Audi Car Insurance

A German automobile manufacturer of luxury vehicles, Audi AG, is a subsidiary of Volkswagen group. The company was incorporated in July 1909 and manufactured vehicles in 9 production facilities around the globe.

Audi cars are famous worldwide owing to their advanced AI technology, galvanised bodyshells, drivetrains, space frame and more. Further, these cars actively participated in motorsport events like Formula One and Le Mans series.

Among all the other divisions, Audi’s Indian subsidiary was established in 2007. It produces a number of models such as Audi Q7, Audi A4, and Audi A6 that are available in the Indian commuter market. Thanks to Audi’s German technology, the company sold around 78,000 units between 2007 and 2019.

However, if you are an Audi car owner, you should know that, like other vehicles, your car can incur damages from an accident despite its advanced features. Considering this, you should obtain Audi car insurance and cover the hefty repair costs that can burn a hole in your pocket.

A well-rounded insurance policy for your Audi car is beneficial as it secures your finances during an accident or other unfortunate events. Insurance companies in India offer basic third-party insurance for Audi cars that covers third-party damages. Nevertheless, for additional protection against own car damages, you can obtain a comprehensive insurance plan.

Besides reducing your financial liabilities, car insurance for Audi also helps you to avoid legal repercussions. As per the Motor Vehicles Act, 1988, possessing a basic insurance plan is mandatory. Without valid insurance, one has to bear fines of up to ₹4000 depending on the frequency of offences.

Thus, you should consider obtaining Audi car insurance online from a reliable provider after thorough research. One such renowned insurance company in India is Digit. Car insurance policies from this insurer come with a number of benefits like affordable Audi car insurance price, online claim procedure, add-on policies and more.

Following are the Add-ons for Audi Car Insurance:

• Zero Depreciation Cover
• Return to Invoice Cover
• Tyre Protect Cover
• Breakdown Assistance
• Consumable Cover
• Engine and Gear-box Protection Cover
• Daily Conveyance Benefit
• Key and Lock Protect
• Loss of Personal belongings
• Pay as you drive Cover
• EV Shield Add-on Cover

Audi has established its strong foothold in the Indian market, making this German car brand one of the top preferences amongst buyers. Audi has around 12 models each made by Audi India Private Limited in Aurangabad, Maharashtra. The cars from this brand fall in the price range of Rs.28.99 lakhs to Rs.2.72 crores.

Having introduced incomparable models year after year, Audi has managed twin wins in India recently. Audi Q5 was called the “Luxury SUV of the Year” in Car India and Bike Awards, 2019. Another win was for Audi RS 5 Coupe for the “Performance Car of the Year” in the 11th Edition of Times Auto Award. Audi is gearing up towards introducing electric variant, a move towards creating a more sustainable future.

Audi defines luxury. But with luxury comes the higher cost of spare parts and repair. And it is a tough job to keep the cars intact on Indian roads. Hence, when buying an Audi, ponder about car insurance as well.

Getting car insurance is not just to save you from the exorbitant repair costs. It is mandatory for all vehicles playing on the roads in India to have an insurance policy. Without insurance, you will be slapped with a heavy fine.

Before going into the details of insurance policies, let’s first skim over why you should buy an Audi.

Why Should You Buy a Audi Car?

When there is a huge amount of money involved, then deciding about a brand like Audi calls for thorough research. Here is why you can think of buying an Audi car.

• Reliability: It is one of the top-ranked reliable European car brands. The makers claim that Audi cars can travel for long distances without warranting much in repairs.
• Models in Different Segments: Audi has a dazzling line-up of cars for customers to choose from. You can have from SUV to Sedan, all conditioned for every Indian road. Audi Q3, Audi A3, and Audi Q7 are amongst the most popular cars of this brand. For a budget within 50 lakhs, Audi provides the luxury cars Audi Q3 and Audi Q5. Audi S5 is a good choice for anyone wanting to stretch their budget up to 75 lakhs.
• Attractive and High Performance: Audi cars have a striking appeal which is beloved by all. It is hard not to notice the famous logo of the four intermingled circles. The brand makes for its reputation not only for the features but also for the uncompromising comfort that it offers. This high performing vehicle is guaranteed to offer a smooth drive.
  
• Indisputably Sharp and Technology-enabled: All models of Audi have cutting edge in-car technology-enabled. Audi is known as a trendsetter in the automobile industry worldwide. From LED DRLs to smart parking assist system, Audi is a pioneer in bringing the futuristic features into the car industry.
  
• Environmental Friendly: That’s what you want: Audi has steadfastly improved itself in creating environmentally-friendly cars. Their constant innovations on the car’s engine have brought down the CO2 emission. This has also improved the efficiency of cars.
  

It is needless to say that Audi is a brand for the rich class of the society for whom grandeur matters a lot. Spending more on the car in repairs, theft or other damages can be a nagging fear. An insurance policy can relieve you of this worry. Here’s how an insurance policy can go a long way in protecting your precious vehicle.

• Gotta Follow the Law: As per the Motor Vehicle Act, an insurance policy is essential. Buying an insurance policy has been made mandatory by law. A Third-Party Cover is a must purchase if you put your Audi to drive on the road. In simple words, it makes you legally compliant. And if you skip buying it, then you will be bound to pay a fine of Rs.2000/-. 
  
• Covers Third-Party Liability: If someone is injured or suffers from any property damage in an accident for which you are responsible, then you are accountable to pay for those liabilities. Sometimes the third-party claims can be beyond your capacity. If you have third-party insurance then it will take the responsibility of your third-party liability and will also protect you against legal fines.
  
• Protects You Against Loss: If you are opting for comprehensive insurance, it will cover both your own damage and third-party liability. Apart from these advantages, you can always choose multiple add-ons, if you want to increase the scope of coverage. These add-ons come at independent costs and protect your car in specific situations. There are numerous add-ons available such as engine & gearbox protection, return to invoice, consumable cover, etc.
• Dodge the High Repair Cost: Buying and maintaining an Audi, both are expensive. Such cars come with technologically advanced and complex spare parts. Any damage to your Audi will screw your wallet. So buying an Audi car insurance will always be a wise decision. 
  

Factors that Affect the Premium for Audi Car Insurance

Some factors that will affect the premium of your Audi Car can be noted as:

• Geographical Location: The zone in which you live, or the car is going to be used governs the premium rate. It relates to high accident rates and a high probability of vandalism and theft.
  
• Age of the Car: With the growing age of your car the Insured’s declared value drops and the value of depreciation rises. So this may cause a drop in the insurance premium with passing time.
  
• Type of Insurance Policy: There are two types of policies in India: one is Third-party Liability Cover and the second is Comprehensive Cover. Depending on the type you choose the premium will vary.
  
• High Valued Luxury Cars: Expensive cars have higher IDV. It indicates that the premium will be higher. It is because the cost of repairs and spare parts needed is also high.
  
• Voluntary Deductible: If you pay the voluntary deductible, that is, you agree to pay an additional portion of the claim from your pocket, then you could enjoy a discounted premium and vice versa. Higher the voluntary deductible, lower is the premium.
  
• Add-ons Associated: Add-ons come at independent costs. The more protection you opt for, the more will be the premium. Widening the scope of coverage comes with its own cost.
  
• NCB: No claim bonus is a luring reward that the insurance company will give you for not making claims in a specific tenure. If you don't claim until the first renewal of your policy, you win a discount on the premium for the following year.
  

• Choice of Insurance Policies: Digit offers two types of Insurance policies for Audi cars. One is the Third-Party Insurance that only covers the injury and property loss of a third party who suffers in an accident caused due to your fault. This is the minimum insurance that you will need to drive legally on Indian roads without which you will have to pay heavy fines. The other one is the Comprehensive policy which is a shield for your car against accidents, theft, fire, natural disasters and third-party losses. This is always suggested as Audi is an expensive car. So the high cost of repair works can be taken care of by the insurer.
  
• Get Extra Coverage with Suitable Add-ons: Add-ons are designed to provide more coverage to your plan. You can choose from various add-ons offered by Digit such as the Zero Depreciation Cover, Engine and Gearbox protection cover, Consumable cover etc. For an expensive car like Audi, the  Zero Depreciation Cover will be a good choice since it will not take into consideration the reduction in claim amount due to depreciation in spare parts. The Engine and Gearbox Protection Cover will also protect you against any repairs for damages in the engine and transmission line, especially for a car like Audi that has expensive parts in it. Return to Invoice cover will also give you peace of mind since the insurer will reimburse the entire invoice amount in case your vehicle is stolen or completely damaged.
  
• Customizable IDV: Insured’s Declared Value is the market value of your car as of today minus the depreciation cost. This value will be reimbursed to you if your Audi is stolen or damaged beyond repair. Now you can customize the IDV as per your requirement, you may choose a lower value if you want to settle for a lower premium or vice versa.
  
• Easy Buying Process: Buying car insurance had never been easier than this. Everything is online and paperless, you just need to feed in a few details and a quote for your car insurance will be shown to you. There are transparent and easy to understand details provided in every step so that you can take an informed decision. Excluding the middlemen in this process saves you on the premium. And if you are stuck somewhere, don't worry! There is a toll-free hotline available to assist you.
  
• Easier Claim Process: The claim process is even easier! It is based on self-inspection. You just need to click the photographs of the damage to your car and send it from your smartphone, and the claim will be processed in a few minutes if valid. After mutual agreement, the damaged car will be picked up from your doorstep and will be delivered to you post repair. 
  

Looking to reduce the premium paid towards your Audi’s insurance? 

Following are a few ways to do so! 

• Choose a Higher Deductible: With your Audi insurance, you will be required to pay a compulsory deductible as per IRADAI directives. Alongside this, you can choose to pay voluntary deductibles during a claim, by virtue of which you can reduce the premium paid towards the policy. 

• Avoid Making Small Claims: If you make claims for small damages, you miss your NCB and consequently do not enjoy any discounts on your premium. Therefore, if your car’s repair is not costing you much, it is better to avoid making claims. 

• Compare Premiums: Make sure you conduct proper research and choose the most affordable policy in the market. In this respect, Digit’s Audi insurance policy (starting at Rs.2702) is cost-effective and offers maximum benefits.  

These are, thus, a few ways through which you can lower the premium for your Audi insurance purchase or renewal. 

However, make sure you do not compromise on your policy benefits while seeking lower premiums payable! 

Happy driving!