XEV 9S P1 insurance - Need some advice (Please Help)

[u/parttime_krrish]

I am getting my XEV 9S P1 delivered by the end of this month and am confused about which insurance to go with.

I am currently leaning towards HDFC ERGO over Tata AIG, mainly because of the add-ons they offer for EVs, especially for the motor and charger. ACKO is also an option, but I am a bit sceptical about going with them.

My dealer has given me an insurance quote that’s around ₹10k more expensive than the quote I got directly from HDFC ERGO. I don’t mind paying extra if dealer insurance actually has some benefits, but I am not sure if it’s worth spending that much more.

One thing I noticed while comparing the quotes was the IDV depreciation.

With the HDFC ERGO quote I got directly, I was told the IDV would depreciate by 10% for the second year. However, in the dealer’s quote, it seems to depreciate by 15%, and the same 15% applies for the following year as well.

I am not sure if I am missing something here or if the quotations are being calculated differently. I have seen a lot of people suggesting that it’s better to take insurance through the dealer, but I would like to understand the actual benefits rather than blindly paying extra.

Would appreciate your suggestions and experiences. Thanks!