Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Car insurance starting from Rs. 2072/year*
  • Save upto 75%*
    Lowest Car Premiums
  • 11.5 Lakh+
    Happy Customers
  • Claim Support
    7 days a week

*TP price for less than 1000cc four-wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply

Bajaj Allianz Zero Depreciation Add-on

440 reviews Rate This
    Network Garages4,000+
    Claim Settlement Ratio88.83%
    Emergency Assistance Available 24/7
    Policies Issued2.6 crore in FY20
    AccreditationiAAA Rating by ICRA
    Presence1,100+ cities

    Bajaj Allianz Car Insurance Zero Depreciation

    As car parts depreciate with age, policyholders need to pay a higher amount as claim settlement since, the insurance company factors in depreciation costs while calculating the claim amount. This explains why policyholders must opt for the “Zero Depreciation” add-on cover that ensures a comprehensive car insurance cover without deducting the depreciation from the claim amount. Instead, if you opt for a standard comprehensive cover without zero depreciation cover, your insurer will hand over the claim amount based on the “current value” of your vehicle.

    However, nothing comes for free and this is true for add-on covers too. To avail the benefits of a Zero Depreciation cover, you need to pay 15-20% added premiums over and above the basic premium charges. Despite being costly, the idea of zero depreciation cover appeals to most customers owing to the peace of mind that it promises.

    Benefits Offered Under Bajaj Allianz Zero Depreciation Add-On Cover

    Some of the benefits of choosing a zero depreciation add-on cover along with Bajaj Allianz standalone own damage plan or comprehensive car insurance plan are listed below:
    • Complete Claim Amount Without Depreciation: When you include a zero depreciation cover alongside your basic car insurance plan then it enhances the coverage of your existing car insurance policy. With the help of this add-on cover, the chances for the policyholder to pay depreciation expenses from their own pockets decreases when registering a claim for their car insurance cover.
    • Enhanced Protection: A zero depreciation add-on cover is designed to offer added insurance coverage to your existing car insurance plan. It offers enhanced protection to the policyholder at the cost of a little additional premium over and above the premium paid towards standard car insurance plans. It offers coverage towards the depreciation part of the insured car.
    • Economical: Although a zero depreciation additional cover can increase the premium payable towards the car insurance plan, however, it is a very beneficial add-on cover as it offers enhanced coverage. It helps the policyholder in saving money while availing a claim for car insurance plan as it assists the policyholder in availing the amount of claim without including any type of depreciation cost.

    Depreciation Rate Applicable on Car With And Without Zero Depreciation Add-on

    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%

    Parts of Car

    Rate of Depreciation Without Zero Depreciation

    Rate of Depreciation With Zero Depreciation

    Paint Work/Rubber/Nylon/Plastic Parts, Tires and Tubes, Batteries and Airbags Parts

    50%

    0%

    Fiberglass Parts

    30%

    0%

    Glass Parts

    Nil

    0%



    What All is Included Under a Bajaj Allianz Car Insurance Plan With a Zero Depreciation Cover?

    Following coverages are offered under a Bajaj Allianz car insurance plan with a zero depreciation add-on cover:

    • It offers compensation for the replacement or repair cost of the depreciable parts beared by the policyholder while claiming settlement.
    • This cover may even include partial damages to the tyres and battery.
    • This cover offers compensation for car’s depreciable parts like fiberglass, nylon, rubber or plastic parts of the car.

    What All is Not Included Under a Bajaj Allianz Car Insurance Plan With a Zero Depreciation Cover?

    Following aspects are not offered coverage under Bajaj Allianz Car Insurance Plan with a zero depreciation cover:

    • Total damage or loss of the insured vehicle is not offered coverage under a zero depreciation add-on cover.
    • Normal ageing or wear and tear of the car would not be offered coverage under a car insurance plan with zero depreciation add-on cover.
    • Own damages incurred by the insured car because of mechanical failure or fault.
    • Loss or damage of the uninsured car items like tyres, bi-fuel kit or or gas kits.

    Factors Affecting Bajaj Allianz Zero Depreciation Cover

    Buying comprehensive car insurance does not always make you eligible to opt for Zero Depreciation Cover too. Some factors affecting zero depreciation cover include:

    • Opt for this cover only if you are ready to pay additional premium charges.
    • If your car is less than five years old, then you can buy zero depreciation cover.
    • Damages to car’s engine, batteries or other parts can also be claimed subject to certain conditions.
    • With a basic zero depreciation cover in place, you can get only the damaged car parts repaired or replaced.

    Calculate Your Car Insurance

    Select your car's brand
    • Maruti
    • Hyundai
    • Honda
    • Toyota
    • Mahindra
    Which city is your car registered in?
    • Ahmedabad
    • Bangalore
    • Chandigarh
    • Chennai
    • Gurgaon
    When did you buy your car?
    20062019
    Have you made a claim in the previous year?

    Must Read Articles before buying Bajaj Allianz Car Insurance

    Bajaj Allianz Car Insurance User Reviews

    Write your review
    What users are saying
    • All
    • Most Helpful
    • Compare
    • Price
    • Cashless Garages
    • Comprehensive
    • Claim
    • Renew
    • Premium
    • Add On
    • Renewed my policy at ease

      I visited the insuranceDekho website to get the Bajaj Allianz car insurance plan that I had bought for my Ma...

      Read More
      H
      By Hardik Bhatt
      On: May 25, 2022
    • Best customer care support

      The InsuranceDekho website entertains its users with the best customer care support. While buying the Bajaj ...

      Read More
      M
      By Mandeep Singh
      On: May 23, 2022
    • nice experience

      nice experience and the quote was so good enough to meet y budget and recieved the policy document within the ...

      Read More
      V
      Chevrolet Spark mavelikara
      By VIJAYAN
      On: May 22, 2022
    • Customer care service

      I wanted to buy a car insurance plan for my Mahindra XUV700 but was not sure which plan to go with. I was re...

      Read More
      N
      By Nipun Mishra
      On: May 20, 2022
    • Pocket-friendly plans

      I was looking for a good car insurance plan that could easily fit into my budget easily. While going through...

      Read More
      By Nitin Kumar
      On: May 18, 2022
    • A large number of plans

      The InsuranceDekho website has a large number of plans on their website. After going through everything abou...

      Read More
      G
      By Gautum Negi
      On: May 16, 2022
    • Hassle-free claim settlement

      I had filed a claim on the InsuranceDekho website for my Maruti Baleno car for which I was insured with the ...

      Read More
      M
      By Mohit Raj
      On: May 11, 2022
    • Best customer care service

      The customer care service provided by the InsuranceDekho website is simply amazing. While buying the Bajaj A...

      Read More
      A
      By Akash Goyal
      On: May 9, 2022
    • So many plans to choose from

      There are a lot of plans available on the InsuranceDekho website, out of which I chose the Bajaj Allianz car i...

      Read More
      V
      By Vaibhav Yadav
      On: May 6, 2022
    • Excellent services

      The InsuranceDekho website provides superb services to its users. I visited their website and bought the Baj...

      Read More
      V
      By Vasu Tiwari
      On: May 4, 2022

    746 Bajaj Allianz Cashless Garages in India

    Bajaj Allianz Zero Depreciation Cover FAQs

    • How do I know if I must opt for a regular cover or a comprehensive policy with zero depreciation cover?

      A lot depends on your willingness to take risks or preference of claim amounts on the investment made. A Zero Depreciation cover is preferred in the following cases:

      • If you have a car that is less than five years old.
      • If you drive a luxury car, the repairs of which are costly and can be done at authorised dealers only.
    • Can I get my No Claim Bonus (NCB) migrated if I am planning to change my insurer?

      Your NCB and its benefits get transferred to another insurance company sans any added costs. When you renew your policy through us, you may leave the transfer of the NCB benefits to the new insurance company to us.

    • Is service tax applicable on the premium charges that I pay on my car insurance?

      As with other purchases, service tax is applicable to insurance prices too. The insurance company charges the service tax as per the prevailing rules and regulations.

    • What is the “Certificate of Insurance” under the Motor Vehicles Act?

      The insurance company, post acceptance of the car insurance proposal submitted by its interested customers, issue a “Certificate of Insurance” to them, thereby, accepting to bear the risk associated with their cars. Policyholders must ensure that they carry this insurance document with them while driving.

    • Can one have the insurance and vehicle ownership under different names?

      One must remember that the insurance is on the car that the owner buys. This means that it is imperative that the insurance is bought in the same name as the car. This ensures hassle-free claim payment. Any discrepancy regarding the name or address of the car owner may result in the insurance company rejecting the claim out-rightly.

    must dotmust graphics

    Why to buy from InsuranceDekho?

    • Instant policy # within 5 mins
    • More than 45 Lac happy customers
    • Claim Support available all 7 days of the week

    Bajaj Allianz Car Insurance Contact Details

    Have a problem? Are you looking for assistance? We are at your service 24x7!

    Car Insurance News

    • Latest
    • Popular
    #Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.