Best Cars Under 5 Lakhs in 2022

Budget friendly cars have become a boon to many Indians. Cars under Rs. 5 lakhs are fuel efficient, compact and easy-to-handle. Rising fuel prices and smaller parking spaces have made cars within Rs. 5 lakhs more popular. It is not an easy task as you have to find the best car with excellent performance, good mileage and all the features you need. If you are someone looking for the best car under Rs. 5 lakhs, you can find the list of options here. Popular choices for the category of 5 lakh range cars include Maruti Alto 800 with base price starting at Rs. 3.25 lakhs and Maruti S-Presso with base price starting at Rs. 8.11 lakhs. As per Motor Vehicles Act, 1988, you cannot drive a car on Indian roads without car insurance. It is mandatory to buy car insurance when you buy a car. Insurance costs for the cars below Rs. 5 lakhs are also mentioned in this article.

List of Top Cars Under Rs. 5 Lakhs

Before choosing a car, you should be aware of the on road price of it. Here is a list of the best Indian cars under Rs. 5 lakhs along with their on-road price for you to choose from.

The on-road prices mentioned above are applicable only for New Delhi. The price varies from city to city depending on the RTO charges and insurance cost changes. Other than the ones mentioned above, you can find different variants for the cars under Rs. 5 lakhs on road price. Depending on these variants, the car insurance cost of the car varies. You can use a car insurance calculator to calculate these complicated prices. Finserv MARKETS offers an online car insurance calculator which is easy to use and error-free. Now, let us check out the key features of each of these best cars below Rs. 5 lakhs. Please note that the on-road price ranges mentioned below are for New Delhi city.

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1. Renault KWID

Renault KWID is a hatchback from the house of Renault. It has 8 variants, and the base price starts from Rs. 4.24 lakhs. KWID is a 5 seater car with it's least expensive variant being RXE. It has remained one of the best cars under Rs. 5 lakhs since its launch in 2015. KWID is an easy-to-drive car with compact dimensions and a decent cabin. It offers a mileage of 22.3 kmpl. It has variants with both manual and automatic transmission. Renault KWID does not have a diesel or CNG option. The insurance premium for this car can cost between Rs. 27,000 to 36,000 per annum.

Check out the table below for the features of Renault KWID.

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2. Maruti Suzuki Alto

Maruti Suzuki Alto is a hatchback with 6 variants, and the base price starts from Rs. 3.25 lakhs. Alto is a 4-5 seater car and quite zippy to drive. It is fuel-efficient and also comes with an optional CNG model. It offers a mileage of 22.05 kmpl for petrol option and 31.59 km/kg for CNG option. Alto has variants with only manual transmission and does not have a diesel option. It remains as one of the affordable cars priced under Rs. 5 lakh. The insurance premium for this car can cost between Rs. 19,000 to 25,000 per annum.

Check out the table below for the features of Maruti Suzuki Alto.

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3. Maruti Suzuki S-Presso

Maruti Suzuki S-Presso is a hatchback from the house of Maruti. It has 6 variants, and the base price starts from Rs. 3.85 lakhs. S-Presso is a 4-5 seater car with it's least expensive variant being STD. Maruti Suzuki has introduced the S-Presso in India as a mini-SUV. It is one of the best new cars under Rs. 5 lakhs. S-Presso has compact dimensions with good space utilization. It offers a mileage of 21.4 kmpl and has variants with both manual and automatic transmission. CNG option is available along with petrol. The insurance premium for this car can cost between Rs. 22,000 to 29,000 per annum.

Check out the table below for the features of Maruti Suzuki S-Presso.

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4. Datsun redi-GO

Datsun redi-GO is a hatchback with 5 variants, and the base price starts from Rs. 3.97 lakhs. redi-GO is a 5 seater car that offers practicality and style while also being affordable. It is one of the best cars in the Rs. 5 lakh category. It offers a mileage of 20.71 kmpl and has variants with both manual and automatic transmission. Only petrol engine options are available. The insurance premium for this car can cost between Rs. 23,000 to 27,000 per annum.

Check out the table below for the features of Datsun redi-GO.

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5. Datsun GO

Datsun GO is a hatchback with 5 variants, and the base price starts from Rs. 4.02 lakhs. GO is a 5 seater car that is well equipped and more practical than any hatchback at this price. It is one of the best Rs. 5 lakh priced cars. It offers a mileage of 19.02 kmpl and has variants with both manual and automatic transmission. Only petrol engine options are available. The insurance premium for this car can cost between Rs. 20,000 to Rs. 37,000 per annum.

Check out the table below for the features of Datsun redi-GO.

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6. Datsun GO+

Datsun GO+ is a hatchback with 5 variants, and the base price starts from Rs. 4.25 lakhs. GO+ is a 7 seater car that is more practical and affordable. It is one of the best cars in the Rs. 5 lakh category. It offers a mileage of 18.57 kmpl and has variants with both manual and automatic transmission. Only petrol engine options are available. The insurance premium for this car can cost between Rs. 29,000 to Rs. 39,000 per annum.

Check out the table below for the features of Datsun GO+.

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7. Hyundai Santro

Hyundai Santro is a hatchback from the house of Hyundai. It has 9 variants, and the base price starts from Rs. 4.86 lakhs. It has variants with both manual and automatic transmission. Hyundai Santro has petrol and CNG options and it offers a mileage of 20.3 kmpl and 30.48 Km/Kg respectively. The insurance premium for this car can cost between Rs. 30,000 to Rs. 36,000 per annum.

Check out the table below for the features of Hyundai Santro.

8. Maruti Suzuki Eeco

Maruti Suzuki Eeco is a 7 seater and has 4 variants. The base price starts from Rs. 4.53 lakhs. Eeco is one of the best 7 seaters you can buy from cars under Rs. 5 lakhs. It has variants only with manual transmission. Eeco has petrol and CNG options and it offers a mileage of 16.11 kmpl and 20.88 Km/Kg respectively. The insurance premium for this car can cost between Rs. 29,000 to Rs. 33,000 per annum.

Check out the table below for the features of Maruti Suzuki Eeco.

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9. Bajaj Qute (RE60)

Bajaj Qute (RE60) is a 4 seater and has only 1 variant. The base price starts from Rs. 2.63 lakhs. It is the cheapest among cars under Rs. 5 lakhs. It has only manual transmission. Qute has petrol and CNG options and it offers a mileage of 35 kmpl and 43 Km/Kg respectively. The insurance premium for this car can cost Rs. 16,000 per annum.

Check out the table below for the features of Bajaj Qute (RE60).

Conclusion

The options for cars under Rs. 5 lakhs are limited since it is a constrained budget. Carefully consider your budget, availability of the car and your needs before selecting one from the above list. Always check the mileage range of the cars keeping the rising fuel prices in mind. When you buy any of these best cars under Rs. 5 lakhs, you should be aware that car insurance is mandatory as per the Motor Vehicles Act, 1988. You should never forget to renew the car insurance on time. Otherwise, you will be imposed with penalties. A car insurance provides you legal protection as well as financial protection in case of any unforeseen emergencies involving the car.