Nissan Car Insurance

Nissan Motor Corporation is a Japanese multinational automobile manufacturing company founded in December 1933. Along with being the sixth-largest automaker in the world in 2013, it became the largest manufacturer of Electric Vehicles (EV) as of April 2018. The company sold more than 3,20,000 units of all-electric vehicles worldwide.

The Indian subsidiary of this manufacturing company, Nissan Motor India Pvt Ltd, was incorporated in 2005. It quickly became a perennial favourite car manufacturing company among Indian buyers thanks to its series of a hatchback, MUV, SUVs and sedans.

Further, this company has a portfolio of two brands - Nissan and Datsun. Some of the recent models launched in the Indian commuter market include Nissan Kicks, Nissan Magnite, Datsun Go, Datsun Go+ and Datsun Redi-Go.

As per Nissan’s recent reports, it sold around 27,000 units in April-December 2021 across India. If you are an owner of a Nissan car or planning to buy one in the coming year, you should be aware of the risks and damages it is susceptible to during an accident. Repairing such damages can cost you a fortune and increase your financial burden.

However, you can opt for a Nissan car insurance plan from a reputed insurer and get coverage for such costs. Insurance companies in India offer both third-party and comprehensive insurance policies for your Nissan car.

According to the Motor Vehicles Act, 1988, it is mandatory to obtain third-party insurance for Nissan cars to avoid traffic penalties along with third-party liabilities. Nevertheless, it is practical to choose a well-rounded, comprehensive insurance plan that covers both own car and third-party damages.

In this regard, you can choose insurers like Digit to obtain Nissan car insurance online. This insurance provider comes with a host of benefits such as an easy claim process, a range of network garages, cashless repairs and more. Additionally, it offers an affordable Nissan car insurance price that helps in reducing financial liability.

Thus, before obtaining car insurance for Nissan, you can consider Digit and maximise your benefits.

Following are the Add-ons for Nissan 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

Nissan is the world’s topmost automakers from Japan. The brand has built its distinct identity with constant innovations, state-of-the-art designs and innovative technology. In India, Nissan started its operation in the year 2005 under Nissan Motor India Private Limited. The brand has given us midsize luxury cars Nissan Teana to ravishing sports cars like Nissan 370Z. Other than these, Nissan India has offered affordable cars like Nissan Sunny, Nissan Micra, and Nissan Evalia.

One of the manufacturing units is located in Chennai while others are on the outskirts of Chennai in Oragadam. This Indo-Japanese congregation has introduced models from the small yet appealing hatchback Nissan Micra to the roomy sedan Sunny. You may get affordable yet comfortable cars from Nissan which starts from Rs.5.25 lakhs. The highest-priced car from Nissan is GTR worth Rs.2.12 crores.

Out of all the models, Nissan Micra bagged the “Car India Small Car of the Year Award” in 2010. While Nissan Terrano has been awarded 5-star ratings across performance, style, and comfort. It is India’s most appealing SUV.

In the mid-range segment, all the cars from Nissan are affordable. You can choose either a petrol or diesel variant. The cost of service also falls within the budget. Nevertheless, having car insurance has its own set of perks. Car Insurance is a mandatory document which you should carry. Without it, you will have to pay a heavy penalty.

Reasons to Buy a Nissan Car?

Here are the reasons for you to buy Nissan cars

• Affordable: Nissan cars are quite affordable. You get a budget-friendly luxury car that is visually appealing as well.
• Safety Features: The Indo-Japanese carmaker keeps safety on priority. The team of designers and manufacturers have installed safety devices like traction control, stability control, front-side airbags, and even rear-view cameras.
• Low Maintenance Required: Cars from Nissan are durable and would need less maintenance. And if that case arises, you will be satisfied with their wide range of service stations.
• Fuel-Efficient Cars: Nissan Cars are fuel-efficient. You will be able to travel long distances easily.
• Technological Upgrades: Nissan has always been at the forefront when it comes to upgrading their technologically. The current models are equipped with Nissan Intelligent Mobility.

It is important to buy Nissan Car Insurance as it will:

• Make Yourself Legally Compliant: Car Insurance policy will make you legally compliant. As per the Motor Vehicles Act, it is one of the mandatory documents you should carry while driving. Failing to do so, you will be liable to pay a fine of Rs.2000/-. Not only that, you might even have to face imprisonment of 3 months and your driving licence may get cancelled.
• Save Yourself from Own Damage Expenses: If your Nissan gets damaged because of an accident, fire, theft or a natural calamity like a flood, then the cost of repairs may become unaffordable. Such losses are covered under the Car Insurance Policy. You may either get a cashless facility or reimbursement. 
• Help You for Third-Party Legal Liability: When you injure a third party’s body or damage their property, then you are responsible to pay for the losses. Your car insurance policy will pay on your behalf.
• Enhance the Insurance with Add-On Covers: Losses other than fire, theft, natural calamity or accident are not payable under Comprehensive Car Insurance. But sometimes your Nissan may face damages like the bursting of the tyre, seizure of engine among other mishaps. Loss arising from these are not covered and hence you would need add-on covers. You can enhance the cover by paying the extra premium for these add-on covers.

Factors that Affect the Nissan Car Insurance Premium

The premium will differ because of different reasons.

• IDV of the Car: The Insured’s Declared Value (IDV) of your car will affect the premium. For a higher IDV, the premium will be higher and vice versa.
• Add-On Covers: Any add-on cover you buy comes with an additional premium payment. Each add-on cover has its rate. The premium will increase with the number of add-ons.
• No Claim Bonus (NCB): You will get an NCB for the next renewal if you do not file a single claim for one complete year. For each succeeding year for which you haven’t filed a claim, the percentage of bonuses also increases.
• Geographical Location: Metropolitan cities have a higher car insurance premium. It is because the probability of accidents is higher due to numerous vehicles and heavier traffic.
• Additional CNG Kit: If you are opting to install a CNG kit in your car then the premium will be affected, as the CNG kit also needs extra protection. Some minimal amount will be added to the insurance premium in case of addition of a CNG kit to the car.
• Age of the Car: The age of the car affects the car insurance premium. For new cars, the premium will be more but an insurance company may offer you discounts. For cars that are very old, the premium charged will be comparatively low because of the low IDV value and ineligibility to buy many add-ons.
• Type of Insurance Policy: The premium is higher under a Comprehensive Package Policy. It is due to the component of the Own Damage and Third Party Liability Cover. But in a Standalone Third-Party, the premium is lesser and fixed.
• Engine Capacity: Car Insurance Premium depends on the engine capacity of the Car to some extent. Third-Party component of the premium is dependent on the cubic capacity of the engine. Higher the engine CC, higher will be the premium.
• Voluntary Deductible: When you decide to make a contribution in the claim amount, then it is called choosing a voluntary deductible. Higher voluntary deductible means a lower premium.

• Indisputably High-Quality Service: Digit Insurance has made everything handy for you ‒ from buying a policy to claiming, everything is online. To offer consolation, they have created a wide network of repair garages.
• Choice of Insurance Policy: Digit offers two types of policies. One is the Comprehensive Package Policy that pays you for your damages to your vehicle and third-party legal responsibility. The second option is the Standalone Third-party Liability Insurance. It will pay for the losses you incur because of bodily harm or property damage to the third party.
• Customizable IDV: Digit Insurance allows you to choose an IDV for your car. Opting higher IDV will attract more premium and provide wider protection.
• Offers Enhanced Cover with Add-ons: Digit Insurance offers add-on covers like Zero Depreciation, Return-to-Invoice Cover, Consumable Cover, Breakdown Assistance Cover, Passenger Cover, Tyre Protect Cover, and Engine and Gearbox Protection Cover. For Nissan, you can buy Engine and Gearbox Protection to prevent expenses when your engine fails under any condition including accident. You may also choose Zero Depreciation Cover to prevent deduction applicable to the spare parts while a claim is made.
• High Claim Settlement Ratio: The services of Digit Insurance in terms of claim settlement are excellent. The claim settlement ratio is high. The claims are processed quickly and based on smartphone-enabled self-inspection.

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

Following are a few ways to do so! 

• Choose a Higher Deductible: With your Nissan 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 Nissan 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 Nissan insurance purchase or renewal. 

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

Happy driving!