Car Insurance Premium Calculator

• 1Input Car details - Just enter your vehicle registration number and our system will auto fetch your car details (make, model, fuel type, etc). Verify the information for its accuracy.
• 2Enter Claim details - Input the details of any previous claims raised to ascertain whether No Claim Bonus is applicable or not.
• 3Choose coverage - Select the plan based on the coverage you need along with any add-ons to get an enhanced coverage for your car.
• 4Get Results - You will receive the quote for premium as per the details provided by you.

• 1Know Accurate Premium Beforehand: A car insurance premium calculator can provide an accurate estimate of how much a car owner may need to pay for insurance coverage.
• 2Plan Your Finances/Budget: Car insurance premium calculators help you plan your budget more effectively and avoid any surprises when it comes to paying the insurance amount.
• 3Time-Saving: Calculating insurance premiums manually can be time-consuming. A premium calculator eliminates the need for manual calculations, saving car owners time and effort.
• 4Selection of Right Plan: Four Wheeler Insurance premium calculators allow car owners to customize their coverage options to see how each option affects their premium. This helps them select the right plan by making informed decisions about the types and levels of coverage they need.
• 5Transparency: Four Wheeler Insurance premium calculators provide transparency throughout the insurance buying process. This can help build trust and confidence among car owners.
• 6Free Tool: The car insurance calculator is a free online tool. You can use it multiple times without paying any cost.
• 7Informed Decision Making: This digital tool assists you in purchasing a four-wheeler policy by highlighting factors that directly impact the premium, empowering you to make informed decisions.
• 8Personalized Estimates: IFFCO Tokio’s car insurance premium calculator considers No Claim Bonus (NCB) as a crucial factor in estimating your four-wheeler insurance premium. NCB assesses the driver’s risk profile, with more claim-free years resulting in a better profile.
• 9Convenience: Accessible anytime and anywhere, the car insurance premium calculator eliminates errors, consistently providing accurate results.
• 10Ease of Customization: Experiment with various car insurance plans by selecting coverages based on your needs and adjusting add-ons to evaluate premium differences. This allows you to strike the right balance between coverage and affordability.

Overall, these advantages highlight the efficiency, convenience, and cost-effectiveness of using a car insurance premium calculator.

• Make and Model of the car- Luxury cars and powerful engines typically found in sports cars, and specific variants with higher repairing or replacement costs will have a higher OD premium.
• Age of the car- As cars age, their market value also depreciates over time. This decrease in value is factored into the IDV, and consequently, the OD premium reduces for older vehicles.
• Car’s Market Value- The current value of your car depends on its functionality, condition, miles covered, and brand. The higher the car value (IDV), the higher the premium would be.
• Type of Fuel- Expect to pay a slightly higher premium if you choose a diesel car compared to the same make, model, and variant of a car powered by petrol.
• Add-ons- Every add-on has its own cost. Therefore, the number of add-ons you choose will affect the cost of your car insurance policy.
• Location- Metro cities have densely congested roads. Therefore, car insurance premiums are generally higher in metro cities compared to non-metro cities.
• No Claim Bonus- The insurance premium for your car will vary according to the value of No Claim Bonus (NCB) while renewing. The higher the NCB, the lower the premium amount.
• Deductible- A deductible is the amount you pay towards the total repair costs before the insurer covers the rest of the costs. You can opt for a higher deductible to get lower premiums.

• 1Registration City: First, car owners need to enter the RTO under which the car is registered. Once this is done, click the ‘continue’ button on the premium calculator page.
• 2Select Car Manufacturer Brand: Then, select the brand of your car. Once you do this, the car insurance calculator will automatically proceed to the next step.
• 3Select Car Model: Once you select your car's brand, the calculator will show you a list of popular models for that brand. Click on your specific model to continue, or use the search bar to find it quickly.
• 4Choose Fuel Type: Now you’ll be asked to choose the type of fuel your car uses– petrol, diesel, electric, etc.
• 5Choose Car’s Variant: Next, you have to choose the variant of your car. The car insurance calculator will provide you with options to choose from and a search bar where you can manually enter the variant of your car.
• 6Choose Car’s Value: You need to declare invoice price of your car. Once done, the car insurance premium calculator will show you premium for various plans available.

You can select the plan, which is suitable to you as per your budget and coverages required.

• 1Enter Car Registration Number - You need to enter your car’s registration number, and our system will automatically fetch other details like car manufacturer, model, fuel type, variant, etc.
• 2Choose Coverages – Verify all the information and proceed to choose your car’s coverage along with add-ons of your choice.
• 3Enter Claim History – Now you need to enter information about any past claims or changes of ownership to ascertain the premium cost correctly.
• 4Get Recommended Plan - The car insurance premium calculator will display premiums for third party, own damage, comprehensive, and zero-depreciation plans. You can choose your preferred plan and continue to buy car insurance.

• 1Good Driving Record- Maintaining a clean driving record can earn you No-Claim Bonus (NCB) for claim-free years, and you can enjoy discounts of up to 50% on your car insurance premium.
• 2Choose Right Coverage- A highly priced car insurance plan will not guarantee better protection. Carefully assess your insurance needs and choose the coverage that gives you value for money.
• 3Choose The Right Add-Ons- Select only those add-ons that actually add value to your coverage. Refrain from adding everything as it would ultimately increase your premium amount.
• 4Install Safety Devices- With anti-theft devices in place, you make your car safe from untoward events. This will not only add a layer of protection to your car but also help reduce the cost of your car insurance policy.
• 5Good Maintenance of Car- Regular servicing and driving carefully will keep your car in good condition. This would eventually lower the risk of frequent breakdowns and any potential claims.
• 6Policy Renewal on Time- Always renew your policy on time to avoid paying penalties and inspection charges.
• 7Increase your deductible- Deductible is the amount you choose to pay upfront before your insurance provider covers your losses or expenses. The higher you choose the deductible to be, the lower will be the cost of the premium.

However, it is also important to not get carried away and opt for an extremely high voluntary deductible – this could cause huge expenses in case you need to make a claim.

Make efficient use of the car insurance premium calculator to choose a deductible amount that suits your budget.

• 1What Is A Car Insurance Premium Calculator?
  A car insurance premium calculator is a free online tool that estimates the cost of your car insurance based on information you provide about your car and driving history.

• 2What Information Do I Need To Use The Calculator?
  Typically, you'll need details like your car's make, model, variant, age, location, estimated Insured Declared Value (IDV), and your driving history.

• 3How Accurate Are The Quotes Provided By The Calculator?
  The accuracy depends on the information you provide. Ensure you enter details correctly for a more precise estimate.

• 4Can I Use The Calculator To Buy Car Insurance?
  No, the calculator can only estimate your car insurance premium. To purchase car insurance, you'll need to choose a plan that best suits your needs in terms of coverage and affordability. You can then buy the selected plan directly from our website.

• 5Does Using The Calculator Multiple Times Affect My Premium?
  No, using the calculator has no impact on your actual insurance premium. This calculator is designed to give you an idea about the cost of car insurance premium and to help you better evaluate your options.

• 6Should I Rely Solely On The Car Insurance Premium Calculator To Choose My Insurance?
  The calculator is a helpful starting point, but it only gives you an estimate about your car insurance premium. You must evaluate coverage, exclusions, possible add-ons before making the final purchase decision as they largely influence the cost of premium.

• 7Are There Any Limitations To Using A Car Insurance Premium Calculator?
  There aren't necessarily limitations to using a car insurance calculator, but it's important to consider its purpose. The calculator's main objective is to give you estimates on the premiums of various plans available. However, choosing the best plan goes beyond just price. You'll need to consider your specific needs and the coverage details of each plan before making a wise decision.

• 8Does My Place Of Residence Affect My Car Insurance Premium?
  Yes, the place of residence does play a role in deciding your insurance premium. Insurance companies consider your location as one of the key factors when determining your premium. That’s why the first step of our car insurance calculator will ask you for the RTO under which your car is registered.

  Several factors related to your place of residence can influence your car insurance costs:

  • Population Density
  • Crime Rate
  • Traffic Congestion
  • Weather Conditions
  • Legal Requirements
  • Claims History

  Know more about – Need of car insurance policy in India

  Living in a metro city or disaster-prone area means you could pay more for car insurance because these places have higher car damage risks. Car insurance is about sharing these risks, so where you live can impact your premium.