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How Is Your Car Insurance Premium Calculated?

Get the best car insurance renewal quotes online on, this is the effortless way to compare the car insurance quotes. If you are traveling without a valid insurance policy, you may end up with paying huge damage cost in forcible future.

Car insurance calculator is a dynamic tool equipped by the insurance company online, helps customers to know the premium amount and quotes from different insurance providers. Every customer have their own requirement in terms of safety features and low premium plans, insurance calculator helps to choose the suitable plan as per the customer needs.

An insurance policy has a variation in price depends on specific needs, reputed insurance companies will have this “car insurance calculator”. Fill the details in a required field like car make, variant, a vehicle purchased, location, fuel type, and mobile number. These 6 factors are enough to calculate insurance policy, motor insurance premium calculator makes the comparison with different insurers to choose an ideal plan. It also calculates premium depends on the specifications of the customer.

Car Insurance Premium Determined By Following Factors

Car Brand and Model: Luxury cars like BMW, Benz and Range Rover will attract high premium than medium budget cars like Maruti Swift, Wagon R etc. Premium SUV cars attract more insurance premium than hatchback cars.

Fuel: CNG fitted motors attract more insurance premium than petrol/diesel variant, depreciation for CNG variant is more than petrol variant car.

Age Factor: Vehicle owner aged below 25 years will attract more premium than people who are above 30years age slab, an analysis suggests younger age group are prone to vehicle accidents relatively.

Age of vehicle: If the car is old, IDV is will be low. Eventually, attracts a low car insurance premium.

Gender: In India, women driving ratio is less compared to men, women are careful while driving. These criteria make into consideration to change in premium according to gender. 

Driving Experience: A person who has years of experience in driving will be discounted in car insurance premium.

Anti-Theft Device: If your vehicle is equipped with the anti-theft system then you are entitled to 2.5% off on your premium.

Geographical Area: Premium attracts slightly more in metro cities, as traffic will be more in metro cities than towns.

No Claim Bonus: NCB is a discount provided by an insurance company on the subsequent year if you haven't claim bonus in a preceding year.

Tips To Avail Low Car Insurance Premium

Register under Automobile Authority of India by installing anti-theft system in your car

Don't go for luxury vehicles or top end model to claim low insurance premium

Ensure exact IDV value for your vehicle to get right premium, this ensures the transparency of your car value.

Car Insurance Premium Renewal:

Be wise in how to renew insurance online, check your renewal premium policy to get the renewal premium updated. Prefer the lower coverage plan with required add-on and get more benefits in terms of a claim by comparing online insurance companies.

Car insurance calculation premium is easy even if you do not have the previous year policy copy. The registration number of your car can be entered in our portal to know your car insurance premium.

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