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Which is the better car insurance, comprehensive or zero depreciation?

Car insurance is an essential investment to protect your vehicle from potential financial losses. It is crucial to understand the different types of car insurance policies and their coverage before making a decision.

  • 12 Jun 2023
  • 2 min read
  • 1743 views

Two popular types of car insurance policies are Comprehensive insurance and Zero Depreciation insurance.

Both have their own set of benefits and limitations, and it can be confusing to choose between the two. In this article, we'll be comparing comprehensive insurance and zero depreciation insurance, so you can make an informed decision when buying car insurance.

This article will help you understand the difference between Comprehensive and Zero Depreciation insurance and determine which one is better for you.

Comprehensive Insurance vs Zero Depreciation:

 

No Comprehensive Car Insurance Zero Depreciation Car Insurance
Coverage Covers damages to the insured vehicle due to natural calamities, theft, fire, and accidents. Covers damages to the insured vehicle due to accidents.
Scope Does not cover the entire cost of repairs for the vehicle. Covers the entire cost of repairs for the vehicle.
Premium Offers a lower premium. Offers a higher premium.
Best suited for Suitable for older vehicles. Suitable for newer vehicles.

 

Conclusion

In conclusion, comprehensive insurance and zero depreciation insurance are two different types of car insurance with their own set of benefits and limitations.

When choosing between the two, it is essential to consider the age of your car, the type of coverage you require, and your budget. If you have a brand new car, comprehensive insurance is a better option as it offers a more comprehensive coverage at a lower premium.

On the other hand, if your car is more than 5 years old, zero depreciation insurance is a better option as it offers coverage without considering depreciation. Regardless of the type of insurance you choose, it's important to have adequate car insurance coverage to protect yourself and your car from unforeseen events.




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