Car Insurance Calculator

Car Insurance Premium Calculator

How to use Car Insurance Premium Calculator?

Here’s a step by step explanation on how to use Digit's car insurance calculator and get the right insurance for your car!

Step 1

Enter your Car’s Make, Model, Variant, Registration Date & your City.

Step 2

Click on ‘Get Quote’ & choose your plan.

Step 3

Choose between a Third-Party Liability Only or a Comprehensive Package.

Step 4

Tell us about your last insurance policy- Date of Expiry, Claims Made & No Claim Bonus Earned.

Step 5

You will now see your car insurance premium on the bottom right of the loaded page.

Step 6

If you’ve chosen a Standard/Comprehensive Plan, you can set your IDV and customize your plan further by selecting add-ons like Zero Depreciation, Return to Invoice, Gear & Engine Protection and more.

Step 7

You will now see your final car insurance premium calculated on the right side of the page.

Benefits of Car Insurance Premium Calculator

  • Right IDV (Insured Declared Value) - You can adjust your IDV to the one that is suitable to your car’s make, model and age. Having the Right IDV makes sure that in case of total loss or theft of your car, you get the right market value of your car and not end up in great losses.
  • Right Add-ons - Having a car insurance policy with the right addons is like having an umbrella that covers you completely on a rainy day. But a lot of people do not take any addon covers because of the additional increase in premium. With the car insurance premium calculator, you can add different car insurance addons and check the increase in premium and then choose the right mix of add-ons.
  • Right Premium - Of course, this is the primary reason you are using the calculator in the first place! Yes, with a calculator, you can compare different car insurance premium quotes, which will help you land on the best priced plan.

Why is it important to use Car Insurance Calculator?

Confused whether you should blindly go for any car insurance premium or calculate car insurance premium on your own and make an informed decision? Here's why you should go for the later and use a car insurance calculator in India for the same. 

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 for its protection. A car insurance calculator helps you see for yourself how your car insurance premium is determined.

Calculate Insurance Premium for New & Old Cars

Types of Car Insurance Policies in India

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Third party

A Third-party car insurance is one of the most common types of car insurance; in which only damages & losses caused to a third-party person, vehicle or property are covered.

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Comprehensive

A Comprehensive car insurance is one of the most valuable types of car insurance that covers both third-party liabilities and damages to your own car as well.

Comprehensive Car Insurance Premium Calculator

A comprehensive car insurance is a type of insurance plan that gives your car 360-degree coverage. From protecting you from losses caused to third parties to covering your own damages and allowing a range of add-on covers, a comprehensive car insurance is the only type of car insurance plan that allows for so much customization. This is where your comprehensive car insurance premium calculator comes into use, as you can try how different add-ons affect your car insurance premium – making your decision a lot simpler and more straightforward. 

Read more about the Important Components of a Comprehensive Car Insurance Premium.

Own Damages

This is a cover included in all Comprehensive Car Insurance Policies that covers you 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 affect 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 no claim bonus is based on the number of claim free years you’ve had, starting from 20% on your first claim free year. So, the higher 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 with its engine, cc, features, et al. 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.

Third-Party Car Insurance Premium Calculator

A Third-Party Car Insurance is the most basic kind of insurance, as per law. The same covers for only damages and losses against third parties, such as if your car hits a person, damages property or vehicle.

Read more about the important Components of a Third-Party Car Insurance Premium.

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.

Third Party Car Insurance Premium Rates in India

Private cars with engine capacity

Premium rate

Not exceeding 1000cc

₹2,072

Exceeding 1000cc but not exceeding 1500cc

₹3,221

Exceeding 1500cc

₹7,890

Tips to Reduce your Car Insurance Premium

You can reduce your car insurance premium by looking at the following:

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 in speed-limits, will avoid accidents and make sure you get a No Claim Bonus each year.

Why should you buy Digit Car Insurance?

We treat our customers like VIPs, know how…

Super-Fast claims

We've settled 96% of all claims for private cars!

Cashless Repairs

1400+ Cashless Network Garages for you to choose from across India

Doorstep Pickup & Repair

Doorstep pickup, repair and drop with 6 months repair warranty - for repairs at our network garages

24*7 Support

24*7 call facility even on National Holidays

Smartphone-enabled Self Inspection

Just click the damages on your phone and you are done

High IDV per rupee

With us, you can customize your IDV as per your choice!

Key Features of Car Insurance by Digit

Key Features

Digit Benefit

Premium

Starting from ₹2072

No Claim Bonus

Up to 50% Discount

Customizable Add-Ons

7 Add-ons available

Cashless Repairs

Available at 1400+ Garages with Doorstep Pickup & Drop

Claim Process

Smartphone-enabled Claim process. Can be done online within 7 minutes!

Claim Settlements

96% Claims Settled for Private Cars

Own Damage Cover

Available

Damages to Third-Party

Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages

How to file a Car Insurance Claim?

After you buy or renew our car insurance plan, you live tension free as we have a 3-step, completely digital claims process!

Step 1

Just call on 1800-258-5956. No forms to be filled

Step 2

Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.

Step 3

Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.

Report Card

How fast are Digit Insurance Claims Settled?

This is the first question that should come to your mind when switching your insurance company. Good you’re doing that!

Read Digit’s Claims Report Card

FAQs related to Car Insurance Calculator