Mitsubishi Car Insurance
Mitsubishi Car Insurance
Mitsubishi, a Japanese automaker, is attempting to dominate Indian roads with some of its premium sedans and SUVs. According to many users, Mitsubishi vehicles are dependable, long-lasting, and provide smooth performance.
If you own a Mitsubishi or are planning to purchase one, make sure you get a comprehensive car insurance policy. The policy covers damage to the vehicle caused by events such as earthquakes, floods, vandalism, fire, and theft. You can get the car's complete value if there is irreparable damage, and you have purchased the return to invoice rider. The third-party portion of the insurance covers legal liabilities incurred by anyone other than the driver or passengers of the Mitsubishi vehicle.
Mitsubishi Car Insurance Renewal/Buy via Tata AIG
Mitsubishi models have numerous advanced features, and the cost of maintaining and repairing them is high. If you own this model and intend to take it on a trip, make sure it is insured. In the event of lapsed or solely third-party coverage, Tata AIG provides immediate coverage. Here is how:
Go to the official website of Tata AIG. Select insurance for a 4-wheeler from the product category.
On the next page, you will see "Renew" and "Get Price" as two choices.
Tap "Renew" if you are here for renewal of Tata Mitsubishi insurance. After that, provide a vehicle registration number and then click the "Renew" option.
New customers should click on "Get Price" and then share their Mitsubishi registration number on the new page before clicking on "Get Price."
Fill out the renewal/purchase application form with the necessary details.
Calculate your Mitsubishi's Insured Declared Value (IDV) using a car insurance calculator and enter the result by selecting it from the drop-down menu.
Give specifics about your previous claims. In the event of a claim-free policy year, use your No Claim Bonus (NCB) to receive a premium discount of 20-50%.
You will now see the applicable premium for the policy you selected. In the case of comprehensive and OD coverage, you can also select riders here for a small fee.
Finally, pay by selecting one of the many digital transaction modes displayed on the screen.
After completing the successful transaction, you will receive a soft copy of the policy in your mailbox. If the online process appears too complex, you can buy offline through AIG's nearest branch in your city or by contacting a registered motor insurance agent. However, keep in mind that the offline process may cost you a little more due to the involvement of a middleman and the stringent paperwork process.
Mitsubishi Car Insurance Price – Your Premium Amount
Insurers provide three types of Mitsubishi motor insurance: comprehensive, third-party liability, and standalone own-damage coverage. Comprehensive insurance covers vehicle damage and third-party legal liabilities that arise from your Mitsubishi's involvement.
Third-party insurance provides only minimal protection and excludes coverage for vehicle damage. However, it is mandatory by law. OD cover offers financial protection against your car's repair bills, but it is only effective when purchased with third-party coverage.
The prices for the above coverage vary significantly. When it comes to third-party insurance, the Insurance Regulatory Development Authority of India (IRDAI) determines the premium based on the engine capacity of the vehicle. Your policy's OD portion price is set by the motor insurer. They determine the price after reviewing the car's make and model, manufacturing year, previous claims, and IDV. As a result, the premium for the same model varies for different policyholders.
Among all the factors that your insurer considers, IDV is critical. It is the maximum compensation you are entitled to in the event of damage exceeding 70% or theft. IDV is calculated by subtracting depreciation from the purchase price and can be found using an IDV calculator. However, keep in mind that if your car has a higher IDV, your insurance premium will be higher, and vice versa.
Add-ons for Mitsubishi Car Insurance by Tata AIG
A standard car insurance policy covers the majority of unforeseeable incidents that cause damage to your vehicle. In case your car is parked in the garage or outside and a natural disaster, such as an earthquake, strikes, causing damage to your Mitsubishi, your insurer will cover the repair costs. However, there are still many instances where the policy provisions are invalid. For example, if your personal belongings are stolen from your car, your standard policy will not be of assistance. Similarly, if water intrusion damages the engine or there is leakage in it, you will be responsible for the repair costs. However, if you have already invested in riders, you won't have to worry about previous scenarios.
Riders are optional coverage, meant for specific situations. If your Mitsubishi is insured with AIG, you can pick from twelve different add-ons. These are–
Roadside assistance cover
Add-on for No Claim Bonus protection
Daily allowance cover
Key replacement cover
Add-on for emergency hotel expenses and transport
Add-on for repairs of plastic, glass, and fibre parts
Engine secure cover
Tyre secure cover
Add-on for consumables expenses
Rider for loss of personal belongings
Return to Invoice cover
Zero depreciation cover
Things Covered and Not Covered under Tata AIG’s Mitsubishi Car Insurance
Motor insurance provisions for four-wheelers differ from one insurer to the next. They all have their own claim settlement process, offer slightly different riders, and the coverage amount varies. Given this, you will have difficulty filing a claim if you do not read the policy wording and learn about the inclusions and exclusions.
If you have Tata AIG motor insurance for your Mitsubishi vehicle, the details of what is and what is not covered are explained below.
|What is covered?||What is not covered?|
|Mitsubishi motor insurance compensates for damage caused by floods, cloudbursts, tsunamis, earthquakes, landslides, and similar natural disasters.||Tata AIG is not liable for claims arising from consequential loss, normal wear and tear, mechanical faults, or electrical breakdowns.|
|You are entitled to reimbursement if the claim is for self-ignition, fire, lightning, and damage caused by explosions.||Tata AIG has specified the geographical boundaries within which the policy is valid. If you drive outside of the defined areas and sustain damage, the policy becomes null and void.|
|Mitsubishi car insurance is liable to pay for damage due to human-caused disasters like vandalism, terror attacks, and riots.||Your Mitsubishi car insurance does not cover losses resulting from biological weapon attacks, nuclear perils, or other war-like situations.|
|Theft of your Mitsubishi is compensated up to IDV if the entire vehicle is stolen and not merely its tyres, steering wheel, or seats.||No claim will be accepted if your Mitsubishi is damaged while speed testing, engaging in illegal activities, or racing.|
|If you transport your vehicle by rail, air, or water, damage sustained during the transit is part of the coverage.||Tata will not settle claims for damage to your Mitsubishi if it only has third-party coverage and not comprehensive coverage.|
|Tata AIG Mitsubishi insurance includes coverage for third-party legal liabilities. It comes in handy if other motorists or pedestrians on the accident scene are injured or lose property due to your vehicle.||Expect a claim denial if the driver of your vehicle is found intoxicated with alcohol over the permissible limit at the scene of an accident.|
|Tata AIG insurance includes personal accident coverage, which comes to the rescue if the accident results in the death or injury of the insured driver. Depending on the situation, Tata pays out a lump sum to the beneficiary or policyholder.||If the driver of your Mitsubishi is driving without a valid driver's licence and collides with another vehicle, not only will the claim be denied, but he will also be penalised.|
Why is it Important to Have Tata AIG for Your Mitsubishi Car Insurance?
Mitsubishi may be loaded with features, but you can't deny that their service centres are limited. Repairing your damaged car will deplete your savings if you do not have insurance. Therefore, choosing your insurer wisely becomes even more crucial in this situation.
Here are the top reasons why Tata AIG is ideal for Mitsubishi.
Tata AIG provides customer-centric services, as evidenced by the fact that they have served over five crore customers to date. Furthermore, the company is always striving to improve its products and services and make them available in underserved areas of the country.
If you always choose insurers based on their claim settlement ratio, Tata AIG, with a percentage of 98, should be your first choice. The company has a quick reimbursement process, all thanks to its claim support team of 650 executives.
The standard policy provisions do not apply in all scenarios. Given this, Tata AIG allows you to broaden your coverage by selecting from twelve different add-ons.
Tata allows you to take advantage of 50% lower insurance premiums by driving carefully and accumulating NCB.
Drive stress-free across the country with Tata AIG, and if any damage occurs, the company will take care of it by providing cashless repairs at over 8700 garages.
Overview - Mitsubishi Car Models
Mitsubishi is a Japanese automaker with eight vehicles attempting to make a place in the Indian four-wheeler market. This brand's most well-known vehicles are the Pajero and Montero. The latter has a 3200 cc engine with four cylindrical inline pistons. It has a five-speed automatic transmission and all-wheel drive. Montero has a front suspension with double wishbone coil springs and a stabiliser bar. The rear suspension is made up of multi-link coil springs and a stabiliser bar.
The other technical aspects of Mitsubishi's Montero are:
ARAI-certified mileage of 11.56 km/litre
Maximum torque of 202 PS @ 3800 rpm
Maximum power of 202 PS @3800 rpm
Boot space of 1050 litres
Kerb weight of 2335 kg
Ground clearance of 235 mm
Fuel tank capacity of 88 litres
Mitsubishi Car Price in India and its Variants
Mitsubishi provides vehicles ranging from sedans to premium SUVs. In India, it currently sells eight models. The Lancer is the entry-level model, and it costs Rs 7,33,000. The top model, Montero, can be purchased for Rs 67,88,000. The table below provides more information on the pricing of Mitsubishi models.
|Mitsubishi Cedia||Rs. 8,24,000|
|Mitsubishi Challenger||Rs. 20,25,000|
|Mitsubishi FTO||Rs. 8,24,000|
|Mitsubishi Lancer||Rs. 7,33,000|
|Mitsubishi Lancer Evolution X||Rs. 49,95,000|
|Mitsubishi Montero||Rs. 67,88,000|
|Mitsubishi Outlander||Rs. 26,93,000|
|Mitsubishi Pajero Sport||Rs. 23,91,000|
The above prices may vary by Indian states. Furthermore, they do not include additional charges, such as registration fees, road tax, and insurance.
Unique Selling Points: Mitsubishi Car Features
As said earlier, Mitsubishi's product lineup includes vehicles ranging from sedans to seven-seater SUVs. And each of its models is equipped with many high-end features that are undeniably its selling points. Still, we have discussed the features of Montero, the top model of this brand, to give you a brief idea of the USP.
The safety features of the Montero are undeniably good. There are six airbags in total, including curtain airbags and front passenger and driver-side airbags. You will also find hill assist, engine immobiliser, traction control, ABS and EBD, and door ajar warning.
The interior of this car includes a heated front seat, adjustable steering column, multifunction steering wheel, cruise control, USB and Aux-in, and all rows adjustable headrests.
Other features include an analogue instrumental console, multifunctional display, rain-sensing wipers, cooled glove box, and touch-sensitive infotainment screen.
Rivals of Mitsubishi Car
Mitsubishi has produced some remarkable vehicles over the years, including the Pajero and Lancer. They have a wide range of four-wheelers in their lineup. If you are looking for the manufacturer's main rival, the list is lengthy. The following are some excellent four-wheelers that compete with this brand.
Mahindra XUV 700
Maruti Suzuki Grand Vitara
Mahindra Alturas G4
Jeep Compass Trailhawk
BYD Auto E6 Electric
Hyundai Santa Fe
Other Health Pages
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
Frequently Asked Question
Q.1. How can I raise my Mitsubishi Insurance claim?
Mitsubishi's product lineup includes some notable vehicles. If you own one or plan to buy one, you should first learn about its features and insurance. In order to make things easier for you, we have addressed some frequently asked questions about Mitsubishi models.
The claim procedure varies from one auto insurance company to the next. In case your MG EV is insured by Tata AIG, you can settle your bills in four steps. These are:
Visit the Tata AIG official website and select car insurance from the product category before proceeding to the claim request page. Fill out the form by providing some basic information about your insurance policy, FIR (if the claim is for theft or accident), and registration number.
Next, the Tata AIG claim support executive will assign an inspecting officer to evaluate the nature and the extent of loss to your car.
After the surveyor completes the inspection, you can take your damaged vehicle to a nearby garage for repairs and maintenance.
Lastly, the claim support executive will go through the report and will also verify the specifics you mentioned on the application before processing the claim request.
Bear in mind that depending on the kind of claim request you are submitting, the settlement process varies significantly. For example, in the case of cashless claims, the insurer pays the bill amount directly to the bank account in the name of the garage. In contrast, the lender settles the raised invoice in 4-5 working days for reimbursement claims.
Q.2. What factors affect Mitsubishi Car Insurance’s price?
Even if the Mitsubishi model is the same, the insurance premium for each person varies. Before fixing the price, the insurer considers the following factors.
Manufacturing year Model and variant Sum-insured amount Place of registration Voluntary deductible amount Number of add-ons purchased Mode of insurance renewal/purchase
Q.3. How can I reduce the cost of my Mitsubishi Insurance premium?
You can minimise the premium by working on parameters that can help reduce claim frequency and the amount. Here are some actions you can take.
Get an anti-theft device and install it to your Mitsubishi model. It significantly reduces the likelihood of theft, allowing you to avoid an associated claim and retain the NCB. Follow traffic and road safety rules to keep yourself and your vehicle safe, which will help in claiming the NCB. Opt for a higher voluntary deductible. However, if you do so, your out-of-pocket expenses will increase at the time of settling repair bills. Never go for aftermarket modifications. Remember that a few of these are illegal, while the rest may degrade performance while increasing the policy premium cost. Pay close attention to riders because not all of them are relevant to your needs and will only increase the cost of your premiums.
Q.4. Is the Mitsubishi a good car?
Yes. Mitsubishi is known for its sedans and SUVs. The manufacturer's most well-known vehicle is the Pajero. The cars offered by them are well known for their advanced features, high speed, and excellent mileage. If you intend to keep this car for an extended period of time, make sure you have comprehensive car insurance.
Q.5. How can I renew my Mitsubishi car insurance with Tata AIG?
Tata AIG allows you to renew your policy in three ways: online, offline, or through an agent. You can purchase online by visiting a website and uploading your basic documents. In the event of an offline renewal, visit an AIG branch office or contact an agent. However, keep in mind that the online process is less expensive. The reason is the lack of middlemen and the lengthy paperwork.
Q.6. What is the starting price of the Mitsubishi car model?
Mitsubishi currently offers eight models. Lancer is the base model, with an exclusive showroom price of Rs. 7,33,000. The top model, Montero, will set you back Rs. 67,88,000. However, the prices mentioned here may vary depending on the state and a few other factors.
Q.7. Is buying motor insurance for a Mitsubishi mandatory?
Yes. You must have at least third party cover to drive a car on the road without facing any penalty. The bare minimum insurance is made mandatory under the Motor Vehicle Act of 1988. However, this insurance is insufficient to provide complete financial security. It only covers legal liabilities for third-party property or bodily harm. Damage to your Mitsubishi vehicle is not covered. Consider purchasing comprehensive insurance and supplementing it with appropriate riders.
Q.8. What does Mitsubishi Car Insurance No Claim Bonus mean?
The No Claim Bonus, or NCB, is a benefit you receive for not filing a claim for a single or multiple policy years. NCB's primary function is to reduce your premium by the percentage you have accumulated. If you do not file any claims in a single year, the NCB reward is 20%. It increases further to 50% for the five claimless years in a row. However, you are only eligible for NCB accumulation if you renew your insurance before the grace period expires. But we recommend that you renew your policy a few days before it expires.
9. What papers are necessary for raising a Mitsubishi car insurance claim?
The documents required to settle your repair bills differ between reimbursement and cashless claims. Here is a list of some crucial ones.
Copy of Mitsubishi car insurance policy Driver's license Claim request form (duly filled and signed) Registration certificate copy Original repair invoices FIR copy (mandatory if you are filing a claim for third-party liabilities or theft)
Q.10. Can my auto insurer refuse to renew my Mitsubishi car policy?
Yes. Your auto insurance company has the right to reject your renewal application or terminate your current policy on various grounds. Renewal may be denied if you conceal your information, submit inaccurate documents, falsify your previous claims, or the insurer discovers that the insured vehicle is being used for illegal purposes. Another reason for rejection is if you intend to use the vehicle in a location that is not covered by the insurer.