Skoda Karoq Insurance
Tata AIG Skoda Karoq Car Insurance
The Skoda Karoq is a compact SUV produced by the Czech automaker Skoda. It hit the Indian market in 2020 but, for some reason, was discontinued a year later. It is designed to be a more compact alternative to Skoda's larger SUV, the Kodiaq.
The Karoq is well-known for its spacious interior and advanced driver assistance technologies. It also offers a high level of standard equipment and a comfortable ride. It has several features, such as a panoramic sunroof, a virtual cockpit, and a host of safety features like lane assist, park assist, front assist, and adaptive cruise control. Skoda intends to release facelift versions soon.
If you own this model, ensure you have comprehensive Skoda car insurance. The reason for this is the high cost of repairs associated with this high-end vehicle and the fact that the Karoq is Skoda's discontinued model.
Comprehensive motor insurance from Tata AIG provides a range of benefits, including coverage for damages to your own vehicle in case of an accident, theft, or natural disaster. It also covers third-party liabilities and provides coverage for personal accidents. Additionally, it offers add-on benefits such as no-claim bonus protection, zero depreciation cover, and roadside assistance.
Skoda Karoq Insurance Renewal/Buy via Tata AIG
Even though Skoda Karoq comes equipped with numerous safety features, you cannot avoid the fact that it is a discontinued model, and the cost of the repairs can be costly. If you own this vehicle but without insurance or if the insurance is about to expire, contact Tata AIG to get instant car insurance purchase or car insurance renewal online in a matter of minutes.
Visit the Tata AIG website and navigate to the "Car Insurance" page under the product category.
Input the car’s registration number. Click on ‘Renew’ for a quick car insurance renewal online. If you are buying the insurance for the first time, click on ‘get Price’ for a new policy.
Now, complete the renewal/purchase form with all the relevant details.
Choose your Skoda Karoq’s Insured Declared Value (IDV) from the drop-down menu.
Provide the claim history of your car. In the case of a claimless insurance period, apply a No Claim Bonus (NCB) reward while paying a premium and get a discount of 20% - 50%.
Select any additional coverage options, such as roadside assistance or zero depreciation.
Review your quote and make any necessary changes.
Make an online payment by picking one of the many digital payment options on the screen.
Once payment is confirmed, you will receive a copy of your policy via email.
If you are not tech savvy, another Skoda insurance renewal option you have is either through Tata AIG's branch office or by visiting in person. You can also complete the renewal by contacting Tata AIG's registered agent. However, the offline method is not always recommended due to the participation of middlemen and the lengthy paperwork process.
Skoda Car Insurance Cost– Your Premium Amount
Tata AIG offers several car insurance options, from the basic "Third-Party" coverage to the comprehensive "Package Policy" that covers everything from accidents to natural disasters. You can also opt for a "Stand-Alone" policy offering coverage against the insured vehicle's self-damage.
The Insurance Regulatory and Development Authority of India (IRDAI) determines the cost of third-party liability insurance based on the size of the engine. It also specifies how insurance companies should calculate premiums for the stand-alone portion of comprehensive insurance, but insurers have some leeway within those rules to set their own rates.
Skoda's make and model, variant, claim history, manufacturing year, and IDV is considered before deciding the premium.
IDV stands for Insured Declared Value. It is the maximum amount that an insurance company will pay for a Skoda Karoq in case of total loss or damage beyond repair. You can compute IDV by calculating the manufacturer's listed selling price of the Skoda minus depreciation.
The higher the IDV, the higher the premium will be, as the insurer will be liable to pay a higher amount in case of any damage or loss.
For a quick quote of Skoda car insurance cost, check out the online car insurance calculator by Tata AIG.
Add-ons for Skoda Karoq Car Insurance by Tata AIG
Driving in India is fraught with difficulties. Numerous road mishaps have occurred over the years because of countless potholes, poor roads, pedestrian carelessness, and disobedience of road safety rules.
To provide a financial cushion against events causing damage to your four-wheeler, causing injury to the people in the car, and loss to the third-party property, insurers have come up with comprehensive motor insurance.
But does insurance always help? Maybe not.
Riders are necessary for a variety of situations where additional coverage is required. For example, engine protection coverage is required in addition to the standard policy if there is a problem with the engine due to water ingress.
Motor insurance riders are available by paying an additional premium, upon which the scope of coverage increases. You can choose from twelve different riders if you have Tata AIG Skoda insurance. These are:
Roadside assistance cover
Add-on for No Claim Bonus protection
Daily allowance cover
Key replacement cover
Rider 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
Add-on for loss of personal belongings
Return to invoice cover
Zero depreciation cover
Things Covered and Not Covered under Tata AIG’s Skoda Karoq Car Insurance
Motor insurance policy coverage can vary with the insurer in India. The coverage and terms offered by different insurers can vary depending on factors such as the type of policy, the insurer's underwriting guidelines, and the specific policy terms and conditions. In case you are buying insurance from Tata AIG, the inclusions and exclusions are explained below.
|What is covered?||What is not covered?|
|Tata AIG covers accidents resulting in damage to the Skoda vehicle, including collision, rollover, and fire.||Skoda insurance does not cover the wear and tear of the vehicle, including ageing, rusting, and mechanical or electrical breakdowns.|
|The policy covers any damage to the Skoda vehicle while it is being transported by road, rail, inland waterway, lift, elevator, or air.||Any damage to the insured Skoda or third-party property if caused by driving under the influence of alcohol or drugs.|
|Any damage to your Skoda Karoq caused by an uninsured third party||Damage caused to the Skoda while carrying out an intentional act or criminal activity by the car owner|
|Damage due to natural disasters such as floods, storms, landslides, and earthquakes||Damage caused by driving on an unauthorized road or in an unauthorized area, or in a place that falls outside the policy's purview|
|Theft of the insured Skoda vehicle; however, your claim will only be processed here if the entire four-wheeler is stolen, not just a few spare parts.||Loss or damage caused by your wilful neglect or misconduct|
|Tata AIG motor insurance includes mandatory personal accident coverage for the policyholder and passengers. That is, if you/driver/passengers sustain an injury while driving, your policy will cover the costs of medical treatment.||The use of a Skoda Karoq for racing or speed testing that causes damage is not covered by insurance.|
|Man-made disasters such as riots, strikes, and terrorist activities||Even though you only have third-party liability insurance, but are filing a claim for damage to the Skoda car will contribute to claim rejection.|
|Third-party liabilities, such as physical injury or property damage to other motorists or pedestrians arising from accidents caused by the insured Skoda Karoq, are subject to policy inclusion.||Your Skoda Karoq car insurance does not shield against nuclear perils, biological weapon attacks, or other war-like situations that cause damage to the insured four-wheeler.|
|Personal accident cover of ₹15 lakhs to cover the injury/death of the owner-driver.||If you or the driver of your Skoda Karoq is driving without a driver's licence and causes damage to the insured vehicle, your claim will be denied, and you will also be penalised.|
Why is it Important to Have Tata AIG for Your Skoda Car Insurance?
Deciding on the ideal motor insurer is challenging. However, if you investigate Tata AIG features, you may wish to put an end to your search. Here is why.
Tata AIG is a reputed and well-established insurance company with a proven track record of providing quality insurance products and services to over five crore customers. Having motor insurance with AIG gives you peace of mind knowing that you are in good hands.
Tata AIG has over 7500 network garages, making it easier for you to get your Skoda car serviced and repaired in case of accidental damage. This can help you save time and money and ensures your four-wheeler gets repaired quickly and efficiently.
Tata AIG is known for its quick and efficient claim process. The company has a dedicated team of professionals who are always ready to assist you with the claims process and ensure that you get your claim settled as quickly and smoothly as possible.
Tata AIG offers a range of coverage options that can be customised with the help of twelve different riders to meet your specific needs.
Overview - Skoda Karoq Car
The exterior of the Skoda Karoq is similar to that of the Kodiaq, with differences in the DRLs, headlamps, and fog lamps. This vehicle has a refined engine, and you would hardly notice any noise coming from it. Let us now look at Karoq's distinct technical characteristics.
Engine displacement of 1498 cc
ARAI-certified mileage of 14.49 km/litre
Maximum torque of 250 Nm @ 1500-3500 rpm
Maximum power of 147.51 bhp @ 5000-6000 rpm
Boot space of 521 litres
Kerb weight of 1320 kg
Ground clearance of 200 mm
Fuel tank capacity of 50 litres
Skoda Karoq Price in India and its Variants
The facelift version of Skoda Karoq is yet to be launched. If you want to buy the discontinued model, you only have one variant option, but you can choose from six distinct colours. These include– Magnetic Brown, Brilliant Silver, Magic Black, Lava Blue, Candy White, and Quartz Grey.
|Skoda Karoq Style AT (Petrol)||₹24,99,000|
However, the price specified here is an exclusive showroom price and does not include registration charges, insurance costs, and road taxes. Furthermore, because this four-wheeler is currently available on the second-hand car market, you can purchase it at a much lower price.
Unique Selling Points: Skoda Karoq Features
The Karoq offers a spacious and well-equipped cabin with comfortable seating for five adults and ample head- and legroom.
This Skoda model comes with a range of advanced technology features, such as a touchscreen infotainment system, a digital driver's display, two-zone automatic climate control, active noise cancellation and much more.
There is a generous amount of storage space, including a large boot and practical compartments throughout the cabin.
The Karoq boasts various standard safety and security features, including electronic stability control, lane-keeping assist, rearview camera, smart access card entry, and find my vehicle location system.
Rivals of Skoda Karoq
Skoda's product line is expanding all the time, and with Karoq, it has attempted to reach out to compact SUV enthusiasts in India. However, this is not a new segment, and the following models are already ruling the roads.
Mahindra XUV 500
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
Q1. What is the starting price of the Skoda Karoq model?
Q1. What is the starting price of the Skoda Karoq model?
Skoda has advanced safety and security features, and insurance is readily available. Still, there are many questions about this model and its insurance, and we have answered the most important ones here.
The last known showroom price of this discontinued variant was ₹24,99,000. However, the price specified here may vary by state. Also, the actual cost will include insurance (third-party liability), registration fees, and road tax.
Q2. What are the steps involved in Skoda Karoq insurance claim submission?
The reimbursement and cashless claim processes differ slightly because the bills for the latter are settled directly with the network garage. The following is an explanation of the steps involved: Notify the police if your car has been involved in an accident. An FIR copy is a necessary document when raising a claim. Contact Tata AIG as soon as possible. Collect all the necessary documents, such as the accident report, your car insurance policy, and any other relevant documents. File a claim. Submit the required documents. We will appoint a surveyor to assess the damages and the cost of repairs. This process usually takes a few days. In case of cashless claims, we will or you can move your car to the nearest network garage. After repairs, we will directly pay the garage, as per the provisions of your policy. In case of reimbursement claims, you can get the car repaired from a non-network garage and pay the bills.
Q.3. What papers are necessary for raising a Skoda car insurance claim?
When raising a Skoda Karoq insurance claim with Tata AIG, the following papers are usually necessary: A copy of the policy document Copy of the registration certificate (RC) as it proves that you are the legitimate owner of the vehicle. Copy of the driving license of the person driving the Skoda Karoq at the time of the accident Police FIR copy; this is necessary in case of an accident, as it establishes the cause of the accident and the extent of the damage. A copy of the repair estimate Bill of the repair works and the original invoice of the spare parts used. Claim form that has been filled out and signed by you.
Q.4. Is the Skoda Karoq a good car?
The Skoda Karoq is generally considered to be a good car. It has received positive reviews for its spacious and comfortable interior, good fuel economy, and impressive safety features. The four-wheeler has a well-built, top-notch cabin with plenty of space for passengers and luggage. The ride is comfortable and stable, and the engines are powerful and efficient. Besides that, Karoq has advanced safety features such as lane-keeping assist, blind-spot detection, and rear cross-traffic alert. However, like any car, it has its own set of weaknesses too.
Q.5. What factors affect Skoda Karoq’s car insurance price?
The Skoda Karoq insurance premium varies with each owner. The insurer assesses the following aspects before deciding the price. Age and make/model of vehicle Location and type of registration Insured Declared Value (IDV) Engine capacity Claim history Type of Coverage Discounts offered by the insurer Add-ons purchased Driving history and record. Mode of purchase
Q.6. What does Skoda Karoq Insurance No Claim Bonus mean?
No Claim Bonus (NCB) is a discount you can earn for not making any claims on your policy over a period of time. The longer you go without making a claim, the higher the NCB percentage will be. For example, if you go one year without making a claim, you may earn a 20% NCB discount on your car insurance premium. If you go two years without making a claim, you may earn a 25% discount, and so on. The maximum NCB reward is 50% and can be applied when the policy is renewed, and it can significantly lower the cost of car insurance.
Q.7. How can I reduce my Skoda Karoq insurance premium?
You can get a premium discount by limiting the insurer's liability during the claim process. Here is how. You can get a premium discount for installing safety devices like anti-theft alarms, immobilisers, and GPS tracking systems in your car. Take advantage of the No Claim Bonus (NCB) offered by insurance providers by not making any claims in the previous year. Increase your voluntary deductibles. This means you will pay more out of pocket if you have an accident, but it can lower your overall premium. Shop around and compare quotes from different insurance companies to find the best rate. Never bundle your car insurance with irrelevant riders, as this will only increase the premium. Aftermarket modifications can increase the car's value and make it more expensive to insure. Additionally, many alterations are illegal, and some adversely impact the performance.
Q.8. How does the age of the Skoda Karoq models affect their insurance premiums?
The age of the vehicle can affect car insurance premiums in several ways. Older Skoda models may be considered less valuable and are cheaper to insure. However, if such models have been well-maintained and have a good safety record, they may be worthy and therefore be more expensive to insure. Additionally, new cars will usually have higher insurance premiums than older ones because they are more expensive to repair or replace in the event of theft or damage.
Q.9. Is buying four-wheeler insurance for a Skoda Karoq mandatory?
Yes, buying car insurance is mandatory in India. As per the Motor Vehicles Act of 1988, all vehicle owners must have at least third-party liability insurance. This type of insurance provides coverage for any damages or injuries that may be sustained by a third party due to an accident involving your insured Skoda Karoq vehicle. In addition to third-party liability insurance, another option is comprehensive insurance, which covers third-party liability and own damages.
Q.10. Can my four-wheeler insurer refuse to renew my Skoda Karoq Insurance?
In India, motor insurance companies have the right to decline a renewal request for many reasons. These can include non-payment of premiums, a history of making multiple claims, or if the vehicle has been deemed unroadworthy. Additionally, the insurer may decline renewal if the policyholder has provided false information on the insurance application. It is always best to check with the insurance company if you are unsure as to why your renewal request has been declined.