Benefits of Car Insurance Calculator
A cable car insurance calculator is a very helpful on-line instrument that helps you to calculate and figure out the insurance premium monetary value for your car/vehicle. It instantaneously calculates the premium total considering details such as cable car ’ mho make, model, RTO details, Insured Declared Value ( IDV ), etc .
- Using a car insurance calculator helps save time. It instantly tells the premium amount for your car offered by various insurance providers available in the market.
- It compares the premium rates as well as other variables offered by multiple insurers and helps you choose the policy best suitable for your needs and demands.
- It offers you flexibility as there is no rush to make a decision and no external influence of an agent which may affect your choice.
- It can help you select the right add-on covers for your car insurance which are suitable based on your budget and requirements.
- It allows you to adjust different factors like deductible, IDV, etc., which affect your premium. With this premium calculator, you can try variables till you get a perfect combination for you.
How is Car Insurance Premium Calculated?
You can easily calculate car policy agio with the aid of the InsuranceDekho car insurance premium calculator. The premium of a car indemnity plan depends on the coverage of the plan and other factors such as car ’ south make, model, variant, fuel type, RTO placement, etc. The premium for third party cable car indemnity plans is fixed by the IRDAI and it depends only on the cable car ’ mho engine capacitance, whereas the premium for standalone own-damage & comprehensive examination car insurance plans is determined by the policy companies and varies from the policyholder to policyholder. Let ’ s understand the premium price calculation for vehicle/car policy better with an exercise.
For example, Mr. A wants to purchase a car indemnity policy for his Hyundai i10 Asta which has the following details :
- Engine Capacity: 1197 cc
- Fuel Type: Petrol
- Registration City and Year: Noida and 2018
- NCB: 20%
- Policy Tenure: 1 Year
At InsuranceDekho, Mr. A can find the follow premium quotes for his car/vehicle bearing the above-mentioned details :
|Car Insurance Plan||Premium Amount|
|Third-Party plan||Rs. 3,221|
|Standalone Own-Damage plan||Rs. 2,966|
|Comprehensive design||Rs. 6,187|
( premium Rates As On February 2022 )
How to Use Car Insurance Premium Calculator Online?
Every insurance provider has its own method acting of calculating the car indemnity bounty amount. however, there are two major divisions namely, the premium calculation for use cars and the premium calculation for new cars. You will be required to enter sealed essential details in order to calculate the premium for your car indemnity. here are the steps to get the indemnity bounty through the vehicle/car policy premium calculator :
- Select the brand, model, variant and fuel type of your car
- Select the registered location of your car correctly
- Select the year in which you purchased your car
- Select ‘Yes’ or ‘No’ to confirm if you made any claim in the previous year
- After this, you will have to enter your name and mobile number. You will get an OTP on the mobile number, entering which will get you the policy premium quotes for the car insurance.
How Do You Online Calculate Insurance Premium for Used Cars?
all-important vehicle details required for calculating the premium on-line for used/old fomite :
- Make, model, a variant of the vehicle
- Fuel type
- Existing car insurance policy details (if any)
- State and city of car registration
- No Claim Bonus (NCB) or previous claim file reports and details (if any)
The car policy premium calculator will then estimate the bounty measure based on the details provided then that you opt for the ideal car insurance policy .
How Is Online Insurance Premium Calculated On A New Car?
Vehicle details required for calculating the agio for newfangled cars :
- Car Manufacturer
- Year of manufacture
- Model of the car
- Variant of car
- Car’s registration state and city
The car indemnity premium calculator will estimate the premium sum that you need to pay for your cable car policy policy for your vehicle .