Hyundai i20 certainly does not require an introduction. It has been the eternal favourite of Indian car owners ever since its launch in 2008, and justifiably so.
The i20 from Hyundai’s stables is a quintessential all-rounder with its plethora of features, balanced design, and roomy passenger cabin. In other words, it is the perfect hatchback for us Indians.
Overall, the Hyundai i20 is a competent and reasonably priced vehicle. Naturally, its sales figures have always been impressive and, subsequently, the Hyundai i20 insurance policy, a popular product.
For one thing, the Motor Vehicles Act, 1988 mandates a third-party liability car insurance policy for every vehicle in India. Sans it, you could be looking at a penalty of Rs.2000 for one-time offence, and Rs.4000 for repeated offence.
However, even without the legal compliance part, an insurance policy for your i20 is paramount. It saves you the financial liability in case you cause damage to a third party with your car. But damages aren’t limited to the third party.
Your i20 can also suffer defilement in due course. That’s why it is better to opt for a comprehensive Hyundai i20 insurance policy instead of the mere third-party liability-only policy.
Regardless, you should choose the car insurance policy as well as the insurer judiciously to optimise your advantages from the policy.