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Best Car Insurance with Unlimited Zero Depreciation

Depreciation is a natural phenomenon that takes place with time and eventually decreases the value of your asset. The price of a new car does not remain the same after it is out of the showroom. It keeps decreasing day by day.

A standard car insurance cover does not provide insurance against depreciation by default. However, there is an add-on called the zero depreciation cover which helps a car owner to get insurance for the depreciation cost incurred by his/her car. Therefore every car insurance policyholder should opt for a zero depreciation add-on cover along with their comprehensive policy or standalone own-damage policy as It helps to eliminate the depreciation factor from the overall coverage.

Car Insurance With Zero Depreciation v/s Car Insurance Without Zero Depreciation

Age of Car

Rate of Depreciation Without Zero Depreciation cover

Rate of Depreciation With Zero Depreciation cover

Under 6 months

Nil

0%

6 months to 1 year

5%

0%

1-2 years

10%

0%

2-3 years

15%

0%

3-4 years

25%

0%

4-5 years

35%

0%

5-10 years

40%

0%

Above 10 years

50%

0%

Part of Car

Rate of Depreciation Without Zero Depreciation cover

Rate of Depreciation With Zero Depreciation cover

Paint work /Rubber/nylon/ plastic parts, tires and tubes, batteries and airbags parts

50%

0%

Fibre glass parts

30%

0%

Glass parts

Nil

0%

Different insurance companies allow a different numbers of zero depreciation claims during the validity of the cover. There are some insurance companies which allow their policyholders to claim twice or thrice during the policy period while other insurance providers allow unlimited zero depreciation claims.

1. IFFCO TOKIO Car Insurance

379 reviews
Know more about IFFCO TOKIO Car Insurance
  • Highlights

    Enjoy seamless free service at 4300+ garages
    Check in your City
    Avail perks of zero dep without any limits
    1,00,000+ happy customers and counting
    Renew your car insurance policy in minutes
    95.30% Claim settlement ratio
  • IFFCO Tokio General Insurance

    IFFCO Tokio provides a wide array of benefits with its car insurance policy. One of the most exclusive benefits is that it has not set any limitation on the number of claims that a policyholder can make during a policy period against its zero depreciation cover.

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  • Iffco Tokio Car Insurance User Reviews

    A supportive team like family

    The InsuranceDekho family provided me with strong support as...

    Read More
    A
    On: December 24, 2019

2. Royal Sundaram Car Insurance

393 reviews
Know more about Royal Sundaram Car Insurance
  • Highlights

    3300+ Avail prompt services at authorized cashless garages
    Check in your City
    4 working hours Claim Survey is done
    92.66% Recorded claim settlement ratio
    Round the clock assistance and emergency services provided
  • Royal Sundaram General Insurance

    One of the most amazing services offered by Royal Sundaram is that it allows its policyholders of zero depreciation cover to make an unlimited number of claims during the validity of the add-on. This allows its policyholders to get full claim benefit at the time of each claim settlement.

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  • Royal Sundaram Car Insurance User Reviews

    Sit back and Relax

    After payment, I was able to sit back and relax. The portal ...

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    S
    On: December 24, 2019

3. New India Car Insurance

423 reviews
Know more about New India Car Insurance
  • Highlights

    Only direct insurer in India to be rated A-(Excellent) by AM BEST Company since 2007
    Check in your City
    Pan India operation with 2452 offices
    Pioneer in the non-life insurance segment for more than 40 years
    Round the clock support
  • New India Assurance Company

    New India Assurance Company allows an unlimited number of claims against a zero depreciation cover for the insured’s car. That is every time when a claim is made by the policyholder, the cost of depreciation is borne by the insurer.

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  • New India Car Insurance User Reviews

    No Claim Bonus

    To be honest I was completely unaware of the No Claim Bonus ...

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    S
    On: December 24, 2019