Insurance for cars under 5 lakhs in India is available at reasonable prices, making it more accessible to a larger population. With the help of the latest technology, insurers are able to offer customized policies that meet the specific needs of the customer. The various types of coverage available include third-party liability, comprehensive coverage, personal accident cover, and more. Insurers also provide discounts on premiums based on certain criteria such as age, driving experience, and type of car. By getting car insurance for cars under 5 lakhs in India, customers can be sure that their vehicles are protected from any unexpected damages or losses.
Are you looking for a car that is affordable and reliable? If so, then you should consider the most popular brands for cars under 5 lakhs in India. There are many options available in this price range, ranging from hatchbacks to sedans. In this article, we will be discussing the most popular brands for cars under 5 lakhs in India and what features they offer. We will also discuss some of the best budget cars available in this price range and their features. So read on to find out more about the best budget cars available in India under 5 lakhs.
Best Budget Cars under 5 Lakhs in India:
Buying a car in India can be a daunting task, especially when you are on a budget. However, with the right research and knowledge, it is possible to buy cars under 5 lakhs that offer great value for money. In this article, we will discuss the various benefits of buying a car under 5 lakhs in India, including cost savings, affordability, and reliability. We will also look at the different types of cars available in this price range and their features. Finally, we will provide some tips to help you make an informed decision when choosing your next car.
| Car Models |
Price (On-Road Price) |
| Maruti Alto 800 |
Rs. 3.54 lakh |
| Bajaj Qute RE60 |
Rs. 3.61 lakh |
| Maruti Alto K10 |
Rs. 3.99 lakh |
| Maruti S-Presso |
Rs. 4.25 lakh |
| Datsun GO (D) |
Rs. 4.62 lakhs |
| Renault KWID |
Rs. 4.70 lakh |
| Datsun redi-GO |
Rs. 4.75 lakhs |
| Datsun GO+ (D) |
Rs.4.90 lakhs |
Importance of Insurance for Cars under 5 Lakhs Owners:
Insurance for cars under 5 lakhs is an essential investment for any car owner, regardless of the value of their vehicle. Here are some of the key reasons why insurance is important for cars under 5 lakhs:
- Financial Protection: Car insurance provides financial protection in the event of an accident, theft, or damage to the vehicle. This can help to cover the cost of repairs or replacement and can help to minimize financial stress in the event of an unexpected incident.
- Legal Compliance: In most countries, it is mandatory to have at least third-party insurance coverage for cars. This means that having insurance is not only important for financial reasons, but also for legal compliance.
- Peace of Mind: Having insurance for a car provides peace of mind and allows car owners to drive with confidence. In the event of an incident, insurance can help to cover the costs and minimize stress and inconvenience.
- Safety: Insurance can also provide coverage for personal injury or death in the event of an accident, offering an extra layer of protection for the driver and passengers.
- Cost Effective: While the initial cost of insurance may seem like an added expense, it can be more cost-effective in the long run compared to having to pay for repairs or replacement out of pocket in the event of an incident.
Various Coverage Options available for Cars under 5 lakhs:
For cars under 5 lakhs, there are typically two main types of insurance coverage options available: third-party insurance and comprehensive insurance. Here is a brief overview of each type:
- Third-Party Insurance: This type of insurance provides coverage for third-party liabilities, such as damage to another person's property or injury to a third party in an accident involving the insured vehicle. It is the minimum coverage required by law in most countries.
- Comprehensive Insurance: This type of insurance provides coverage for both third-party liabilities and damage to the insured vehicle. It includes coverage for incidents such as theft, fire, natural disasters, and other types of damage. Comprehensive insurance is often more comprehensive than third-party insurance, but it also tends to be more expensive.
In addition to these two main types of insurance, car owners may also consider adding additional coverage options, such as personal accident insurance, zero depreciation cover, and roadside assistance. These add-on covers can provide additional protection and peace of mind. It's important to carefully consider the coverage options available and to choose a policy that provides the right level of protection for the specific needs of the car owner. Comparing insurance policies from different companies and understanding the terms and conditions of each policy can help to ensure that the right coverage is obtained.
How to Choose a Car under 5 Lakhs?
Car manufacturers create vehicles for a broad range of budgets so that all types of customers can find the right car. Prices vary depending on what kind of car you want to buy - there are a variety of affordable options and higher-priced luxuries available. Shopping for a car can feel quite daunting with all of the factors to consider. The best way to start is to figure out what type of car best suits your lifestyle, needs, and budget. From there you can begin searching for the perfect one!
There are a number of factors that influence how much fuel your car will consume, such as its size, fuel efficiency, safety rating, driving style, and the comfort level you prefer. With the growing demand for affordable cars in India, leading car manufacturers are now focusing on providing more options and models at a much lower cost. Furthermore, they are putting a greater focus on the value for money factor and implementing some of the greatest features into those budget-friendly vehicles. Therefore, if you are seeking premium features in a budget automobile, you should have a look at the list below before going for one.
- Design & Performance: In cars that come under 5 lakhs, the design aspect is basic with a few curves and straight lines on the body line. Performance is basic too as these come with 800cc to 1200cc engines. These engines are not known for high performance, as the power output is just enough to keep the cars running.
- Features: Basic features like air-conditioning, airbags, and ABS are included even in the low end variants of these cars. Several features like the rear window wiper, music system, and reverse camera are add-ons to the car depending on the brand.
- Brands Making Cars Under 5 Lakhs: Maruti Suzuki is leading in this segment. The company’s Alto 800, Alto K10, S-Presso, and Eeco are Maruti Suzuki’s offering under the 5 lakh budget. Other cars available in this price bracket are Renault Kwid, Datsun Go, Datsun Redi-Go, and Hyundai Santro.
| Car Model under 5 lakhs |
Features |
| Maruti Alto 800 |
- Mileage: 22.05 kmpl
- Engine: 796 cc
- Transmission: Manual
- Fuel Type: Petrol and CNG
- Seating Capacity: 4 - 5 seater
- Variants: 6
|
| Maruti Alto K10 |
- Mileage: 24.39 kmpl
- Engine: 998 cc
- Transmission: Manual
- Fuel Type: Petrol and CNG
- Seating Capacity: 5 seater
- Variants: 4
|
| Maruti S-Presso |
- Mileage: 21.4 kmpl
- Engine: 998 cc
- Transmission: Manual and Automatic
- Fuel Type: Petrol and CNG
- Seating Capacity: 5 seater
- Variants: 6
|
| Renault KWID |
- Mileage: 22.25 kmpl
- Engine: 799 – 999 cc
- Transmission: Manual and Automatic
- Fuel Type: Petrol
- Seating Capacity: 5 seater
- Variants: 8
|
| Bajaj Qute RE60 |
- Mileage: 35 kmpl
- Engine: 216 cc
- Transmission: Manual
- Fuel Type: Petrol and CNG
- Seating Capacity: 4 seater
- Variants: 1
|
| Datsun GO (D) |
- Mileage: 19.02 kmpl
- Engine: 1198 cc
- Transmission: Manual & Automatic
- Fuel Type: Petrol
- Seating Capacity: 5 seater
- Variants: 5
|
| Datsun redi-GO |
- Mileage: 20.71 kmpl
- Engine: 799 cc
- Transmission: Manual and Automatic
- Fuel Type: Peztrol
- Seating Capacity: 5 seater
- Variants: 5
|
| Datsun GO+ (D) |
- Mileage: 19.02 kmpl
- Engine: 1198 cc
- Transmission: Manual & Automatic
- Fuel Type: Petrol
- Seating Capacity: 7 seater
- Variants: 5
|
Car Insurance Prices for Cars under 5 Lakhs in India:
The cost of car insurance for cars under 5 lakhs in India can vary depending on several factors, including the type of coverage selected, the make and model of the car, the age and driving history of the car owner, and the location of the vehicle.
- Third-party insurance, which is the minimum coverage required by law, is typically less expensive than comprehensive insurance. However, the cost of third-party insurance can vary depending on the car model, age, and location. On average, the cost of third-party insurance for cars under 5 lakhs in India can range from 1500 to 5000 INR per year.
- Comprehensive insurance, which provides more comprehensive coverage than third-party insurance, typically costs more. The cost of comprehensive insurance can vary depending on the make and model of the car, the age and driving history of the car owner, and other factors. On average, the cost of comprehensive insurance for cars under 5 lakhs in India can range from 7000 to 12000 INR per year.
It is important to note that these are just rough estimates, and the actual cost of insurance for cars under 5 lakhs in India can vary greatly. To get an accurate quote for insurance, car owners should compare policies from different insurance companies and consider factors such as coverage options, deductibles, and discounts available.
|
Car Models |
Insurance Price |
| Maruti Alto 800 |
Rs. 2419 - 7315 |
| Bajaj Qute RE60 |
Rs. 2582 – 7927 |
| Maruti Alto K10 |
Rs. 3103 - 6822 |
| Maruti S-Presso |
Rs. 2836 – 7202 |
| Datsun GO (D) |
Rs. 2922 – 7193 |
| Renault KWID |
Rs. 2728 - 8210 |
| Datsun redi-GO |
Rs. 2628 – 7292 |
| Datsun GO+ (D) |
Rs. 2922 - 7638 |
*Disclaimer: The above mentioned values are for the user’s knowing purpose for exact values, please compare quotes on top the page.*
Conclusion:
Looking for a great deal on a new or used car under 5 lakhs? Look no further! We have the best deals on cars under 5 lakh rupees in India. Whether you are looking for an affordable family vehicle or a reliable secondhand car, we have the perfect solution for you. We have compiled a list of the best-used car deals in India that can help you find the perfect vehicle within your budget. Our list includes various cars across the country, so you can be sure to find something that fits your needs and budget. You can also compare prices between different models and brands to get the best deal possible. So do not wait any longer - start shopping today! In conclusion, insurance is important security for cars under 5 lakhs, providing financial protection, peace of mind, and cost savings in the long run.