Car Insurance Calculator
Estimate your annual car insurance premium based on the vehicle type, IDV, city zone, and NCB discount. For planning purposes only — actual premiums vary by insurer and IRDAI norms.
Disclaimer: These are rough estimates for planning purposes only. Actual car insurance premiums vary significantly based on the vehicle model, variant, city, insurer, add-ons, NCB history, and IRDAI-approved rates. Always get quotes from multiple insurers.
Vehicle Details
No-Claim Bonus for previous years without claims
Estimated Annual Premium
₹34,429
SUV | Brand New | Tier 1 City
Insured Declared Value (IDV)
₹9,50,000
Own Damage Premium
₹21,280
Third Party Premium
₹7,897
NCB Discount Applied
−₹5,320
GST @ 18%
₹5,252
Total Annual Premium
₹34,429
Estimates are based on general industry benchmarks. Statutory third-party rates and own damage rates are set by IRDAI and vary by insurer.
Understanding Car Insurance in India
Car insurance in India is mandatory under the Motor Vehicles Act. A comprehensive policy includes two components: Own Damage (OD) which covers your vehicle, and Third Party (TP) which is a statutory requirement covering liability to others.
IDV (Insured Declared Value) is the maximum amount the insurer will pay in case of total loss or theft. It's roughly the current market value of your car. A higher IDV means a slightly higher premium but better coverage.
NCB (No Claim Bonus) is a discount earned for each claim-free year. It can go up to 50% on the own damage component — a significant saving over the years.