A car insurance calculator is an online tool that allows you to calculate a customised premium amount for your car insurance policy. All you need to do is enter details like your car’s make, model, variant, RTO location, purchase year, etc. and the premium amount will get calculated.
Car Insurance starting from ₹6/day* Save upto 75%* Claim Support*TP price for less than 1000cc four wheeler. All savings/offers are provided by the Insurers which are subject to modification. Terms and conditions apply
Car insurance starting from ₹ 2094/year* Registration Number Check PricesA car insurance premium calculator helps you know the actual premium which you should pay for getting a car insurance policy from different car insurance companies. This helps you in comparing the available car insurance quotes easily and make the right decision.
Car Insurance with NCB
Ex showroom rate
Insured declared value
Own damage premium
Third party premium
No claim bonus discount
Before even driving your newly purchased vehicle out of the dealership, obtaining insurance coverage is essential. This involves purchasing a new car insurance policy from an insurance provider. Therefore, when considering purchasing a new car, it is wise to allocate some time to determine the appropriate insurance policy.
Numerous car insurance providers are present in today's market, each offering appealing benefits. However, sifting through the array of plans, evaluating their advantages and characteristics, and ultimately choosing the most suitable option can be a daunting task. This is where a premium calculator for car insurance can be extremely useful.
A dynamic and efficient tool, the premium calculator has gained widespread popularity due to its advantages. Let's explore the benefits of utilising a Car Insurance Premium Calculator:
You can easily calculate car insurance premium with the help of the InsuranceDekho car insurance online calculator. The premium of a car insurance plan depends on the coverage of the plan and other factors such as car's make, model, variant, fuel type, RTO location, etc. The premium for third party car insurance plans is fixed by the IRDAI and it depends only on the car's engine capacity, whereas the premium for standalone own-damage & comprehensive car insurance plans is determined by the insurance companies and varies from the policyholder to policyholder.
Let's understand the premium price calculation for vehicle/car insurance better with an example.
For example, Mr. A wants to purchase a car insurance policy for his Hyundai i10 Asta which has the following details:
At InsuranceDekho, Mr. A can find the following premium quotes for his car/vehicle bearing the above-mentioned details:
Car Insurance Plan
Premium Amount
Standalone Own-Damage Plan
(Premium Rates As On August 2023)
Be it a third-party car insurance premium calculator or a comprehensive insurance premium calculator, they are designed with user-friendly interfaces, ensuring a straightforward usage process. To further simplify the process, here are the steps to follow when utilising the Car Insurance Premium Calculator:
Step 1 - Personal Information:
Upon accessing the car insurance premium calculator webpage, provide your contact information, including email address and mobile number.
Step 2 - Vehicle Registration:
Enter the registration specifics, including the registration date and the year of manufacture.
Step 3 - Make, Model, and Variant (MMV):
Input the make, model, and variant details of your car.
Step 4 - Fuel Type:
Choose the fuel type of your vehicle, indicating whether it is petrol or diesel.
Step 5 - Claims History:
Indicate whether you have made a claim previously or are eligible for a No Claim Bonus, and provide the associated details.
Step 6 - Plan Selection and Add-ons:
Select the type of insurance plan you want, be it third-party car insurance, Comprehensive Insurance, or a zero-depreciation car insurance policy. If you opt for a Comprehensive Insurance Plan, you can also include additional add-ons.
With all the information provided, the new car insurance calculator will proceed to calculate the premium and present the result.
Essential vehicle details required for calculating the insurance price online for used/old vehicle:
The insurance premium calculator for car 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:
The new car insurance price calculator will estimate the premium amount that you need to pay for your car insurance policy for your vehicle.
Here are some crucial factors which determine the calculation of premium amount for car insurance:
Here are some ways which can help you reduce your vehicle/car insurance premium:
The simplest way to lower your insurance premium is to earn No Claim Bonus (NCB) by not making any claim in a policy year. To make this happen, you should not make claims for small damages and pay them from your pocket. Also, you need to drive responsibly to avoid any accidents.
Online policy purchase brings a lot of difference in comparison to buying a plan through offline mode. Comparing policy quotes online can help policyholders find an affordable plan easily. Also, insurance companies offer policies at economical prices online due to the absence of any agent, etc.
Installation of anti-theft devices not only ensures security to your car from theft, etc., but can reduce the yearly insurance premium by around 5 percent. However, different insurers offer discounts only on anti-theft devices certified by the Automotive Research Association of India (ARAI).
With timely car insurance renewal, you can avoid a lapse in the plan which will ultimately save you from getting your car reinspected. It will allow you to avail the policy at the old rate and avoid the hike in premium.
You should transfer the NCB earned by you to your new car insurance policy. You can do so as the NCB is offered to the policyholder and not the car. Hence, it is prudent to retain the NCB benefit with you as it help you reduce your car insurance premium rate with the new car insurance policy.
A voluntary deductible involves contributing a certain amount toward repairs when filing a claim. Opting for a higher deductible can translate to a reduced premium. Utilising a car insurance premium calculator allows you to manage the deductible proportion, keeping the premium well within your budget.
Incorporating anti-theft devices not only shields your car from theft but also lowers the insurance premium. Safety features such as airbags, ABS, EBD, and more not only enhance your car's security but also positively influence the insurance company's perspective.
In a world where financial planning is key, the car insurance calculator emerges as an essential tool. It empowers us with the ability to make informed decisions, ensuring that our vehicles are safeguarded without breaking the bank. By effortlessly estimating premiums and comparing quotes, you're taking a proactive step towards smart financial management and comprehensive coverage. The car insurance calculator is your partner in securing a smoother road ahead.
InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
The car insurance premium calculator is a useful tool that helps insurance seekers to calculate the cost of the insurance premium for the car.
By InsuranceDekho 10 Oct 2023
This article is about the benefits of using a car insurance premium calculator. It briefly introduces the importance and top 4 benefits.
By InsuranceDekho 10 Oct 2023A car insurance premium calculator is simply an online tool that helps the policy buyer to get a policy quote from different insurance provider along with the amount of premium they are required to pay. You can use a car insurance premium calculator for free of cost at the InsuranceDekho website, which is one of the best premium calculators available online.
The model of the car is considered to be one of the important factors while calculating the premium paid towards car insurance cover. Premium paid against third party is based upon the engine cc of your car, and the make model also decides the Insured Declared Value (IDV) or make value of your car. A higher IDV results in an increased premium cost.
To calculate the premium for your car insurance plan, simply go to InsuranceDekho official website. Choose the brand of your car, its registered location and purchase year. Once you enter all the required details, the premium quote will appear on your screen.
The premium calculator allows you to choose the coverage, change the Insured Declared Value, include NCB and various add-on covers and depending upon the other details entered by you, it helps you in knowing the premium that you are required to pay towards your insurance company. It helps you in making a wise decision and well-informed choice prior to purchasing a good car insurance plan.
The basic car insurance premium is the recurring payment you provide to your insurance company, typically on a monthly or semi-annual basis. This payment ensures that you have insurance coverage, and once it's made, your insurer is responsible for the protections outlined in your policy, such as liability and collision coverage.
You can simply visit InsuranceDekho website in order to calculate premium payable towards your second hand or used car. Thereafter, you need to provide information like car make, car model, car variant, type of fuel, details regarding current car insurance policy, etc. Once you enter all the required information, your insurance premium will get displayed to you.
The factors affecting car insurance premium include Insured declared value of your car, vehicle type, model, make, engine’s cubic capacity, geographical location, etc.
A 12-month premium car insurance policy is an insurance coverage plan that spans an entire year. With this type of policy, your insurance rate remains consistent and locked for the duration of that year. At the end of the policy period, your insurance company assesses various factors, including your claims history and driving record, to make necessary adjustments to your premium.
Car insurance premiums in India are subject to substantial variation due to numerous factors. These elements comprise the vehicle's make and model, the policyholder's age and driving record, the primary usage location of the vehicle, and the specific coverage type and extent. Furthermore, insurance rates can differ among various insurance providers.
The monthly cost of car insurance is subject to significant variation due to several factors, which include..The monthly car insurance premiums can vary widely, ranging from as low as Rs. 1,000 to potentially exceeding Rs. 3,000. The specific cost is influenced by factors like Location, Age and Gender, Driving History, Type of Coverage, Vehicle Make and Model, Credit Score, Deductible and Discounts.
The monthly premiums for car insurance can encompass a spectrum, starting at Rs. 1,000 and extending to Rs. 3,000 or beyond. The actual cost hinges on elements such as the chosen coverage and the particulars of the individual.
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Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.
