Car Insurance Premium Calculator

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20042019
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What Is A Car Insurance Premium Calculator?

A car insurance premium calculator is a very helpful online tool that helps you to calculate and figure out the insurance premium quote for your car. It instantly calculates the premium amount considering details such as car’s make, model, RTO details, Insured Declared Value (IDV), etc.

Benefits Of A Car Insurance Calculator

  • Using a car insurance calculator helps save time. It instantly tells the premium amount for your car.
  • It compares the premium rates as well as other variables offered by multiple insurers and helps you choose the policy best suitable for your needs and demands.
  • It offers you flexibility as there is no rush to make a decision and no external influence of an agent which may affect your choice.

How to Use Car Insurance Premium Calculator?

Every insurance provider has its own method of calculating the car insurance premium amount.

However, there are two major divisions namely, the premium calculation for used cars and premium calculation for new cars. You will be required to enter certain essential details in order to calculate the premium for your car insurance.

Essential vehicle details required for calculating the premium for used cars:

  • Make, model, variant of vehicle
  • Fuel type
  • Existing car insurance policy details (if any)
  • State and city of car registration
  • No Claim Bonus (NCB) or previous claim file reports and details (if any)

The car insurance premium calculator will then estimate the premium amount based on the details provided so that you opt for the ideal car insurance policy.

Vehicle details required for calculating the premium for new cars:

  • Car Manufacturer
  • Year of manufacture
  • Model of the car
  • Variant of car
  • Car’s registration state and city

Car insurance premium calculator will estimate the premium amount that you need to pay for your car insurance policy for your vehicle.

Factor Which Determine Car Insurance Premium

  • Vehicle owner’s age: According to track records, insurers consider that vehicle-owners below the age of 25 years are more likely to be involved in a mishap or road accident. This is why individuals that aged between 18-25 years tend to pay a higher premium value for coverage that others.
  • The fuel type required to run the vehicle: The premium for CNG (Compressed Natural Gas) fitted vehicles is higher than the premium charged for coverage of regular petrol/diesel run vehicles.
  • Geographical location: Insurance providers also rate the premium according to the place where the insured car will be mostly driven. For instance, areas with a higher traffic density such as urban cities will be charged higher premium rates than rural locations or areas which have lower risks and traffic density.
  • Insured Declared Value (IDV): Insured Declared Value is the maximum amount that an insurer pays to a policyholder in case of total loss or theft of the vehicle. The IDV depends on the brand, manufacturer's selling price, model of the vehicle, RTO details, etc. It affects the own damage premium of the insurance policy.
  • Car’s Cubic capacity also helps determine the premium for the Own Damage cover.
  • Car’s make, model and variant also affect the premium of your car’s insurance cover.
  • Car’s manufacturing year: Older cars have lower IDV values which indicate that the premium for the vehicle will be comparatively lesser than new vehicles with relatively higher IDV values.
  • No claim bonus (NCB): No claim bonus is a discount on the premium for Own damage cover when no claim was filed during the tenure of the chosen policy. This is provided to you for the number of years who did not make any insurance claim.
  • ARAI Anti-theft discount: Vehicles that have ARAI (Automotive Research Association of India) approved anti-theft devices fitted are entitled to get 2.5% off on the premium rates.

Premium Calculator Car Insurance Companies

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Car Companies User Reviews

  • Excellent work by executive

    You executive is an excellent resource who has been very patient and calm in his work. He explained the policy in very well manner and helped me get r...

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    S
    SYED REHMAN
    On: 21st May, 2020 | Views
  • Excellent opportunity for the vehicle owners

    Very much happy with the service provided by keeping the quotations from different insurers to select the best price.

    N
    NAGAVALLI
    On: 20th May, 2020 | Views
  • Great support

    Excellent great support.

    M
    MOHIT KAUL
    On: 19th May, 2020 | Views
  • Great support from team

    Very good support from executive

    S
    SHAMS TABREZ ANSARI
    On: 16th May, 2020 | Views
  • The service by your executive was outstanding!

    Executive of insurancedekho.com have done a great job in assisting me. Special thanks to the team of Insurance Dekho.

    J
    JITENDER KUMAR
    On: 13th May, 2020 | Views
  • Easy App

    Super and easy app. Convenient to choose insurance policy.

    V
    VASANTHI SUNDAERA MURTHY APPUIYER
    On: 13th May, 2020 | Views
  • Easy Insurance service

    Very nice service and facility given on call support.

    P
    PAWAR PATIL ANIL
    On: 12th May, 2020 | Views
  • Exemplary service

    I have been provided the best possible service that too at 5am by your executive. It was exemplary! Employee like her is an asset and must be valued ...

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    M
    M M M INDIA LTD
    On: 12th May, 2020 | Views
  • Good Support

    Good support from Insurance Dekho team.

    P
    Pushp Mahindra
    On: 28th April, 2020 | Views
  • Supportive person

    Nice executive who is an expert in the field of insurance

    P
    Pankaj Rawat
    On: 23rd April, 2020 | Views
  • Great Support for quick Insurance

    Good experience and quick service as always.

    K
    KHALIDAMEEN
    On: 16th April, 2020 | Views
  • Good job biddya

    Thank you so much to your executive for his assistance. First time I have taken online policy from you.

    S
    SITARAM PRAJAPATI
    On: 29th July, 2019 | Views