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About Toyota

Toyota Motor Corporation is a leading car manufacturing company, founded on 28 August 1937 in Toyota city, Aichi, Japan. In the year 2012, Toyota created headlines when it became the world’s first automobile company to manufacture more than 10 million vehicles per year. Toyota Motors produces cars under five different brands: Toyota, Ranz, Hino, Daihatsu, and Lexus. The company is also a pioneer in hybrid electric vehicles. In January 2017, its Lexus Hybrid car model achieved a milestone of 10 million.

Toyota Motor Corporation affiliated partnered with the Kirloskar Group in the year 1997 to enter the Indian automobile market. Since then, the company has managed to become one of the top-five car manufacturers in the country, catering to over 1 million customers.

Popular Toyota Car Models in India

  • Land Cruiser: Perhaps the most ambitious model by the brand, the Toyota Land Cruiser has a starting price of Rs. 1,46,99,000 in India. Its engine boasts of a displacement capacity of 4461 cm3 and a maximum torque of 650 Nm. The Toyota Land Cruiser comes with new grille and hood design with stylish features such as Bi-LED projector headlamps with DRL and LED Clearance lamps, alloy wheels, spacious moon-roof and 4-zone air conditioning.

  • Prius: The car is one of the top-selling luxury cars in the city. It has a hybrid engine with a displacement of 1798 cm3 and a maximum torque of 142 Nm@ 3600 rpm. Starting at Rs.45,09,000, the car is available in 7 different colours in India. Its futuristic exterior design is a perfect complement to its high-end interiors. The new Prius comes with a large touch-screen system with centrally mounted console, multi-functional steering wheel, keyless entry and start, and a digital climate control system in its interior.

  • Innova Crysta: Innova Crysta has both petrol and diesel engine type with a displacement of 2694 cc and 2393 cc respectively. Now you can choose between Eco and Power Drive modes while driving with its latest update. Its exteriors boast of impressive 3D trapezoidal designs, available in 6 different colours. The basic price starts at Rs. 15, 67,000.

  • Etios Liva: Perhaps one of the most affordable models, the Etios Liva starts with a basic price of Rs. 5,34,500. The engine type is available in two variants: a powerful 1.4L diesel engine and a 1.2L DOHC petrol engine. Etios offers best-in-class cabin space along with features such as electrically fordable ORVMS, digital tachometer and analog speedometer with graphics illumination.

Why is it Important to Insure Your Toyota Car?

A high-end Toyota car should also be protected with an all-around car insurance policy. A Toyota car insurance plan will cover sudden expenses arising from unforeseen events such as theft, accidents, and damages due to natural or man-made disasters. The policy also covers you against third-party liabilities. Moreover, it is mandatory by law to have a valid third-party car insurance policy to legally drive on Indian roads.

So, to enjoy joyous and carefree long drives in your Toyota car, it’s essential to get an appropriate Toyota insurance policy for it.

Types of Toyota Car Insurance Plans

Any Toyota insurance available in the market is of two types:

  • Third-Party Toyota Car Insurance Plan

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 cheap on the pocket. The coverage protection is not extended to you or your Toyota car in any unfortunate event. If you are looking to buy an extensive cover for your vehicle, it is recommended to buy a comprehensive Toyota car insurance policy.

  • Comprehensive Toyota Car Insurance Plan

A comprehensive car insurance plan for Toyota cars will cover third-party liabilities as well as damage to one's own vehicle. The plan has a relatively higher premium as compared to third-party car insurance. Moreover, you can extend the scope of your comprehensive car insurance policy with add-on benefits. Having comprehensive Toyota insurance ensures that your vehicle is protected against unfortunate events at all times.

Toyota Car Insurance Price for Popular Toyota Car Models

Toyota Insurance Policy Cost

Sr No.

Toyota Car Model

Engine (cc)

Third-Party Rates

(Without GST)

Third-Party Rates

(GST Included)

1

Toyota Land Cruiser

4,461

 7,890

 9310

2

Toyota Prius

1,798

 7,890

 9310

3

Toyota Innova Crysta

2,393

 7,890

 9310

4

Toyota Etios Liva

1,197-1,364

 3,221

 3801

5

Toyota Fortuner

2,694-2,755

 7,890

 9310

Why Choose Finserv MARKETS for Toyota Car Insurance?

Besides monetary compensation for the damages caused to your Toyota Car, buying a Car Insurance with Finserv Markets will give you the following benefits:-

  • Trusted Financial Advisor Companion

Finserv Markets offers a variety of four-wheeler insurance plans. With over 100 million customers trusting the brand, be rest assured that you are applying for a car-insurance at the right place.

  • No Third Party Involvement

You do not have to go to any third party during any step of the insurance application/renewal process. The elimination of any third party involvement ensures faster processing of your claim request.

  • 24x7 Availability

Our customer care executives are available round the clock to provide you with assistance. In case you have any query regarding your claim process, feel free to reach us on our toll-free number- 1800-209-5858.

  • Network Garages

With our four-wheeler insurance coverage, you can avail cash-free servicing at over 4000 garages spread across India.

  • Insurance Wallet

For instant claim settlement, up to Rs. 20,000 use our Motor OTS claim settlement wallet.

Additionally, to check the car insurance premiums for policies available on Finserv MARKETS, use our car insurance calculator. The tool helps you determine the different premium costs for various plans and also compare the prices of Toyota car insurance plans offered by other insurers. That way, you will be able to make an informed decision.  

Inclusions in Toyota Car Insurance Policy

Your Toyota Car Insurance provides coverage for:

  • Any loss or damage to your Toyota car due to natural calamities

  • Any loss or damage to your Toyota car due to vindictive man-made actions

  • Any loss or damage to your Toyota car due to theft

  • Repair/Replacement costs

  • Expenses for injuries sustained by self or rider

  • Third-party legal liability

Exclusions in Toyota Car Insurance Policy

Your Toyota Car Insurance policy does not provide coverage for:

  • Normal wear and tear over time

  • Any damage caused to your Toyota when driving without a valid license

  • Any damage caused to your Toyota while driving under the influence of drugs or alcohol

  • Any damage caused when the Toyota car insurance is not active/lapsed

  • Mechanical or electrical breakdown of your Toyota car

  • Third party related damages caused when-

  • Driving without a valid license

  • Driving when under the influence of any intoxicant

  • Damages arising out of theft, sabotage, or when the four-wheeler insurance policy is not active.

Add-On Covers for Your Toyota Car

When buying comprehensive car insurance for your Toyota 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 Toyota car 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 car. Zero depreciation cover allows you to receive the full amount in compensation.

  • Return To Invoice

Return to Invoice will ensure that you receive the invoice value of your car in case it is lost/stolen. The invoice value is nothing but 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

Consumables include items used for the proper functioning of a vehicle’s engine and other parts. These items include 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.

How to Apply for Toyota Car Insurance Online?

Just follow the steps given below to apply for Toyota insurance online:

  1. Visit the ‘Car Insurance’ section on our website.

  2. Fill the application with the relevant details.

  3. Choose the Toyota car insurance plan of your choice.

  4. Complete the payment online.

  5. The policy will be issued in no time.

How to Renew Toyota Car Insurance?

To continue reaping the benefits of your Toyota insurance policy, renew the policy with us on Finserv MARKETS. Just follow the steps given below:

  • Visit Finserv MARKETS online.

  • Enter your registration number and contact details.

  • Check your Toyota car insurance renewal premium.

  • Make the payment online.

  • Download the policy copy.

Do not forget to avail the No-Claim Bonus (NCB) discount at the time of Toyota car insurance renewal. Note: NCB is earned on a claim-free policy term.

Toyota Car Insurance Claim Process

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

Typically, we’ve two types of Toyota car insurance claims:

  • Claim Cashless Car Insurance for Toyota Cars:

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

  • Claim Reimbursement for Toyota 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).

Steps to Claim Toyota Car Insurance Online

The claim settlement process for Toyota cars at Finserv MARKETS is easy. Just follow the steps below:

Process for Filing Cashless Claims for Toyota Cars

  1. Register the claim & inform the insurer. You may do so by calling their toll-free number or by visiting their website.

  2. Get your car repaired at the nearest network garage.

  3. Submit all the required documents.

  4. Once the documents are verified, your insurer will settle the claim directly with the network garage.

Process for Filing Reimbursement Claims for Toyota Cars

  1. Inform the insurer about the damage.

  2. File an FIR in case of vehicle damage due to third-party or theft.

  3. Submit a copy of the FIR along with other documents.

  4. Get your car repaired at any nearest garage at your expense.

  5. Submit the original bills and payment receipts to the insurer.

  6. You will be reimbursed after the documents are verified and the claim is approved.

Documents Required for Toyota Car Insurance Claim

Take a look at the important documents that you will need to claim your Toyota insurance:

  • Toyota car insurance policy document

  • Toyota car details

  • Insurer details

  • Details of the Incident

  • FIR copy in case of theft

  • Original bills and receipts of the vehicle repair

Check Out Car Insurance Plans Available at Finserv MARKETS

FAQs

  • ✔️Is it mandatory to buy car insurance for my Toyota car?

    Yes. A third-party car insurance policy is mandatory by law under the Motor Vehicles Act, 1988, to legally drive on Indian roads.

  • ✔️Can I get Toyota car insurance for less than a year?

    No. Toyota insurance plans on Finserv MARKETS provide a minimum coverage of one year.

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

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

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

    The penalty for driving your car without valid Toyota car insurance 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 Toyota car insurance expensive?

    No; you can even use the car insurance premium calculator to determine the cost of the policy based on the coverage and add-on covers required.  

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