Finance Calculators

    30 free tools · No login required

    Vehicle Insurance

    Free · Live calculation · Your data stays in your browser

    Vehicle Details

    Get an estimated premium

    Vehicle Type

    Plan Type

    50,00050,00,000
    yrs
    0 yrs15 yrs

    Up to 50% for 5+ claim-free years

    %
    0%50%

    Estimated Annual Premium

    ₹10,800

    Comprehensive

    Before NCB

    ₹13,500

    NCB Discount

    -₹2,700

    Per Day

    ₹30

    What's Covered?

    In a Comprehensive plan

    Third party damages (legal mandatory)
    Own vehicle damage from accident, theft, fire, natural disasters
    Personal accident cover

    Insight

    NCB of 20% saves you 2,700 — protect your NCB by avoiding small claims!

    Pro Tip

    • NCB increases 5%-50% per claim-free year. Don't claim small dents - protect NCB.
    • Zero Dep is worth it for new cars (under 5 years).
    • Always declare correct IDV - too low means lower claim payout.
    • Third party is mandatory by law; comprehensive is highly recommended.

    What is Vehicle Insurance?

    Vehicle Insurance protects you against financial losses from accidents, theft, fire, or third-party damages. In India, third-party insurance is mandatory by law. Comprehensive insurance (recommended) covers both third-party liabilities and damage to your own vehicle. Zero Depreciation cover ensures no depreciation is deducted on parts during claims.

    How to Use

    1. 1Select your vehicle type (2-wheeler/hatchback/sedan/SUV)
    2. 2Choose plan type (Third Party / Comprehensive / Zero Dep)
    3. 3Enter IDV (Insured Declared Value)
    4. 4Enter vehicle age
    5. 5Set NCB (No Claim Bonus) if applicable
    6. 6See estimated annual premium

    Formula

    Base Premium = Vehicle Type Rate × Plan Multiplier + IDV × 1.8% Final Premium = Base − NCB Discount

    Frequently Asked Questions

    IDV (Insured Declared Value) is the maximum amount the insurer will pay if your vehicle is stolen or totally damaged. It's calculated based on the vehicle's current market value (after depreciation). Don't undervalue IDV - you'll get less in claims.

    Related Calculators