Car Insurance Calculator Online
Car insurance calculator is an ultimate tool to provide by the insurance companies. Every insurance company provides calculates car insurance quotes online. To know the exact premium on your vehicle fill out the mandatory fields about the vehicle and policy on car insurance calculator page.
Policyholders are in hesitation that, “are the premium paid for the right policy?” A policyholder can clarify their doubts by comparing the list car insurance premiums. Apparently, car insurance calculator is a valuable tool for every policyholder to configure the exact plan for their need. By this online car insurance calculator buyer no need to guess the premium amount, can evaluate policy through specifications and buy the best insurance policy. Insurance calculator is useful to know the coverage limits, deductibles for the premium.
Benefits included in car insurance calculator
- Easy to compare the quotes with benefits each company provides.
- Know yourself what are the factors that made your premium higher than another insurer.
- You can avoid agent role and the policyholder can make his own decision in buying the policy.
Car Insurance Premium: Own damage premium - NCB Discount + Liability Premium
Know the determinants for car insurance calculator
Insured declared value
IDV value of the vehicle influences the car insurance premium, older the car lesser the IDV. IDV is the amount you can claim against loss or damage of your vehicle. how to calculate IDV is determined by deducting depreciation from a previous value of the vehicle.
Vehicle cubic capacity determines the premium, High cubic capacity factors higher risk of accidents which in turn increases the premium.
Voluntary deductible also influences in car insurance policy, higher the deductible lower the premium.
Place where your vehicle registered under road transport-corporation will reflect your premium. Metro cities tend to have more insurance premium that the vehicle registered in rural areas.
Insurer take the age into factor to conclude the premium, the reason behind this age distinction is youth aged below 25 are prone to frequent accidents than a middle aged group.
No claim bonus
A permissible amount of discount is given to policyholder to embolden him a safe driving without any claims. Unfortunate accidents may happen but the driver needs to be cautious while driving. For the first year, NCB discount will be 20% and up to 50% within the period of 5 years.
What are the documents required to calculate car insurance premium online?
To ensure the exact insurance premium, we need information regarding your vehicle
For new owned vehicle, documents required are
- Car manufactured details like make & model
- Registration date and vehicle registered location
- Vehicle manufactured year
For pre-owned vehicles, owner requires
- Current insurance policy copy
- Previous ownership details
- Previous claim settlement details
Make your own decision in choosing the policy by car insurance calculator online, an hassle-free process to get the right policy under 10 minutes. Grab a great deal by comparing insurance policies online on PolicyBachat.com.
10 Useful Tips To Get Cheapest Car Insurance Policy
The Motor Vehicles Act makes it mandatory for every car owner to insure their vehicle.
The reason this is made compulsory is to provide you with financial help during
unforeseen situations like accidental damages, theft or any third party liability.
If the car is insured, then the losses borne by you can be compensated by the insurance
Since the Act makes it a legal requirement to insure your car, there is no way you
can drive your car in public space without insurance. However, there are instances
when you take up inappropriate car insurance and land up paying unnecessary high
There are 10 useful tips given below that can help you obtain cheap car insurance.
Provide correct and honest information: Providing correct information
to your insurer on the proposal form can help you save upto 20-30 percent on your
premium. Correct information from your end will help the insurer suggest you the
correct plan and hence prevent you from unnecessary expenditures as well as ensure
that your genuine claims will be paid.
The make and model of your car: The make and model of your car
often determines the amount of discount that you are eligible to get. If your car
model is one that is less prone to accidents as per the insurer's book, it is quite
possible that you may get a higher percentage of discounts.
Commute of your vehicle: Your regular traverse and the area where
your car is registered play an important role in deciding the coverage and premium.
If the area is congested with traffic, claims for dents and external damages are
more while cars which mostly commute through highways carry huge claim amounts as
they are more prone to major accidents.
No Claim Bonus (NCB): Safe driving can help you save a lot of money.
In case you do not commit any accident during the term of the current car insurance
and no claims have been made from your end, you become entitled to get a discount
on the premium of the renewed policy. This percentage increases with every no-claim
Deliberate deductibles: This is possible if you want to opt out
claims for minor accidents and damages and take up coverage for only major issues.
The insurer offers a voluntary deductible discount in such cases which can lower
the premium to a great extent.
Safety features: Slight discounts, like 2-5%, are offered on your
car insurance premium if you install anti-theft and other safety features, of brands
approved by the insurer, into your car. Information about these features needs to
be provided in the proposal form to avail these discounts.
Member of Automobile Association: A small percentage of discounts
are provided on your car insurance premium if you are a member of a designated automobile
Concession on your vehicle: If your car was in the garage or not
being used for a period of more than two months, you can get a concession on the
premium during renewal of the policy.
Buying policies online: When you buy a car insurance online, some
carriers offer more discounts than if you buy it from a broker. This is because
the insurance company spends less in processing and distribution costs.
Comparing before purchase: Comparing different car insurance policies
from various insurers through online aggregators, like www.policybachat.com, is
a good way of reducing the premium to be paid. By comparing, you get a clear picture
about which policy offers the maximum coverage as per your requirements, so that
you do not land up paying unnecessary premium.
However, the above give parameters keep on changing and hence if you have any queries
or need guidance on how to pick the best policy, contact Policy Bachat at 1800
123 4006 / 1800 123 4003. Our executives are present 365 days to help