Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin
Key Features:
  • Maximum Cashless Garages
  • Over Night Vehicle Repairs
  • 24x7 Roadside Assistance
  • Quick Claim Settlement

Calculate Your Car Insurance Premium Online

Select your car brand

  • Maruti
  • Hyundai
  • Honda
  • Toyota
  • Mahindra

Which city is your car registered in?

  • Ahmedabad
  • Bangalore
  • Chandigarh
  • Chennai
  • Gurgaon

When did you buy your car?

Have you made a insurance claim in the previous year?

HDFC ERGO Car Insurance Zero Depreciation

It hurts when your insurance company pays the claim amount after factoring in for the depreciation on your car. However, opting for the Zero Depreciation add-on cover ensures that your insurer offers you the complete coverage amount, i.e., full cover for all the parts of your car sans deduction of the depreciation amount. This means that in the event of your car getting damaged due to any reason including vehicular collision, the insurance company will pay in full the entire cost of your car. This does not cover engine damage caused due to an oil spill or waterlogging. Also, you can buy this cover only if your car is equal to or less than five years old. The premium charges for this cover are high, which means that the policyholders must pay an amount equivalent to 15-20 percent over and above the standard premium rates.

Benefits of HDFC Ergo Zero Depreciation Add-on Cover

Highlighted below are some of the benefits of buying a zero depreciation add-on cover along with your standalone own damage/ comprehensive car insurance plan:

  • Increased Protection: A zero depreciation add-on cover offers additional protection to the existing car insurance plan. This add-on cover increases the coverage which is offered under a car insurance plan. Costs incurred because of replacement or repair of car’s insured parts are settled without considering the depreciation value.
  • Affordable: Although, by including a zero depreciation add-on cover can increase the premium amount payable towards a car insurance plan, however, it is an extremely beneficial add-on cover as it offers enhanced coverage. With the help of this add-on cover, a policyholder can save money when availing a claim for a car insurance plan as this add-on cover lets the policyholder receive the claim amount without including depreciation cost.
  • Claim Amount Without Depreciation: When you include a depreciation cover for your car insurance plan it enhances the coverage of the existing car insurance cover. This add-on assists the policyholder in reducing the chances of paying depreciation expenses from their own pocket when filing a claim for a car insurance plan.

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



6 months to 1 year



1-2 years



2-3 years



3-4 years



4-5 years



5-10 years



Above 10 years



Car Part

Rate of Depreciation Without Zero Depreciation Cover

Rate of Depreciation With Zero Depreciation Cover

Parts made of glass



Rubber/nylon/plastic parts, tyres and tubes, batteries, paint work and airbags



Parts made of fiberglass



What is Included under a HDFC Ergo Car Insurance Policy with Zero Depreciation Cover?

Following are covered under HDFC Ergo car insurance policy with zero depreciation cover:

  • A zero depreciation add-on cover offers coverage towards partial damages to tyres and battery.
  • Replacement or repair costs incurred by the policyholder during the claim settlement would be offered to the policyholder.
  • Compensation/coverage for depreciable car parts like rubber, plastic parts, nylon and fiber is offered to the policyholder.

What is not Included under a HDFC Ergo Car Insurance Policy with Zero Depreciation Cover?

Following are not covered under HDFC Ergo car insurance policy with zero depreciation cover:

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

Factors Affecting HDFC Ergo Zero Depreciation Cover

Before you opt for a zero depreciation cover, you must keep certain factors in mind.

  • You can buy zero depreciation cover only if your car is not more than five years old.
  • Replacement of only the depreciated value of the car parts is possible in case of basic zero depreciation car insurance cover.
  • Damage caused to the car’s batteries or other parts can also be recovered. However, the coverage is limited as 50 percent depreciation is deducted on car batteries while 30 percent is deductible on other parts of the car made of plastic, rubber or nylon.
  • Seeking the benefits of zero depreciation cover involves paying higher premium amounts. Therefore, you must consider buying this only if you are ready to payhigh premium.

HDFC ERGO Car Insurance Claim Process

It's 5 step simple process,Hassle FREE
  • 1

    Download the claim form

    Download the claim form from the insurance company’s website.
  • 2

    Complete Details

    Submit correct and complete details in the claim form.
  • 3

    Submit NEFT details

    Submit NEFT details in the claim form along with a cancelled cheque.
  • 4

    KYC Details

    Download the KYC form from the company’s site. Fill in the KYC details and submit a copy of any of the KYC documents listed in the form for all claims equal to or more than Rs. 1 lakh.
  • 5

    Sit back Relax

    The amount will be credited to your account within 14 days of form submission.

Must Read Articles before buying Hdfc Ergo Car Insurance

HDFC ERGO Car Insurance User Reviews

Write your review
What users are saying
  • All
  • Zero Depreciation
  • Most Helpful
  • Comprehensive
  • Third Party
  • Own Damage
  • Renewal
  • Cashless Garages
  • Price
  • Premium
  • Policy Download
  • Customer Care
  • Claim
  • Add On
  • Complete Peace of Mind

    With the HDFC Ergo Car Insurance Policy’s comprehensive coverage for my BMW car, I enjoy complete peace of m...

    By Charul Midha
    On: November 29, 2023
  • Personalized Policy Options

    The premium calculator allowed me to explore the HDFC Ergo Car Insurance Policy options that align with my b...

    By Garv Bakshi
    On: November 24, 2023
  • Complete Value Protection

    I am happy to say that the Zero-dep insurance for my HDFC Ergo Car Insurance Policy ensures complete protect...

    By Yogita Mohante
    On: November 21, 2023
  • Excellent Advise

    Good Guidance By Archit giving the details about insurance policy and explaination of clause, Features, Choice...

    Renault Kiger Ahmedabad
    On: November 20, 2023
  • Financial Responsibility Made ...

    On my HDFC Ergo Car Insurance Policy, I got third-party coverage for my Maruti car. Insurancedekho makes ful...

    By Komal Verma
    On: November 15, 2023
  • Making a Claim, Making a Diffe...

    I think that claiming with InsuranceDekho for the HDFC Ergo Car Insurance Policy is not just about getting c...

    By Sona Malkani
    On: November 9, 2023
  • Good and easy but Credit card ...

    Nice help by Agent bu Why few bank are not allowed for credit card. Seems partiality. HDFC ergo allowed HDFC c...

    Hyundai i20 2012-2014 Ghaziabad
    By Neeraj Kumar Jagetia
    On: November 8, 2023
  • Emergency Assistance

    The emergency assistance offered by InsuranceDekho for zero-depreciation coverage for my Renault car is reas...

    By Ramesh Prajapati
    On: November 8, 2023
  • Stress-Free Repairs

    Dealing with repairs is stress-free with InsuranceDekho's own damage coverage that came with the HDFC Ergo C...

    By Pooja Paul
    On: November 7, 2023
  • Emergency Assistance

    The emergency assistance offered by InsuranceDekho for third-party coverage is reassuring. The HDFC Ergo Car...

    By Madhvi Nagpal
    On: November 3, 2023

545 Hdfc Ergo Cashless Garages in India

HDFC ERGO Zero Depreciation Cover FAQs

  • What factors affect the premiums charged towards zero depreciation cover?

    The premiums charged towards zero depreciation cover is 15-20 percent more than the standard premium rates. The insurance company calculates the increased premium charges based on factors including:

    • Age of the car
    • Car model
    • Registration locality of your car
  • Is the claim settlement process different in zero depreciation insurance policy? What is the restriction on the number of claims that can be made?

    Zero Depreciation cover is usually bought by new car drivers who are yet to master their driving skills. However, this cover is based on the concept of depreciation that gets deducted from the cover amount. It is important to note that the depreciation on any car is calculated only once a year while new drivers are prone to meet with numerous accidents during the first year. To cut down on the multiple claims made by the insured, the insurance company allows it’s zero depreciation insurance policyholders to make claims only once a year.

  • Can I seek zero depreciation cover even if my car is more than five years old?

    Many insurance companies are reluctant to allow zero-depreciation insurance beyond five years. However, you may still consider seeking approval of the insurance company before paying for this cover. The insurer after looking at your claim history or out of customer loyalty may allow you to avail the benefits of this cover after paying additional premiums.

  • How is the zero depreciation cover different from the standard cover that one buys?

    The biggest difference lies in the amount of coverage settled between the insurance company and the insured. Under the standard comprehensive insurance cover, the insurance company agrees to settle the coverage amount based on the “Insured Declared Value” of the vehicle. Having the “Zero Depreciation Cover” means that the insurer is liable to pay the full coverage amount irrespective of the depreciation amount.

  • When should you buy a zero depreciation cover?

    You must buy this cover if:

    • You are driving a new car
    • Your is an expensive luxury car
    • You live in a densely populated area prone to accidents
    • If you have fitted expensive spare parts in your car
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

HDFC ERGO Car Insurance Contact Details

For any assistance or query, call us on

Car Insurance News

Calculate your Car IDV

Cashless Garages in Popular Cities

CityNo of Garages
View All
#Applicable on non-inspection cases i.e. existing policy has not expired or when buying a policy for a new vehicle.