Toyota Corolla Insurance
Toyota Corolla Insurance
The Toyota Corolla is one of the most popular cars in the world. Manufactured and marketed globally by the Japanese auto giant Toyota Motor Corporation, it is also equally popular in India. Toyota Corolla was first Introduced in 1966 and has been one of the best-selling cars in the world since then. After its first generation, introduced in 1966, Corolla launched twelve generations till 2018. In 2021, Toyota reached the milestone of 50 million Corollas sold worldwide over its twelve generations.
With such a legacy, the experience of owning and driving this car may fall short of words. It is mandatory to have four-wheeler insurance before you set out to take your car out on the roads. So, once you have decided to buy car insurance, you must first compare the car insurance offered by various providers.
Accidental mishaps can be devastating for you and your family and may also be upsetting for a third party, depending on the gravity of the situation. Moreover, it can leave you and others in a financially tight spot, overcoming which may be quite challenging. Third-party car insurance has thus been made mandatory by the government.
We offer three types of insurance for your Toyota Corolla - third-party car insurance, standalone own-damage car insurance and comprehensive car insurance. When you choose to buy comprehensive car from us you get,
Cover for the damages, including the costs for lawsuits or legal fees if held liable.
Coverage for the repair cost.
Covered for accidents caused by terrorism, earthquakes, etc.
Personal accident cover.
Death benefits to the beneficiary.
Toyota Car Insurance Renewal and Purchase
Buying motor insurance has become easier now all the details regarding the feature and the premium are available online at your fingertips. You can easily buy car insurance online by providing the documents and filling in the required information.
Before buying Toyota car insurance in India, we recommend you check our premium calculator to learn about the estimated premium amount. The premium typically would depend on your vehicle's age and the riders you attach (if any).
Features of Online Car Insurance Purchase and Renewal Process
It requires zero paperwork
Swift claim settlement
Highly convenient to buy and compare policies
You get 24X7 support for any insurance assistance.
Let us have a look at the online procedure for buying or renewing Toyota Corolla car insurance:**
Step 1: Go to our 'Car Insurance' page on our official website.
Step 2: Fill in your car’s registration number and other details.
Step 3: If you are buying the policy for the first time, click on the 'Get Price' button. This will display the estimated Corolla insurance price. If you want to renew your insurance with Tata AIG, click on the 'Renew' button.
Step 4: Select the appropriate IDV (Insured Declared Value) for your Toyota Corolla insurance price.
Step 5: Fill in the details if you wish to raise a claim. Mention any applicable claim history. If you haven't raised any claim earlier, you can select the option 'No Claim Bonus.'
Step 6: Add add-ons based on your needs. Tata AIG Motor Insurance offers 12 add-ons to enhance your coverage. You need to pay additionally for any add-ons, so choose the add-ons wisely.
Step 7: Your Toyota corolla insurance coverage amount and premium quote will be displayed on your screen.
Step 8: Select the plan and proceed with online payment from the digital payment options provided.
Once your payment is successful, you will receive a soft copy of your policy documents and other details on your registered email ID or WhatsApp number.
In case of any support or help, you can contact our 24/7 support team on our toll-free number 1800-266-7780.
Toyota Corolla Insurance Price – Your Premium Amount
Undoubtedly, a four-wheeler insurance premium is crucial for buying an affordable insurance policy. However, a low premium should not be the only deciding factor, as it may leave you underinsured. To ensure that you opt for a car policy that offers the right balance of adequate coverage at an affordable price, you should take care of the following factors which determine your car insurance premium.
The make, model, and variant of the car
Age of the vehicle
Location of the car
Type of cover selected
Add-ons if included
No Claim Bonus
Safety devices and modifications done
Engine type and cubic capacity
Apart from the above factors, the Insured Declared Value or the IDV represents the current market value of your car. It is thus recommended to choose the correct IDV while purchasing or renewing your policy. The IDV is one of the major components that affect the premium of your Toyota car insurance during the renewal and purchase processes
Calculating premiums on your insurance has become easier. You can use the car insurance premium calculator for Tata AIG insurance to know your estimated premium amount. This handy tool is available free of cost and is easy to use and understand. Based on the estimated premium amounts, you can also compare different policies.
Things Covered and Not Covered Under Tata AIG's Toyota Corolla Car Insurance
At Tata AIG, we offer three Toyota Corolla car insurance types: third-party car insurance, standalone own-damage car insurance, and comprehensive car insurance. With comprehensive car insurance, we offer extensive coverage that includes all kinds of accidental damage to your car, third-party liabilities, personal accident cover, and others.
The table below shows things covered and not covered under Tata AIG's comprehensive Toyota Corolla Car Insurance policy.
| Things COVERED under Tata AIG's Toyota Corolla Car Insurance | Things NOT COVERED under Tata AIG's Toyota Corolla Car Insurance |
|---|---|
| Our Toyota car insurance policy online offers financial coverage against damages due to natural calamities like cyclones, earthquakes, floods, heavy rainfalls, snowfalls, etc. | The policy does not cover the damages caused to the car due to driving without a valid licence or outside the geographical location. |
| Our comprehensive cover also offers coverage against man-made disasters like riots, terrorist attacks, vandalism, strikes, malicious activities, and other man-made catastrophes. | If you are in any way found guilty of driving the car under the influence of alcohol, drugs, or other intoxicating substances, and the damages are caused due to these mentioned reasons. |
| We will compensate you with the entire Insured Declared Value (IDV) of the total current market value of your Toyota Corolla if it is stolen or damaged beyond repair due to an accident. | Your car's regular wear and tear or damage to the parts due to age or mechanical/electrical breakdown are not included. |
| It also covers financial liabilities arising from the repairs due to accidents. | If the damages are caused due to speeding, rash driving, speed and reliability trials, etc. |
| Suppose you need to move your car from one location to another using any mode of transportation like the waterways, railways, roadways, airways, etc., and your car gets damaged during this transition. In that case, the damages to the car are covered under a comprehensive insurance policy. | If your Toyota Corolla is used for commercial purposes |
| We offer third-party liability cover that includes bodily injuries to a third party, death of a third party, and damages to the third-party property. | If the damages are caused due to war or any war-like situation and nuclear peril. |
| We offer Personal Accident Covers of ₹15 lakhs to the owner-drivers of the comprehensive policy. This cover reimburses emergency medical expenses, ambulance costs, etc. In addition, the appointed beneficiary shall receive the death benefit if the owner-driver dies due to the accident. | If the damages are covered under a specific add-on, and you haven’t opted for that add-on. |
| You can enhance your coverage by adding add-ons from our list of 12 add-ons. | Your Toyota car insurance in India from Tata AIG will only reimburse 50% of the cost of replacing consumables due to the wear and tear of the car. |
Add-on Covers from Tata AIG
An add-on coverage provides an additional policy coverage that you can avail of by paying an extra premium. Even though a comprehensive policy does cover various elements, more is needed if you wish to cover yourself against specific circumstances.
Add-ons can help you achieve that. Tata AIG offers 12 such add-ons.
No Claim Bonus Protection
Roadside Assistance
Repair of Glass Fiber and Plastic Parts
Daily Allowance
Emergency Transport and Hotel Expenses
Key Replacement
Engine Secure
Tyre Secure
Consumables Expenses
Loss of Personal Belongings
Return to Invoice
Zero Depreciation (Depreciation Reimbursement)
Why Choose Four-Wheeler Car Insurance from Tata AIG?
Toyota Corolla is one of the most popular sedans worldwide. With Japanese promise and efficiency, it also offers unrivalled on-road performance. When you have such a dependable car, you must also have proper insurance. Hence, it would be best if you opted for the Toyota Corolla car insurance policy, which offers maximum coverage at viable rates.
As mentioned above, it is always better to go for a comprehensive car insurance policy than a standalone damage cover or a third-party insurance plan.
Wide network of garages: Tata AIG provides you access to more than 5400 cashless garages across India. So, if your Toyota Corolla breaks down on the road, you can get your car repaired with one of our nearest network garages and get a cashless claim facility. We take pride in conveying that we have a huge satisfied customer base of more than 5 crores individuals all over India.
24X 7 assistance and support: Customer satisfaction is our top priority, and our support staff ensures you receive the best assistance and support at the time of your need, round-the-clock. We understand emergencies related to your car can come unannounced, so our team is always present to help you; be it midnight or on holidays.
Performance-driven policies: Our team, with more than 650 claim experts across India, works hard to ensure that your overall insurance experience at Tata AIG is seamless and hassle-free. You can get your policy in 3 easy steps without any physical documentation.
The Tata promise: We boast of having one of the industry's best and most experienced core management teams. With 20+ years of experience in the insurance sector of India, we assure commitment, transparency, and integrity with every car insurance policy we sell.
High Claim Settlement Ratio: Tata AIG acquired a high claim settlement ratio of 98% for FY 2020-21. Hence, you can stay assured that we will consider all the necessary aspects while processing your claim and settle it to the best possible extent with a quick turnaround time.
A Brief Overview of Toyota Corolla
Toyota Corolla was one of the first compact sedans launched in India during the early 2000s. It was introduced to the Indian market in February 2003. At that time, the Toyota Corolla was in its ninth generation worldwide. Later in September 2008, its tenth-generation Altis suffix was launched. Later the eleventh generation was launched in May 2014 under the same Altis suffix.
The twelfth-generation Toyota Corolla, considered one of the best-looking compact sedans internationally, was introduced in November 2018. However, it was not launched in India. Toyota Corolla was discontinued from the Indian market in 2020 after 17 years of operation. Thus, Toyota Corolla was sold in India only during its ninth, tenth, and eleventh generations.
Toyota Corolla Altis Variants and Prices
As mentioned above, Toyota Corolla Altis was discontinued in India in 2020, and the car is now out of production. However, while in operation, it offered six variants – four were manual, and two were automatic (CVT). The price of the Petrol variant ranged between ₹ 16.46 Lakh - ₹ 20.20 Lakh, whereas the price of the Diesel variant for Toyota Corolla Altis was between ₹ 17.72 Lakh - ₹ 19.37 Lakh.
| Versions | Last Recorded Price |
|---|---|
| G Petrol | ₹ 16.46 Lakh |
| G Diesel | ₹ 17.72 Lakh |
| G CVT Petrol | ₹ 18.07 Lakh |
| GL Petrol | ₹ 18.83 Lakh |
| GL Diesel | ₹ 19.37 Lakh |
| VL CVT Petrol | ₹ 20.20 Lakh |
Features of Toyota Corolla Altis
Toyota Corolla Altis is a 5-seater car. Its diesel variant has an engine of 1364cc while the petrol engine is 1798cc.
Based on the variant and fuel type, Corolla Altis gives a mileage of 14.28 to 21.43 kmpl. Also, the ground clearance of this compact sedan is 175mm.
The car offers power steering and an anti-braking system and comes with driver and passenger airbags, wheel covers, and automatic climate control.
The steering column is tilted and telescopic, with a turning radius of 5.4 metres.
In addition, it comes with a tachometer and electronic multi-tripmeter.
Toyota Corolla Altis facelift model offers fabric upholstery and improved interiors.
The car is people's favourite when it comes to comfort and safety. It has brake assist, a central locking system, an anti-theft alarm, and child safety locks which boosts its safety features.
With tubeless, radial tyres with a tyre size of 195/65 R15, it promises a smooth drive.
Competitors of Toyota Corolla Altis
Honda Civic
Skoda Octavia
Hyundai Elantra
Hyundai Verna
Volkswagen Virtus
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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Do old cars require insurance?
Do old cars require insurance?
Yes, according to the Motor Vehicles Act of 1988, all cars to be run in public places require mandatory insurance. Thus, insurance is compulsory for all cars, irrespective of their age. It must be noted that older cars attract lower premiums as the value of the car reduces over time.
Can I pay my Toyota car insurance premium in instalments?
No, the car insurance premium cannot be paid in instalments. Section 64VB of The Insurance Act of 1938 states that the insurance company cannot offer four-wheeler insurance until the insurer receives full premium payment on or before the policy start date.
Is my car insurance transferable?
If you want to sell your Toyota Corolla, you can transfer your existing car policy to the new owner's name. However, the new car owner must inform the insurance company about the policy transfer within 14 days. In such cases, the insurance company shall arrange a vehicle pre-inspection. However, the No Claim Bonus you earned stays with you and cannot be transferred to the new car owner.
How many times can I claim my Zero Depreciation Cover?
If you have opted for a zero-depreciation cover (depreciation reimbursement), you can receive the sum insured without deducting the depreciation amount. However, you can avail of this benefit only for the first two filed claims.
Can I buy add-ons on third-party car insurance?
No, you cannot avail of add-on benefits on standalone third-party insurance. Add-ons can only be added to your comprehensive car insurance policy.
What is the Toyota car insurance claim procedure of Tata AIG?
For filing your Toyota car insurance claim from Tata AIG, follow the below easy steps: Step 1: Log in to your Tata AIG online account and click on 'Claim.' Add all the details in the insurance claim form and click on 'Submit' to register the claim. Step 2: You will receive the claim intimation number. Step 3: A surveyor or inspector will assess the damages. Step 4: Depending on the surveyor's report, we will take your car to either a network garage or a non-network garage of your choice. Step 5: Get your car repaired. Step 6: The claim will be settled after the repair and verification of policy documents and other details.
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