Car Insurance Calculator

Cost Effective, Saves you Money

A car insurance premium calculator helps you compare different car insurance premiums firsthand and thereby make a choice that is cost effective for you and your car. 

Reduce Car Insurance Premium

While using a car insurance premium calculator, you’ll notice how certain change in factors can increase or decrease your car insurance premium. You can accordingly try different options and see what works best for you! 

Helps you Make an Informed Decision

At the end of it all, it is your car and the least you can do for it is make an informed decision about its protection. A car insurance calculator helps you see for yourself how your car insurance premium is determined.  

Own Damages

Comprehensive Car Insurance Policy includes Own Damage cover that provides coverage for losses caused due to damages to your own car. Such as in case of an accident or natural calamity. The cost of this in your comprehensive car insurance premium is determined by the make, model and age of your car, and of course the city you drive it in 😊

Damages to Third-Party

This is legal and mandatory as per law and is included both in a comprehensive car insurance policy and third-party car insurance policy. It covers for damages and losses your car may cause to a third-party person, vehicle or property. The compensation for same is predetermined by the IRDAI and is same across all policies.

Insured Declared Value (IDV)

The IDV is the market value of your car, including its depreciation. Your IDV plays a major role in determining your Comprehensive Car Insurance Premium. With Digit, you can even customize your IDV and see how it affects your premium and sum insured.

Add-On Covers

The best part of a comprehensive car insurance policy is the fact that you can add additional covers to your policy for better protection. The type and number of add-ons will consequently also influence your comprehensive car insurance premium. 

Deductibles

Deductibles is the amount of money you pay during claims. In a comprehensive car insurance policy, you can opt for this up to what is feasible for you. The higher percentage you opt for, the lower will be your comprehensive car insurance premium and vice versa.

No Claim Bonus

Your ncb in car insurance is based on the number of claim free years you’ve had, starting from 20% on your first claim free year. So, the higher the No Claim Bonus you have, the lower will be your comprehensive car insurance premium and vice versa.

Make and Model of your Car

The kind of car you have highly influences your premium since every car is different in terms of its engine, cc, features, etc. At the end of the day, each car comes with its own set of risks and therefore the premium will differ accordingly.

Personal Accident Cover for Owner- Driver

Mandatory by law, Personal Accident cover (PA cover) will be included in your comprehensive car insurance policy (if not already included) 

Age of your Car

To simply put it- the older your car is, the cheaper will be your comprehensive car insurance premium and vice versa.

CC of your Car

CC is nothing but the engine capacity of your car, which consequently determines the speed and risk of your car. In a third-party car insurance, your car insurance premium is directly affected by how high or low your car’s cc is.

Personal Accident Cover for Owner-Driver

If you don’t already a personal accident cover, it is mandatory to add this to your third-party insurance policy, in which case your third-party car insurance premium will increase by a small margin.

Third-Party Damages

Since a third-party car insurance only covers for third-party damages, your third-party insurance premium mainly accounts for this while calculating your premium price.

Increase your Voluntary Deductible

If you have had no claims for more than 4-5 years, you can look at increasing your Voluntary Deductible and decreasing your car insurance premium.

Select Relevant Add-Ons

Add-ons are a great way to add an extra layer of protection to your car, but this also increases your premium. Therefore, it’s always recommended that you only opt for add-ons that are relevant to you and your car.

Talk to your Insurance Company

If you feel you are not getting a cheap car insurance quote, it’s not a bad idea to call the insurance company you are interested in once before making the final decision.

Renew your Policy on Time

Always renew your car insurance policy before its expiry date. This won’t only eliminate the time-consuming pre-inspection process for your car, but will also ensure you can include your No Claim Bonus and get a discount. 

Maintain a Good Driving Record

This is obvious, but important. Apart from being safe on the road, cautious driving within speed limits will avoid accidents and make sure you get a No Claim Bonus each year.