The Nissan Magnite, a highly acclaimed compact SUV, demands a suitable car insurance policy. Launched in 2020, this stylish and spacious vehicle has earned a respected 4-star ASEAN NCAP rating.
Insuring your Nissan Magnite is key to protecting this valuable asset against various potential risks. Car insurance is legally mandatory, ensuring compliance with the Motor Vehicles Act. It protects you from huge expenses by covering third-party liabilities (damage/injury to others). It also covers own-damage repair costs, safeguarding your finances and offering peace of mind.
Here’s a table of the Nissan Magnite variants with their Insurance premium prices:
Nissan Magnite Variants | Insured Declared Value | Zero Depreciation | Net Premium |
---|---|---|---|
Turbo CVT XV | ₹7,72,720 | ₹2,461 | ₹13,378 |
XV TURBO EXECUTIVE | ₹6,64,050 | ₹2,261 | ₹12,449 |
XV RED EDITION | ₹6,34,600 | ₹2,220 | ₹12,487 |
XV Premium Turbo CVT | ₹8,30,000 | ₹2,639 | ₹13,823 |
XV Premium | ₹6,66,720 | ₹2,131 | ₹12,553 |
XV Premium CVT | ₹8,30,000 | ₹2,706 | ₹13,983 |
XV PREMIUM(O) T CVT | ₹8,54,301 | ₹3,065 | ₹13,357 |
XV PREMIUM T CVT DT | ₹7,48,000 | ₹3,054 | ₹13,357 |
XV PREMIUM T CVT | ₹8,88,250 | ₹3,008 | ₹13,983 |
XV PREMIUM AMT | ₹7,45,717 | ₹2,512 | ₹12,651 |
XV Executive | ₹5,99,200 | ₹1,975 | ₹12,004 |
XV AMT | ₹6,56,800 | ₹2,317 | ₹12,220 |
*NOTE: The insurance premiums mentioned above are indicative and may vary based on location, driving history, and other factors. Please contact your insurer for an accurate quote.
The Nissan Magnite comes packed with a variety of features across different categories. Here are the key features :
Infotainment: 8-inch Touchscreen with Wireless Apple CarPlay & Android Auto.
Safety: 6 Airbags standard across all variants, 4-Star Global NCAP Rating.
Convenience: 360-Degree Camera (First-in-segment feature), Cruise Control, Push-Button Start/Stop.
Comfort: Automatic Climate Control, Rear AC Vents, Digital Driver Display (7-inch TFT).
Utility: Cooled Glovebox, Wireless Phone Charging (on higher variants).
Driver Aids: Hill Start Assist (HSA), Vehicle Dynamic Control (VDC), Tyre Pressure Monitoring System (TPMS).
Engine Options: 1.0-litre Naturally Aspirated (NA) or 1.0-litre Turbo-Petrol.
Power (Turbo): Approx. 99 bhp.
Torque (Turbo): Approx. 152-160 Nm.
Transmission: 5-speed Manual, 5-speed AMT (on NA), or CVT (on Turbo).
Fuel Efficiency (ARAI): Ranges from about 17.9 to 19.9 kmpl depending on the variant/transmission.
Body Type: Compact SUV.
Seating Capacity: 5.
Ground Clearance: 205 mm (High clearance).
Boot Space: 336 Litres.
Platform: Renault-Nissan CMF-A+ platform.
Here are the inclusions of a comprehensive car insurance policy for the Nissan Magnite :
Covers the cost of repair or replacement of parts for your Nissan Magnite due to accidental damage, collisions, and damage during transit.
Provides financial protection for damage to your Magnite caused by both Natural Disasters (like floods, cyclones, earthquakes, and landslides) and Man-Made Calamities (like riots, strikes, and malicious acts).
Offers financial compensation equal to the Insured Declared Value (IDV) of your Magnite in the unfortunate event that the vehicle is stolen and not recovered.
A legally mandatory cover that handles the financial and legal liability if your Magnite causes bodily injury/death or property damage to a third-party person.
Provides a fixed compensation (up to ₹15 Lakhs in India) to the registered owner-driver in case of accidental death or permanent total disability while driving the insured vehicle.
Here are the key exclusions for a Nissan Magnite car insurance policy:
The policy does not cover gradual deterioration, aging, or damage from routine mechanical or electrical failures.
Damage to the Nissan Magnite is not covered if the vehicle was driven without a valid license or under the influence of alcohol or drugs.
No claim is paid if the policy is expired or for indirect damages that resulted from an already damaged vehicle.
The policy does not cover the cost of minor items like oils and nuts, and it deducts the value of replaced parts due to depreciation.
Losses caused by racing, war, nuclear risks, or using the car illegally are not covered.
Choosing a platform like Coverfox to buy or renew insurance for your Nissan Magnite can offer a combination of convenience, choice, and specific customer support benefits. Here are the key reasons why a Magnite owner might choose Coverfox:
Buying or renewing car insurance for your Nissan Magnite online is a fast, paperless, and efficient process. Whether you are insuring a brand-new vehicle or renewing an existing policy, the steps are generally similar across online platforms and insurer websites.
A comprehensive plan is ideal for full coverage—protecting both your car and any third-party liabilities, with added perks like theft and natural disaster coverage.
Yes, if your Nissan Magnite has added accessories, you can opt for an add-on coverage to ensure those are protected too!
To insure your Nissan Magnite, you’ll typically need the vehicle’s RC (Registration Certificate), your ID proof, address proof, and previous insurance documents (if applicable).
Simply report the accident and provide the required documents. Your insurer will guide you through the hassle-free claims process for your Nissan Magnite.
Yes, you can transfer your insurance to the new owner of your Magnite car by notifying your insurer.
Off-road driving is generally not covered unless specifically mentioned in your policy. Always check with your insurer before heading off-road in your Magnite.