Aston Martin Car Insurance

Aston Martin Lagonda is a British independent car manufacturer that was founded in 1913. It produces luxury sports cars as well as grand tourers and has its headquarters and main manufacturing unit for its sports cars and grand tourers in a 22-hectare facility situated in Gaydon, Warwickshire, England The sports cars designed by the company are regarded as an icon of the British culture. Aston Martin has more than 160 car dealerships in 53 nations that make it a global automotive brand. The firm is traded at the London Stock Exchange and is a part of the FTSE 250 Index. The company bagged the Queen's Award for Enterprise in the year 2003 for its unparalleled contribution to international trade. Aston Martin is now planning on manufacturing electric vehicles by 2025.

Aston Martin Car Insurance

Every car owner should opt for a car insurance plan while purchasing an Aston Martin car. The insurance policy will protect the car by providing financial coverage in situations like a road accident, theft, or a mishap for loss or damage sustained by the car. The compensation against the damages or losses in an event of a collision or a mishap provides a huge sense of relief to policyholders. Everyone can not afford a car, hence, purchasing it is not that common in society. This increases the significance of car insurance as it can be difficult for many car owners to get their cars repaired after fire, accident, vandalism and so on. Therefore, you should pick a standalone own damage or a comprehensive car insurance plan to cope with such situations.

Every Aston Martin car owner should hold at least a third party car insurance policy while driving, according to the Indian Motor Tariff. The third-party cover is the basic insurance plan which covers the injuries, death as well as property damage of the third party, where the compensation for third party property damage is limited to a maximum of Rs 7.5 lakh. Driving a car without insurance is unlawful which can get you penalised with Rs. 2,000 and/or imprisonment for up to 3 months. The premium for Aston Martin car insurance is based on the Insured Declared Value (IDV), which is calculated by deducting the value of default depreciation of the car parts from the car’s selling price. The depreciation increases with the age of the car. The IDV is the maximum compensation that a policyholder can receive from the insurance provider on making a claim.

You can opt for some add-on covers to increase the coverage of your Aston Martin car insurance. The add-on covers are designed to meet the additional requirements of policyholders and can be included in the policy by paying a little extra premium. Here are some add-on covers that you can add to your Aston Martin car insurance policy:

• Roadside Assistance Cover: If your Aston Martin car suddenly breaks down somewhere, and you become stranded in the middle of the road, this add-on comes into force where your insurance company will send some mechanic or any other help, based on the situation. The assistance can be provided in the form of towing your car to the nearest garage, on-site repair, fuel delivery, and so on.
• Zero Depreciation Cover: This is an add-on cover that shares the depreciation cost applicable to a car to get a higher claim amount. It ensures that default depreciation is not considered while computing the claim amount for your Aston Martin car during claim settlement. The cover is also known as nil depreciation cover or bumper-to-bumper cover. It is mostly applicable to cars less than five years old and can be used twice a year or specified by the insurance company.
• Engine Protection Cover: It is an add-on cover that provides you with coverage for any damage or loss caused to your Aston Martin car’s engine due to troubles like water ingression, electrical or mechanical breakdown of the car’s engine, oil spill and so on. It also gives financial support for the replacement of the engine of your car and its parts. However, this engine protection add-on cover is available for cars that are not more than five years old.

Car Insurance Renewal Process for Aston Martin Cars

The online renewal process for Aston Martin car insurance is quick, easy and hassle-free. It is mandatory for all car insurance policyholders to renew their policies before the due date every year to continue to avail their benefits. Here are the steps for the Aston Martin car insurance renewal process online at the InsuranceDekho portal:

Step 1: Visit the website of InsuranceDekho and click on the ‘Car’ tab.

Step 2: Enter your Aston Martin car’s registration number and click on the ‘Continue’ button. Also, you will have to select the fuel type and variant of your car. If you do not know your car’s registration number, you can click on the ‘Don't know your car number?’ option and choose the make of your car, model of your car, registration year of your car, and so on, to proceed.

Step 3: Enter the expiry date of your last car insurance policy and the name of your previous insurance company. Also, you will have to share if you have made any car insurance claim in the previous policy year and click on the ‘Continue’ link to move ahead.

Step 4: Enter personal details such as your name, mobile number and the term for which you want to purchase the car insurance policy and click on the ‘Submit and Get Quotes’ tab.

Step 5: Different car insurance policy premium quotes offered by different insurers will appear. Compare the policy quotes and select a plan based on your budget and requirements. You can include a few add-on covers as well at this step.

Step 6: Click on the ‘Buy Now’ link and confirm all the details entered before starting the payment process for policy renewal. You can make the payment for renewal through various gateways which may comprise debit and credit card, online wallets, net banking, etc. Once you have made the payment, a renewed car insurance policy will be issued and sent to your registered Email ID.

Claim Cashless Car Insurance For Aston Martin Cars

You can opt for a cashless claim facility to get your Aston Martin car repaired for free. To avail of this cashless option, you are required to take your damaged car for repair only to a network workshop or garage of your insurance company and intimate your insurance company as soon as possible about the collision to initiate the claim settlement process. Under the cashless claim process, your insurance company tends to pay your car’s repair bill directly to the network garage after analysing some documents like repair invoice, car policy document, and so on.

The cashless car insurance facility helps you avoid paying a bill soon after an accident or a mishap. It also requires you to go through lesser documentation as well as formalities in comparison to the reimbursement method of the claim settlement process. The cashless car insurance process is time-saving as a surveyor is sent by the insurance company to the accident spot or garage to examine the extent of damage and send its report. Also, the cashless claim process allows you to get your car repaired at the network garages of the insurance companies, which are the best repair service centres, without paying anything.

Renew Expired Policy for Aston Martin Cars

You can lose a range of benefits with the expiration of the car insurance policy. It can also make you face a penalty for legal violation and suffer from loss of coverage and NCB benefits. This can bring hassles for you with a fine for driving a car without an insurance policy, no coverage for damages and losses sustained by your car and increased premium with the lapse of accumulated NCB benefit. Thus, you must avoid driving your car if your car insurance plan expires and should contact your insurance company or agent at the earliest to renew it.

To renew your policy, your insurer can send a representative to analyse the present condition of your Aston Martin car. During the examination, you should be ready with the required documents like car registration certificate, policy document, etc., to present before the representative. However, you can avail the option of a grace period of 90 days to renew your policy even after its expiry date. You can renew your car insurance online and offline. However, it is always recommended to renew your insurance plan online to get benefitted from a faster process, safer payment options, etc.