🚗 Car Insurance Premium Calculator

Calculate your vehicle insurance premium instantly. Get accurate estimates for comprehensive and third-party car insurance costs based on your vehicle details.

Enter Your Vehicle Details

🚙 Vehicle Type

💰 Vehicle Value (₹)

📅 Vehicle Age (Years)

📍 Registration City

🛡️ Insurance Type

👤 No Claim Bonus (NCB)

🎯 Optional Add-ons

Zero Depreciation Cover Engine Protection Roadside Assistance Consumables Cover

Why Use Our Car Insurance Premium Calculator?

Planning to buy car insurance or renew your existing policy? Our advanced insurance premium calculator helps you estimate your vehicle insurance costs accurately. Whether you need comprehensive coverage or third-party insurance, get instant premium quotes based on your car’s value, age, and location.

Understanding insurance premiums is crucial for making informed decisions. Our calculator considers multiple factors including vehicle type, IDV (Insured Declared Value), no claim bonus, and optional add-ons to provide you with the most accurate estimate possible. Compare different coverage options and choose the best insurance plan for your needs.

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Accurate Premium Estimates

Get precise insurance premium calculations based on vehicle value, age, type, and comprehensive add-on coverage options.

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NCB Discount Calculator

Calculate your no claim bonus discount up to 50% and see how it reduces your annual insurance premium.

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Add-on Coverage Options

Compare costs with optional add-ons like zero depreciation, engine protection, and roadside assistance.

Types of Car Insurance Coverage

🛡️ Comprehensive Car Insurance

Comprehensive insurance provides complete protection for your vehicle against accidents, theft, natural disasters, fire, and third-party liabilities. This policy covers both own damage and third-party claims, making it the most recommended insurance option for vehicle owners. Premium costs vary based on vehicle value and depreciation.

👥 Third Party Insurance

Third-party insurance is mandatory by law and covers damages to other people’s property or injuries caused by your vehicle. While this is the most affordable option, it doesn’t cover damages to your own car. The premium is fixed by IRDAI based on vehicle engine capacity and is renewed annually.

Factors Affecting Insurance Premium

Vehicle IDV (Insured Declared Value): Higher vehicle value means higher premium. IDV decreases with vehicle age due to depreciation, affecting your insurance cost calculation.

Vehicle Age & Depreciation: Older vehicles have lower premiums due to reduced market value. However, finding comprehensive coverage for very old cars can be challenging.

Registration Location: Metro cities have higher premiums due to increased accident risks and higher repair costs compared to smaller cities.

No Claim Bonus (NCB): Claim-free years earn you NCB discounts up to 50%, significantly reducing your renewal premium costs.

Vehicle Type & Make: Luxury cars and SUVs have higher premiums due to expensive spare parts and higher repair costs compared to hatchbacks and sedans.

Popular Insurance Add-on Covers

🔧 Zero Depreciation Cover

Covers full claim amount without depreciation deduction on parts. Highly recommended for new cars and valuable vehicles for maximum claim settlement.

⚙️ Engine Protection Cover

Protects your engine from water damage and related repairs. Essential during monsoon season and in flood-prone areas.

🚙 Roadside Assistance

24/7 emergency support for breakdowns, flat tires, towing services, and fuel delivery. Great value for frequent travelers.

🛢️ Consumables Cover

Covers costs of consumable items like engine oil, nuts, bolts, and screws during repairs, which are typically excluded from standard policies.

💡 Tips to Reduce Insurance Premium

Maintain Claim-Free Record: Avoid making small claims to preserve your NCB discount. Minor repairs out of pocket can save money on long-term premiums.

Install Anti-Theft Devices: ARAI-approved anti-theft systems can qualify you for premium discounts and improve vehicle security.

Opt for Higher Voluntary Deductible: Agreeing to pay a higher deductible amount can reduce your annual premium significantly.

Bundle Policies Together: Many insurers offer discounts when you purchase multiple vehicle policies or combine with other insurance products.

Choose Add-ons Wisely: Only select add-ons you actually need based on your vehicle age, usage patterns, and location to avoid unnecessary costs.

Understanding Car Insurance Premium Calculation

Insurance premium calculation involves multiple factors working together. The base premium depends on your vehicle’s IDV, which is determined by the current market value minus depreciation. For comprehensive insurance, both own damage and third-party liability premiums are calculated separately and combined.

The Insurance Regulatory and Development Authority of India (IRDAI) sets standardized rates for third-party insurance based on vehicle engine capacity. However, own damage premium varies significantly between insurance providers, making it important to compare quotes from multiple insurers before purchasing or renewing your policy.

Your no claim bonus is one of the most valuable benefits of maintaining a claim-free record. This discount accumulates annually, starting at 20% after the first claim-free year and reaching up to 50% after five consecutive years without claims. NCB is transferable between insurers and can be retained even if you change your vehicle.

When selecting insurance coverage, consider your vehicle’s usage, parking location, and your budget. While third-party insurance is mandatory and more affordable, comprehensive coverage provides peace of mind with complete protection. Use our calculator to compare different scenarios and make an informed decision that balances cost with adequate coverage for your valuable vehicle.