Car Insurance Premium | Factors, Discounts & How to Save

Buying car insurance is now faster and simpler than ever. With PolicyBachat, you can compare real quotes from leading insurers such as TATA AIA, Kotak General Insurance, and Oriental Insurance, view IDV ranges, and customize your coverage, all in one place.

Whether you are insuring a new vehicle or renewing an existing policy, our comparison tool shows live premiums, claim ratios, and available add-ons including Zero Depreciation, NCB Protect, Roadside Assistance, and Engine Protect.

Select, pay, and receive your soft copy instantly, with no inspections or paperwork required for most renewals.

Why Buy Car Insurance Online

Transparent comparisons with 20+ insurers.
Instant policy issuance and e-copy delivery.
Save your existing NCB up to 50%.
Cashless garage network of 850+.
Dedicated 24×7 claims and renewal support.

Types Of Coverage

Policy Type	Description
Third-Party Liability	Covers injury or property damage to others. Mandatory under Indian law.
Own Damage (OD)	Covers your car for theft, fire, accidents, and natural disasters.
Comprehensive Cover	Combines both covers for full protection.

Premium & IDV Range

Segment	Avg. IDV (₹)	Avg. Premium (₹)
Hatchback	₹2,50,000–₹4,00,000	₹6,000–₹10,000
Sedan	₹4,50,000–₹7,50,000	₹10,000–₹15,000
SUV	₹8,00,000–₹15,00,000	₹15,000–₹25,000

How To Buy (3 Easy Steps)

Step 1

Enter car details

Registration number or select brand, model, and fuel type.

Step 2

Compare quotes

View IDV, premium, and add-on differences instantly.

Step 3

Pay online

Get your policy PDF delivered to your inbox within seconds.

Frequently Asked Questions

What is a car insurance premium?

It’s the amount you pay annually for your car insurance policy.

How is my premium calculated?

Based on IDV, city, age, NCB, and add-ons you choose.

Why do two insurers quote different prices for the same car?

Each insurer uses different risk and pricing models.

What is IDV and how does it affect cost?

It’s the car’s market value - higher IDV increases premium and claim payout.

Does my city or PIN affect premium?

Yes. Urban areas with higher claim frequency may have higher rates.

How does NCB impact my renewal cost?

It gives up to 50% discount on Own Damage premium.

Are add-ons mandatory?

No, they’re optional - but certain add-ons like Zero Dep are highly recommended.

Can I reduce my premium without compromising coverage?

Yes, by customizing IDV and opting for essential add-ons only.

Does the premium change after claim?

Yes, NCB resets to zero, slightly increasing next renewal cost.

Are there discounts for new cars?

Many insurers offer lower rates for first-year comprehensive plans.

What’s the difference between OD and TP premium?

OD covers your own car; TP covers third-party liability.

Do EVs have lower premiums?

Yes, electric cars may get special green discounts under IRDAI rules.

What happens if I skip renewal?

Policy lapses, NCB is lost, and inspection is required for new issuance.

How often should I review my policy?

Once a year or whenever you change car, location, or insurer.

Are digital policies valid during traffic checks?

Yes, e-policies are recognized nationwide by traffic authorities.

Customer Reviews

Explained how premium works in simple language.

Neha D., Pune

Learned how to save ₹2,000 just by comparing.

Arjun P., Delhi

Zero Dep add-on was worth it - now I understand the cost.

Ravi K., Hyderabad

The premium breakdown helped me choose correctly.

Sneha M., Chennai

Quick tool, great clarity, and transparent pricing.

Rajeev S., Bengaluru

Never realized how IDV affects cost - great guide.

Vikram T., Jaipur

Support explained NCB and discounts patiently.

Kavita R., Mumbai

My renewal dropped 12% after following these steps.

Aditi P., Kolkata

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Car Insurance Premium | Factors, Discounts & How To Save