Car Parts Insurance Cover

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Car Spare Parts Insurance

Comprehensive car insurance covers your financial liabilities in case of damages to your car due to theft, natural calamities, accidents, etc. It is an efficient tool to provide your car with the care it requires. The policy also comprises several riders or add-ons that you can buy at extra premiums. The add-on covers help in the reimbursement of several expenses incurred on your car that are not covered under a comprehensive policy. One such rider is the car parts insurance cover.

Let’s know about this specific cover and how it helps.

Why Purchase Car Spare Parts Insurance Cover?

A car is run by several parts working in perfect coordination, with each part having a specific role to play. Before purchasing a car, you usually evaluate many features besides the availability of spare parts. This is because the car parts have a particular lifespan, after which they need to be replaced. But the replacement of the car parts can cost you thousands of rupees.

A comprehensive insurance policy covers the costs of reasonable repairs only. Moreover, the policy covers the replacement of car insurance components due to an accident or natural disaster. Thus, you must consider adding car spare parts insurance to your policy for 360-degree coverage.

How Do Car Parts Insurance Help?

Comprehensive car insurance fails to cover the replacement of car spare parts due to their theft or damage besides accidents or natural calamities. Thus, to remain stress-free about the expenses on car spare parts, you must buy the following add-on covers to your car insurance:

Engine add-on cover

The engine of your car is the most crucial part. It is made up of several small components having specific maintenance and expiry needs. But a comprehensive policy doesn’t include engine damages except for damages due to accidents. With the purchase of the engine add-on, you can cover the expenses incurred on the engine’s repair or replacement besides damages from accidents. So, considering the high chances of engine failure or damage, you must add an engine cover to your car’s insurance.

Tyre add-on cover

The tyre add-on helps you cover the financial expenses incurred on tyre replacement due to tyre bursting, puncture, tyre cuts, etc. Factoring in the condition of Indian roads and the nature of your trips, you must consider adding this valuable coverage to your car insurance policy.

Zero depreciation add-on cover

At the time of claim settlement, the insurance provider considers the current market value of your car. The difference between the car’s original price and its present value is known as depreciation. With the zero-depreciation cover, you don’t have to pay for the depreciated car parts. Instead, the insurance company pays for them. This bumper-to-bumper car insurance allows you to claim a higher sum at the time of claim settlement.

Key replacement add-on cover

Keys are expensive to replace or repair, especially the remote keys and keyless FOBs. Thus, a key replacement cover provides reimbursement for the costs incurred in key replacement or repair if you lose or damage them. There are high chances of losing a key due to its small size. So, protecting your key with this add-on cover is a wise choice.

Car accessories add-on cover

Car accessories insurance is essential if your car is equipped with expensive accessories like a high-end stereo, LCD TV, reverse camera, etc. Basic comprehensive insurance only covers damages to the basic parts of your car and not the additional accessories. But with car accessories insurance, you can cover the damages to the accessories due to accidents, natural calamities, theft or burglary.

Tips to Replace Your Car Spare Parts

Replacement of car components like tyres, clutch plates, gearboxes, or batteries is quite expensive and can take a toll on your pockets. You can either choose to replace the parts with original, duplicate or used parts. Find out which is a good option.

  • Original spare parts

While replacing your car’s components like battery, engine fan, radiator, clutch, brakes and shock absorbers, ensure you buy original parts made by the car’s manufacturer. These car components directly impact the car’s functioning and must be of good quality. Usually available at higher costs than duplicate parts, the company parts come with a long-term warranty and are available at garages and service centres.

  • Duplicate spare parts

Many individuals choose to replace car parts with duplicate ones that are budget-friendly. Not manufactured by the car’s brand, these parts function like original parts but are not reliable in the long run. So, you should not buy duplicate spare parts to replace essential car components as they may impact the car’s performance. However, you can consider buying duplicate parts to replace your car’s bumpers, wipers, seat covers, etc.

  • **Used spare parts **

Used parts are from the original manufacturer but belong to the cars that are discarded in the junkyard for several reasons. So, if you don’t wish to spend much on car parts but still want original spare parts at a low cost, buying used parts can be a good option.

Key Takeaway

Car spare parts insurance comes in handy when car parts require a change. It is more beneficial if you own an expensive car, the spare parts of which can cost you a handsome sum. Third-party car insurance is mandatory under the Motor Vehicle Act, 1988. Many individuals believe that buying a third-party cover is enough for their car and fail to realise that this policy doesn’t cover the owner’s car damages or injuries. So, buying comprehensive car insurance is of utmost importance when you own an expensive or new car to cover multiple damages.

Also, adding the spare parts cover to your four-wheeler insurance can help save some money while replacing car components after their malfunction or damage.

With Tata AIG, you can tailor your four-wheeler insurance and give the protection your car deserves. By adding suitable add-ons, you can enhance your policy’s coverage at affordable premiums. So, buy car insurance today with Tata AIG and enjoy the seamless repair of your car at the company’s cashless network of garages.

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Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

Related Articles

1. What is Own Damage in Car Insurance?

1. What is Own Damage in Car Insurance?


Own Damage cover or standalone own damage insurance in car insurance is a type of insurance policy that provides protection against various damages to your own insured vehicle and yourself.

2. Is Own Damage Car Insurance Mandatory for Your Car?


No. A standalone own damage insurance or own damage cover is not mandatory. While it is important for protecting your car and you against financial losses, it is the third-party insurance cover that is a mandatory cover and helps you avoid legal fines.

3. Can You Get Add-ons for Stand-Alone Damage Policy?


Yes, you can include add-ons to the own-damage cover to enhance the insurance coverage. We, at Tata AIG, offer a set of 12 unique add-on covers like Zero Depreciation, Roadside Assistance, Engine Secure and more, on our standalone own damage insurance for your car.

4. Are standalone own-damage car insurance policies optional?


Yes, a standalone own damage insurance policy is an optional insurance cover. However, it is necessary to buy an own-damage insurance policy so that your car can be protected at all times against any type of accidental damage, theft, fires or damage arising from natural disasters and human causes – something that the mandatory but basic third-party insurance does not cover.

5. Is own-damage cover a component of basic car insurance?


The meaning of basic car insurance refers to third-party car insurance. Having at least a basic third-party car insurance cover is a legal mandate as per the Motor Vehicles Act of 1988. However, this basic car insurance does not have an own-damage cover. Instead, you can choose and buy an own-damage insurance policy on our Tata AIG website.

6. What is the policy term of standalone own-damage car insurance policies?


A standalone own damage car insurance policy is valid for a year and has to be renewed each year. As per a recent directive by the Insurance Regulatory and Development Authority of India (IRDAI), a standalone own damage cover can be issued for a year and then renewed annually. This is applicable in the case of new cars as well as old cars. If you have a Tata AIG standalone own damage cover, you can quickly renew it in a few easy steps by visiting our car insurance page on our website.

7. How is standalone own-damage car insurance premium computed?


To calculate the own damage car insurance premium, it is necessary to consider the Insured Declared Value (IDV) of the car, the type of vehicle, the purchase year, as well as the geographical area of the car and the policy.

9. Why should I have a standalone own damage car insurance?


If you only need to protect your own car against financial losses and damages and don’t feel the need for third-party insurance, you can simply opt for Tata AIG’s standalone own damage cover. Our own damage car insurance policy enables you to customise your car insurance policy as per your insurance needs and budget.

Also, after September 01, 2019, having a standalone own damage car insurance means that your third-party liability and the own damage policy are independent of one another, and you can buy them both separately.

10. How do I file an own damage car insurance claim for my car?


You can file an own damage insurance car insurance claim for your car on our website by following a few simple steps:

  • In case of a mishap or accident in which there is damage caused to your four-wheeler, inform us about the damages immediately. You can send us an email at or call us on our toll-free number – 1800 266 7780.

  • To file a claim with us, visit the “Claims” section on our website. We will appoint a surveyor to examine the damages to your car and also send you a self-inspection link on your registered mobile number. You can fill up the online form based on your inspection

  • Lastly, you can choose if you would like to opt for cashless claims and have your car repaired at our network garages or select a garage of your preference and receive reimbursement for the repair costs.