Bumper to Bumper Car Insurance Policy: Explained

If you've ever had car insurance for a previously owned vehicle, you know how the premium for the same policy covering a new vehicle can be different. And this is not because of add-ons or any deductibles. Even basic car insurance for different vehicles can cost differently.  Moreover, it does not cover all parts of the vehicle. This means there will be risks that will not be covered. However, bumper-to-bumper insurance offers complete coverage. But, there is very little knowledge about bumper-to-bumper car insurance among the general public. This article aims to inform you about its difference with regular car insurance and the different aspects of bumper-to-bumper car insurance.

What is bumper to bumper car insurance?

In regular comprehensive car insurance, the insurance company depreciates the cost of replaced or repaired parts before settling the claim. But, in bumper-to-bumper coverage, the insurance company covers all parts of the car except damage to the engine, battery, tires, tubes, and glass. This is usually offered by insurers as an 'add-on' to their standard policy. It is also called zero depreciation car insurance. In fact, it provides close to 100% coverage if your vehicle is damaged in an accident. Insurance companies do not reduce the cost of replaced parts. This add-on coverage is especially great for owners of new cars, luxury cars, first-time car owners, owners with cars in accident prone areas, etc. *

Benefits of bumper-to-bumper car insurance

Accidents are never a good thing. The cost of replacing car parts or fixing dents and bumps is very high. Especially if you used your hard-earned money to buy your favourite car. Even if you have car insurance, you may still have to pay part of the total bill out of pocket. Including bumper-to-bumper coverage in your standard car insurance has several benefits. The main benefits of bumper-to-bumper car insurance are:

• Full or 100% coverage during claim settlement.
• Exempt from depreciation except for certain damages.
• Especially useful for first-time luxury car owners.
• This gives you peace of mind that your vehicle is almost entirely covered by your insurance company.

* Standard T&C Apply

How to buy bumper to bumper insurance online?

You can purchase bumper-to-bumper car insurance online from the insurer’s website. The purchase method is the same as with comprehensive car insurance. If you have standard car insurance, you can choose add-ons when you renew your policy. However, you can also opt for add-ons when you buy a car. Below are the steps to purchase bumper-to-bumper car insurance online:

1. Go to your insurance company's website
2. Enter your vehicle registration number to update your policy.
3. You will be asked to select from different types of add-ons. Choose zero depreciation coverage as an add-on.
4. Use the car insurance calculator to determine how much the coverage as a whole will cost you.
5. Once the required premium is paid, the insurance policy will be delivered to your registered email address.

* Standard T&C Apply  

Factors to consider before choosing bumper to bumper insurance

Before purchasing standard auto insurance or bumper-to-bumper insurance, there are several factors to consider in making an informed choice. Below are the main factors to consider before choosing bumper to bumper insurance.

• Annual claim limit

  Some insurance companies limit the number of claims that can be made during the policy period. This is to discourage insurers from filing unnecessary claims like minor repairs. Hence, when choosing bumper-to-bumper coverage, check the policy terms.

• Cost of additional coverage

  The bumper-to-bumper car insurance premium is slightly higher than the standard comprehensive car insurance. This may seem expensive, but if your car is damaged in an unfortunate accident, your finances remain well protected.

• Not available for all vehicles

  Vehicle age restrictions apply. Insurance companies do not offer bumper-to-bumper coverage for vehicles of a certain age. Therefore, you should check the terms and conditions before opting for this add-on coverage.

  * Standard T&C Apply  

What is the best way to get Bumper to Bumper Car Insurance?

Bumper-to-bumper car insurance coverage can easily be purchased as an add-on online. The process is the same as renewing your car insurance coverage. The only difference is that while renewing your policy, you must load the add-on in your insurance coverage. Being an add-on, it will raise your insurance premium. You can pay your insurance premium online using your debit card, credit card, internet banking, etc. Before you make the purchase, take a look at whether the purchase is within your budget. The bumper-to-bumper coverage can have a varying cost for different cars. The cost can depend on the overall condition of the car, age, cubic capacity, etc. Hence, you need to ensure the cost of your coverage is within your budget. Car insurance premium calculator is a nifty tool to check the premium of your policy before buying one. Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.