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No matter how well you drive or care for your car, unaccountable risks are always present. The same holds true for your cherished Hyundai car as engine repairs, outer body damage and more can end up being heavy on the pocket. 

 

To enjoy your four-wheeler without stress, getting it insured is essential. This is where choosing the right Hyundai car insurance helps cover expenses you may incur in the future. 

Hyundai Car Insurance Price for Popular Models

Here are a few top Hyundai car models with their car insurance costs:

Hyundai Car Models

Ex. Showroom Price*

Fuel Type

Estimated Third-party Premium**

FY 2022-23 (effective 1st April, 2022)

Hyundai Santro

₹4.86 Lakhs - ₹6.45 Lakhs

Petrol/CNG

₹3416

Hyundai Grand i10 NIOS

₹5.30 Lakhs - ₹8.51 Lakhs

Petrol/Diesel/CNG

₹2094

Hyundai Aura

₹6.00 Lakhs - ₹9.37 Lakhs

Petrol/Diesel/CNG

₹2094

Hyundai Verna

₹9.32 Lakhs - ₹15.36 Lakhs

Petrol/Diesel

₹2094

Hyundai Creta

₹10.22 Lakhs - ₹17.93 Lakhs

Petrol/Diesel

₹3416

Hyundai Venue

₹6.99 Lakhs - ₹11.88 Lakhs

Petrol/Diesel

₹2094

Hyundai Alcazar

₹16.34 Lakhs - ₹20.15 Lakhs

Petrol/Diesel

₹3416

Hyundai Tucson

₹22.69 Lakhs - ₹27.47 Lakhs

Petrol/Diesel

₹7,897

Hyundai Elantra

₹17.86 Lakhs - ₹21.13 Lakhs

Petrol/Diesel

₹3416

*Third-party premium rates are indicative. The actual Hyundai car insurance cost may change depending on the terms of your policy. Do check the current premium rates before you sign up for car insurance.

Check Out Car Insurance Plans Available at Bajaj Markets

Name of the plan

Features

Cost of the plan

 

 

ACKO

High claim ratio settlement of 95.50%

Paperless sign-up process

Nominal premiums

Personal accident coverage up to ₹15 Lakhs

Digital renewal process

 

 

Premium starting at ₹2094/-

 

 

 

HDFC ERGO

Personal accident coverage up to ₹15 Lakhs

Claim ratio settlement of 99.00%

Overnight repair facility

Emergency assistance

Speedy process

Up to 7,700+ cashless network garages across the country

 

 

 

Premium starting at ₹2094/-

 

 

BAJAJ Allianz

Claim ratio settlement of 98.54%

24X7 roadside assistance

Cashless claim option

Quick online renewal options

Speedy claim settlement process

Up to 4,500+ cashless network garages

 

 

Premium starting at ₹2094/-

 

SBI General

Claim ratio settlement of 98.00%

Multiple Add-on Covers

Cashless Claims

Minimal Documentation

24*7 Customer Care

 

Premium starting at ₹2094/-

Disclaimer: The prices are subject to change based on the discretion of the insurance provider.

How to Buy Hyundai Car Insurance Instantly

Purchase Hyundai car insurance online at affordable rates using the following steps on Bajaj Markets:

 

  • Step 1: Click on ‘Get Quote’ at the top of the page and access the car insurance premium calculator

  • Step 2: Fill in your Hyundai car registration number, mobile number and PIN code

  • Step 3: Enter the required details in the application form

  • Step 4: Pick the car insurance that suits your needs

  • Step 5: Make an instant online payment

Your insurance policy will be sent to your email address soon after. 

Renew Hyundai Car Insurance in No Time!

Follow the steps mentioned below to renew your Hyundai car insurance online to stay secure:

 

  • Step 1: Visit the car insurance renewal page on your insurance provider’s website

  • Step 2: Enter your registration number and mobile number

  • Step 3: Provide your previous policy details

  • Step 4: Check your renewal premium

  • Step 5: Make an instant online payment

  • Step 6: Download your insurance policy copy

Benefits of Buying a Hyundai Car Insurance Policy

Here are some unique advantages of getting the right Hyundai car insurance online plan:

 

  • Minimal documentation

  • Hassle-free settlement of claims

  • Comprehensive coverage inclusive of third-party and self damage

  • Quick and instant online purchase of the plan

  • Personal accident cover for owner, passengers and driver

What is Covered Under Hyundai Car Insurance?

Third-party insurance covers damage or loss incurred by a third party, bodily injuries, death of the victim and a personal accident cover. Comprehensive Hyundai car insurance includes all of these along with own damage, calamities, theft and more. 

What is Not Covered Under Hyundai Car Insurance?

Comprehensive Hyundai car insurance plans do not cover natural wear and tear of the vehicle as well as mechanical or electrical breakdown. It also excludes damage resulting from malicious activities, loss caused due to drunk driving, damage due to war, terror attacks and nuclear disasters. It also doesn’t cover you if your policy is lapsed or null or if you were driving without the right documents during the incident.

Must-Have Add-On Covers for Your Hyundai Car Insurance

Buying a comprehensive Hyundai car insurance plan allows you to extend your existing coverage with add-on covers. Here is a list of add-ons that you can purchase. Keep in mind that these may differ based on the insurer. 

Zero Depreciation Cover

With a zero depreciation car insurance cover, you will receive full compensation on the claim without factoring in the depreciation.

NCB Protection Cover

With the NCB protection cover in Hyundai car insurance, the NCB you earn is applicable even after you file a claim, so you can lower your premiums. 

Consumable Cover

This add-on covers the cost related to consumables, which means items used for the proper functioning of the vehicle’s engine and other parts. These items include engine, gearbox and brake oil, screws and nuts, bearings, washers, AC gas, etc. Normally, these are not covered by Hyundai car insurance plans.

Engine and Tyre Secure Cover

With this cover in your Hyundai car insurance policy, the insurer will compensate you for the expenses incurred in case of replacement/repair of your engine and tyres. Any damage to the internal parts such as the engine, gearbox, and transmission is also covered.

Why Should You Insure Your Hyundai Car?

The repair or replacement costs of certain car parts can cause a financial strain if your vehicle incurs any loss. Instead of bearing this burden on your own, you can get comprehensive car insurance to cover any such expense as per the terms of your Hyundai car insurance. This way, you can drive your beloved car stress-free and know that you have a cover in case you need it. 

About Comprehensive and Third-Party Hyundai Car Insurance

There are two types of Hyundai car insurance policies you can choose. 

Third Party Car Insurance

Third-party car insurance is mandatory under the Motor Vehicles Act, 1988. However, the coverage provided under it is quite limited. It only covers you against third-party liabilities. With this coverage, the premiums charged on this plan are more affordable.

Comprehensive Car Insurance

Comprehensive car insurance is the recommended plan for all vehicle owners. Under this plan, are you not only covered against third-party liabilities, but also the damage incurred by your vehicle during accidents and other incidents. Although this type of Hyundai car insurance comes at a higher cost, it offers you extensive coverage with the convenience of buying add-on covers.

Claim Process for Hyundai Car Insurance

The following documents are required to raise a claim as per your Hyundai car insurance policy:

 

  • Hyundai car insurance policy document

  • Vehicle details

  • Insurer details

  • Registration Certificate

  • Details of the incident

  • FIR copy in case of theft

  • Original bills and receipts of the vehicle repair

There are two types of Hyundai car insurance claims:

Cashless Claim 

A cashless claim facility enables you to repair your vehicle without having to pay for it. The garage directly settles the bill with the insurance provider. However, you must opt for a network garage to seek a cashless facility under your Hyundai car insurance policy.

Reimbursement Claim 

Reimbursement claims allow you to take your four-wheeler to a preferred garage that is not partnered with the insurer. You must pay for the incurred expenses from your pocket and later file for reimbursement as per the terms of your Hyundai insurance plan.

Tips to Lower Hyundai Car Insurance Premium

You can reduce your Hyundai car insurance premium rates and avail an affordable quote with these tips:

Compare Quotes

It is crucial to compare car insurance quotes offered by various insurance providers and opt for the most suitable one. In this way, you can get the best Hyundai car insurance offer in the market without losing out on any benefits.

Make Use of the No Claim Bonus

No Claim Bonus or NCB is the reward you can avail for making zero claims throughout the policy year. With consecutive claim-free years, your NCB reward keeps increasing and can result in up to a 50% bonus 

Install Anti-Theft Devices

One of the best ways to lower car insurance premiums is to install ARAI (Automotive Research Association of India) approved anti-theft devices. These include car alarms, GPS

Avoid Filing Small Claims

If you want to secure your NCB for Car Insurance, you can choose to pay for small repair expenses yourself and avoid filing a claim. This way, you can use the cover for bigger claims or avail the No Claim Bonus during renewal. However, this is only recommended if the Hyundai car insurance claim amount is small.

FAQs on Hyundai Car Insurance

Can I declare a different IDV for my Hyundai car?

It is best to declare the correct Insured Declared Value of your Hyundai car to ensure maximum cover during any loss-incurring incident.

What are the recommended add-on covers to buy along with Hyundai car insurance online?

Some of the recommended add-on covers you can buy to enhance the insurance protection of your Hyundai car include engine protection cover, NCB protection cover, zero depreciation cover, roadside assistance cover, etc.

Do I get an insurance certificate after buying a Hyundai car insurance policy?

Yes. The insurance certificate will be issued to you immediately after you insure your Hyundai car with a car insurance plan of your choice.

Do I need to carry my Hyundai car insurance when driving the vehicle?

Yes. You have to carry your Hyundai insurance policy with you at all times when driving on the Indian roads. Also, keep your driving licence, vehicle registration certificate, PUC, and any other vehicle-related permit issued by the RTO with you always.

What types of Hyundai car insurance plans are available in India?

You will come across two types of car insurance plans for your Hyundai motor vehicle:

  • Third-party car insurance

  • Comprehensive car insurance

Can I buy Hyundai car insurance online?

Yes. You can buy Hyundai car insurance online at Bajaj Markets. Just follow the steps mentioned below:

Step 1: Click on ‘Get Quote’ 

Step 2: Enter your personal and vehicle details

Step 3: Choose the type of coverage you need

Step 4: Select the add-on covers (if needed)

Step 5: Review your policy details and proceed to pay the premium amount

Upon successful payment, the insurer will issue the policy in no time.

 

What factors can affect my Hyundai car insurance premium?

Generally, your car insurance premiums are determined based on the following factors:

  • Engine cubic capacity (cc)

  • History of claims raised on any existing car insurance plan

  • Make and model of the vehicle

  • Voluntary deductible

  • Fuel type

  • Coverage chosen

  • Area of residency

 

How long does it take to renew a Hyundai car insurance?

You can renew your car insurance online within just five minutes! 

Will I be provided with an insurance certificate on insuring my Hyundai car?

Yes, after you select a plan and pay the premium, you will receive a digital/physical copy of your insurance policy from the insurer.

How to renew the expired policy for my Hyundai Car?

If your existing policy has expired, you can renew it within a timeline of 30-90 days. However, this grace period varies from one insurer to the other. Make sure to renew the policy online without any delay.

Can I get insurance for my Hyundai Creta?

Yes, you can get a Hyundai Creta insurance to keep your car protected. 

What is the Hyundai i10 insurance price?

You can get an estimate on the Hyundai i10 insurance price on Bajaj Markets. 

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