What is Car Insurance Premium Calculator?
A car insurance premium calculator is an online tool that tells you the right insurance premium amount for your car. The calculator takes into account the details related to your car like its make, model variant, and fuel type and instantly gives you the premium amount which you should be paying for its insurance plan. The premium calculator also incorporates the No Claim Bonus, if applicable, to the premium amount of your car insurance plan.
How to Use Car Insurance Premium Calculator?
Step 1: Choose your Car’s Make, Model, Variant, and Fuel Type.
Step 2: Select the Car’s Registered City. Also, select the car’s Year of Purchase.
Step 3: Tell us if you are eligible for a No Claim Bonus.
Step 4: Click on ‘Calculate’ and you are done. The correct IDV and car insurance premium amount will be displayed to you.
Benefits of Car Insurance Premium Calculator
- (IDV) of your car. IDV is the market price of your car. It is the amount which you get as compensation in case of theft of your car and in cases which the car has got more than 75% damaged (total loss).
- Correct Premium - The premium calculator helps you know the correct premium amount for the insurance plan of your car.
- Helps you Make an Informed Decision - The knowledge of right IDV and premium amount helps you make an informed decision.
- Helps You Choose the Right Plan: By knowing the right IDV and insurance premium amount of your car, you can easily compare all the available insurance plans and choose the one which suits your requirements and budget in the best manner.
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||Rs. 5,268||Rs. 2,072|
|Between 1,000 cc and 1,500 cc||Rs. 9,534||Rs. 3,221|
|Above 1,500 cc||Rs. 24,305||Rs. 7,890|
Premium for Comprehensive and Standalone Own-Damage Car Insurance Plans
The premium amount for comprehensive and standalone own-damage car insurance plans depends on a number of factors like the make, model, variant, fuel type of your car, the car’s engine capacity, etc. The Premium Calculator factors in all these factors and tells you the premium amount for your car in just minutes.