Maruti Suzuki holds over 40% of India's passenger car market —
making it the most widely insured car brand in the country. Whether you own a Baleno, Swift, Brezza, Dzire, Wagon R,
or Grand Vitara, having the right car insurance is both a legal requirement and essential financial protection.
SMC Insurance helps you compare 30+ insurers, choose the right plan for your Maruti model and get an instant policy in minutes —
with zero paperwork.
Third-Party Insurance (Mandatory) Third-party car
insurance is the minimum legal requirement under the Motor Vehicles Act, 1988, for every Maruti Suzuki on Indian roads.
It covers damage, injury, or death caused to a third party in an accident involving your car. It does not cover damage
to your own vehicle. While it carries the lowest premium, it leaves your Maruti — even an entry-level Alto —
completely unprotected against accidents, theft, or natural calamities.
Comprehensive Insurance (Recommended) Comprehensive car insurance covers
third-party liability and your own vehicle damage — making it the strongly recommended choice for all Maruti Suzuki models.
It protects against accidents, theft, fire, floods, earthquakes and other perils. Given that even Maruti's most affordable
models cost upwards of Rs. 3.99 lakh ex-showroom, comprehensive coverage ensures you are never left with a large out-of-pocket
repair bill. You can also add optional riders for enhanced protection.
Standalone Own Damage (OD) Policy If you already hold a
valid third-party policy from another insurer, you can purchase a Standalone Own Damage policy separately to
cover repair costs for your Maruti. Standalone OD policies became available following IRDAI regulatory changes,
giving car owners the flexibility to choose their own-damage insurer independently of their TP policy.
Maruti Suzuki Car Insurance Premium — Model-Wise Price Table
The insurance premium for your Maruti Suzuki depends on the model, variant, fuel type, IDV and the city of registration. The table below gives indicative premiums for popular Maruti models for brand-new cars registered in
Zone A cities (Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Ahmedabad):
Car Model
Ex-Showroom Price (Approx.)
IDV (Approx.)
Zero Dep Add-on
Comprehensive Premium (Bundled)
Alto K10 LXI
Rs. 3.99 Lakh
Rs. 3.79 Lakh
Rs. 950 approx.
Rs. 10,500 onwards
Wagon R VXI
Rs. 6.00 Lakh
Rs. 5.70 Lakh
Rs. 1,200 approx.
Rs. 13,800 onwards
Swift VXI
Rs. 6.49 Lakh
Rs. 6.16 Lakh
Rs. 1,650 approx.
Rs. 15,900 onwards
Dzire ZXI
Rs. 6.79 Lakh
Rs. 6.45 Lakh
Rs. 1,750 approx.
Rs. 16,200 onwards
Baleno Zeta
Rs. 8.59 Lakh
Rs. 8.16 Lakh
Rs. 2,050 approx.
Rs. 18,200 onwards
Brezza ZXI
Rs. 11.14 Lakh
Rs. 10.58 Lakh
Rs. 2,600 approx.
Rs. 21,900 onwards
Ertiga ZXI
Rs. 11.18 Lakh
Rs. 10.62 Lakh
Rs. 2,650 approx.
Rs. 22,100 onwards
Grand Vitara Alpha
Rs. 17.01 Lakh
Rs. 16.15 Lakh
Rs. 3,850 approx.
Rs. 28,200 onwards
Fronx Sigma
Rs. 7.51 Lakh
Rs. 7.13 Lakh
Rs. 1,850 approx.
Rs. 16,900 onwards
Jimny Alpha
Rs. 14.19 Lakh
Rs. 13.48 Lakh
Rs. 3,200 approx.
Rs. 25,000 onwards
Note: Premiums are indicative estimates for brand-new cars
registered at Delhi (DL1) RTO. Actual premiums vary by registration year, variant, fuel type, IDV chosen,
city and insurer. Use the quote tool above for your exact price.
IRDAI Third-Party Premium Slabs for Maruti Suzuki Cars
Third-party (TP) premiums for private cars are regulated and notified by the Ministry of Road Transport & Highways (MoRTH)
in consultation with IRDAI. The TP rates applicable for Maruti Suzuki cars are:
Annual Third-Party Premium (Private Cars)
Engine Capacity
Annual TP Premium
Up to 1000cc
Rs. 2,094
1000cc to 1500cc
Rs. 3,416
Above 1500cc
Rs. 7,897
Maruti's entire model range falls in the up to 1000cc or 1000-1500cc slabs,
making TP premiums relatively affordable for most models.
Maruti Models by CC Slab:
Slab
Maruti Models
Up to 1000cc — Rs. 2,094 TP
Alto K10, S-Presso, Celerio, Wagon R (1.0L)
1000cc–1500cc — Rs. 3,416 TP
Swift, Dzire, Baleno, Fronx, Brezza, Wagon R (1.2L), Ertiga, XL6, Grand Vitara, Invicto
How IDV Is Calculated for Maruti Cars
The Insured Declared Value (IDV) is the maximum amount your insurer will pay in case of total loss or theft of your Maruti Suzuki. IDV is calculated based on the ex-showroom
price minus depreciation, as per IRDAI-prescribed depreciation rates:
Car Age
Standard Depreciation
IDV Retained
Less than 6 months
5%
95%
6 months to 1 year
15%
85%
1 to 2 years
20%
80%
2 to 3 years
30%
70%
3 to 4 years
40%
60%
4 to 5 years
50%
50%
For cars older than 5 years, IDV is agreed upon mutually between the insurer and the policyholder. Higher IDV means better coverage but slightly higher premium.
Always avoid choosing the lowest IDV to reduce premium - it leaves you under-insured in case of total loss.
Maruti Car Insurance Premium by City
IRDAI classifies Indian cities into Zone A and
Zone B for motor insurance pricing. Zone A cities carry slightly higher premiums due to greater traffic density,
accident frequency and theft rates.
Zone A Cities: Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Ahmedabad
Zone B Cities: All other cities and towns in India
Estimated Premium for a 3-Year-Old Maruti Swift ZXI Petrol:
Zone
Estimated Comprehensive Premium
Zone A (e.g., Delhi, Mumbai)
Rs. 9,000 – Rs. 12,000
Zone B (e.g., Jaipur, Lucknow)
Rs. 7,500 – Rs. 10,000
Note: Premiums vary further based on insurer, IDV, NCB and add-ons selected.
No Claim Bonus (NCB) on Maruti Car Insurance
If you haven't made any claim during a policy year, you earn a No Claim Bonus (NCB) - a discount applied to the own-damage (OD) portion of your premium at renewal.
NCB is one of the most valuable benefits for careful Maruti owners.
Claim-Free Years
NCB Discount
1 year
20%
2 consecutive years
25%
3 consecutive years
35%
4 consecutive years
45%
5 consecutive years
50%
Key NCB Facts:
NCB belongs to the owner, not the car — it transfers when you change insurers.
NCB is lost if you make an own-damage claim during the policy year.
You can protect your accumulated NCB with an NCB Protect Add-on —
especially useful for high-NCB policyholders (45–50%).
Add-on covers for Maruti Suzuki car insurance
Standard comprehensive insurance can be enhanced with optional add-on covers. The most useful ones for Maruti car owners are:
Zero depreciation cover
At the time of a claim, insurers normally deduct depreciation from parts (plastic, rubber, glass, metal). Zero Dep eliminates this deduction — you receive the full repair/replacement cost without any depreciation cut.
Strongly recommended for Maruti cars under 5 years old.
Engine protector cover
Engine
protector coverage covers damage to the engine and gearbox caused by water ingression, hydrostatic lock,
or leakage of lubricating oil — events not covered under standard comprehensive policies. Particularly important for
Maruti models driven in flood-prone areas.
Return to invoice (RTI) cover
In case of total loss (theft or beyond-economical-repair damage),
RTI pays you the
original invoice value of your Maruti — not just the depreciated IDV. Strongly recommended for new Maruti cars in their first 1–3 years.
Roadside assistance (RSA)
RSA
provides 24x7 help if your Maruti breaks down anywhere — towing, battery jump-start, flat tyre assistance,
emergency fuel and more. Available from most insurers at a minimal additional premium.
Key and lock replacement cover
Key and lock replacement cover provides the cost of replacing lost o
r damaged car keys and locks — a practical add-on for urban Maruti owners.
Tyre protection cover
Covers repair or replacement of damaged tyres and tubes due to
accidental damage, bulging, or burst — expenses not covered under standard policies.
Consumables cover
Covers the cost of consumables like engine oil, coolant, nuts and bolts, grease and other items usually excluded from
standard claims. Useful for Maruti owners who want maximum claim settlement without deductions.
NCB protect
Make one own-damage claim in a policy year without losing your accumulated NCB. Highly recommended for policyholders with
35–50% NCB on their Maruti policy.
What Is Covered And Not Covered Under Maruti Car Insurance?
Accidental damage to your Maruti Suzuki
Theft or total loss of the vehicle
Damage due to fire, explosion, or self-ignition
Damage due to natural calamities — floods, earthquakes, cyclones, storms
Man-made calamities — riots, strikes, terrorism
Third-party bodily injury or death
Third-party property damage
Personal accident cover for the owner-driver (compulsory — Rs. 15 lakh cover)
Transit damage (road, rail, air, inland waterway)
Normal wear and tear of parts
Mechanical or electrical breakdown
Damage while driving without a valid licence
Damage while driving under the influence of alcohol or drugs
Damage due to war, nuclear risks, or radioactive contamination
Consequential losses
Claims arising from use of vehicle for hire/reward (unless commercial policy)
Depreciation on replaced parts (unless Zero Dep add-on is active)
How to Buy or Renew Maruti Suzuki Car Insurance Online at SMC
On the homepage, click the insurance category you want - "Car Insurance".
Step 3
Enter your registered vehicle number and click on "View Quotes".
Step 4
The upcoming prompts will ask you for your vehicle details like brand, model, fuel type, variant and respective RTO.
Step 5
Once given, you can check the policy start and end date, confirm NCB details and view quotes from various insurers.
Step 6
On submission, SMC will display a list of available plans or quotes from partner insurers. You can view plan details like coverage, benefits, inclusions/exclusions, add-ons (if available), insured declared value (for vehicles), etc.
Step 7
Compare the available options and consider things like third-party vs comprehensive, add-ons (e.g. zero-depreciation, roadside assistance) as per your needs.
Step 8
Once you select the plan you want, click the button labeled "Buy Now".
Step 9
Fill out your personal details as required (owner name, address, contact, driving licence/RTO info). Ensure all details are accurate.
Step 10
Make the payment via the online gateway. After payment confirmation you will receive your policy document electronically (through email or website account).
Step 11
Once everything is processed, your insurance policy becomes active. Keep a digital or printed copy of your policy/certificate for future reference.
Throughout the buying process, you have the option to contact the SMC Team for any kind of support you need.
Renewing Existing Insurance:
To renew insurance you will have to follow a similar process as well:
Enter your registration number above.
Your existing policy details are fetched automatically.
Review your current insurer's renewal quote.
Compare with other insurers for a better rate.
Apply your NCB discount and choose add-ons.
Pay and get instant renewal — no inspection required for timely renewal.
Why Buy Maruti Car Insurance Through SMC?
30+ Insurers Compared: Get quotes from HDFC ERGO, Tata AIG, Bajaj Allianz, ICICI Lombard, New India, SBI General and more in one place.
100% Online, Zero Paperwork: Buy or renew in under 2 minutes from your phone or laptop.
Dedicated Claim Support: SMC's in-house claims team assists you from intimation to settlement.
4.1/5 Google Rating: Verified customer reviews reflect our service quality.
Instant Policy Issuance: Policy document sent to your email and WhatsApp immediately on payment.
Summing Up
Choosing the right insurance for your Maruti Suzuki ensures that India's favourite car stays protected on every journey. Whether you opt for a budget-friendly third-party policy to meet legal requirements or an add-on-heavy comprehensive plan to secure your car's value, SMC Insurance makes the process effortless. Compare quotes from over 30 leading insurers, leverage your No Claim Bonus and secure instant digital protection for your Maruti Suzuki today — with zero paperwork and complete peace of mind.
Disclaimer: The information provided on this platform is intended for general awareness and educational purposes. While every effort is made to ensure accuracy, some details may change with policy updates, regulatory revisions, or insurer-specific modifications. Readers should verify current terms and conditions directly with relevant insurers or through professional consultation before making any decision.
All views and analyses presented are based on publicly available data, internal research, and other sources considered reliable at the time of writing. These do not constitute professional advice, recommendations, or guarantees of any product's performance. Readers are encouraged to assess the information independently and seek qualified guidance suited to their individual requirements. Customers are advised to review official sales brochures, policy documents, and disclosures before proceeding with any purchase or commitment.
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Payal kaur Chandigarh, April 28, 2025
Smooth Process
I purchased my car insurance from SMC, and it has truly been worth it. When my car caused third-party damage, I simply shared the photos and videos with them. Thanks to Sachin, the customer executive, my insurer settled the claim within just a week. Really satisfied with the service!
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Yes, under the Motor Vehicles Act, 1988, every car on public roads in India must carry at
least a valid third-party liability insurance policy. Driving without insurance carries a fine of up to Rs. 2,000 for the first
offence and Rs. 4,000 for subsequent offences, along with possible vehicle impoundment.
The minimum is a third-party (TP) insurance policy. For new Maruti cars, a 3-year bundled TP policy is mandatory at the time of purchase. For cars already on the road, annual TP renewal is required.
IDV is the ex-showroom price of your Maruti minus depreciation as per IRDAI norms. For example, a Maruti Swift with an ex-showroom price of Rs. 6.49 lakh that is 2 years old would have an IDV of approximately Rs. 5.19 lakh (after 20% depreciation).
Yes, NCB is transferable when you switch insurers at renewal. You need an NCB certificate or your previous renewal notice from your existing insurer to carry it forward.
Yes, damage caused by floods, waterlogging, or cyclones is covered under comprehensive car insurance. However, if water enters the engine due to driving through a flooded area (hydrostatic lock), that specific engine damage is typically excluded unless you have an Engine Protector add-on.
If your policy lapses by more than 90 days, the insurer will require a pre-acceptance inspection of your Maruti before renewing. You also lose your accumulated NCB. Always renew before the expiry date.
Yes, if your Maruti has a factory-fitted S-CNG kit (such as the Wagon R CNG or Dzire CNG), it is automatically included under your policy coverage, though it should be verified on your policy schedule. Aftermarket CNG kits must be declared separately to the insurer and attract an additional premium.
Every car insurance policy in India mandatorily includes a Compulsory Personal
Accident (CPA) cover of Rs. 15 lakh for the owner-driver. This covers accidental death or permanent disability of the
policyholder while driving. Additional PA cover for co-passengers can be added as an optional rider.
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