Skoda Laura Insurance

The Czech automobile manufacturer Skoda launched a premium sedan model named Laura in 2005. Installed with advanced engine technology and superior refinements, Laura was preferred by a vast number of motorists. However, in 2015, Skoda discontinued the production.

Existing owners of this car model need to obtain Skoda Laura car insurance to secure optimum financial security. Also, by law, it is mandatory to get third-party insurance cover to avoid charges related to third-party damages caused by your car.

If you plan to buy a second-hand model, it is wise to opt for a comprehensive cover for better protection. Prominent insurance providers like Digit offer several insurance options inclusive of additional benefits.

Keep reading to know about the features of Laura, the significance of car insurance policies and reasons to choose Digit’s Skoda Laura insurance.

Go through the below reasons to understand the significance of car insurance covers in India.

1. Third-Party Liability Protection - As the name suggests, a third-party insurance policy provides financial coverage for the losses caused by your car to another vehicle, person or property. 

1. Necessary Legal Compliance - If you do not buy or renew car insurance covers, you must bear a hefty penalty of ₹ 2000. If repeated, be ready to pay a fine of ₹ 4000.

1. Personal Accident Cover - If the policyholder dies or undergoes permanent disability due to a car accident, his or her family members can claim a significant payout from the insurer. The IRDAI has mandated this scheme for every Indian car owner.

1. Own Car damage Security - Unlike third-party cover, comprehensive coverage ensures financial security in the event of theft or irreparable damage. However, to utilise this benefit, third-party policyholders need to obtain a standalone own car damage protection.

1. Advantage of No Claim Bonus - For every non-claim year, you earn discounts against your Skoda Laura insurance price.

If you buy or renew your car insurance for Skoda Laura from Digit, your premiums will be reduced by 50% for 5 straight non-claim years.

A Skoda Fabia car insurance policy comes with a host of benefits. Some of them are mentioned below:

• Protection against Third-party Damages - A basic third-party insurance plan is mandatory as per the Motor Vehicles Act. It covers damages caused to a third-party person, property and vehicle by your Skoda Fabia. 

• Own Damages Cover - Although third-party insurance for Skoda Fabia will cover damages caused to third-party, it does not offer coverage benefits for own car damages. To that cause, one must obtain a comprehensive car insurance policy and get complete coverage for damages caused to own a car due to natural disasters, accidents, theft etc. 

• Personal Accident Cover - Some accidents might result in permanent total disability and even death. In that case, a car insurance policy will enable its policyholders or nominees to receive compensation. As per IRDA, a personal accident cover is available irrespective of the plan you choose. 

• Protection against Financial and Legal Liabilities - A car owner without car insurance is liable to pay a fine of up to ₹2000 for a first time offence and ₹4000 for the second time. Furthermore, without valid insurance, an individual needs to bear the costs of damages caused to his Skoda car out of his pockets. Therefore, it is better to pay Skoda Fabia insurance price compared to bearing hefty fines and repair costs in the long run. 

• No Claim Bonus - If you do not raise a claim on your Fabia insurance for a year within your policy term, you are eligible to receive a No Claim Bonus on your premium amount. This is a discount of up to 50% available during policy renewal. 

Additionally, insurers like Digit offer a range of benefits for their car insurance policyholders.

The engineers at Skoda incorporated the following features in Laura to strengthen its presence in the C+ segment. Available in 17 variants, Skoda Laura models possessed-

• The Skoda Laura diesel versions were installed with 1896 cc and 1968 cc engine options. The petrol variant had a 1798 cc engine.

• Laura was available with Manual and Automatic transmission options.

• Based on the fuel type, Laura models offered 13.4 to 20.00 kmpl mileage.

• The ground clearance of these vehicles was 164 mm.

• This 5-seater sedan is a 4 cylinder unit of 4569 mm length, 1769 mm width and 2578 mm wheelbase.

• Some of the additional features were power steering, power windows front, drive and passenger airbag, automatic climate control, ABS and more.

As Laura versions lack modern technological specifications, they are more prone to accidents and other risks. This justifies the importance of obtaining car insurance for Skoda Laura.