Volvo Car Insurance

Whether you own the bold XC60, the elegant S90, or the versatile XC40, the right policy ensures your Volvo stays as impeccable as the day you bought it. Owning a Volvo is not just about driving luxury; it is about experiencing precision, safety, and sophistication in every journey.

To protect that experience, you need insurance that matches your car’s excellence. Volvo car insurance shields your vehicle from accidents, theft, and natural disasters while covering costly repairs with ease. Explore how you can secure comprehensive protection, enjoy cashless repairs, and renew your Volvo insurance online in minutes.

There are three major types of Volvo car insurance plans available. These include:

Third Party Car Insurance

Third-party car insurance is mandatory as per the regulations of the Motor Vehicles Act, 1988. This insurance policy covers damages caused to another person or their property. This insurance can come in handy during accidents where another person is harmed, so you do not have to pay for the cost of damage to their property or them.

As per the regulations of the Insurance Regulatory and Development Authority (IRDAI) of India, the price for a third-party insurance is fixed:

Comprehensive Car Insurance

This insurance policy offers extensive coverage, including damage to your Volvo and third-party liabilities. A comprehensive car insurance policy covers a wide range of incidents that damage your car. Some of these incidents include explosions, burglary, water clogging, flooding, and more.

On top of this, with this Volvo car insurance, you also have the liberty to include add-ons, such as 24x7 Roadside Assistance, Consumable Expenses, Engine Protector, and more. This is the reason why this policy is considered the ultimate four-wheeler insurance.

Standalone Own Damage Car Insurance

A standalone own damage car insurance from Bajaj General Insurance Company can provide you with protection for damaging your own car. All of the damages to your vehicle due to fire, accidents, natural calamities, or theft are covered in this insurance.

This is just the opposite of third-party car insurance, which provides financial relief if your car is damaged.

Each of these plans has different levels of protection. It is advisable to go for a comprehensive car insurance plan, as it provides complete protection, ensuring both third-party liabilities and your vehicle’s repair costs are covered.

There are several benefits to purchasing Volvo auto insurance:

Financial Protection

With car insurance for your Volvo you can cover expenses arising from accidents, natural disasters, theft, and more. Your out-of-pocket costs will reduce significantly in times of need.

Legal Coverage

Car insurance is legally mandatory in India as per the Motor Vehicles Act, 1988. So, all of the cars on Indian roads need to be insured, and this is where Volvo insurance comes in handy. It ensures you are legally protected in case of third-party liabilities.

Add-On Covers

You can enhance your insurance with add-ons which extend the coverage for your Volvo. There are various add-ons that Bajaj General Insurance Company offers, such as Zero Depreciation, Engine Protection, Consumables Cover, and more.

Easy Car Insurance Online Purchase

With digital technology taking over the motor insurance industry, you can use your phone to purchase your insurance online easily. Applications and websites enable you to buy and renew your Volvo insurance online with just a few clicks.

No Claim Bonus (NCB)

Earn rewards for not claiming insurance, which reduces your premium over time. 

These benefits make Volvo car insurance a must-have for those looking to safeguard their vehicles and finances.

How to Choose the Right Volvo Car Insurance?

Choosing the right Volvo insurance involves several factors:

Assess Your Coverage Needs

Determine whether you need third-party, own-damage, or comprehensive coverage based on your vehicle’s usage. For instance, you are planning to sell your current Volvo model to replace it with a new one. In this scenario, you can save money by just getting a third-party insurance for the old one that you are going to sell.

Compare Plans

Always compare different Volvo car insurance plans to find the one that offers the most value for your needs. Different plans provide different kinds of protection to your car, so select one after a complete analysis.

Consider Add-Ons

Evaluate the importance of add-ons like engine protection, zero depreciation, and roadside assistance to enhance your policy. Suppose you are a regular office driver, so you should get a 24x7 Road Side Assistance cover in case you need help while on your way to the office. On the other hand, if you stay in a rainy place, then you can get an Engine Protector cover to prevent expenses if your car’s engine suffers water damage.

Check Claim Settlement Ratio

A good claim settlement ratio means that your claim has a higher chance of getting approved. Ensure the insurer has a good track record for claim settlements, as demonstrated by Bajaj General Insurance Limited.

Read Policy Terms

Most people make a mistake by not reading the terms and conditions of their policy document carefully, and it can result in future claim rejections. So, understand all the terms and conditions to avoid any surprises during claims.

Taking these steps will help you select the best Volvo auto insurance policy that meets your needs and budget.

Bajaj General Insurance Limited is a leading provider of car insurance in India. Here is why Bajaj General Insurance Limited stands out:

Comprehensive Coverage

We offer extensive protection for Volvo cars, including damage from accidents, theft, and natural disasters. An all-round insurance coverage will provide you peace of mind so you can drive without any stress about your car.

Cashless Repairs

Bajaj General Insurance has a total of *7,200 network garages, which means that there are more locations all over India for you to go for a cashless settlement. So, make your claiming process easier by choosing us.

Quick Claim Settlement

Bajaj General Insurance has a high claim settlement ratio for motor insurance. Moreover, customers also get the option for on-the-spot settlements with us, which makes for a hassle-free experience.

Add-On Benefits

With Bajaj General Insurance Company, you can easily add specific riders that you think will be necessary for you in the future. This will also enhance your policy coverage. Some of the add-ons that you can choose from include zero depreciation, engine protection, and roadside assistance.

Digital Services

Our application provides an easy way to manage your policy, raise claims, and renew car insurance coverage completely online. Now you do not need to worry about standing hours in line to get your insurance work done; just a few clicks, and that is it!

What Factors Can Impact Your Volvo Insurance Price?

There are several factors that can impact the price of your Volvo insurance. Some of these are as follows:

Car Age

Older cars attract a higher premium price. This is because obtaining parts for older cars in the current market is difficult and rare.

Car Type

The make, engine capacity, and model of a car also play a role in determining the price of insurance premiums. Volvos with high engine capacity and advanced features will attract more premium buyers than other models.

Coverage Type

Selecting comprehensive insurance will attract a higher premium than just having third-party insurance.

Location of Registration

If your vehicle is registered in a city with high traffic density, the chances of accidents will also be high, eventually increasing the insurance premium price.

No Claim Bonus (NCB)

If you have NCB, then it can decrease the Volvo insurance premium. The NCB discount can go up to 50%.

Insured Declared Value (IDV)

If you choose a higher IDV for your vehicle, then it will also increase the premium cost of your Volvo.

Claim History

If you have a history of making frequent claims, then you will be considered a high-risk customer. Thus, the premium price for your car will also be higher.

Add-ons Chosen

The more add-ons you choose, the higher your insurance premium will be.

Safety and Anti-Theft Devices

If your Volvo has safety and anti-theft devices installed, which are approved by the Automotive Research Association of India (ARAI), then your premium will also reduce.

To raise a Car Insurance Claim, you will need the following documents:

1. Claim Form

2. FIR (if filed)

3. Repair Bills and Receipts (for reimbursements)

4. Car Insurance Policy

5. Vehicle Registration Details

6. Driver’s License

7. No Objection Certificate (NOC)

8. Medical Reports (if any)

9. Bank Details

Making a claim for your Volvo car insurance policy means that you will get coverage for repair or replacement expenses in case of an accident, theft, or damage. In Bajaj General Insurance, the claim process is tailored in a way to ensure that it is quick and hassle-free. There are mainly two types of claims that the policyholder can make.

Being aware of the steps can lead to quicker approvals and hassle-free settlements.

Cashless Claim Process

A cashless claim will allow you to have your Volvo serviced in a garage in the insurer-approved network without having to pay the repair bill at the moment (except for deductibles or out-of-pocket expenses).

Step 1: Notify Bajaj General Insurance immediately, on their site, app or customer care contact number.

Step 2: File an FIR at the closest police station, if necessary.

Step 3: Provide all the required documents and evidence, such as the pictures of the damage and a copy of the FIR in case.

Step 4: A surveyor contracted by the insurer will examine the car to determine the level of the damage.

Step 5: Bring your Volvo to a recognised network garage. The garage will forward the bill to Bajaj General Insurance, and the approved amount will be paid by the insurer.

Reimbursement Claim Process

Through a reimbursement claim, you are at liberty to decide on any garage you wish to do the repair, but you will have to settle the cost first and reclaim the amount later with the insurer.

Step 1: Report the incident to Bajaj General Insurance and make an FIR where necessary.

Step 2: Present all the necessary documents and cooperate with the inspection of the surveyor.

Step 3: Have your Volvo fixed in a garage of your own choice.

Step 4: Pay the repair bills and save all the original bills and payment receipts.

Step 5: Forward all the documents and bills to the Bajaj General Insurance. After the verification is complete, a refund will be deposited into your account with the approved amount.

Note: You should always notify your insurer immediately when the event takes place and make sure that you have your claim forms in order. It is also possible to claim a Volvo car insurance more quickly and conveniently through the network garages of Bajaj, and its ability to handle claims effectively.

Data as on 12/2025