Personally, I believe everyone should opt for a zero depreciation or a bumper-to-bumper insurance plan. This is because you don’t lose out on depreciation which is a reality for all vehicles.

However, if I had to think of who its best suited for, then that would be:

  • Individuals who have purchased a new car
  • Those who have expensive luxury cars
  • People living in areas that are accident prone
  • High-end cars that have expensive spare parts
  • New or inexperienced drivers

Do note, though that the bumper-to-bumper insurance policy does not cover engine damage due to water ingression or oil leakage. Further, no mechanical breakdown, oil change or consumables are covered in this policy.

Additionally, the policy also comes with a limit on the number of claims one can put in a year.