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Financial Calculator

Car Insurance Premium Calculator

Calculate your car insurance premium instantly. Compare comprehensive and third-party insurance costs based on your vehicle details and get accurate quotes for November 2025.

Calculate Your Premium
Enter your vehicle details to get an instant premium estimate
Comprehensive
Own damage + Third party
Third Party Only
Liability coverage
Estimated Premium
Base Premium
₹12,500
Own Damage Cover₹8,500
Third Party Liability₹2,072
Add-ons₹7,000
GST (18%)₹3,163
Total Premium₹20,735
Save up to 20% with NCB

With No Claim Bonus, your premium can be as low as ₹16,588

Key Features
  • Instant premium calculation
  • Compare comprehensive vs third-party
  • Add-on coverage options
  • NCB discount calculator
Premium Factors
  • • Vehicle age and model
  • • Insured Declared Value (IDV)
  • • City and zone
  • • Cubic capacity
  • • No Claim Bonus (NCB)
  • • Add-on covers selected
November 2025 Rates

Third Party Premium (Fixed by IRDAI):

  • • Up to 1000cc: ₹2,072
  • • 1000-1500cc: ₹3,221
  • • Above 1500cc: ₹7,890
Understanding Car Insurance Premium

Car insurance premium is the amount you pay to keep your vehicle insured. It consists of two main components: Own Damage (OD) cover and Third Party (TP) liability. The OD premium varies based on your vehicle's Insured Declared Value (IDV), while TP premium is fixed by IRDAI annually.

In November 2025, comprehensive car insurance typically costs 2-4% of your vehicle's IDV, while third-party insurance has fixed rates based on engine capacity. Add-ons like zero depreciation and engine protection can increase your premium by 15-30%.

Ways to Reduce Your Premium
  • 1
    Maintain No Claim Bonus
    Get up to 50% discount on OD premium
  • 2
    Install Anti-theft Devices
    Get 2.5% discount on OD premium
  • 3
    Opt for Higher Voluntary Deductible
    Reduce premium by choosing higher deductible
  • 4
    Compare Multiple Quotes
    Different insurers offer varying premiums