Volvo Insurance in India

Initially started as a subsidiary of a Swedish ball-bearing producer, Volvo is now a global automobile manufacturing company. Numerous Volvo car models have a 5-star safety rating at the NHTSA and the European NCAP crash tests. The luxurious Volvo car ex-showroom prices start at ₹43.25 Lakhs and go up to ₹90.90 Lakhs. However, every vehicle on the road is at constant risk. Then whether or not you are an expert driver, you cannot afford to put your prized possession at risk, making Volvo insurance a must-have. In this article, let’s look at the Volvo car models and the insurance quotes.

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Volvo Car Insurance Price for Popular Models

Here are some top Volvo car models that are available in India and the car insurance premium rates:

Volvo Car Models

Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium**

FY 2022-23

 

(effective 1st April, 2022)

Volvo XC90

₹90.90 Lakhs

Petrol

₹ 7,897

Volvo XC60

₹63.50 Lakhs

Petrol

₹ 7,897

Volvo XC40

₹43.25 Lakhs

Petrol

₹ 7,897

Volvo S90

₹76.31 Lakhs

Petrol

₹ 7,897

Volvo S60

₹54.11 Lakhs

Petrol

₹ 7,897

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


**Third-party premium rates are indicative. The actual Volvo insurance price in India 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 Opt for Volvo Insurance Online With a Few Steps!

You can choose to buy Volvo car insurance at lucrative prices in the following way:

 

Step 1: Visit the ‘car insurance premium calculator’ page on the Bajaj MARKETS website.

 

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

 

Step 3: Provide the required information in the application form.

 

Step 4: Pick the car insurance that suits your needs.

 

Step 5: Make an instant online payment.

 

Step 6: Your insurance policy will be sent to your email address.

How to Renew Volvo Insurance Online in No Time

Continue securing your Volvo car with the right insurance plan:

 

Step 1: Visit the ‘car insurance renewal’ page on your insurance provider’s website.

 

Step 2: Enter your registration number and mobile number.

 

Step 3: Provide your previous policy details.

 

Step 4: Check your renewal premium.

 

Step 5: Make an online payment.

 

Step 6: Download your insurance policy copy.

 

Read More: Car Insurance Renewal

Why Secure Your Volvo Car With Insurance?

Volvo makes high-end luxurious cars which is why getting them insured is of utmost importance. Could you even imagine recovering the cost of your totalled Volvo without insurance? In the case of an untoward event, replacing your vehicle with a brand new Volvo could cost you more than ₹50 lakh. Car insurance not only covers your own damage but also offers add-ons such as passenger cover to financially secure your loved ones! Enabling you to drive legally on Indian roads, comprehensive car insurance eliminates the financial cost arising out of liabilities on the road.

Why Should You Opt for Comprehensive or Third-Party Car Insurance?

  • Third-Party Car Insurance

Under the Motor Vehicles Act, 1988, the third-party cover is mandatory to drive legally in India. You can gain coverage against loss incurred by the third-party, accidental injuries, etc. But the important drawback of the plan is that it doesn’t cover the damage caused to your own vehicle.

  • Comprehensive Car Insurance

Comprehensive insurance provides 360-degree coverage to your prized possession against any peril. This includes calamities, fire, explosions, theft, third-party liabilities, etc. Even though the comprehensive Volvo insurance prices are higher in comparison to third-party cover, you can have peace of mind when it comes to your car!

What’s Covered Under Car Insurance

Third-party car insurance covers loss or damage incurred by the third party, bodily injuries, death of the victim and a personal accident cover. Furthermore, comprehensive Volvo insurance includes own damage, calamities, theft, third-party cover, etc.

What’s Not Covered Under Car Insurance

The comprehensive Volvo insurance plans do not cover natural wear and tear of the vehicle, mechanical or electrical breakdown, damage resulting from malicious activities, loss caused due to drunk driving, etc.

Must-Have Add-On Covers With Your Volvo Insurance

You can combine your Volvo car insurance policy with the following add-on covers for additional features. However, the add-ons may vary based on the insurer:

  • Return to Invoice Cover

Get the invoice value of your Volvo car and financially secure yourself in case of total damage or theft of the vehicle. The return to invoice add-on offers you the rightful compensation for your precious four-wheeler.

  • Roadside Assistance Cover

With roadside assistance cover, you shall never be stranded without help on your scenic getaway. Be it battery jumpstart, spare tyre or emergency fuel delivery, such an add-on includes all!

  • Engine Protection Cover

Ensure the expenses of repair or replacement of your Volvo car engine parts are covered under your insurance plan with the engine protection add-on cover!

  • Lock & Key Replacement Cover

The cost of replacing the locks of your Volvo and getting new car keys is covered under the lock & key replacement cover.

 

Read more: Add-on Covers in Car Insurance

File a Claim Under Your Volvo Insurance

You can keep the following documents ready while raising an insurance claim:

 

  • Volvo car insurance policy

  • Insurer details

  • Information regarding the vehicle

  • Registration Certificate

  • Details of the incident

  • Original bills and receipts of the vehicle repair

  • FIR copy in case of theft

There are two types of Volvo insurance claims:

  • Cashless Claim Under Car Insurance

By taking your Volvo to a cashless network garage, you won’t have to pay for the repair expenses of your car. The insurance provider will directly settle the bill with the garage and you only need to clear the applicable deductibles.

  • Reimbursement Claim Under Car Insurance

Under reimbursement claim, you can take your vehicle to a garage that isn’t associated with the insurer. But you must pay for the repair expenses from your pocket and later file a claim.

 

Read more: Car Insurance Claim Process

How to Reduce Volvo Insurance Premium

Avail a lower Volvo car insurance premium cost with these insider tips:

  • Install Anti-Theft Devices

You can enjoy a reduced car insurance premium by choosing to install ARAI (Automotive Research Association of India) approved anti-theft devices in your vehicle. So, make sure you do not miss out on such an opportunity!

  • Make Use of NCB

You can be eligible for a lower Volvo insurance price by securing a No Claim Bonus. By not making any claims throughout the policy period, you shall be rewarded with a bonus on your renewal premium.

  • Compare Premiums Online

To get the best possible car insurance plan at an affordable rate, you must compare quotes online. This will enable you to get a policy that fits your budget and offers maximum coverage.

  • Cover Small Claims

If you want to retain your NCB reward, it is crucial that you avoid making inexpensive claims. However, this is not recommended in case the claim amount is high and if you cannot afford it.

The Final Verdict!

Though certain Volvo car models have been discontinued, you can still opt for car insurance for such models with Bajaj MARKETS. With our comprehensive car insurance plan, you can protect your Volvo against unforeseen accidents, theft, and loss due to natural and human-made disasters.

 

Moreover, having car insurance can come in handy during a mishap as you do not have to drain your savings for the repair work. To check the car insurance premiums for policies available on Bajaj MARKETS, use the car insurance calculator.

Check Out Car Insurance Plans Available at Bajaj MARKETS

 

FAQs on Volvo Car Insurance

  • ✔️Can I declare a different IDV for my Volvo car?

    No. It is advised to declare the right Insured Declared Value (IDV) of your Volvo car to get maximum coverage in the event of an accident.

  • ✔️Should I carry my Volvo car insurance policy papers while driving?

    Yes. It is vital to carry a valid Volvo car insurance plan while driving your vehicle.

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

    Yes, you can easily switch from your current insurer to another insurance provider through Bajaj MARKETS and renew your Volvo insurance policy.

  • ✔️Can I opt out of buying third-party car insurance?

    No. Third-party car insurance is mandatory under the Motor Vehicles Act, 1988, and thus, you cannot opt out of it.

  • ✔️Does Bajaj MARKETS provide coverage to discontinued Volvo models?

    Yes, you can easily cover your Volvo car model on Bajaj MARKETS without any trouble!

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