What is Car Insurance Premium Calculator?
A car insurance premium calculator is an online instrument that gives you the correct insurance premium for your car. The calculator tells the premium amount basis the car’s make, model variant and fuel type. The premium calculator also helps you take into account the No Claim Bonus entitled to you for not making any claim in the previous policy period.
How to Use Car Insurance Premium Calculator?
Step 1: Select Car’s Make, Model, Variant and Fuel Type.
Step 2: Pick Car’s Registered City and Purchase Year.
Step 3: Tell us if you had made any insurance claim in the previous policy period.
Step 4: Click on ‘Calculate’ and know the correct IDV and insurance premium amount for your car.
Benefits of Car Insurance Premium Calculator
- Right IDV - The premium calculator tells the right Insured Declared Value (IDV) of your car. You receive the IDV as compensation in case of theft or total loss of your car.
- Correct Premium - As the name suggests, the premium calculator tells the right insurance premium amount for your car.
- Helps you Make an Informed Decision - The premium calculator helps you make an informed decision by telling you the correct IDV and insurance premium for your car.
- Helps You Choose the Right Plan: By knowing the right IDV and insurance premium, you can easily compare the available insurance plans and choose the one which is best for you.
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 variety of factors like the car’s make, model, variant, fuel type, RTO location, etc. The Premium Calculator lets you know the right insurance premium amount for your car instantly.
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