Understanding the cost of hatchback car insurance


12 Jun 2023

Importance of Hatchback Car Insurance in India

Do you own a hatchback car? Looking to insure your car and don't know how much hatchback car insurance costs? Don't worry! We're here to assist you with everything that you need to know about insuring a hatchback car in India, the approximate insurance costs of popular hatchbacks, and the benefits of buying car insurance online.

Why should you buy hatchback car insurance in India?

There are several reasons why it's important to buy insurance for your hatchback car in India:

  1. Legal requirement: As per the Motor Vehicles Act of 1988, it's mandatory for all car owners in India to have at least a valid third-party liability insurance policy. Failure to comply with this legal requirement can result in penalties, fines, or even imprisonment.

  2. Protection against accidents: Hatchback car insurance provides financial protection against accidents that can cause damage to your car, third-party vehicles or injuries to drivers, passengers, or pedestrians. Good comprehensive insurance can cover the cost of repairs, medical expenses, and legal liabilities arising from the accident.

  3. Customizable coverage: Depending on your needs and budget, you can choose from various types of car insurance plans such as third-party liability, comprehensive, or add-on covers that provide additional benefits like roadside assistance, zero depreciation, engine protection, etc.

  4. Peace of mind: With a valid insurance policy for your hatchback car, you can have peace of mind knowing that you are protected against unforeseen events that can cause financial losses.

How much does it cost to buy hatchback car insurance in India?

The cost of insuring a hatchback car in India typically ranges from Rs. 10,000 to Rs. 25,000 per year. However, the exact cost of hatchback car insurance in India can vary depending on multiple factors like the age and model of the car, the location where it will be driven, the type of coverage chosen, the driving history of the policyholder, and the insurance company's terms and conditions. All of these factors have a wide impact on the cost of the premium.

The approximate cost (in INR) of insuring popular hatchbacks in India is as follows:

  • Maruti Swift: Rs. 12,000 to Rs. 22,000

  • Maruti Suzuki Baleno: Rs. 15,000 to Rs. 20,000

  • Tata Tiago: Rs. 10,000 to Rs. 15,000

  • Hyundai Elite i20: Rs. 20,000 to Rs. 25,000

  • Maruti Suzuki Celerio: Rs. 12,000 to Rs. 15,000

It's important to note that purchasing insurance for a hatchback car is not only mandatory by law but also essential to protect yourself and your vehicle against unforeseen events such as accidents, theft, and damages.


Purchasing hatchback car insurance is crucial to protect yourself and your vehicle from unforeseen events. While the cost of insurance can vary depending on several factors, it's important to choose the most suitable policy that offers adequate coverage and fits your budget.

Buying car insurance online offers several advantages, such as convenience, cost-effectiveness, and comparison of policies. Make sure to compare different policies, understand the terms and conditions, and choose the best insurance policy for your hatchback car to ensure a safe and secure driving experience.

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Team Kotak GIC

The content of this blog has been created and carefully reviewed by the esteemed team at Kotak General Insurance, with the sole purpose of providing valuable guidance and sharing insights on the importance of general insurance. Our objective is to assist users in making informed decisions when purchasing or renewing insurance policies for their cars, bikes, and health. Our expertly curated information aims to empower our readers with the knowledge they need to protect their valuable assets and financial interests.