Mitsubishi Car Insurance

Mitsubishi is an old market player in India. The Mitsubishi Motor Corporation (MMC) entered Indian in 1998 with a technical collaboration with Hindustan Motors. Their manufacturing plant was established in Chennai. In the year 2016, Renault-Nissan Alliance bought a 34% controlling stake in MMC. 

HM Mitsubishi is a Japanese car brand. They have introduced reasonably fuel-efficient cars. Not only this, cars from this brand are worth buying as they have low maintenance costs also. It once ruled with its Lancer model which was considered the most reliable car. 

The way Mitsubishi steered the market with Lancer, the company plans another bang with its upcoming three models. For now, they have three SUV models for sale in India that are Outlander, Pajero Sport, and Montero. The price for their inexpensive models: Outlander is Rs.32.02 lakhs and Pajero Sport is Rs.33.09 lakhs. While the top model in the line, Montero starts from Rs.68.63 lakhs. Out of these three models, the Mitsubishi Outlander is the petrol model and the rest two are diesel versions.

Considering the cost of cars, you should also think of buying a car insurance policy. Though the cars are low maintenance still insurance will be helpful. It is a mandatory document you must carry while driving in India.

Top Reasons to Choose Mitsubishi Cars?

• Warranty: It is the brand that thinks for its customers. Mitsubishi offers an excellent warranty, the best in the automotive industry. It may include a few years of Anti-Corrosion/Perforation Warranty to protect the exterior of the car. You may also get standard roadside assistance for a few years.
  
• Great Engineering: Mitsubishi makes all the cars with cutting edge technology. It includes All-Wheel Control to transfer power to all wheels when needed. You will also get MIVEC Engine Technology for fuel-efficiency.
  
• Reliability: The brand claims that they give reliable cars. You need not worry about breakdowns or costly repairs.
  
• Fuel-Efficient Cars: Mitsubishi claims that their cars are fuel-efficient.
  
• Feel like a king: Just take a test ride in any of the above-mentioned SUVs, it is guaranteed that you will feel like the ruler of the roads for some time. Yes, the stand of these cars is an absolute head-turner.
  
• Serious off-roading: These cars are capable of taking on any road, powerful engines and big wheel arches will enable you to cross the hills!!! A long drive on highways is a cake-walk for these beasts.
  

• Legal Compliance: As per the Motor Vehicles Act, it is mandatory to have a Car Insurance. You are not allowed to drive a car without an insurance policy. And if you do so, you will be bound to pay Rs.2000/- as a penalty imposed.
  
• Own Damage Repairs: Car Insurance Policy will pay you when your car needs repair due to some damages. Such losses may arise due to fire, theft, accident, and natural calamities.
  
• Third-Party Legal Liability: If you happen to hurt someone or damage a third person’s property, then you are responsible to pay for such losses. With an insurance policy, the insurance company will take such responsibilities on your behalf even when you are at fault.
  
• Widen the Basic Car Insurance: When you wish to extend the basic coverage, you can buy some add-on covers. It will help you protect your car for losses that are not covered under the basic car insurance policy such as tyre bulges, tyre bursts, engine breakdown due to water ingression.
  

Factors that affect Mitsubishi Car Insurance Premium

• Type of Insurance Policy: For a Car Insurance, if you buy a Comprehensive Package Policy, then the premium will be more in comparison to that of the Third-Party Liability Policy. It is because the Comprehensive Package has the components of Own Damage Cover and Third-Party Liability.
  
• Age of the Car: If the age of the vehicle is more, then a higher depreciation will be applicable and the IDV will be reduced. So the insurance premium may also decrease with time.
  
• Value of the Car: The IDV that you choose will affect the premium. For a low IDV, the premium will be less and vice versa. 
  
• Add-On Covers: For every add-on cover you choose, the premium will increase. The coverage with any add-on comes with the additional premium payment.
  
• No-Claim Bonus: You get a discount for every claim-free year. This is allowed at the time of renewal of your car policy.
  
• Age of the Vehicle: Over the course of time, the depreciation cost on your car increases. In contrast, the IDV of your vehicle decreases. Both of these factors may lead to a decline in your premium amount.
  
• Geographical location: The location where the car is going to be used has a great impact on the premium. Such as, for urban cities where the number of cars is higher, the premium will be comparatively higher. It is because the probability of accidents becomes high due to vehicle density on the roads.
  
• Engine Capacity: The engine capacity determines the price of the third party premium which is a part of your car insurance premium. So higher the CC of the car engine, higher will be the premium. 
  
• Voluntary Deductible: When you decide to make a contribution in the claim amount, then it is called as choosing a voluntary deductible. Higher voluntary deductible results in a lower premium.
  

• Premium Rate: Digit Insurance offers you quite competitive premium rates. There are not any hidden costs and every computation is kept transparent. As no middlemen are involved in the online process, the premium becomes low as their commission is excluded.
  
• Choice of Insurance Policy: You can choose from the two types of Motor Policies, one is Comprehensive Package Policy and the second is Third-Party Liability Policy. In the former, you get coverage for your own damage and third-party losses. Whereas under a standalone TP policy, only the third-party damage is covered.
  
• Offers add-on Covers: The insurance company offers add-on covers like Tyre Protect Cover, Zero Depreciation Cover, Breakdown Assistance, Engine and Gearbox Protection, and Consumable Cover. For Mitsubishi, you can buy Engine and Gearbox Protection Cover. It helps you at the time of any loss that may arise in any circumstances like water ingression, lubricant leakages, etc. Other than this, you can buy Zero Depreciation Cover. It will help you to save some money at the time of claim as the depreciation value will not be considered.
  
• Allows to choose an IDV: Digit Insurance allows the customers to choose an IDV for their car. Depending on the value, the premium is computed.
  
• Online and Convenient Procedure: With Digit you can buy the policy online. For claims, you can upload the documents from your smartphone. The process is based on self-inspection.
  
• Wide Cashless Network of Garages: Digit Insurance has tied up with the wide network of garages to offer hassle-free cashless repairs to you.
  
• High-Claim Settlement Ratio: The claim service of Digit Insurance is incomparable with a fast and high claim settlement ratio.