Toyota Car Insurance
Founded in 1937, Toyota Motor Corporation was recognized in 2014 as the eleventh-largest company in the world by revenue. In 2012, this Japanese brand also became the largest automobile manufacturer by production. Employing more than 338,875 people, the brand has manufacturing companies in 28 countries and regions. Further, Toyota sells its vehicles in more than 170 countries and regions.
The Kirloskar Group has had a hand to play in the industrialisation of India for over a century. The company’s attempts to innovate has brought India its first iron plough, and it strives to keep the spirit even today. 1997 marked the ambitious beginning of a relationship with Toyota Motor Corporation. Toyota aims for only the best in quality, systems and processes. It also creates more employment opportunities in India as well as more investments.
The quality of cars that Toyota produces cannot be regarded as anything but the best. They offer Indian citizens everything from mid-range cars such as (Toyota Vios) to luxury cars such as (the Toyota Land Cruiser). Whichever car that you pick, remember that you must protect yourself from the financial damage that may occur due to various factors once you take it out of the showroom. This is where car insurance can be a Godsend. Insuring your car can save you a lot of trouble and money, but how will pick one from all the available ones in the market? Research! It is most important to familiarize yourself with all the available Car Insurance out there before comparing them and picking the one that suits your needs and budget best. You will need the most up to date information because offers and discounts keep changing.
Why Insure Your Toyota Car?
- Other than the fact that it is illegal to drive a car in India without a basic, valid car insurance, getting one is just the smart thing to do.
- You can opt for a personal accident cover for passengers and third party legal liability.
- A Comprehensive Car Insurance policy will ensure that your car will be financially protected from any loss or damage which may happen to it in the period of your ownership such as:
- Natural Calamities: explosion, Fire, self-ignition, rockslide, hailstorm, inundation, flood, lightning, earthquake, typhoon, hurricane, storm, tempest, cyclone, frost, landslide etc.
- Man-made Calamities: Burglary, terrorist activity, malicious act, theft, riot, strike, and accident by external means as well as any damage caused to your vehicle while in transit by road, rail, inland waterway, lift, elevator or air.
- Road side assistance:
- If you are in a sticky situation with your car, a breakdown or flat tyre perhaps, you can use the service of road side assistance to simply call and receive help from the nearest network garage.
- Cash less settlement at all network garages:
- Your car has broken down in the middle of a highway? You don’t have enough money to pay for the repair services? These are exactly the situations where you need this coverage. You will get cashless repairing service if it is done from any of the network garages.
- Engine protection coverage:
- It covers damages or leakages caused to the engine of the car due to an accident. This coverage, however, is not available for all Toyota cars.
- Third party liability coverage:
- This gives coverage in case of an accident or collision, where injury or death has occurred to another person or property and you are responsible for the situation.
- Personal accident coverage(Driver and owner):
- This gives you financial coverage in case of any injury caused to the owner or driver.
Discounts on Toyota Car Insurance
- Professional Discount:You can find insurance carriers who give premium to people working in certain professions.
- Safe Driver/ No Accident Discount/ No Claim Bonus:You can get a discount on the insurance premium when you renew your policy for the following year if you have not had any accidents and thus made no claims.
Toyota Car Insurance Partners
The following are some of the insurance companies that offer car insurance for Toyota:
- Bajaj Allianz
- Bharti Axa
- HDFC Ergo
- Iffco Tokio
- L&T
Toyota Car Models Available in India
Model | Engine Capacity | Price |
Toyota Etios Liva | Petrol versions: 1197ccDiesel versions: 1364cc | Rs. 5 - 7.21 lakh |
Toyota Etios | Petrol versions: 1197ccDiesel versions: 1364cc | Rs. 6.11 - 8.93 lakh |
Toyota Etios Cross | Petrol versions: 1197ccDiesel versions: 1364cc | Rs. 6.23 - 7.72 lakh |
Toyota Innova | Diesel versions: 2494cc | Rs. 12.49 - 16.02 lakh |
Toyota Corolla Altis | Petrol versions: 1798ccDiesel versions: 1364cc | Rs. 13.55 - 18.22 lakh |
Toyota Fortuner | Diesel versions: 2982cc and 2494cc | Rs. 24.17 - 27.02 lakh |
Toyota Camry | Petrol versions: 2494cc | Rs. 28.80 - 31.92 lakh |
Toyota Prius | Petrol versions: 1798cc | Rs. 38.10 - 39.80 lakh |
Toyota Land Cruiser Prado | Diesel versions: 2982cc | Rs. 88.81 lakh |
Toyota Land Cruiser | Diesel versions: 4461cc | Rs. 1.29 crore |
NEWS on Toyota
72 percent year-on-year growth recorded by Toyota India
Toyota Kirloskar Motor (TKM) has announced that the company made a year-on-year growth of 72 percent in 2021. Compared to the previous year’s 76,111 units, the company sold a total of 1,30,768 units from January to December in 2021. In the last month of 2021 i.e., December, the company sold a total of 10,832 units compared to 7,487 units during the same period last year.
The Associate General Manager (AGM), Sales and Strategic Marketing, TKM while stating about the sales performance said that the company began the year with a fresh start and renewed hopes of recovery. The latter half of the year saw demand picking up which can be attributed to factors aiding pent up demand initially and later fueled by demand due to the festive season. He added that in 2022 the aim would be to expand the footprints with a special focus on Tier-II and III markets.
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