Insurance for Nissan Magnite

The Nissan Magnite is a popular, compact, 5-seater SUV in India powered by a 999 cc petrol engine in either automatic or manual transmission. It is available in 30+ variants and possesses a 4-star GNCAP safety rating. Nissan Magnite is priced between ₹5.99-₹11.27 Lakhs (ex-showroom, Delhi), based on your chosen variant.

Beyond legal necessities, insuring your Nissan Magnite safeguards your SUV and finances from unforeseen events. Car insurance premiums vary based on factors like coverage amount, plan type, specific Magnite variant details, and more. Carefully considering these factors when selecting coverage allows you to protect your interests cost-effectively. 

To make informed financial decisions about protecting your Nissan Magnite, check the ex-showroom prices and estimated insurance rates for the corresponding variants as given: 

Understanding how to purchase and renew insurance online is crucial when assessing premiums for different Nissan Magnite variants. Bajaj Markets provides a simple and affordable way to secure insurance coverage for your new Magnite SUV: 

• Head over to the ‘car insurance premium calculator’ page

• Enter your car registration details and mobile number 

• Provide the necessary information in the application form

• Compare various insurance plans and pick one that suits your needs

• Check the price of your Nissan Magnite Car Insurance and make an instant online payment 

It is important to secure your Nissan Magnite with insurance as it offers numerous benefits to both your car and finances: 

• Legal Necessity

In India, it's mandatory to insure your Nissan Magnite SUV against third-party liabilities

• Financial Safeguard

Your insurance plan covers repair costs for accidental damages and helps you avoid unexpected expenses

• All-Inclusive Protection

Nissan Magnite Car insurance addresses repair costs for damages caused by natural or man-made disasters, ensuring comprehensive coverage

• Supplementary Advantages

Many car insurance plans offer valuable add-on covers that can enhance the overall protection factor for your new SUV

The insurance cost for your Nissan Magnite depends on which plan you choose. Details on the main types of car insurance plans available are given below:

• Third-Party Car Insurance

A third-party car insurance plan is mandatory in India under the Motor Vehicles Act, 1988. It covers all liabilities arising towards a third party, such as property damage or personal injury. Thus, this plan ensures financial protection along with legal compliance. 

• Own Damage Insurance

Own Damage Cover protects your vehicle from damage caused by accidents, collisions, vandalism, fire, etc. It covers the costs of repairing or replacing your insured vehicle, offering financial peace of mind if your vehicle gets damaged. 

• Comprehensive Car Insurance

A comprehensive car insurance plan offers extensive benefits, covering accidental damages to your car, as well as damages arising from natural or man-made disasters. You may also get supplementary benefits by purchasing add-on covers. 

It is important to have a clear understanding of the inclusions of the insurance coverage for Nissan your Magnite before finalising it. In addition to the insurance cost, here are some common inclusions you can expect in your plan: 

• Third-party liabilities

• Expenses for replacements and repairs

• Loss or damage due to man-made or natural calamities

• Personal accident coverage for the car driver and passengers

• Damage resulting from any accident

Every car insurance plan has specific exclusions that are not covered by the policy. These exclusions may vary but typically include the following for your Nissan Magnite: 

• Everyday wear and tear

• Mechanical or electrical breakdown

• Damages caused due to malicious activities

• Damages caused because of war-like conditions

• Damages from driving while under the influence of alcohol

• Damage or loss owing to driving with an inactive insurance policy or without a valid licence 

Insurance plans may not always cover all the scenarios that could lead to damages. That’s why, you can choose from multiple add-on riders for your Nissan Magnite, over and above the base plan. There are some popular add-on covers you can purchase that offer the following benefits: 

• Roadside Assistance

This cover gives you benefits like towing assistance, fuel delivery, emergency repairs, etc. if your car breaks down in the middle of a journey 

• Engine Protector

Covers the cost of replacing or repairing your car’s engine owing to damages from water seepage, oil leaks, etc 

• Consumables Cover

This add-on cover takes care of the expenses of replacing or refilling consumables like coolant, engine oil, and brake oil 

• Accessories Cover

Provides coverage for the expenses of repairing or replacing certain car accessories that may have been damaged in an accident 

• NCB Protection Cover

This cover allows you to retain your No Claim Bonus (NCB) for up to two claims filed during the policy year 

• Report the accident to your insurer immediately 

• Browse and Select a Network Garage 

• Take your Nissan Magnite to the nearest network garage for repairs 

• Submit the bills and other relevant documents to your insurer 

• Your insurer will verify the paperwork and settle the claim with the garage directly

• Contact Your insurer and inform them about the damage to your car 

• File a First Information Report (FIR) in case of theft 

• Submit the FIR copy along with the necessary paperwork to your insurer 

• Take your vehicle to any garage you prefer and pay for the repairs 

• Submit all the bills and receipts to your car insurance provider 

• The insurer will verify the bills and reimburse your expenses 

Submit the following documents to file a Nissan Magnite insurance claim:

• Your insurance policy

• Car details

• Insurer details

• Details of the Incident

• FIR copy, in case of theft/vandalism

• Original bills and receipts of the vehicle repair

To reduce your new SUV’s insurance premium in India, consider the following tips:

• Get the No Claim Bonus:

Avoid making claims during the policy period to enjoy a reward on your insurance renewal premium through the No Claim Bonus

• Compare Plans Online:

Research online to find the right insurance plan at affordable rates. Compare various insurance covers to choose the one that suits your needs

• Adhere to Traffic Laws:

Following traffic rules minimises the risk of accidents, reducing the likelihood of vehicle damage

• Cover Small Claims:

Covering inexpensive repair bills helps preserve your no-claim bonus, resulting in significant savings during renewal