Hyundai Ioniq 5 Insurance - Buy/Renew Hyundai Ioniq 5 Car Insurance

Home / Car Insurance / Hyundai Car Insurance / Hyundai Ioniq 5 Car Insurance

The futuristic and innovative Hyundai IONIQ 5 is one of the hottest new electric vehicles on the market. With its fast charging capabilities, long-range, and stylish design, the IONIQ 5 offers an exciting glimpse into the future of electric mobility. However, owning this amazing EV involves more than just driving it off the dealership. Purchasing comprehensive car insurance is an absolutely essential step for IONIQ 5 owners to fully protect their investment.

Let's take a closer look at why buying car insurance for the Hyundai IONIQ 5 is so important.

Why should you buy car insurance for Hyundai IONIQ 5?

Legal Compliance

Driving any vehicle on public roads in India without valid car insurance is illegal. To legally drive your Hyundai IONIQ 5, having adequate coverage is mandatory.

Financial Protection

Like any vehicle, the IONIQ 5 is vulnerable to damage from accidents, weather events, theft and vandalism. Having insurance safeguards owners from potentially huge repair and replacement costs.

Third-Party Liability

Car insurance helps cover injury and damage claims made by other parties involved in an accident with your IONIQ 5. This protection is critical for avoiding costly legal issues.

Peace of Mind

Knowing you and your IONIQ 5 are covered by a robust insurance policy provides significant peace of mind and financial security. This allows enjoying your EV without constant worry.

The most common types of car insurance for Hyundai IONIQ 5

Third-Party Liability

This basic insurance covers injury or damages suffered by third parties caused by the insured IONIQ 5. It does not cover damage to the IONIQ 5 itself.

Comprehensive Insurance

This premium coverage protects against third-party liability and damage to the insured IONIQ 5 from accidents, theft, vandalism, natural disasters and more. It provides maximum protection.

What is Covered

What is not covered

What is covered in Hyundai IONIQ 5 car insurance? (Inclusions)

Comprehensive IONIQ 5 insurance typically includes coverage for:

Third-party liability for injury and property damage.
Accident repair costs for the insured IONIQ 5.
Theft of the IONIQ 5
Natural disasters like floods, storms, lightning, earthquakes, etc.
Man-made disasters like riots, strikes, civil unrest, etc.
Damage from fire or explosion.
Towing charges up to a specified limit.

What is not covered by Hyundai IONIQ 5 car insurance? (Exclusions)

While comprehensive insurance is extensive, some exclusions apply:

Wear and tear or mechanical breakdowns.
Damage from driving under the influence of alcohol or drugs.
Losses occurring outside the geographic limits of the policy.
Damage caused intentionally by the insured.
Losses occurring when driving without a valid licence.

Add-ons for Hyundai IONIQ 5 car insurance

Owners can further customise protection by adding optional add-on covers like:

Zero Depreciation

This add-on waives the depreciation deduction on parts that would normally apply when making a claim. It allows you to recover the full cost of replacing parts without any cuts for depreciation.

NCB Protection

This protects your No Claim Bonus from dropping, even if you make a claim. Your NCB usually resets when you make a claim. With this cover, your NCB will remain intact.

Engine Protection

Provides coverage against damage to engine parts caused by water ingression, leakage of lubricating oil and damage from loss of coolant.

Roadside Assistance

Provides assistance in case of breakdown or accident by paying for on-spot repairs, towing to a nearby garage, battery jump starts, flat tyre assistance, fuel delivery, etc.

Consumables Cover

Covers cost of parts that require frequent replacement like nuts and bolts, lubricants, etc. This saves on out-of-pocket expenses for such parts.

Accessories Cover

Pays for damage to extra fittings like music systems, expensive dashcams, GPS equipment, etc. Often not covered in basic damage cover.

Benefits of buying ACKO car insurance for your Hyundai IONIQ 5

ACKO offers several advantages for purchasing IONIQ 5 insurance, including:

No commissions or middlemen. Only pay the premium amount. ACKO is a direct insurer, so you only pay the actual premium cost with no hidden fees or commissions. This makes it very cost-effective.
Entirely online process with no paperwork. The entire policy purchase, from comparing plans to payments, can be done digitally on the website or app. This is fast, convenient and environmentally friendly.
24/7 accessibility via website or mobile app. You can access your policy, make claims or track claims anytime with online access. Great for emergencies or general convenience.
Quick claim settlements due to digital processes. ACKO uses technology to process claims faster.
Connect with experts for guidance on optimal policies and add-ons. ACKO provides support through the process to understand your needs and recommend the right customised plans and riders.
Cashless services at network garages across India. Over a large number of network garages for hassle-free cashless servicing. Just drive in without any payment worries.
Free pick up and drop (in select cities) for repairs at network garages. No need to arrange transportation for repairs. Doorstep services for covered repairs and maintenance.

How to Buy/Renew Hyundai IONIQ 5 Insurance from ACKO

Renewing or buying IONIQ 5 insurance from ACKO is simple:

Step 1: Visit the ACKO website or app.

Step 2: Enter the vehicle registration number and click "Check Prices".

Step 3: Choose a plan and add-ons and make the premium payment to instantly purchase the policy.

Step 4: Receive policy copy online. Print or store digitally.

4 easy steps to raise a claim

ACKO's seamless claim process involves:

Step 1: Log in to the ACKO profile and click "Claim Now".

Step 2: Answer questions regarding claim details.

Step 3: Upload the required documents.

Step 4: Minor claims get real-time settlement. For major claims, an ACKO representative will get in touch with you.

Conclusion

The Hyundai IONIQ 5 is an exciting electric vehicle, and protecting it with comprehensive insurance ensures worry-free ownership. Choose ACKO for trusted, convenient IONIQ 5 insurance fully online. Focus on enjoying your futuristic EV while having complete peace of mind.

Frequently Asked Questions on Hyundai IONIQ 5 Car Insurance

FAQs

Does the Hyundai IONIQ 5 require special or different car insurance because it is an electric vehicle?

No, the Hyundai IONIQ 5 can be insured just like any other regular gasoline-powered car. Standard motor insurance policies that cover damage, theft, liability, etc., are applicable to the IONIQ 5.

Is car insurance more expensive for electric vehicles like the IONIQ 5?

Not necessarily. Premiums are based on factors like the insured's location, driving record, selected coverage and more. Some insurers may offer discounts for EVs.

Does the IONIQ 5's battery warranty cover damage from accidents or natural events?

No, the manufacturer's battery warranty only covers technical defects. Damage coverage requires comprehensive insurance covering accidents, weather events, theft, vandalism, etc.

Does car insurance cover charging cable theft or damage?

Yes, if you have Accessories Cover or Equipment Protection as an add-on. This will pay for the theft of charging cables, damage to home chargers, etc.