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Old 31st October 2009, 09:31   #46
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Insurance Rs.28k - too high ?
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Old 31st October 2009, 10:07   #47
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Default Help on Insurance

Guys I need information regarding the insurance. The guy says it covers 95% of ex-showroom value. What does this mean. For example my door gets damaged and needs to be replace, what does the insurance cover, will I have to pay any from my pocket. The guy says it has some predefined percentage for each part which I would required to pay. Is this true with all insurance. What is the best coverage I should could get.
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Old 31st October 2009, 11:44   #48
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Insurance taken for 95% of the car price ex show-room.
Coverage for damages of different parts in the car will vary company to company
(Insurance companies have thier own set of terms and conditions).

My car, Fiesta !.6ZXi, the Insurance premium is Rs.17,666 and the total sum insured is for Rs.6,16,284. Thats the reason I said Rs.28L is too high as charged by your dealer ?
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Old 31st October 2009, 12:46   #49
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The word insurance = luxury, why should a new car need a such a huge coverage? door or car wont break unless if something terrible happens and hope such things happen rare and chances are less for new cars as extra care is assured from the buyers
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Old 31st October 2009, 13:19   #50
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IMO,Insurance is not Luxury.

When one can spend anything around 7 to 8L for a car, spending Rs. 18000 or so is not a waste but definitely you are covered various things (it covers Total own damage, Third party liability, PA cover upto Rs.2L for owners-Driver etc).

If I am correct - those days one can take only Third Party Insurance for which the premium wa just around Rs.1000, but then you and the car is not at all covered under this insurance. However, now it is mandatory that Comprehensive Insurance is must for all vehicle?

If you ask me, the more amount we are paying towards VAT and RTax than the Insurance amount. And paying Insurance will definitely help one, if something unexpected happens !
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Old 31st October 2009, 15:29   #51
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Sheesh, having a 'Driver's Fiesta" as your first car! Awesome!
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Old 1st November 2009, 11:47   #52
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The value in the invoice (post discounts if any) will be your ex-showroom price and 5% will be depriciated to get the IDV of the vehicle. Hope this helps.
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Old 1st November 2009, 19:06   #53
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Default Petrol or Diesel

Guys, Confused again, Petrol or Diesel.
My monthly running will be less than 1000 kms and occasional long drives.
Which would better suit me, petrol or diesel.

Also I have already done the PDI and paid the full amount for the petrol. Registration is due on Tuesday. Is it possible to ask for a diesel now if I opt to go for a diesel.
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Old 1st November 2009, 21:58   #54
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Stronghold, looking at your monthly running, petrol does seem like a better option.
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Old 1st November 2009, 22:50   #55
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Quote:
Originally Posted by stronghold View Post
Te insurance is around 28k from the dealer itself. I will upload the pics after the delivery.
The insurance figure of 28K does seem very high. I think Ford has a tie-up with Bajaj Allianz. I got mine (also Bajaj Allianz) directly from an agent for Rs. 16,349. Suggest you get a price cut of 28K and get the insurance yourself.
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Old 1st November 2009, 22:53   #56
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@stronghold: Stay with petrol mate.

1000km per month doesn't justify a diesel. Giving up the fun of driving 1.6l petrol for the cost of diesel just for 1000km does not stack up either
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Old 2nd November 2009, 08:46   #57
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diesel suits engines of higher capacity in my view, as more moving components for a smaller sized engines are not worth for long runs.
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Old 2nd November 2009, 09:25   #58
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Quote:
Originally Posted by stronghold View Post
Guys, Confused again, Petrol or Diesel.
My monthly running will be less than 1000 kms and occasional long drives.
Which would better suit me, petrol or diesel.

Also I have already done the PDI and paid the full amount for the petrol. Registration is due on Tuesday. Is it possible to ask for a diesel now if I opt to go for a diesel.
+
Suggest maintain the booking and no need for changing to diesel since your anticipated running per month is only 1000kms
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Old 2nd November 2009, 09:42   #59
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Thanks for your inputs guys. I am sticking with the petrol itself.
People got me confused, everyone asking if it was a diesel if I said I have booked a ford fiesta. Also most of the fiesta's I see on road were diesels. Hence got a little confused. Its really been a great help from you guys. Thanks again.
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Old 2nd November 2009, 10:26   #60
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Stronghold, that's a wise decision. A good 60-70% of Fiestas on the road are indeed diesels, but they probably put in a lot of miles every year.

I previously read that you do not have a DL yet. So who is going to drive the car from the showroom?
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