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Honda Car Insurance
  • Road Side Assistance
  • Personal Accident Cover
  • Third Party Liability Cover
  • Attractive Discounts on Premium
  • Go Cashless With Cashless Garages

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Honda Car Insurance

Honda Car Company stepped into Indian markets after earning a graceful image in automobile industry in Japan. Through manufacturing affordable car models, Honda Car India sold millions of car models around the country. This sale also boosted the purchase of Honda car insurance after all preventing a brand-new car is first responsibility.

Honda Car company is showing outstanding performance India that can be gauged through its sale of Honda City and Honda CRV. Also, the after-sale service offered by the Honda Car India for the wellness of car is another commendable feature. Honda Car India has a network of 174 authorised dealership showroom in 110 cities.

Features Of Honda Car

  • Roadside Assistance: whenever the car owner traps into any accident or confront any electrical breakdown in the engine of the car. The services listed under feature are-
    1. Towing
    2. Battery Jump start
    3. Lockout
    4. Fuel Delivery
    5. Taxi Assistance
  • Diesel Engine/ Petrol engine: Almost every model of Honda supports both diesel and petrol engine. Honda Amaze, Brio, Civic, CRV and others comes with the engine supporting both diesel and petrol.
  • Mileage of the vehicle: The first thing that a customer will ask for is mileage. Honda designed cars that provides higher mileage between 18 km/l to 30 km/l.
  • Extended Warranty: The Honda Car Company provides the extra security to your Honda car through enhancing the warranty period. This will help the car owner to avail the repair/ services for free in case of any mishappening to the vehicle. This is optional not compulsory.
  • Tires and battery: The owner can avail the replacement of tires, refund their old battery, repair/ charge of battery, choose any tyre brand. The services and maintenance related to wellness of tires and batteries is available at any Honda dealership showroom.
  • Value added Services: The services that will keep your car brand new for a longer period. These services will involve the enriching the parts, interiors and exteriors through painting, cleaning AC parts treating headlights.
  • Maintenance Package: After purchasing a Honda car the person can get free services at any point of time during the warranty period. This service is available with any showroom holding Honda dealership and it is prepaid.

Best selling Honda car models

Honda Civic

According to the latest statistics the company has hundred thousands of models of Civic from 1998 till present date. A dynamic car that can be purchased between the budget of Rs 17 lakhs to Rs 21 lakhs with respect to the type of version selected.

Highlights:

  1. Three versions are available- V (petrol), VX (petrol & diesel), ZX (petrol & diesel).
  2. Available in five flashing colors.
  3. Mileage between 16 Km pl to 26 Kmpl with petrol and diesel support.
  4. 1.6L i-DTEC diesel engine/ i-VTEC petrol engine.
  5. 6 speed gearbox, 17 inch alloy wheels, 4 cylinders, Automatic/ Manual transmission etc.
  6. Armset and cup holders, 17.7 touchscreen audio display, side/ curtain airbags, parking sensors, Anti-Lock Braking System (ABS) with Electronic Brake-force Distribution (EBD) etc.
  7. 8 way power driver seat, leather steering wheel,. Adjustable seat belt, remote opening/ closing of window/ sunroof, antenna, etc.

Honda Amaze

The model comes in the category of budget cars in India and has a value ranging between Rs 5.8 lakhs to Rs 8.58 lakhs approximately.

Highlights:

  1. Comprises five versions E, S, V, VX.
  2. Mileage of 19.5 Kmpl in petrol version with power of 90 ps @6000 rpm.
  3. Mileage of 27.4 Kmpl in diesel version with power of 100 ps @3600 rpm.
  4. 17.7 cm touchscreen Audio,
  5. Rear parking camera, one touch window up/ down, chrome door living, dual airbags, Anti-Lock Braking System with EBD, power steering, Automatic Climate Control, Multi spoke, Tilt Steering, accessory socket.
  6. Seat Belt Reminder, Engine Immobilizer, Rear Windshield, Central Locking & Key less Entry, Bluetooth Support, USB-In Ports, AM/FM Radio, 17 cm 4-Door Speakers, One Push Start/Stop Button.

Honda City

A person holding a budget of Rs 9 lakhs to Rs 13 lakhs roughly can easily aim to buy this Honda City car.

Highlights:

  1. Comprises Four models SV, V, VX, ZX and available in five colors.
  2. Front and Rear Arm/ cup holders, Glove box, font bottle holder, cargo room, 6 airbags, anti lock brake system, USB port, .
  3. 1.5L i-VTEC petrol engine with mileage of 17.4 km/l and 1.5L i-VTEC diesel engine with mileage of 25.6 km/l.
  4. 17.7 touchscreen, Auto AC with touch panel, smart key system, multi functioning steering, 3 rings 3D combimeter, driver seat adjustment, telescopic and tilt steering, auto door locking & unlocking, 7-Speed Paddle Shift.
  5. Satellite linked 3D turn-by-turn navigation, voice recognition, Bluetooth telephony/ audio screening, Wi Fi support, digital radio and media player, Automatic headlights, rain sensing wipers, multi view parking camera, immobilizer with Anti Theft Alarm, fuel reminder control system.

Companies Selling Honda Car Insurance

Anybody who owe any model of Honda Cars can prefer any one of the insurance providers listed below in a sequence. Let’s find out-

  • United India Insurance Company
  • Bharti AXA GI
  • Royal Sundaram
  • Reliance General
  • ICICI Lombard
  • HDFC Standard
  • Bajaj Allianz
  • Chola MS
  • Iffco tokio
  • National Insurance
  • Oriental insurance
  • Universal Sompo
  • Tata AIG
  • New India Insurance
  • Future Generali
  • Liberty Motor Insurance
  • Oriental General Insurance
  • Sriram Insurance

5 Ultimate Benefits Behind Honda Car Insurance

  1. Cashless Garage: The owner of the car can avail the cashless service at any garage for any technical issue. The total number of garages can be different as per the insurer chosen. For instance- Royal Sundaram has a network 3,300+ garages, HDFC Ergo has 6,800+ cashless garages.
  2. Natural Calamities/ Man-made Perils: The Honda car insurance can cure from the threat of unexpected disasters created either natural or knowingly by an enemy.
  3. Overnight Car Repair Services: Majority of car insurance companies offers round the clock service for any minor or major default in the engine or parts of the vehicle. This features will help the policyholder in getting timely assistance especially during emergencies.
  4. 100% Invoice Price: If in case the car encounters total loss/ damage or theft/ burglary, the insurance company will pay the invoice value of the car. This also includes first time registration charges plus road tax. The insured car owner can again buy the same model which was devastated from any showroom.
  5. Online Settlement Process: As everything is going online and so the car insurance. The online process has now made the process of claim settlement and policy renewal as easy as placing an order on shopping e-commerce websites. The insured will pay for the ciam whether it is minor or major based on the investigation conducted.

Damages and Repairs Covered

  1. Personal Accident: The accidents are inevitable whether it is due to mistakes of the driver or third party or pedestrians carelessness. While reasons are countless and thus ensuring proper security is what Honda car insurance is made for.
  2. Natural disasters: Earthquake, Flood, Typhoon, Hurricane, Storm, Cyclone, Hailstorm, Frost Landslide, Rock slide, Tempest etc are all the natural calamities that are usually covered.
  3. Perils and Fire: A wrathful fire / explosion / self ignition or lightning can vigorously affects the body and engine of the insured car. However, car insurance like a savior can safeguard your car from uninvited events.
  4. Third party liability: If damage has been occurred by you mistakenly, the insurer will pay for the harm done to the vehicle. The coverage is allowed on accidental damage causing permanent injury, death of a person, property loss etc.
  5. Theft/ Lost Issues: After you take insurance for your car, this directly help in reminaing worry free from theft/ Burglary. A compensation amounting to the loss incurred is provided.

Damages and Repairs Not Covered

  1. Wear and tear Loss: The wear and tear such as rusting of car body, scratches, loss due to harsh weather conditions, or any other breakage.
  2. Mechanical/ electrical breakdown: If there is any mechanical issues like tire breaking, heating of the engine due to extreme weather conditions, short circuit, infestation rodents, etc are not covered.
  3. Expenses while driving without a valid license: As under traffic rules and regulation, the driver must respect the road safety standards for longer life of himself as well as his car. Owning and Carrying a driving license is as important as having breakfast, dinner, and lunch in your daily schedule.
  4. Damages due to Drink & Drive: If a person is found to have traces of being under the influence of alcohol or any hallucinogenic substance, the claim is repudiated by the insurance company.
  5. Private cars used for Commercial Purposes: If any model of Honda is insured for a single use or private use and by any means, if it is used for the commercial purpose does not qualify for the coverage. Any destruction happened during commercial use will not get compensated.
  6. Intentional Destruction Of Car: The person or any enemy who intentionally creates any damages to their vehicle will not get compensation for the loss incurred. The person has to bear the loss by spending money from his wallet.

Add-on Coverage for your Honda Car

  1. Cost of Consumables: Consumable used in the repair, maintenance of Honda are covered against the premium payment with base premium. This includes cost of washers, screws, lubricants, other oils, bearings, water, gaskets, sealants, filters. In a base car insurance, consumables cost is strictly not covered. By purchasing this optional rider, owner can eliminate the monthly expense of consumables as all the cost is borne by insurer.
  2. Key Replacement cover: If you have lost or misplaced your car keys this add-on cover will act as a savior by assisting during-
    • Technical or mechanical breakdown issues
    • Site, lost key assistance, duplicate key issue
    • tire changes, battery jump starts, fuel tank emptying and towing charges
  3. Engine & Gearbox Protector: it the downpour of rain or the rushing flood waves, your vehicle's gearbox and the engine remains wrapped in the protective coverage of engine and gearbox protection cover! It pays for the replacement or repair of all the child parts or internal parts. Moreover, it further covers the labor costs, cost of compression tests, machine charges and engine cylinder re-boring.
  4. Return to Invoice: The IDV is equal to the current market price of the vehicle. But, with a return to invoice add-on, you get the difference between invoice value and IDV as well. The car owner have to lodge an FIR to the nearest police station and the car was not recovered within 90 days after
  5. Loss of Use Downtime Protection: A rider that compensates your travel expenses during the time when your car is left in a garage for repairs. Consequently, this will cause to hire a cab or other transport facility available. All the travel expenses arrived for daily commute will be borne by the company.

Discount Attached To Honda Car Insurance

  1. No Claim Bonus: The percentage of NCB can seriously lead to decrease your premium rate over a period of time. This bonus have to be earned through regular timely renewals without raising any claim during the policy period. If claim has not been made during a policy year.
    For Example- 20% bonus is awarded for one claim free year, while for two claim free this elevates to 30%.
  2. Voluntary Deductibles: Deductibles refers to sharing some proportion of admissible claim amount with the car insurer. How it is beneficial to the Honda car owner? Sharing the cost of claim can really lead to earning worthwhile discounts in the premium.
    For example, if a person opts for a deductible of Rs 2000 then 20% discount is given whereas if Rs 15000 of deductible can give 35% of discount on you premium.
  3. Enrolled as AAI Member: Being a member of Automobile Association of India, a person is subject to receive relaxation in the rates of premium. Services highlighting door step service, renewal of driving license, breakdown assistance can also be received by the respective members.
  4. Anti theft Device in Car: If you equip your Hyundai car with anti-theft device, then you can earn a 5% or more discount on the premium. Anti-theft installation involves locks for the steering wheel and gear, Airbags, anti-theft alarms etc.

Best Methods to Buy Honda Car Insurance

  1. Through Insurance Web Aggregator: Sitting back on an armchair and buying insurance is now an easy task with insurance web aggregators. How is it possible? Due to evolution of Insurance web aggregator following things can be done-
    • Person can compare various quotes from different companies simultaneously
    • Saves a lot of time, money and physical energy.
    • Makes the policyholder more responsible and aware of neglected policy discounts, claim process and other aspects.
    • Save you from the fraud activities of agents who often conceal significant facts about car policy.
  2. Through Company’s Website: Another possible way to buy a policy directly pitching the company which you find suitable. However, there is no multiple options available for comparison and person is left with one choice.

Factors Affecting Honda Car Insurance Premium Calculation

  1. Insured declared value of the car: IDV is the prevailing market value of the car insured which is calculated by consulting a range of factors such as manufacturing details, cubic capacity, ex-showroom price, etc. The insurer will examine the IDV in order to derive premium for the vehicle. We all know car all electronic and mechanical machines depreciate due to regular use
  2. City of Registration: The place where the car owner has purchased the car also plays the title role. Also, IDV and city of registration are interconnected. For example, if your vehicle is registered in any metro cities, then the IDV is comparatively lesser. Whereas the IDV is higher in the cities apart from metro cities.
  3. Model and manufacturing Date: Perhaps, the most important factor while deciding premium is the date of manufacture and model purchased. The Honda cars equipped with the latest technology and edgy features generally invites higher premiums. Expensive cars have high maintenance cost, that’s why premium records higher.
  4. Claim History: The premium value will alter with regard to the quantity of claim made in the past.
  5. Type of coverage: Whether you are going for comprehensive coverage or for third-party liability coverage, the premium will fluctuate accordingly. If comprehensive coverage is purchased then the premium is definitely going to be higher when put in parallel to third party liability cover.
  6. Add-on Covers Purchased: Choosing add-on covers can be advantageous to your Honda car but it also pinches the rate of premium a bit higher. A nominal premium has to be paid for availing additional services in the car insurance.
  7. Percentage of NCB: Company gives you perk of not registering a single claim in a year or for continuous years. No Claim Bonus earned will minimize the amount of actual premium.
  8. Cubic Capacity of Engine: The value of CC or cubic capacity of the vehicle decreases due to continuous usage which directs to wavering of premium on every renewal. Higher the capacity, more will be the premium and vice-a-versa.
  9. Profession of Insured Car Owner: The car insurance in India give special provision to the people engaged in teaching, military, government offices, chartered accountancy, etc under IRDA guidelines.
  10. Fuel Type: Honda Car company supports variety of fuel capacities in their car models i.e. Petrol, CNG and Diesel. The premium will rise or fall according to the fuel type selected.

Renewal Process of Honda Car Insurance

  1. First, go to the website of the car insurance company of which policy has been purchased.
  2. Search for a renewal option either mentioned in the menu bar directly or in car insurance category of the website. Then, proceed further.
  3. Enter the details of the policy and the car insured asked during the renewal process. This can include information like policy number, engine number and personal details (name, DOB, mobile number, Email ID etc).
  4. Followingly, verify and confirm the price of premium calculated based on current IDV value of the car.
  5. Next, you have to step forward to make the payment of the amount requested through any electronic mode. Credit / Debits cards, net banking, electronic wallet can be used for payment.
  6. After the money, a payment receipt is flashed on the screen displaying details of policyholder and the amount paid.

Please Note: Every company follows a different renewal process. However, the steps mentioned above are just common steps usually performed during online car insurance renewal.

Claim Process Of Honda Car Insurance

Claim can register with the company only the development of any serious issue like accident, any harm done to vehicle of third party, theft/ burglary, total damage due to natural calamities, etc.

  1. The process starts with the intimation of the claim with the insurer through any communication channel (such as customer care number or email ID, toll free number) as provided during policy proposal.
  2. After the proposal of claim is authorized, the policyholder can move forward to collect all the mandatory documents supporting the type of claim.
  3. Submit the claim form plus the documents and make sure it is attested.
  4. The car insurance company will assess the information provided with regard to the claim filed by the policyholder. After analysing each document, the company will communicate the decision of acceptance of claim or not.
  5. If claim has been approved, the Honda car insurer will calculate the total loss and will proceed to pay the admissible amount in any electronic form.
  6. The payment will be made directly into the account of the policyholder through the medium of online.

FAQs

1. What is the maximum time limit taken by the car insurance company to settle a claim?

The maximum time of days is taken by the insurer to settle a payment for a claim after it is approved.

2. How important is claim settlement ratio of the company in car insurance?

Claim settlement determines the credibility and loyalty to customers of the insurance company. The security of the claim depends upon this ratio and analyzing it before purchasing is of prime importance.

3. Third Party Or Comprehensive Coverage, Which should I buy?

Well it depends upon the needs of the car owner, whether he wanted extensive coverage or limited coverage. Comprehensive coverage can promise you safety from perils, disasters, personal accident, loss of parts, third party liability etc

Whereas, third party liability will only cover the loss/ harm done to other party vehicle by the insured Honda car.

4. Is car insurance compulsory in India?

Yes, insuring your car after the moment you purchase has become an obligation under the guidelines of IRDA. Both private and commercial cars.

5. What is the limit of making car insurance claim in a policy period?

There is no limit but it is always suggested to make claim for major losses and avoiding claims for minor repairs. However, one can find restrictions in number of claims under add-on covers.

Last updated on 17-06-2019

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