Insurance is like a spare tyre. You may not require it, but not having one is not an option.

Things to know about Bumper to Bumper Car Insurance Policy

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A comprehensive car insurance would seem like the ideal plan that you can opt for. Given that it provides third-party liability coverage, own-damage cover, and protection against fire, theft, vandalism, and the like, the advantages of buying comprehensive insurance are many. However, there are certain exclusions to a comprehensive auto insurance policy that you should be aware of.

In the unsettling event of an accident, it can be quite frustrating to realise that your comprehensive car insurance only covers a part of the expenses. This is because the insurance company does not offer you the entire claim amount. The amount that you are eligible to receive would not include the following:

  • Compulsory Deductibles - A compulsory deductible is a predefined amount that the car insurance provider deducts from your insurance claim.
    • This value depends on various factors, such as the cubic capacity of the engine, age of the vehicle, make and model of the car, etc.
    • Compulsory deductible has no bearing on the car insurance premium of the vehicle.
  • Voluntary Deductibles - At the time of policy purchase, the car owner and the insurance company agree upon the percentage of voluntary deductible under the policy. This is based on the risk bracket under which the car falls and the amount the car owner is able to afford.
    • Effectively, the voluntary deductible is a part of the claim amount that the policyholder pays in the event of a claim.
    • Following the payment of the voluntary deductible, the car insurance kicks in and reimburses the remaining claim amount to the policyholder.
    • Opting for a higher voluntary deductible ensures that your car insurance premium is lower.
    • A confident driver with a good disposable income can opt for a higher voluntary deductible, as this reduces his/her regular premium, providing substantial savings in the long run.
  • Depreciation - Depreciation is the reduction in value of your vehicle over time. The depreciation depends on the age of your car and the wear and tear it suffers. Depreciation is directly proportional to the Insured Declared Value (IDV) of the car, and it hence, affects the insurance premium.

Bumper-to-Bumper Cover:

The regular wear and tear of a vehicle is not covered under a comprehensive car insurance policy. Hence, in the event of a claim, the damage incurred by the vehicle will not be fully compensated by the insurer. Also, consequential damage is not covered under a comprehensive policy. An example of consequential damage is engine damage due to hydrostatic loss. This is effectively an indirect result of a direct loss.

  • When the policyholder raises a claim, the insurance company will apply the depreciation to the damages sustained by the vehicle and decide on the final amount to be paid.
  • The difference between the market cost of the new part and the depreciated value (paid by the insurer) will be borne by the policyholder.
  • It should be noted that the amount corresponding to depreciation can be a substantial percentage of the total claim.
  • The best way in which you can gain immunity from depreciation is by opting for a bumper-to-bumper add-on cover.

This policy, also known as Zero Depreciation cover, offers 100% coverage for all metal, rubber, and fibre parts of the car. There will be no deductions pertaining to depreciation at the time of a claim. However, the policyholder will be required to pay an additional premium to avail the coverage under this rider.

For example, if the workshop charged you Rs.50,000 for the damages incurred by your car in an accident, you may have to pay Rs.25,000-30,000 for the depreciation of the vehicle parts. This is the case when you only have comprehensive car insurance. But, if you have supplemented the comprehensive insurance policy with an add-on Zero Depreciation cover, there will be no deductions on the claim amount based on depreciation.

Why is it so popular?

Zero Depreciation cover is the most popular add-on plan in car insurance. The rider is also referred to as Nil Depreciation cover or Depreciation Waiver policy by different insurers. This rider is particularly beneficial to first-time car owners because it uncomplicates the claim payout process by providing coverage for the depreciation part of the claim as well. Owners of high-end cars are also increasingly opting for this plan, as it offers coverage for the costly components of the vehicle.

Limitations of Zero Depreciation Cover:

Nil Depreciation cover has several limitations. Coverage is not offered under the plan in the following scenarios:

  • Cars that are more than 3 years old.
  • Engine damage due to oil leakage or water ingression.
  • Wear and tear to tyres, bearings, clutch plates, etc.
  • Private vehicle being used for commercial purposes.
  • Claim was not raised within the specified time.
  • Driving under the influence of alcohol or any other intoxicants.
  • Driving without a valid license.
  • Illegal or malicious driving.

Additionally, there are restrictions on the number of claims that will be covered under the rider. It should also be noted that there is a compulsory deductible component to a claim. Irrespective of whether a bumper-to-bumper plan is chosen or not, the policyholder will have to bear the expenses corresponding to this deductible.

In a nutshell, a bumper-to-bumper plan is a useful add-on cover that can be used to enhance the protection you receive from your car insurance plan. You will have to pay an additional premium to benefit from this rider, but it will certainly prove to be useful in the unprecedented event of a claim.

GST Update: GST of 18% is applicable on car insurance effective from the 1st of July, 2017

Claim Reviews

Page 1 of 50 1 2 3 4 5
  • Bajaj Allianz Car Insurance
    "Good to Go with Bajaj"
    0.5 4.0/5 "Great!"
    The conditions and the insured which they are providing is good, I have insured Ford Car with Bajaj Allianz, the premium amount is reasonable but they can reduce it. Its 1.5 year old year but still the insurer providing 24 hours service, cash less garages and they have tie up with many centers, the response is great.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • ICICI Lombard Car Insurance
    "Premium should be standard as per market"
    0.5 4.0/5 "Great!"
    I never used the policy if something happen I claim it, I didn't interact with the customer care but I get the reminder message for car renewal. I have insured my maruthi Suzuki riz with ICICI Lombard, The premium is higher but still they are good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 14, 2019
  • HDFC Ergo Car Insurance
    "Very good"
    0.5 5.0/5 "Blown Away!"
    Even my car was insured with HDFC Ergo. It is a second-end car and have chosen the third party insurance. I have not done any claim so far. The premium is reasonable. It offers bumper to bumper facility and road side assistance. The policy period is 2 years.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 14, 2019
  • Tata AIG Car Insurance
    "Good Insurer"
    0.5 5.0/5 "Blown Away!"
    My financier suggested the Tata Aig general insurance, the premium is economical for the car policy. I have honda amaze car it got insured with them. The insurance company is providing 24 hours service, cash less garages, brake down service for the tenure of four years. On time I got the papers from the Tata Aig.
    Was this review helpful? 1
    , tirupur
    Reviewed on Jan 10, 2019
  • Tata AIG Car Insurance
    "Good Insurer"
    0.5 5.0/5 "Blown Away!"
    My financier suggested the Tata Aig general insurance, the premium is economical for the car policy. I have honda amaze car it got insured with them. The insurance company is providing 24 hours service, cash less garages, brake down service for the tenure of four years. On time I got the papers from the Tata Aig.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 10, 2019
  • National Insurance Car Insurance
    "Excellent Service"
    0.5 5.0/5 "Blown Away!"
    I had taken this Insurance policy for my Maruti Car and i had been paying the premium on an annual basis. The premium amount has not been too high and there has been cash less garages available with this insurance policy. Their customer support has also been helpful at times.
    Was this review helpful? 1
    , pune
    Reviewed on Jan 09, 2019
  • ICICI Lombard Car Insurance
    "Nice Policy"
    0.5 4.0/5 "Great!"
    My car was insured with ICICI Lombard. Last year i have purchased this insurance policy. My wife has referred me about this policy. I pay the premium amount of Rs. 13500. They have given me a convenient IDV value. I had no claim experience so far.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 09, 2019
  • New India Car Insurance
    "Need to improve the service"
    0.5 3.0/5 "Satisfactory"
    I'm not satisfied with the service provided by new India. I have bought the car insurance policy. They closed their branch on every weekends hence its difficult to renew the policy. I have been paying the premium amount of Rs. 14000 which is a competitive price. They have given the IDV value of Rs. 1.50 lakhs.
    Was this review helpful? 0
    , mangalore
    Reviewed on Jan 09, 2019
  • New India Car Insurance
    "Average Car Insurance"
    0.5 3.0/5 "Satisfactory"
    My car insured with the New India Insurance company. I have been renewing the policy with the same company for 3 years. I have paid the premium amount of Rs. 7000 and they have offered me a satisfied coverage value. The documentation process was fine
    Was this review helpful? 0
    , mangalore
    Reviewed on Jan 09, 2019
  • review Car Insurance
    "Its Good"
    0.5 3.5/5 "Pretty good"
    Last year I had car policy with Bharthi axa whenever I try to renew it ask my poliy no, whenever I mention the same, it shows the its incorrect. If I try to reach the customer care its not reachable. I done the claim, some minor damage back side of the car, they have processing fee 1500. Remaining all taken care by the insurer.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 08, 2019
  • ICICI Lombard Car Insurance
    "Great Policy"
    0.5 4.0/5 "Great!"
    ICICI Lombard has a good brand value hence i have selected the car insurance policy with this card and the dealer has also recommended about this policy. I pay the premium amount of Rs. 9000 and this is a 100% coverage with bumper to bumper facility. I'm not sure about the IDV value. Its easy to renew the policy.
    Was this review helpful? 2
    , new delhi
    Reviewed on Jan 08, 2019
  • ICICI Lombard Car Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    Previously my car was insured was with ICICI Lombard and it was offered by the showroom. I got a call from the representative for the policy renewal as reminder. I got the insurance paper. I have not done done a claim. It is a comprehensive with zero dep. The premium was high so changed my insurer.
    Was this review helpful? 1
    , mumbai
    Reviewed on Jan 08, 2019
  • Future Generali Car Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have taken a car insurance from Future Generali through online portal. The premium was reasonable and also they have provide bumper to bumper facility. The policy period is one year. There is no interaction between the customer service. I just gave my car for the claim so no experience.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 08, 2019
  • Oriental Insurance Car Insurance
    "Good insurance company"
    0.5 2.0/5 "Expected more"
    Dealer has referred me about this oriental car insurance when i purchase the vehicle. They have rejected the claim since the copy of FIT is not available. They have given me a coverage value upto Rs. 6 lakhs. For the past 3 years i have been renewed the policy with the same company.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 07, 2019
  • Iffco Tokio Car Insurance
    "Good Policy and you can try"
    0.5 4.0/5 "Great!"
    Two months before, i have taken my car insurance policy with Iffco Tokio. Its a PAN India agreement policy for my Maruti Car. I don't remember about the coverage value. This is a zero depreciation policy. I paid the premium amount of Rs. 6500. I have not seen any add on and cashless garage facility.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 07, 2019
  • Reliance General Car Insurance
    "Its Excellent"
    0.5 4.0/5 "Great!"
    My brother is working with Reliance hence I took my two wheeler policy from this insurance company. I have hyundai accent car, they are providing cash less garages for the damage. I have zero depreciation bumper to bumper policy for the term of one year.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 07, 2019
  • Reliance General Car Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    My car insurance policy was taken with reliance. The dealer has provided me a policy with this policy. This is a 100% coverage value which covers the bumper to bumper facility, They have given me a IDV value of Rs. 11 lakhs. I pay the premium amount of RS. 33000.
    Was this review helpful? 0
    , thane
    Reviewed on Jan 04, 2019
  • HDFC Ergo Car Insurance
    "Good service provider"
    0.5 4.5/5 "Excellent!"
    The reason to avail HDFC Ergo policy, my banker have suggest this insurer for my car. They gave me the best insured value around Rs. 6 lakhs based on the vehicle age. I have Hyundai I20 car, they are providing 24/7 helpline and cashless service.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 04, 2019
  • ICICI Lombard Car Insurance
    "Good Policy to take"
    0.5 3.0/5 "Satisfactory"
    My car was insured with ICICI Lombard. I pay the premium amount of Rs. 22000 and i have been renewing the policy continuously for 2 years. They have provided me a no claim bonus. Its covered with bumper to bumper facility. My dealer has recommended me about this policy when i purchase a car.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 03, 2019
  • Iffco Tokio Car Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have a car insurance with IFFCO TOKYO from last 1 year, there was no claim experience so far with this insurance policy. I pay a premium of Rs 5500 for this car insurance. This is a first party insurance with 0% depreciation and the coverage value is good.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 03, 2019
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