Buy/Renew Standalone Own Damage Car Insurance

Standalone Own Damage (OD) Car Insurance is a type of policy that provides coverage only for the damages to your own vehicle. It is meant for car owners who already have a valid third-party liability policy (as mandated by law) but also want to safeguard their car against accidental damage, fire, theft, natural calamities, and more.

This policy does not cover third-party liabilities, so it must always be purchased alongside a third-party insurance policy — either from the same insurer or another, as permitted by IRDAI.

For Example:

Let’s say you’ve already bought a third-party insurance policy for your car last month, but now you’re worried about potential damage to your own vehicle. In this case, you don’t need to buy a comprehensive policy again. Instead, you can opt for TATA AIG’s Standalone Own Damage Car Insurance. It will cover damage from events like floods, fire, vandalism, or accidents, and you can also enhance it with add-ons such as Depreciation Reimbursement or Engine Secure.

This way, you only pay for what you really need , protection for your own vehicle, while remaining compliant with the Motor Vehicles Act through your separate third-party policy.

A standalone OD car insurance is an optional but important car insurance cover that offers protection to your car. While you may already be protected by third-party car insurance, sometime down the line, you will need to protect your own car from damages as well and, therefore, will have to purchase standalone OD car insurance.

A stand alone car insurance for own damage can protect your car from a variety of damages - something that third-party car insurance cannot cover - and you can also opt for add-ons to extend the coverage of the own damage car insurance policy. Hence, if your car is stolen, suffers accidental damage or total loss due to irreversible damage or theft, you will be monetarily compensated for the loss. With the help of the add-ons, you can secure the damages that are not covered under the standalone OD car insurance. These are:

• Accidental damages caused by external means
• Damage from theft and housebreaking but not amounting to total loss
• Theft or extensive accidental damage amounting to total loss
• Fire, Explosions, Implosions, Lightning, and self-ignition
• Natural calamities like floods, typhoons, cyclones, hailstorms, etc
• Earthquake, landslide and rockslides
• Transit of vehicles by rail, road, air, or inland waterways
• Terrorism Attacks, Riots and Strikes, or Malicious Damage

In India, car insurance is primarily available in three major types, each offering a different level of protection. TATA AIG General Insurance Company provides all three options, allowing you to choose coverage that aligns with your needs and budget.

1. Comprehensive Car Insurance Policy

This plan offers complete protection, covering both own damage and third-party liabilities. It includes compensation for damages due to accidents, theft, fire, natural disasters, and man-made calamities.

Not Covered: Incidents involving drunk driving, accidents in restricted areas, or illegal usage (e.g., racing).

Best for: Car owners seeking all-round protection under a single plan.

2. Standalone Own Damage (OD) Car Insurance Policy

This policy covers only damages to your own car, such as those caused by accidents, theft, fire, or floods. It does not include third-party liability, which must be purchased separately.

** Not Covered**: Third-party damage, drunk driving, and illegal or restricted use.
Best for: Those who already have third-party insurance and want to add coverage for their own vehicle.

3. Standalone Third-Party Car Insurance Policy

This is the minimum legal requirement under the Motor Vehicles Act. It covers damage or injury caused to others — including their vehicles, property, or physical harm.

Not Covered: Any damage to your own vehicle.

Best for: Budget-conscious buyers or those needing basic legal compliance.

TATA AIG General Insurance Company allows you to further enhance your car insurance plan with add-ons like Zero Depreciation, Engine Protection, Roadside Assistance & more, helping you customise the policy as per your specific driving and ownership needs.

A Standalone Own Damage (OD) car insurance policy is meant to cover any loss or damage to your own vehicle. It works alongside the mandatory third-party insurance, giving you the option to protect your car from specific risks that a third-party policy does not cover.

1. Covers Accidental Damages

If your car gets damaged in a road accident, the policy helps you pay for repair costs—whether it’s a minor scratch or a major repair job.

2. Covers Theft of Vehicle

If your car is stolen and declared non-traceable by the police, you receive the Insured Declared Value (IDV) as compensation. This helps you recover from the financial impact of losing your vehicle.

3. Protection Against Natural and Man-Made Events

Damages caused by floods, fire, storms, riots, or vandalism are also covered under OD insurance. This is useful if you live in areas prone to extreme weather or urban disturbances.

4. Option to Choose Add-On Covers

You can enhance your OD policy by including optional covers like Zero Depreciation, Engine Protection, Roadside Assistance, etc., depending on what your car needs.

5. Earn a No Claim Bonus (NCB)

If you don’t file any claims during the policy year, you earn an NCB that reduces your premium at renewal. Over time, this can add up to a 50% discount.

6. Best Suited for New or Expensive Cars

For newer cars or those with a higher market value, the OD policy helps manage repair or replacement costs more efficiently.

TATA AIG gives you the flexibility to enhance your car insurance with a range of add-on covers under the standalone own damage policy. These extras are designed to offer more comprehensive support when it matters most:

1.Depreciation Reimbursement

This cover helps you recover the depreciation amount deducted on replaced parts during repairs for up to two claims within the policy period.

2.Return to Invoice

If your car is declared a total loss or gets stolen, this add-on helps bridge the gap between your vehicle’s IDV and its on-road price—including road tax, registration, and insurance costs.

3. No Claim Bonus Protection

Even if you make a claim, your NCB stays protected—provided you've had two or more consecutive claim-free years and meet the eligibility criteria.

4.Additional Third-party Property Damage Cover

Offers additional cover beyond the standard policy limits for damage caused to someone else’s property.

5.Engine Secure

Provides cover for repair or replacement costs arising from water entering the engine or leakage of lubricating oil from the engine or gearbox.

6.Repair of Glass, Fibre, Plastic & Rubber Parts

If you choose to repair rather than replace any of these parts at an authorised garage, your NCB remains unaffected (one such claim allowed per policy year).

7. Key Replacement

Reimburses you for the cost of replacing lost or stolen keys—and covers lock replacement if there's a break-in.

8. Tyre Secure

Takes care of the repair or replacement costs if your car’s tyres or tubes are accidentally damaged, subject to tread depth conditions.

9. Loss of Personal Belongings

Covers loss or damage to personal belongings (excluding valuables like cash and jewellery) in your vehicle during an accident.

10.Consumable Expenses

Reimburses the cost of consumables like oils, nuts, bolts, and filters needed during accident-related repairs at authorised garages.

11.Additional Towing Charges

If your vehicle breaks down due to a covered event, this add-on pays extra towing charges over and above the base policy amount.

12.Misfuelling

Pays for flushing out the wrong fuel and repairing any damage caused—plus up to ₹2,000 for the cost of the incorrect fuel itself (one claim allowed per year).

13.Daily Allowance Plus

Covers transport costs or offers a courtesy car while your vehicle is being repaired following a covered loss, for the number of days mentioned in your schedule.

14.Emergency Transport & Hotel Expenses

If your car is immobilised after an accident, this helps cover overnight stay and travel back to your home or destination.

15.Roadside Assistance

Offers practical help like flat tyre changes, towing, battery jump-starts, fuel delivery, lost key assistance and more, in case your car breaks down.

16.Emergency Medical Expenses

Reimburses immediate medical costs if you or your co-passengers are injured during an accident involving the insured vehicle.

17.Electric Surge Secure

Specifically for electric vehicles—covers damage caused by electrical surges, arcing, or short circuits, including to charging equipment.

18.Depreciation Allowance – Battery

Covers the depreciation deducted on battery replacement under own damage claims. Available with or without deductibles, based on the plan you choose.

19.Vehicle Loan Protector

If the owner-driver suffers permanent disability or dies in an accident involving the insured vehicle, this cover helps settle the remaining vehicle loan.

20.Reinstate Cover

If a previously damaged panel wasn't reported straight away, but you’re now filing a valid own damage claim, this add-on covers its repair, subject to certain terms.

Even the most careful drivers run into trouble sometimes. It could be a dent in a parking lot, damage from heavy rain, or a more serious accident. That’s where own-damage car insurance helps. It covers the cost of repairing your vehicle or even replacing it if it’s stolen or too damaged to fix.

While standard third-party insurance takes care of damage caused to others, own-damage insurance is all about protecting your own car. You won’t have to pay everything from your pocket if something goes wrong.

It’s especially useful if your car is fairly new or something you rely on every day. And with TATA AIG, you can make your policy even more useful by choosing add-ons like depreciation reimbursement, engine protection, or roadside assistance. You can also opt for key replacement or consumables cover if you want that extra support during repairs.

So instead of just sticking with standard insurance, you can have a policy that actually fits your needs.

Tata AIG offers the Standalone Own Damage Insurance to car owners who have purchased their car after September 2018. But if you want to avail of this stand alone car insurance, then you must have the compulsory third-party insurance cover already.

This stand alone insurance policy is meant to help you cover the losses of accidental damage, damage from natural calamities, human disasters, theft (total loss) and vandalism to your car. Therefore, anyone who suffers a loss due to the above damages to their four-wheeler should have stand alone car insurance for own-damage.

It is also advisable to have our own damage car insurance if you are currently covered only by a basic third-party insurance policy as that will not cover any damages caused to your car.
Additionally, if you want to protect your car but do not want to opt for a comprehensive car insurance policy for any reason, you can get stand alone car insurance, provided you already have a third-party liability cover.

Now you know how our own damage car insurance works, but the question you may ask is, does the car insurance cover self-damage of all kinds?

Well, here are all the damages that can be covered by our standalone own damage insurance:

• Accidents: If your car is damaged due to an accident or collision, our standalone OD car insurance will cover the financial loss incurred by you.

• Fire & Explosion: In case of damages to your car due to an accidental fire or explosion, you can rest assured that these damages can be taken care of under our own damage car insurance policy.

• Theft: A total loss or theft of your car can create a lot of tension and financial stress. But if you have our standalone OD car insurance, the loss of your car will be covered.

• Human calamities like a riot, vandalism, etc: Our standalone own damage insurance also protects your car against damages resulting from riots, vandalism, terrorism, etc.

No matter how much protection our own damage insurance has to offer, these are some scenarios you should be aware of as they are not included in the own damage insurance coverage:

• Third-party Liabilities: The own damage car insurance does not cover third-party losses of any sort and is strictly meant to protect your own car’s damages.

• Depreciation: Since your car ages and depreciates with time, the own damage car insurance coverage does not have a provision to safeguard the depreciation costs unless you choose a fitting
  add-on such as our Zero Depreciation cover.

• Electrical & Mechanical Breakdown– Our own-damage car insurance cannot protect you from losses that arise due to a mechanical fault in the car unless it is caused by accidental damage.

• Drunk Driving– In case your car is damaged as a result of drunk driving or driving under the influence of intoxicating substances, our own damage insurance will not cover the losses.

• War or nuclear risks– The own damage insurance coverage does not take care of any losses that are caused due to wars, war-like incidents or nuclear attacks.

• Driving without a Licence– Our own-damage car insurance cannot cover any losses if your car is damaged when being used without the driver having a valid license.

The own-damage (OD) car insurance premium is the amount you pay to insure your vehicle against damage or loss caused by events such as accidents, fire, theft, natural calamities, riots, or vandalism. It is a crucial part of a comprehensive car insurance policy or can be bought as a standalone cover (if you already have third-party insurance).

The OD premium is calculated based on the following key factors:

• Insured Declared Value (IDV) of the vehicle – This is the current market value of your car and is the maximum sum insured under your OD cover.

• Age of the car – Older cars attract lower premiums due to depreciation but also receive lower IDV.

• City of registration – The premium may vary depending on where the car is registered and typically driven. Urban areas with high traffic may have higher premiums due to increased risk.

Additionally, with TATA AIG’s Auto Secure – Private Car Package Policy, you can further customise your OD cover using up to 17 unique add-ons. These include options such as Zero Depreciation, Return to Invoice, Engine Secure, Key Replacement, Tyre Secure, Consumable Expenses, Emergency Medical Expenses, and more.

To calculate your own damage premium, you can visit our car insurance page and use our car insurance premium calculator. To know your car insurance own-damage premium, you will need to know your car’s Insured Declared Value (IDV), which is the current market value of your car. You can simply calculate the IDV of your four-wheeler with the following formula:

IDV = (vehicle’s showroom price - depreciation cost) + (cost of any car accessories - depreciation cost)

Once you have the IDV of your car, you can use the below formula to calculate the standalone
own damage insurance premium:

Own Damage premium = IDV X (Premium Rate) + Add-on covers – Discounts and benefits on the policy

It is important to know the own-damage insurance coverage for your car so that you can give your car adequate insurance protection in the event of any damages caused to the car.

You can choose to reduce the standalone own-damage insurance premium of your car while ensuring that protecting it does not have to be a costly affair! These are a few ways to reduce the premiums on your standalone own damage insurance:

• Increase Voluntary Deductibles: In standalone own damage insurance, opting for a higher voluntary deductible—the amount you agree to pay out-of-pocket at the time of a claim—can lower your premium significantly. The higher your chosen deductible, the lower your premium. However, make sure you can afford this amount if a claim arises.Choose the Correct IDV: The Insured Declared Value (IDV) represents your car’s current market value and the maximum claim amount in case of total loss or theft. Opting for a slightly lower IDV can reduce your premium, but be cautious, this also reduces the maximum payout you can receive. Always balance affordability with adequate coverage.

• Make use of the No Claim Bonus: If you haven’t made any claims in the previous policy year(s), you're eligible for a No Claim Bonus (NCB), which reduces your premium at renewal. Be sure to transfer this benefit when switching insurers. TATA AIG also offers an NCB Protection Add-on, which allows you to retain your NCB even after making a claim, subject to policy terms and eligibility—helping you save more in the long run. Buy online and save up to 75%: Buying your TATA AIG own damage policy online helps cut down on agent commissions and operational costs. You can save up to 75% on your premium this way, though actual savings depend on your vehicle profile and claims history. Select only necessary add-ons: We offer a range of unique add-ons to go with your insurance cover. However, these add-ons cost an extra premium and therefore, you should choose only relevant and necessary add-ons to keep your own damage car insurance premium low and reasonable.

Have you wondered why the own damage premium varies from car to car? These are the factors that influence your standalone own damage insurance premium. A change in any of these factors can directly affect how much you pay for coverage.

1. Insured Declared Value (IDV):

The IDV is the current market value of your car and plays a critical role in determining the own damage premium. If you choose a higher IDV, the own damage insurance premium will also be higher. However, lowering your IDV to save on premium will reduce your maximum claim payout, so choose wisely.

2. Age of the Car:

As your car gets older, it depreciates in value. Therefore, the own-damage premium decreases with the age of the car.

3. Car Model:

Luxury and high-performance cars attract higher repair and replacement costs. Hence, more expensive or rare models usually have higher own damage premiums.

4. Cubic Capacity (CC) of the Engine:

Cars with an engine capacity above 1500cc attract a higher premium compared to those with lower CC due to increased risk and repair cost.

5. No Claim Bonus (NCB):

If you haven’t filed any claims in the previous policy year, you’re eligible for an NCB discount during renewal, which lowers your premium. TATA AIG also offers an NCB Protection add-on, helping you retain your discount even after one claim, subject to conditions.

6. Add-ons Chosen:

While add-ons like Zero Depreciation, Engine Secure, Roadside Assistance, and others enhance coverage, they also increase your own damage premium. It’s advisable to select only the necessary add-ons to keep the premium in check.

7. Location:

Premiums are higher in urban, high-traffic zones such as metro cities due to increased accident and theft risks. On the other hand, smaller towns and rural areas attract lower premiums.

8. Car Fuel Type:

Diesel and CNG cars usually have higher OD premiums due to costlier maintenance compared to petrol cars.

9. Car Safety Features:

Only approved anti-theft devices (such as those certified by ARAI) can help you avail discounts on own-damage premium. General safety features like airbags do not qualify for premium discounts.

10. Driving Record:

A clean driving history with no claims or traffic violations can help lower your premium. Frequent claims or a poor driving record can increase it.

11. Voluntary Deductibles:

Choosing a higher voluntary deductible (the amount you agree to pay from your pocket during a claim) lowers your premium, as it reduces the insurer’s liability.

12. GST and Taxes:

An 18% GST is levied on your own damage premium, which significantly affects the total payable premium amount.

13. Compulsory Personal Accident (PA) Cover:

Compulsory Personal Accident (PA) cover is not part of own damage insurance, but it's often added to your total premium because it's required by law. It gives protection in case the owner-driver dies or gets permanently disabled in an accident. So, even though it’s separate, it still increases the total amount you pay.

We understand how stressful an accident or damage to your car can be. That’s why filing a standalone own damage insurance claim with Tata AIG is simple and hassle-free. Just follow these easy steps:

Step 1: Inform Us Immediately

If your car suffers accidental damage, inform us as soon as possible.
You can:

• Call us at 022-6489-8282 (standard call charges apply)

• Email us at general.claims@tataaig.com

• Or visit the ‘Claims’ section on our website’s car insurance page

Once you initiate the process, we’ll send a self-inspection link to your registered mobile number.

Step 2: Complete Inspection

Use the self-inspection link to upload photos and describe the damage. Based on your inputs, we may assign a surveyor to physically assess your car.

Fill out the claim form with these details:

• Policy number

• Personal and vehicle information

• Details of the incident

• FIR, if applicable

Step 3: Choose Your Repair Option

Once the inspection is complete, select one of the following:

• Cashless Claim: Get your car repaired at a Tata AIG network garage. We’ll handle the payment directly with the garage.

• Reimbursement Claim: Choose any garage, pay for the repairs upfront, and get reimbursed as per your policy terms.

Filing your standalone own damage claim with Tata AIG is quick and stress-free. You can also track your claim status anytime via our website or app.

To ensure a smooth claim process under your standalone own damage (OD) car insurance policy, keep the following documents ready:

• Copy of your standalone own damage policy or policy number

• Valid Driving Licence of the person driving at the time of the incident

• RC (Registration Certificate) of the insured vehicle

• FIR – only required in cases of theft, fire, or major accidents; not mandatory for minor damages

• Photographs of the damaged vehicle, if possible

• Original repair estimate/invoice – mandatory for reimbursement claims; may not be needed for cashless claims

• Duly filled and signed claim form

• Surveyor report – prepared after the inspection to assess the extent of damage and estimate repair costs

• Identity and address proof of the policyholder

• Original car keys – required in theft cases

• No Trace Report from the police – applicable in case of theft

• Subrogation letter and No Objection Certificate (NOC) – required in total loss or theft cases

• RTO forms – needed when claiming total loss or theft

These documents help Tata AIG process your standalone own damage car insurance claim efficiently and accurately.

Buying or renewing your standalone own-damage car insurance online with TATA AIG is quick and convenient. Follow these simple steps:

To Buy New Standalone Own-Damage Insurance:

Step 1:

Visit the official TATA AIG website. Click on ‘Car Insurance’ and select ‘Brand New Car’ or ‘Get Quote’ depending on your vehicle type.

Step 2:

Enter key details such as your car’s make, model, fuel type, registration city, and delivery date (if applicable).

Step 3:

Fill in your personal details like mobile number, PIN code, and RTO code. Based on these inputs, you'll receive a customised premium quote.

Step 4:

Select ‘Standalone Own-Damage Cover’ and choose the desired Insured Declared Value (IDV). You can also customise your policy by selecting from 17 add-ons available with Tata AIG.

Step 5:

Complete the CKYC process and provide additional vehicle details such as engine and chassis number, if required. If you need a Personal Accident cover, you may enter nominee and hypothecation details.

Step 6:

Make the payment online using your preferred payment method. Once successful, your standalone own-damage insurance policy will be issued instantly and emailed to your registered email ID.

To Renew Standalone Own-Damage Insurance:

Step 1:

Go to the TATA AIG website and navigate to the ‘Car Insurance Renewal’ section.

Step 2:

Enter your previous policy number, car registration number, or mobile number to retrieve your existing policy.

Step 3:

Review your car’s details, updated IDV, available No Claim Bonus (if applicable), and any previous claims.

Step 4:

Choose to renew only the own-damage component and customise your coverage with relevant add-ons.

Step 5:

Double-check the renewal details and proceed to make the payment.

Step 6:

After a successful transaction, your renewed standalone OD policy will be instantly available for download and sent to your email.