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Hyundai Alcazar Car Insurance

Hyundai came up with an entirely new Alcazar SUV in June 2021 in India that received almost 11,000 bookings in less than a month after its premiere, making it one of the best-selling cars in the country. It is an easy-to-drive 6/7-seater full-size SUV and comes in eight variants and two distinct engine options: petrol and diesel. The car has set new standards for comfort and versatility with a luxurious 3-row cabin and sporty design, resulting in an unmatched on-road experience.

As the car is in high demand, the demand for the insurance policy for this beast is equally proportional. On top of that, it is mandatory to buy a third-party liability-only policy if an individual is a car owner as per the Motor Vehicles Act of India, 1988. So, to make things more understandable and easier, this article has come up with everything that one needs to know to have a brief idea of the car and its car insurance plan.

Key Specifications of Hyundai Alcazar

This car has come up with a sack full of benefits and facilities. The following table offers a brief sketch of the car. Have a look.

Key specificationsDetails
Engine capacity

1493 cc

1999 cc (Petrol-powered model)


20.4 km/l

Petrol version – 14.5 km/l.

Max power156.9 bhp @6500 RPM
Max torque191 nm @4500 RPM
SafetyThe Alcazar models possess high-tech security features like vehicle stability management (VSM), electronic stability control (ESC), rear disc brakes, a tire pressure monitoring system, and a surround-view monitor.
PerformanceBoth 1.5-liter diesel CRDi and 2.0-litre petrol MPi models come with features like hill start assist control (HAC), 6-speed automatic and manual transmissions, and driving modes such as comfort, eco, and sport.
Additional Specifications
  • Rear camera with steering adaptive parking guidelines.
  • Impact sensing auto door unlocks.
  • Burglar alarm.
  • Emergency stop signal (ESS) and more

Hyundai Alcazar Variants and Ex-showroom Price

The premium price for Hyundai Alcazar depends on various factors such as IDV of the car, registration area, type of the insurance policy, fuel type, model number of the car, etc. Keeping in mind certain factors, the premium table has been prepared for this car.

Model NameFuel TypeInsured Declared Value (IDV)Zero Depreciation Value (Add-on Cover)Premium Amount
HYUNDAI Alcazar Prestige (O) 6 STR 2.0 Petrol ATPetrolRs. 9,68,220Rs. 9489Rs. 10,711
HYUNDAI Alcazar Prestige 7 STR 1.5 Diesel (1493 cc)DieselRs. 8,92,620Rs. 8748Rs. 5892
HYUNDAI Alcazar Prestige (O) 7 STR 1.5 Diesel ATDieselRs. 9,72,540Rs. 9531Rs. 6114
HYUNDAI Alcazar Prestige 6 STR 2.0 Petrol (1999 cc)PetrolRs. 8,85,870Rs. 8682Rs. 10,472
HYUNDAI Alcazar Signature 6 STR 2.0 Petrol (1999 cc)PetrolRs. 10,10,340Rs. 9901Rs. 10,834

Different Add-on Covers Available With Hyundai Alcazar Car Insurance

To make car insurance stronger and more protective, an insured person can opt for add-on cover(s) by paying a little extra premium amount. There are multiple additional covers available for this car. The important ones are mentioned below.

Zero Depreciation Cover:

Depreciation, in simple terms, is the decrease in the value of your car due to its natural wear and tear with time. with this add-on cover, the insurer does not consider the depreciation cost of damaged parts during claim settlement. In that case, the policyholder will receive a higher claim settlement. Typically, during claim settlement, an insurer deducts the depreciation value of parts before replacing the damaged parts. However, with this add-on, there is no such deduction, and one can receive the 100% claim amount.

Personal Accident Cover:

This additional benefit saves the owner-driver from the risk of an accident. This cover is available with the comprehensive policy only, under which the owner-driver is entitled to get compensation of up to Rs. 15 lakhs. It offers protection against untimely accidental death and permanent total disability.

Engine Protection Cover:

A standard comprehensive car insurance policy solely covers repairs to the car. But if an insured person opts for this add-on cover, the engine of the Hyundai Alcazar will also get the protection which is the most expensive part of a car. The add-on compensates for replacing or repairing the car’s engine or parts. This can be due to leakage of lubricant oil, water ingression, damage to components such as gearbox, pistons, connecting rods, etc., and hydrostatic lock caused when the driver starts the wet engine.

No Claim Bonus (NCB) Cover:

When a policyholder does not make any claims during the policy period, the insurer acknowledges the fact and wants to reward him/her for not raising a claim at the time of renewal. Thus, the insurer offers the policyholder a discount while renewing the policy. This discount ranges from 20% to 50%, depending on the No Claim Year(s). This add-on benefit helps to have great financial savings, and it is also transferrable.

Roadside Assistance Cover:

Roadside assistance add-on cover in car insurance can come to an aid when the insured person is stranded in an unknown destination because of some malfunction in his/her vehicle. From small mishaps such as a flat tire to a 24×7 roadside assistance cover, car roadside assistance becomes the best friend while traveling. This includes towing, repair assistance, flat tire, emptied fuel, discharged battery, malfunctioning of the parts, etc.

What Are The Key Exclusions of the Hyundai Alcazar Car Insurance?

The general exclusions of Hyundai Alcazar Car Insurance are mentioned below.

  • The expenses of normal wear and tear of the car are not covered by the policy if that cover is not purchased by the insured person as an add-on cover separately.
  • The policyholder must bear the costs of electrical and mechanical breakdowns.
  • If the car is used outside the specified geographical area or for adventurous sports or any activity that is not authorized, then the insurer will not take any responsibility for the damages or losses.
  • If the car meets an accident while the driver is under the influence of alcohol, drug, or any other intoxicating substance, the expenses will not be compensated by the insurance company.
  • If an accident happens while the car does not have any active insurance policy, or is not registered properly, then the insurance company does not take any liability for that.
  • If the driver does not have a valid license while driving the car, that will also fall under the category of exclusions.
  • If the car suffers losses and damages due to wars, strikes, riots, war-like situations, public unrest, nuclear radiation, etc., the expenses of that loss must be borne by the insured person.
  • If the accident is self-inflicted, suicide or suicide attempts are permanently excluded from the policy.

Buy Hyundai Alcazar Car Insurance Policy Online

If anyone feels interested in buying this policy, he/she can take the help of Probus Insurance to purchase this policy without any effort. In that case, just follow the below steps carefully.

  • Scroll up to the top of the page and find the Products tab. Click on that.
  • Multiple options will appear. Select the Car Insurance option under the Motor Insurance tab.
  • On the landing page, one needs to put the registration number of his/her Hyundai Alcazar in the right place. And then click on the Compare Quotes option.
  • Here, one needs to provide some more details regarding the insurance policy. Once done putting all the required information, the website will calculate the premium amount on the basis of the given data.
  • Premium amounts from different insurance companies will be displayed on the screen.
  • Go through the quotes and the benefits.
  • If satisfied, click on the insurer under which you want to buy the policy. Check the details once again.
  • Now, pay the premium by choosing one of the most convenient payment methods.
  • Upon successful payment, a notification regarding the same will be sent to the registered mobile number and/or email ID.
  • Download and save the receipt for future reference.

Renewal Process For Hyundai Alcazar Car Insurance Policy

If a policy does not get renewed on time, it will lapse, and the policyholder cannot avail of the benefits of the policy. Therefore, renewing a policy is a pivotal part of purchasing a car insurance plan. With Probus Insurance, this renewal process has become easier and simpler if one follows the below steps religiously.

  • At the top of this page, there will be the Renew Your Policy tab. Click on that.
  • Select the Motor Renewal option among the three options.
  • On the landing page, multiple options for the insurance companies will appear on the screen.
  • Select the insurance under which you have the Hyundai Alcazar car plan.
  • You will be directed to the official page of the company.
  • There, one may need to put certain details such as the policy number, and/or registration number of the car.
  • On the basis of the given details, the company will calculate the renewal amount.
  • Check the details again. If no discrepancy is found, pay the renewal amount by choosing the most convenient method of payment available with the insurer.
  • Upon successful payment, a notification regarding the same will be sent to the registered mobile number and/or email ID.

Hyundai Car FAQs

Most frequent questions and answers about on Hyundai Alcazar Motors insurance

There are many factors that can affect the premium amount of this car. The important ones among them are as follows.

  • Insured Declared Value (IDV) of the car.
  • Fuel type
  • Variant
  • Type of insurance policy
  • Deductibles
  • Add-on covers
  • Geographical location, etc.

The insurance company determines the current value of the insured’s car by taking a few factors into consideration, such as brand, model, and age of the car. IDV is determined on the basis of the selling price fixed by the manufacturer and the percentage of depreciation charged on it.

IDV = Manufacturer’s registered price – depreciation

The cost of accessories that were not fitted by the manufacturer at the time of delivery will be calculated as an additional. In formula will also include components of the accessories and then the IDV will be calculated as:

Insured Declared Value = (Company’s listed price – Depreciation value) + (Cost of vehicle accessories – Depreciation value of the accessories)

If you opt for a comprehensive car policy for Hyundai Alcazar, the benefits will be as follows:

  • Accidental damages.
  • Natural disasters resulting in damage to the car
  • Man-made calamities
  • An explosion or fire damaging your car
  • Alcazar damaged beyond repair (Total loss)
  • Theft of the Alcazar
  • Third-party property damages
  • Third-party death or injuries
  • Other coverages as per the add-ons

It is always financially safer to buy suitable insurance for a vehicle, even if your car is second-hand. You can choose between Third-party Car Insurance or a Comprehensive Insurance Plan. However, a Comprehensive policy is more effective in protecting you financially in case your car gets damaged, lost, or stolen, though a third party plan is mandatory.

You can get your Hyundai Alcazar car insurance policy renewed easily by just having the following details with you:

  • Previous Year Policy Number
  • Previous Year Policy Expiry Date
  • Vehicle Registration Number
  • Any other document, if required.