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Car Insurance Premium Estimator

Estimate your annual car insurance premium based on your car's value, age, coverage type, and No-Claim Bonus discount.

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🚗 Enter Car Details

2y
IDV: Insured Declared Value = Car value after depreciation (basis for claims)
NCB: No Claim Bonus — reward for not making claims

📊 Estimated Premium

Enter car details and click Calculate
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Disclaimer: Premium estimates are indicative only, based on typical market rates. Actual premiums vary by insurer, city, medical underwriting, and specific policy terms. Always compare quotes from multiple insurers and read policy documents carefully before purchasing.

How Car Insurance Premium Is Estimated

Your premium is built from the car's Insured Declared Value (IDV) — roughly its current market value, which depreciates with age — plus an Own Damage premium (only for comprehensive/zero-dep plans) and a fixed Third-Party premium set by IRDAI regardless of insurer. Your No-Claim Bonus (NCB), which grows with every claim-free year, is then applied as a discount.

Worked Example

An ₹8,00,000 car, 2 years old, with Comprehensive coverage and a 25% NCB (2 claim-free years): IDV depreciates to ₹7,20,000, Own Damage premium ≈ ₹18,000, fixed Third-Party premium ≈ ₹2,094, minus the 25% NCB discount (₹4,500) = total premium ≈ ₹15,600/year.

Frequently Asked Questions

Third-Party is the legal minimum in India and only covers damage/injury you cause to others — it doesn't cover damage to your own car from accidents, theft, or natural disasters. Comprehensive coverage costs more but protects your own vehicle too, and is strongly recommended for any car still holding meaningful resale value.
NCB is a discount (starting around 20% and rising to 50%+ over 5+ claim-free years) that rewards you for not filing claims. It's tied to you, not the car, and can be transferred to a new policy or vehicle. Avoid filing small claims that cost less than the NCB discount you'd lose — it's often cheaper to pay minor repairs out of pocket.
For cars under 5 years old, generally yes — standard comprehensive policies deduct depreciation from claim payouts (so you receive less than full repair cost for parts), while Zero Dep pays the full amount without that deduction. The extra premium is usually well worth it while the car is newer and repair costs are higher relative to its age.
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