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Hyundai Elite i20 Car Insurance

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Hyundai Elite i20 Car Insurance

Car Insurance for Elite i20

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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:

Below are the benefits of purchasing car insurance online for your Hyundai Elite i20 car:

1. No Paperwork

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

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

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:

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:

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:

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:

  • Accidental damages to the car..

  • Loss or damages to third-party property or life.

  • Damages to the car caused due to natural disasters such as floods, earthquakes, cyclones, etc.

  • Damages to the car caused due to an explosion or fire outbreak.

  • Loss or damages to the car caused due to man-made calamities such as riots, vandalism, etc.

  • Total loss or theft of the insured car.

Exclusions of Elite i20 Insurance:

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

  • Loss or damage to the car due to wear and tear.

  • Loss or damage to the car while driving without a valid driving licence.

  • Loss or damage to the car due to rash driving/improper handling.

  • Loss or damage to the car when driving under the influence of alcohol/intoxicating substances.

  • Loss or damage to the car when driving outside the geographical limits of the policy.

  • Any add-on cover which is not purchased.

  • Personal Accident cover.

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 add-ons available with reasonable i20 car insurance amount:

Add-ons for Hyundai Elite i20 Car:

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:

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:

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:

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:

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?

Below are the reasons why you should purchase a car insurance policy for your Elite i20 from ACKO:

1. Get your Car Insured Instantly

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

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

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:

  • Step 1 - Visit the website ACKO.com or download the ACKO smartphone app.

  • Step 2 - Login to your account with your registered mobile number.

  • Step 3 - Click on the Claim option on your policy card.

  • Step 4 - Enter details about the nature of the damage.

  • Step 5 - Upload pictures of your damaged car.

  • Step 6 - You will receive an instant claim settlement for minor damages.

  • Step 7 - If the damages are severe, ACKO’s car insurance expert will contact you to process the claim settlement.

Frequently Asked Questions

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

FAQs

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.

About Car Insurance for Elite i20:

Car insurance is as crucial as filling up fuel in your car. Yes, because motor insurance is mandatory in India, driving your Hyundai Elite i20 without valid insurance is an offence. You have to buy at least Third-Party Car Insurance to comply with the rules and regulations. Moreover, a car insurance plan protects you against financial losses incurred due to damage to your vehicle.

A Third-Party Car Insurance Policy provides coverage against third-party damages. That means the insurance plan provides coverage if your car damages a third-party vehicle or property or injures a third-party. Third-Party Liability (TPL) cover is mandatory to comply with The Motor Vehicles Act, 1988. A Third-Party Policy is a basic insurance plan for your car as it does not provide Own Damage cover.

On the other hand, a Comprehensive Car Insurance Policy comes bundled with Third-Party and Own Damage cover. In addition to third-party damage cover, the insurance plan also covers damages to your car. Damages caused due to fire, accident or man-made/natural disasters are covered by the insurance policy. Comprehensive Policy also covers losses such as theft or total loss of the insured vehicle. The coverage benefits of the plan can be enhanced via car insurance add-ons if you buy a Comprehensive Car Insurance Policy.

Apart from Third-Party Cover, a Personal Accident (PA) cover is also mandatory as per law. You can purchase the PA cover separately while buying/renewing the car insurance plan. Personal Accident cover provides coverage against disability/accidental death of the owner/driver.

Why should you buy Hyundai Elite i20 Cars?

Elite i20 is a premium offering from Hyundai, and it is one of the best-selling cars in the country. The Elite i20 cars feature premium design and come loaded with a host of creature comfort features. The hatchback is available with both petrol and diesel engine options with a manual/automatic gearbox.

On the design front, the Elite i20 features Hyundai's signature design elements such as the cascading grille, split tail lights, LED DRLs and stylish alloy wheels. The interior of the hatchback sports premium materials. The car is loaded with features such as a touchscreen infotainment system, steering-mounted controls, cupholders, wireless chargers, rear AC vents and much more.

The Elite i20 is offered with diesel and petrol engine options. The engines deliver a peppy performance, which is suitable for daily drives and also long drives. On the safety front, the hatchback is equipped with six airbags and child seat mounts. Overall, the Hyundai Elite i20 is the perfect package if you are looking for a feature-rich hatchback with a reliable engine.

 Highlights of Hyundai Elite i20:

  • Premium exterior design with signature cascading front grille.

  • LED daytime running lights and fog lamps.

  • Blacked-out C-pillar and sporty alloy wheels.

  • Split LED taillights and HMSL. (High Mount Stop Lamp)

  • The leather-wrapped steering wheel and gear knob.

  • Automatic AC control with rear passenger AC vents.

  • Touchscreen display for the infotainment system.

  • 8-way manually adjustable driver and front passenger seat.

  • Engine start/stop button.

  • Adjustable steering (Tilt and Telescopic).

  • Electrically foldable and adjustable outside rearview mirrors.

  • Six airbags, ABS (Anti-Lock Braking System) and EBD (Electronic Brake-force distribution).

  • Rear parking sensors with camera.

Hyundai Elite i20 Specifications, Variants and Ex-Showroom Price:

Refer to the following tables for Hyundai Elite i20 price, variants and specifications:

Hyundai Elite i20 Specifications

Engine 1.2-litre  1.4-litre Turbocharged
Fuel Type Petrol Diesel
Power 82 Bhp 89 Bhp
Torque 115 Nm 220 Nm
Transmission 5-Speed ManualAutomatic Gearbox 6-Speed Manual Gearbox
Drivetrain Front-wheel-drive Front-wheel-drive
Seating Capacity 5-Seater 5-Seater
Boot Space 285 Litre 285 Litre
Fuel Tank 40 Litre 40 Litre
Fuel Efficiency (ARAI) 19.8kmpl 22.5kmpl

Hyundai Elite i20 Variants and Ex-Showroom Price

Model Variant Fuel Type Price
Elite i20 Era Petrol Rs. 5.32 Lakh
Elite i20 Magna Executive Petrol Rs. 5.95 Lakh
Elite i20 Sportz Petrol Rs. 6.41 Lakh
Elite i20 Era Diesel Rs. 6.61 Lakh
Elite i20 Asta Petrol Rs. 6.93 Lakh
Elite i20 Magna Executive Diesel Rs. 7.15 Lakh
Elite i20 Asta Dual-Tone Petrol Rs. 7.17 Lakh
Elite i20 Sportz Diesel Rs. 7.61 Lakh
Elite i20 Asta (O) Petrol Rs. 7.74 Lakh
Elite i20 Asta Diesel Rs. 8.18 Lakh
Elite i20 Asta Dual-Tone Diesel Rs. 8.43 Lakh
Elite i20 Magna AT Petrol Rs. 8.97 Lakh
Elite i20 Asta (O) Diesel Rs. 8.97 Lakh

Note: All prices are ex-showroom (Delhi)

Hyundai i20 Active Vs i20 Elite:

The Hyundai i20 Active is the crossover variant of the Elite i20 hatchback. The i20 Active features cosmetic updates such as roof rails, body cladding and skid plates. The overall design of the i20 Active and Elite i20 remain the same. Even the interior and features are identical on both models. The i20 Active is a rugged-looking vehicle, whereas the Elite i20 is a premium hatchback. Both models share the same set of engine and gearbox options. Refer to the table below for a detailed comparison between i20 Active and Elite i20:

Details Hyundai i20 Active Hyundai Elite i20
Engine 1.2-litre Petrol/1.4-litre Diesel 1.2-litre Petrol/1.4-litre Diesel
Gearbox Manual Manual/Automatic
Seating Capacity 5-seater 5-seater
Total Variants 4 13
Price Rs. 7.74 lakh - Rs. 9.93 lakh Rs. 5.32 lakh - Rs. 8.97 lakh

Hyundai Elite i20 Vs Maruti Baleno:

The Hyundai Elite i20 and Maruti Baleno belong to the premium hatchback segment. The Baleno features a modern design with a commendable road presence. On the other hand, the Elite i20 sports an elegant design with unmistakable Hyundai essence. The Baleno is better equipped in terms of technology as it gets Smart Hybrid System, but it misses out on diesel engine option. The Elite i20 gets petrol and diesel engines with an automatic and manual gearbox. Below is the detailed comparison between the Hyundai Elite i20 and Maruti Baleno:

Details Hyundai Elite i20 Maruti Baleno
Engine 1.2-litre Petrol/1.4-litre Diesel 1.2-litre Petrol
Gearbox Manual/Automatic Manual/Automatic
Seating Capacity 5-seater 5-seater
Total Variants 13 9
Price Rs. 5.32 lakh - Rs. 8.97 lakh Rs. 5.90 lakh - Rs. 9.10 lakh

Hyundai Elite i20 Vs Maruti Swift:

The Hyundai Elite i20 belongs to the premium hatchback segment, while the Maruti Swift is a compact hatchback. Even though both the models belong to different segments, they are similarly priced. Swift is a popular car in India with a sporty design and comes with a ton of features. Elite i20, on the other hand, excels in the build quality department. The Swift also misses out on a diesel engine, while the i20 gets both petrol and diesel engines. Below is the head-to-head comparison between the Elite 120 and Maruti Swift:

Details Hyundai Elite i20 Maruti Swift
Engine 1.2-litre Petrol/1.4-litre Diesel 1.2-litre Petrol
Gearbox Manual/Automatic Manual/Automatic
Seating Capacity 5-seater 5-seater
Total Variants 13 9
Price Rs. 5.32 lakh - Rs. 8.97 lakh Rs. 5.73 lakh - Rs. 8.41 lakh

Hyundai i20 Vs Hyundai Elite i20:

The i20 and the Elite i20 are premium hatchbacks, and they are the same models. But the Elite i20 is the second generation of the hatchback, and the i20 is the new third-gen model. The new i20 features a radical change to the design with aggressive looks. On the other hand, the Elite i20 is an elegant hatchback. The new i20 also excels in the features department as it comes with advanced connected car technology. The new i20 also gets three engine options as opposed to the two engines of Elite i20. Refer to the table below to see how the new i20 fares against the Elite i20:

Details Hyundai i20 Hyundai Elite i20
Engine 1-litre Petrol/1.2-litre Petrol/1.5-litre Diesel 1.2-litre Petrol/1.4-litre Diesel
Gearbox Manual/Automatic Manual/Automatic
Seating Capacity 5-seater 5-seater
Total Variants 13 13
Price Rs. 6.8 lakh - Rs. 11.18 lakh Rs. 5.32 lakh - Rs. 8.97 lakh

Ford EcoSport Vs Hyundai Elite i20:

Ford EcoSport is a compact SUV, and the Elite i20 belongs to the hatchback segment. So, technically we cannot compare both the vehicles. EcoSport offers more space when compared to Elite i20. Both models are neck and neck when it comes to creature comfort and safety features. Both the cars also feature a good build quality. The compact SUV and the hatchback gets petrol and diesel engine options. Below is the comparison between the EcoSport and Elite i20:

Details Ford EcoSport Hyundai Elite i20
Engine 1.5-litre Petrol/1.5-litre Diesel 1.2-litre Petrol/1.4-litre Diesel
Gearbox Manual/Automatic Manual/Automatic
Seating Capacity 5-seater 5-seater
Total Variants 11 13
Price Rs. 7.99 lakh - Rs. 11.49 lakh Rs. 5.32 lakh - Rs. 8.97 lakh

CIN: U66000KA2016PLC138288

IRDAI Registration No: 157

Category: Non-Life Insurance

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