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Daewoo Car Insurance

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Car Insurance for Daewoo Four-wheelers

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Car insurance is a must if you drive a vehicle in India. It’s best to insure your Daewoo car with a wide-ranging insurance cover. This way, you will not only comply with the law but also have financial backing from the insurer if your car is damaged due to an accident or because of other reasons. Read ahead to know how to go about purchasing the right car insurance policy for your Daewoo Car.

Benefits of Buying Car Insurance Online for Daewoo Cars

Here are the top benefits of picking a Comprehensive Cover to insure your Daewoo Car.

1. Safe from Penalties

As this policy comes with the mandatory Liability Coverage, you will be safe from non-compliance penalties.

2. Fewer Out-of-pocket-expenses for Repairs

If your Daewoo car is damaged due to a situation mentioned in the inclusions of your policy, then most of the repair expenses will be handled by the insurer. Thus, your out-of-pocket expenses will be less.

3. Peace of Mind

In case of anything related to car insurance, you can reach out to the customer support team and your query will be addressed. Knowing that you have a Comprehensive Cover will save you from the inconvenience associated with car damages. You will have complete support from the Customer Support and the Claims team during such challenging times.

Insurance Plans for Daewoo Cars

You can get a host of car insurance plans for your Daewoo car on www.acko.com. Browse through them and pick the one that suits you the most. Primarily, there are two types of car insurance policies. The rest are some variations of it with car insurance add-ons and extra services rolled into them.

Basic Plan

If the aim is to simply buy insurance to comply with the law, then you can buy the Third-party Liability Car Insurance Cover. It only insures you against damage caused by your Daewoo car to others or their property.

Comprehensive Cover

Ideally, you should buy some variation of a Comprehensive Car Insurance Policy. This is law compliant as it includes the Third-party Car Insurance. The point where it scores over the basic plan is Own Damage. It covers damages to your car due to vandalism, calamities, etc. You can also buy additional covers or add-ons with such a cover.

What’s Covered in Daewoo Car Insurance? (Inclusions)

A Comprehensive Car Insurance Policy for your Daewoo car will come with the following inclusions.

  • Mandatory Third-party Liability Car Insurance cover

  • Damage to the insured car due to fire, flooding, etc.

  • Theft of the insured car

  • Covers based on chosen Add-ons, if any

  • Other inclusions mentioned in the Policy Wordings

What’s Not Covered in Daewoo Car Insurance? (Exclusions)

The following situations shall not be covered under the Daewoo Car Insurance Policy, as they are exclusions to the cover.

  • Non-compliance of rules like driving without a valid license

  • Damage due to natural wear and tear

  • Wilful damage and fraudulent claims

  • Driving under the influence of intoxicants

  • Other exclusions mentioned in the Policy Wordings

Add-on Covers While Buying Daewoo Car Insurance

If you want to go a step further than the Comprehensive Plan, you can choose from a variety of add-on covers. They can be picked with a Comprehensive Plan. Each add-on will add to your final premium but in return, it will provide enhanced coverage. Here are some popular add-on covers that you can pick with your Daewoo car’s insurance policy.

Advantages of Buying ACKO Car Insurance Policy for your Daewoo Car

Buying and renewing car insurance ACKO is super easy. If you are looking to buy or renew Daewoo car insurance online, then look no further than ACKO. Here’s why.

1. Completely Online

ACKO is a digital-first company. The focus is on making the entire insurance experience seamless and hassle-free for you. Insuring your Daewoo car on www.acko.com is similar to transacting on top e-commerce websites—easy, quick, and convenient. Whether you use the website or the app, you can finish shopping in minutes. Also, you can get a Daewoo Insurance quote for free!

2. Get More for Less

ACKO offers incredibly low premiums, wide-ranging insurance plans, and customer-friendly services. This ensures you get a lot more out of your insurance policy for the price paid as premium.

3. Zero-trouble Claims

Claim settlement is a huge pain point for car owners. But that’s not the case at ACKO. You can settle minor claims instantly thanks to On-account Settlement. For major claims, simply login to the website in My Account, share details, and the claims team will take care of the rest.

Claim Procedure

The claim process at ACKO is designed to reduce paperwork and improve efficiency. You do not have to fill lengthy forms while raising car insurance claims. Here’s the process to be followed in case you need to raise a claim.

Step 1: Visit www.acko.com

Step 2: Log in to My Account

Step 3: Select ‘Claim Now’

Step 4: Share details

Step 5: The claims team will take over from there and settle the claim as per the terms and conditions.

Frequently Asked Questions

Read ahead to know answers to common questions concerning Daewoo Car Insurance.

FAQs

My current Daewoo model is out of production. Will I still be able to renew its insurance policy?

Yes, you can renew your car’s insurance policy for such a vehicle. If you cannot find your vehicle model online, for example on www.acko.com, you can contact the customer support team for more details.

Can I buy just the Roadside Assistance Add-on. I do not need any other type of insurance policy for my Daewoo car as I do not use it that often?

First, add-on covers cannot be purchased individually. They need to be bought along with a Comprehensive Cover. Second, the Third-party Liability Car Insurance cover is a mandatory requirement. Thus, you need to insure your Daewoo car with at least that plan to meet legal requirements. The best-case scenario for you would be to purchase a Comprehensive Car Insurance policy along with a Roadside Assistance Cover.

Can I renew the insurance policy of my old Daewoo car online even though I had bought it offline?

Yes, you can renew the plan online.

How much money do I have to pay to insure my Daewoo car?

The payable premium to insure your Daewoo car will depend upon several factors like the car’s model, age, motor insurance cover, etc.

How much time will it take to renew Daewoo car insurance?

If you renew your Daewoo car insurance policy from www.acko.com, it will hardly take a few minutes.

Is the Daewoo company still functional?

Daewoo was taken over by General Motors in 2002.

What happened to Daewoo Motors?

Daewoo Motors was declared bankrupt in late 1999.

Car Insurance for Daewoo car Models

You can easily insure the following Daewoo car models online.

  • Daewoo Matiz Insurance

  • Daewoo Cielo Insurance

  • Daewoo Nexia Insurance

About Car Insurance for Daewoo

Whether it is a new car or an old car, Indian or foreign, it is best to choose a wide-ranging cover for your vehicle. And when it comes to Daewoo car insurance, choosing a Comprehensive Cover along with add-ons such as Zero Depreciation is a good choice. While selecting a cover for your car, think about the risks that you might be exposed to and then look for plans that cover them. For example, if you reside in an area that is prone to waterlog, buy an Engine Cover Add-on.

Expired Daewoo Car Models

Here’s a table highlighting the specifications, variants, and key specifications of expired Daewoo models.

Models EngineMileage (approx.) Price Variants
Daewoo Nexia 1498 cc14.5 to 18.5 kmpl Rs. 6.22 to 6.59 lakhs Std, Deluxe
Daewoo Matiz 796 cc18.5 kmpl Rs. 3.05 Lakh to 4.15 lakhs SS, SD, SG, SP, SA, SE
Daewoo Cielo 1498 cc13.4 kmpl Rs. 5.46 to 6.95 lakhs CNG, GLE, CNG PS, GL, GLX, Std, Std PS, GLE AT, GLX AT

CIN: U66000KA2016PLC138288

IRDAI Registration No: 157

Category: Non-Life Insurance

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Trade logo displayed above belongs to ACKO Technology & Services Pvt Ltd and used by ACKO General insurance Limited under License. For more details on risk factors, terms, conditions and exclusions, please read the policy wordings carefully before concluding a sale.