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What is HDFC Ergo Zero Depreciation?

Published On Jul 13, 2023, Updated On Jul 26, 2023

What is HDFC Ergo Zero Depreciation?

According to the Motor Vehicles Act of 1988, third-party car insurance is mandatory for all car owners. Owing to the importance of car insurance plans, there are a number of companies in India such as HDFC Ergo car insurance. Along with choosing the right car insurance company, you must select an add-on to enhance the plan benefits. So, in this section below, let’s understand all about HDFC Ergo Zero Depreciation.

What is HDFC Ergo Zero Depreciation?

No matter whether you are buying a new car or a second-hand car, the value of your car is sure to depreciate over time. It is due to reasons like normal wear and tear and other factors that the value of your car depreciates. However, with add-ons like zero depreciation, you can now enhance the value of your car and prevent it from depreciating. 

The HDFC Ergo Zero Depreciation is also called Bumper to Bumper add-on and protects your car’s value against depreciation. This cover is available with HDFC Ergo comprehensive or standalone own-damage car insurance. However, you need to pay an additional premium along with HDFC Ergo zero depreciation add-on. 

Let us also understand zero depreciation with an example. For instance, if you have bought HDFC Ergo zero depreciation cover and your car meets with a road accident that results in damage of Rs. 10,000. Then, in such cases, the car insurance company will pay Rs. 9000 for car insurance claim settlement. It is also important to understand that if you do not have a zero depreciation cover, then the depreciation amount will be deducted when you raise the car insurance claim. 

How is HDFC Ergo Zero Depreciation Determined?

The value of HDFC Ergo zero depreciation is based on a number of factors such as the following:

  • Age: The value of the zero depreciation add-on is directly proportional to the age of the car. This means that the older your car is, the higher will be the zero depreciation value.

  • Model: Depending on the model of the car, the car insurance premium also vary 

  • Geographical location: If you have your car in a location that has higher risks of accidents, riots, and other events that result in damage to the car. Then, in such cases, the zero depreciation will be higher. 

How to Buy Zero Depreciation Add-on with HDFC Ergo?

Listed below are the steps in which you can buy zero depreciation add-on with HDFC Ergo:

  • Go to the HDFC Ergo website and click on car insurance

  • Next, enter the vehicle registration number and then you will be able to view the car insurance quote

  • Select a desired car insurance quote, however, to get a zero depreciation add-on, you must choose zero depreciation

  • Also, provide details like No Claim Bonus and mobile number and email id

  • Then, select zero depreciation add-on and proceed with the payment of HDFC Ergo car insurance premium

  • Once the payment is approved, then you will receive the details on your registered email id

When Will My HDFC Ergo Zero Depreciation Claim Get Rejected?

Some of the events in which your HDFC Ergo zero depreciation claim gets rejected are as follows:

  • If you are driving your car without a valid driving license

  • If you have lost your car keys and have raised a claim

  • If you are riding under the influence of alcohol and raise a car insurance claim

  • If you have not filed any FIR for your car insurance claim

Take Away

So, to prevent your car from depreciation, buy HDFC Ergo zero depreciation online. You can also explore a number of car insurance plans on InsuranceDekho. 

Also read: HDFC Ergo Zero Depreciation


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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