Hyundai Kona Electric 2024 Car Insurance

How to Buy

1. Buy car insurance online via our website or mobile app. To make your purchase here, scroll to the top and enter your Kona Electric’s registration number in the quote box. Then, click on ‘Get Price’.
2. Enter your personal information and vehicle details when prompted on the screen.
3. Choose a car insurance policy, select an IDV (Insured Declared Value) and include add-on covers as needed.
4. After you get the car insurance quotes, pay the required premium online via UPI, credit or debit card, net banking or EMI.
5. Once you complete your purchase, your policy documents will be delivered instantly to your email address.

Important Note: Our buying process is the same for new and second-hand cars as well as for discontinued models.

How to Renew

1. Renew your policy on our website or mobile app. To renew here, scroll to the top and click on the ‘Renew your TATA AIG car policy’ link.
2. Enter the registration number of your Kona Electric 2024 or your existing policy number and click on ‘Renew’.
3. Check the renewal premium and your applicable No Claim Bonus (NCB).
4. Upgrade your insurance coverage and include add-ons as needed.
5. Check your insurance quote and pay the renewal premium online to renew your policy. Complete your car insurance online renewal within the grace period of 90 days to avoid losing your NCB.

Important Note: A vehicle inspection may be necessary to buy or renew insurance for a second-hand car or to renew an expired policy.

Get a customised car insurance plan with EV-specific add-ons and other benefits.

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Third-Party Coverage is a Legal Requirement

The Motor Vehicles Act makes third-party insurance mandatory to drive any motor vehicle on India's public roads. If you are caught driving an uninsured Hyundai Kona Electric, you can face fines from ₹2,000 to ₹4,000, jail for up to 3 months or both. Additionally, causing third-party injuries or property damage with your EV can lead to expensive legal liabilities running into lakhs of rupees.

With a third-party Kona Electric 2024 insurance plan, you can avoid traffic fines by fulfilling legal requirements and cover legal compensation for third-party injuries, disabilities and fatalities.

Repair Bills Scale With What's in the Car

Kona Electric 2024’s premium pricing (₹23-25 lakhs), along with limited parts availability and service infrastructure, makes for high repair costs. A frontal collision or a rear-end crash with this premium EV can damage many expensive components, such as parking sensors, cameras, automatic doors and various electrical parts.

A Hyundai Kona electric insurance plan covers repairs and replacement of parts due to accidents, fire, natural disasters and other risks, subject to policy terms. This keeps your out-of-pocket costs down as insurance covers most of your expensive repair bill.

Access to Hyundai Authorised Workshops in the Network

Hyundai Motor India offers a wide, pan-India network of 1670+ service touchpoints across 1020+ cities, including very remote areas. With TATA AIG’s car insurance, you get access to most of Hyundai’s brand-authorised service centres for cashless repairs, genuine parts and expertise.

Some of our top benefits include a network size of 6300+ garages, which include authorised Hyundai repair facilities, doorstep pick-up and drop-off services, a 3-minute customer call-back and a fully digital claim process.

Covers Fire, Natural & Man-Made Disasters

Everyday driving exposes your EV to unpredictable risks such as flooded streets, heavy monsoon rain or falling trees and objects during severe storms. While rare, EVs can also risk a high-voltage battery fire. A car insurance plan covers your Kona Electric from a wide range of unforeseen events.

And with the right add-ons, our insurance for the Hyundai Kona Electric covers the vehicle, battery and portable chargers against a wide range of natural and manmade events, subject to policy terms.

Covers Theft & Total Loss

Rising cases of vehicle theft in major cities are a top concern for owners of high-end EVs like the Kona Electric, especially if you regularly park at unsecured locations. Total loss from a frontal crash or a natural calamity is another major threat for EV owners and requires comprehensive insurance coverage.

Our comprehensive and own damage plans cover reimbursement up to the Insured Declared Value for theft, total loss and total constructive loss claims. With the Return to Invoice cover, we pay the full on-road price.

Car Insurance Policies We Offer

What Policy Do I Buy? - Insurance for Different Types of Owners

Electric Surge Secure

The Electric Surge Secure is an essential EV add-on available for cars up to 5 years old. It covers repairs and replacement of the EV and charging equipment due to electrical issues like arcing, self-heating, short-circuiting, and water damage to electrical systems.

Depreciation Allowance- Battery

If the cost of the battery is included in the IDV, this add-on covers the depreciation deducted on battery replacement during an own damage claim. The add-on is especially useful for EVs, where the battery is one of the most expensive parts, available for cars up to 5 years old.

Depreciation Reimbursement

Also called the Zero Depreciation add-on, it covers depreciation deducted on part replacements for own damage insurance claims. It's highly useful for the Kona Electric 2024 as it covers your out-of-pocket costs on high-value parts such as the battery pack, electric motor, inverter or information and navigation cluster that quickly depreciate. Covers cars up to 10 years old.

Roadside Assistance

The Roadside Assistance (RSA) add-on provides emergency services at your location and is useful for sudden breakdowns or battery depletion. It covers on-the-spot repairs, jump-starting the battery, tyre fixing services, emergency fuel delivery, towing services, and more , for cars up to 15 years old.

Tyre Secure

The Tyre Secure add-on covers the cost of repairing and replacing your car tyres and tubes if they are accidentally damaged. The Hyundai Kona Electric comes equipped with premium Nexen or Kumho all-season tyres. Replacement costs can range from ₹8600 to ₹31,000 depending on the brand, making Tyre Secure a must-have add-on. It covers cars up to 7 years old.

Additional Towing Charges

The Additional Towing Charge add-on covers the extra costs of towing your Hyundai Kona Electric to the nearest garage or service station over what’s covered in the base policy. It’s highly beneficial for high-end EVs and driving in remote areas where specialised transport over long distances can result in high out-of-pocket costs. The add-on is available for cars up to 15 years old.

Return to Invoice

The Return to Invoice cover pays the difference between your Kona Electric’s Insured Declared Value and on-road price, covering registration charges, road tax and insurance cost. This add-on is the most useful for brand new cars and driving in accident-prone areas and is available for cars up to 5 years old.

No Claim Bonus Protection

The NCB Protection Cover protects your accumulated No Claim Bonus from being reset to zero from a single own damage claim filed during the policy year. It’s an essential add-on when you have accumulated substantial savings and drive in accident-prone areas. Cars up to 10 years old are eligible for this add-on.

Daily Allowance Plus

The Daily Allowance Plus reduces your travel inconvenience while your Kona Electric is being repaired after an accident or other covered events. It provides either a fixed daily cash benefit or a hire car for alternative transportation. The add-on is available for cars up to 10 years old.

Your total Hyundai Kona Electric insurance price depends on two major components: a third-party premium component fixed by the IRDAI and an own damage component that varies based on a range of factors.

The Fixed Part: Third-Party Premium

The premium for third-party car insurance is set by the IRDAI and is standard across all insurance providers. For an electric car like the Kona Electric 2024, the price depends on the battery capacity (in kilowatt-hours) and policy term.

The Variable Part: Own-Damage Premium

What Can You Do About It?

• Set a Realistic IDV: Set a realistic IDV based on the actual selling price in used-car markets for discontinued models. However, avoid setting an amount too low to cover repair costs.
• Preserve Your No Claim Bonus: Avoid filing minor, unnecessary claims to prevent your NCB from being reset. If you have saved a substantial bonus, the NCB Protection add-on protects your savings.
• Install Anti-Theft Devices: Installing ARAI-approved safety devices, such as anti-theft alarms, vehicle immobilisers, etc., makes you eligible for special discounts on the premium.

Insured Declared Value, or IDV, is the current market price of your Kona Electric after accounting for depreciation. It’s also the maximum payout offered by an insurer in the event of theft or total loss of your vehicle.

When purchasing Kona Electric insurance online, you can select a lower or higher IDV within a specified range. However, choosing an unrealistically low or high value can negatively affect your costs or claim payout. Know how to set the right IDV for your Hyundai Kona Electric 2024:

The Trade Off

What to Set on a Hyundai Kona Electric 2024

Set the Insured Declared Value as close to the current market value of your Kona Electric 2024. To set the exact value, search the resale value of the vehicle in the used car market for the exact variant, age and approximate mileage.

In an electric vehicle, the IDV is often concentrated in one component- the battery. A total constructive loss (where repair costs exceed 75% of IDV) can easily cross a low insured value, resulting in a claim payout that neither covers repairs nor vehicle replacement. To ensure sufficient coverage, you can add the Return to Invoice cover to your Kona insurance plan.

For discontinued cars, the IDV amount is decided by an agreement between the insurer and policyholder. Ensure you set a realistic value that is neither too low nor too high compared to the market selling price. Also consider the cost of fittings and accessories to avoid underinsurance.

The Mistake to Avoid

Avoid choosing a very low IDV just to reduce your Hyundai Kona Electric insurance premium. It may save you a small amount on your premium but reduces your insurance coverage, leaving you with major losses if your EV is stolen or declared a total loss. Also avoid setting an artificially high IDV, as it does not increase your claim payout.

What’s Covered

What’s Not Covered

• Normal Wear and Tear: Any gradual damage, depreciation or failures caused by regular usage are not covered.
• Consequential Loss: Consequential loss or damage is a secondary consequence caused indirectly by an insured event and is not covered. Example: Hydrolocking due to starting an engine with water ingress.
• Electrical or Mechanical Breakdown: Does not cover electrical issues and mechanical failure caused by regular usage and ageing.
• Accessories and Modifications After Purchase: Non-factory-fitted accessories and modifications made after policy purchase are not covered automatically. Can be included by applying for a car insurance endorsement.
• Damage or Loss Outside India: Damage or loss that occurs when you take your insured car outside India’s borders is excluded.
• War and War-Like Events : The policy does not cover damage or loss due to war, civil war, invasion, rebellion, revolt, civil commotion, acts of government, and similar acts.

Cashless Claim

Step 1: Collect evidence, including photos, videos, witness testimony and insurance details at the site of the incident. Then, inform us via our helpline (022-6489-8282), email (general.claims@tataaig.com) or WhatsApp number (9136160375).

Step 2: File your claim via our claim page or mobile app. Provide the required details, including your policy number, car registration number, date and location of the incident, etc. When you register your claim, we will assign you a dedicated claims handler.

Step 3: Find a Tata-authorised network garage using our Garage Locator tool. Drive to one of our network garages or opt for our doorstep pick-up service.

Step 4: We will assign a surveyor to inspect your damaged Kona Electric 2024 and estimate repair costs. Avoid starting any repairs without our approval.

Step 5: After processing, we will directly pay approved expenses to the network garage. Depending on your chosen plan and add-on, we may or may not cover expensive electronics, batteries, and chargers.

Reimbursement Claim

Step 1: Ensure your safety and gather necessary evidence. Then, notify us and register your claim via official channels, including the customer helpline, email, WhatsApp, claim page or mobile app..

Step 2: After your claim is registered, we will assign a surveyor to inspect your Kona Electric and estimate repair costs. Avoid starting any repairs without our approval.

Step 3: Drive your Hyundai Kona Electric 2024 to any approved garage for repairs. After repairs are completed, pay your bills and collect all relevant documents.

Step 4: Submit the required documents, including GST invoices, payment receipts and the repair estimate. Refer to our list below for complete documentation and avoid delaying submissions.

Step 5: We will verify your claim and documents and make payment to your bank account within 7 days of receiving the last document. The approved amount can be less than your repair bills due to deductions and depreciation.

• Claim Form: Duly filed and signed claims form in prescribed format
• Policy Documents: Copy of documents issued after policy purchase
• Identity and Address Proof: Government-issued proof of identity and residential address
• Photos or Videos: Evidence of vehicle damage and incident site
• Bills and Receipts: Original bills, invoices and receipts for reimbursement claims
• Registration Certificate: Copy of registration certificate (RC) of your Kona Electric 2024
• Driving Licence: Copy of driving licence of the person driving your car at the time of accident
• FIR/Police Report: FIR copy or written acknowledgement from the police for theft, major losses and third-party injuries/property damage
• Repair Estimate: Estimate provided by the network garage
• Medical Bills: Medical invoices and prescriptions for personal accident and third-party injury claims
• No Trace Report: Issued by the police for non-recovery for theft-related claims
• Vehicle Keys: Original Kona Electric keys for theft-related claims
• RTO Forms: RTO Forms 28, 29 and 30 for theft and total loss claims
• Financier’s NOC: For lender’s consent for theft and total loss claims

Important Note: We may require additional documents. We will notify our requirements via mobile number, email or post.