Hyundai Venue Car Insurance

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Car Insurance for Hyundai Venue

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The 2020 Hyundai Venue was launched by the Korean car manufacturer in the popular sub-compact Sports Utility Vehicle (SUV) segment in India back in May 2019. The Hyundai Venue is available in both petrol and diesel models with best in class features along with ‘Connected Car’ technology. Read on to learn about the features of the Hyundai Venue car insurance.

Importance of Buying Online Car Insurance for Hyundai Venue Model

All motor vehicles in India should be insured at least with third-party insurance as this is mandated by the Motor Vehicles Act. Failure to insure the vehicle will lead to penalties. Apart from being a mandatory document of the vehicle, third-party car insurance covers third-party liabilities, which includes third-party life and property. However, it does not cover damages to the insured vehicle. 

For this, you need to buy the comprehensive car insurance to cover damages to the insured car. Insurance for your Hyundai Venue will certainly offer protection in case of an unforeseen accident that leads to losses or damages to your vehicle as well as those of the third-party. Hence, car insurance for your Hyundai Venue offers peace of mind since it protects you financially in case of any unfortunate accident.

Car Insurance Plans for Hyundai Venue Car:

Motor insurance policies are mainly of two types: Third-party and Comprehensive. Each insurance plan offers different benefits and features.

Third-Party Car Insurance

The third-party car insurance plan is mandatory insurance and is the most common plan available in the market. Under this plan, losses or damages caused to third-party life or property are covered. Read: First Party Vs Third Party Car Insurance

Comprehensive Car Insurance

Under the comprehensive plan, the insurance company will cover losses or damages to third-party life/property as well as damages to your car. While this may not be mandatory, it is an extensive coverage compared to the Third-Party plan.

Types of Loss/Damage Comprehensive Plan Third-Party Plan
Loss or damage to Third-party life or property
Loss or damage to the insured car
Loss or damage due to man-made or natural calamities
Personal accident cover
Loss due to theft of the insured car
Inclusion of Add-on covers
Customization of the sum insured

What’s Covered in Hyundai Venue Insurance (Inclusions):

Through the car insurance for your Hyundai Venue, the Comprehensive insurance covers several losses and damages to your vehicle. Below is what’s covered in the Hyundai Venue Insurance:

  • Loss or Damage Due to an Accident

  • Loss or Damage Caused to Third-Party Life or Property

  • Theft of the Insured Vehicle

  • Loss or Damage Due to Natural Disasters

  • Loss or Damage Due to Man-Made Calamities

  • Loss or Damage Due to Fire

  • Loss or Damage Due to Personal Accident

Exclusions in Hyundai Venue Car Insurance:

Like all insurance policies, car insurance also comes with exclusions. Read on to find out what is not covered under the Hyundai Venue car insurance:

  • Regular Wear and Tear

  • Depreciation Value

  • Mechanical and Electrical Breakdown

  • Driving with Invalid Driving Licence

  • Driving Under the Influence of Alcohol

Add-ons For Hyundai Venue Car Insurance:

A standard or basic comprehensive Hyundai Venue car insurance does not offer exclusive benefits. This can be had with Add-on covers. Below is the list of Add-ons for Hyundai Venue car insurance:

  • Zero Depreciation

  • No Claim Bonus (NCB) Cover

  • Engine Protection Cover

  • Return to Invoice Cover

Benefits of Buying Acko Car Insurance for Your Hyundai Venue Car:

With the advent of digital transactions, the experience of buying/renewing vehicle insurance has become faster and easier. Some of the main benefits of buying Acko car insurance for Hyundai Venue are.

Online Insurance Process

You can purchase or renew car insurance online anytime, anywhere and directly from Acko’s website or mobile application.

Faster Claim Settlement

With most of the transactions being through the digital mode, the claim settlement process is efficient and quicker than the traditional insurance process.

Help From Trained Professionals

Acko provides unbiased advice to customers related to any queries regarding insurance for your vehicle.

Claim Procedure:

The procedure to raise a claim for your Hyundai Venue is simple and hassle-free if you have purchased it from an online insurance company such as Acko. The process is easy to follow and there is no paperwork. Below is the claim process for your Hyundai Venue:

  • Visit the insurance company’s website such as www.acko.com

  • Sign-in with your login and password.

  • Under your Hyundai Venue car insurance policy, click to raise a claim.

  • Upload the images of the damaged vehicle.

  • The insurance company will pick up your vehicle to get it repaired at one of the network garages.

  • The insurer will deliver the car once the vehicle is repaired.

  • You can also choose the reimbursement method, but you need to inform the insurance company immediately about the same.

Frequently Asked Questions

Below are some of the frequently asked questions about Hyundai Venue car insurance.

FAQs

What is the cost of the Hyundai Venue car insurance?

The insurance cost for a Hyundai Venue depends upon the year of manufacture, the variant and the location where the vehicle was registered. Based on the age and the type of variant and the location, the insurance price for the Venue will differ. You can visit Acko’s website to get the Hyundai Venue insurance price.

What documents do I need to get my Hyundai Venue car insurance renewed?

While the traditional method requires a physical copy of documents such as previous policy documents, identity proof, address proof and photographs of the owner-driver of the vehicle, the new-age process through online is a lot easier and does not require physical copies. Through the online process, you need to enter details such as your full name, address, car model details, registration number of the car, previous policy number, details of the previous policy details such as No Claim Bonus (NCB) percentage and confirm if the previous policy has expired or not.

Where can I buy Hyundai Venue car insurance?

Buying car insurance has become a lot faster and more efficient with the advent of digital insurance companies who offer online modes of buying the insurance. You can visit the insurance company’s website or their mobile app to buy car insurance for your Hyundai Venue.

What is the yearly insurance cost of Hyundai Venue?

The yearly insurance cost for your Hyundai Venue depends on the manufacturing year of the model, the type of variant and the location of the vehicle. Also, it can differ between insurance companies. You need to research more about the insurance price offered by various insurers before you can select the right car insurance for your vehicle.

Can I renew my Hyundai Venue car insurance with a new insurance company?

Yes, you can switch to a new insurance company when your current insurance policy is due for renewal. All you need is the existing policy number, the registration number of your car, the percentage of NCB, your name and address to renew Hyundai Venue car insurance.

About Car Insurance for Hyundai Venue:

To position a vehicle in the sub-four-metre segment of the Indian automotive market, the Korean car manufacturer has launched the Hyundai Venue. A car insurance for your Hyundai Venue should provide excellent coverage at a lower premium all the while not compromising on the services provided by the insurer. Your vehicle should be insured with the Third-party policy; however, a Comprehensive policy will give you the added advantage of coverage for “Own Damage”.

Why Should You Buy Hyundai Venue?

While there are several competitions, Hyundai has proved itself with sales of different models it is selling in India. The company is also the second-largest car manufacturer in India. The Hyundai Venue is one such vehicle with a complete package. 

The compact SUV comes with an array of easy-to-use features, safety equipment, a touchscreen infotainment system and a solid sales and service network across the country. The Venue is a small yet feature-rich sub-compact SUV from the makers of the Hyundai Creta and other popular models.

Variants of Hyundai Venue and Ex-Showroom Price:

The Hyundai Venue is available in five variants namely: E, S, S+, SX# and SX(O). Below are the details of the variants of the Hyundai Venue available in the Indian market:

Details E S S+ SX# SX(O)
Engine Kappa 1.2-litre Petrol 1.2-litre Petrol/ 1.0-litre Turbo Petrol/1.5-litre Diesel Kappa 1.2-litre Petrol 1.0-litre Turbo Petrol/1.5-litre Diesel1.0-litre Turbo Petrol/1.5-litre Diesel
Displacement 1197cc 1197cc/998cc/1493cc 1197cc 998cc/1493cc 998cc/1493cc
Fuel Type Petrol Petrol/Diesel Petrol Petrol/Diesel Petrol/Diesel
Gearbox Manual Manual and Automatic only for 1.0-litre Turbo Petrol Engine Manual Manual/Automatic/iMT for Turbo Petrol Engine and Manual for Diesel Manual and iMT only for Turbo Petrol Engine and Manual for Diesel
Power (PS) 83 83/120/100 83 120/100 120/100
Torque (Nm) 114 114/172/240 114 172/240 172/240
Airbags Driver and Passenger Driver and Passenger Driver and Passenger Driver and Passenger Driver, Passenger, Side and Curtain
Fuel Tank Capacity 45-litresFuel Tank Capacity 45-litres45-litres 45-litres 45-litres 45-litres

Ex-Showroom Price of Hyundai Venue

Variant Prices (Rs.)*
1.2-litre Petrol MT (E) 6.75 lakh
1.2-litre Petrol MT (S) 7.45 lakh
1.2-litre Petrol MT (S+) 8.37 lakh
1.0-litre Turbo Petrol MT (S) 8.51 lakh
1.0-litre Turbo Petrol Automatic (S) 9.65 lakh
1.0-litre Turbo Petrol MT (SX) 9.84 lakh
1.0-litre Turbo Petrol iMT (SX) 9.99 lakh
1.0-litre Turbo Petrol iMT (SX) Dual Tone 10.25 lakh
1.0-litre Turbo Petrol MT SX (O) 10.90 lakh
1.0-litre Turbo Petrol iMT SX (O) 11.14 lakh
1.0-litre Turbo Petrol iMT SX (O) Dual Tone 11.26 lakh
1.0-litre Turbo Petrol Automatic SX+ 11.46 lakh
1.0-litre Turbo Petrol Automatic SX+ Dual Tone 11.64 lakh
1.5-litre Diesel MT (E) 8.15 lakh
1.5-litre Diesel MT (S) 9.06 lakh
1.5-litre Diesel (SX) 9.99 lakh
1.5-litre Diesel (SX) Dual Tone 10.36 lakh
1.5-litre Diesel SX (O) 11.46 lakh
1.5-litre Diesel SX (O) Dual Tone 11.58 lakh

Hyundai Venue Vs Kia Seltos

Hyundai Venue caters to the sub-compact SUV segment, while the Kia Seltos caters to the mid-size SUV segment. Both differ in size, space and in features. Below is a comparison table to understand how the Hyundai Venue differs from the Kia Seltos.

Key Highlights Hyundai Venue Kia Seltos
Ex-Showroom Price Rs. 6.75 lakh to Rs. 11.65 lakh Rs. 9.89 lakh to Rs. Rs. 16.39 lakh
Fuel Type Petrol/Diesel Petrol/Diesel
Engine Displacement 1.2-litre Petrol/ 1.0-litre Turbo Petrol/1.5-litre Diesel 1.4-litre Petrol/1.5-litre Petrol/1.5-litre Diesel
Body Type SUV SUV
Gearbox Options Automatic/Manual Automatic/Manual

CIN: U66000KA2016PLC138288

IRDAI Registration No: 157

Category: Non-Life Insurance

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