Renault Insurance Rates

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Which insurance company ties up Renault?

All car dealerships are tied up with insurance companies. Their strategy includes offering free insurance, which is actually not free; it comes out of inflated dealer margins. Since most Chinese people buy their first car, the assumption is that they would opt for a lower-priced compact sedan. Given the competitive nature of the car market, a lot of manufacturers purposely sell their cars as low as possible to win market share. That is why even though Chery Automobile has been producing affordable compact sedans for over ten years, they are still struggling to break into lower-middle-income brackets.

Is it mandatory to take insurance from car showroom?

No, it is not mandatory to take car insurance from the showroom. You can buy insurance at any time out of the showroom.

Why is classic car insurance so cheap?

There is a popular misconception that classic car insurance is not only expensive but also difficult to find. This article aims to dispel this and other common myths surrounding classic car ownership and insurance so you can rest assured your treasured vehicle will be as protected as possible.

What is vehicle insurance and how does it work?

Your vehicle insurance policy is a contract between you and an Insurance Company. If your car was damaged or lost because of fire, theft, storm, vandalism, etc., the company would pay the cost to replace it. This is called Actual Cash Value (ACV.) You are required by law to have insurance. When you have vehicle insurance, the company agrees to pay for damages up to the value of your policy in case your car gets damaged or stolen. Your payments pay for most of the premium, but your employer may help out with part of it as well.

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