Bugatti car maker is famous for manufacturing one of the first cars that broke the 300 mph barrier. Besides that, Bugatti cars are known for their high-end design and luxurious features. Famous for producing limited edition supercars, Bugatti entered the Indian market with the Bugatti Veyron, the world’s fastest car at that time. If you happen to own this super luxurious car, purchasing a Bugatti car insurance plan is a must to protect your investment against unforeseen circumstances.
Here are the premium price of this Bugatti car insurance plan according to its different models
Bugatti Car Variants
ESTIMATED THIRD-PARTY INSURANCE RATE
Rs. 41 Crore
Rs. 12 Crore
Disclaimer: Note the above information regarding Bugatti car insurance price in India is mentioned for new models only. Further, the insurance cost might vary depending upon the place of registration, year of registration, add-on covers, fuel type and policy type.
You can easily purchase a car insurance policy for your Bugatti car by following a few steps. Find them below:
Step 1: Navigate to the car insurance calculator of Bajaj MARKETS.
Step 2: Enter a few details, such as your vehicle type, car registration number and your mobile number
Step 3: Choose whether you require a comprehensive or third-party insurance
Step 4: Purchase add-on covers, as per your requirement
Step 5: Verify the details and make the premium payment
After following these steps, you will soon receive your policy documents on your email ID.
You can also renew your car insurance policy from the comfort of your home. Simply follow these steps:
Step 1: Visit the car insurance renewal section of your insurer
Step 2: Enter a few details, such as your car’s registration number and mobile number
Step 3: Enter your previous policy details
Step 4: Verify the details and make any modifications, if required
Step 5: Complete the premium payment
Read More: Car Insurance Renewal
A car insurance policy ensures that you do not suffer any financial loss due to damage or loss of your Bugatti car. With a comprehensive car insurance plan, you need not worry about financial losses in case your vehicle suffers damage due to a road accident. You will also get the needed compensation in case of total loss of your vehicle. A car insurance policy also provides coverage for any damage caused to your vehicle in case of a natural or man-made calamity. Therefore, in such instances, you need not worry about financial stresses. The Motor Vehicle Act, 1988, mandates every motorist in India to have at least third-party insurance. Thus, by purchasing car insurance, you can drive legally on Indian roads without the fear of attracting hefty fines.
The type of plan you choose for your car will significantly affect the coverage benefits. So, knowing the different types of car insurance plans is crucial if you want to make an informed insurance purchase decision.
Typically, car insurance companies on Bajaj MARKETS offer the following two types of plans:
As per the Motor Vehicle Act, 1988, it is mandatory to purchase third party insurance for car. Under this policy, you get the following coverage benefits:
Cost of replacement or repairs of the third party’s damaged vehicle
Hospitalisation expenses for the third party
Legal liabilities that arise due to the death of the third party
Additionally, this plan also includes a personal accident cover, which protects the insured against accidental injuries, death or disability due to a road mishap.
This type of policy extends the highest level of coverage. It includes third-party and own damage cover. Thus, the Bugatti insurance cost for a comprehensive car insurance plan is on the higher side. Furthermore, with a comprehensive plan, you can choose various add-on covers, which will help in maximising the policy’s coverage benefits. However, note that these covers come at additional costs.
Before you proceed to purchase a car insurance policy for your Bugatti car, you must know that every plan comes with its own set of inclusions and exclusions. Knowing about them beforehand will assist you in understanding your policy’s coverage.
That said, policies available on Bajaj MARKETS feature the following inclusions and exclusions:
Loss or damage due to man-made or natural calamities
Damage or loss arising due to fire or any other explosion
Damage or loss to the vehicle due to a road accident
Personal accident cover
Vehicle coverage against theft
Loss or damage to the vehicle when driving under the influence of alcohol
Los or damage to the vehicle when driving with an expired policy
Damage or loss to the vehicle when driving without a driving license
Vehicle loss or damage caused during a war-like situation
Loss or damage due to malicious activities
Regular wear and tear of the vehicle
Any electrical or mechanical breakdown
A comprehensive car insurance plan features several add-on covers, which help maximise the coverage benefits of an already existing plan. These add-on covers bear an additional cost.
You can choose from an extensive list of add-on covers, such as:
Typically, a standard car insurance policy does not cover vehicle damage incurred due to mechanical or electrical breakdowns. However, with an engine protection cover, you can stay assured of receiving the needed compensation for the replacement of various engine components.
With a lock and key replacement cover, you will receive reimbursement for the expenses related to key replacement in case of theft or misplacement. Additionally, it also covers the expenses for vehicle lock repair.
As you purchase a car insurance policy, you must know that your car’s IDV decreases with each passing year due to depreciation. However, with a zero depreciation cover, your insurer will not consider the cost of depreciation while settling claims. This will ensure that you receive a higher claim amount.
An NCB protection cover protects your NCB discount even if you make a claim during a particular policy year. Thus, you benefit from paying lowered premiums.
Besides these, a few other add-on covers include:
This gives you extensive coverage for the expenses incurred due to changing gear oils, engine oil, grease, nuts/bolts, oil filters etc. while repairing your cars after it crashes.
Cover the treatment expenses of passengers by including this passengers cover with your comprehensive car insurance policy. It also allows you to claim compensation for their death and disability.
You can ask for expert’s assistance during your car breakdown by including the roadside assistance add-on cover. Against this policy, the insurer sends experts to repair flat tyres, battery breakdown, etc.
It enables you to get reimbursement in case your belongings, such as mobiles, laptops, clothings, etc.get damaged or lost after the insured car meets with an accident.
However, before you purchase these add-ons, remember that they come at additional costs and will significantly affect your Bugatti insurance cost. Thus, consider choosing the absolutely necessary ones.
Read More: Add-on covers for car insurance
Understanding the claim process beforehand will save you from last minute hiccups and will assist you in making a hassle-free claim in the event of a road mishap.
Having said that, car insurance companies offer two types of claim processes, specifically:
With a cashless claim facility, your insurer settles the vehicle repair bills directly with the network garage. Insurance companies mention the list of network garages in your policy document. Thus, if your policy comes with this facility, you won’t have to pay any upfront payments.
The steps to raise a claim under this method are:
Step 1: Inform your insurer about the accident and raise a claim
Step 2: Visit a network garage of your choice for repairs
Step 3: Submit the necessary documents to your insurer
Step 4: Upon approval, your insurer settles the bills directly with the garage
Under this facility, you will have to pay upfront payments at first. After that, you must visit your insurance provider with the necessary documents to claim reimbursement for all your expenses.
The steps to raise a claim under this method are:
Step 1: Inform your insurer about the accident and file an FIR in case of third-party liability or vehicle theft
Step 2: Visit any garage of your choice for repairs
Step 3: Submit the necessary documents to your insurer
Step 4: Wait for approval, upon which you will receive the reimbursement
Read More: Car Claim Settlement Process
Since you already have the financial obligation to pay a massive Bugatti maintenance cost, a reduced insurance cost might help you lower your financial burden.
Having said that, mentioned below are a few ways for you to reduce your car insurance cost:
Deductible is the amount you are required to pay before making a car insurance claim. Typically, insurance companies charge a lesser premium if you choose to pay a higher deductible.
Although add-on covers enhance the coverage benefits of a car insurance plan, they come at additional costs. Thus, if you purchase too many add-ons, you will end up paying a higher premium.
Installing anti-theft devices on your vehicle reduces the chances of theft. This makes you a less risky policyholder. Thus, under such circumstances, insurance companies can reduce the premium amount.
Try to pay the expenses of minor car repairs from your pocket. This way, you will ensure that your NCB remains intact. This will, in turn, help you enjoy a discount on premium, thus, lowering your insurance cost.
Insurance companies allow policyholders to avail no claim bonus discount upon making a claim-free policy year. Thus, do not forget to avail this discount on premium, which can reach to 50% for 5 consecutive claim-free policy years.
Besides these, you must also ensure to renew your Bugatti car insurance plan before its expiry date to avoid policy lapse and the subsequent premium increase.
An unfortunate accident involving your precious Bugatti can cause a huge financial setback. Having a Bugatti car insurance policy can act as your financial cushion in such situations. So, if you are looking to purchase a car insurance plan for your Bugatti, check out the car insurance plans available at Bajaj MARKETS now! And if you want to compare various car insurance plans, you can use our online car insurance premium calculator. This tool helps you get the car insurance premium quotes and compare the Bugatti car insurance price of plans offered by other insurers as well.
You can purchase a car insurance policy from your car dealer. However, another easy way to purchase a car insurance policy is to directly approach an insurance provider online.
Yes. You must buy a car insurance plan for your Bugatti to be able to drive the car legally on Indian roads.
No. Car insurance plans available on Bajaj MARKETS offer minimum coverage of one year.
No, the cost of Bugatti car insurance in India may not be very expensive. To determine the Bugatti car insurance price, you can use the car insurance premium calculator on Bajaj MARKETS.
No. You must not declare an incorrect IDV of your car as it may lower your claim amount. This will result in out-of-pocket expenses for you.