Motor InsuranceCar InsuranceZero Depreciation

Zero Depreciation car insurance

Maximise your claim with Zero Depreciation add-on

Zero Depreciation car insurance
Renew my policy
6500+

6500+

Cashless garages

Jet-speed

Jet-speed

claims

Upto

Upto

50% No Claim Bonus

24/7

24/7

Around the clock assistance

Note: The above data is till 1st April, 2025

Who Should Opt For A Zero Depreciation Car Insurance Add-on Cover?

Costly Spare Parts

Costly Spare Parts

Costly Spare Parts

If your car has expensive spare parts, their high depreciation can result in hefty out-of-pocket expenses. A zero-depreciation policy eliminates this burden by covering the full repair cost.

For New Drivers

For New Drivers

For New Drivers

Inexperienced drivers are more likely to face accidents, resulting in frequent repairs or part replacements. A zero-depreciation insurance policy can help you recover the full repair cost, saving you from unexpected financial strain.

Driving in Risky Areas

Driving in Risky Areas

Driving in Risky Areas

If you often drive in accident-prone regions, the likelihood of damage and repair costs increases. Investing in zero dep insurance ensures you won’t bear the brunt of such expenses from your pocket.

Costly Spare Parts

Costly Spare Parts

Costly Spare Parts

If your car has expensive spare parts, their high depreciation can result in hefty out-of-pocket expenses. A zero-depreciation policy eliminates this burden by covering the full repair cost.

For New Drivers

For New Drivers

For New Drivers

Inexperienced drivers are more likely to face accidents, resulting in frequent repairs or part replacements. A zero-depreciation insurance policy can help you recover the full repair cost, saving you from unexpected financial strain.

Driving in Risky Areas

Driving in Risky Areas

Driving in Risky Areas

If you often drive in accident-prone regions, the likelihood of damage and repair costs increases. Investing in zero dep insurance ensures you won’t bear the brunt of such expenses from your pocket.

Key Benefits of Adding Zero Depreciation Car Insurance to Your Policy

Higher claim payouts

Higher claim payouts

Higher claim payouts

Parts* are replaced or repaired at full invoice cost. You pay only the standard deductible; depreciation or salvage deductions (if any) are determined by the surveyor as per policy terms. Disclaimer: Subject to policy terms, exclusions, and claim limits.
Lower out-of-pocket expense

Lower out-of-pocket expense

Lower out-of-pocket expense

You pay significantly less at the workshop, as the insurer covers the depreciable portion.
Better protection for new cars

Better protection for new cars

Better protection for new cars

New vehicles face expensive parts replacement. Zero dep preserves the real value of claims.
Peace of mind

Peace of mind

Peace of mind

Less financial stress after accidents; you get quicker, fuller settlements.
Affordable premium uplift

Affordable premium uplift

Affordable premium uplift

The additional premium for zero depreciation is relatively small compared to the benefit you receive at the time of a claim.
Works with multiple add-ons

Works with multiple add-ons

Works with multiple add-ons

Can be combined with other useful covers (engine protect, consumables) for broader protection.
Higher claim payouts

Higher claim payouts

Higher claim payouts

Parts* are replaced or repaired at full invoice cost. You pay only the standard deductible; depreciation or salvage deductions (if any) are determined by the surveyor as per policy terms. Disclaimer: Subject to policy terms, exclusions, and claim limits.
Lower out-of-pocket expense

Lower out-of-pocket expense

Lower out-of-pocket expense

You pay significantly less at the workshop, as the insurer covers the depreciable portion.
Better protection for new cars

Better protection for new cars

Better protection for new cars

New vehicles face expensive parts replacement. Zero dep preserves the real value of claims.
Peace of mind

Peace of mind

Peace of mind

Less financial stress after accidents; you get quicker, fuller settlements.
Affordable premium uplift

Affordable premium uplift

Affordable premium uplift

The additional premium for zero depreciation is relatively small compared to the benefit you receive at the time of a claim.
Works with multiple add-ons

Works with multiple add-ons

Works with multiple add-ons

Can be combined with other useful covers (engine protect, consumables) for broader protection.

How to Get Zero Depreciation Car Insurance Online?

1

Click on the "Get a Car Insurance Quote" button on the Zurich Kotak Car Insurance Page

2

Fill in your car details such as registration number, model, make etc.

3

Fill in you personal details and make the payment online.

How to download your policy copy

Losing your zero depreciation car insurance policy may lead you to pay heavy fines, although you have one. But now, you can immediately download your zero depreciation car insurance policy copy from our website.
1

Click on the link

2

Enter your policy number

3

Enter your registered mobile number Or your registered email Id

4

Click on Get OTP

5

Type the OTP and click on download car insurance policy document

Zero depreciation cover claim settlement at Zurich Kotak General Insurance

1
Call us on 1800-2120 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.
2
Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.
3
You will be required to submit the relevant documents, which may include your Driving License, RC Copy, and Policy FIR Copy, in accordance with the Policy terms and conditions.
4
An arrangement will be made by us for an inspection, it will be conducted within 24 hours if a claim is reported on a working day, or the next working day if the claim is reported on a Sunday or a public holiday.
5
On cashless facility confirmation, the vehicle can be repaired at a preferred network garage, on payment made directly to the garage.
6
You will only be required to pay the deductible as mentioned in the policy, and the depreciation value, salvage, etc., as informed by the surveyor.

Cashless garages near you

Buying a car insurance gives access to cashless network garages which provides convenience and hassle-free car repairs covered by Zurich Kotak General Insurance without the need for upfront payment.

Zero Depreciation car insurance vs comprehensive car insurance

Parameter

Zero Depreciation Car Insurance

Comprehensive Car Insurance

Meaning

An add-on cover with a Comprehensive Policy that prevents the insurer from deducting depreciation on car parts during claims.

A bundled policy including Third-party and Own Damage cover, but depreciation is deducted during claim settlements.

Premium

Slightly higher premium compared to comprehensive coverage due to enhanced claim benefits.

Lower premium compared to zero dep insurance, as it does not include zero depreciation benefits.

Eligible Car Age

Typically available for vehicles up to 5 years old.

Available for all vehicles up to 15 years old, depending on the insurer’s terms.

Depreciation Factor

Depreciation on parts is not deducted during claim settlement (except for mandatory deductibles).

Depreciation is applied on replaced or repaired parts, reducing the claim amount.

Savings

Lower out-of-pocket expenses during repairs; ideal for minimising personal expenses post-accident.

Saves on premium initially, but may lead to higher expenses during claim settlements.

Depreciation rates in car insurance

Depreciation in car insurance reduces the claim amount as your vehicle ages, making it essential to understand how rates impact your coverage and out-of-pocket costs. To ensure transparency, IRDAI has established specific depreciation rates for car parts to calculate claims under standard car insurance policies. Here’s a quick breakdown:

Rate of Depreciation for All Parts Approved by IRDAI

CAR PARTS

RATE OF DEPRECIATION

Rubber, Plastic, and Nylon Parts

50% depreciation applies

Glass Parts

No depreciation is applied—100% of the cost is covered.

Fiberglass Parts

30% depreciation

Rate of Depreciation in Vehicles: Metallic Parts

AGE OF CAR

RATE OF DEPRECIATION

Less Than 6 Months

5%

More Than 6 Months to 1 Year

10%

More Than 1 Year to 2 Years

20%

More Than 2 Years to 3 Years

30%

More Than 3 Years to 4 Years

40%

4+ years

50%

How Nil Dep Insurance Works During a Claim?

Zero Depreciation Car Insurance covers the full cost of repairing or replacing parts without deducting depreciation. Usually, we reduce claim payouts by factoring in the wear and tear value of parts. With Zurich Kotak’s Zero Depreciation cover, you only pay the standard deductible, while the insurer covers the rest.

For Example:

●        Without zero depreciation: Repair cost Rs. 8,000, 40% depreciation + Rs. 1,200 deductible, you pay Rs. 4,400.

●        With zero depreciation: Repair cost Rs. 8,000, no depreciation deduction, only Rs. 1,200 deductible, you pay Rs. 1,200.

This add-on maximises your claim payout and reduces your out-of-pocket repair expenses. This cover is ideal for new and luxury cars, providing protection usually up to 5 years (subject to policy terms).

Frequently Asked Questions

Questions you may have about Zurich Kotak General Insurance

Zero dep cover is an extremely useful add-on. It ensures you get higher payouts in case of a claim and ensures that repair costs do not burn a hole in your pocket.

Yes, bumper-to-bumper and zero depreciation are often used interchangeably, but they are not exactly the same. Bumper-to-bumper refers to comprehensive vehicle damage coverage, while zero depreciation is an add-on that eliminates depreciation deductions during claim settlement. With Zurich Kotak's zero depreciation add-on, you receive full reimbursement for eligible parts without depreciation deductions.

Usually, the zero depreciation add-on is available for cars up to 5 years old. The availability and premium might vary based on the car’s age and model. It is best to check the specific policy details for age limits and coverage. This add-on helps cover the full claim amount without deducting depreciation on parts during the repair process.

A zero dep car insurance gives coverage for the depreciable parts in case of an accident or theft. Usually, insurers deduct the car's depreciating value from the claim amount when settling the claim.

Own damage insurance vs zero depreciation car insurance. You can get car insurance coverage for own damage only if you buy a Comprehensive Plan. On the other hand, you need to separately buy the Zero Depreciation car insurance add-on to get coverage against depreciation on the vehicle

A zero depreciation policy is usually not available as a standalone policy, but rather as an add-on cover. You may not be able to buy it separately or with a third-party liability policy alone. Instead, you can add it to your comprehensive coverage.

The number of claims allowed varies by policy. Refer to your Zurich Kotak General Insurance policy document for specific details.

No, it generally does not include engine damages, tyre wear and tear, or consumables unless bundled with additional covers.

Yes, the premium for this cover is slightly higher, but it reduces financial liabilities significantly during claims.

You can include it as an add-on while purchasing or renewing your Zurich Kotak car insurance policy.

Yes, regular wear and tear, mechanical breakdowns, and damage due to uninsured risks are not covered.

Yes, you can opt for it at the time of renewal, subject to policy terms and your car’s eligibility.