Hyundai is India's second-largest car manufacturer, with a lineup spanning
budget hatchbacks like the Grand i10 Nios to premium SUVs like the Tucson and the flagship IONIQ 5 electric. Whether you drive a Venue, Creta,
i20, Verna or Alcazar, insuring your Hyundai is both a legal requirement and a financial necessity.
SMC Insurance lets you compare quotes from 30+ insurers, choose the right plan for your Hyundai and get an instant
policy in minutes — with zero paperwork.
Third-Party Insurance (Mandatory) Third-party car
insurance is the minimum legal requirement under the Motor Vehicles Act, 1988, for every Hyundai on Indian roads.
It covers damage, injury, or death caused to a third party in an accident involving your car. It does not cover damage
to your own vehicle. While it carries the lowest premium, it leaves your Hyundai — even the entry-level Grand i10 Nios Era or
Venue E — completely unprotected against accidents, theft, or natural calamities.
Comprehensive Insurance (Recommended) Comprehensive car insurance covers
third-party liability and your own vehicle damage — making it the strongly recommended choice for all Hyundai owners.
It protects against accidents, theft, fire, floods, earthquakes and other perils. Given that even Hyundai's most affordable
models start upwards of Rs. 5.68 lakh ex-showroom, comprehensive coverage ensures you are never left with a large out-of-pocket
repair bill. You can also add optional riders for enhanced protection.
Standalone Own Damage (OD) Policy If you already hold a
valid third-party policy from another insurer, you can purchase a Standalone Own Damage policy separately to
cover repair costs for your Hyundai. Standalone OD policies became available following IRDAI regulatory changes,
giving Hyundai owners the flexibility to choose their own-damage insurer independently of their TP policy.
Hyundai Creta Electric Insurance
The Hyundai Creta Electric, launched in January 2025, is India's most affordable
electric mid-size SUV and requires a slightly different insurance approach compared to its petrol/diesel sibling.
Here's what Creta Electric owners must know:
TP premium based on kW slab, not cc
15% TP discount for EVs
Battery Protection add-on is a must
Zero Dep especially critical given battery costs
RTI recommended in first 3 years given high purchase price
Hyundai Car Insurance Premium — Model-Wise Price Table
The insurance premium for your Hyundai depends on the model, variant, fuel type, IDV and the city of registration. The table below gives indicative premiums for popular Hyundai models for brand-new cars registered in
Zone A cities (Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Ahmedabad):
Car Model
Ex-Showroom Price (Approx.)
IDV (Approx.)
Zero Dep Add-on
Comprehensive Premium (Bundled)
Grand i10 Nios Era Petrol
Rs. 5.55 Lakh
Rs. 5.27 Lakh
Rs. 1,350 approx.
Rs. 13,000 onwards
Grand i10 Nios Asta CNG
Rs. 7.68 Lakh
Rs. 7.30 Lakh
Rs. 1,700 approx.
Rs. 17,500 onwards
Exter EX Petrol
Rs. 6.00 Lakh
Rs. 5.70 Lakh
Rs. 1,500 approx.
Rs. 14,000 onwards
Exter SX(O) CNG
Rs. 9.55 Lakh
Rs. 9.07 Lakh
Rs. 2,100 approx.
Rs. 19,500 onwards
i20 Era Petrol
Rs. 7.04 Lakh
Rs. 6.69 Lakh
Rs. 1,700 approx.
Rs. 16,500 onwards
i20 Asta Turbo Petrol
Rs. 10.50 Lakh
Rs. 9.98 Lakh
Rs. 2,400 approx.
Rs. 21,000 onwards
Venue E Petrol
Rs. 7.94 Lakh
Rs. 7.54 Lakh
Rs. 1,900 approx.
Rs. 17,500 onwards
Venue SX(O) Turbo
Rs. 13.50 Lakh
Rs. 12.83 Lakh
Rs. 3,000 approx.
Rs. 27,000 onwards
Creta EX Petrol
Rs. 10.79 Lakh
Rs. 10.25 Lakh
Rs. 2,700 approx.
Rs. 21,500 onwards
Creta SX(O) Knight Turbo
Rs. 20.05 Lakh
Rs. 19.05 Lakh
Rs. 4,300 approx.
Rs. 38,500 onwards
Creta Electric (Smart 42 kWh)
Rs. 18.03 Lakh
Rs. 17.13 Lakh
Rs. 4,000 approx.
Rs. 35,000 onwards
Creta Electric (Excellence 51.4 kWh)
Rs. 24.70 Lakh
Rs. 23.47 Lakh
Rs. 5,500 approx.
Rs. 48,000 onwards
Verna EX Petrol
Rs. 10.90 Lakh
Rs. 10.35 Lakh
Rs. 2,600 approx.
Rs. 21,000 onwards
Alcazar Executive Petrol
Rs. 14.51 Lakh
Rs. 13.78 Lakh
Rs. 3,300 approx.
Rs. 27,500 onwards
Tucson Platinum Petrol
Rs. 29.02 Lakh
Rs. 27.57 Lakh
Rs. 6,500 approx.
Rs. 55,000 onwards
IONIQ 5 RWD Standard
Rs. 44.95 Lakh
Rs. 42.70 Lakh
Rs. 9,000 approx.
Rs. 75,000 onwards
Aura E Petrol
Rs. 6.30 Lakh
Rs. 5.99 Lakh
Rs. 1,550 approx.
Rs. 14,500 onwards
Note: Premiums are indicative estimates for brand-new cars
registered at Delhi (DL) RTO. Ex-showroom prices reflect June 2026 figures inclusive of GST 2.0 revisions effective September 22, 2025.
Creta Electric premiums are indicative and based on EV-specific TP slab (kW-based) with 15% EV TP discount applied; actual OD premiums vary by insurer. Actual premiums vary by registration year, variant, fuel type, IDV chosen,
city and insurer. Use the quote tool above for your exact price.
IRDAI Third-Party Premium Slabs for Hyundai Cars
Third-party (TP) premiums for private cars are regulated and notified by
the Ministry of Road Transport & Highways (MoRTH) in consultation with IRDAI. The applicable TP rates for Hyundai cars are
based on engine capacity:
These TP premium rates are as notified by MoRTH/IRDAI and have remained unchanged since FY 2021-22. The last gazette notification
confirming these rates for private cars was GSR 354(E) dated 28.03.2024 (for FY 2023-24). IRDAI has recommended a revision of up to 10–25% which is currently under MoRTH review and has not yet been officially notified. Premiums shown are subject to change once a
fresh Gazette notification is issued. Always verify the current applicable rate atirdai.gov.in before purchasing or renewing.
A Note on Proposed TP Premium Revision
IRDAI has recommended an upward revision in motor third-party premiums, which
is pending final notification by MoRTH. The current TP rates have been frozen since 2021 — one of the longest gaps in revision history.
Once MoRTH issues a Gazette notification, revised premiums will apply to all new policies and renewals from the effective date. Hyundai owners
renewing before that notification date can lock in the current rates for their policy year. Track the latest notification atirdai.gov.in.
For the Hyundai IONIQ 5 and Hyundai Creta Electric,
third-party premiums are calculated differently from petrol and diesel cars. IRDAI classifies EV TP premiums based on
motor output in kilowatts (kW) — not engine cubic capacity (cc). Additionally, IRDAI mandates a 15% discount on TP
premiums for all private electric vehicles compared to equivalent petrol/diesel rates, as part of the government's
push for cleaner mobility.
EV Motor Output
Indicative Annual TP Premium (with 15% EV
discount applied)
Up to 30 kW
Rs. 1,780 approx.
30 kW to 65 kW
Rs. 2,904 approx.
Above 65 kW
Rs. 6,712 approx.
The Hyundai IONIQ 5 (with motor output well above 65 kW) falls in the
highest EV slab. The Hyundai Creta Electric is available with 42 kWh and 51.4 kWh battery options, with motor outputs that place
it in the 30–65 kW or above-65 kW slab depending on variant. Always verify the exact applicable EV TP rate atirdai.gov.in before purchase, as EV slab rates are subject to revision.
All premiums are subject to 18% GST, which remains applicable on motor insurance policies. Separately, GST revisions on vehicle ex-showroom prices (effective September 22, 2025) have reduced IDV on new cars, which may marginally lower the
own-damage component of comprehensive premiums for vehicles purchased after that date.
Hyundai Models by Engine/Motor Slab
Slab
Hyundai Models
Up to 1000cc — Rs. 2,094 TP
(No current Hyundai petrol/diesel model falls in this slab)
Hyundai IONIQ 5, Hyundai Creta Electric — TP based on
motor kW output with 15% EV discount
How IDV Is Calculated for Hyundai Cars
The Insured Declared Value (IDV) is the maximum amount your insurer will pay in case of total loss or theft of your Hyundai. IDV is calculated based on the ex-showroom price minus depreciation, as per IRDAI-prescribed depreciation rates. A higher IDV means better claim coverage but a
slightly higher premium — always choose an IDV close to your car's current market value.
Car Age
Standard Depreciation
IDV Retained
Less than 6 months
5%
95%
6 months to 1 year
15%
85%
1 to 2 years
20%
80%
2 to 3 years
30%
70%
3 to 4 years
40%
60%
4 to 5 years
50%
50%
For Hyundai cars older than 5 years, IDV is agreed upon mutually between the insurer and the policyholder. Higher IDV means better coverage but slightly higher premium. Always avoid choosing the lowest
IDV to reduce premium — it leaves you under-insured in case of total loss.
Hyundai Car Insurance Premium by City
IRDAI classifies Indian cities into Zone A and
Zone B for motor insurance pricing. Zone A cities carry slightly higher premiums due to greater traffic density,
accident frequency and theft rates.
Zone A Cities: Delhi, Mumbai, Chennai, Bengaluru, Kolkata, Hyderabad, Pune, Ahmedabad
Zone B Cities: All other cities and towns in India
Estimated Premium for a 3-Year-Old Hyundai Creta SX 1.5 Petrol (Mid Variant):
Zone
Estimated Comprehensive Premium
Zone A (e.g., Delhi, Mumbai)
Rs. 12,000 – Rs. 16,000
Zone B (e.g., Jaipur, Coimbatore)
Rs. 10,000 – Rs. 13,500
Note: Premiums vary further based on insurer, IDV, NCB and add-ons selected.
No Claim Bonus (NCB) on Hyundai Car Insurance
If you haven't made any claim during a policy year, you earn a No Claim Bonus (NCB) — a discount applied to the own-damage (OD) portion of your premium at renewal. NCB is one of the most valuable benefits for careful Hyundai owners,
and can reduce your OD premium by up to 50% over five claim-free years.
Claim-Free Years
NCB Discount
1 year
20%
2 consecutive years
25%
3 consecutive years
35%
4 consecutive years
45%
5 consecutive years
50%
Key NCB Facts:
NCB belongs to the owner, not the car — it transfers when you change insurers.
NCB is lost if you make an own-damage claim during the policy year.
You can protect your accumulated NCB with an NCB Protect Add-on — especially
useful for high-NCB policyholders (45–50%).
Add-on covers for Hyundai car insurance
Standard comprehensive insurance can be enhanced with
optional add-on covers. The most useful ones for Hyundai owners are:
Zero depreciation cover
At the time of a claim, insurers normally deduct depreciation from
parts (plastic, rubber, glass, metal). Zero Dep eliminates this deduction — you receive the full repair/replacement cost without any depreciation cut. Strongly recommended for
any Hyundai under 5 years old, especially Creta, Verna and Tucson owners.
Engine protector cover
Engine
protector coverage covers damage to the engine and gearbox caused by water ingression, hydrostatic lock, or leakage of lubricating oil — events not covered under standard comprehensive policies.
Particularly important for Hyundai owners in flood-prone cities like Chennai, Mumbai and Bengaluru.
EV-specific add-ons
Standard comprehensive policies cover EVs for accidents, theft, fire and natural calamities.
However, EV owners should consider three additional add-ons:
Battery Protection Cover (covers water ingression into the battery, charger surges, and consequential battery damage),
Charging Equipment Cover (protects your home charging unit)
Electric Motor Protection Cover (covers repair or replacement of the EV motor).
Given the high cost of battery replacement (which can run into several lakhs) Zero Depreciation Cover is especially critical for EV owners.
Return to invoice (RTI) cover
In case of total loss (theft or beyond-economical-repair damage), RTI pays you the original invoice value of your Hyundai — not just the depreciated IDV. Strongly recommended for new Hyundai cars in their first 1–3 years,
especially for higher-value models like the Alcazar, Tucson and IONIQ 5.
Roadside assistance (RSA)
RSA provides 24x7 help if your Hyundai breaks down anywhere — towing, battery jump-start, flat tyre assistance,
emergency fuel and more. Available from most insurers at a minimal additional premium.
Key and lock replacement cover
Key and lock replacement cover provides the cost of replacing lost or damaged car keys and locks — a practical add-on for urban
Hyundai owners, given the cost of smart keys on modern Hyundai models.
Tyre protection cover
Covers repair or replacement of damaged tyres and tubes due to
accidental damage, bulging, or burst. Useful for Hyundai SUV owners (Creta, Venue, Alcazar, Tucson) on varied terrain.
Consumables cover
Covers engine oil, coolant, nuts, bolts, grease and other
consumables excluded from standard claims. Useful for Hyundai owners who want maximum claim settlement without deductions.
NCB protect
Make one own-damage claim in a policy year without losing your
accumulated NCB. Highly recommended for policyholders with 35–50% NCB on their Hyundai policy.
Get the right add-ons for your Hyundai
Compare quotes from 30+ insurers and choose the add-ons that suit your car, city and budget — in minutes.
On the homepage, click the insurance category you want - "Car Insurance"
Step 3
You can then enter your registered vehicle number and click on "View Quotes".
Step 4
The upcoming prompts will ask you for your vehicle details
like brand, model, fuel type, variant and respective RTO.
Step 5
Once given, you can check the policy start and end date, confirm NCB
details and view quotes from various insurers.
Step 6
On submission, SMC will display a list of available plans or quotes from partner insurers. You can view plan details like coverage, benefits,
inclusions/exclusions, add-ons (if available), insured declared value (for vehicles), etc.
Step 7
Compare the available options and consider things like third-party vs
comprehensive, add-ons (e.g. zero-depreciation, roadside assistance) as per your needs.
Step 8
Once you select the plan you want, click the button labeled \"Buy Now\".
Step 9
Fill out your personal details as required (owner name, address, contact,
driving licence/RTO info or health info depending on policy). Ensure all details are accurate.
Step 10
Make the payment via the online gateway supported by the website. After payment confirmation you will
receive your policy document or certificate electronically (through email or website account).
Step 11
Once everything is processed, your insurance policy becomes active.
Keep a digital or printed copy of your policy/certificate for future reference.
Throughout the buying process, you have the option to contact the SMC Team for any kind of support you need.
Renewing Existing Insurance:
To renew insurance you will have to follow a similar process as well:
Enter your registration number above.
Your existing policy details are fetched automatically.
Review your current insurer's renewal quote.
Compare with other insurers for a better rate.
Apply your NCB discount and choose add-ons.
Pay and get instant renewal — no inspection required for timely renewal.
Why Buy Hyundai Car Insurance Through SMC?
30+ Insurers Compared: Get quotes from HDFC ERGO, Tata AIG, Bajaj General,
ICICI Lombard, New India, SBI General and more in one place.
100% Online, Zero Paperwork: Buy or renew in under 2 minutes
from your phone or laptop.
Dedicated Claim Support: SMC's in-house claims team assists you
from intimation to settlement.
4.1/5 Google Rating: Verified customer reviews reflect our service quality.
Instant Policy Issuance: Policy document sent to your
email and WhatsApp immediately on payment.
Summing Up
Hyundai's wide lineup (from the budget-friendly Grand i10 Nios to
the premium Tucson and the electric IONIQ 5) means every owner has different insurance needs. Whether you choose a basic third-party policy to meet legal requirements or a comprehensive plan loaded with add-ons to protect your Hyundai's full value, SMC Insurance makes the process effortless. Compare quotes from over 30 leading insurers, leverage your No Claim Bonus and secure instant digital protection for
your Hyundai today, with zero paperwork and complete peace of mind.
Disclaimer:The information provided on this platform is intended for general awareness and educational purposes. While every effort is made to ensure accuracy, some details may change with policy updates, regulatory revisions, or insurer-specific modifications. Readers should verify current terms and conditions directly with relevant insurers or through professional consultation before making any decision.
All views and analyses presented are based on publicly available data, internal research, and other sources considered reliable at the time of writing. These do not constitute professional advice, recommendations, or guarantees of any product’s performance. Readers are encouraged to assess the information independently and seek qualified guidance suited to their individual requirements. Customers are advised to review official sales brochures, policy documents, and disclosures before proceeding with any purchase or commitment.
I have purchased a new vehicle and was looking for the car insurance with comprehensive coverage. SMC Website was quick to assist me with the premium amount and the payment process was easy. Happy with their services.
Payal kaur Chandigarh, April 28, 2025
Smooth Process
I purchased my car insurance from SMC, and it has truly been worth it. When my car caused third-party damage, I simply shared the photos and videos with them. Thanks to Sachin, the customer executive, my insurer settled the claim within just a week. Really satisfied with the service!
Rajnish Singh Puna, April 16, 2025
Excellent Support
This is the best insurance company as they have assisted me well while buying the car insurance policy. Kudos to SMC!
Yes, under the Motor Vehicles Act, 1988, every Hyundai on public roads in India must carry at least a valid third-party liability insurance policy. Driving without insurance carries a fine of up to Rs. 2,000 for the first offence and Rs. 4,000 for subsequent offences, along with possible vehicle impoundment. Regardless of whether you own a Hyundai Grand i10 Nios or a Tucson, a
valid policy is non-negotiable. We strongly recommend a comprehensive policy over bare-minimum third-party coverage.
The minimum is a third-party (TP) insurance policy. For new Hyundai cars, a 3-year bundled TP policy is mandatory at the time of purchase. For Hyundai cars already on the road, annual TP renewal is required. While TP is the legal minimum, it leaves your Hyundai unprotected against accidents, theft, and natural calamities — comprehensive insurance is
strongly recommended for all Hyundai models, especially higher-value ones like the Creta, Alcazar and Tucson.
IDV (Insured Declared Value) is the ex-showroom price of your Hyundai minus depreciation as per IRDAI norms. For example, a Hyundai Creta with an ex-showroom price of Rs. 11.11 lakh that is 2 years old would have an IDV of approximately Rs. 8.89 lakh (after 20% depreciation). Always choose an IDV close to the actual market value —
setting it too low saves a small premium but severely under-insures your car in case of total loss or theft.
Yes, NCB (No Claim Bonus) is fully transferable when you switch insurers at renewal. You need an NCB certificate or your previous renewal notice from your existing insurer to carry it forward to the new policy. Since NCB belongs to the owner — not the car — it even transfers if you sell
your Hyundai and buy a new car. NCB can reduce your OD premium by up to 50% after 5 consecutive claim-free years.
Yes, damage caused by floods, waterlogging, or cyclones is covered under comprehensive car insurance. However, if water enters the engine due to driving through a flooded area (causing hydrostatic lock), that specific engine damage is typically excluded unless you have an Engine Protector add-on. Hyundai owners in flood-prone cities like Chennai, Mumbai or Bengaluru should strongly consider
adding Engine Protector cover — particularly relevant for low-ground-clearance models like the Verna and i20.
If your policy lapses by more than 90 days, the insurer will require a pre-acceptance inspection of your Hyundai before renewing. You also lose your accumulated NCB — potentially losing up to 50% OD premium discount built over years. For lapses under 90 days, most insurers renew without inspection. Always renew before the expiry date to avoid
inspection hassle, NCB loss, and the legal risk of driving uninsured — even for a single day.
If your Hyundai (Grand i10 Nios, Venue, Exter or Aura) has a factory-fitted CNG kit, it is automatically included in your policy coverage — though you should verify this on your policy schedule. Aftermarket CNG kits must be declared separately to the insurer and attract an additional TP premium of Rs. 60/year plus a percentage loading on OD. Always declare your CNG kit; undisclosed kits can lead to claim rejection at the time of settlement.
Hyundai now offers factory-fitted dual-cylinder CNG kits on select Grand i10 Nios variants (launched August 2024).
Every Hyundai car insurance policy in India mandatorily includes a Compulsory Personal Accident (CPA) cover of Rs. 15 lakh for the
owner-driver. This covers accidental death or permanent disability of the policyholder while driving. Additional PA cover for co-passengers can be added as an optional rider. The CPA premium is Rs. 750/year and is included in your bundled policy — it
cannot be opted out of unless you hold a separate standalone personal accident policy of equivalent or higher cover.
Instant Renewal.
No Paperwork.
