Hyundai Car Insurance

In the event of an unexpected accident, the cost to repair the engine and damaged car accessories can come out to be ₹1 Lakhs to ₹2 Lakhs for a Hyundai car. Instead of bearing this financial burden on your own, you can get Hyundai car insurance to cover any such expense that you may incur in the future. No matter how good of a driver you are, or how well you take care of your car, there are always some risks that you will be unprotected against. To enjoy carefree long drives in your four-wheeler, getting it insured with the right Hyundai car insurance is essential.

✓Save 80% on Premium ✓Zero Depreciation & Accessories Cover ✓Lock & Key Replacement Cover| Buy a Car Insurance Now!

Hyundai Car Insurance Price for Popular Models

Here are some of the 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 Lakh - ₹6.45 Lakh

Petrol/CNG

₹3416

Hyundai Grand i10 NIOS

₹5.30 Lakh - ₹8.51 Lakh

Petrol/Diesel/CNG

₹2094

Hyundai Aura

₹6.00 Lakh - ₹9.37 Lakh

Petrol/Diesel/CNG

₹2094

Hyundai Verna

₹9.32 Lakh - ₹15.36 Lakh

Petrol/Diesel

₹2094

Hyundai Creta

₹10.22 Lakh - ₹17.93 Lakh

Petrol/Diesel

₹3416

Hyundai Venue

₹6.99 Lakh - ₹11.88 Lakh

Petrol/Diesel

₹2094

Hyundai Alcazar

₹16.34 Lakh - ₹20.15 Lakh

Petrol/Diesel

₹3416

Hyundai Tucson

₹22.69 Lakh - ₹27.47 Lakh

Petrol/Diesel

₹7,897

Hyundai Elantra

₹17.86 Lakh - ₹21.13 Lakh

Petrol/Diesel

₹3416

*Third-party premium rates are indicative. The actual Hyundai insurance cost that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your car insurance policy.

How to Buy Hyundai Car Insurance in No Time

Purchase Hyundai car insurance at affordable prices in the following way on Bajaj MARKETS:

 

Step 1: Visit Bajaj MARKETS online and go to the ‘car insurance premium calculator’ page.

 

Step 2: Fill in the car registration number and mobile number.

 

Step 3: Provide the required information in the application form.

 

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

 

Step 5: Make an instant online payment.

 

Step 6: Your insurance policy will be sent to your email address.

Renew Hyundai Car Insurance in No Time!

You can renew your Hyundai motor insurance to stay secured:

 

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.

 

Read More: Car Insurance Renewal

Why Should You Insure Your Hyundai Car?

The repair or replacement costs of certain cars can be quite expensive in case your vehicle incurs any loss. In the event of an unfortunate accident, the cost to repair the damaged car accessories and the engine can come out to be ₹2 Lakhs to ₹3 Lakhs for a low-cost vehicle. Instead of bearing this financial burden on your own, you can get comprehensive car insurance to cover any such expense that you may incur in the future.

Comprehensive and Third-Party Hyundai Car Insurance

  • 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, the policyholder, against third-party liabilities. Hence, 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, not only are you covered against third-party liabilities but also the damage incurred by your vehicle in accidents. Although the Hyundai insurance prices are slightly higher, it offers you extensive coverage with the convenience of buying add-on covers.

What’s Covered Under Car Insurance

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

What’s Not Covered Under Car Insurance

The comprehensive Hyundai insurance plans do not cover natural wear and tear of the vehicle, mechanical or electrical breakdown, damage resulting from malicious activities, loss caused due to drunk driving, etc.

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

When you buy a comprehensive car insurance plan, it allows you to extend your existing coverage with add-on covers. Here’s a list of add-on covers that you can purchase but 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 insurance, the NCB earned remains even after you make a claim on your car insurance plan.

  • Consumable Cover

This add-on covers the costs related to consumables, which means the items used for the proper functioning of the vehicle’s engine and other parts. These items are the engine oil, gearbox oil, nut and bolt, screws, distilled water grease, brake oil, oil filter, bearings, washers, AC gas, etc.

  • Engine and Tyre Secure Cover

With this cover in Hyundai insurance, you are adding safety to your engine and tyres. So, in case of replacement/repair, the insurer will compensate you for the expenses incurred. Also, any damage to the internal parts such as the engine, gearbox, and transmission is covered.

 

Read more about: Add-on covers in Car Insurance

Claim Process for Hyundai Car Insurance

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

 

  • Hyundai car insurance policy

  • 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 Under Car Insurance

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 motor insurance policy.

  • Reimbursement Claim Under Car Insurance

Reimbursement claims allow you to take your four-wheeler to a garage of your preference that isn’t associated with the insurer. You must pay for the expenses incurred and later file for reimbursement under the insurance plan.

 

Read more: Car Insurance Claim Process

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 a 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 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 shall keep increasing and can go up to a 50% bonus on your renewal premium.

  • Install Anti-Theft Devices

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

  • Avoid Filing Small Claims

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

To Conclude

Though certain Hyundai car models have been discontinued, you can still opt for car insurance for such models with Bajaj MARKETS. Unfortunate mishaps on the road are quite common these days. But this doesn’t mean you should drive your vehicle without the right insurance plan.

 

Comprehensive insurance secures you against various perils and offers a financial backup in case of an accident. Moreover, car insurance is mandatory in India to drive legally on public roads. So, head over to Bajaj MARKETS and get a suitable car insurance policy for your prized possession today!

 

To check the car insurance premiums for policies available on Bajaj MARKETS, use the car insurance calculator. The tool helps you determine the premiums and compare the prices of car insurance plans offered by other insurers as well. That way, you will be able to make an informed decision.

Check Out Car Insurance Plans Available at Bajaj MARKETS

 

FAQs on Hyundai Car Insurance

  • ✔️Can I declare a different IDV for my Hyundai car?

    It is recommended to declare the right Insured Declared Value of your Hyundai car to ensure maximum coverage in case of an accident.

  • ✔️What are the recommended add-on covers bought along with Hyundai car insurance online?

    Some of the recommended add-on covers that you can buy to enhance the insurance protection of your Hyundai car include engine protection cover, no claim bonus protection cover, zero depreciation cover, roadside assistance cover, etc.

  • ✔️Do I get an insurance certificate after buying Hyundai car insurance?

    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 car insurance policy with you at all times when driving on the Indian roads. Besides, keep your driving licence, vehicle registration certificate, PUC, and any other vehicle-related permit issued by the RTO with you at all times.

  • ✔️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

    You can read in detail about the difference between comprehensive and third party insurance on Bajaj MARKETS.

  • ✔️Can I buy Hyundai car insurance online?

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

    • Go to the ‘Car Insurance’ section on our website.

    • Enter your personal and vehicle details.

    • Choose the type of coverage you need.

    • Select the add-on covers (if needed).

    • Review your policy details and proceed to pay the premium amount.

    • Upon successful premium 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

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!