Skoda Octavia Car Insurance Renewal Online

Skoda Octavia
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Octavia Car Insurance

The Skoda Octavia is a family sedan from Skoda Auto. The car was introduced in India in 2002. The car met with success in the market following which an enhanced model was released. The car was discontinued after the introduction of the BS6 norms. It is likely to be re-launched later this year. A limited-edition RS 245 model is right now available in the market.

Key Features of Octavia

The Octavia RS 245 is available in a petrol variant. It has a 2-litre petrol engine of 1984 cc capacity with a 7-speed dual automatic gearbox. The car has a BHP of 241.6 making it the most powerful engine in this series.

The Octavia is a 5-seater car. The fuel tank capacity is 50 litres and the fuel efficiency is 12.6 km/l. The car has a boot space of 590 litres and the ground clearance is 110 mm. It is available in five colour shades- Corrida Red, Rallye Green, Magic Black, Candy White and Race Blue.

The key features of the Skoda Octavia are:

  • 9 airbags
  • Leather-wrapped steering wheel
  • Leather upholstery
  • Virtual cockpit
  • 20.32 cm central infotainment system
  • Colour programmable ambient LED interior lighting
  • Panoramic electric sunroof with a bounce-back system
  • 45.72 cm R18 dual-tone alloy wheels
  • Hands-free parking

Premium for Octavia Car Insurance

The insurance premium for the Skoda Octavia depends on the car variant, the year when the car was registered, the RTO where it was registered, among others. The following is the premium for the one variant of Skoda Octavia available in the market:

Car VariantPrice of the CarIDV*Zero Depreciation (Add On)*Premium*
Skoda Octavia RS 245 Petrol 1984 ccRs.35,99,000Rs.28,97,000Rs.13,037Rs.30,378

*The prices are calculated for a 2018 Octavia car registered in Chennai.

Inclusions & Exclusions of Octavia Car Insurance

Inclusions:

  • In case your car is stolen, you can claim for the losses incurred since theft is included under the insurance policy.
  • Damages caused to your car in an accident are included allowing you to make a claim.
  • Any damages caused to the property of a third-party or an injury caused to a third-party are covered by the policy.
  • In case of your car being damaged by fire, explosion, or any man-made hazard like an act of arson, vandalism or riots, you can claim for damages.
  • Damages due to natural calamities like floods, cyclones, landslides, and earthquakes are included.
  • Damages caused during transit are included.

Exclusions:

  • Damages caused in an accident where the vehicle was being used for any illegal purpose or if the driver did not have a valid driving license are excluded from the policy coverage.
  • Your claim will be denied if you were driving the car under the influence of alcohol or drugs.
  • Your claim to damages caused during a riot will be denied if you were involved in the riots.
  • Any claim for damages that is deemed to be fraudulent, deliberate, or intentional will not be accepted.
  • The policy includes driving the car for personal use. Driving for commercial purposes or for racing (leading to damages) is excluded.
  • General wear and tear are excluded.
  • Damages caused to the engine and engine parts, as well as damages to tyres and tubes are not covered by the policy.
  • Mechanical failure, electrical breakdown, damage to chassis and damage due to rusting are excluded.
  • Any damages to accessories are not covered under the policy.
  • Consequential damages are excluded.

Add-ons Benefits

An add-on cover is an addition to your insurance policy. It extends the scope of the policy by including certain exclusions. Add-ons allow you to make a higher claim and are beneficial. Some of the add-ons to consider adding are:

  • Zero Depreciation preciation add-on is very beneficial as it provides you bumper-to-bumper coverage You can get a higher claim payout since depreciation for various parts is not calculated.
  • 24x7 road assistance is an add-on that entitles you to get free assistance on the road for any car-related problems like a car breakdown, towing after an accident, battery jump-start, tyre blowout, etc.
  • Accessories cover is an add-on that allows you to claim for accessories damaged in an accident. Normally, they are excluded but this add-on gets them included.
  • Consumables cover allows you to claim for the cost of consumables like oil, nut, screws, and bolt used in the car repair, which are not allowed under the basic policy.
  • Tyre protector is an add-on that ensures the tyres and tubes are covered under the policy, allowing you to claim for any damages.

Renewal Process of Octavia Car Insurance

It is important to renew your Octavia car insurance policy on time. You can do it through PolicyX.com in an easy and convenient way, which is described below:

  1. Scroll to the top of this page and find the 'Get Instant Quotes' form.
  2. You can enter your registration number and choose 'Get Quotes' to get premium prices. In case you don't want to share your number, click on 'Proceed without car number'. You need to type out the car model, variant, RTO code, and year of registration. Then click on 'Renewal' and 'Continue'.
  3. You will see quotes from different insurers, including your present insurer. Compare rates and select an insurer.
  4. You will be taken to the website of the insurer, where you can complete the transaction and make the payment.
  5. Once your transaction is complete, you will receive a copy of the policy by email.

Skoda Octavia Car Insurance: FAQs

1. If I meet with an accident, can I get claim damages in case I suffer any disability due to the accident?

Comprehensive insurance allows you to claim damages for disablement. In the case of disability/bodily injuries/death, you or your family will get an amount of up to 15 lakhs. If you have not obtained this insurance, you cannot make a claim.

2. I am moving to another city due to personal reasons. What should I do about my Octavia car insurance policy? Will it be valid?

Your car insurance policy is valid anywhere within India. However, since you are changing your address, it is mandatory that you need to inform the insurer about it. They will then send you a revised policy with your new address, which will be required in case of a claim.

3. I heard that opting for a voluntary deductible amount would reduce my insurance premium. How does this work?

A voluntary deductible is a sum that you chose to pay in the event of an accident. After you pay this deductible, the insurance company will pay the remaining costs. Since you have voluntarily chosen a deductible, you will be entitled to a discount on your car insurance premium.

4. I sold my old car and have purchased an Octavia RS 245. Can I get the NCB of my previous car transferred to my new car?

Yes, you can and must do this. The NCB belongs to you and not the car. The NCB increases for every year you don't make any claim, thus entitling you to a discount on your insurance premium. Do not allow this to lapse and get the NCB transferred by letting your insurer know.

Last updated on 22-06-2020