Hyundai Elite i20 Insurance in India

Incurring expenses for the damages of a Hyundai Elite i20 can drain your wallets with lakhs of rupees in one go. However, the Hyundai Elite i20 insurance in India can stop losses from colliding with your financial health. It offers coverage that protects your vehicle from the costs of severe damages. This Hyundai Elite i20 insurance covers damages caused due to natural disasters, accidents, man-made disasters and other unforeseen catastrophes. 


The comprehensive Hyundai i20 car insurance covers not only the damages to your vehicle but also third-party liabilities, which helps you fulfil the Motor Vehicles Act of 1988. Additionally, any injuries or untimely demise of passengers is covered under this insurance as well.

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Hyundai Elite i20 Variants with Car Insurance Price

The Elite i20 was available in 18 variants- 14 Manual and 4 Automatic (CVT). Let’s take a look at the Hyundai Elite i20 variants and the cost of Elite i20 car insurance:

Hyundai Elite i20 Variants

Ex-showroom price*

Fuel Type

Estimated Third-party Premium~

Era 1.2

₹ 6.28 Lakh


Rs. 3383

Magna Plus 1.2 [2019-2020]

₹ 7.22 Lakh


Rs. 3383

Magna Plus 1.2

₹ 7.51 Lakh


Rs. 3383

Era 1.4 CRDi

₹ 8.10 Lakh


Rs. 3383

Sportz Plus 1.2 [2019-2020]

₹ 8.17 Lakh


Rs. 3383

Sportz Plus 1.2

₹ 8.41 Lakh


Rs. 3383

Sportz Plus 1.2 Dual Tone [2019-2020]

₹ 8.50 Lakh


Rs. 3383

Sportz Plus 1.2 Dual Tone

₹ 8.75 Lakh


Rs. 3383

Magna Plus 1.4 CRDi

₹ 8.92 Lakh


Rs. 3383

Asta 1.2 (O) [2019-2020]

₹ 9.24 Lakh


Rs. 3383

Sportz Plus 1.2 CVT [2019-2020]

₹ 9.41 Lakh


Rs. 3383

Asta 1.2 (O)

₹ 9.46 Lakh


Rs. 3383

Sportz Plus 1.4 CRDi

₹ 9.80 Lakh


Rs. 3383

Sportz Plus 1.4 CRDi Dual Tone

₹ 10.14 Lakh


Rs. 3383

Asta 1.2 (O) CVT [2019-2020]

₹ 10.39 Lakh


Rs. 3383

Asta 1.4 (O) CRDi

₹ 10.87 Lakh


Rs. 3383

Sportz Plus 1.2 CVT

₹ N/A


Rs. 3383

Asta 1.2 (O) CVT

₹ N/A


Rs. 3383

*The ex-showroom prices are for Delhi and are subject to change on the basis of the city.

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

Get Your Hyundai Elite i20 Car Insurance in 5 Easy Steps!

Applying for Hyundai Elite i20 Car Insurance at Finserv MARKETS is quite simple. All you have to do is follow these steps to buy car insurance online:

  • Fill in your mobile number and your Hyundai Elite i20 registration number.

  • Enter all the necessary details about your vehicle.

  • Choose a Hyundai Elite i20 car insurance plan as per your needs.

  • Pay the car insurance premium online.

  • Upon successful payment, your Hyundai Elite i20 car insurance policy will be sent to your email address.

Renew Your Hyundai Elite i20 Car Insurance Within Minutes!

You must renew your car insurance policy to continue reaping its benefits. Here are the 5 easy steps to renew your Hyundai Elite i20 car insurance on Finserv MARKETS:

  • Visit the Finserv MARKETS ‘Car Insurance Renewal’ page.

  • Enter your Elite i20 registration number and your contact details.

  • Check your Hyundai Elite i20 car insurance renewal premium.

  • Make the car insurance premium payment online.

  • Download the policy copy.

Read More: Car Insurance Renewal

Why Insure Your Hyundai Elite i20?

Having car insurance for your vehicle is mandatory by law in India. Besides this, it is vital to keep in mind that any damage or loss to your Hyundai Elite i20 can cause a financial burden on you. The repair/replacement expenses for serious damages can easily go up to ₹1 Lakh or more. This can drain your savings in no time. Therefore, having an appropriate Hyundai Elite Car insurance policy is essential.

Types of Hyundai Elite i20 Car Insurance You Can Choose From

In India, you can opt for a third-party car insurance plan or a comprehensive car insurance plan for your Hyundai Elite i20. Let’s understand the key difference between the two:

  • Third-Party Car Insurance

Under the Motor Vehicles Act, 1988, a third-party cover is mandatory to drive your vehicle on Indian roads. Such policies protect you only from the financial liabilities incurred by your insured vehicle towards a third party. Hence, the premium charges for third-party car insurance plans are easy on the pocket. However, if you are looking to buy a car insurance policy with an extensive cover for your Hyundai Elite i20, it is recommended to go for a comprehensive car insurance policy.

  • Comprehensive Car Insurance

A comprehensive car insurance cover protects you from both third-party liabilities as well as the damages to your own vehicle. This policy is considered to be an all-rounded cover that provides you with financial aid against all liabilities that you may incur. Hence, the premium for such policies may be marginally higher as compared to third-party covers.

What is Included in Your Hyundai Elite i20 Insurance Cover?

As we discussed earlier, a third-party car insurance policy covers only the injuries/damages caused to a third party by your insured Hyundai Elite i20. On the other hand, a comprehensive car insurance policy not only covers third-party liabilities, but also the damages caused to your insured Hyundai Elite i20, repair and replacement expenses, personal accident cover, etc.

What is Excluded From Your Hyundai Elite i20 Insurance Cover?

There are certain expenses that are excluded from your Hyundai Elite i20 insurance policy. Some of these expenses are damages incurred outside the stated geographical location, damages due to nuclear exposure, damages caused due to overspeeding or driving under the influence of intoxicants, loss due to malicious activities, etc.

Add-On Covers to Enhance Your Hyundai Elite i20 Car Insurance

  • Personal Baggage Cover

Personal Baggage Cover provides coverage for the loss or damage to your personal belongings caused during an accident.

  • Lock & Key Replacement Cover

Lock and Key Replacement Cover provides insurance cover for recovery/replacement of the car keys for your Hyundai Elite i20 in case it is lost or left inside the car.

  • Engine Protector Cover

Engine Protector Cover covers for engine damages caused due to lubricating oil leakage, water seepage, etc.

  • Personal Accident Cover

Personal Accident Cover provides coverage for the expenses in the event of bodily injuries, permanent disabilities, or accidental death of the driver of the insured Hyundai Elite i20.

  • Accessories Cover

Accessories Cover provides coverage for damages incurred to your Hyundai Elite i20’s accessories in case of any mishap.

Read more: Add-on Covers in Car Insurance

Things to Know Before Filing a Claim for Your Hyundai Elite i20 Insurance

You must know about the documents required and the two ways to file a claim for your Hyundai Elite i20 car insurance. Let’s get started with the documents required to file a claim.

In case of a car insurance claim, you are required to submit the following documents:

  • Duly filled and signed insurance claim form

  • Copy of the Hyundai Elite i20 insurance policy

  • Copy the Elite i20’s registration certificate (RC)

  • Copy of the driver’s licence

  • Copy of the FIR registered

  • Original bills and receipts of the car repair

Now that we know about the documents, it’s time to understand the different ways to file a car insurance claim. There are two ways to claim your Hyundai car insurance:

  • Cashless Claim

With a cashless claim facility, your damaged car can be repaired at any network garage. Your insurance provider will directly pay the garage for all the repair/replacement expenses that have been incurred.

  • Reimbursement Claim

Here, you can get your insured car repaired at any garage of your choice, bear the expenses out of pocket, and then file a claim for reimbursement against your Elite i20 car insurance policy. The insurance provider will transfer the settlement amount to your bank account once the claim is approved.

Read more: Car Insurance Claim Process

Reduce Your Hyundai Elite i20 Car Insurance Premium

You can reduce your car insurance premium using these easy, important tips:

  • Regular Servicing of Your Hyundai Elite i20

The easiest way to lower your car insurance premium is to maintain your Hyundai Elite i20 by getting it serviced regularly.

  • Install ARAI approved Anti-Theft Devices in Your Elite i20

Install the Automotive Research Association of India (ARAI) approved anti-theft devices in your four-wheeler to get an additional reduction in the insurance premium.

  • Use No Claim Bonus (NCB) Rewards

Use your NCB rewards to get a cost-effective renewal premium on your car insurance policy. You can earn these rewards by making zero claims throughout the policy tenor.

  • Bear Inexpensive Repair Costs Out of Pocket

Pay for inexpensive repairs and avoid raising insurance claims for such expenses to secure your No Claim Bonus reward.

  • Compare Car Insurance Premium Quotes

Compare the Hyundai Elite i20 car insurance premiums quoted by various insurance companies before you choose a plan for your vehicle.

Tips to Maintain Your Hyundai Elite i20

  • Inspect Tyres

Check the car tyres regularly for any cuts, damage, excessive wear and tear, or any missing/loose wheel nuts.

  • Check Car Battery

Regularly check your car battery for any corroded battery cables. Disconnect the battery cables if your Elite i20 is not going to be used for an extended time.

  • Clean the Car Regularly

Wash your Hyundai Elite i20 thoroughly at least once a month.

  • Maintain a Clean Engine

See to it that your Hyundai Elite i20 engine always has clean fuel.

Know the Hyundai Elite i20 Maintenance Cost

The approximate Hyundai Elite i20 maintenance cost for five years is ₹14,124. The first, second and third servicing of your Hyundai Elite i20 is free. Let’s take a look at the Hyundai Elite i20 service schedule and the cost applicable:

Hyundai Elite i20 Service Schedule


Free or Paid

Total Expenses*

First Service




Second Service




Third Service




Fourth Service




Fifth Service




Sixth Service




*Disclaimer: These are indicative prices. The actual cost of maintenance of the Hyundai Elite i20 may vary and change from time to time.

About Hyundai Elite i20

The Hyundai Elite i20 was launched in 2008 to cater to the needs of the middle-class economy population. Before it was discontinued in October 2020, the car was available in seven different colours in India – Fiery Red, Star Dust, Typhoon Silver, Polar White Dual Tone, Polar White with Phantom Black, Polar White and Red Passion with Phantom Black. The car is a great combination of style, comfort, and performance.

Hyundai Elite i20 Specifications

From mileage, transmission, to fuel type, let’s get to know about some of the key specifications of the Hyundai Elite i20:


Hyundai Elite i20 Specs


19.8 - 22.5 kmpl

Engine Displacement

1197 - 1396 cc

Transmission Type

Manual, Automatic (CVT)

Max Power


Max Torque


Seating Capacity


Fuel Type


Fuel Tank Capacity

45 litres

No. of Cylinder


Boot Space

295 litres

Ground Clearance (Unladen)

170 mm

Note: The actual specifications may vary depending on the Hyundai Elite i20 variant.

Features of Hyundai Elite i20

The Hyundai Elite i20 offers some fantastic features at affordable rates. Some of the key Hyundai Elite i20 features are:

  • Power Steering

  • Driver and Passenger Airbags

  • Air Conditioner

  • Alloy Wheel Covers

  • Power Windows (Front)

Note: The actual features may vary depending on the Hyundai Elite i20 variant.

In Conclusion

The Hyundai Elite i20 was discontinued in India in October 2020, but you can still find the car in the second-hand market. Even though the Elite i20 comes with some of the best safety features offered by Hyundai, you must cover your precious four-wheeler with the right Hyundai Elite i20 car insurance policy to secure yourself financially in the event of any accidents, theft, or loss. So, wait no more! Get your hands on some of the best car insurance plans offered by Finserv MARKETS with bespoke add-on covers.

Note: Even though the Hyundai Elite i20 has been officially discontinued in India, you will still need a valid third-party car insurance plan to drive your vehicle on Indian roads.

Check Out Car Insurance Plans Available at Bajaj MARKETS


FAQs on Hyundai Elite i20 Car Insurance

  • ✔️What is the Hyundai Elite i20 service cost in India?

    The approximate Hyundai Elite i20 service cost for 5 years is ₹14,124. However, the service cost for different Hyundai Elite i20 variants is subject to change and can vary from time to time.

  • ✔️How much is the Hyundai Elite i20 fuel tank capacity?

    The fuel tank capacity of the Hyundai Elite i20 is 45 litres.

  • ✔️What is the Hyundai Elite i20 price in Delhi?

    Before the Elite i20 was discontinued in October 2020, it was available in the price range of ₹5.42 Lakh - ₹9.41 Lakh.

  • ✔️What is the ground clearance of the Hyundai Elite i20?

    The unladen ground clearance of the Hyundai Elite i20 is 170mm.

  • ✔️Is it cheaper to get insurance cover for an older Hyundai Elite i20 car?

    Yes, it is cheaper to insure an older Hyundai Elite i20 car as it loses its value with age due to depreciation. A car’s Insured Declared Value, or IDV, goes down by up to 50% over the first three years of its life.

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