Ford Car Insurance in India

Ford is one of the most popular car companies in India, with Ford EcoSport and Ford Endeavour being their iconic car models.). Among all its models, Ford Endeavour tops the engine displacement at 1996cc. However, the maintenance and repair expenses for Ford cars can be very high. As mishaps are beyond your control, this is where a Ford car insurance plan can come to your rescue. A Ford car insurance will keep your precious car protected financially against accidental damages, theft, etc. You can also buy add-on covers to enhance the scope of the policy. In this article, we’ll take a look at Ford car insurance prices for variants as well as more information about Ford cars.

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Ford Insurance Price for Popular Models

You can take a look at the Ford car insurance price for its most popular models in the table given below:

Ford Car Models

Ford Ex. Showroom Price*

Fuel Type

Estimated Third-party Premium~

FY 2022-23

(effective 1st April, 2022)

Ford EcoSport

₹8.19 Lakh*

Petrol

₹3416

Ford Endeavour

₹15.89 Lakh*

Petrol/Diesel

₹7,897

Ford Aspire

₹5.21 Lakh*

Petrol/Diesel

₹3416

Ford Figo

₹5.82 Lakh*

Petrol/Diesel

₹3416

Ford Freestyle

₹5.91 Lakh*

Petrol/Diesel

₹3416

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

How to Buy Ford Car Insurance Online

Now you can buy insurance for your Ford car online in a matter of minutes, only at Bajaj MARKETS.

 

Step 1: Go to the ‘Car Insurance Calculator’ page.

 

Step 2: Enter the necessary details such as your car registration data, car model details, personal information, etc. onto the website.

 

Step 3: Take a look at all the Ford car insurance options that appear on the website.

 

Step 4: Choose a Ford car insurance option that suits your needs from the available options on the website.

 

Step 5: Upload the necessary documents and make the insurance premium payment using the online payment methods available.

 

Step 6: Your Ford car insurance will soon be activated and the details will be sent to your email.

How to Renew Your Ford Car Insurance Online

Here are the simple steps you can follow if you wish to renew your Ford insurance online:

 

Step 1: Visit the car insurance renewal page of any insurance provider’s website.

 

Step 2: Enter your existing Ford car insurance details and other required information on the website.

 

Step 3: Choose from the available options for Ford car insurance renewal on the website.

 

Step 4: Upload the necessary documents on your chosen insurance provider’s website.

 

Step 5: Finish the online premium payments and your Ford car insurance will be renewed.

 

Read More: Car Insurance Renewal

Why You Need Ford Car Insurance

Buying a Ford car and maintaining it involves big expenses. Any unfortunate event like natural calamities and the subsequent repair and replacement expenses can cost you a fortune. For instance, the repair or replacement cost of damaged Ford car accessories can go as high as ₹1 Lakh to ₹2 Lakh for a low-end model. Therefore, to avoid losing out on your hard-earned money, you can simply opt for car insurance. In any such event of unexpected damage, you will be compensated for the loss without disturbing your peace of mind. Moreover, you need to have at least third-party Ford car insurance to drive legally, as per the New Motor Vehicles Act (Amendment), 2019.

Types of Ford Car Insurance You Can Choose from

There are basically two types of Ford insurance you can choose from:

Third-Party Car Insurance

Third-party car insurance is mandatory by law under the Motor Vehicles Act, 1988. The policy is known to cover third-party liabilities only. Hence, the premium charges are easy on your pocket. The coverage protection is not extended to you or your Ford car in the case of an unfortunate event. If you are looking to buy an extensive cover for your vehicle, it is recommended to buy a comprehensive car insurance policy.

Comprehensive Car Insurance

A comprehensive car insurance plan for Ford cars will cover third-party liabilities and damage to own vehicle. The plan has a relatively higher premium as compared to third-party car insurance. However, you can extend the scope of your comprehensive car insurance policy with add-on benefits. Having comprehensive Ford insurance ensures your vehicle is protected against any unfortunate event at all times.

What is Covered Under Ford Car Insurance Plan?

A third-party Ford insurance plan covers third-party damage, bodily injuries, death of the victim and personal accident cover. On the other hand, the inclusions of comprehensive Ford car insurance are own damage, theft, natural calamities, man-made disasters, third-party liabilities and a personal accident cover.

What is Not Covered Under Ford Car Insurance Plan?

Some of the exclusions of comprehensive insurance are natural wear and tear, electrical or mechanical breakdown, damage incurred due to drunk driving, malicious activities, inactive policy, etc.

Add-On Covers for Your Ford Car

When buying comprehensive car insurance for your Ford car, you can purchase additional covers that provide extensive protection to your vehicle. These add-ons are optional, and you can choose the ones that are most needed.

Let us take a look at different add-on covers available under comprehensive Ford insurance:

  • Zero Depreciation

With a zero depreciation car insurance add-on cover, depreciation is not factored in during claim settlement. However, without this cover, the compensation paid is as per the current market value of the Ford car. Zero depreciation cover allows you to receive the full amount in compensation.

  • Return to Invoice

Return to invoice will ensure you receive the invoice value of your Ford car in case it is lost/stolen. The invoice value is the amount you paid at the time of purchasing the car. The insurer will compensate you for the actual value of the vehicle along with the registration charges and road tax.

  • No-Claim Bonus Protection Cover

Every time you make a claim, you lose the NCB earned on your insurance plan. However, with the NCB protection cover, the NCB earned stays applicable even after making a claim.

  • Consumable Expenses

This add-on covers the expenses of consumables, which include the items used for the proper functioning of a vehicle’s engine and other parts. These items may be engine oil, gearbox oil, nuts and bolts, screws, distilled water, grease, brake oil, oil filter, bearings, washers, AC gas, etc.

  • Engine and Tyre Secure

With this cover, you are adding safety to your engine and tyres. So, in case of replacement/repair, the insurer will compensate you for the expenses incurred. Also, any damage to the internal parts, such as the engine, gearbox, and transmission, is covered.

Read more: Add-on Covers in Car Insurance

Ford Car Insurance Claim Process

Here are the important documents that you would need to claim your Ford insurance.

  • Car insurance Ford policy document

  • Ford car details

  • Insurer details

  • Details of the Incident

  • FIR copy, in case of theft/vandalism

  • Original bills and receipts of the vehicle repair

Car insurance Ford provides all-around protection in case of unfortunate accidents or theft. While getting Ford insurance is the first step to security, the next crucial step is understanding how claims are registered.

There are two types of Ford car insurance claims:

Claim Cashless Car Insurance for Ford Cars

With cashless claims, you can get your Ford car with accidental damages repaired at the nearest network garage. The insurer will directly pay the garage for incurred expenses.

Claim Reimbursement for Ford Cars

Here, you can get your car fixed at your preferred garage, pay the expenses, and raise a reimbursement claim against your policy. Upon claim approval, the settlement amount is transferred to your bank amount (minus the deductible, if applicable).

How to Reduce Ford Insurance Premium

Here are some useful tips you can follow to lower your Ford car insurance premiums:

  • Avail No Claim Bonus

For your Ford insurance renewal premium to be low on cost, you can use the No Claim Bonus (NCB). You can get this bonus by not making any claims throughout the duration of the policy period.

  • Cover Small Claims

By taking care of any inexpensive claims from your own pocket, you can save out on the premium price required to pay for it, hence securing the NCB reward.

  • Use Anti-Theft Devices

Installing anti-theft devices not only gives additional protection to your Ford car but also helps in getting the premium prices down. Make sure you install the devices authorised by the Automotive Research Association of India (ARAI).

  • Compare Different Premiums

You can always research by comparing quotes from different insurance providers and then get the best-suited plan.

  • Good Driving

By following all the traffic rules and regulations, you can drive your Ford car with caution to avoid any accidents thus ensuring a minimum claim for your policy.

  • Proper Maintenance

Apart from good driving skills, taking care of your vehicle is also important in reducing the premium costs. Proper servicing of your vehicle is a must along with driving it efficiently.

To Conclude

Even though Ford cars are known for their top-class performance, some conditions are beyond your control. In case of any natural calamity like floods, theft or unfortunate accidents, it is important to get Ford auto insurance to avoid huge expenses. Car insurance plans available on Bajaj MARKETS are customer-friendly and offer a convenient renewal process. With add-on covers for motor insurance, you can manage to cover maximum expenses on your vehicle damage and personal accident apart from third-party liabilities.

To check the car insurance premiums for policies available on Bajaj MARKETS, use the car insurance calculator. The tool helps you determine the premiums and compare the prices of car insurance plans offered by other insurers as well. That way, you will be able to make an informed decision.

Check Out Car Insurance Plans Available at Bajaj MARKETS

 

FAQs on Ford Car Insurance

  • ✔️Is it compulsory to buy car insurance for my Ford car?

    Yes. A third-party car insurance policy is mandatory by law under the New Motor Vehicles Act, 2019, to legally drive on Indian roads.

  • ✔️ What is the Ford on-road price for the model Ecosport?

    The Ford on-road price for Ecosport is ₹9.26 Lakhs.

  • ✔️What will happen if I do not have Ford car insurance for my new vehicle?

    You will be issued a challan if you fail to present an active third-party Ford car insurance plan to the traffic police. Multiple violations can lead to licence cancellation and/or imprisonment.

  • ✔️What is the fine for driving without a valid car insurance policy?

    The penalty for driving your Ford car without a valid car insurance policy is ₹2,000 and/or imprisonment up to three months for the first offence. For subsequent offences, the penalty is ₹4,000 and/or imprisonment of up to three months.  

  • ✔️Is Ford car insurance expensive?

    You can use the car insurance premium calculator to determine the Ford insurance cost based on the coverage and add-on covers you want.

  • ✔️Does a car’s IDV decrease every year?

    Yes, as your car grows older and depreciates in value, its IDV falls over time.

  • ✔️How can I check the Ford service costs for various models?

    You can check the Ford maintenance for various models on dedicated car blogs or by contacting Ford representatives. 

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