How Vehicle Insurance Premium Calculator is Beneficial?

Vehicle insurance is mandatory in India as per legal laws. Vehicle Insurance should not be bought out of compulsion. The purchase should be made to provide optimum protection to the insured vehicle and to provide financial shield on the occurrence of an eventuality. Vehicle insurance ensures complete peace of mind by mitigating the unexpected expenses caused by an accident or any legal liability.

Read more



Stay home & renew car insurance in 2 minutes

No documents required
Get Car Insurance starting at only
₹2072/year*
Processing
Other options
Get Car Insurance starting
@ only 2072/year*
  • Save up to 85%* Lowest Car Premiums

  • 20+ Insurers To Choose From

  • 51 Lakh+ vehicles insured

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

Hence, one should opt for comprehensive car insurance India policy covering own damages as well as third-party damages. But buying an appropriate insurance policy is a challenge at times due to the lack of proper understanding of the policies. We do research using several comparison tools but still sometimes end up buying the wrong policy without understanding its coverage and various clauses. Here comes car insurance calculator into the picture.

Usually, car insurance can be bought in two ways- offline and online. In offline mode, you buy a policy either visiting the insurers’ office or approaching an agent. On the other hand, online insurance allows you to buy after thorough research and comparison of plans. Even you can buy car insurance by using car insurance calculator online. All you need is a PC and internet connection.

The Process of Online Comparison

There are insurance aggregator websites that help you getting the right plan through providing various comparison tools online. One such tool is vehicle insurance calculator which helps you make the right choice. In order to ensure a right purchase and decide on a plan, you must know the premium offered by different insurance providers. You prefer going for those whose premiums best suit your budget. Apart from this, knowing the credibility of an insurer, coverage, features etc. are some of the deciding factors at the time of buying. With an insurance calculator, you can avail this information within a few clicks. You just approach an aggregator website online follow the below instructions

  • Visit the website of the insurer or take help from an insurance aggregator
  • Select a plan
  • Provide necessary information
  • Calculate the premium and compare plans
  • Buy online by paying the premiums

Once you provide this information, the website will suggest various plans according to your requirement. Moreover, in order to ensure an effective policy comparison, it is important to know the premiums offered by a particular insurance provider, as it is the main differentiator when it comes to comparing car insurance in India.

Benefits of Vehicle Insurance Calculator

Car insurance calculator for vehicle is very helpful in buying the right kind of insurance policy. The perks of a premium calculator include:

  • Car insurance calculator helps you to determine premium of the insurance policy for your vehicle. It also helps you to understand details and clauses that are a part of automotive insurance policies. These details and clauses are very crucial to understand as they affect the premium of the insurance policy as well. If you have opted for a policy with extensive benefits, it would have cost you a higher premium. With insurance calculator, you can decide whether you need a policy with additional benefits or not.
  • Every customer is not the same as they have their own specific requirements and vehicle insurance premium calculator helps them to evaluate policies as per their requirements. Vehicle insurance calculator helps you to understand the structure of your insurance policy. Similar to private vehicle insurance, car insurance consist of three types of main insurance coverage; Third Party Insurance, Own Damage Cover and Personal Accident Cover. Sometimes, personal accident cover is inbuilt, while at times it comes as an add-on cover with the main policy. With a comparison tool, you can decide whether you need a basic policy or a policy with additional covers.
  • Apart from calculating the premium, it also compares the plans on other parameters such as the claim settlement ratio of the insurer, coverage offered, additional features etc.

Things to Keep Handy at the Time of Using Vehicle Insurance Calculator

At the time of buying car insurance plans with the help of a premium calculator, you should keep the below information handy:

  • Date of Registration: Most of the calculators ask the date of registration of your car.
  • Car Details: This information is also required by the insurance premium calculator. It includes the type of model along with the manufacturer’s name and total cost incurred by you.
  • Additional Coverage details: It also asks for the additional coverage required by you like personal accident cover for you and your family.

By simply providing this information, you can easily compare car insurance policy and get the best policy for the vehicle.

Written By: PolicyBazaar - Updated: 14 July 2021
You May Also Like
  • Transferring Car Insurance from One Person to Another

    Transferring Car Insurance from One Person to Another In the current economic climate that encourages consumers to “reduce, reuse and recycle”, it is becoming increasingly common for people to purchase second-hand...

    read more
  • 9 Secrets That Your Motor Insurance Provider Won’t Tell You

    9 Secrets That Your Motor Insurance Provider Won’t Tell You Due to the dangerous driving conditions, it is compulsory to have third party insurance for every vehicle plying on Indian roads. It ensures the overall saf...

    read more
  • Money Saving Advice for All Car Owners

    Money Saving Advice for All Car Owners After a dream home, a dream car is your second-largest purchase that you make in your lifetime. But the expense does not cease when you drive off the car dealer's lot. Read mor...

    read more
  • Difference Between Comprehensive Insurance and Third Party Insurance

    Difference Between Comprehensive Insurance and Third Party Insurance Comprehensive insurance is insurance coverage that pays for the repair or replacement of vehicle damages resulting from an incident. Comprehensive ca...

    read more
  • Types of Motor Insurance

    Types of Motor Insurance The word Motor broadly covers a lot of classes of vehicles plying on the roads. These may be two-wheelers like scooters and motorbikes, three-wheelers or four wheelers like private cars, jeeps, ...

    read more

Find similar car insurance quotes by body type

Hatchback Sedan SUV MUV
Search
Car insurance save up to 85
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Calculate your car IDV
IDV of your vehicle
Calculate IDV
Calculate Again

Note: This is your car’s recommended IDV as per IRDAI’s depreciation guidelines.asdfsad However, insurance companies allow you to modify this IDV within a certain range (this range varies from insurer to insurer). Higher the IDV, higher the premium you pay.

Policybazaar lets you compare premium prices from 20+ Insurers!
Compare Prices

Why buy from Policybazaar?

  • 24x7 Claims Assistance
    NEW
  • Cashless Assurance
  • 3-Day Repair Assurance
  • Free Pickup & Drop
  • Self Video Claims
  • Windshield Claims At Home
View Plans

Car insurance articles

Recent Articles
Popular Articles
How to Renew New India Assurance Car Insurance Online?

25 Jan 2022

Buying at least a third-party four-wheeler insurance cover is...
Read more
How to Prevent Reliance Car Insurance Claim Rejection?

24 Jan 2022

No one would ever want to get their car insurance claims rejected...
Read more
Types of Car Insurance Provided by Kotak Mahindra General Insurance

21 Jan 2022

Having valid motor insurance is a mandatory requirement for every...
Read more
Tips to Reduce Your Tata AIG Car Insurance Premium

19 Jan 2022

Planning to buy a Tata AIG car insurance policy but worried about...
Read more
Popular Inclusions and Exclusions in a Motor Insurance Policy

19 Jan 2022

Apart from being a mandatory purchase, a motor insurance policy is...
Read more
Transferring Car Insurance from One Person to Another
In the current economic climate that encourages consumers to “reduce, reuse and recycle”, it is becoming...
Read more
Getting Your Duplicate Car Insurance Policy is Easy-Here’s How!
Insurance offers much-needed financial protection in case of a crisis. When vehicle insurance is mandatory in India...
Read more
How to Check Car Insurance Status Online on Parivahan Sewa/ RTO?
In India, buying car insurance is a compulsion for every car owner. It doesn’t matter if you are an excellent...
Read more
Car Depreciation Calculator In India
Car depreciation is the difference in the value of a car between the time you purchase and when you sell it. In...
Read more
Multiple Ways To Check Your Car Insurance Status Online
Keeping a check on your car insurance policy is as important as purchasing a comprehensive insurance policy for...
Read more