🇮🇳 Insurance Calculator
Car Insurance Premium Estimator
Get a ballpark annual premium built the way Indian motor insurance actually works: a fixed IRDAI Third-Party rate plus an IDV-based Own Damage premium, discounted by your No Claim Bonus.
Your Vehicle
Third-Party premium is fixed by IRDAI for this bracket - illustrative rate shown, confirm current-year figure with your insurer.
Roughly your car's current market value (ex-showroom price minus depreciation).
Estimated Annual Premium
estimate - actual quotes vary by insurer
Third-Party (IRDAI)
₹0
Own Damage (after NCB)
₹0
NCB Savings
₹0
Per Month
₹0
This is a rough estimate, not a quote. Own Damage pricing varies significantly by insurer, exact vehicle model, and city - compare real quotes before buying.
How the estimate works.
Indian motor insurance is structurally different from the US: Third-Party Liability is compulsory by law and priced the same at every insurer via an IRDAI-notified rate for your engine's cc bracket - your age, credit score, and driving record don't move this number at all. The only competitively-priced piece is Own Damage cover, which is based on your car's IDV and discounted by your No Claim Bonus. This calculator models both pieces separately so you can see where your money is actually going.
Why NCB matters more than any US-style discount
No Claim Bonus is the single biggest lever you control on premium cost - it climbs from 20% to a capped 50% over five consecutive claim-free years, and it follows you (not the car) if you switch insurers or vehicles. Filing a small claim to save a few thousand rupees on a minor dent can cost you far more in lost NCB over the following years, so it's often worth paying small repairs out of pocket.
Frequently asked questions.
Why is Third-Party premium the same across insurers?
Third-Party Liability premiums for private cars are fixed by IRDAI (Insurance Regulatory and Development Authority of India) every year, based on your engine's cc bracket - not your driving record or credit score. Every insurer must charge the same TP rate; only the Own Damage portion is priced competitively.
What is IDV and why does it matter?
IDV (Insured Declared Value) is the current market value of your car - roughly its ex-showroom price minus depreciation. It's the maximum amount your insurer will pay if the car is stolen or declared a total loss, and it's also the base your Own Damage premium is calculated from. A higher IDV means higher OD premium but better payout protection.
What is No Claim Bonus (NCB) and how much can it save me?
NCB is a discount on your Own Damage premium for each claim-free year, starting at 20% after year 1 and rising to a maximum of 50% after 5 consecutive claim-free years. NCB belongs to you, not the car - you can transfer it to a new vehicle or a new insurer. Filing even a small claim resets it, so weigh a minor repair against the NCB you'd lose.
Do I need Comprehensive cover, or is Third-Party enough?
Third-Party is the legal minimum in India under the Motor Vehicles Act - it covers damage/injury you cause to others but nothing for your own car. Comprehensive (Third-Party + Own Damage) also covers your own vehicle against accidents, theft, fire, and natural disasters. Almost all financed cars require Comprehensive; even for owned cars it's strongly recommended for anything but a very old, low-value vehicle.
How accurate is this estimate?
The Third-Party figure is close to the actual IRDAI-notified rate for your cc bracket. The Own Damage figure is a rough estimate - real OD pricing varies by insurer, exact IDV, city, vehicle age, and any add-ons (zero depreciation, engine protection, etc.), so actual quotes can differ meaningfully from this estimate. Always compare 2-3 real quotes before buying.