Fiat Punto Car Insurance in India

The Fiat Punto can cost you anywhere between ₹4.92 Lakhs and ₹6.86 Lakhs. While the car comes with a host of features, it’s important to understand the risks associated with owning and driving a vehicle. Investing in a good Fiat Punto Car Insurance in India can help you manage unexpected expenses.  

 

Broadly, you can choose to invest in two kinds of insurance plans: third-party car insurance and comprehensive car insurance. As per the Motor Vehicles Act, 1988, it’s mandatory to purchase a third-party car insurance plan to help you cover third-party liabilities.  

Read on to know more about Fiat Punto Car Insurance plans in India. 

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Fiat Punto Variants & Insurance Premiums

The Punto is a hatchback manufactured by Italy’s largest automobile maker, Fiat Automobiles. Before the car was discontinued, the Fiat Punto price in India ranged from ₹4.92 Lakhs to ₹6.86 Lakhs. When the car was first launched in 2008, the Euro NCAP awarded it with a 5-star rating. However, this was later downgraded to a 0-star rating in 2017. While the low safety rating is a concern, you must also remember that you are always exposed to the risk of road accidents while driving your Punto. So, if you own this car, or are planning to buy it from the second-hand car market, ensure you secure it with adequate Fiat Punto insurance to stay financially protected during unforeseen events like accidents, theft, etc. Read on to know more about this car, its variants, the Fiat Punto insurance cost, and much more.

Fiat Punto Variants

Fiat Punto Variants

Ex. Showroom Price*

Fuel Type

Estimated Third-Party Premium**

FY 2022-23 (effective 1st April, 2022)

Punto 1.2 Active

₹4.92 Lakh

Petrol

₹3,416

Punto 1.2 Dynamic

₹5.16 Lakh

Petrol

₹3,416

Punto 1.3 Active

₹5.61 Lakh

Diesel

₹3,416

Punto 1.3 Dynamic

₹6.26 Lakh

Diesel

₹3,416

Punto 1.4 Emotion

₹6.69 Lakh

Petrol

₹3,416

Punto EVO 1.3 Active

₹6.81 Lakh

Diesel

₹3,416

Punto 1.3 Emotion

₹6.86 Lakh

Diesel

₹3,416


*The ex-showroom prices are the last recorded prices for the Fiat Punto variants. 

 

**Third-party premium rates are indicative. The actual Fiat Punto insurance premium that you may have to pay may change based on various factors. Kindly check the prevailing Punto insurance premium rates before purchasing your car insurance policy.

How to Buy Fiat Punto Insurance?

You can now buy Fiat Punto insurance in a jiffy on Bajaj MARKETS! Here is all you need to do:

 

Step 1: Visit the ‘Car Insurance Premium’ section.

 

Step 2: Fill in your car registration number and mobile number.

 

Step 3: Browse through the various Fiat Punto car insurance plans and pick one that suits your needs.

 

Step 4: Pay the Punto insurance premium online.

 

Step 5: Your car insurance policy will be sent to your email address.

 

Read More: Fiat Car Insurance

How to Renew Fiat Punto Insurance?

Renew your car insurance online in just five steps:

 

Step 1: Visit the ‘Car insurance Renewal’ section on your insurer’s official website and enter your car registration number and contact details.

 

Step 2: Provide the details of your previous Punto insurance policy.

 

Step 3: Check the Punto insurance renewal price.

 

Step 4: Make an instant premium payment online.

 

Step 5: Download the car insurance policy document copy.

Why Insure Your Fiat Punto?

In India, if you are a car owner, having car insurance is mandatory by law. Moreover, you have to understand that any damage or loss to your Punto can cause a financial burden on you. The repair or replacement of damaged parts of your car can easily go up to ₹50,000- ₹1 Lakh! This can drain your savings in no time. Therefore, having adequate Fiat Punto insurance is essential to stay financially secured during accidents, theft, natural and human-made disasters.

Types of Fiat Punto Insurance to Choose From

  • Third-Party Car Insurance

Having a third-party car insurance for your four-wheeler is mandated under the Motor Vehicles Act, 1988. A third-party car insurance covers the losses, damages, death or bodily injuries caused to a third party. Though such plans are available at affordable rates, you must note that they fail to cover your own vehicle. 

  • Comprehensive Car Insurance

Comprehensive car insurance plans offer extensive coverage against damages caused to your own vehicle due to accidents, theft, natural and man-made calamities, etc. Moreover, comprehensive plans are available with lucrative add-on covers that you can buy to maximise the extent of coverage of your car insurance. Though the prices of comprehensive car insurance plans are slightly on the higher side, you can rest assured that your car is financially secured!

What is Covered Under Fiat Punto Insurance?

As mentioned above, third-party insurance plans cover third-party liabilities like damages, bodily injuries and the death of the victim. A comprehensive car insurance plan covers own car damages, theft, natural and man-made disasters, third-party liabilities, and personal accident cover.

What is Not Covered Under Fiat Punto Insurance?

Some of the exclusions of comprehensive car insurance plans are natural wear and tear of the vehicle, electrical or mechanical breakdown, damages or losses incurred due to driving under the influence of alcohol, malicious activities, etc.

Add-On Covers for Your Fiat Punto Insurance

Here are some of the add-on covers to combine with your comprehensive car insurance plan to enhance its scope of coverage:

  • Return to Invoice Cover

With this add-on, you are given the invoice value of your car in case of the total damage or theft of your Punto.

  • Personal Accident Cover

The Personal Accident add-on will cover the expenses incurred in the event of accidental death, irreversible disability, or bodily harm to the driver of the insured car.

  • Lock & Key Replacement Cover

In case you lose or misplace your car keys, the key protection add-on cover will secure the cost of replacing your car locks and getting new car keys.

  • Engine Protection Cover

The Engine Protection add-on covers the expenses of repairing or replacing your car’s engine parts.

Filing a Claim Under Fiat Punto Insurance

Before you file a claim under your car insurance, you must know about the documents required and the types of claims.

You must keep the following documents handy while filing a Fiat Punto insurance claim:

 

  • Fiat Punto car insurance policy

  • Car details

  • Insurer details

  • Copy of the FIR in case of theft

  • Copy of the driver’s licence

  • Original bills of the vehicle repair

There are two types of Fiat Punto car insurance claims:

  • Cashless Claim Under Fiat Punto Insurance

Here, you can file a claim against your car insurance and get your damaged Punto repaired at any nearest network garage, without worrying about paying the repair bills. Your insurance provider will settle the bills with the garage.

  • Reimbursement Claim Under Fiat Punto Insurance

If you wish to get your damaged car repaired at a preferred garage, you can opt for a reimbursement claim. You can file the claim after you’ve paid for the repairs yourself. The insurance provider will transfer the settlement amount upon approval of the reimbursement claim.

Read More: Car Claim Settlement Process

Tips to Reduce Fiat Punto Insurance Cost

Here are some ways to reduce your Punto insurance price:

  • Cover Small Repair Expenses

In case of inexpensive repairs, you can pay for them from your own pocket and secure your No Claim Bonus (NCB) reward. You can then use these NCB rewards to get a reduced premium during car insurance renewal.

  • Install Anti-Theft Devices

For an additional reduction in the Fiat Punto insurance premium quote, you can choose to install anti-theft devices approved by the Automotive Research Association of India (ARAI).

  • Compare Premium Quotes

Always remember to compare the car insurance premium quotes offered by various insurance providers and then pick a plan that suits your needs and budget.

  • Maintain Your Fiat Punto

Another easy way to lower your insurance cost is to maintain your Fiat Punto in good shape and get it serviced regularly.

Tips to Maintain Your Fiat Punto

  • Check the Tyre Pressure

To avoid increased wear and tear or any tyre bursts, you must check the tyre pressure of your car regularly.

  • Maintain a Clean Car Engine

To have a prolonged engine life, you must ensure your Punto’s engine has clean fuel and maintain it from time to time. 

  • Change the Oil & Oil Filters

Regularly change the oil and oil filters in your Punto to keep your car functioning smoothly in the long run.

  • Check the Brake Fluid

The brake fluid is a crucial component of your car. Hence, you should check it regularly and see that it is maintained in sufficient amounts.

Fiat Punto Maintenance Cost

The Fiat Punto service and maintenance cost will vary depending on the service centre. You can contact any authorised Fiat service centre to get the Punto maintenance cost and service schedule.

About Fiat Punto

Fiat, the Italian car manufacturer, is famous worldwide for its refined car design and comfort. The Fiat Punto is a premium hatchback range by the automaker launched in 2008. This car has everything that could appeal to you – from ace design and styling, excellent ride, and handling package, to the MultiJet diesel engine. Let’s take a look at the specifications and features of the Fiat Punto.

Fiat Punto Specifications

The Fiat Punto comes with the following specifications:

Details

Specifications

Fiat Punto Mileage

15.7 kmpl

Engine Displacement

1172 cc

Transmission Type

Manual

Max Power

67bhp@6000rpm

Max Torque

96Nm@2500rpm

Seating Capacity

5

Fuel Type

Petrol / Diesel

Fuel Tank Capacity

45 Litres

No. of Cylinder

4

Boot Space

280 Litres

Ground Clearance Unladen

195 mm

Here are some of the key features of the Fiat Punto:

 

  • Air conditioner

  • Front power windows

  • Power steering

  • Wheel covers

Fiat Punto On-Road Prices

Since the car has been discontinued in India, the Fiat Punto on-road price is not available.

Conclusion

Now that we have summed up the features and specifications of the Fiat Punto, it is up to you to decide if this is the right car for you. While the Punto was discontinued in 2018, you can still find the car in the second-hand market. If you choose to get this car, do not forget to secure it with adequate Fiat Punto insurance to make sure that your car is financially secure during any untoward incidents. So, wait no more! Head over to Bajaj MARKETS and get your hands on a suitable car insurance plan now!

 Check Out Car Insurance Plans Available at Bajaj MARKETS

FAQs on Fiat Punto Car Insurance

  • ✔️How is the Fiat Punto insurance price calculated in India?

    The Fiat Punto car insurance premium is calculated based on various factors. Some of these are:

    • The age of the vehicle

    • The area of residence

    • The make and model of the car

    • Fuel type

    • NCB

    • IDV

  • ✔️ What is the Fiat Punto car insurance cost per year?

    The Fiat Punto car insurance price will vary based on the type of insurance plan chosen and various other factors. You can use Bajaj MARKETS' car insurance premium calculator to get an estimate of the insurance premium amount for your vehicle.

  • ✔️Can I declare a low IDV for my Fiat Punto?

    It is always advisable to declare the correct IDV (Insured Declared Value) of your vehicle. In case of a claim, you may not get the right compensation for the damages incurred in case of damages caused to your car if you declare a lower IDV for your Fiat Punto, which would eventually lead to out-of-pocket expenses.

  • ✔️Is it mandatory to get comprehensive car insurance for my Fiat Punto?

    No, getting a comprehensive car insurance policy is optional. However, it is recommended to opt for a comprehensive plan to ensure maximum coverage for your Fiat Punto.

  • ✔️Should I carry my Fiat Punto insurance policy papers while driving?

    Yes, you must always carry your Fiat Punto insurance policy papers while driving the car. Some other documents that you must carry are a valid driving licence, the vehicle registration certificate, and a Pollution Under Control (PUC) certificate.

  • ✔️Can I switch from my current insurance provider to another insurer through Bajaj MARKETS?

    Yes, on Bajaj MARKETS, you can easily switch from your existing insurance provider to another insurer without any hassles.



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