Nissan Car Insurance in India

Nissan car insurance is a policy that protects your four-wheeler from threats like theft, man-made disasters, natural calamities, etc. It also helps you take care of the losses incurred by you and the third party in case of an accident. In fact, with the increased traffic on the roads, purchasing Nissan car insurance has become a must in India, especially if you want to keep your savings intact. Car insurance is like a financial cushion–you can fall back on it in the time of need.

Save 80% on Premium | 4000+ Network Garages | On the spot claim settlement | Buy a Car Insurance Now!

About Nissan Car Insurance

Nissan is a Japanese multinational automobile company and is the sixth-largest automaker in the world. In India, Nissan car prices are in the range of ₹5.88 Lakhs - ₹2.12 Crores.  With the Nissan Magnite earning a 4-Star Overall Safety Rating, and the Kicks earning a 5-Star Overall Safety Rating in the ASEAP NCAP Test, its cars are among some of the safest cars to drive. However, these ratings are not enough to protect you financially during certain unfortunate events like theft and natural calamities. Hence, a Nissan insurance plan is essential for your financial protection. In this article, we will discuss the Nissan insurance cost, its types, importance, and more.

Popular Nissan Models with Nissan Insurance Rates

Here is a list of some of the most popular Nissan cars available in India and the Nissan insurance cost:

Nissan Car Model

Ex-Showroom Price*

Fuel Type

Proposed Third-Party Premium Rates (Rs.) FY 2022-23**

(effective 1st April, 2022)

Nissan Magnite

 ₹5.88 Lakhs - ₹10.56 Lakhs

Petrol

₹ 2,094

Nissan Kicks

 ₹9.50 Lakhs - ₹ 14.90 Lakhs

Petrol

₹ 3,416

Nissan GT-R

 ₹2.12 Crores

Petrol

₹ 7,897

How to Buy Nissan Insurance Online

Here are the steps you can follow to buy new car insurance for your Nissan car:

  1. Visit the ‘Car Insurance Premium Calculator’ page on the Bajaj MARKETS official website.

  2. Fill in the necessary details like your mobile number, your Nissan car’s registration number, and other details about your car.

  3. Pick the Nissan insurance based on your needs.

  4. Pay the car insurance premium online.

 

Upon successful payment, your Nissan car insurance policy will be sent to your email address.

How to Renew Your Nissan Car Insurance Online

 

Here is how you can renew your Nissan insurance online:

  1. Visit the official website of your car insurance provider.

  2. Enter your car’s registration number and your mobile number.

  3. Provide the details of your previous car insurance policy.

  4. Check your Nissan insurance renewal premium.

  5. Make the payment online and download a copy of your renewed Nissan insurance policy.

Read More: Car Insurance Renewal

 

Why is it Important to Have Car Insurance for Nissan Cars

It goes without saying that all Nissan owners are in love with their car and can’t bear to see even a scratch on it. While Nissan comes with top-notch safety features and is effortless to drive, there are always certain risks that you will be exposed to. What if your car gets damaged during a natural calamity? The repair or replacement cost for such damages can go up to ₹1 Lakh, or even more! In the absence of adequate Nissan insurance, these expenses can easily burn a hole in your pocket. Buying a Nissan insurance policy will protect your finances by paying for a major part of the repair/replacement costs. Moreover, it is mandatory to have a car insurance plan to drive on Indian roads.

Types of Nissan Insurance Plans You Can Choose From



  • Third-Party Car Insurance

A third-party car insurance is mandatory by law under the Motor Vehicles Act, 1988. However, such policies only cover third-party liabilities. The coverage of third-party car insurance plans is not extended to you or your Nissan car. Hence, the premium charges for these plans are easy on the pocket.
If you are looking for an extensive cover for your Nissan vehicle, it is recommended to buy a comprehensive car insurance policy.

 

  • Comprehensive Car Insurance

A comprehensive car insurance plan will cover third-party liabilities as well as damages to your own Nissan vehicle. Hence, the premium for a comprehensive insurance plan is higher compared to third-party car insurance. You can also extend the scope of coverage for your comprehensive car insurance policy with multiple add-on benefits.

 

What Does Your Nissan Car Insurance Include

Third party car insurance covers any injuries/death or damages to a third party that is caused by your insured Nissan vehicle. Comprehensive car insurance policies include third-party liabilities, damages caused to your vehicle due to natural/man-made calamities, accidental damages, etc.

What Does Your Nissan Car Insurance Exclude

Some of the expenses that are excluded from your Nissan car insurance are damages caused due to malicious activities, overspeeding, damages incurred outside the stated geographical region, damages caused by or contributed due to nuclear weapons, etc.

Add-On Covers to Upgrade Your Nissan Insurance

When buying comprehensive car insurance for your Nissan vehicle, you can purchase add-on covers that can provide extensive protection to your four-wheeler. Some of these add-on covers are:

  • Zero Depreciation


With this zero depreciation cover, depreciation of the external parts of your car is not factored in during claim settlement.

  • Accessories Cover


This covers the damages incurred to your Nissan car’s accessories in case of any mishap.

  • Consumable Expenses Cover


This Consumable cover, covers the costs incurred for the repair/replacement of consumables like engine oil, gearbox oil, nuts and bolts, screws, washers, AC gas, etc. in your Nissan car.

  • Engine Protector


This Engine Protection cover, covers any engine damage caused due to lubricating oil leakage, water seepage, or any such incidents.

 

Read more: Add-on Covers in Car Insurance

 

All You Need to Know to File a Claim for Your Nissan Car Insurance

Now that you know the basics of Nissan insurance, it is now time to understand how claims are registered. Typically, we have two ways to register a claim for your Nissan car insurance:

  • Claim Cashless Car Insurance for Nissan Cars

 

A cashless claim is a facility where you can get your damaged car repaired at the nearest network garage. The insurance company will directly take care of these repair expenses with the garage. 

  • Claim Reimbursement for Nissan Cars

 

Here, you can get your Nissan car repaired at any garage of your choice, pay for the repair expenses, and raise a reimbursement claim against your policy. The settlement amount will be transferred to your bank account (after subtracting deductibles, if applicable) once the claim is approved. 

The documents that you will need to file a claim for your Nissan insurance are:

  • Nissan car insurance policy document

  • Nissan car details

  • Insurer details

  • Details of the incident

  • FIR copy in case of theft

  • Original bills of Nissan car repair

Read more: Car Insurance Claim Process

 

How can you Reduce the Nissan Car Insurance Cost

Here are some tips to reduce the Nissan insurance cost:

  • Maintain Your Nissan Car


Your Nissan car insurance premium amount is decided on various factors, including the condition of your vehicle. Hence, ensure that you maintain your Nissan car in good condition.

  • Install Anti-Theft Devices in Your Nissan Car


You can lower the premium of your car insurance by installing anti-theft devices like gear locks, anti-theft alarms and steering locks, etc. in your Nissan car.

  • No Claim Bonus Rewards

Use your NCB in car insurance rewards and get a cost-effective renewal premium on your car insurance policy.

  • Don’t Claim Small Amounts

Avoid claiming your car insurance for inexpensive repairs to secure your No Claim Bonus (NCB) reward.

  • Compare Insurance Premiums Online


Always compare the car insurance premium quotes offered by various insurance companies before choosing the policy that is best suited for your needs!

In Conclusion

An unfortunate car accident or natural calamity can lead to huge financial expenses. In such cases, a car insurance policy for your Nissan four-wheeler acts as your financial cushion. So, if you are looking to get a Nissan car insurance policy, take a look at the Car Insurance Plans available at Bajaj MARKETS. You can also use the car insurance calculator to check the Nissan car insurance price for policies available on Bajaj MARKETS. This calculator helps you determine the premiums and compare the Nissan car insurance price of plans offered by other insurance companies as well. 

Check Out Car Insurance Plans Available at Finserv MARKETS

FAQs on Nissan Insurance

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

    Yes, it is mandatory to have a car insurance policy to legally drive your Nissan car on Indian roads. 

  • ✔️What will happen if I do not have car insurance for my Nissan car?

    If you are caught driving your Nissan car without a car insurance, you will be charged a traffic challan. As per the New Motor Vehicles Act, 2019, the penalty for driving a car without a valid car insurance is ₹2,000 and/or imprisonment up to three months for the first offence. You will be charged ₹4,000 and/or imprisonment of up to three months for subsequent offences.

  • ✔️What is the ideal insurance coverage for a Nissan car?

    The ideal insurance coverage for a Nissan car is the one that offers adequate coverage at a low premium. You can also consider add-on covers to enhance your basic car insurance policy based on your requirements.

  • ✔️Is Nissan car insurance cost in India expensive?


    No, the Nissan car insurance price in India may not be very expensive. You can use the car insurance premium calculator on Bajaj MARKETS to determine the Nissan insurance price based on your required coverage and add-on covers.

  • ✔️What is IDV in Nissan car insurance?

    IDV, or Insured Declared Value, is the market value of your Nissan vehicle that is agreed upon by the insurance company and you. The IDV of your vehicle lowers with its age due to depreciation.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!