What is Car Insurance Premium Calculator?
A car insurance premium calculator is a digital device that helps you calculate the correct premium amount for your car insurance plan. The calculator gives the premium amount by factoring in details like your car’s make, model variant and fuel type. The premium calculator also takes into account No Claim Bonus, if applicable on the premium amount of your car insurance plan.
How to Use Car Insurance Premium Calculator?
Step 1: Select your Car’s Make, Model, Variant and Fuel Type.
Step 2: Choose the Car’s Registered City and Purchase Year.
Step 3: Tell us if your previous insurance period was claim-free or not.
Step 4: Click on ‘Calculate’. The correct IDV and car insurance premium will be displayed to you.
Benefits of Car Insurance Premium Calculator
- Right IDV - The premium calculator helps you know the correct Insured Declared Value (IDV) of your car. In case of theft or total loss of your car, you get the IDV as the compensation amount.
- Correct Premium - The premium calculator tells the correct amount which you should pay as your car insurance premium.
- Helps you Make an Informed Decision - By telling you the correct IDV and insurance premium of your car, the premium calculator helps you make an informed decision.
- Helps You Choose the Right Plan: After knowing the correct IDV and premium amount for your car, you can compare available insurance plans easily and pick the one which bests suits your requirements and budget.
Third Party Car Insurance Premium Rates
Premium To Buy A New Policy (3-Year Plan)
Premium To Renew Existing Policy (1-Year Plan)
Under 1,000 cc
Between 1,000 cc and 1,500 cc
Above 1,500 cc
Premium for Comprehensive and Standalone Own-Damage Car Insurance Plans
The premium amount for comprehensive and standalone own-damage car insurance plans vary for each policyholder depending on the car’s make, model, variant, and fuel type among many other factors. The Premium Calculator tells you the premium for your car insurance plan by factoring in all these elements instantly.