Zero Depreciation Bike Insurance

Imagine if there was something that could ensure that the things dearest to us always stayed as good as new. Of course, magic doesn’t exist, but in comprehensive bike insurance, we have something called the zero depreciation cover, and that kind of aims to do something like that. Read more... To keep your bike as good as new, as young as it was when you just got it. Think of it as your bike’s very own anti-aging cream. Don’t get it? Hang on, we’ll explain. Read less

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What is Zero Depreciation Bike Insurance Add-on?

Zero Dep insurance for bike add-on cover, also known as bumper-to-bumper or nil depreciation cover, available with a comprehensive or own damage insurance policy, ensures that you get the complete claim amount. If you have this add-on cover, the insurer will not deduct the depreciation amount on the assessed two-wheeler parts as per the policy document, so in simple words, your bike will remain as good as new. However, remember that the zero-dep bike insurance benefits can only be utilized up to a specified number of times during the policy period.

Is Zero Depreciation a Policy Type or an Add-on?

Zero dep is an add-cover that can be purchased with comprehensive and own damage bike insurance policy, rather than a standalone policy type. It allows policyholders to claim the full cost of depreciated parts of a two-wheeler.

What Depreciation Means in Bike Insurance?

Depreciation in bike insurance comes into play when you make a claim for damage to your two-wheeler. It refers to the decrease in the market value of a two-wheeler over time due to its natural wear and tear. Thus, the older your bike, the higher its depreciation, implying that the owner will have to bear the cost of depreciation. So, if your bike was worth ₹1 lakh when it was new, after 2 years, its worth will reduce to ₹70,000. This implies that you suffered a depreciation of ₹30,000 on the bike.

Is Zero Depreciation Add-on Cover Available for All Types of Vehicles?

Zero-dep bike insurance is available for most types of vehicles; however, it comes with certain conditions. Most insurers do not offer a zero depreciation add-on for vehicles older than 5 years, as depreciation is more significant in older vehicles.

Check: Use the Bike Insurance Calculator to calculate the premium with different add-ons.

Depreciation Rate Applicable for Two-Wheeler Based on Vehicle Age

Age of Vehicle	% of Depreciation
Not Exceeding 6 months	5%
Exceeding 6 months but not exceeding 1 year	15%
Exceeding 1 year but not exceeding 2 years	20%
Exceeding 2 years but not exceeding 3 years	30%
Exceeding 3 years but not exceeding 4 years	40%
Exceeding 4 years but not exceeding 5 years	50%

Depreciation Rates Applicable for Different Parts of Two-Wheelers

Bike components	Depreciation applicable (in percentage)
Nylon/rubber/tyres and tubes/plastic parts /batteries	50%
Fibre glass materials	30%
All other parts made of glass	Nil

Why Choose Zero-Depreciation Bike Insurance by Digit?

Your zero-dep bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement

Cashless Repairs

9000+ Cashless Network Garages for you to choose from across India

Smartphone-Enabled Self Inspection

Quick and paperless claims through Smartphone enabled processes that make you go "That's it?"

Super-Fast Claims

We’ve settled 96% of all two-wheeler claims! Experience claims that make you go “that’s it?”

Customize Your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 call facility even on National Holidays

Complimentary Wellness Benefits

Get exclusive wellness benefits on the Digit App offered by top-rated health and wellness partners.

Disclaimer: The total number of vehicles covered, claims settled and amount paid in claims is for two-wheeler policies since inception till 31st December-2024. 96% claims settled for Overall Motor line of business of Digit. CSR Is calculated for FY 24-25. CSR Ratio is count of (Claims paid + Claims Closed) / (Claims O/S at Start + Claims Reported - Claims O/S at End). 9000+ cashless garage network count as of 31st March-2025. This total policies sold count is for two wheeler policies sold since inception till 31st March-2025.

What are the Types of Two-Wheeler Insurance Policies?

Third-Party

Third-party bike insurance is mandatory by law and only covers damages or injuries caused to other people, vehicles, or property in an accident involving your two-wheeler.

Comprehensive

A comprehensive bike insurance policy provides complete protection by covering both third-party liabilities and damage to your own two-wheeler resulting from accidents, theft, fire, or natural disasters.

Own Damage

An own damage bike insurance policy covers only your two-wheeler against own damage or loss from accidents, theft, fire, and natural calamities, and it does not include third-party coverage.

Third Party

Comprehensive

Own Damage

Damages/Losses to own two-wheeler due to an accident	×	✔	✔
Damages/Losses to own two-wheeler in case of fire	×	✔	✔
Damages/Losses to own two-wheeler in case of a natural calamity	×	✔	✔
Damages to Third-Party Vehicle	✔	✔	×
Damages to Third-Party Property	✔	✔	×
Personal Accident Cover	✔	✔	×
Injuries/Death of a Third-Party Person	✔	✔	×
Theft of your scooter or bike	×	✔	✔
Customize your IDV	×	✔	✔
Extra protection with customized add-ons	×	✔	✔

Know more about the difference between comprehensive and third party two wheeler insurance

What's Covered Under Zero Depreciation Add-on Cover?

Following things are covered under zero depreciation add-on cover:

Compensation for depreciable bike parts i.e. nylon, rubber, fiberglass and plastic parts at the time of claim settlement.
Your zero-depreciation cover is applicable on all your bike insurance claims, as long as your bike insurance is valid.
The number of claims allowed under zero dep bike insurance vary based on the insurance company.

What's Not Covered?

Under the Zero Depreciation add-on cover, certain things in addition to the general exclusions listed under two-wheeler insurance are not covered, such as:

If the bike insurance policy has expired.
If the damage caused to the two-wheeler can’t be inspected before it is repaired, the claim will not be filed.
Loss claimed for damage caused to the covered vehicle under different types of insurance policies.
A claim will not be payable under the Zero Depreciation add-on if it is not covered under the OD section of the policy.
If there is a delay of more than 30 days since the damage was caused.
Zero-dep insurance for a bike is not applicable to parts like the battery and tyres of the insured vehicle as per the policy.
Damage caused due to mechanical faults.

Which Add-ons to Buy with Zero Depreciation Cover?

Along with opting for zero dep bike insurance cover, the following add-ons are also recommended to enhance your two-wheeler insurance coverage:

Bike Insurance with Zero Depreciation vs without Zero Depreciation

Parameters	Bike Insurance with Zero Dep Cover	Bike Insurance without Zero Dep Cover
Premium	The amount is higher as depreciation is not considered at the time of claim payment.	The amount is lower because the two-wheeler and its parts' depreciation is calculated too.
Depreciation on parts	Covered	Not Covered
Age of two-wheeler	With this addon, the age of your two-wheeler doesn’t have any impact as depreciation isn’t accounted for.	Depreciation is based on how old your two-wheeler is.
Cost of Damage	Your insurance company is responsible for paying the depreciated cost of bike parts.	You are responsible for paying the depreciated cost of bike parts.

Who Should Buy Zero Depreciation Bike Insurance Cover?

New Rider in Accident-Prone Area

Perfectionist Rider

Luxury Bike Owner

New Bike Owner

Daily Commuter in Risky Zones

Budget-Conscious Rider

Aarav, 25 Year Old Male (Recently Learned to Ride, Lives in a Busy City)

Learning to ride a bike is exciting, but it also comes with its share of risks—especially if you live in an accident-prone area. A comprehensive two-wheeler insurance policy is highly recommended in such cases. It not only covers third-party liabilities but also protects your own vehicle from damages due to accidents, theft, or natural calamities. Add-ons like Zero Depreciation Cover and Roadside Assistance can be extremely helpful for new riders navigating unpredictable roads.

Sneha, 30 Year Old Female (Hates Dents and Scratches on Her Bike)

If you can’t stand even the tiniest dent or scratch on your two-wheeler, then a standard insurance policy might not be enough. A comprehensive plan with add-ons like Cosmetic Damage Cover, Zero Depreciation, and Engine Protection will ensure your bike stays in pristine condition. These add-ons help reduce out-of-pocket expenses and maintain the aesthetic and functional value of your vehicle.

Karan, 32 Year Old Male (Owns a High-End Sports Bike with Expensive Parts)

Owning a luxury or high-performance bike is a dream come true, but it also means higher repair and replacement costs. A comprehensive insurance policy with premium add-ons such as Return to Invoice, Engine Protection, and Consumables Cover is ideal. These add-ons ensure that in case of theft or total loss, you’re not left bearing a huge financial burden.

Meera, 27 Year Old Female (Recently Bought a Brand-New Bike)

If your two-wheeler is less than 5 years old, it’s wise to invest in a comprehensive insurance policy. New bikes are more vulnerable to theft and damage, and repairs can be costly. Add-ons like Zero Depreciation and Return to Invoice can help you recover the full value of your bike in case of a major mishap.

Ravi, 29 Year Old Male (Rides Through Congested and Accident-Prone Areas Daily)

Frequent riding in high-risk zones increases the chances of accidents and minor damages. A comprehensive insurance policy with add-ons like Roadside Assistance and Engine Protection ensures you're not left stranded or burdened with repair costs. It’s a smart way to stay protected while navigating busy roads.

Anjali, 31 Year Old Female (Wants to Minimize Out-of-Pocket Expenses)

If you prefer financial peace of mind, a comprehensive insurance policy with the right add-ons can significantly reduce your out-of-pocket expenses. Covers like Zero Depreciation, Engine Protection, and Consumables ensure that most repair and replacement costs are taken care of by your insurer.

What is the Cost of Zero Depreciation Add-on?

The cost of zero-dep bike insurance cover depends on various factors such as the two-wheeler's make and model, policy premium, age of the vehicle, depreciation on bike parts, etc.

The cost of zero dep in bike insurance makes sense only if your vehicle is comparatively new or has expensive bike parts, as then you get back the cost of depreciation on your bike parts. However, if the two-wheeler is older than 5 years, spending extra on zero-dep add-on cover may not be a good decision.

How to Buy Zero-Depreciation Bike Insurance with Digit?

Enter Bike Details

On the Digit App or website, enter your bike’s registration number and click on view prices.

Choose the Plan

Select the Comprehensive Bike Insurance plan and choose the zero-dep add-on.

Enter Personal & Nominee Details

Enter your personal, nominee and vehicle details, and start the payment..

Complete Payment & KYC

Complete the payment and mandatory KYC verification process. Once completed, the policy will be issued and available in Digit App.

Things to Remember about Zero Depreciation Insurance

Zero dep insurance for bike add-on cover will not be valid once you have claimed for the specified number of times as mentioned in the policy document.
The add-on covers only the cost of your two-wheeler's part depreciation at the time of filing claim and doesn’t cover your compulsory deductibles.
Claims made by the insured under zero depreciation bike insurance add-on are subject to the terms and conditions of your two-wheeler insurance policy.

Thus, you can enhance the benefits of your standard two-wheeler insurance policy by opting for zero depreciation add-on cover, as it will help you get the full claim amount without considering the cost of depreciation.

What are the Benefits of Zero Depreciation Bike Insurance?

Here's why you should get zero dep bike insurance add-on:

It helps you maximize your savings during bike insurance claims, as you won’t be spending much from your pocket.
You get the benefit of getting the full claim amount (after compulsory deductions), since your insurer will no longer subtract your depreciation from your claim amount.
The add-on acts as a layer of protection for your new bike and its expensive spare parts.
It acts as an enhanced financial protection cover on your existing bike insurance policy.

FAQs about Zero Depreciation Bike Insurance

All

What factors affect the zero dep cover premium?

Several factors affect your Zero Dep premium including the age of your vehicle, the make and model, and the location where you are based.

How much does zero dep bike insurance cost?

The premium varies depending on different factors like the vehicle's make and model, age, location, IDV, your insurer, and insurance plan chosen.

Is the zero-depreciation add-on useful for a new bike owner?

Yes, the zero-depreciation cover is extremely useful if your bike is new, or less than five years old. Know more about New bike insurance.

Is the zero-depreciation cover for bike insurance useful for an old bike owner?

This depends on how old your bike is! We wouldn’t recommend opting for a zero-depreciation cover if your bike is close to, or more than five years old. Know more about Old bike insurance.

What are the conditions for availing the zero-depreciation bike insurance cover?

The only conditions are, you can only opt for it in a comprehensive bike insurance policy and only if your bike is less than five years old.

What is the difference between comprehensive and zero dep bike insurance?

Comprehensive insurance covers two-wheelers against damage due to accidents, theft, fire, natural calamities, and third-party liabilities. Zero-depreciation insurance, on the other hand, is an add-on that doesn’t consider the depreciation costs for bike parts during claims.

I am buying a three-year old second-hand bike. Should I opt for the zero-dep cover?

We usually recommend a zero-dep cover for new bikes. However, since your secondhand bike is less than five years old, you can still opt for a zero cover if the spare parts are expensive. If not, then it’s better that you don’t opt for a zero-dep cover. Know more about second-hand bike insurance.

Can I buy a zero-depreciation cover with a third-party bike insurance?

No, you can't buy a zero-depreciation cover with a third-party bike insurance. A zero-depreciation add-on cover is only applicable in a comprehensive bike insurance.

Is bumper to bumper the same as zero depreciation insurance?

Yes, bumper-to-bumper insurance coverage and zero-depreciation insurance are the same and both cover the repair costs without depreciation.

What is the difference between zero depreciation and own damage cover?

The Own Damage plan covers damage only to your own two-wheeler, and it considers depreciation on bike parts at the time of claim. However, buying the Zero Depreciation add-on cover along with it will help you save claim money as it excludes the value of depreciation on bike parts.

How to claim zero dep bike insurance?

To claim, immediately report the damage to your insurer, provide the required documents and follow the insurer's claim process by visiting their app or website.

Is zero dep a type of bike insurance policy or an add-on?

Zero dep insurance for bike is an add-on cover that can be purchased along with either comprehensive or own damage bike insurance policy.

Is airbag covered in zero depreciation cover?

Yes, it usually covers airbag repairs or replacements without depreciation, however, check the same with your insurer.

Is tyre covered under zero depreciation bike insurance?

No, wear and tear of tyres is not covered, however, confirm the same with your insurer regarding specific policy details.

Can I raise a claim for small scratches under the zero dep insurance cover?

Raising frequent claims for small scratches will negatively impact your NCB, so it is advisable to raise a claim only when the damage is substantial and requires a lot of money to repair the vehicle.

Written By:

Manasvi Gupta

Reviewed By:

Mayur Kacholiya