Fiat Car Insurance
Fiat Car Insurance
Fabbrica Italiana Automobili Torino (FIAT), founded in 1899 by Giovano Agnelli, is an Italian manufacturer of automobiles and remains the largest in Italy. The company has taken over millions of hearts and has been bestowed with the “European Car of the Year” award many times. Fiat’s relationship with India began in 1951 with the production of the Fiat 500 by Premier Automobiles Limited. Later, the company introduced Avventura, Punto Evo, Urban Cross, Linea Classic, Abarth Punto, etc.
If you own a Fiat car, insuring it with a suitable car insurance policy is vital to protect it from threats like natural disasters, theft, loss, accidents, etc. At Tata AIG, we offer three types of car insurance policies: third-party liability insurance, standalone own-damage insurance, and comprehensive insurance.
Third-party liability insurance is mandatory by law and covers damages and injuries caused to third parties by the insured vehicle. Standalone own-damage insurance covers damages and losses to the insured vehicle due to natural calamities, theft, fire, or accidents. However, it does not cover damages or losses caused to third parties. Comprehensive insurance provides coverage for both third-party liability and own-damage.
Evaluating the required protection and your budget is the first step before buying insurance for a four-wheeler. Once you decide on the type of policy, choose adequate insurance coverage by picking suitable add-on covers. It is also advisable to compare car insurance quotes to decide on the most suitable and affordable option.
Here is how to buy/renew your Fiat car insurance in India with Tata AIG.
Fiat Car Insurance Renewal/Buy via Tata AIG
Tata AIG allows you to renew/purchase a car insurance policy via offline or online modes. For an offline purchase/renewal, visit the nearest Tata AIG office and approach an insurance expert. However, you can buy Fiat car insurance online with a few steps:
Go to the Car insurance page on the Tata AIG website and enter the registration number of your Fiat car.
For Fiat car insurance renewal, click “Renew”. Click “Get Price” for a new policy. Now provide the necessary details in the form to get a Fiat car insurance quote.
Select your car’s appropriate Insured Declared Value (IDV) and choose adequate insurance coverage.
Don’t forget to inform Tata AIG about past claims if you are an existing policyholder. Tata AIG will offer you a discount for a claim-free policy year.
After you provide the required information, Tata AIG will display the Fiat car insurance India premium amount.
To maximise your comprehensive car insurance, you can add relevant add-on covers at extra costs and go ahead with the payment.
Once payment is received, Tata AIG will email your Fiat car insurance policy.
Fiat Car Insurance Cost– Your Premium Amount
Fiat car insurance price is determined using the following factors:
-Insured Declared ValueThe current market price of your car is known as its IDV and will be offered to you in case of your car’s total loss. It is calculated by factoring in the car’s make and model, engine cubic capacity, type of fuel, location, etc., and you can get this information at your local dealership. While buying car insurance, choosing a suitable IDV also helps you get adequate coverage for your car.
-The extent of policy coveragePremiums for third-party car insurance could be higher due to their limited coverage. However, comprehensive car insurance premiums cost more as the policy offers enhanced coverage for own damages and third-party damages. Further, adding riders to your comprehensive car insurance increases the premium prices.
-No Claim BonusNo Claim Bonus, as the name suggests, is a discount on your premiums for not filing claims in a policy year. At the time of policy renewal, Tata AIG offers an NCB of 20% for the first claim-free policy year, which goes up to 50% after five consecutive claim-free years. Hence, not raising claims for minor damages can help you lower car insurance premiums.
-Presence of anti-theft devicesInstalling anti-theft devices such as immobilisers, GPS trackers, alarms, and kill switches affects your Fiat insurance cost. Anti-theft devices reduce the chances of car theft, leaving the insurance provider at an advantage. Therefore, the insurance provider compensates you for the reduced risk of car loss or theft by lowering the premiums.
Car insurance calculator
To know your Fiat car insurance price, you can use Tata AIG’s car insurance calculator online. It is an efficient tool that helps you compare car insurance policies from the comfort of your home and find the best car insurance plan that suits your budget.
Add-ons for Fiat Car Insurance by Tata AIG
Comprehensive car insurance offers all-around protection for your car. But certain unavoidable losses or circumstances are not covered under comprehensive insurance too. Thus, Tata AIG brings a range of add-on covers as listed below:
Zero Depreciation Cover
No Claim Bonus Protection
Engine Secure
Tyre Secure
Key Replacement Cover
Return to Invoice Cover
Roadside Assistance Cover
Daily Allowance Cover
Repair of Glass, Fibre, and Plastic Parts
Loss of Personal Belongings
Emergency Transport and Hotel Expense Cover
Consumables Expense Cover
Things Covered and Not Covered under Tata AIG’s Fiat Car Insurance
Many of you might not know the list of inclusions and exclusions under comprehensive car insurance. Although comprehensive insurance provides compensation for several damages, there are many things that the policy doesn’t cover. So, having adequate knowledge about things covered and not covered under Fiat car insurance is vital to make informed decisions.
| Inclusions under Fiat Car Insurance | Exclusions under Fiat Car Insurance |
|---|---|
| Damages to the insured car due to accidents, fires, collisions, etc. | The general cost of maintenance or damages due to regular wear and tear. |
| Losses and damages to third-party persons, vehicles and property caused by the insured car. | Damages to the car if and when it is used outside the geographical scope of the policy (outside India) |
| Loss or damage to the four-wheeler from an explosion, implosion, self-ignition or lightning. | If the consumables are spent from wear and tear, only 50% reimbursement will be offered for replacing the consumables. |
| Total loss of the car arising from complete and irreparable damage or theft. | Damages to the four-wheeler if a private car is used for commercial activities, such as carrying heavy luggage. |
| A Personal Accident Cover to the tune of ₹15 lakhs for the owner-driver, in case of accidental injuries. In case of the owner-driver’s accidental death, their nominee receives the sum assured. | Damages to the car if and when the driver is intoxicated, not wearing a seatbelt, without a valid license or due to irresponsible driving. |
| Damages occurring due to natural causes like landslides, earthquakes, frost, etc., and human causes like terrorism, vandalism, riots, etc. | If the four-wheeler is damaged in a war or war-like activity such as a mutiny, acts of rebellion and so on. |
Why is it Important to Have Tata AIG for Your Fiat Car Insurance?
Before buying car insurance, basic research about the insurance provider can help you make the right decision for your prized possession. Some factors to consider about the insurer include claim settlement ratio, a wide network of cashless garages, service quality, ease of claim settlement, etc.
Here are the reasons to choose Tata AIG for your Fiat car insurance:
Affordable premiums
Tata AIG provides tailor-made car insurance plans at affordable prices. You can benefit from premium discounts by purchasing Fiat car insurance online from Tata AIG. While the company provides an NCB discount of 20% for the first claim-free policy year, you can avail of a discount of up to 50% for five consecutive claim-free years.
A Huge network of cashless garages
With its extensive network of over 7500 cashless garages, Tata AIG ensures a hassle-free repair service for your car nationwide. Hence, purchasing comprehensive insurance for your Fiat car can ensure a cashless repair service anywhere in India.
The Swift claim settlement process
Tata AIG is supported by 650 claim experts across the country who ensure your car insurance claims are settled quickly. To raise a car insurance claim, call 1800- 266-7780 or visit Tata AIG’s website, after which a surveyor will inspect your car. After examining your claim and fulfilling the formalities, your claim is approved and settled.
High claim settlement ratio
The claim settlement ratio depicts the percentage of claims an insurance company settles in a year against the total number of claims. Due to its seamless claim settlement procedure and commendable commitment to its customers, Tata AIG has recorded a 98% claim settlement ratio for FY 2020-21.
Appropriate add-ons
Tata AIG strives to provide optimum coverage to your car with its unique add-on covers. Considering the several threats such as deplorable road conditions, rising accidents, etc., Tata AIG has designed suitable riders available at extra costs. By adding these riders to your comprehensive car insurance, you can secure your car against depreciation loss, tyre/engine damage, key loss, etc.
Overview –Fiat Car Model
Some of the Fiat cars and their key specifications are as follows:
| Car | Fuel type | Engine Displacement | Mileage |
|---|---|---|---|
| Fiat 1100 | Petrol | 1100cc | 14.6kmpl |
| Fiat 500 | Diesel | 1248cc | 19.0kmpl |
| Fiat Abarth | Petrol | 1368cc | 19.0kmpl |
| Fiat Abarth Avventura | Petrol | 1368cc | 17.1kmpl |
| Fiat Adventure | Petrol | 1596cc | 15.5kmpl |
| Fiat Avventura | Petrol | 1368cc | 14.4kmpl |
| Fiat Avventura Urban Class | Diesel | 1248cc | 20.5kmpl |
| Fiat Ducato | Diesel | 2999cc | 13.0kmpl |
| Fiat Grade Punto | Petrol | 1172cc | 15.8kmpl |
| Fiat Linea | Petrol | 1368cc | 15.7kmpl |
| Fiat Linea Classic | Petrol | 1368cc | 14.9kmpl |
| Fiat Punto | Petrol | 1172cc | 15.8kmpl |
| Fiat Siena | Diesel | 1242cc | 14.9kmpl |
Fiat Car Price and Variants
Fiat car variants and their prices are as follows:
| Variants | Price (in New Delhi) |
|---|---|
| Fiat 1100 | ₹10 lakhs |
| Fiat 500 | ₹14.83 lakhs |
| Fiat Abarth | ₹29.85 lakhs |
| Fiat Adventure | ₹3.59 lakhs |
| Fiat Abarth Avventura | ₹9.89 lakhs |
| Fiat Avventura | ₹6.81 lakhs |
| Fiat Avventura Urban Cross | ₹6.78 lakhs |
| Fiat Ducato | ₹16 lakhs |
| Fiat Grade Punto | ₹5.05 lakhs |
| Fiat Linea | ₹7.23 lakhs |
| Fiat Linea Classic | ₹6.46 lakhs |
| Fiat Punto | ₹4.92 lakhs |
| Fiat Siena | ₹5.25 lakhs |
