Important Facts Regarding Renault Kwid Car Insurance

The Renault Kwid is a five-seater subcompact crossover car. Launched in 2015, it was the first car to be based on the CMF-A platform developed by Nissan and Renault. It has an SUV-inspired design with a lot of space and efficient performance. It was designed to compete within the Indian small car market segment.

The Kwid comes with various security features, including airbags, an anti-braking system, an overspeeding alert, a reverse parking sensor, etc. If you are investing in a Renault Kwid, you must consider buying a four-wheelers insurance policy. Many insurers offer online car insurance. You can opt for a Renault Kwid Insurance plan that includes third-party liabilities and damages to your car. You can opt for add-on covers with this plan and customise it to your needs. Today, we will be talking about Renault Kwid car insurance and share some important information about it.

About Renault Kwid

The Kwid is a powerful subcompact SUV from the house of Renault. It is designed for efficient performance in city traffic and maximum power during road trips. It stands out with its Signature Ornate Lighting, including headlamps designed on the theme of an SUV, tail lamps with LED guides, and silver streak daytime running lights. With a boomerang-shaped roof, arching roof rails, and a stylish grille, it is surely a head-turner.

It is available in seven different colours, including Ice Cool White, Zanskar Blue, Fiery Red, Ice Cool White with Black Roof, Outback Bronze, Moonlight Silver, and Metal Mustard with Black Roof. The average ex-showroom price of the Renault Kwid ranges between ₹4.64 lakhs and ₹6.09 lakhs.

Why Do You Need Insurance for Renault Kwid?

While the Renault Kwid has a sturdy body and robust design and comes packed with a range of security features, it is exposed to the risks of damage due to accidents and collisions. Such incidents can damage the insured car or a third-party property and/or person. They can also result in the injury or death of a third-party person. The costs of treatments (in case of injuries) and repairs if the accident/collision is caused by your car can dent your finances.

When you buy Kwid Insurance, the insurer offers financial protection during such incidents. It also offers coverage for damages to your car due to accidental fires, theft, man-made disasters, and natural disasters.

Insurance cost for Renault Kwid

The insurance cost for a third-party Kwid insurance policy is determined by the Insurance Regulatory and Development Authority of India (IRDAI) and fixed across insurance providers. However, if you are looking to buy a comprehensive Renault Kwid policy, then the premium can vary based on a range of factors, including:

  • The make and model of the car
  • The age of the car
  • Your geographical location
  • The choice of the type of policy (third-party or comprehensive)
  • Voluntary deductible
  • Add-on covers chosen
  • Claim history or No Claim Bonus

Add-on covers with Renault Kwid Insurance

There are different types of add-on covers available with Renault Kwid Insurance. The most common ones are:

  1. Zero Depreciation cover: Also called Bumper to Bumper Car Insurance, when you buy a zero depreciation cover, the insurer does not consider depreciation while calculating the claim amount.
  2. Roadside Assistance cover: This cover offers assistance like emergency towing service, spare key arrangement, etc., if your car breaks down in the middle of the road.
  3. Personal Accident cover: This cover compensates the owner-driver if he gets disabled or dies due to an accident involving the insured car

Summing Up

When you buy a Renault Kwid, you are legally required to purchase an insurance policy that offers at least third-party liability cover. However, since these policies do not cover damages to your car, you can opt for a comprehensive Kwid car insurance plan for maximum protection. Before buying a plan, make sure that you compare providers and plans and choose deductibles and add-on covers based on your needs. Good Luck!

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