Q1. What is covered in the SBI zero depreciation car insurance?

Ans: SBI zero dep add-on, offers 100% coverage to all the metal, rubber and fibre parts of the insured vehicle without any deductions on vehicle depreciation.

Q2. Which factors affect the zero depreciation car insurance policy premium?

Ans: The premium for nil depreciation vehicle insurance is based on the vehicle's age, make/model, IDV (Insured Declared Value), and the location where you reside.

Q3. How to get a quote on SBI car insurance with a zero-dep add-on?

Ans: Simply visit Policybazaar.com and go to the âCar insuranceâ section. Once you input your car number and its details, you will get quotes on a zero dep car insurance policy.

Q4. If my car's tyres and tubes get damaged in an accident, will SBI General zero dep car insurance cover that?

Ans: If, in an unfortunate accident, your insured vehicle's tyres or tubes sustain damage, SBI General Insurance Company will only cover 50% of the replacement costs. However, you can opt for a 'Tyre Protect' add-on while buying your four-wheeler insurance to claim 100% amount for tyre/tube replacement.

Popular models

Other models

All Variants
Manual
Automatic

Popular variants

Other variants

We don’t spam

View Prices

By clicking on “View Prices”, you agree to receive assistance and agree to our Privacy Policy & Terms of Use

SBI Zero Depreciation Car Insurance

SBI zero depreciation car insurance is a valuable cover to reduce your expenses in the event of accidental damages sustained by your car. This add-on, offered by SBI General Insurance Company Limited alongside their comprehensive car insurance policy, ensures hassle-free vehicle repairs or parts replacement without depreciation costs.

Benefits of SBI Zero Depreciation Car Insurance

A standard car insurance policy considers the depreciation costs of your vehicle and deducts them during claim settlement. To avoid this, you can opt for an SBI depreciation reimbursement or zero depreciation add-on while buying your regular policy. Here are some benefits you will avail:

Enhanced Protection: With the SBI nil dep add-on, you get exhaustive coverage of several car parts without any depreciation in the event your car is involved in an unforeseen accident.
Effortless Claims: The claim process for SBI General zero depreciation car insurance is smooth and efficient. The company handles claims quickly and provides timely settlements.
Reduced Expenditures: In comparison with a comprehensive car insurance policy, with the SBI zero depreciation car insurance add-on, you can claim the entire amount of your vehicle repair (on applicable parts) , resulting in minimum expenses during vehicle repair.

Explore More Under SBI

How to Buy SBI General Zero Depreciation Add-on Cover?

It is an easy and quick process to buy car insurance online with a nil depreciation add-on. Here are the steps to do so:

Select 'Car Insurance' on the homepage of Policybazaar.com.
Input your car's registration number on the given form and select its make, model, variant, registration year, etc.
Now, from the list of different motor insurance plans, choose SBI car insurance.
Under the 'Add-ons' section, add the 'Zero Depreciation cover'.
Now, you will see the updated premium of your four-wheeler insurance.
You can pay the premium online through debit/credit cards, net banking, or UPI.
After successful payment, you will instantly receive your policy documents in your registered email.

SBI Zero Depreciation Car Insurance Claim Process

You can quickly register a claim against your SBI zero dep car insurance by following these steps:

The first step is to get in touch with the insurer and provide information about the accident and damages caused to your vehicle.
Your insurer will then appoint a surveyor to inspect the vehicle and estimate the damage repair costs.
You need to submit the required documents to the surveyor for claim verification.
After inspection, your vehicle will be sent for service insurer's authorised network garages.
After repairs, your insurance company will settle the claim with the garage by paying the entire amount without deducting depreciation costs.

Documents Required for a SBI General Zero Depreciation Car Insurance Claim

Listed below are the documents you need to file a claim against your zero dep motor insurance policy:

Registration certificate of the insured car
Pan Card/Form 60 of the policyholder
Driving licence of the owner/drive
Copy of your vehicle insurance policy
Duly filled and signed claim form
Estimate of repairs
Original repair bills
Police FIR(if applicable)
Cancelled cheque (if there's reimbursement settlement)

FAQs

Q1. What is covered in the SBI zero depreciation car insurance?

Ans: SBI zero dep add-on, offers 100% coverage to all the metal, rubber and fibre parts of the insured vehicle without any deductions on vehicle depreciation.
Q2. Which factors affect the zero depreciation car insurance policy premium?

Ans: The premium for nil depreciation vehicle insurance is based on the vehicle's age, make/model, IDV (Insured Declared Value), and the location where you reside.
Q3. How to get a quote on SBI car insurance with a zero-dep add-on?

Ans: Simply visit Policybazaar.com and go to the ‘Car insurance’ section. Once you input your car number and its details, you will get quotes on a zero dep car insurance policy.
Q4. If my car's tyres and tubes get damaged in an accident, will SBI General zero dep car insurance cover that?

Ans: If, in an unfortunate accident, your insured vehicle's tyres or tubes sustain damage, SBI General Insurance Company will only cover 50% of the replacement costs. However, you can opt for a 'Tyre Protect' add-on while buying your four-wheeler insurance to claim 100% amount for tyre/tube replacement.

Explore More Under Car Insurance

Car zero Depreciation Insurers

Bajaj Zero Depreciation Car Insurance

Chola MS Zero Depreciation Car Insurance

Digit Zero Depreciation Car Insurance

Generali Central Zero Depreciation Car Insurance

HDFC Ergo Zero Depreciation Car Insurance

ICICI Lombard Zero Depreciation Car Insurance

IFFCO Tokio Zero Depreciation Car Insurance

IndusInd Zero Depreciation Car Insurance

Expand

Car Insurance Companies

Bajaj Car Insurance

Chola MS Car Insurance

Digit Car Insurance

Generali Central Car Insurance

HDFC Ergo Car Insurance

ICICI Lombard Car Insurance

IFFCO Tokio Car Insurance

IndusInd General Car Insurance

Liberty Car Insurance

Magma Car Insurance

National Car Insurance

New India Assurance Car Insurance

Oriental Car Insurance

Raheja QBE Car Insurance

Royal Sundaram Car Insurance

SBI Car Insurance

Shriram Car Insurance

Tata AIG Car Insurance

United India Car Insurance

Universal Sompo Car Insurance

ZUNO Car Insurance

Zurich Kotak Car Insurance

View more insurers

Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in