Car Insurance Premium Calculator
Estimate a comprehensive car insurance premium from the IDV, own-damage rate, No Claim Bonus, and third-party premium, with 18% GST applied.
Estimated annual premium
₹19,463
Comprehensive cover, including 18% GST
Breakdown
Illustrative estimate for planning only, not a quote. Actual premiums depend on the insurer, add-ons, location, and vehicle details.
How it's calculated
- 1The own-damage premium is a percentage of the car's IDV (Insured Declared Value), typically around 2 to 4 percent.
- 2Your No Claim Bonus reduces the own-damage premium for every claim-free year, up to 50 percent.
- 3The third-party premium is set by the IRDAI motor tariff for your engine capacity and is added on top.
- 4GST of 18 percent is applied to the own-damage and third-party premiums to reach the total.
Why use this
- Sanity-check a renewal quote before you pay it.
- See how much your No Claim Bonus is actually saving you.
- Understand the split between own-damage, third-party, and GST.
- Download a branded PDF to share the estimate.
Frequently asked questions
How is a car insurance premium calculated?+
A comprehensive premium has two parts: own-damage, which is a percentage of the car's IDV reduced by your No Claim Bonus, and third-party, which is fixed by the IRDAI tariff for your engine capacity. GST of 18 percent is added on top. This calculator estimates all three.
What is IDV?+
IDV, or Insured Declared Value, is the current market value of your car and the maximum the insurer will pay if it is stolen or written off. A higher IDV means a higher own-damage premium but a larger payout, so it should reflect the car's real value.
Why is the third-party premium entered manually?+
Third-party premiums are set by IRDAI based on engine capacity and are revised periodically. Rather than hard-code a figure that could go out of date, the calculator lets you enter the current amount from your insurer so the estimate stays accurate.
Does this include add-ons like zero depreciation?+
No. This is a base comprehensive estimate. Add-on covers such as zero depreciation, engine protection, or roadside assistance carry extra premium and would increase the total.
Is this an official quote?+
No. It is an illustrative estimate for planning. Actual premiums depend on the insurer, location, vehicle details, and add-ons. Always get a formal quote before buying.
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Related guides
Motor Insurance in India: A Practical Guide for General Insurance Agents
A practical, IRDAI-aware guide to motor insurance for Indian agents and POSPs: policy types, IDV, NCB, add-ons, mandatory cover, renewals, claims and honest selling.
Claim Settlement Ratio Explained: What It Means for Your Clients
A practical guide for Indian insurance agents on how claim settlement ratio works, its limits, and how to explain it honestly to clients so they choose the right insurer.
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