Magma HDI Car Insurance Premium Calculator

A Magma HDI 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.

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Compare & Save upto 85%* on Car Insurance

Cashless garages4000

Plans starting @₹ 3507

Claim settlement ratio

Claim settlement ratio 97.1%

*TP price for less than 1000 CC cars. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Benefits of Magma HDI Car Insurance Premium Calculator

A Magma HDI 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 calculator, you can calculate customized premium based on your car’s model, variant and other details.
  • Get Right IDV: With a Magma HDI 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 HDI Car Insurance Premium Calculator?

Using the Magma HDI 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 HDI Car Insurance Premium?

To reduce Magma HDI 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 HDI 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 HDI 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.

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