Skoda Car Insurance in India

Buying Skoda car insurance is imperative if you want to keep your four-wheeler protected against unforeseeable threats like accidents, theft, natural calamities, and more. A comprehensive plan offers much-needed financial assistance against the aforementioned perils. It also allows you to enhance your insurance coverage with add-on covers like return to invoice cover, zero depreciation cover, 24x7 roadside assistance, etc. Continue reading this article to understand the ins and outs of Skoda car insurance in India.

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About Skoda Car Insurance

Skoda is a Czech Republic-based auto manufacturer and is counted among the world’s oldest car manufacturers. In India, Skoda car price ranges between ₹9 lakh to ₹41.92 lakh (Skoda on-road price) with models like Skoda Rapid, and Skoda Kodiaq earning a 5-star safety rating by ANCAP. Even though they are highly rated in safety, unfortunate accidents or natural calamities are out of anyone’s control. In case of an accident, the cost of Skoda car repairs can be very high and deplete your savings. However, you can avoid these heavy financial losses by buying comprehensive Skoda car insurance. So in this article, we’ll take a look at Skoda car insurance options and the process to buy them.

Skoda Car Insurance Price for Popular Models

You can take a look at the Skoda insurance cost for the various Skoda models in the table given below:

Skoda Car Model

Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium*

(Rs.) FY 2022-23

(effective 1st April, 2022)

Skoda Kushaq

₹10.99 - 18.19 Lakh*

Petrol

₹ 3,416

Skoda Kodiaq

₹34.99 - 37.49 Lakh*

Petrol

₹ 7,897

Skoda Rapid TSI

₹11.99 - 13.49 Lakh*

Petrol

₹ 2,094

Skoda Superb

₹32.85 - 35.85 Lakh*

Petrol

₹ 7,897

Skoda Octavia

₹26.29 - 29.29 Lakh*

Petrol

₹ 7,897

Disclaimer: *The ex-showroom prices are for Delhi and are subject to change based on the city.

 

**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 Skoda Car Insurance Online in Minutes

Here are the steps you can follow to buy Skoda car insurance online at Bajaj MARKETS:

 

Step 1: Go to the car insurance premium calculator.

 

Step 2: Enter your car registration details and brand/model information on the calculator form along with other personal information required.

 

Step 3: A set of Skoda car insurance options will appear on the website.

 

Step 4: Choose a Skoda motor insurance plan that suits your needs.

 

Step 5: Pay the online insurance premiums for your chosen plan.

 

Step 6: Your Skoda insurance plan will be activated and the details will be sent to your registered email.

How to Renew Your Skoda Car Insurance Online

 

If your Skoda car insurance is about to expire, you can follow the given steps to renew your Skoda car insurance online:

 

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

 

Step 2: On their renewal page, enter the existing policy details of your Skoda car along with any other information required.

 

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

 

Step 4: Pay the online premiums for the insurance renewal.

 

Step 5: Your Skoda car insurance will shortly be renewed.

 

Read More: Car Insurance Renewal

 

Why is it Important to Have Skoda Insurance?

While Skoda Cars are exceptionally easy to drive and come with top-notch safety features, there are always certain risks that they will be exposed to. Even if you drive with the utmost care, accidents can happen due to the fault of others. The repair and replacement costs for all such damages might go as high as ₹1 lakh - ₹2 lakh and sometimes even more than that. A comprehensive car insurance policy will protect your car against all such risks by compensating for the damages caused to your vehicle. Besides, having at least third-party car insurance is mandatory in India under the Motor Vehicles Act, 1988.

Types of Skoda Car Insurance Plans to Choose From

  • Third-Party Car Insurance

Having third-party car insurance is mandatory by law in India under the Motor Vehicles Act, 1988. It covers only third-party liabilities, and hence, the premium charges are also cheaper. The coverage protection is not extended to you or your Skoda car in any unfortunate event. Therefore, If you are looking to buy an extensive cover for your vehicle, it is recommended that you should buy a comprehensive Skoda car insurance policy.

  • Comprehensive Car Insurance

A comprehensive car insurance plan for Skoda cars will cover third-party liabilities and damage to your own vehicle as well. You can also extend the scope of your comprehensive Skoda car insurance policy with various add-on benefits. The comprehensive plan has a higher premium as compared to third-party car insurance. However, having comprehensive Skoda car insurance will keep your vehicle protected against unfortunate events at all times.

What is Covered Under Skoda Car Insurance?

Third-party Skoda car insurance covers only damage to the third-party vehicle, physical injuries, and death. A comprehensive Skoda car insurance covers self-damage, theft, man-made or natural disasters, third-party losses and personal accidents as well.

 

What is Not Covered Under Skoda Car Insurance?

Some of the exclusions of your Skoda car insurance are any damage caused due to speeding, riding someone else’s car, riding under the influence of alcohol, damage caused outside the designated geographical area in the insurance policy, and claims arising from contractual liability, etc.

 

Add On Covers to Get the Most Out of Your Skoda Car

While getting comprehensive car insurance for your Skoda car, you can buy various additional covers to provide extensive protection to your vehicle. These add-ons are optional, and you can choose the best suited for your vehicle.

 

  • Zero Depreciation Cover

Depreciation is not considered during a settlement under a zero-depreciation car insurance add-on. Zero depreciation cover allows you to receive the full market price of the car parts as compensation.

 

  • Accessories Cover

Any damage caused to your Skoda car accessories will be covered in the accessories cover add on.

 

  • Consumable Expenses Cover

Expenses for consumables like engine oil, coolant, etc. that are used for the proper functioning of a vehicle’s engine and other parts are covered under this add on.

 

  • Engine and Tyre Secure Cover

Your car engine and tyres are covered in this add on. In case of any replacement or repair, you will be compensated for the expenses. Engine damages that are usually not covered under general car insurance will be covered under this add-on.

 

Read more: Add-on Covers in Car Insurance

Claim Process of Skoda Car Insurance

Take a look at the important documents required for claiming your Skoda car insurance:

 

  • Skoda insurance policy document

  • Skoda car details

  • Insurer details

  • Details of the Incident

  • FIR copy, in case of theft/vandalism

  • Original bills and receipts of the vehicle repair

 

Skoda car insurance provides all-around protection in case of any unfortunate accidents, car theft, etc. While getting Skoda car insurance is the first step to having this security, the next important step is understanding how these claims are registered.

 

There are two ways to claim Skoda car insurance:

 

Claim Cashless Car Insurance for Skoda Cars

With this type of claim, you can get your Skoda car with accidental damages repaired at any network garage that is close to your location. The insurer will directly settle the expenses with the garage.

 

Claim Reimbursement for Skoda Cars

Here, you can get your car fixed at your preferred garage, pay the expenses, and then raise a reimbursement claim. After the claim is approved, the settlement amount is transferred to your bank amount.

Read more: Car Insurance Claim Process

How to Reduce Your Skoda Insurance Cost

Given below are some of the tips using which you can reduce your car insurance premium.

 

  • Cover Small Claims

By paying for any small claims from your own pocket, you can reduce the premium price required to pay.

 

  • Use Anti Theft Devices

By installing anti-theft devices in your car, you can add extra security to your vehicle as well as lower the insurance premium prices. You should always install any such devices authorised by the Automotive Research Association of India (ARAI).

 

  • Avail No Claim Bonus

You can get this bonus by making zero claims throughout the policy tenor. Use these bonus rewards and get a cost-effective renewal premium for your Skoda car insurance.

 

  • Proper Maintenance

As your Skoda car insurance premium is decided on various factors including the condition of your car, you should take care of your car and keep it in mint condition.

 

Conclusion

Even though Skoda cars are built well and are high on safety, an unfortunate accident or natural calamities are out of your control. To get financial stability and avoid any loss, you should get your Skoda car insured with a good insurance policy. Choosing the right Skoda car insurance plan is also an essential step that will further protect you financially in case of accidents, theft or loss due to man-made or natural disasters. You can take a look at the various Skoda car insurance plans and Skoda prices for insurance at Bajaj MARKETS.

Check Out Car Insurance Plans Available at Bajaj MARKETS

 

FAQs on Skoda Car Insurance

  • ✔️What is the Skoda car price?

    Skoda car rate ranges between ₹9 lakh to ₹41.92 lakh (Skoda on road price) depending on the Skoda models.

  • ✔️Can I increase the IDV of my Skoda car?

    Yes, you can increase the insured declared value(IDV) of your car by paying a higher premium.

  • ✔️How many models of Skoda are there?

    In India, there are a total of five Skoda models, out of which, 3 are sedans and 2 are SUVs. The three sedans are Skoda Rapid TSI, Skoda Superb, Skoda Octavia and the SUVs are Skoda Kodiaq and Skoda Kushaq.

  • ✔️Do I need to have my Skoda car insured?

    Yes, it is mandatory in India to have third-party car insurance to drive legally on Indian roads.

  • ✔️What happens if I don’t have Skoda car insurance?

    If you are caught driving without valid Skoda car insurance, you will be charged a traffic challan. You will be fined ₹2,000 and/or face imprisonment up to three months for the first offence. After that, you will be charged ₹4,000 and/or imprisonment of up to three months for subsequent offences.

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