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The Hyundai Elite i20 is a hatchback by Hyundai Motor Company. Before it was discontinued in October 2020, the Elite i20 price was ranging between ₹5.42 Lakh - ₹9.41 Lakh and was offered with an engine capacity of up to 1396 cc. With a 3-star rating in the Global NCAP Safety Test, the Hyundai Elite i20 is a safe car to drive on Indian roads. However, safety ratings cannot protect you from events like accidents or natural calamities that can lead to serious damages to your car, causing unwanted financial stress. Hence, you must buy adequate car insurance coverage for your Hyundai Elite i20 to secure yourself financially during an unfortunate event.
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 |
Petrol |
Rs. 3383 |
Magna Plus 1.2 [2019-2020] |
₹ 7.22 Lakh |
Petrol |
Rs. 3383 |
Magna Plus 1.2 |
₹ 7.51 Lakh |
Petrol |
Rs. 3383 |
Era 1.4 CRDi |
₹ 8.10 Lakh |
Diesel |
Rs. 3383 |
Sportz Plus 1.2 [2019-2020] |
₹ 8.17 Lakh |
Petrol |
Rs. 3383 |
Sportz Plus 1.2 |
₹ 8.41 Lakh |
Petrol |
Rs. 3383 |
Sportz Plus 1.2 Dual Tone [2019-2020] |
₹ 8.50 Lakh |
Petrol |
Rs. 3383 |
Sportz Plus 1.2 Dual Tone |
₹ 8.75 Lakh |
Petrol |
Rs. 3383 |
Magna Plus 1.4 CRDi |
₹ 8.92 Lakh |
Diesel |
Rs. 3383 |
Asta 1.2 (O) [2019-2020] |
₹ 9.24 Lakh |
Petrol |
Rs. 3383 |
Sportz Plus 1.2 CVT [2019-2020] |
₹ 9.41 Lakh |
Petrol |
Rs. 3383 |
Asta 1.2 (O) |
₹ 9.46 Lakh |
Petrol |
Rs. 3383 |
Sportz Plus 1.4 CRDi |
₹ 9.80 Lakh |
Diesel |
Rs. 3383 |
Sportz Plus 1.4 CRDi Dual Tone |
₹ 10.14 Lakh |
Diesel |
Rs. 3383 |
Asta 1.2 (O) CVT [2019-2020] |
₹ 10.39 Lakh |
Petrol |
Rs. 3383 |
Asta 1.4 (O) CRDi |
₹ 10.87 Lakh |
Diesel |
Rs. 3383 |
Sportz Plus 1.2 CVT |
₹ N/A |
Petrol |
Rs. 3383 |
Asta 1.2 (O) CVT |
₹ N/A |
Petrol |
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.
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.
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
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.
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:
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.
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.
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.
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.
Personal Baggage Cover provides coverage for the loss or damage to your personal belongings caused during an accident.
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 covers for engine damages caused due to lubricating oil leakage, water seepage, etc.
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 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
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:
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.
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
You can reduce your car insurance premium using these easy, important tips:
The easiest way to lower your car insurance premium is to maintain your Hyundai Elite i20 by getting it serviced regularly.
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 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.
Pay for inexpensive repairs and avoid raising insurance claims for such expenses to secure your No Claim Bonus reward.
Compare the Hyundai Elite i20 car insurance premiums quoted by various insurance companies before you choose a plan for your vehicle.
Check the car tyres regularly for any cuts, damage, excessive wear and tear, or any missing/loose wheel nuts.
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.
Wash your Hyundai Elite i20 thoroughly at least once a month.
See to it that your Hyundai Elite i20 engine always has clean fuel.
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 |
Kilometres/Months |
Free or Paid |
Total Expenses* |
First Service |
1500/1 |
Free |
₹0 |
Second Service |
10000/12 |
Free |
₹1,234 |
Third Service |
20000/24 |
Free |
₹1,442 |
Fourth Service |
30000/36 |
Paid |
₹3,902 |
Fifth Service |
40000/48 |
Paid |
₹3,877 |
Sixth Service |
50000/60 |
Paid |
₹3,669 |
*Disclaimer: These are indicative prices. The actual cost of maintenance of the Hyundai Elite i20 may vary and change from time to time.
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.
From mileage, transmission, to fuel type, let’s get to know about some of the key specifications of the Hyundai Elite i20:
Details |
Hyundai Elite i20 Specs |
Mileage |
19.8 - 22.5 kmpl |
Engine Displacement |
1197 - 1396 cc |
Transmission Type |
Manual, Automatic (CVT) |
Max Power |
81.83bhp@6000rpm |
Max Torque |
114.7Nm@4000rpm |
Seating Capacity |
5 |
Fuel Type |
Petrol/Diesel |
Fuel Tank Capacity |
45 litres |
No. of Cylinder |
4 |
Boot Space |
295 litres |
Ground Clearance (Unladen) |
170 mm |
Note: The actual specifications may vary depending on the Hyundai Elite i20 variant.
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.
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.
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.
The fuel tank capacity of the Hyundai Elite i20 is 45 litres.
Before the Elite i20 was discontinued in October 2020, it was available in the price range of ₹5.42 Lakh - ₹9.41 Lakh.
The unladen ground clearance of the Hyundai Elite i20 is 170mm.
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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