IDV stands for Insured Declared Value. It is the maximum amount your insurer will pay in case of total loss or theft of the vehicle.

Can I transfer my NCB?

Yes, NCB is linked to the policyholder, not the vehicle. You can transfer it to a new car policy when you sell your old car.

Yes, a standard Goods and Services Tax of 18% is applicable to all insurance premiums in India.

Car Insurance Calculator

Estimate your comprehensive or third-party car insurance premium accurately in seconds.

Vehicle Configuration

Enter details to estimate your insurance cost

Ex-Showroom Price (₹)

Engine CC

Vehicle Age

Plan Type

No Claim Bonus (NCB)

Estimated Yearly Premium

₹39,903/ yr

IDV Value

₹9,50,000

Market Value

Net OD

₹30,400

After NCB

Third Party

₹3,416

Fixed Cover

GST (18%)

₹6,087

Govt Tax

Premium Breakdown

Live

Rate4.2%

Own Damage

Third Party

GST (18%)

Maintain a claim-free record to earn up to 50% NCB discount on your OD premium.

What is Car Insurance?

Car insurance premiums are calculated based on the Insured Declared Value (IDV) of the vehicle, its engine capacity, and the chosen plan type. Comprehensive plans cover both own damage and third-party liabilities, while TP plans only cover legal liabilities towards others.

How is Premium Calculated?