Volvo Car Insurance

Volvo cars are best known for their advanced safety features, top-notch quality and premium luxury features. To support the unique needs of Volvo cars and its car owners, Reliance General Insurance offers high-quality Volvo car insurance products.

Our comprehensive Volvo vehicle insurance covers a wide range of perils and provides all-around security for your beloved car. With us, you can be assured of quick claim settlement, 24/7 assistance, minimal paperwork and the utmost convenience.

Here is an extensive guide to help you choose the best car insurance for your Volvo car that best protects it. With our insurance for Volvo by your side, you can enjoy the premium rides with peace of mind.

How to Buy Volvo Car Insurance - Online and Offline

Volvo Online Insurance Purchase Process

1. Visit the Official Website or App: To buy the best insurance for Volvo cars online, go to the Reliance General Insurance website or download the Reliance Self-i app.
2. Navigate to Car Insurance: Access the “Car Insurance” section from the menu.
3. Provide Vehicle Details: Enter your Volvo’s registration number, model, email ID and contact number.
4. Get an Instant Quote: Receive a customised quote that includes the IDV (Insurance Declared Value), applicable taxes and policy inclusions. Volvo owners can also choose specific add-ons like engine protection or nil depreciation cover, which are crucial for high-performance vehicles.
5. Compare and Customise: Adjust coverage limits, explore available plans and select the one that best meets your Volvo’s insurance needs.
6. Finalise the Purchase: Make the payment through your preferred mode, such as UP, credit card, or net banking. Once the payment is completed, your Volvo insurance policy will be sent to your email address instantly.

Volvo Car Insurance Offline Buying Process

1. Visit a nearby Branch: Locate the closest Reliance Volvo insurance company branch.
2. Prepare Documents: Carry your Volvo’s registration certificate (RC), driver’s licence, and ID proof (both original and photocopies).
3. Consult a Representative: Discuss available plans and customise your policy with the help of an agent.
4. Finalise and Pay: Fill out the application form, choose your desired policy, and complete the payment to activate your Volvo insurance plan.

Volvo Car Insurance Policy Renewal Process

1. Access the Renewal Portal: Visit the Reliance General Insurance ​website and click on the “Renewal” tab.
2. Enter Policy Details: Provide your Volvo’s insurance policy number, registration details, and contact information.
3. Review Coverage: Evaluate your existing policy and make necessary adjustments, such as including or removing add-ons. Volvo owners often opt for specialised add-ons, such as return-to-invoice cover or roadside assistance, during insurance for Volvo renewal.
4. Check Discounts: Apply for No Claim Bonus (NCB) or any other discounts available for claim-free years.
5. Make Payments: Pay the premium for Volvo car insurance renewal through a secure online payment gateway. Your renewed Volvo car insurance policy will be emailed to you immediately.

How to Buy Second-Hand Volvo Car Insurance?

Purchasing car insurance for Volvo (pre-owned) ensures that its value and performance are protected even if it is not brand new.

1. Inspection and Evaluation:Get a detailed vehicle inspection to assess the condition, mileage and existing wear and tear. This process helps the insurer determine the premium and suitable coverage options.
2. Document Collection: Prepare key documents, such as:
   • RC (Registration Certificate) transfer proof
   • Forms 29 and 30, signed by the seller.
   • A valid ID proof
   • Previous insurance policy (if applicable)​
3. Volvo Car Insurance Policy Purchase Online:
   • Go to the Reliance ​Car Insurance
   • Enter details about your pre-owner Volvo, upload the necessary documents, and select a plan tailored to your needs.
   • Complete payment to activate your policy.
     

For assistance, reach out to the 24/7 helpline (+91 22 48903009) or use our Self-Help portal for quick solutions.

Why Do You Need a Volvo Car Insurance Policy?

Volvo cars are renowned for their safety, performance and durability. However, their advanced features and high-end components make repair and maintenance costly. Here is why car insurance for Volvo is essential:

1. Financial Protection: Popular insurance for Volvo offers coverage for expensive repairs caused by accidents, theft, or natural disasters, ensuring peace of mind.
2. Mandatory Legal Compliance: Third-party insurance is legally required in India, helping you avoid fines or penalties.
3. Coverage for Advanced Features: Protect high-tech systems like Volvo’s Pilot Assist, City Safety System and more.
4. Comprehensive Benefits: Our Volvo car insurance covers owner-driver injuries and third-party liabilities, ensuring complete protection.
5. Safeguard Investment: It helps preserve the resale value of your Volvo by covering significant repair costs.

Reliance Volvo Car Insurance Features and Benefits

Comprehensive Coverage

Our best insurance for Volvo cars provides protection against accidents, theft, natural disasters, vandalism and much more. It also includes third-party liabilities for better financial protection in emergencies.

Tailored Add-Ons

We offer a wide range of add-ons to enhance your Volvo's protection. Our insurance for Volvo policy, with add-ons like tyre protection, NCB retention and engine safeguard, ensures total coverage for premium cars.

Cashless Repair

We have a network of over 10,000 garages to handle Volvo’s sophisticated technology. So whether it is minor repairs or major bodywork, our Volvo vehicle insurance by Reliance General Insurance will ensure seamless cashless repairs for your Volvo.

Hassle-Free Claims

The claims process of our Reliance car insurance for Volvo is designed for convenience and speed. With features like video claims and real-time tracking, filing a claim is seamless. A surveyor is assigned within 48 hours, ensuring a quick assessment and settlement.

24/7 Assistance

Enjoy the benefits of Volvo car insurance, including our round-the-clock customer support for queries, policy modifications or emergencies. Whether you need help during an emergency, want to clarify policy details, or make adjustments, our team for car insurance for Volvo is available via phone, email or online chat.

Type of Volvo Auto Insurance Policies

Reliance Car Insurance for Volvo Coverage - Inclusions and Exclusions

Volvo Vehicle Insurance by Reliance General Insurance: Inclusions

• Coverage for third-party vehicle or property damage.
• The benefits of Volvo car insurance include protection for your Audi against:
  • Fire, explosions, self-ignition, or lightning.
  • Terrorist activities.
  • Burglary, housebreaking, or theft.
  • Accidents causing damage to your vehicle.
  • Damages sustained during transit.
  • Natural disasters such as floods, typhoons, hurricanes, storms, earthquakes, hailstorms, and more.
• Coverage under various optional add-ons as per your selection.
• Mandatory Personal Accident Cover up to ₹15 lakhs, ensuring owner-driver protection.

Insurance on Volvo Policy: Exclusions

• Claims arising from contractual liabilities, i.e., you don’t adhere to the terms and conditions stated in your policy.
• Using the vehicle for purposes not intended.
• Driving under the influence of alcohol or drugs.
• Loss or damage occurring outside the designated geographical area in your insurance for Volvo policy.
• Claims where the driver lacks a valid licence.
• Violations of the Motor Vehicles Act, 1989.
• Damage due to negligence on the driver’s part.
• Damage caused directly or indirectly by nuclear weapons.
• Damage caused by radiation or radioactive contamination from nuclear materials.
• Normal wear and tear or ageing of the vehicle.
• Damage resulting from war, invasion or acts of foreign enemies.

Reliance Car Insurance Volvo Add-on Covers

• Return-to-Invoice Cover: This add-on helps you receive the entire amount spent on purchasing your car in case of total loss or theft.
• Pay-As-You-Drive Cover: This Volvo car insurance add-on rider adjusts your own damage premium based on the kilometres your Volvo car covers.
• Consumables Cover: With this cover, you will receive reimbursement for the amount spent on consumables during repairs, such as nuts, bolts, oil, etc.
• Nil Depreciation Cover: This insurance Volvo coverage ensures that you receive the entire claim amount for the repair expenses without deductions for your vehicle's depreciation.
• Total Loss: This add-on cover reimburses you for the full on-road price of your Volvo car in case of total loss. The amount also includes road tax and registration charges.
• NCB Retention Cover: If you make a claim in a policy year, you lose the accumulated NCB discount. This add-on protects your bonus even after you make a claim.
• Geo Extension Cover: You can extend the coverage area to certain select countries with this add-on.
• Tyre Protection Cover: This Volvo policy add-on covers the cost of repairing or replacing your Volvo’s tyres in case of accidental damage, bursts or cuts.
• RIM Protection Cover: This covers damages to the alloy wheels or rims of your Volvo car caused by accidents or rough terrains.
• Daily Allowance Cover: This policy provides you with a daily cash allowance for alternate transportation expenses while your Volvo car is being repaired.
• Loss of Personal Belongings Cover: This protects your valuables, laptops or other items if they are stolen from your Volvo.
• Electrical Accessories Cover: Provides coverage for damages to electrical components like infotainment systems, GPS, or reverse cameras fitted in your Volvo.
• Non-Electrical Accessories Cover: This car insurance for Volvo protects your non-electrical accessories, such as seat covers and alloy wheels, against damage.
• Emergency Hotel Stay Cover: This add-on reimburses the hotel expenses if your Volvo breaks down or gets into an accident and is being repaired away from home.
• Engine Protect:This add-on cover protects your Volvo car’s engine from damages caused by water ingression, oil leaks, etc.
• EMI Protection: This covers the EMIs of your Volvo car in case it takes longer than 21 days for its repair.
• Key Replacement:This cover offers financial protection for replacing your car’s keys and locks.
• 24/7 Roadside Assistance:This add-on offers assistance for towing, breakdown and fuel delivery if your car breaks down in a remote location.

Steps for Volvo Car Insurance Claim Process

Volvo Car Insurance Claim: Cashless Process

1. Intimate your claim with us within 48 hours of the incident in either of the following ways:
   1. Calling us at +91 22 48903009
   2. Logging into your Reliance Self-i account
   3. Ask the garage to file a claim on your behalf through the Garage Portal
2. We will assign a surveyor to assess your claim and the damages incurred to your Volvo car.
3. Submit your claim-related documents to the surveyor. These include driving licence, FIR, evidence of incident, etc.
4. Once your claim is approved, you can get your car repaired by cashless repair from any of the nearest network garages.
5. After the repair work has been completed, we will settle the bill directly with the garage.

Insurance Volvo Claim: Reimbursement Process

1. Notify us about your claim as early as possible by calling or insurance Volvo login in the Reliance Self-i App.
2. Take your Volvo car to any of the garages near you for repairs.
3. Gather all the necessary documents, such as proof of incident, copy of driving licence, registration certificate, repair bills, etc.
4. Fill out the claims form through the Reliance General Insurance claims portal, provide details and submit the required documents.

*Note that we do not cover the expenses for repairing uninsured parts, consumables or deductibles. You have to pay them yourself for both claim processes.

Documents for Insurance Volvo Claims

• Driving licence (copy).
• Extent of loss or damage.
• Policy number of your Volvo motor insurance and contact details.
• Vehicle details and registration certificate (copy).
• Date, time, and location of the incident.
• Forms 28, 29, and 30 signed by the insured (for liability admission).
• Name and contact details of the insured person and the claimant.
• FIR (mandatory for third-party or theft claims).
• Repair bills and garage details.
• Financer’s NOC (if applicable)

For a smooth and swift Volvo car insurance claims process, ensure that you have these documents with you. Additionally, you may need some more documents specific to your case.

Useful Links:

• Required Documents Based on Claim Type

Car Insurance Volvo Cashless Claims vs. Reimbursement Claims

Volvo Car Insurance Premium: Factors Influencing the Prices

• Car Model and Variant: The premium rate of your Volvo vehicle insurance depends on the specific Volvo model, such as the XC40 or S90, and its market value. If the market value is high, the premiums will also be high.
• Engine Capacity: Cars with larger engines attract higher rates since they’re more expensive to repair. To compensate for this increased risk, you need higher coverage and, thus, a higher premium rate.
• Location: Urban areas with higher traffic density result in higher premiums compared to rural regions. Crowded areas increase the chance of collisions, accidents and car usage, thus increasing the rates of car insurance for Volvo.
• Age of Vehicle: Older cars generally have lower premiums due to reduced Insured Declared Value (IDV). On the other hand, new vehicles require high maintenance add-ons and higher IDV, which can increase your policy rates.
• Claim History: No-claim bonuses (NCBs) can reduce premiums for claim-free years, while frequent claims lead to higher premiums.
• Type of Coverage: The choice of insurance plan is one of the main factors in determining the premium rates. Comprehensive plans cost more than third-party liability coverage but offer broader coverage.
• Driver’s Age and Experience: Experienced drivers or older policyholders may get discounted premiums.
• Car Safety Features: Features like lane-keeping assist and adaptive cruise control can lower premium due to enhanced safety.
• Usage: Premiums for high-mileage or commercial-use vehicles are generally higher.

How to Calculate Your Volvo Car Insurance Premium?

Your car insurance for Volvo will depend on several factors, as explained above. Thus, to make an informed decision about choosing the best car insurance policy for your car, we recommend using our online car insurance premium calculator tool.

This tool considers the above factors and generates an instant quote based on your choices. You can modify coverage to fit your needs. Here is how to use our tool:

1. Visit the official Reliance General Insurance website and navigate to the Car Insurance Premium Calculator.
2. Choose a suitable policy, such as comprehensive car insurance for Volvo, and add optional covers like tyre protection ​or engine protect. Include any applicable discounts, such as the No Claim Bonus (NCB) or online purchase discounts.
3. Provide information about your Volvo, such as the registration number, make and model, and year of manufacture, along with your personal details.
4. The calculator provides an instant estimate ​of your Volvo premiums, including a detailed cost breakdown.
5. Modify add-ons or deductibles to observe how these changes affect your premium. This allows for a customised insurance plan that suits your Volvo's needs and your budget.

Insurance Volvo Cost: Third-Party Insurance Premium

Using our calculator tool, you can derive the estimated premium price for our standalone own-damage and comprehensive car insurance plans. However, to learn the third-party insurance price, you must know the current rates..

Here are the current third-party insurance prices set by the IRDAI:

Volvo Car Insurance Rates for Private Cars

Volvo Car Insurance Rates for Electric Cars

Volvo - Overview and USPs

• Safety Leadership: ​Volvo emphasises passenger and pedestrian safety with innovative features like Pilot Assist and IntelliSafe systems.
• Sustainability Commitment: The company targets 100% electrification by 2030 and net-zero emission by 2040, underscoring environmental responsibility.
• Luxury and Comfort: Premium interiors with advanced technology, including Sensus infotainments, enhance the driving experience.
• Scandinavian Design: Volvo vehicles combine minimalist aesthetics with functionality for an elegant yet practical appeal.
• Global Presence: Headquartered in Sweden, Volvo operates in over 100 countries and delivers excellence through advanced manufacturing facilities worldwide.

Volvo Car Name and Prices

Volvo Car Insurance for Which Reliance Offers Insurance (Car Models)

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Frequently Asked Questions (FAQs)

• What is covered in Volvo car insurance?

Reliance Volvo car insurance provides coverage for:

• Own Damage: Protection against damages from accidents, fire, theft, and natural calamities.
• Third-Party Liabilities: Coverage for damages or injuries caused to third parties.
• Personal Accident Cover: For the owner-driver’s injury or death.
• Add-Ons: Enhanced coverage options like tyre protection, return-to-invoice, and engine safeguard.

• How can I buy Volvo car insurance from Reliance General Insurance?
  • Visit the official website of Reliance General Insurance or use the Self-i app.
  • Enter your Volvo’s details, such as registration number and model.
  • Compare plans, choose add-ons, and customise coverage.
  • Confirm details and complete the payment to receive your policy instantly.
• Are there any discounts available for Volvo car insurance?

Yes, discounts include:

• No Claim Bonus (NCB):for claim-free years: This increases with consecutive claim-free years by up to 50% on OD premiums for 5 claim-free years.
• Anti-Theft Devices: We offer discounts for vehicles with ARAI-certified safety features.
• Online Purchase Discounts:​ Enjoy reduced premiums for online purchases of car insurance policies of up to 90%.

• How to renew Volvo car insurance?
  • Go to the Reliance General Insurance website and the Renewal section.
  • Enter your existing policy details and car details.
  • Review and modify coverage, apply NCB, and proceed with payment.
  • Receive the renewed policy via email instantly.
• Can I customise my Volvo car insurance policy?

Yes we offer flexibility of customising your Reliance own-damage or comprehensive car insurance policies. You can opt for our 10+ optional add-ons that cover various car parts and accessories in case of damage. This enhances your coverage and ensures maximum claim reimbursement of repair expenses.

• Can I transfer my Volvo car insurance to a new owner?

Yes, insurance can be transferred by submitting:

• Transfer application form.
• The new RC book that has the buyer’s name.
• Existing policy details.

Once you submit all the required documents and we complete a thorough inspection of the used car, you can purchase our car insurance policy online or through the Reliance Self-i app.

• Are there add-ons for Volvo car insurance?

Yes, we offer 10+ add-ons for our customers with varied coverage needs. Some of them include:

• Tyre and Rim Protection.
• Engine Protect Cover.
• NCB Retention Cover.
• Daily Allowance for alternative transport.

The cost depends on several factors, some of which are:

• Car’s IDV (Insured Declared Value).
• Chosen coverage and add-ons.
• Driver’s age
• Claim history
• Location
• Vehicle usage
• Driving history
• Location

Disclaimer:

*T&C Apply. For more details on risk factors, terms conditions, brochure, and exclusions, please read the policy wording and CIS carefully before concluding a sale.

Customer Count: The total no. of customers insured data is for FY24 and has been picked up from the number of lives insured for Health, Personal Accident, Overseas Travel, Domestic Travel, Workmen Compensation and Crop Insurance, Weather LOB & Fire LOB provided by IRDAI count that is master policy count. Other than these LOBs, we have also provided data for the number of certificates issued.

Claim Settlement Ratio: This is the overall claim settlement ratio for FY 2023-24 without claim outstanding at the start of the financial year as per public disclosure of Reliance General Insurance Co. Ltd.

Premium: The premium mentioned for car Insurance excludes taxes for the private car model Maruti Suzuki Alto 800 with a cubic capacity of less than 1000 cc for a 1-year Own Damage Insurance policy for an IDV of ₹2,34,728. The premium used is 2,853/year as of 1 March 2023 and then converted into a per-month basis, which gives us ₹238/month (2,853/12).

Discount: The discount varies basis vehicle specifications, No Claim Bonus discount and Geographical location of the vehicle to be insured. Discounts have been calculated on the basis of the rates prescribed under erstwhile Indian Motor Tariff. Discounts are applicable only to the Own Damage section and discounts may vary as per the vehicle make, model, RTO, age of the vehicle and addition of add-ons like Reliance Limit Sure-Pay As You Drive.

Comprehensive Car Insurance/Car Insurance UIN: Details mentioned here are for the product- Reliance Private Car Package Policy. UIN: IRDAN103RP0010V02100001; Reliance Private Car Policy – Bundled, UIN: IRDAN103RP0007V02201819; Reliance Private Car Policy- Standalone Own Damage UIN- IRDAN103RP0001V01201920; "A" Policy for Act Liability Insurance ( Pc /Tw/Commercial ), UIN: IRDAN103RP0003V01200102; A" Policy for Act Liability Insurance (Private Car) – 3 years, UIN: IRDAN103RP0003V01201819.

Own Damage UIN: Details mentioned here are for the product- Reliance Private Car Policy- Standalone Own Damage, (UIN-IRDAN103RP0001V01201920)

Third-Party UIN: Details mentioned here are for the product- "A" Policy for Act Liability Insurance ( Pc /Tw/Commercial ), UIN: IRDAN103RP0003V01200102; A" Policy for Act Liability Insurance (Private Car) – 3 years, UIN: IRDAN103RP0003V01201819.