Hyundai Creta Car Insurance

Hyundai Creta is one of the renowned SUV from the manufacturers of Hyundai Motor India Limited (HMIL), who is leading at the second rank among the car manufacturers of India. HMIL has the largest manufacturing plant near Chennai that comprised the production, testing, and the quality management activities of Hyundai Motors.

Highlights of The Hyundai Creta

Its outer structure is well-built and made of Advanced High Strength Steel (AHSS) as well as Ultra High Strength Steel (UHSS). The refined fluidic model and modern design add charm to the vehicle. The interiors are designed with lucrative visual and audio features. The car also has a vigorous engine that elevates the comfort of the ride to a different level altogether.

Some of the exclusive features of the Hyundai Creta are -

• Rear defogger and wiper: It keeps the rear glass mist-free and ensures enhanced visibility.
• Door scuff plates: It protects the sill area when passengers enter and exit the vehicle.
• Piano black roof and a sporty spoiler: It adds elegance in the interiors of the car.
• Black shark fin antenna: It compliments the car style.

 

Specifications of the car engine
 

The Hyundai Creta vehicle is available in the petrol and diesel variants with the following specifications:

• 1.6L CRDi VGT diesel engine - It delivers 128 hp at 4,000 revolutions per minute. The maximum torque produced by the engine is 26.5 kg.m at 1,900 - 2,750 rpm.
• 1.6L dual VTVT petrol engine - It is an extremely robust engine which produces 123hp of maximum power at 6,400 rpm. The power engine also produces a peak torque of 15.4 kg-m at 4,850 revolutions per minute.
• 1.4L CRDi diesel engine - This engine is built to increase the mileage of the vehicle, and it gives rise to a peak power of 90kW at 4,000 rpm. The maximum torque produced is 22.4 kg.m at 1,500 - 2,750 revolutions/min.

The vehicle also contains a six-speed automatic transmission and a six-speed manual transmission.
The Hyundai Creta is characterized by some other features as well. These are -

• Hill-start assists control (HAC) - It enables you to drive safely on an incline without moving backward.
• Electronic stability control (ESC) - It prevents the vehicle from skidding while turning or sudden braking the car.
• Static bending lights (SBL) - It offers greater visibility while turning and illuminates the blind spots.

 

Hyundai Car Insurance for Creta

 

While purchasing a Hyundai Creta, one can buy a policy recommended by the dealers through the Hyundai car insurance programme. This facility enables the customers to compare between the ten insurance providers and purchase the preferred policy online. There are no charges levied on the policy comparison.
Here is the step by step method to buy the policy online -

• Visit the Hyundai car insurance website.
• Select the type of insurance required, such as the third-party or comprehensive.
• The customer will have to enter the registration number of the car and the year in which registration has been done.
• The online form also verifies whether the registration certificate and the expiring policy are both in the name of the customer. Though, this option is only relevant in the case of car insurance renewals.
• Click on ‘’Get Quotes” to receive the premium quotes from different car insurance companies.

Alternatively, you can buy car insurance through the official websites of insurance companies or neutral insurance broking websites.
Discounts Offered in Hyundai Car Insurance:

• Hyundai car insurance provides the discount on the car owner membership in the Automobile Association in the region. The amount of deduction offered to private cars is Rs.200.
• Car owners get the discount of Rs.500 if the vehicles are installed with anti-theft devices.
• The car insurance policy purchased from the Hyundai car insurance also rewards the car owner with a 'No Claim Bonus' for observing claim-free years. The benefit of car insurance can also be transferred to another vehicle owned by the same person.

 

Why is Car Insurance Mandatory?
 

The Indian law mandates that all the vehicles in India should be protected with minimum insurance coverage, which is third-party liability insurance. However, it is advisable by the mymoneykarma experts to buy a comprehensive car insurance plan for the Hyundai Creta, as it provides some additional benefits:

• Compensation for the losses to the vehicle from the accidents or thefts.
• Damages to the car from natural calamities, such as fire, lightning, floods, earthquakes, explosion, hurricanes, typhoons, storms, cyclones, hailstorms, landslides, and rockslides.
• Losses to the vehicle from the human-made disasters, such as riots, vandalism, malicious acts, strikes, and the terrorist acts.
• Damages to the car during transit through rail, road, lift inland waterway, air, and the elevator.

The Hyundai car insurance coverage usually comprises personal accident cover for the owner-driver, but not for the other passengers in the car. However, the coverage can be enhanced by adjoining the add-ons to the underlying policy.
Insurance Partners of Hyundai Car Insurance:

Following are some of the car insurance partners -

• Bharti AXA General Insurance
• IndiaFirst Life Insurance
• Future Generali
• IFFCO-TOKIO General Insurance
• HDFC ERGO General Insurance
• ICICI Lombard General Insurance
• L&T General Insurance
• National Insurance Company Ltd.
• PNB Metlife
• Cholamandalam MS General Insurance

Types of Insurance Covers for Hyundai Creta

 

Before proceeding with the purchase of a car insurance policy for the new Hyundai car, one should be aware of the basics of car insurance policy. Generally, there are two types of car insurance covers which can be purchased:

• Liability-only policy - It offers the protection from liability towards a third party in an accident. The coverage includes the shield to the third-party's property and life. It does not protect the vehicle for which the car insurance coverage was taken. However, some car insurance companies include personal accident cover for the owner-driver as well in third-party liability coverage. This policy is the cheapest form of car insurance available in the market. It is the minimum insurance coverage that every vehicle needs to have.
• Comprehensive car insurance policy - It is also referred to as the package policy and provides extensive coverage to the car owner and the insured vehicle.
  Along with the third-party liability coverage, it also protects the insured car. This insurance protects the vehicle from all sorts of damages such as accidents, theft, natural calamities, and human-made disasters.
  The comprehensive insurance policy also provides the accident cover for the other passengers in the vehicle.
  Exclusions of Comprehensive Car Insurance:
  • Wear and tear of the car as it gets older.
  • Driving after consumption of alcohol/drugs.
  • Operating without the valid license.
  • Using the car for racing and speed testing.
  • Using the vehicle outside the geographical boundaries mentioned in the policy.
  • Mechanical/electrical breakdown of the vehicle
  • Damages through the nuclear wars.

 

Zero Depreciation Car Insurance

While settling the car insurance claim, the car insurance company uses a complex formula to determine the amount payable. This formula considers the depreciation percent of the car while calculating the amount owed to the policyholder. It implies that the depreciation cost of the vehicle will be deducted from the payable amount as the policyholder will bear it. So, if you buy a zero depreciation cover, then you will be able to get the 100% claim after satisfying the eligibility criteria to buy it.
Zero depreciation cover, when added to the comprehensive car insurance plan, can get you an exhaustive coverage. In this case, the only amount you will be required to pay towards the claim is the amount corresponding to deductibles.
Comprehensive Car Insurance Plan and Zero-Depreciation Cover:
The main difference between the two insurance covers is the coverage offered towards the full-settlement. The depreciation of the car will not affect the coverage if the basic car insurance policy is enhanced with the zero-depreciation rider.
If the car is insured only with a standard comprehensive policy, then the Insured Declared Value (IDV) of the vehicle is considered during the time of the claim. The IDV is the listed selling price of the car (as per the manufacturer) minus depreciation.
IDV= S.P-Depreciating amount
It implies that in the comprehensive car insurance, the car owner will be required to pay the amount corresponding to the depreciation of the vehicle or its parts, along with the deductibles.

Insurance Cost for Hyundai Creta Car

It is based on various factors -

• The policy cover and the voluntary deductibles - The amount of coverage that you have opted and the deductibles have a significant effect on the car insurance premium. Opting for the higher deductibles implies that you will be bearing a lower premium on the car insurance, and vice versa.
• The manufacturing and model of the car - The premium for the third-party liability insurance is based on the capacity of the engine. It is a fixed value which is decided by the IRDA on a yearly basis. Also, the insurance premium will be higher for a luxurious car than a compact vehicle.
• Safety equipment - If the Hyundai Creta is equipped with the safety devices which are ARAI-approved, then you will pay a lower premium on the car insurance.
• Customer loyalty - Some insurers provide premium discounts to customers who take multiple insurance policies from them.
• The driving pattern and the history of the insured car owner - The car owners who use their vehicles for long-distance traveling on a frequent basis are required to pay more on insurance premium.
• No Claim Bonus - The insurance company checks the driving history of the car owner. In case, the person has been a diligent driver and refrained from raising minor claims, he/she would have accrued a considerable amount of No Claim Bonus (NCB) which can be transferred into a fantastic discount on the renewal premium.
• The locality in which the insured car owner resides - If the car is usually parked in an area which is prone to thefts and violence, then it will cost more to the policyholder. The rate of accidents and thefts is lower in rural areas, so the car owner from there will pay a lesser premium.

Along with these, the insurers also consider several other factors such as age and the marital status of the policy applicant before providing the car insurance premium quote.

Car Insurance Premium Calculator

• It is a dynamic tool available online on the Hyundai Car website and the renowned car insurance companies.
• Through the car insurance calculator, the customers can calculate the premium amount that they are required to pay.
• Click on the ‘car insurance calculator’ tab and enter the necessary details such as name, contact details, and the address of the policyholder, along with the official information about the policy aspirant or to be insured car.
• The information such as – name of the manufacturer, the model number of a car, year of manufacturing, sub-type, fuel type and the date of registration, will be taken into consideration while calculating the premium.

Hyundai Creta Car Online Insurance Renewal

One can renew the Hyundai Creta car insurance policy in any of the following scenarios:

• Scenario 1 - In case the customer has bought the policy through Hyundai car insurance, then you can renew the plan online at the website of the company.
• Scenario 2 - If you have purchased the policy directly from the insurer, then you can log in to the official website of the insurance provider and renew the insurance online. Almost all the insurance providers offer the facility of insurance renewal online. The online process is highly secure and enables instant policy issuance.
• Scenario 3 - Neutral financial websites provide you the facility of online policy renewal.