Hyundai IONIQ 5 Insurance
Hyundai IONIQ 5 Insurance
The Hyundai Kona was the Hyundai Motor Company’s foray into electric cars in 2019, but it didn’t make inroads into the market as expected. While the reasons could be many, the launch of the Hyundai Ioniq 5 is set to capture the imagination of Indian car owners.
Built on a native electric platform, this compact electric crossover is the size of a large hatchback built on a wheelbase of around three meters. With clean lines and a muscular stance, the Ioniq 5 is a well-defined car with spacious interiors too.
A comfortable ride with an ARAI-certified range of 631 km on a single charge, it is designed to cater to the specific needs of driving on Indian roads.
In India, even electric cars need to have valid four-wheeler insurance to ply on the roads. Car insurance provides financial protection in the event of an accident, theft, or other unexpected events. It helps to cover the cost of repairs or replacement of the vehicle, as well as any medical expenses or liability claims arising from an accident.
Comprehensive four-wheeler insurance is a type of coverage that offers protection for a wide range of events beyond just those related to accidents. It covers damage to your vehicle from non-collision events such as theft, vandalism, natural disasters, or fire. If you plan to buy a Hyundai Ioniq 5, then make sure you opt for a comprehensive Hyundai Ioniq 5 insurance plan for complete protection.
When you start looking for Ioniq 5 insurance, you will have many options to choose from. To find the best coverage for your car within your budget, it is important to compare plans carefully. Tata AIG offers feature-rich car insurance policies to help you get the best protection for your Ioniq 5 at affordable prices.
Hyundai Ioniq 5 Insurance Renewal/Purchase via Tata AIG
With the internet spreading its roots across the country, many insurers have started offering online platforms to buy or renew a car insurance policy with ease. Tata AIG has always been a customer-centric insurance company with policies and processes designed to offer services in a hassle-free manner.
With us, you can buy Hyundai car insurance online in no time. You can also opt for a Hyundai car insurance renewal for your existing Tata AIG policy online. Here is a quick look at the process:**
Visit Tata AIG’s official website at www.tataaig.com
Go to the Car Insurance Page by clicking here. You can also navigate to the page from the home page by scrolling to the top menu and clicking on All Products >> Car Insurance
Enter the registration number of your Hyundai Ioniq 5 and click on one of these options:**
Get Price: for buying a new Tata AIG Hyundai car insurance policy
Renew: for renewing your existing Tata AIG Hyundai Ioniq 5 insurance policy
- Select the IDV:** On the next page, choose from the list of IDVs displayed.
Note: The IDV or Insured Declared Value is the estimated market price of the Ioniq 5. We use the IDV to calculate the sum insured by the policy and its premium. Choosing a high IDV can get you a higher sum insured, but the premium will be high and vice-versa. Hence, choose the IDV carefully.
Select Add-on Covers: Choose from a wide range of add-on covers to tailor the coverage of your comprehensive insurance policy to your needs.
Note: Each add-on cover will increase the premium of the policy. Hence, understand your insurance needs and opt for the add-ons you need.
- Voluntary Deductible:** Choose the deductible amount.
Note: This is the amount you agree to bear when filing a car insurance claim in exchange for a discount on the premium. Higher deductible amount = lower premium. However, this would mean a higher strain on your finances while settling a claim.
Upon receiving these details, we will provide a quote that includes the extent and scope of the policy, its terms, and the premium amount. At this stage, you can go back and make changes to tailor the policy to your needs
Once you agree with the quote, you can pay the premium using any of the digital payment methods
On receiving the premium, your policy is made “live”, and the documents are emailed to you
Hyundai Ioniq 5 Insurance Price – Your Premium Amount
When you buy a car insurance policy, the insurer offers coverage based on a range of factors and against the payment of a premium. Here are some factors that are considered for calculating the coverage and premium of a car insurance policy:**
Insured Declared Value (IDV): This is the estimated current market value of your car. The insurance company determines the IDV by factoring in depreciation due to age. Many insurers offer car owners the option of choosing a higher or lower IDV at varying premium rates.
Type of car: Cars with a higher probability of getting into accidents or mishaps or those with costlier spares usually have a higher premium rate for the insurance policy. This is because the insurer tries to make up for the compensation that must be paid during a claim and the frequency of claims.
Safety features: Car owners who install safety systems like an efficient car lock, an anti-theft device, or a GPS tracker can expect some discount on the premium of the car insurance policy.
Coverage: A third-party car insurance policy will have a lower premium than a comprehensive policy. Also, the choice of add-ons can impact the premium of the policy.
Your location: Where you drive and park your car can impact the policy's premium. The insurer will factor in various aspects that increase the risks of an accident or mishap to calculate the premium amount.
Voluntary Deductible: Many insurers offer car owners the option of paying a certain portion of the claim amount in exchange for a discount on the premium. This is called voluntary deductible. If you opt for a high voluntary deductible, then you can expect a higher discount on the premium.
You can use our online, free-of-cost and easy-to-use car insurance premium calculator to determine your Ioniq 5 insurance price quickly
Add-Ons for Hyundai IONIQ 5 Car Insurance by Tata AIG
We offer a set of 12 add-ons to help you protect your Ioniq 5 against a special set of circumstances and expand your insurance coverage:
Roadside Assistance
Zero Depreciation
Engine Protection
Daily Allowance
Return to Invoice
Consumable Expenses
Key Replacement
Loss of Personal Belongings
NCB Protection
Plastic and Glass Fiber Parts Replacement
Hotel Expenses and Emergency Transportation
Tyre Secure
Things Covered and Not Covered under Tata AIG’s Hyundai Ioniq 5 Car Insurance
| Things Covered Under Tata AIG’s Hyundai Ioniq 5 Car Insurance | Things Not Covered Under Tata AIG’s Hyundai Ioniq 5 Car Insurance |
|---|---|
| Third-Party Liability: This coverage offers protection for any third-party claims arising from an accident involving the policyholder's vehicle, including personal injury and property damage. | Wear and tear: Normal wear and tear of the vehicle is not covered under the policy. |
| Own Damage Cover: This coverage offers protection for the policyholder's vehicle in the event of an accident, theft, fire, or natural disaster. | Mechanical or electrical breakdown: Damage to the vehicle due to mechanical or electrical breakdown is not covered, unless it is a direct result of an accident. |
| Personal Accident Cover: This coverage provides personal accident coverage for the policyholder and any named drivers on the policy. | Uninsured or untraced drivers: Claims arising from accidents involving uninsured or untraced drivers are not covered. |
| Medical Expenses: This coverage provides reimbursement for any medical expenses incurred as a result of an accident involving the policyholder's vehicle. | Driving under the influence: Accidents that occur while the policyholder is driving under the influence of drugs or alcohol are not covered. |
| Add-on covers: Add-on covers in comprehensive car insurance are additional coverage options that can be added to a standard comprehensive policy to provide enhanced protection. These add-ons may include coverage for personal accidents, engine protection, zero depreciation, roadside assistance, and more. | Intentional acts: Accidents or losses that are the result of intentional acts by the policyholder are not covered. |
| Conflict or war: Loss or damage to the vehicle due to war, hostilities, civil war, or any similar events are not covered. | |
| Nuclear weapons: Loss or damage to the vehicle due to nuclear weapons or any other nuclear risks are not covered. | |
| Illegal acts: Accidents or losses that result from illegal acts, such as theft, are not covered unless the policyholder reports the theft to the police within 24 hours of the occurrence. |
Why is it Important to Have Tata AIG for Your Hyundai Ioniq 5 Car Insurance?
Choosing the right insurance partner is important to ensure that you get a cost-efficient policy that is tailored to your needs.
Tata AIG is a trusted name in car insurance. Here are some reasons that make us a reliable name for Hyundai insurance in India.
Financial stability: Tata AIG is a financially stable company with a strong reputation, providing peace of mind to policyholders that their claims will be paid promptly.
Comprehensive coverage options: We offer a wide range of coverage options, including comprehensive coverage for damage to your vehicle, personal accident cover, and more.
Customisable policies: We allow policyholders to tailor their coverage to meet their specific needs through a range of add-on covers.
Efficient claims process: We have an efficient claims process that is designed to help policyholders get the support and compensation they need as quickly and smoothly as possible.
Customer service: We are known for our strong customer service, providing policyholders with access to knowledgeable and helpful representatives who can answer their questions and assist them with any issues.
Wide network of garages: We have a wide network of garages across India, making it easier for policyholders to get their vehicles repaired quickly and efficiently in the event of an accident.
Online policy purchase: We help policyholders to purchase their car insurance policies online, making the process quick, convenient, and hassle-free.
Overview – Hyundai Ioniq 5 Car Model
Hyundai has launched the Ioniq 5 in the global shift towards electric mobility. This is a compact SUV crossover built on a native electric platform. With sustainability at its core and performance as the takeaway, the Hyundai Ioniq 5 has gained a lot of attention among potential car buyers in India.
The Ioniq 5 has options in all-wheel and rear-wheel drives in different variants. Powered by a 72.6 KWh lithium-ion battery pack and a powerful electric motor, the car delivers performance that parallels the best electric cars around. The battery can be charged completely within five hours using a level 2 charger. You can also charge up to 80% of the battery within 40 minutes using a level 3 charger. The maximum charging rate of the Ioniq 5 is 350 kW.
The Ioniq 5 has been designed to be a head-turner. It has an aerodynamic design that makes it sleek with a distinct profile. With angular headlamps and a bold front grille, driving the Ioniq 5 is sure to get you and your wheels some extra attention. Fortunately, looks are not the only thing the car offers. Driving the Ioniq 5 is smooth. Its handling is precise, and acceleration will answer all questions about the performance of an electric vehicle.
As you enter the car, you are greeted by a car that ‘values your space’ – literally! It has been designed optimally, keeping the need for space in mind. With high-quality materials and advanced systems, the interiors do complete justice to what new-age cars need to offer.
Being a fully-functional powerful electric car, it has a range of features to ensure the safety of the occupants. The driver has options to monitor blind spots and automated voice assistance in maintaining lanes while driving. The car is also equipped with automatic emergency braking to avoid collisions and mishaps. Finally, Hyundai has taken numerous measures to create an eco-friendly and sustainable production model for the Ioniq 5. These include using recycled materials and offering eco-driving modes for energy optimisation.
Hyundai Ioniq 5 Variants and Prices
| Hyundai Ioniq 5 Variants | Price of Variants (Ex-Showroom Delhi) |
|---|---|
| Ioniq 5 Long Range RWD | Rs. 44.95 Lakh |
Unique Selling Points: Hyundai Ioniq 5 Car Features
The following are the key unique selling points of the Hyundai Ioniq 5:
Advanced electric powertrain: If you are looking for an electric car that offers fast acceleration, responsive handling, and a smooth ride, then the advanced electric powertrain of the Hyundai Ioniq 5 is designed to deliver all that and more.
Fast charging: The Ioniq 5 is designed to be compatible with Level 2 charging. This means that you can use a level 2 charger and charge your car completely within five hours.
Spacious interior: The car does justice to its size by offering a lot of room inside without compromising the comfort and convenience of the occupants. This makes it a great option for long road trips.
Stylish exterior: The Ioniq 5 turns heads wherever it goes. A compact crossover SUV with an aerodynamic exterior, a muscular stance, and clean lines with numerous cuts and creases to add character to the vehicle.
Eco-friendly: Being an electric vehicle that uses recycled materials for its interiors and eco-driving options to optimise the use of energy makes the Ioniq 5 one of the most eco-friendly electric cars around.
Safety: This has always been the primary area of focus for Hyundai. With the Ioniq 5, it is no different. The car is packed with a range of advanced safety features to offer peace of mind to the occupants and better control over driving.
Rivals of Hyundai Ioniq 5
Volvo XC40 Recharge
Kia EV6
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
Related Articles
1. How to Claim Hyundai Car Insurance?
1. How to Claim Hyundai Car Insurance?
Filing a claim for your Hyundai car insurance with Tata AIG is a simple and quick online process:
- Visit our official website and go to the 'Claims' page. Type in your policy number on the online form and details of the FIR, along with your details. For voice support, please call us on 1800-266-7780.
- Our surveyor for damages will inspect your car, and we will have the car repaired at the network garage.
- We will then begin the claim process.
- Once the process is complete, your repaired car will be sent back to you.
2. How To Renew Hyundai Car Insurance?
For your Hyundai car insurance renewal with Tata AIG, these are the steps you can follow:
- Visit our Car Insurance page.
- Provide your car's registration number and click "Renew".
- Fill in the required details as given on the online form.
- Make the payment to complete your Hyundai car insurance renewal.
3. What is the price of a Hyundai car?
With 13 models currently on sale in India, the price of a Hyundai car starts from ₹4.77 lakhs for a Hyundai Santro, while the most expensive model, the Kona Electric, can go up to ₹25.20 lakhs.
4. How does the No Claim Bonus apply to my Hyundai car insurance?
When it is time for your Hyundai car insurance renewal, the No Claim Bonus discount that you have accumulated as a result of not filing a claim for damages will be applied to your premiums. Therefore, you will be paying reduced premiums for the coming policy year. But it is important to note that the No Claim Bonus discount does not apply to the overall premiums but only the own damage premium.
5. What determines my Hyundai car insurance premium?
Your Hyundai car insurance premium will be determined based on some prime factors like the location or area where it is used, the car's make and model, the type of insurance cover, the risks on your car, your driving record and the deductibles.
6. How does repairing my Hyundai car at my insurance provider's network garage help me?
With Tata AIG, in case your Hyundai car suffers damage, you can choose to have your car repaired at our 7500+ network garages. With your Hyundai car insurance, you can avail of cashless claims, where we will settle the repair costs directly with the garage, and you won't have to pay anything. And if you choose to have your car repaired at a garage of your choice, we will reimburse the costs to you with your Hyundai car insurance, again, without you having to face any financial losses.
Q1. What is the cost of insuring a Hyundai Ioniq 5 in India?
The premium of a Hyundai Ioniq 5 car insurance policy depends on a range of factors like the age of the car, its make and model, your driving record, the insured declared value, etc. You can use our free online car insurance premium calculator to get a quote by providing some basic information.
Q2. What type of car insurance should I buy for my Hyundai IONIQ 5 in India?
While buying a third-party liability insurance policy is mandatory for all vehicles in India, they do not offer coverage for damages to the insured car. Hence, you can consider buying a comprehensive car insurance policy that offers protection against damages to your car due to accidents, natural disasters, man-made calamities, accidents, fire, and theft apart from providing third-party liability coverage.
Q3. What is the range of the Hyundai Ioniq 5?
The Hyundai Ioniq 5 has a range of around 631 km with a 72.6kWh battery pack.
Disclaimer: *All the car prices and other information listed above pertain to a specific city and vehicle model. Since this information is subject to change, it is advisable to check the latest information before purchasing a vehicle or an insurance policy.
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