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Car Insurance Calculator helps you to select from the best plans, suiting your budget and needs. Compare plans from top insurers for your new or used car
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About Product

Car Insurance Calculator

Car Insurance Calculator helps to calculate best car insurance policy online on the basis of the information provided by the customers. Different sets of customers do have their own specific requirements and car insurance calculator helps them to evaluate and get the policy as per their requirements.

Car Insurance Premium Calculator

It is an online feature that allows its customer to calculate the premium amount for the vehicle on the basis of the information details provided by them. For calculating the exact premium, the customer needs to mention the specific details that include date of registration, car details, policy start date and other extra coverage details.

Car Insurance Premium Rates

Car Insurance Calculator provides the customers with lots of variation in terms of premium rates as per their requirements. You can get the car insurance premium rates by feeding the exact information of the vehicles that you are going to purchase. It is just the matter of few clicks through your mouse and you’ll get what you want.

Premium Calculator for Used Car

People who cannot afford a brand new car can look for purchasing used cars. For that purpose, there is just the need of calculating the overall premium to be paid. Premium calculator for used car allows the economically efficient customer to get the best deal as per the requirements. One can just go for filling up the basic details and take the benefit of the entire purchase.

Premium Calculator for New Car

Brand new car is something that everyone desires. Premium calculator for new car offers you the best deal by comparing all sets of facilities offered by different companies. It is a mere solution to the concerns of the customers. There are as such different automobile companies that offer you a variety of vehicles so that you can use premium calculator for new car to fulfill your dream.

Car Insurance Premium Renewal

Customers who have already brought an insurance policy for car need to renew the policy at regular intervals to get the benefits. Each of the policy is designed with predetermined expiry dates, after crossing that particular date; customers need to get renewal for the insurance policy. One can easily renew the policy online.

Car Insurance Premium Comparison

To get appropriate car policy, comparing two different policies can be the right tool. By comparing the premiums, one can easily make out the beneficial insurance. One can select the best policy designed as per the particular needs and requirement by following some simple steps.

How to Calculate Car Insurance Premium

To get accurate insurance premium value, every insurance company uses its own method. For calculating the premium value, you would have to fill the details about the vehicle including vehicle manufacturer, vehicle model, variant name, year of manufacture, state of registration of Car, etc., with person’s own details.

Car Insurance Calculator

Car Insurance Calculator is a valuable tool that helps the buyer to get the best car insurance plan on the basis of his specifications. Simply put, car insurance calculator helps buyers to evaluate their insurance needs and get an appropriate policy accordingly.

Benefits of Car Insurance Calculator

Using a car insurance calculator prior to buying a plan makes the overall process easy and convenient for the buyer.

  1. Get a choice of rates suiting your budget and needs and choose the best option
  2. See for yourself how changing variables of coverage change your premium
  3. No more taking your buying decision in haste or under influence of the agents

How to Calculate Car Insurance Premium?

For calculating the exact premium, the customer needs to feed in certain parameters in the calculator including his personal details as well as the specifications of the vehicle to be insured. Coverage variables that go in deciding the premium are:

Age and Gender – Individual below 25 years of age are perceived by the insurance company to be more likely involved in accidents and hence individuals in the age bracket of 18 – 25 have to shell out a higher premium.

Car Make, Model and Variant – For obvious reasons, high end cars like Audi and Bentley are insured at a higher price than budget car like Alto and Santro. On similar grounds, SUVs are insured at a higher premium than a family car.

Place for which you Need the Insurance - Since the traffic density is higher in the urban areas, cars are insured at a slightly higher premium in the urban areas compared to the sub urban areas.

Fuel Type – Compared to a plain petrol/diesel car, you’ll have to pay a higher premium for insuring a CNG fitted car.

Year of Manufacture - The older your car, the lesser is its Insured Declared Value (IDV) and the lesser the IDV, the lesser is the premium.

Discounts – Certain professionals such as defense personnel, doctors and govt. employees are entitled to get an additional discount on their premium.

Voluntary Access - Voluntary access is the minimum amount that you declare to bear at the time of claim. The higher deductible you opt for, the lower will be your premium.

Antitheft Discount – You are entitled to get 2.5% off on the premium, if your car is fitted with an ARAI approved anti theft device.

No Claim Bonus – No Claim Bonus is offered to the insured for every claim free year. It is a cumulative discount and varies from 10% to 50%. NCB can be transferred to another car or policy.

Car Insurance Premium Rates

As can be seen above, car insurance premium rates differ on numerous variables. Essentially, the more extensive the coverage, the higher your premium rates will be.

Car Insurance Calculator can be used to calculate the premium whether you are planning to buy a new policy for your new car or second hand car. It also works well to figure out the premium for getting your policy renewed.

Compare the Plans

Once you put in your specifications, the calculator yields premium rates offered by various insurers. You can compare the quotes and take your pick Many buyers make premium rates the sole criteria of comparison. This is not right. There are other features and benefits in a plan to look out for. If you are getting a better coverage at a slightly higher premium, you should prefer it over a lower coverage plan.

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Frequently Ask Question

What are the types of car insurance?

Ans:

Generally there are 3 types of car insurances:

  • Third Party Liability Insurance – It covers the insured against damage caused by him/her to a person/property
  • Collision Insurance – It covers the insured against damage to his/her own vehicle caused by an accident.
  • Comprehensive Insurance – A comprehensive coverage protects the insured against damage caused by natural/man-made calamities, collision and theft as well as damage caused by the insured to a third party. It also includes a personal accident cover.

Apart from these, there are other types of coverages too. Uninsured motorist coverage protects the insured financially if he gets hit by a motorist who doesn't have a third party liability insurance. Medical coverage gives a financial protection against injuries and lost wages.

Is it mandatory to have car insurance in India?

Ans:

It is mandatory by law to get a third party liability coverage. But it is always better to buy a comprehensive coverage as it protects the insured not just against third party liability but also the damage caused to self, one's own vehicle and co-passengers.

What factors affect my car insurance premium?

Ans:

There are a number of factors that determine car insurance premium. The key factors are:

  • Car make, model and variant
  • Insured Declared Value
  • Type and degree of coverage
  • Deductibles
  • Anti-theft device
  • Profession
  • Driving history
  • Claiming history
  • Age and gender

How to save on the premium?

Ans:

Premium can be reduced if the insured voluntarily decreases the Insured Declared Value (IDV) of his own vehicle. The insurer gives discount on premium on insuring a car installed with anti-theft device. Opting for voluntary excess is another way to lower down the premium. Getting and comparing quotes online can help you save big too.

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Expert Speak

When it comes to car insurance, many consumers face an issue at the time of making a claim because of the very many miscommunications and misunderstandings involved. the biggest being the assumption that once insurance is bought all charges in case of an accident will be borne by the insurance company. the fact is, irrespective of the plan, there will always be a charge that will have to be borne by a consumer at the time of a claim.firstly, it must be noted that a motor insurance policy does no ...

Hear our customers

Thanks all of you! I got my car policy hard copy by the insurance company as well in time. Regards Ashutosh Balakrishnan -

I am really happy the way I was helped in process of the insurance renewal. The guidance was perfect, very helpful and in detail. Thanks. Shantanu Kulkarni -

I would like to acknowledge you for having such a wonderful staff to help customers seamlessly. Thanks to the benefits described, I am aware of various aspects of insurance like IDV, Zero Dep & other add-ons. Good Job !! Anoop Somnath -

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