Kia is a South Korean automotive manufacturing company and is the second largest manufacturer in the country. They have their headquarters in Seoul and was founded in 1944 as part of the Kyungsung Precision Industry. Kia entered the Indian market in early 2019. They have factories in Andhra Pradesh and Penukonda. Kia’s affordable but high-quality cars have proved to be a great success in the Indian market and have continued to make steady progress since its launch.
Kia Car Insurance
Like every car, at least third-party car insurance is also mandatory with a Kia car. Insurance offers a layer of protection to the car and the policyholder in the event of a mishap. This is because in the event of a mishap the insurance provider will give the insurance holder compensation for the damages. In times of crisis, this provides the insurance provider with financial stability. Cars have become an essential part of our lives. Moreover, they are also one the most major purchases we make in our lives. Thus having car insurance provides a way of safeguarding it from the uncertainties of the road. More importantly, the insurance provides protection in a wide range of scenarios including cases of road accidents, theft, fires, explosions, natural and manmade calamities if you have a standalone own-damage cover or a comprehensive insurance plan.
Additionally, it is also compulsory for owners of Kia Cars to have at least third party insurance. It is compulsory for all cars to drive on Indian roads according to the Motor Vehicles Act of 1988. People caught without this can be punished with a fine of Rs 2000 and/or be imprisoned for up to 3 months. The third-party insurance cover will take care of third party liabilities in the event of a mishap. This includes the cost of bodily injuries, death and property damage. The maximum compensation offered to insurance providers for property damage under this cover is Rs 7.5 Lakh.
The insurance premium of your car is determined according to the Insured Declared Value of the car. This is determined by deducting the depreciation rate of the car from its invoice price. The IDV is also the maximum compensation the insurance provider will provide in the event of a mishap.
The insurance coverage of the car can be further enhanced by purchasing add-on covers. These optional covers allow you to pick and choose the ones you require and mould your insurance policy to fit your individual needs. Here are some add-on covers that can make a significant difference to your insurance cover:
- Zero Depreciation Cover: This type of cover mitigates the depreciation rate of the car at the time of claim settlement. However, this cover is only available for cars that are less than five years old and can be used a limited number of times within a year.
- Roadside Assistance Cover: This type of insurance will provide on-site technicians, towing services, fuel delivery and a one-stop cab ride for the owner-driver of a Kia car in the event of a mishap.
- Passenger Assistance Cover: In the event of a mishap every person inside the car at the time is the responsibility of the owner-driver. With a passenger cover, the insurance holder will have some compensation for any medical emergency or other needs of the passengers.
Car Insurance Renewal for Kia Cars
Renewing the insurance for your Kia car can now be done in a quick and easy manner online. Make sure to renew the insurance policy for your Kia car without a break to avail the benefits it offers. To maintain your insurance policy it is crucial to remember the expiry date of the policy and renew it well before this date arrives. Below-mentioned is the steps you need to take to renew your Kia car insurance online:
Step 1: Visit our website InsuranceDekho and select the ‘Car Insurance’ option, it is the second tab from the top left corner of the home page.
Step 2: Provide the registration number of your Kia car. In case you do not have this information with you, there is an option to provide alternate details such as the make, model and year of registration of your car. Next, enter the car’s variant and fuel type.
Step 3: In the given section enter the previous car insurance policy’s expiry date as well as the name of the insurance provider. Also provide the details of your claims in the past year, if any.
Step 4: Next provide your personal details including your name and mobile number. Also, select the duration for which you would like to renew the insurance policy. Once you have entered all the required information select the ‘Submit and Get Quotes’ button.
Step 5: All the quotes for car insurance policies for your Kia car will be visible on the screen. You can compare the different quotes based on your requirements and select the one that suits you best. If you want to purchase add-on covers you can select them at this stage.
Step 6: Lastly, make the payment for your selected Kia car insurance policy and the policy document will be sent to your registered email ID. There are several options for making payments offered when purchasing insurance online including net banking, debit cards, credit cards and online wallets.
Claim Cashless Car Insurance for Kia Car
In the event of a mishap where the Kia car needs to be repaired, you can take the car to a network garage of the insurance provider. Here you can avail of the cashless claim process. To be able to use this service make sure to inform the insurance provider about the mishap as soon as possible so they can initiate the claim process. At the network garage, you can get your car repaired after the claim has been approved. After the repairs are done the insurance provider will take care of the costs directly with the garage making it hassle-free for the policyholder. Moreover, there is lower out-of-pocket when you get your car repaired in this manner.
The benefit of availing of the cashless claim process is that you no longer need to make any sudden payments in the event of a mishap. Moreover, since the repairs are done at a network garage there are also fewer documents required for the process. It is also a quicker way to get your car repaired after the mishap as the insurance provider can directly take care of several formalities with the network garages. Lastly, with these network garages, you can rest assured that the insurance provider will only allow top-quality spare parts and mechanics to be used.
Renew Expired Policy for Kia Cars
In the event, the car insurance policy expires due to non-renewal the policyholder will lose several benefits offered by the insurance provider including No Claim Bonus and insurance coverage. Moreover, if the third party insurance expires it is also against the law and the insurance holder can face punishment for it. Having an expired policy is the same as having no policy at all. Hence, if there is a mishap where the car has been damaged the insurance company will be under no obligation to provide compensation for the damages if the policy has expired.
To avoid such losses insurance providers offer their customers a grace period of 90 days. If the insurance holder manages to renew the policy before this time limit the policy does not lapse. However, any delays after this period are not considered. In such cases, the insurance expires/lapses and the insurance holder must purchase a fresh insurance policy and go through inspection formalities once again.
Calculate Kia Car Insurance
Kia Car Insurance FAQs
How long does it take to renew a Kia car insurance?
You can get your Kia car insurance renewed in just 5 minutes with InsuranceDekho.
Which all insurance add-ons should be bought with Kia cars
For Kia Insurance, The popular car insurance add-ons opted with Kia cars include zero depreciation add-on, engine cover, NCB (No Claim Bonus) cover and RSA (Road Side Assistance) cover among others.
From where can I purchase insurance for my Kia car
You can visit our website insurancedekho.com, compare all available premium quotes for Kia cars and select the one which best suits your requirements. With InsuranceDekho, get policy issued instantly.
Which insurer has the best claim settlement ratio for Kia cars?
Acko General Insurance, Bharti AXA General Insurance and ICICI Lombard General Insurance are among the car insurers who have registered impressive claim settlement ratio for Kia cars.
When should I make the claim request for my Kia car?You must try to make the claim request for damages or losses incurred by your Kia car in an accident or a mishap within 7 days of the incident. However, this tenure may vary from insurer to insurer, hence, you should make the claim in accordance with your policy document wording.
Can I purchase a third-party policy and an own-damage plan from different insurance companies?Yes, you can buy a third-party car insurance policy and an own-damage car insurance plan from different insurance companies to insure your Kia car.
Can I renew my Kia car insurance plan after the policy gets expired?Yes, you can get your Kia car insurance renewed even after its expiry date in the grace period of 30 days to 90 days from the date of expiry. However, the grace period may vary from insurance company to insurance company.
What details should I enter on the premium calculator to compute the car insurance premium?To calculate the IDV and premium amount for your Kia car insurance plan, you need to enter details on the premium calculator that can comprise car brand, variant, purchase year, registration city, and so on.
Where can I find car insurance-related assistance for my Kia car?You can connect with the InsuranceDekho customer care team for assistance related to car insurance for your Kia car by calling them at 755-1196-989 or sending them an email at email@example.com.
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