Car Insurance Calculator

An online car insurance calculator can be used to calculate the premium amount of your car insurance plan. Just enter your details, including the make, model, and variant of your vehicle, RTO area, purchase year, as well as any other pertinent information. This will calculate your premium amount. A car insurance premium calculator will show you the cost of car insurance. It allows you to compare different car companies. This calculator allows you to easily compare car-insurance quotes so that you can make the best decision.

A car premium calculator can be a useful and reliable tool. It will help you choose the right car insurance policy, based on your shared details. It will save you time and allow you to quickly make the right decision.

Car Insurance Calculator – Benefits

A car insurance tool is a useful online tool that will help you determine and calculate the insurance premium cost to insure your car/vehicle. It instantly calculates the premium amount based on details such as RTO details, car’s make and model, and Insured Declared Worth (IDV), among others.

  • The car insurance calculator saves time. It instantly gives you information about the prices of the various insurance providers that are available for your vehicle.
  • It compares premium rates from different insurers to help you find the best policy for you.
  • It is flexible because there is no rush to make your decision and no external influence by an agent, which could impact your choice.
  • It will assist you in selecting the right Add-on Covers for your Car Insurance. This is based on your needs and your budget.
  • It allows you to adjust variables such as deductible, IDV, etc. that can impact your premium. You can experiment with variables until you find what works best for you.

How is Car Insurance Prime Calculated?

The InsuranceDekho car premium calculator makes it easy to calculate car insurance premiums. The coverage of a plan, along with other factors such as car make, model and variant, fuel type, RTO address, and others, affects the premium. The IRDAI establishes the premium for third-party car insurance plans. This premium is dependent on the car’s engine capacity. The premium standalone and complete car insurance policies are determined by insurers. Each policyholder is responsible for determining the premium.

Let’s examine an example of how premium prices for vehicle/car insurability are calculated.

Mr. A desires to insure his Hyundai i10A Asta with car insurance. He has the following details:

  1. Engine Capacity, 1197 cc
  2. Type of Fuel: Petrol
  3. Noida and 2018.
  4. NCB: 20%
  5. Policy Tenure: 1 Year

InsuranceDekho allows Mr. A to obtain the following premium quotations for his car/vehicle with the above-mentioned details.

Car Insurance Plan Premium Amount
Third-Party plan Rs. 3,221
Standalone Plan to Protect Yourself from Damage Rs. 2,966
Comprehensive Plan Rs. 6,187

(Premium Rates As On December 2022)

How to use Car Insurance Premium Calculator Online

Every provider of car insurance has its own way to calculate the insurance premium.

There are however two main divisions. The premium calculation for used cars is different from the one for new cars. To calculate the premium on your car insurance, you will have to enter some details.

These are the steps that you can take to obtain your car/vehicle insurance policy premium calculator.

  • Select the brand of your car, its variants, and the fuel type.
  • Pick the correct location of your car
  • Choose the year you purchased your car
  • To confirm if you have filed any claim during the last year, choose ‘Yes/No’
  • Then, you’ll need to enter your name and mobile number. You will be able to receive an OTP via your mobile number. By entering this OTP, you will be able to obtain the policy premium quotes.

How do you online calculate insurance premiums for used cars

To calculate the premium online, you need to know certain details about your vehicle.

  • Make, model, or a variant
  • Fuel type
  • Car insurance details that are currently in force (if any).
  • State and city for car registration
  • No Claim Bonus or Past Claims File Reports and Details (if Any)

The car insurance premium calculation will then estimate your premium amount based on the information you have provided.

How is an online insurance premium calculated when a car is new?

Required vehicle information to calculate the premium price for new cars

  • Car Manufacturer
  • Year of manufacture
  • Model of the vehicle
  • Variant car
  • Car’s registration country and city

The car insurance premium calculator can estimate how much you’ll pay to get car insurance for your vehicle.

 

Updated: December 24, 2022 — 11:12 am

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