Car Insurance Premium Calculator

• 1Enter Car Details -Enter your car’s registration number. Our system will auto-fetch other details like make, model, fuel type, car variant, etc. Afterwards enter claim-related details.
• 2Choose Coverages -Choose the coverage and add-ons you want to include with car insurance.
• 3Get Results -You will get quote for various plans as per the details provided by you.

• 1Know Accurate Premium Beforehand: A car insurance premium calculator can provide an accurate estimate of how much a car owner may need to pay for an insurance coverage.
• 2Plan Your Finances/Budget: Car insurance premium calculator help you to plan your budget more effectively and avoid any surprises when it comes to paying the insurance amount.
• 3Time-Saving: Calculating insurance premiums manually can be time-consuming. A premium calculator eliminates the need for manual calculations, saving car owners time and effort.
• 4Selection of Right Plan: Four Wheeler Insurance premium calculator allows car owners to customize their coverage options to see how each option affects their premium. This helps them in selection of the right plan by making informed decisions about the types and levels of coverage they need.
• 5Transparency: Four Wheeler Insurance premium calculators provides transparency throughout the insurance buying process. This can help build trust and confidence among car owners.
• 6Free Tool: The car insurance calculator is a free online tool. You can use it multiple times without paying any cost.

• 1Own Damage Premium (OD)
• 2Third Party Liability Premium (TP)

The Third party car insurance premiums (TP) are fixed by IRDAI depending on car engine capacity or on car battery capacity, while the Own Damage Premium (OD) depends on several other factors. Let’s check these factors in detail.

• Make and Model of the car-Different cars have different classes, usage & costs and therefore, the premium of insuring them is different.
• Age of the car-As the car gets older, its value decreases. The premium will also decrease, as the car gets older.
• Car’s Market Value-The current value of your car depends on its functionality, condition, miles covered and brand. The higher the car value (IDV), the higher the premium would be.
• Type of Fuel-Generally, you pay higher premium for a diesel-powered car in comparison to same make, model, and variant of a car powered by petrol.
• Add-ons You Choose-Every add-on has its own cost. Therefore, the number of add-ons you choose will affect the cost of your insurance policy.
• Where You Live-Metro cities have densely congested roads. Therefore, car insurance premiums are generally higher in metro cities as compared to non-metro cities.
• No Claim Bonus-The insurance premium for your car will vary according to the value of No Claim Bonus (NCB) while renewing. The higher the NCB is, the lower would be the premium amount.
• Deductible-A deductible is the amount you pay towards the total repair costs, before the insurer covers rest of the costs. You can opt for a higher deductible to get lower premiums.

• 1Enter Registration City: Car owners need to enter the RTO under which your car is registered. Once this is done, click the ‘continue’ button on the premium calculator page.
• 2Select Car Manufacturer Brand: Then, you need to select the brand of your car. Once you do this, the car insurance calculator will automatically proceed to the next step.
• 3Select Car Model: Next, the car insurance calculator will prompt some of the common models under the brand you have chosen. After finding the car model, click on it to proceed. You can even use the search bar to find the model.
• 4Choose Fuel Type: The car insurance calculator will then ask you to choose the default kind of fuel that your car uses – petrol, diesel, electric, etc.
• 5Choose Your Car Variant: Next, you have to choose the variant of your car. The car insurance calculator will provide you with options to choose from and a search bar where you can manually enter the variant of your car.
• 6Choose Your Car Value: You need to declare invoice price of your car. Once done, the car insurance premium calculator will show you premium for various plans available.
  
  

You can select the plan, which is suitable to you as per your budget and coverages required.

• 1Enter Car Registration Number -Enter your car’s registration number and our system will auto fetch other details like car manufacturer, model, fuel type, variant etc.
• 2Choose Coverages -Confirm the auto-fetched details and choose coverage and add-ons you want to include with car insurance.
• 3Enter Claim History -Enter the details related to claim history, ownership change of car.
• 4Get Recommended Plan -The insurance premium calculator will display premiums for third party, own damage, comprehensive and zero-depreciation plans. You can choose your preferred plan and continue to buy car insurance.

• OD (Own Damage)-Own Damage (OD) is the component of a comprehensive insurance policy that covers the damage caused to your vehicle in an accident or due to unfortunate events like fire, theft, etc.
• Voluntary Deductible-In case of a claim, you need to pay a tiny fraction of the costs before your insurance plan steps in and covers the rest. This amount that you pay is known as the deductible of your plan. There are two kinds of deductible, compulsory and voluntary.
  Every plan has a fixed amount of compulsory deductible. However, you can opt to pay a certain amount on top of the compulsory deductible in order to enjoy lower premiums. You can check what effect of a higher voluntary deductible can have on your premium through our online car insurance calculator.
• IDV (Insurer Declared Value)-IDV stands for Insurer Declared Value. It is the maximum compensation your insurance provider will offer in case of total loss of your vehicle due to an accident or any other unfortunate event. The higher your IDV, the higher your car insurance premium is.
  However, with our online car insurance calculator, you can increase or decrease the IDV of your car to avail the higher or lower premium amounts. In this case, opting for an extremely low IDV can seem tempting, but remember, in case of a total loss, you will get compensation equal to your IDV.
• NCB (No Claim Bonus)-The online car insurance premium calculator will ask you whether you have made any claims on your existing plan or not. If you have not made any, then the NCB comes into place. The NCB is a discount the car owner receives for not making a claim against his/her car insurance policy. The longer you go without making a claim, the higher your NCB will. The maximum NCB you can receive is 50%.
  If you already have an existing NCB, you can mention that into our car insurance calculator and it will provide instant quotes with lower premium amounts.