Honda Elevate Insurance
Honda Elevate Insurance
Seeing the world moving towards all-rounder cars, Honda decided to step into the mid-size SUVs market with its Elevate. With the popularity of City and Amaze, Honda's renowned sedan units, Elevate is for consumers who look for sporty vehicles with vibrant designs.
With its new Honda Elevate, the company took the remarkable steps of saying bye to designing low-slung cars. As the name goes, the Elevate comes in elevated proportions with an elevated driving position and high ground clearance. Honda Elevate took over the crowded mid-size SUV segment with its appealing and fresh design.
Owning Honda Elevate is undoubtedly a delight to customers, but vehicle ownership goes way beyond just having it. It is necessary to have 4-wheeler insurance to protect your Honda Elevate from any unforeseen events.
While third-party insurance is mandatory in India to get behind the steering wheel, choosing a comprehensive car insurance plan is suitable to get all-rounder coverage. From car theft to third-party loss and damages, all are incurred in a comprehensive car insurance policy.
It is best to compare car insurance before picking up any policy. While the premium cost of insurance plays a significant role, there is always time to go with an insurance provider that offers top-notch customer services. Tata AIG is a renowned insurance brand that offers 360-degree coverage to your brand-new Honda Elevate.
Honda Elevate Insurance Renewal or Purchase via Tata AIG
Tata AIG is dedicated to providing trustworthy risk solutions to all its customers. With 5 crore+ customer service, it is one of the best insurance companies in the market. The process of renewing Honda Elevate car insurance is very straightforward.
Let us break down the process to buy or renew Honda Elevate insurance in just a matter of time with Tata AIG.
Visit the official website of Tata AIG.
In the "All products" section, head to "Car Insurance" Under the Motor Insurance category.
Fill out the Registration Number for Honda Elevate.
For Honda car insurance renewal, click on the "Renew" option. Head to the "Get Price" option to get a new policy.
Submit all the necessary details for Honda Elevate car insurance as the portal asks.
Enter the appropriate IDV or Insured Declared Value for your Honda Elevate.
After completing all the required steps, Tata AIG will present the premium cost for Honda Elevate insurance.
Do avail of the No Claim Bonus in case of renewal if you have enjoyed a claim-free year.
You can pay extra for add-ons for comprehensive vehicle coverage based on your choices.
The insurer will get a policy copy via the email address on file after payment.
Honda Elevate Insurance Cost - Your Premium Amount
The premium amount is the cost the insurer pays to the insurance company for the insured vehicle. Insurance firms consider several factors before determining the premium amount, which we will discuss below.
Using the Tata AIG car insurance calculator, one can easily calculate the premium amount and compare the benefits.
Calculating Third-Party Honda Elevate Insurance:
The third-party liability insurance premium is decided by the Insurance Regulatory and Development Authority of India (IRDAI) annually. It is calculated by considering the cubic or engine capacity of the vehicle. All insurance companies follow the standard rate chart for third-party insurance.
Calculating Comprehensive Honda Elevate Insurance:
The insurance company determines the comprehensive car insurance policy premium. The factors that help decide premiums are:
Insured Declared Value (IDV)
Cubic capacity of the car
Make and model of the vehicle
Location of registration
Other variables, such as any car modifications, installation of safety devices, etc.
The formula for calculating comprehensive car premium is the addition of liability premium decided by IRDAI, own damage premium decided by the insurance company, plus the cost of add-ons taken by the policyholder.
IDV or Insured Declared Value of a vehicle is an estimated amount of a car decided by an insurance provider close to its current market value. As the vehicle’s value depreciates over time, the IDV of the vehicle also changes.
In case of an accident, the insurance company will consider IDV when settling the claim. To know the IDV of your vehicle, you can go to your nearest car dealership or look for an online IDV calculator.
Add-Ons for Honda Elevate Insurance by Tata AIG
Additional coverage or add-ons are essential to give advanced protection to vehicles. One can easily include this add-on to their standalone or comprehensive car insurance policy by paying an extra amount.
Here is the list of car insurance add-ons offered by the Tata AIG.
Return to invoice
Hotel expenses and emergency transit
Personal belongings loss
Repair of glass fibre and plastic parts
No claim bonus
Things Included and Not Included under Tata AIG Honda Elevate Car Insurance Policy
Let's understand what and what not are covered under a Honda Elevate car insurance policy.
|Things Included under Tata AIG Honda Elevate Car Insurance Policy||Things Not Included under Tata AIG Honda Elevate Car Insurance Policy|
|With Tata AIG's comprehensive insurance car plan, the insurer will get the IDV as a sum assured in case of total loss (damage beyond repair) or theft.||The insurance company won't incur losses for the driver's negligence.|
|With Tata AIG standalone damage cover or comprehensive car insurance, insured vehicles for natural calamities such as earthquakes, floods, snow, rainfall, and more.||The car insurance policy won't cover losses that happen outside the geographical location.|
|The vehicle will get complete protection under man-made circumstances such as riots, vandalism, strikes, etc., with comprehensive and standalone four-wheeler insurance by Tata AIG.||The car insurance policy won't cover the losses for consuming illicit substances, drugs, alcohol, etc.|
|The Honda Elevate will get full third-party liability cover in case of any accidents under Tata AIG third-party insurance and comprehensive car insurance.||The four-wheeler insurance policy won't be responsible for damages caused to vehicles due to war-like conditions.|
|Tata AIG's comprehensive car insurance covers vehicle damages during transit via road, water, rail, or airways.||The insurance company won't incur any loss for private vehicles used for commercial purposes.|
|Tata AIG’s comprehensive car insurance offers cover of ₹15 lakhs to third parties for suffering severe injuries, death, personal disability, etc.||Damages like wear and tear won’t be covered unless the add-on says so.|
Why Is It Necessary to Have Tata AIG for Your Honda Elevate Car Insurance?
Tata AIG is not just any other insurance company; it is a company that builds on the foundation of trust. We value our customer's trust, and that's why we are dedicated to providing top-notch services to customers all across the globe. Here are some prominent reasons to buy Honda Elevate insurance from Tata AIG.
Backed by a legacy of Tata, it is our 23rd year (2023) in delivering innovative risk solutions to customers all across the globe. We have got you covered from health insurance to SMEs to motor and travel insurance.
At Tata AIG, we have a team of dedicated professionals who work around the clock to offer top-notch services to our customers. We have delivered our services to around 5 crore customers to date.
To offer a hassle-free insurance experience to our customers, we have a tie-up with 5400+ network garages.
With our unbelievable claim settlement ratio of 98%, we stand firm in the insurance market to offer a seamless claim process to our customers.
Honda Elevate: A Brief Overview of the Car
Honda Elevate is a blend of masculine and confident exteriors with protective and progressive interiors. With a length of around 4.3 m, Elevate comes under C- Segment SUV. Honda Elevate will satisfy customers with its advanced active safety features. Honda Elevate has been designed following the original ACETM Body Structure of the company to meet global safety standards.
With its enormous boot space of around 458 L and 60:40 foldable and split rear seat, passengers feel relaxed. Honda Elevate comes up with i-VTEC DOHC, a high-performance VTC engine offering lower emissions. Not just this, the vehicle has a host of advanced features such as Hill Start Assist (HSA), Anti-Lock Braking System (ABS), Vehicle Stability Assist (VSA), and more.
With 7 single-tone colours and 3 dual-tone colours, Honda Elevate offers vivid style choices to its customers. The Alexa Remote Capability and Smartwatch Connectivity offer the convenience of checking your car status as you go. No doubt, the Honda Elevate is the modern-day crossover SUV that can add value to all kinds of road trips.
Honda Elevate Car Variants and Prices
Honda has revealed that its new Elevate will follow the line-up of Honda City variants. Elevate has yet to enter the market, but it has been assumed that the ex-showroom price will start from ₹12.20 lakh to ₹15.70 lakhs.
Honda Elevate Features: Unique Selling Points of the Car
Honda has finally entered the SUV segment with its Elevate and plans to introduce 5 more SUVs by 2030. With plenty of SUV choices available for Indian buyers, Honda went a step ahead with their all-new Elevate.
Some of the features of Honda Elevate that stand out from the crowd are listed below:
One of the foremost things that set Honda Elevate apart is its prominent front grille in black colour with a Honda logo. The enormous grille flashes the aggressive appeal of the vehicle. With integrated DRLs and a pronounced bonnet, the whole exterior of the vehicle becomes dominating.
Coming to the next segment, Honda Elevate houses some of the niceties of the City. The vehicle has 17-inch dual-tone alloy wheels like Honda City. Further, it is going to be available in 4 variants like City in the coming years.
Honda Elevate offers sufficient cabin space. A family of 5 can easily travel in a car. All the seats are perfectly cushioned and offer passengers the highest level of comfort. Not just this, in comparison to other SUVs, the knee, feet, and legroom offered by the car is also generous.
With its Honda Sensing Technology, Elevate has a handful of assisted functions such as Forward collision warning, Lane keep assist, and much more. On open stretches, the assisting features work well.
Top Competitors of the Honda Elevate
Like any other vehicle, Honda Elevate has many competitors in the mid-size SUV segment. Some of its top competitors are:
Maruti Suzuki Grand Vitara
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
How to purchase insurance for my Honda Elevate car?
How to purchase insurance for my Honda Elevate car?
Before purchasing any policy, it is best to compare car insurance online. It will give you an idea about the benefits you will get. Head to Tata AIG's official site and follow the instructions as suggested to buy Elevate insurance. We offer a hassle-free experience to all our customers.
What documents do I need to renew my Honda Elevate car insurance?
The documents you need to renew your Honda car insurance online are as follows: Vehicle registration number Previous insurance copy Previous policy expiry date
Are there any add-ons available for Honda Elevate cars?
Including an add-on in your insurance policy is wise when looking for extensive vehicle coverage. Tata AIG offers 12 add-ons, such as daily allowance, engine security, key replacement, etc. Depending on their choice and needs, one can include these add-ons in their Honda insurance policy.
How to choose a car insurance policy for a Honda Elevate?
Deciding what kind of insurance your vehicle needs can be an overwhelming experience. Though third-party insurance is mandatory, it doesn't offer broad coverage. For your Honda Elevate, it is best to consider a comprehensive car insurance policy since it provides 360-degree protection to vehicles. Before choosing any plan, comparing policies online using a car insurance calculator is best. And go with one that fits your requirements.
Are natural disaster damages covered by the third-party Honda Elevate insurance?
No, third-party insurance only covers limited damages. Natural calamities like flood and earthquake vehicle damages are not incurred by third-party insurance. If you need coverage for your vehicle due to natural calamities losses, then you will need a comprehensive car insurance policy.
Disclaimer: All the prices and other information listed above pertain to a specific city and vehicle model. Since this information is subject to change, it is advisable to check the latest information before purchasing a vehicle or an insurance policy.