HDFC ERGO Zero Depreciation Car Insurance

Starting at only ₹6 per Day*

Car Insurance banner image
Enter your details to buy Car Insurance
By proceeding you agree to Terms & Conditions
Proceed without car number
  • compare buy
    Compare and buy at best price
  • instant policy
    Instant Policy Issuance
  • no unwanted calls
    No unwanted calls. We promise!

HDFC ERGO Car Insurance Highlights

HDFC ERGO (Car Insurance)
HDFC ERGO General Insurance Company Ltd. is a joint venture between HDFC Ltd., India’s premier Housing Finance Institution and ERGO International AG. Key highlights of its insurance offering are- • 8562+ network garages • Digital survey for vehicle claims • 96% within one day ""cashless claim settlement"" • Overnight vehicle Repairs (available for cars in 16 cities) • Paperless claim processing
icons
Claim Settlement Ratio
99
icons
Video Claim
Available
icons
Usp
-6800+ private car cashless garages across country -WhatApp and mobile enabled claim intimation -Same day settlement of Reimbursement claims -Overall 89% claims settled within 1 day of last document submission - Accidental repair warranty- Yes, 3 months or 3,000 kms whichever earlier* (* in Select workshops)
icons
close -6800+ private car cashless garages across country -WhatApp and mobile enabled claim intimation -Same day settlement of Reimbursement claims -Overall 89% claims settled within 1 day of last document submission - Accidental repair warranty- Yes, 3 months or 3,000 kms whichever earlier* (* in Select workshops)
icons
Spot Claims
Spot claims upto 20,000 via self survey and upto 50,000 via workshop survey
icons
close Spot claims upto 20,000 via self survey and upto 50,000 via workshop survey
icons
Advance Cash
Advance cash upto 50%

Most of the assets experience devaluation in their value throughout use due to their normal wear and tear. The devaluation of an asset is called depreciation. In the case of cars, depreciation is high despite the best insurance policies you have taken for protection. As a result of this, the coverage against the claim gets lesser year after year. 

To overcome this loss, you must consider buying an HDFC ERGO zero dep car insurance which gives you complete coverage of expenses incurred out of damage despite the devaluation in the car. It gives protection to all your car parts which are made of fiber, plastic, wood, and metal. It may also cover the cost of painting depending upon the policy terms. 

Benefits of HDFC ERGO Zero Depreciation Add-on Cover

You get a bundle of advantages if you buy the HDFC ERGO zero dep car insurance. The benefits include-

  • Enhancement in claim amount- After the basic deduction payable from your end, the claim settlement amount is closest to the overall cost incurred in an accident.
  • Money saver- The HDFC ERGO four-wheeler insurance zero dep is designed to make sure you pay the least cost of repairs and maintenance after the accident occurrence.
  • Overall coverage of repair costs- All the costs related to repair are paid by the HDFC ERGO so that you do not need to worry about expenses.
  • Peace of mind with little extra premium- If you purchase HDFC ERGO zero dep car insurance online, all you are needed to do is pay a little more premium for your insurance. Therefore, you will be at peace of mind and save yourself from a lot of hassles caused by accidents.

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

The comparison chart is as discussed below-

Car AgeDepreciation Rate Without Zero Depreciation CoverDepreciation Rate With Zero Depreciation Cover
0-6 monthsNil0%
6 months-1 year5%0%
1-2 years10%0%
2-3 years15%0%
3-4 years25%0%
4-5 years35%0%
5-10 years40%0%
Above 10 years50%0%
Car PartsDepreciation Rate Without Zero Depreciation CoverDepreciation Rate With Zero Depreciation Cover
Paint Work/ Nylon/ Rubber/ Plastic Parts, Tyires and Tubes, Batteries and Airbags50%0%
Fiberglass portions30%0%
Glass portionsNil0%

What is Included Under HDFC ERGO Four Wheeler Insurance Policy with Zero Depreciation Cover?

  • Partial damages- Damages of tyres, and batteries are protected in a zero dep cover.
  • Replacement and repair- During the claim settlement, any expenses incurred in the replacement and repair of the car's parts will be financed by the zero dep cover.
  • Compensation- Damaged parts like plastic-made parts, fiber parts, and glass parts are covered by the insurance provider.

What is not Included under HDFC ERGO Four Wheeler Insurance Policy with Zero Depreciation Cover?

Unluckily, you won't find the below coverage in an HDFC ERGO four-wheeler zero dep insurance –

  • Costs of oil - A zero dep insurance is not able to cover the costs related to your car's engine oil, coolant, clutch oil, etc.
  • Driving when on intoxication - People who drive under the influence of drugs and alcohol will not get coverage from a zero dep insurance add-on.
  • Old car (more than 5 years) - You cannot obtain zero dep insurance for your car if it is old for more than 5 years.
  • Mechanical/Electrical breakdowns - Normal wear and tear or the mechanical/electrical breakdowns are not eligible for protection from a zero dep insurance.
  • Illegal driving - If you are driving your car without a proper valid driving licence then you won’t be able to get the benefits of a zero dep insurance add-on.

Factors Affecting HDFC ERGO Zero Depreciation Cover

If you buy HDFC ERGO zero dep four-wheeler insurance online then the following factors are going to affect your insurance-

  • Car’s age- The age of your car and its parts are directly proportionate with its zero depreciation add- on. Hence, the age of the car and parts will play an important role while determining the cost of your zero dep cover for your four-wheeler.
  • Car’s model- The car's model and type are one of the major factors in any car insurance policy. The costs of a car's parts will too depend upon its model as a result. Hence, the car's type and model for which you are paying a premium is a major factor while determining the zero depreciation cover cost.
  • Car’s location- The risk associated with every city is different. Hence an insurance cover premium including the extra premium you are paying for zero dep add-on will depend upon the city where your car is being driven.

HDFC ERGO Zero Depreciation Car Insurance FAQs

  • 1. Are there any limits on the number of claims if I buy my HDFC ERGO four-wheeler zero dep online?

    No, number of claims on your zero dep insurance are covered as long as the total amount of claims is less than the sum insured.

  • 2. Is HDFC ERGO zero dep cover only applicable exclusively for new cars?

    Yes, a zero dep cover can be obtained only for a new car or a car less than 5 years old.

  • 3. How much cost is required to obtain a zero dep add-on?

    You need to pay only a few service charges or a base deduction as described in your policy.

  • 4. Can I get a no-claim bonus in HDFC ERGO zero depreciation add-on cover?

    Yes, you are eligible for a no-claim bonus for every claim-free year on an accumulated basis.

  • 5. How can I renew my HDFC ERGO zero dep add-on insurance?

    Follow the steps below-

    • Follow the track of renewal dates
    • Submit the policy details
    • Follow the instructions at HDFC ERGO’s website
    • Pay for the premium
    • Renewal gets started

Recent Articles

View All
https://insurance-blog-cms.paytminsurance.co.in/42_Car_Insurance_How_Safe_Is_Online_Car_Insurance_Renewal_8_1079d28082.jpg

How to Check SBI General Insurance Claim Status?

Have you recently claimed your SBI car insurance policy? If so, you may be wondering how to check the status o...

Read More
https://insurance-blog-cms.paytminsurance.co.in/28_Car_Insurance_Buyin_Car_Insurance_Online_Vs_Offline_3_b8637878ad.jpg

A Guide to Checking HDFC ERGO Car Insurance Claim Status

HDFC ERGO General Insurance Company offers various ways to check comprehensive, third-party, or own-damage car...

Read More
https://insurance-blog-cms.paytminsurance.co.in/28_Car_Insurance_Buyin_Car_Insurance_Online_Vs_Offline_3_b8637878ad.jpg

Convert Your Third Party Car Insurance to Comprehensive Car ...

The comprehensive car insurance policy offers better risk coverage on the road than third-party car insurance....

Read More
https://insurance-blog-cms.paytminsurance.co.in/36_Car_Insurance_Guide_To_Switch_Car_Insurance_Policy_Online_4_99a37fc94d.jpg

Permissible Car Insurance Claims in a Year

In India, having a valid car insurance coverage is obligatory by law. This implies that anybody who owns an au...

Read More
https://insurance-blog-cms.paytminsurance.co.in/50_Car_Insurance_Is_It_Mandatory_To_Buy_Car_Insurance_From_Your_Auto_Dealer_3_02e5be82ee.jpg

Top 10 Small Cars in India – Price, Mileage, Specifications

Check out this list of the best ten smallest cars in India, ranked by features including price, gas economy, a...

Read More
https://insurance-blog-cms.paytminsurance.co.in/68_Car_Insurance_Tips_To_Reduce_Car_Pollution_Level_During_Smog_Season_0f6f2010f2.jpg

Top 10 Most Expensive Cars in India - Prices, Mileage, Specs...

In a way, the most expensive cars are more than just cars; they are a statement of excellence in all aspects. ...

Read More
https://insurance-blog-cms.paytminsurance.co.in/3_Car_Insurance_5_Typesof_Car_Insurance_Coverage_Explained_2_0344bf0b29.jpg

A Guide to Buy the Best CSD Car In 2022

If you have been planning to buy a CSD car in India, read on to know the prices of all the models in the categ...

Read More
https://insurance-blog-cms.paytminsurance.co.in/36_Car_Insurance_Guide_To_Switch_Car_Insurance_Policy_Online_4_99a37fc94d.jpg

A Complete Guide to Different Bharti AXA Car Insurance Plans

One of the leading players in the Indian insurance marketplace, Bharti AXA has a lot to offer when it comes to...

Read More
https://insurance-blog-cms.paytminsurance.co.in/28_Car_Insurance_Buyin_Car_Insurance_Online_Vs_Offline_2_97eccdf120.jpg

Mistakes to Avoid While Renewing Shriram Car Insurance Polic...

Shriram General Insurance, undoubtedly, offers best car insurance policies with attractive renewal features. B...

Read More