Car Insurance Premium Calculator

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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. 

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.

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. 

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! 

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.