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Home / Motor Insurance / Car Insurance / Car Insurance Premium Calculator

What is car insurance

 premium calculator?
Car Insurance Premium Insurance
It is a common practice to surf online and compare products before making a purchase whether it is as miniscule as a pair of shoes or buying high-end gadgets. Why then should car insurance not be in your comparison to do list? The way a square peg cannot fit in a round one, your car insurance requirements may vary from your next-door neighbor. This is where comparing car insurance comes into the picture, choosing one that is tailored to your needs and suits your requirements is the need of the hour. Here we delve deep into how and why you should compare and buy car insurance online and what should be the comparison criteria.
So take your time, do your research and make an informed decision to get the best car insurance plan by devoting some time to comparing car insurance policies online.

Decoding factors affecting car insurance premium and easy solutions


Now that you have the insurance premium amount in front of you with the aid of the car insurance premium calculator, it is imperative to know some of the factors that affect your premium amount and how the number is arrived at. We also show you ways in which you can reduce your car insurance premium amount.

How old is your vehicle? premiums

IDV (Insured Declared Value) of the vehicle

The current value of your car as per the market rate is your IDV. This impacts your premium in a way that the higher the IDV, higher the premium. Our pro-tip? Increasing the voluntary deductible amount or the amount you shell out in case of a claim significantly reduces the premium amount.

Which vehicle do you drive?  - Car insurance

Age of the vehicle

As your car gets older your premium amount increases. The simple reason behind it being an older car is more prone to wear and tear. Our pro-tip? Opting for a Zero Depreciation add-on cover with your insurance plan will help reduce your premium.

What is your vehicle’s engine capacity and fuel type?

Geographical location

Where you reside and park your car is also a factor that affects your car insurance premium. If you live in a region prone to vandalism or theft, your premium amount may be on the higher side to offset any potential losses. Our pro-tip? Installing anti-theft devices approved by the ARAI can fetch you a discount on your premium amount.

Benefits of using a car insurance premium calculator

A car insurance premium calculator brings with it a host of benefits. Using a premium calculator gives you a clear picture of the amount you will be incurring while securing your car without any confusion or disparity. If that’s not all, we give you not one but the top 3 reasons you should use a car insurance premium calculator while purchasing your car insurance online:

1
Ease and convenience
You save on the time you would have otherwise spent on manual calculations. To add to this you can calculate your premium amount anywhere and anytime in the most hassle free way.
2
Informed choice
A premium calculator gives you myriad plan options to choose from, and you can select one basis your requirements.
3
Cost effective
It helps you save your hard-earned money while you explore different combinations of add-ons, coverage, and other such parameters that decide your premium amount.

How to use a car insurance premium calculator?

Using a car insurance premium calculator is no rocket science, it is a simple process meant to simplify your car insurance buying experience, here’s how to go about it:

Step 1 to Enter your registration number

STEP 1

Enter your registration number

Step 2 - Select policy cover- calculate car insurance premium

STEP 2

Select your policy cover*
(in case we are not able to auto fetch your
car details, we will need a few details of the car such as make,
model, variant, registration year, and city)

 

Step 3- Provide your previous policy and No Claim Bonus (NCB) status

STEP 3

Provide your previous policy
and No Claims Bonus (NCB) status

Step 4- Get your car insurance quote in an instant

STEP 4

Get your car insurance quote in an instant

Calculate insurance premium for new and old cars

Calculate insurance premium
New or old, security for your car comes first. But, varying insurance premium amounts and confusion on the actual price to be paid deters many. The easiest and smartest way to derive at your car insurance premium amount would be through a car insurance premium calculator. So whether you are the owner of a shiny new set of wheels or you are keeping your promise to your old four wheeled companion, we have something for you:

Proud owner of a new car? We have a car insurance premium calculator specifically designed for new car owners. You just need to keep handy details such as the date of registration, manufacturer, model, registration city, sum insured (value of the vehicle), product type required (comprehensive/liability) and if you wish to opt for any add on covers. You get an instant quote in one click and no getting muddled with different amounts and figures, your premium amount is clear and precise.

Want to secure your old but loyal set of wheels? Don’t fret, HDFC ERGO’s car insurance premium calculator for used cars comes to your rescue. Now secure your car knowing the car insurance premium amount beforehand in a click. All you need are some mandatory details and you get a quick quote on your screen.

File a claim the quick and smart way!

  • Step #1
    Step #1
    Ditch the paperwork! Register your claim and share required documents online.
  • Step #2
    Step #2
    You can opt for self inspection or an app enabled digital inspection by a surveyor or workshop partner.
  • Step #3
    Step #3
    Relax and keep track of your claim status through the claim tracker.
  • Step #4
    Step #4
    Take it easy while your claim is approved and settled with the network garage!

6 Reasons Why HDFC ERGO’s Vehicle Insurance Should Be Your First Choice

8000+ cashless network garages:**
8000+ cashless network garages**
Our network spans pan India meaning help is at hand even if you are stranded in the middle of nowhere
Affordable Car Insurance
Overnight repair service
Car needs repair? Your car will be ready while you snooze with our overnight repair service
Instant Policy & Zero Documentation
Zero Documentation & Instant Policy
Why go through the fuss of time-consuming procedures when you can secure your car in a matter of few clicks?
Upto 70%^ off on premium
Upto 70% Off^ on Premium
Unbelievable right? Get coverage your car deserves at prices that keep your wallet from becoming lighter
Overnight repair service^
AI enabled motor claim settlement
Our AI-enabled tool IDEAS enables a faster and hassle free motor claim experience
#1.5 Crore+ Happy Customers
#1.5 Crore+ Happy Customers
We boast of a happy and huge family of over 1.5 Cr + customers and welcome you with open hands too!

Enhance your car insurance cover with an array of add-ons

Boost your coverage
Zero Depreciation Cover

Every year the value of a car depreciates but with zero depreciation cover, there are no depreciation cuts even when you make a claim, and you get the entire amount in your hands.

No Claim Bonus Protection

Made a claim, worried about your NCB discount? Don’t worry, this add-on cover not only protects your No Claim Bonus earned so far, but also takes it to the next NCB slab resulting in a significant discount on your premium. 

Emergency Assistance Cover

We are here to offer you round-the-clock assistance to deal with any technical or mechanical breakdown issues of your car.

Boost your coverage
Return to Invoice

Love your car dearly? Give your car this add-on cover and recover your invoice value back in case of theft or total damage to your car.

Engine and gearbox protector

The engine is the heart of your car and it is crucial to ensure it is protected. This cover shields you from the financial losses incurred due to damage to your car engine.

Downtime protection

Car in the garage? This cover will help bear the expenses you would spend on cabs for your daily commute while your car is getting repaired.

Cashless garage network
8000+** Network Garages
Across India

Awards & Recognition

Last updated: 2021-05-04

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