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Car Insurance Premium Calculator
Just enter your car number and calculate premium instantly!
Just enter your car number and calculate premium instantly!
Buy/Renew Car Insurance Policy Online
Leave Your Worries Behind, Buy Car Insurance Online!
Buy/Renew Car Insurance Policy Online
Leave Your Worries Behind, Buy Car Insurance Online!
Using a car insurance calculator is extremely important. It will provide you with all the vital information required to make an informed purchase decision. Here are some reasons why you should use online car insurance calculator before buying a motor insurance policy for your vehicle.
This is one of the most important reasons for using a car insurance calculator. It will tell you premium amount based on the specifications of your car and the coverage you have selected.
A car insurance calculator can help you choose the right add-ons. You can select the add-ons you think are suitable and the calculator will adjust the price based on your choices, budget and needs.
An online car insurance calculator allows you to adjust numerous factors that affect the premium of your policy. These include IDV, the voluntary deductible, etc. You can try different variables until you find a combination that matches your coverage and fits your budget.
.You can calculate the premium by yourself without being dependent on any third party or agent, which may also not pass the right information to you.
Premium of Car Insurance consists of two main parameters. These are -
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.
This is stipulated by the Insurance Regulatory and Development Authority of India (IRDAI), and it is directly proportional to your vehicle Engine Capacity / Battery Capacity / GVW. Let’s check the latest price of third party insurance as defined by IRDAI effective 1st June 2022.
Third Party Premium for Four Wheeler:
Private cars with engine capacity | Premium rate (effective 1st June 2022) |
---|---|
Not exceeding 1000cc | ₹ 2,094 |
Exceeding 1000cc but not exceeding 1500cc | ₹ 3,416 |
Exceeding 1500cc | ₹ 7,897 |
Third Party Premiums for Electric Vehicle (EV) Four Wheeler:
Vehicle kilowatt capacity (KW) | Premium rate (effective 1st June 2022) |
---|---|
Not exceeding 30KW | ₹ 1,780 |
Exceeding 30KW but not exceeding 65KW | ₹ 2,904 |
Exceeding 65KW | ₹ 6,712 |
Buy/Renew Car Insurance Policy Online
Leave Your Worries Behind, Buy Car Insurance Online!
Car insurance calculators for brand new cars are designed to be user-friendly tools. They have a simple process that’s easy to understand and extremely straightforward. To make things even easier, we have highlighted a step-by-step guide on how to use our online car insurance calculator for brand new cars. It will help you get instant car insurance quotes with complete ease!
You can select the plan, which is suitable to you as per your budget and coverages required.
Online premium calculation process for an old car is same as of new car, the only difference is car value and any claim on car done in previous tenure plays an important role. So, here is the step by step process:
Buy/Renew Car Insurance Policy Online
Leave Your Worries Behind, Buy Car Insurance Online!
Buy/Renew Car Insurance Policy Online
Leave Your Worries Behind, Buy Car Insurance Online!
Wide Network for Cashless Repair
Smartphone Enabled Self-inspections
Super-Fast Claim Settlement
Reliable 24x7 Roadside Assistance
24*7 Claim Support
Trusted Brand for more than 22 Years
High Claim Settlement Ratio
Wide Network of Agents and Branches
Customized Plan via Multiple Add-ons
A car insurance premium calculator will provide you with an estimated premium amount for a variety of car insurance policies. Let’s check few most common types of IFFCO Tokio Car Insurance Policy -
This is a basic form of car insurance mandated by law. Third party car insurance offers coverage for damages and injuries caused to third party.
Standalone own damage cover can be taken only if you already have the third-party cover for your car. This provides protection for the insured car itself against various risks excluding the third party liabilities.
As the name suggests, these plans offer comprehensive and all-around protection. They provide both own-damage and third-party coverage.
You can also purchase long-term insurance for your car. These plans offer three years of third party cover bundled with a single year of own damage cover.
Of course, the own damage cover would have to be renewed every year for continued protection.
IFFCO Tokio offers various add-ons against car insurance policies as below
With this add-on coverage, you can receive the complete compensation of your claim without deducting the depreciation.
Roadside Assistance Cover offers support to get the vehicle back in working condition or to arrange alternative solutions. Few services include Towing, Battery Jump Start, Flat Tyre Assistance, Fuel Delivery etc.
Under this add-on, damage to the car’s engine or gearbox is covered against an Accident, Water Ingression or Leakage of Lubricant oil.
Pays for consumable parts like nut and bolt, grease etc, which aren’t covered in a standard car insurance policy.
Pays for repair or replacement of car keys, locks due to accident or attempted theft.
Pays for the repair or replacement of tyre unfit for use due to tyre bursts, bulges, cuts, and accidental damage.
Buy/Renew Car Insurance Policy Online
Leave Your Worries Behind, Buy Car Insurance Online!
Intimate
Survey & Verify
Settlement
After purchasing your car insurance plan, you have peace of mind about the safety of your car.
Please note that you can register a car insurance claim via following modes –
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Their car insurance policy is the most affordable and comprehensive. It takes care of everything.
The insurance policies are tailor-made for different cars. And those policies are comprehensive and the best.
Outstanding service delivery.
Impeccable execution.
When I heard Iffco Tokio for the first time, I didn't knew they would exceed my exspectations.
The details provided by the team were what was mentioned on the website. thanks.
If you are using a car insurance premium calculator for the first time or new to the car insurance field, it would be helpful to have a good understanding of the terms you might come across . So, here are those insurance terms that you need to know before using a car insurance calculator.
Write us at support@iffcotokio.co.in
Call us on 1800-103-5499
Disclaimer- * Third party premium for Cars with engines below 1000CC. Per day premium is for indication only. Premium is payable on an annual basis.