Own Damage Insurance For Car in Hyderabad, IndiaBuy or Renew Own Damage Car Insurance Online in 2 Minutes ⚡️
Standalone Own Damage (OD) Insurance covers damage to your own car due to accidents, theft, fire, or natural disasters. It doesn’t cover third-party damage and is not mandatory by law. This type of standalone own damage insurance is ideal for those seeking extra protection for their vehicle.
Click here for BRAND NEW CAR INSURANCE
Own Damage Insurance for Car is a plan that protects your car from accidental damage, theft, fire, and natural disasters. Below are the key benefits:
1
You don’t need to buy a full Comprehensive plan. With OD Insurance, you can separately choose your own damage cover along with third-party insurance.
2
Get financial support if your car is damaged due to an accident, theft, fire, or any natural calamity.
3
OD Insurance lets you add extra features like zero depreciation or engine protection, giving you better and wider coverage than basic third-party plans.
The sections below explain what is covered and what is not under Own Damage (OD) car insurance.
If you fall into any of the categories below, buying a Standalone Own Damage (OD) Insurance policy can be a smart choice: This type of standalone own damage insurance is ideal for those seeking extra protection for their vehicle.
| Own Damage Insurance | Comprehensive Insurance | |
|---|---|---|
Coverage | Covers damage to your own car | Covers both third-party and own damage |
Legal Requirement | Not mandatory, but highly recommended | Not mandatory but offers full protection |
Premium Amount | Higher initially, reduces over time | Higher premium due to wider coverage |
Depreciation Impact | Affected by vehicle depreciation | Own damage part is affected by depreciation |
Exclusions | Does not cover third-party damages | Covers most risks (except exclusions stated in policy) |
You can enhance your OD insurance with the following useful add-ons:
You can calculate your Own Damage (OD) premium in minutes using BimaStreet. Just follow these simple steps:
Visit or open the BimaStreet website
Enter basic details like your car’s make, model, year of purchase, registration location, and previous insurance info.
Choose your desired insurance plan and select relevant add-ons (like Zero Depreciation, Engine Protect, etc.).
Instantly view your calculated premium based on your selections, no hidden charges!
Understanding Your Car's Coverage Value Insured Declared Value (IDV) is the maximum amount your insurer will pay if your car is stolen or completely damaged beyond repair. It represents your vehicle’s current market value after accounting for depreciation. When you purchase Own Damage (OD) insurance, the IDV is a key factor in calculating your premium. In case of a total loss, you’ll receive the IDV (minus depreciation) as part of your claim settlement.
Your Insured Declared Value (IDV) directly affects your premium. A lower IDV means a lower premium but also a lower payout in case of total loss or theft. Choose a balanced IDV to keep both premium and coverage in check.
Want to reduce your premium further? Go for voluntary deductibles a fixed amount you agree to pay at the time of claim. A higher deductible means a lower premium, but remember, your out-of-pocket cost will be more during claims.
If you haven’t made any claims in the past year, you're eligible for a No Claim Bonus (NCB). This can give you up to 50% discount on your premium. Avoid minor claims to keep your NCB intact.
Add-ons like Zero Depreciation, Return to Invoice, and others increase protection but also raise your premium. Choose only those add-ons that you truly need based on your driving habits and car usage.
Get your car repaired at any BimaStreet-authorised network garage without paying upfront. The insurance company settles the repair bill directly with the garage, as per your policy terms. This is a hassle-free and convenient way to handle repairs without worrying about cash on hand.
Prefer a garage outside the network? No problem! You can get your car repaired at any garage of your choice, pay the bill yourself, and then submit the bills and required documents to claim reimbursement. The insurer will evaluate and transfer the eligible amount directly to your account.
There is no limit on the number of times you can raise a claim under OD insurance. However, frequent claims may affect your No Claim Bonus (NCB) and renewal premium.
Yes, you can purchase OD insurance as a standalone policy, but it is mandatory to also have a valid Third-Party (TP) insurance policy for your vehicle.
Absolutely. OD insurance protects your car from damages caused by accidents, theft, fire, floods, and other unforeseen events saving you from major repair expenses.
The OD premium is based on factors like your car’s make and model, age, engine capacity, location, and IDV (Insured Declared Value).
Yes, in general usage, First Party insurance refers to Own Damage insurance both cover damages to your own vehicle.
● Covers repair/replacement cost due to accidents ● Protects against natural calamities, fire, theft ● Reduces your financial liability in case of damage
No, it is optional. However, Third-Party insurance is legally compulsory in India. OD provides better protection for your own vehicle.
No, Third-Party policies do not include OD cover. To get OD coverage, you need to either buy it as a standalone policy or go for a Comprehensive policy.
No, you must first have Third-Party insurance. You can then enhance your protection by buying a Standalone Own Damage plan separately.
Yes. During renewal, you can either: ● Buy a Standalone OD policy in addition to your TP cover, or ● Upgrade to a Comprehensive plan that includes both.
Immediately inform your insurance provider via their website They’ll guide you on the next steps, whether it’s for a cashless repair or a reimbursement claim based on the damage type.
Support mail: -
Claim mail: -
For Other Query: -
Phone Number: -
Corporate Office :-
Regd Office: - Ground Floor, Villa No.10, Richmond Villas, Near Glendale International School, Hydershakote, Hyderabad-500086.
Website Approved By IRDAI(Govt. of india)
ISNP Ref:
IRDA License Number:
Licensed on:
Valid Upto:
Disclaimer:
© 2026 - All Rights Reserved
Support mail: -
Claim mail: -
For Other Query: -
Phone Number: -
Corporate Office :-
Website approved by IRDA(Govt. of India),
ISNP Ref:
IRDA License Number:
Licensed on:
Valid Upto:
Disclaimer:
© 2026 - All Rights Reserved