Hyundai Car Insurance

About Hyundai Motor Company

Hyundai Motor Company is a South Korean automobile manufacturer. Founded in 1967, the company has its headquarters in Seoul and has become a multinational automotive manufacturer since. The company runs the largest integrated automobile manufacturing factory in the world. Hyundai Motor India Limited is its subsidiary and was set up when they first came to India in 1996. Hyundai is now the second-largest automobile manufacturer in India and the largest exporter of automobiles in India. Hyundai offers a wide variety of cars in India with something for every price point and requirement.

Hyundai Car Insurance

If you own a Hyundai car or are planning to purchase one, keep in mind that it will require insurance. With car insurance, the owner-driver will have a layer of protection against the uncertainties faced by drivers on the road. The car insurance will compensate for any damages to your Hyundai car in case of a mishap and thereby will also provide the policyholder with financial stability in a moment of crisis.

Purchasing a car is one of the biggest expenses we make. Moreover, they have become a crucial part of our everyday lives. Hence, keeping it in tip-top shape and safe from the uncertainties faced by vehicles is extremely important. With an own-damage insurance cover, you can protect your Hyundai car from road accidents, vandalism, natural and manmade calamities. Moreover, you can enjoy the No Claim Bonus for every claim-free year with this cover.

Additionally, it is obligatory for every car including your Hyundai vehicle to have at least a third party insurance. Without it, you can be punished with a fine of Rs. 2,000 and or be imprisoned for up to 3 months. The third party insurance will provide coverage for third party liabilities including bodily injury, death and property damage in case of a mishap that involves your Hyundai vehicle.

The insurance premium of your Hyundai car is largely dependent on the Insured Declared Value of the car. The IDV is the maximum compensation the insurance provider will give you in case of a claim settlement. It is calculated by deducting the depreciation rate of the car according to its age from its manufacturer’s selling price. You can also further strengthen your Hyundai car insurance by purchasing add-on covers. These are additional features that you can pick and choose to personalise your car insurance to fit your individual needs. Here are some add-on covers that could be an effective addition to your Hyundai Car Insurance:

• Zero Depreciation Cover: This cover negates the depreciation rate of the Hyundai car during claim settlement, making the claim amount significantly higher. The add-on is extremely handy, however, is only available to cars that are less than 5 years old and can be used a limited number of times within a year.
• Passenger Assistance Cover: In case of a mishap every person inside your Hyundai car will be the owner driver’s responsibility. With this add-on cover, you can ensure that their safety is taken care of. The covers offer a bundle of services such as medical expenses, transport and hospital allowance in case of a mishap.
• Key Loss Cover: This cover is extremely useful if you misplace or lose the key to your Hyundai car. The insurance provider will be liable to compensate for the loss of the key with this add-on cover.

Car Insurance Cashless Garage Network for Hyundai Cars

(*Claim Settlement Ratio For FY 2018-2019 As Per IBAI’s General Insurance Claim Insights Handbook For Policyholders - 4th Edition)

Claim Cashless Car Insurance for Hyundai Cars

When it comes to car insurance, it is always convenient to opt for a cashless claim. To initiate the cashless car insurance claim process, you should intimate the insurance company and must take your Hyundai car to the authorised workshop or network garage of your insurer for repair. With this procedure, you can get your Hyundai car repaired after an accident without paying any repair fee and it will be paid by your insurance company on your behalf.

The cashless car insurance facility is quite beneficial for you as it saves you from making a hefty payment for car repair suddenly after a mishap. To get the cashless car insurance claim, you need to submit lesser documents and need to go through fewer formalities too when compared to the reimbursement process. Under the cashless claim process, the insurance company sends the surveyor to the spot or garage to examine the extent of damage based on which insurer settles the claim. Hence, it speeds up the process and keeps it transparent as well. The insurance companies give authorization to only those garages which clear their quality test, hence, getting your Hyundai car repaired from a network garage to get a cashless claim will help your car get the best repair service.

Car Insurance Renewal Process for Hyundai Cars

Hyundai car insurance renewal is a quick, easy & hassle-free process when it is done online. Every car insurance policy is required to be renewed before its expiry date to continue to enjoy its benefits without any break. The Hyundai car owners should get their car insurance plans renewed before its expiry date to keep their cars secured against any damage or loss. Here are the steps following which you can get your car insurance policy for Hyundai car renewed at the InsuranceDekho portal:

Step 1: Visit the website of the InsuranceDekho. Click on the ‘Car’ tab.

Step 2: Fill up your Hyundai car’s Registration Number and click the ‘Proceed’ button. Now, select the fuel type and variant of your Hyundai car to proceed further. In case you do not know your Hyundai car’s Registration Number, then you must click on the ‘Don't know your car number?’ tab and select your car’s brand, model, fuel type, variant, registration year and city, and RTO, to proceed.

Step 3: Fill up the expiry date of your previous car insurance policy and the name of your previous car insurance firm. In addition to this, you can share the status of your claim as if you have made any claim in the last policy year or not and click on ‘Continue’ to move ahead.

Step 4: Fill up your personal details that comprise your name, mobile number and for what duration you wish to get your car insured under a car insurance plan and click on ‘Submit and Get Quotes’ tab.

Step 5: Many car insurance policy premium quotes provided by different insurance firms will be displayed before you on your screen. Compare and select a car insurance plan quote which suits you the best based on your budget and requirements. This step also allows you to choose a few add-on covers which you can include in your policy to enhance its coverage.

Step 6: Click on the ‘Buy Now’ button and check details entered by you before proceeding to make the payment for your Hyundai car insurance plan renewal process. You can pay for the car insurance cover by using your debit as well as a credit card, digital wallets and net banking facilities. After this, the car insurance policy document will be instantly issued and sent to you at your registered Email ID.

Renew Expired Policy for Hyundai Cars

A car insurance plan is designed to compensate car damages and losses to quite an extent. Hence, it should be renewed without any break by every policyholder, as if it gets inactive, then you may have to bear huge financial losses due to damages caused to your car. On this note, it is always suggested to renew your car insurance policy on time before its date of expiry. But, if somehow you miss out on the deadline of your Hyundai car insurance policy renewal, you could still renew your policy within the grace period which is generally of 90 days as it varies from insurer to insurer.

In order to apply for renewal of an expired car insurance policy with any insurance company, you should present a Vehicle Inspection Report (VIR) along with other essential information as well as documents. Moreover, if you wish to be eligible to avail No Claim Bonus, you need to renew your insurance plan on time or maximum within 90 days of the last date of the policy. If your car insurance policy has expired, you must not drive your Hyundai car as in India as driving without an active insurance cover is illegal.