Zero Depreciation & Return to Invoice covers in Vehicle Insurance – A Comparison

What Is Zero Depreciation Car Insurance?

Normally, when you file a claim under a standard comprehensive policy, insurers deduct a certain amount for depreciation—after all, parts wear down with time. This means your payout for repairs is less than the actual cost. Zero Depreciation Car Insurance eliminates that gap.

With this add-on, insurers cover the full cost of replaced or repaired parts without deducting depreciation, potentially saving you thousands—especially when your car is brand new or high-end. It’s typically available for vehicles up to 5 years old, though some insurers may extend slightly beyond that.

Key Benefits:

• Enjoy full reimbursement for parts—with no depreciation deducted.
• Ideal for new or luxury car owners who want to avoid surprise repair costs.
• Offers hassle-free claims and peace of mind.

Considerations:

• Premiums are higher than for standard policies.
• Some insurers cap the number of zero-dep claims per year
• You may still pay compulsory deductibles.

What Is Return to Invoice (RTI) Cover?

If your car is stolen or damaged beyond repair, a standard comprehensive plan only compensates based on the Insured Declared Value (IDV)—a depreciated, current-market valuation. With Return to Invoice (RTI) Cover, your insurer will compensate you for the original invoice value, including registration, road tax, and other charges—not just the IDV.

Key Benefits:

• Receive replacement coverage equal to what you originally paid for the car—including taxes and handling charges.
• Ideal if you reside in high-risk areas prone to theft or catastrophic damage

Considerations:

• This add-on typically applies only to vehicles under 3 years old
• Premium increase can be significant—often 10–30% above the base rate
• Only usable in cases of total loss or theft—not for minor repairs.

Side-by-Side Comparison

When Should You Pick One—or Both?

Choose Zero Depreciation Cover if:

• You drive a new or premium car and want to avoid paying repair costs out-of-pocket.
• You encounter frequent minor accidents—like bumper dings or parts wear—making depreciation deductions likely.

Choose Return to Invoice Cover if:

• Your car is in its early years and you want maximum protection in case of theft or irreparable damage.
• You live in an area where car thefts or natural calamities are frequent.

Need Both?

Yes, you can opt for both add-ons for ultimate peace of mind—lower repair costs and full invoice protection in total loss—but your vehicle must meet each add-on’s eligibility criteria, and premiums will be higher.

Why Choose Jio Insurance Broking?

Shopping smart matters—and Jio Insurance Broking makes it smart and seamless. Here's why:

• Compare Top Insurers Instantly: Browse options from leading insurers like Bajaj Allianz, HDFC ERGO, Tata AIG, and more—all in one place
• Customizable Add-On Selection: Tailor your policy to include Zero Depreciation, RTI, or both—based on your needs and budget.
• Expert Guidance, Clear Insights: Skip the jargon. Get straightforward, unbiased advice from Jio experts who simplify your choices
• Seamless Claims & Renewals: From fast claim support to a smooth renewal process—Jio Insurance Broking has your back

In the world of car insurance, a little foresight can save a lot of money. Zero Depreciation Car Insurance helps you dodge repair costs due to depreciated parts, while Return to Invoice covers ensure you get full value if the car is written off or stolen. Whether you choose one or both depends on your car’s age, usage patterns, budget, and risk exposure.

At the end of the day, Jio Insurance Broking offers a quick, transparent, and efficient way to compare these options and build the coverage that works best for you. Drive smart. Insure smarter—with Jio.