- Becoming a member of the Automobile Association of India
- Installing anti-theft devices sanctioned by Automobile Research Association of India
- Opting for Compulsory Deductible
- Ensuring to keep your No Claim Bonus intact
Table 1
Item | Rate of Depreciation |
---|---|
Rubber, Nylon, Plastic Parts, Tyres and Tubes, Batteries, and Air Bags | 50% |
Fiberglass components | 30% |
All parts made of glass | Nil |
Material cost of the paint in case of a paint job | 50% |
Note: If a consolidated amount is charged for the job, then 25% of the total cost will be considered as the material cost. |
Table 2
Age of the vehicle | Rate of Depreciation |
---|---|
6 months or less | Nil |
Between 6 months and 1 year | 5% |
Between 1 and 2 years | 10% |
Between 2 and 3 years | 15% |
Between 3 and 4 years | 25% |
Between 4 and 5 years | 35% |
Between 5 and 10 years | 40% |
More than 10 years | 50% |