Upgrade Your Car Insurance for Enhanced Protection

Posted on: Jun 23, 2025 | | Written by: HDFC ERGO Team

Upgrade Your Car Insurance for Enhanced Protection

How to Upgrade Your Car Insurance for Better Protection?

In times when even a comprehensive car insurance plan may not be sufficient, upgrading your existing insurance plan by opting for add-ons can help save you from financial liabilities and ensure greater convenience. Add-ons like engine protection cover, zero depreciation cover, 24*7 roadside assistance and a lot more have significant cost benefits that you do not want to miss out on.

Types of Add-Ons

Engine Protection Cover

An engine protection cover is an add-on designed to provide financial coverage for damages to your vehicle's engine. Typically, a comprehensive insurance plan does not offer coverage for this, and you can opt for this add-on to your existing plan.

Cost Analysis

Typically, a vehicle that costs around ₹5 lakhs incurs expenses of between ₹50,000 and ₹2 lakhs for engine repairs. The cost of opting for an add-on like this is usually somewhere between ₹1,500 and ₹3,000 per year.

Zero Depreciation Cover

Remember that a vehicle is considered a depreciating asset. This means that when you raise a claim with the insurance company, the insurer deducts the depreciated value of your vehicle from the amount you have to pay from your pocket. However, with zero depreciation cover, you can be assured of getting your claims settled without having to bear the burden of depreciating car value.

Cost Analysis

Generally, if your insurance policy requires you to pay a premium of ₹20,000, opting for a zero depreciation cover would cost around ₹2,000 to ₹ 4,000 only.

24*7 Roadside Assistance

With monsoons around the corner in the country, the cases of vehicle breakdown in the middle of the street are expected to surge. Opting for 24/7 roadside assistance coverage comes with the promise of getting your vehicle fixed, towed, and repaired.

Cost Analysis

Depending on the city, getting roadside assistance services can cost anywhere between ₹500 to ₹2000. 24/7 roadside assistance coverage comes at a very affordable premium.

Consumables Cover

Your insurance plan might not offer coverage for consumable costs like radiator coolant, oil, nuts, etc, you can upgrade your policy by opting for consumables cover.

Cost Analysis

For a vehicle worth ₹10 lakh, the cost can range from ₹500 to ₹700 per repair. You can save a huge amount in the long run by opting for consumable coverage.

Cost-Benefit Analysis

Add-On	Cost of Add-On	Cost Benefit
Zero-Depreciation	₹3000 to ₹5000	Policyholders without this add-on end up paying at least ₹25,000 from their pocket.
Engine Protect	₹500 to ₹3000	Save up to ₹2.5 lakhs for a full engine replacement.
24*7 Roadside Assistance	₹200 to ₹500	Save somewhere between ₹1000 to ₹2000.
Daily Cash Benefit	₹500 to ₹1500	Save up to ₹1,500 per day until the car is repaired and returned to them.