Zero Depreciation Car Insurance

Limit your speed, not your car insurance

Get your car insuredNOW

+91

Buy online to avail 5% discount on policy premium

Renew your car insurancesuper quick
+91
image

Instant policy with zero paper-work

image

Quick and hassle-free claim process

image

4/5

We take your safety seriously

image

4200+

Cashless Garages

image

Jet-Speed

Claims

image

Upto 50%

No Claim Bonus

image

98.31%

Claim Settlement Ratio

image

24/7

Around The Clock Assistance

Note: The above data is till 1st April, 2024

What is Zero depreciation?

Purchasing a car is a significant financial investment, and it's only natural that you want to protect it against any potential risks and damages. Car insurance plays a crucial role in this protection, offering coverage for accidents, theft and damages but one important aspect of car insurance coverage that every car owner should consider is the option of zero depreciation.

Zero depreciation, also known as "zero dep", is an add-on feature offered in car insurance policies. In traditional car insurance policies, the depreciation amount was deducted at the time of claim settlement. However, with zero depreciation coverage, you can enjoy a higher claim payout without considering the depreciation factor. It provides comprehensive coverage for your vehicle without factoring in the depreciation value.

Zero depreciation coverage ensures that the full cost of replacing damaged car parts is reimbursed with new ones during a claim settlement. With zero depreciation coverage, you can avoid bearing the depreciation cost and receive a higher claim payout. Typically, car parts undergo depreciation over time due to wear and tear, reducing their value.

image

Get Quick Supportimage

Do you have any queries on Insurance?
I’m here to help.
Do you have any doubts after knowing your
premium? I'm here to help.
image

Hi there, how can we help you?

I wanna know about my premium

How does zero depreciation coverage work?

Suppose you have a zero depreciation add-on and your car sustains damage in an accident. In a regular policy, Kotak general insurance would consider the depreciation factor while calculating the claim amount. However, with zero depreciation coverage, kotak general insurance will cover the entire cost of replacing damaged parts with new ones, regardless of their depreciation value. This means you will receive a higher claim settlement amount.

For instance, if you have zero depreciation coverage and your car requires a part replacement that costs Rs. 1,000, a standard policy might deduct 20% depreciation, leaving you with Rs. 800 and the remaining Rs. 200 as your responsibility. With zero depreciation coverage, the insurance company covers the entire Rs. 1,000 repair cost.

However, it's important to note that zero depreciation coverage usually comes with a slightly higher premium than a standard policy. Additionally, there might be limitations on the age of the vehicle or a cap on the number of zero depreciation claims you can make within a specific timeframe.

Steps to buy car insurance online from Kotak

Hassle-free insurance at your fingertips with our easy and fast online processimage

Get All-round protection for your precious vehicle in a few steps. We at Kotak General Insurance understand the value of your time and have simplified the car insurance buying process to a few simple steps.

image

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

image

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

image

Fill in you personal details and make the payment online.

How to get an online quote for car insurance

See how simple it is to get a car insurance quote with usimage

image
image

Visit kotak general insurance website

image

Log in to your Kotak general insurance profile using the OTP sent to your mobile number

image

Fill in your details such as car registration number, mobile number and email id (optional).

image

Click on the "Get A Quick Quote" button on the Kotak Car Insurance Page and review coverage

How to buy insurance for a new car

We'll walk you through buying insurance for your new carimage

image

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

image

Fill in the required details such as registration number, model, make, etc.

image

Fill in you personal details and make the payment online.

image
Product Brochure
Download Nowimage
image
Policy Wording
Download Nowimage

Cut the wait time

We process your claim @ Jet-speedimage
image

Intimate Claim

image

Quick Verification

image

Instant Settlement

Know More

Kotak Car Insurance Reviews & Ratings

Look what they have to say

Kotak Car Insurance Reviews & Ratings

Look what they have to say

We are very happy if you are satisfied with our service and products. Let's read pure reviews from customers who bought our products.

imageimageimageimage
image
Car Insurance

Entire process starting from claim registration to the completion was very speedy and smooth. After claim registration I did not need to talk or remind the company. It was my first experience of its kind which I felt wonderful. Thanks Kotak General Insurance!

image
Car Insurance

The overall process was very smooth and professional. Minimal documentation and process. Liked the Professionalism and proactiveness of the employees in Kotak. Thanks for the support.

image
Car Insurance

Very satisfying first experience with Kotak. Likely to renew the policy with Kotak.

Steps to renew car insurance policy online from Kotak

Follow these quick steps to renew your car insurance policy and keep your car protected alwaysimage

Your car insurance is just a click away. Visit the Kotak Car insurance page to get your car insurance quote.

image
image

Visit https:www.kotakgeneral.com/renewal and choose the car insurance policy that you want to renew

image

Enter your policy number and mobile number and click on ‘Submit’.

image

Your policy number will be verified and you will be able to check the details of your existing policy. You can continue to renew renew the existing policy or make changes.Your policy number will be verified and you will be able to check the details of you

image

Pay the renewal premium and your policy will be done instantly!

How to file a car insurance claim at Kotak

Filing a claim has never been this easy – we made sure of itimage

image
image

Call us on 1800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

image

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

image

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.

image

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.

image

On cashless facility confirmation, the vehicle can be repaired at a preferred network garage, on payment made directly to the garage.

image

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.

image
image

Call us on 1800 266 4545 (8 a.m. – 8 p.m.) and intimate us about your claim with the details of your policy.

image

Once your claim is registered, our customer support executive will provide you with a Claim Reference Number.

image

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.

image

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.

image

The vehicle can then be repaired by the insurer followed by the payment for the same by the insurer.

image

Submit all bills, payment receipt along with your policy details to us, and we will make the payment within 7 working days of completion of the documentation

List of documents required for filing a car insurance claim

Get familiar with the documents needed for speedy claim processimage

Documents required for car insurance claim

To raise a motor insurance claim under different situations mentioned above, you will require the following documents.

image

Registration Certificate (RC) Copy

image

Policy Copy

image

Policy holder's valid ID proof

image

Drivers Driving license

image

FIR Copy (In case of theft and TP claim)

image

Duly filled Claim form

image

Any further requirements will be conveyed basis inspection

image

How to download Your policy copy

Here is your step-by-step guide to access your policy copyimage

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

image

Enter your policy number

image

Enter your registered mobile number Or your registered email Id

image

Click on Get OTP

image

Type the OTP and click on download car insurance policy document

Kotak General Insurance cashless network garages

Our cashless network garages makes roadside assistance a sleek experience at the time of uncertaintyimage

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

Need Help? Head over to our learning centre

  • image

    Car Insurance

    Important Traffic Rules To Follow To Ensure Safety While Driving

    Learn moreimage
  • image

    Car Insurance

    Questions Regarding Motor Insurance Policies

    Learn moreimage
  • image

    Car Insurance

    What is Anti Theft Device and its Impact on Car Insurance Premium

    Learn moreimage

RTO- Regional Transport Office

Your guide to RTO offices. Get insights into different locationsimage

RTO stands for Regional Transport Office and is a government body responsible for vehicle registration and issuance of driver’s licenses. Also, the RTO in each state is responsible for maintaining the database of its drivers and vehicles.

Car insurance for your favorite brands

We've got you covered with car insurance for your favorite brandsimage

Important Blogs about Car Insurance

Your car deserves the best insuranceimage

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.

No, bumper-to-bumper cover and zero depreciation cover in car insurance are not different. These are just different names for the same car insurance add-on cover. This add-on protects you from the depreciation value of your insured car.

Generally, the zero-depreciation add-on is no longer applicable after the age of the car passes five years. Though some insurers do offer the benefit for up to the age of seven years. However, there is no general rule fixed on limitation of such cover.

Cost of oil, such as gear oil, clutch oil, brake oil, engine oil, coolant, etc. are not covered. Compulsory deductibles are not covered under a zero depreciation plan.

A zero depreciation 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.

imageimage
image

"Always by your side. Keeping you safe"