What is a Car Insurance Premium Calculator?
A car insurance premium calculator can be understood as a digital or online method developed to assist you in attaining the actual premium amount. It requires you to fill up the basic details of your car such as your car’s make, car’s model, year of registration, RTO location, etc to get the correct insurance premium for your car. Entering all these details will make the insurance calculator generate a premium for you.
How to Use a Car Insurance Premium Calculator?
Step 1: Choose the Make, Model, Variant and Fuel Type of your car.
Step 2: Choose the Registered City and the Year of Purchase of your car
Step 3: Declare if you have made any car insurance claim against your car in the last policy term.
Step 4: Hit the ‘Calculate’ button to get the right IDV and premium amount for your car insurance.
Benefits of Car Insurance Premium Calculator
- Right IDV – The calculator allows you to get the right IDV, which suits the make, model and age of your car. By acquiring the Right IDV, you can get the actual market value of your car in case of theft or any loss.
- Correct Premium – No doubt, this is the basic reason for using this calculator. It helps in making available a lot of car insurance premium quotes to choose from. This will assist you in getting the best plans at the best prices.
- Assist in Making an Informed Decision – With this calculator, you can easily make prudent decisions to safeguard your car. Besides, it assists you in understanding the factors involved in the computation of the amount of your car insurance premium.
- Gives an Economical Approach – This premium calculator gives you the correct premium for your car which helps you compare available premium quotes and select the best deal as per your budget and requirement.
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 for standalone own-damage and comprehensive car insurance plans depends on various factors such as make, model, and variant of the car, fuel type of the car, registration location of the car, and so on. Calculate your premium by entering the details of your car with the help of our premium calculator.