Car Insurance Calculator

Age and Value of Car

New cars, which typically have a higher market value, will incur higher premium rates than older cars, which have already depreciated, and will therefore have lower insurance costs.

Type of Car and Engine Size

Insurance premiums will be higher on high-end cars or SUVs than on average small or mid-size cars.

Registered Location

Cars registered within urban, metropolitan, or areas with high accidents will be subject to significant premiums because they are a higher risk to insure.

Type of Policy Chosen

Third-party policies have lower premiums, while comprehensive policies, which may add additional coverage, will incur higher premiums. An optional add-on coverage, such as zero depreciation, may increase their overall premium.

Insured Declared Value (IDV)

IDV is the highest amount the insurance company will cover if your car is destroyed or stolen. High IDV will generally increase the premium, whereas low IDV typically lowers it.

Driver's Record and Driving Usage

The amount of annual mileage you drive, where you drive it, how rough, and how often you file a claim, all could increase your driving premiums.

No Claims Bonus (NCB)

Discounts are available for each year of claims-free driving activity and may be available when renewing policies, which will likely reduce the premium cost over time.

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.

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.