Buy or Renew Insurance
for Your Vehicle

Two-wheeler insurance is for 2-wheeler motors whether a scooter, bike, or superbike.

Four-wheeler insurance is for 4-wheeler motors. It can be commercial or personal cars.

It is mandatory by Indian law to get your vehicle (whether 4-wheeler or 2-wheeler) insured.

1. Geographical location and population density
2. Gender, marital status, and driving record of the vehicle owner
3. Claim history
4. Previous insurance coverage
5. Vehicle type
6. Vehicle usage – whether personal or business usage
7. Miles driven annually
8. Coverage opted for

1. Third-party bodily injury - The liability coverage covers the medical cost if someone gets hurt from your insured vehicle
2. Third-party property damage liability – The liability coverage covers the cost of damage to a third party’s vehicle or property
3. Personal injury protection – The car owner’s/drivers and other passengers’ medical expenses are covered
4. Comprehensive protection – You are compensated even when your vehicle is damaged without driving on the road
5. Collision protection – The policy covers the entire vehicle if you have an accident, irrespective of whose fault was it

Zero depreciation, zero dep., bumper to bumper, or nil depreciation motor insurance does not consider depreciation, thus ensuring a complete cover. The insurance company will be liable to bear the entire cost of the body part(s) for replacement.

While renewing an expired vehicle insurance policy, it will depend on whether you will get a No Claim Bonus from the previous year's insurance policy or not. If you haven’t claimed anything during the last year, then you will get the No Claim Bonus on the insurance policy during renewal. But, in case you have claimed anything in the previous year, you are not eligible for NCB.

IDV stands for Insured Declared Value, which is the maximum amount that can be claimed on your car insurance policy. You need to be aware of IDV to keep a track of depreciation rates of fixed Insured Declared Value.

The main factor that affects IDV is the age of the vehicle. The wear and tear and the age of the vehicle influence the depreciation of the car, which actually starts from the very moment you drive your car out of the showroom.

Ideally, there should not be a single day where you do not have your car insurance live. You should be ready with your new car insurance policy a day before it expires. In case you’re unable to renew the policy before your policy expiration date, just provide the vehicle and personal information and Droom will handle the rest.

Yes, the age of the vehicle is inversely proportional to the cost of insurance. If the age of the vehicle is more the cost of insurance is less and vice versa.

When the repair cost of the vehicle reaches or crosses the limit of 75% of any vehicle’s IDV (Insured Declared Value), the insurance company scraps the vehicle and pays the entire amount of the vehicle value.