Hyundai Elite i20 Car Insurance

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Hyundai Elite i20 Car Insurance

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In India, owning a car is a matter of pride. But maintaining a car becomes a challenge, especially with the increasing cost of spare parts and service. A car insurance policy protects you against financial losses incurred due to damages to your car. Moreover, third-party motor insurance ensures that you comply with legal requirements. Elite i20 is a premium hatchback from Hyundai, which is popular among car enthusiasts in the country. Read on as this article covers all the aspects of Hyundai Elite i20 car insurance.

Benefits of Buying Online Car Insurance for Elite i20 Car:
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Below are the benefits of purchasing car insurance online for your Hyundai Elite i20 car:

1. No Paperwork
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There is no need to fill forms or submit documents while buying/renewing car insurance online from ACKO. Visit the ACKO website or app and fill in the vehicle and personal details to purchase car insurance for your Elite i20 car. The car insurance purchase/renewal process can be completed within a few minutes.

2. Save Time and Money
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You don’t need to visit an insurance agent or insurer’s office to buy car insurance online. Just log on to the ACKO website/app and complete the purchase from anywhere in the country. Also, you can compare different insurance plans online before buying one. Online car insurance saves you precious time and money.

3. Transparent Process
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When you buy car insurance online, there is no intervention from an agent/middleman. You directly purchase the policy from ACKO. With no influence from an agent, you can make an informed choice and buy the car insurance policy that best fits your needs at an economical Hyundai i20 insurance price.

Insurance Plans for Hyundai Elite i20 Car:
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There are mainly two types of car insurance plans available for Hyundai Elite i20: Comprehensive Car Insurance Plan and Third-Party Car Insurance Plan. Below are the details of both the insurance plans

Third-Party Car Insurance Plan:
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A Third-Party Car Insurance Plan provides coverage against loss/damage to third-party property or life. Purchasing a third-party cover is mandatory to comply with the legal requirements. A third-party liability (TPL) cover is a basic insurance policy, and it does not cover damages to your vehicle.

Comprehensive Car Insurance Plan:
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A Comprehensive Car Insurance Policy provides extensive coverage as it comes with Third-party and Own Damage cover. The insurance plan provides coverage against third-party damages and damage to your vehicle. The vehicle damage cover provides coverage against damage to your car caused due to an accident, fire, or man-made/natural disaster. Apart from that, the Comprehensive Plan also covers theft or total loss of the insured vehicle.

You can also buy add-ons to enhance the coverage of the Comprehensive Car Insurance Plan.

What’s Covered in Elite i20 Car Insurance? (Inclusions):

Hyundai Elite i20 Comprehensive Car Insurance Plan provides coverage against the following:

Exclusions of Elite i20 Insurance:

Hyundai Elite i20 Comprehensive Car Insurance does not provide coverage against the following circumstances:

Add-ons for Elite i20 Car Insurance:

An add-on is an individual cover, which enhances the coverage benefits of the Comprehensive Car Insurance Policy. Below are the car insurance add-ons available with reasonable i20 car insurance amount:

Add-ons for Hyundai Elite i20 Car:
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You can consider opting for the below add-ons for comprehensive coverage for your Hyundai Elite i20 car:

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Engine Protection Cover:
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The engine is one of the most important components of your car. The Engine Protection add-on covers damages to your car’s engine caused due to an accident, oil/coolant leakage or natural/man-made disaster. Engine repair works can be expensive, and the Engine Protection Add-on covers such expenses.

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Roadside Assistance Cover:
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Getting stranded on the road due to a vehicle breakdown is one of the biggest worries of a car owner/driver. But by opting for the Roadside Assistance Cover, you will get 24x7 emergency roadside assistance within 100km from your residence, including towing services and on-the-spot vehicle repairing services.

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Consumables Cover:
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The Comprehensive Car Insurance Plan does not cover the cost of consumable items. The Consumables Cover protects you from expenses incurred due to the use of consumables such as engine/gearbox oil, nuts and bolts, etc., during the repair work. Whenever your car is damaged, the service centre will charge you for these consumables. With this add-on, your expenses will be covered by your insurer.

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Outstation Emergency Cover:
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Imagine you are on a long drive, and your car breaks down. It’s the worst possible scenario that can happen during a road trip. But an Outstation Emergency Cover provides coverage against breakdowns/accidents outside a 100 km radius of your residence. With this add-on, you can drive without worrying about vehicle breakdown.

Why choose ACKO Car Insurance Policy for your Hyundai Elite i20 Car?
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Below are the reasons why you should purchase a car insurance policy for your Elite i20 from ACKO:

1. Get your Car Insured Instantly
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Get your car insurance instantly thanks to ACKO’s 100% digital purchase/renewal process. All you need to do is enter the basic details of your car and yourself and choose the insurance plan. That’s it. You will get your car insurance policy instantly sent to your email address.

2. Quick and Hassle-Free Claim Settlement
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ACKO offers an instant claim settlement for minor damages to your Elite i20. If the damages are severe, ACKO will pick up your car within an hour (for select cities) for repair works. The repaired vehicle will be delivered to your doorstep within three days, as per the terms and conditions of the policy.

3. Low-Cost Insurance Plans
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Thanks to the tech-enabled digital process, ACKO saves a lot on operational costs. The savings are passed on to customers in the form of low-cost car insurance plans. You can compare insurance plans and choose the right policy for your car.

Claim Procedure:

Filing a car insurance claim at ACKO is simple, and it takes only a few minutes. Follow the below steps to raise a claim against the ACKO car insurance policy:

Frequently Asked Questions
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Below are answers to some of the most frequently asked questions about Hyundai Elite i20 car insurance

FAQs

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What factors affect the cost of Hyundai Elite i20 car insurance?

Below are the factors that affect the cost of car insurance:

  • Make and model of the car

  • Engine capacity

  • Geographical location

  • Insured Declared Value

  • Type of car insurance plan and add-ons

  • Claim history

  • Deductibles

  • Security or anti-theft devices installed (If any)

Which car insurance plan is good for my Hyundai Elite i20?

You can consider buying the Comprehensive Car Insurance Policy for your Elite i20 car for an extensive coverage. The Comprehensive Policy provides coverage against damage/loss to third-party property/life, damages to your car, and total loss or theft of the insured vehicle. You can also enhance the policy coverage by purchasing add-ons as per your need or as per the vehicle you own.

How can I renew the Hyundai Elite i20 car insurance?

You can renew car insurance online or offline. For offline renewal, you have to visit the insurer’s office and submit the hard copies of the documents and complete the renewal process. Online renewal is very convenient as you can log on to the insurer’s website and complete the renewal princess online without any paperwork.

ACKO customers can visit the ACKO website/app and log in to their account to renew the car insurance policy. Select the car insurance plan and add-ons and pay the premium online. That’s it. Your car insurance policy renewal is complete. There is no paperwork or filling of forms.

Which documents do I need to submit to renew my Elite i20 car insurance?

You need to submit the following documents for car insurance renewal:

  • Vehicle registration certificate

  • Previous car insurance policy certificate

  • Driving Licence

  • Pollution Under Control (PUC) certificate

  • Identity proof

ACKO customers need not submit any documents during car insurance policy renewal. Just log in to your account, choose the insurance plan and make the payment online. There is no paperwork or documentation.

Do I need to purchase a car insurance policy for my second-hand Hyundai Elite i20 car?

Yes. A car insurance plan is a must for a motor vehicle. It doesn’t matter if your car is new or used. Motor insurance is mandatory to comply with The Motor Vehicles Act, 1988. Driving a car without a valid insurance policy is an offence, and you may be penalised for doing so. You need to buy at least a Third-Party Car Insurance Plan for your second-hand car. For better coverage, you can opt for a Comprehensive or Package Insurance Plan.

The engine oil of my Elite i20 is leaking. Can I file a claim against my car insurance plan?

A Comprehensive Car Insurance Plan does not cover damages to the engine of the car. However, if you have opted for the Engine Protection add-on, you can raise a claim against the car insurance policy provided the engine oil leak is caused due to accidental damage. But consider avoiding a claim if the damage is minor. You may lose out on benefits such as No Claim Bonus unless you have opted for an NCB Protection add-on cover.

I sold my old car and bought a new Hyundai Elite i20. Will I continue to get NCB benefits?

Yes. You will continue to get the No Claim Bonus benefit despite selling your old car and buying a new car. NCB is earned by the owner of the vehicle and not the car. So, when you buy a new car insurance policy, you can transfer the NCB benefits of the previous policy. You will get an NCB discount on the premium when buying/renewing the car insurance policy.

How can I reduce the cost of Hyundai Elite i20 car insurance?

You can reduce the car insurance premium by installing an anti-theft or security device on your Hyundai Elite i20. With the reduced risk of theft, the car insurance premium will come down. You can also avoid purchasing unnecessary add-ons when buying a Comprehensive Car Insurance Policy. Opt for add-ons that are suitable for your driving style or the vehicle you own.

How is IDV calculated for Hyundai Elite i20 car insurance?

IDV or Insured Declared Value is nothing but the approximate current market value of your car. IDV also determines the premium of the car insurance policy. IDV is calculated on the ex-showroom price of the vehicle minus the depreciation value, depending on the age of the car. The registration costs and insurance costs are excluded while calculating the IDV. Declaring the correct IDV is important as it is the amount you would receive in case of a total loss or theft of your car.

What happens to my NCB benefit if my car insurance policy expires?

You will continue to get the NCB benefits if you renew the lapsed car insurance plan within 90 days of expiry. If you renew the insurance plan after 90 days, you will lose the No Claim Bonus accumulated over the years. Also, an expired motor insurance plan does not provide coverage to your car. So, it’s better to renew the policy before it expires. You might have to pay additional service charges while renewing an expired car insurance plan.

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