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Magma Car Insurance Premium Calculator

A Magma car insurance premium calculator can be used to ascertain a Magma car insurance policy before purchasing one. With the help of this calculator, you can get the correct premium amount based on your car’s details.

Benefits of Magma Car Insurance Premium Calculator

A Magma car insurance premium calculator offers various benefits to the policyholder. These include:

Quick Calculation: Using a car insurance premium calculator, you can quickly calculate the premium of your four-wheeler insurance policy.
Customized Premium: With the help of a car insurance premium calculator, you can calculate customized premium based on your car’s model, variant and other details.
Get Right IDV: With a Magma car insurance premium calculator, you can also get the right Insured Declared Value of your car before buying a policy.
Compare Car Insurance Quotes: By using a Magma car insurance premium calculator, you can also compare multiple car insurance quotes online.

How to Use Magma Car Insurance Premium Calculator?

Using the Magma four-wheeler insurance calculator is a simple task. Follow these steps to use this calculator online:

Visit Magma car insurance premium calculator on Policybazaar.com
From the given table, select the brand of your car such as Maruti, Honda, Tata, etc
Now select the model of your car
Select your car's fuel type
Once, you have selected the fuel type, you can select your car's variant
Now select the car's registration year along with the RTO
The last step is to select whether you have previously made a claim or not
Now press the 'Calculate' option
Your car insurance price along with the IDV will be calculated.

How to Reduce Magma Car Insurance Premium?

To reduce Magma car insurance premium, you can follow these below-mentioned ways:

Avoid Making Small Claims: Making claims for minor damages, can lead to higher premiums as you will lose your accumulated NCB reward. A No Claim Bonus is a discount given by insurers on renewal premiums for not raising a claim during a policy year. However, it becomes nullified as soon as a claim is raised. Thus, make sure to not raise claims for minor damages to avoid losing your NCB.
Choose the Right Coverage: Choosing the right insurance coverage is also essential in reducing your car insurance premium. Third-party coverage carries a lower premium than a comprehensive one. Thus, before purchasing Magma four-wheeler insurance, make sure to choose the coverage that you require for your vehicle.
Choose the Right Add-on: An add-on also increases the premium of a four-wheeler insurance policy. The more add-ons you add to your policy, the more will be the premium. Therefore to reduce your Magma car insurance premium, you must only purchase the add-ons that you need for your four-wheeler.
Install Anti-Theft Devices: Anti-theft devices add a layer of security to your four-wheeler which in turn also reduces the liability of the insurer. Thus, your car insurance premium reduces upon their installation. However, you must make sure to only install ARAI-approved anti-theft devices in your car.

FAQs

Q1. Can I compare Magma car insurance plans online before purchasing one?

Ans: Yes, you can compare Magma car insurance plans on Policybazaar.com before purchasing a plan for your four-wheeler.
Q2. Is it compulsory to have a third-party car insurance policy?

Ans: Yes, as per the Indian Motor Laws, it is mandatory to own third-party car insurance to legally drive on Indian roads.
Q3. How to calculate the insurance premium of my Honda City car online?

Ans: You can calculate the insurance premium of your Honda City car easily by using a car insurance premium calculator.
Q4. Why is it necessary to use a Magma car insurance premium calculator?

Ans: With the help of a Magma car insurance premium calculator, you can easily calculate the premium of your car before buying a car policy. This will help you get the best car coverage without spending too much on premium.

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Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in