Car Insurance Premium Calculator

Car Insurance Premium Calculator

Car insurance premium calculator helps you to calculate the insurance premium to be paid. Every insurance company has a varying means of calculating it. To calculate the car insurance, there are various factors to be taken into consideration such as:


  • The model of the car and the variant
  • Year of manufacture
  • Type of fuel
  • No claim bonus
  • Discounts
  • Voluntary access


Factors to be considered for Calculation of used cars (Details required)


  • Current insurance policy details
  • Previous owner’s details
  • Last year’s claim history


Car Insurance Calculator


The advantage of the online car insurance calculator is, it gives the quote for your car and the amount of premium to be paid, with ease. Just visit the car insurance calculator page and fill certain details such as the policy holder’s name, contact details and address.


A car insurance premium calculator is a useful online tool to calculate the quotes of several insurance companies in India.


The car insurance premium is assessed based on the below-mentioned formula:


(Own Damage Premium – No Claim Bonus) + Liability Premium



Own damage cover- it reimburses your expenditure in case your car is damaged due to any natural events such as earthquakes, storms, etc.


Personal accident cover- provides you with financial assistance in case of an accident which leads to a serious injury or death. As the name suggests, Personal Accident Car Insurance​ provides you with assurance against the risk of death and disablement that can be caused by accidents.


Third Party Cover- it is very essential to have it when your car causes damage to a person or property by your insured vehicle.



How to use Auto Car Insurance Calculator?



1. How to calculate Car Insurance Premium?


So why do we pay car insurance premium? Well, because it reduces our propensity for risk and loss, to a certain extent. Following are the variables necessary to calculate car insurance premium:

  • IDV     
  • Age of the car
  • Details about the car
  • Engine size


2. How to calculate Renewal Premium?


As the world goes digital, all amenities can be availed with a click of a button! So is the case with car insurance renewal premium.  Just go to the insurer’s website and fill in a few details, and you can have hassle free journey to renewal.


3. How to calculate Third party insurance premium?


What are the factors that affect Third party Insurance premium?


Third party insurance premium is to protect you from any damage that your insured car might inflict upon someone.

The premium for your car insurance is only determined by the Cubic Capacity (CC) of your vehicle.

The third-party premium is similar for new and old cars and only varies by the cubic capacity of the engine irrespective of the car's age.


4. How to calculate Zero Depreciation Car Insurance Premium?


Zero depreciation cover offers 100% coverage to your car, in case of accidents. Zero depreciation car insurance premium is calculated based on the following factors:

  1. The car’s age
  2. Car model
  3. Your geographical location