Established in 1899, Renault Group is a French multinational automobile manufacturing company. It essentially manufactures cars and vans in recent times. However, the company used to produce trucks, tanks, tractors, aircraft engines and autorail vehicles. As of 2016, it became the ninth-largest automaker in the world by production volume.

Further, Renault cars actively participated in motorsport events like rallying, Formula 1 and Formula E. The company is also known for selling over 2,73,000 units of electric vehicles worldwide throughout December 2019.

A wholly-owned subsidiary of this multinational company, Renault India Private Limited, was founded in October 2005. This company currently has four Renault car models for Indian buyers. With a manufacturing facility in Chennai, it has a capacity of producing 4,80,000 units of Renault cars per year.

As of 2020, the Indian subsidiary of this French automaker sold more than 89,000 units of Renault cars across India. Thus, it is evident that car models from this brand are in demand among Indian motorists.

If you own one of the Renault cars, you should consider obtaining or renewing Renault car insurance. A car insurance policy is handy when your car incurs damages from an accident or other unfortunate situation. Without valid insurance for Renault cars, you need to bear the exorbitant repair costs out of your pocket.

In addition, the Motor Vehicles Act, 1988 mandates the possession of at least a third-party insurance plan to avoid hefty fines. Hence, by obtaining car insurance online for Renault, you can reduce financial as well as legal liabilities.

Considering your requirements, several insurance companies offer both third-party and comprehensive Renault car insurance online. The former policy covers third-party damages only, whereas; the latter includes own car damages along with the third party. Besides, insurers offer a number of other service benefits on your insurance plan. You can consider comparing insurance policies before choosing the one that comes with maximum benefits.

To make a decision easily, you can consider Digit insurance due to its affordable Renault car insurance price, add-on benefits, seamless claim process and other benefits.

Following are the Add-ons for Renault 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

Thinking of buying a car? Looking for a reliable car that comes with a low repair cost? If yes, then Renault is the brand for you. This automobile manufacturer has consistently offered high-quality products. The brand is originally from France, and Renault India Pvt Limited is a fully owned subsidiary of Renault S.A France.

Renault came to India in the year 2005 and since then they have churned out some of the finest models of cars. Out of these, it was Renault Duster which has etched its strong presence in the Indian market. Renault has given Indian automobile market, cars of all segments which include a compact SUV Duster, mini-vans Triber and Lodgy, a subcompact car KWID, and an SUV Captur. The price of the Renault Car starts from Rs. 2.83 lakhs and the most expensive car in the top line-up is priced at Rs.12.99 lakhs.

In the year 2012, the brand bagged 23 awards, making it one among the top contenders to bag the most number of awards. In the year 2018, Renault Captur won “NDTV Viewer’s Choice Car of the Year 2018” in the  NDTV Car and Bike Awards.

No matter how strong the cars are made, some unfortunate events may damage your car. The benefits of car insurance come into play during such mishaps. Apart from this, car insurance is a mandatory requirement. Anyone driving without car insurance will be levied a heavy fine.

Why Should You Buy a Renault Car?

Here are the reasons to buy Renault Cars:

• Affordable: Renault Cars are affordable. They fall in the price range of Rs.2.83 lakhs and only goes high up to Rs.12.99 lakhs for the top model. Within this budget, you get bold and powerful cars. Renault Cars are categorized as the most stylish SUV.
  
• Models for all the Segments: From Renault KWID as a subcompact car to SUV Renault Captur, you get good options to choose from. Each model falls within the budget.
  
• Fuel-Efficient Cars: Before buying a car, one important criterion to consider is fuel efficiency. Renault Cars project good mileage statistics for both diesel and petrol variants.
  
• Appearance: The Renault Cars look robust, bold and are made with a boxy appearance. Even their smallest car does have an SUV DNA. It helps you define your preference as well. 
  
• Comfort Features: All the cars from this brand are spacious. The higher models have got rear air conditioning vents, 8-way adjustable driver seat, steering mounted audio control, adjustable steering wheels, and much more.
  
• Reliable and Low Maintenance: Renault Cars are quite reliable in their performance. It will be one of your best decisions to buy a car from this brand as they have low repair costs.
  

Renault is a brand for the masses as they have not priced their cars high. Though the repair cost is also low, buying a car insurance policy will be beneficial. Here’s why you should get an insurance policy for your Renault car:

• Fulfils Legal Requirements: Car Insurance has been made mandatory by the Indian Government. As per the Motor Vehicle Act, no person is allowed to drive a car without an insurance policy. Anybody caught doing so will be liable to pay a fine of Rs.2000/- for the first offence and Rs.4000/- for the subsequent offence. Not only that, imprisonment of 3 months may be imposed and the licence to drive may get cancelled.
  
• Helps Manage Own Damage Expenses: Any damage due to accident, fire, theft and natural calamity may at times go beyond your capacity to afford. Car Insurance policy helps you recover the cost of repairs when the loss may arise due to any of these events.
  
• Helps Resolve the Legal Liabilities: Car Insurance policy will help you pay for legal liabilities if you are held responsible for a third-party loss. If you hit a third party, leading to bodily injury or property damage, then their claim amounts may be huge sometimes. Such expenses are covered under the Third-Party Liability Policy.
  
• Widen the Basic Coverage: Losses arising from factors other than accident, theft, fire and natural calamity like undercarriage damages due to striking objects, transmission failure, water ingression in engines, etc will not be covered under Car Insurance Policy. For this, you will have to buy add-on covers. These come at an additional cost. Add-On covers like Zero Depreciation, Return-to-Invoice Cover, and others help to widen the scope of basic coverage.
  

Factors that Affect the Renault Car Insurance Premium

Some factors that affect the Renault Car Insurance Premium includes:

• Age: The IDV of the car decreases with time and the depreciation value is also applied while calculating the premium. So the premium may decrease as the car gets older. 
  
• Geographical Location: Urban cities have a higher car insurance premium. It is because the probability of accidents is higher due to a large number of cars. 
  
• Type of Insurance Policy: For a Comprehensive Package Policy, the premium is higher due to the component of Own Damage and Third-Party Liability. But in a Standalone Third-Party policy, the premium is lesser.
  
• IDV of the Car: The Insured’s Declared Value (IDV) of your car directly affects the premium. For a higher IDV, the premium will be higher and vice versa.
  
• CNG Kit Installed: If your Renault car is installed with an additional CNG kit then an extra amount will be added to the premium of the car insurance.
  
• Add-On Covers: Each add-on cover comes with an additional premium payment. As you choose add-on covers, the premium will increase. 
  
• No Claim Bonus(NCB): If you go without a single claim for one complete year, you will get an NCB for the next renewal.
  
• Engine Capacity: The Third-Party component in the insurance premium depends on the cubic capacity of the car engine. Higher the cubic capacity, higher will be the premium. 
  
• Voluntary Deductible:  Voluntary Deductible is when you decide to make a contribution to the claim amount instead of letting the insurance company cover it fully. Higher voluntary deductible means a lower premium.
  

Lately, The Third-Party premium amount was increased by the Government of India.

• Flawless Services: Digit Insurance has made everything convenient for its customers. You can buy a policy conveniently online and upload claim documents. The experience from buying a policy to filing a claim is flawless.
  
• Choice of Insurance Policy: Digit offers two types of Insurance Policy. One is the Comprehensive Package Policy that pays you for Own Damage and Third-Party Liability. The other type is a Third-Party Liability Policy. It pays for the losses you incur for the third party bodily injury or property damage.
  
• Calculate the Premium Before You Buy the Policy: Just go to the website, put your registration number or car details and fill some required fields and choose the cover as per your requirement, tadaaaa! A price for your insurance premium will be shown on the screen.
  
• Customizable IDV: Digit Insurance allows you to customize the Insured Declared Value. It is the maximum amount the car insurance company will pay you in the event of a total loss claim. The premium will vary depending on the IDV.
  
• High Claim Settlement Ratio: Digit Insurance takes all the claims with utmost seriousness. The claim settlement ratio is quite high.
  
• Offers an Array of Add-on Covers: Considering the age and the requirement, you can choose from the add-on covers. You can buy a Return-to-Invoice Cover that will help you recover costs if you lose your car in theft or it has been totally damaged in an accident. You can also consider Passenger Cover to protect the passengers in case they suffer from an injury in an accident. A few more add-ons from which you may choose include Tyre Protect Cover, Zero Depreciation Cover, Breakdown Assistance, Engine and Gearbox Protection, and Consumable Cover.
  
• Competitive Premium Rates: The premium rates offered by Digit Insurance are quite competitive. They do not add any hidden cost in the premium. You pay for the cover you choose.
  
• Easy and Convenient: Apart from the online buying and claiming process, your car will be picked up from the doorstep and dropped after the repair.
  

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

Following are a few ways to do so! 

• Choose a Higher Deductible: With your Renault 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 in car insurance 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 Renault 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 Renault insurance purchase or renewal. 

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

Happy driving!