Calculate Your Car Insurance Premium Now
Car Insurance Premium Calculator
A four-wheeler is more than just a mode of transportation; it holds a special place in our hearts. We cherish our cars, spending Sunday afternoons grooming and cleaning them, ensuring they remain in top-notch condition.
Regular maintenance, like checking engine oil and maintaining tyre pressure, is essential, but there's more to safeguarding our cherished machines. One of the best ways to ensure all-round protection for your car is by investing in a car insurance policy.
A four-wheeler insurance policy acts as the ultimate safety net, providing financial coverage in case of accidents or even theft. It offers peace of mind by allowing you to get necessary repairs done without worrying about excessive expenses.
However, determining the right amount of coverage your car needs, as well as finding the appropriate premium to pay, can be a challenging task. That's where a car insurance calculator comes into play.
To know more about car insurance cost calculators and how to use it effectively, you may want to keep reading. This will help you make informed choices and ensure your beloved car is well-protected while staying within your budget.
What is a Car Insurance Calculator?
A car insurance calculator or a car insurance premium calculator is a convenient and efficient online tool designed to provide an accurate quote for your car insurance premium.
You only need to enter your car's registration number into the calculator, and it will generate a detailed premium quote based on various factors.
The car insurance premium calculator goes beyond just providing a basic quote. It empowers you to customise essential aspects of your insurance, such as the Insured Declared Value (IDV). Since a car insurance calculator helps determine the IDV, it is also called an IDV calculator.
The IDV represents the maximum amount the insurance company will pay in the event of a total loss or theft of your car. Adjusting the IDV allows you to fine-tune your insurance coverage to meet your needs.
Tips to Save on Your Car Insurance Premium
Choose Add-On Covers Wisely: While car insurance add-ons enhance your coverage, it's crucial to be selective. Some add-ons come at an extra premium; adding too many may increase your overall premium. Use the car insurance premium calculator to identify essential add-ons that provide better coverage without excessively hiking the premiums.
Car Accessories and Modifications: Installing safety attachments like anti-theft devices can reduce the theft risk and lower your car insurance premium. However, be cautious with specialised modifications, as specific alterations may increase premiums. Assess the impact of modifications on your premium before making any changes.
Timely Renewals: Renewing your car insurance on time is paramount to retaining the valuable benefits of the No Claim Bonus (NCB). The NCB is a reward given to policyholders who maintain a claim-free record during the policy year, resulting in lower premiums, as a token of appreciation for safe driving. You can utilise the car insurance renewal premium calculator to make the renewal process more convenient and ensure you take advantage of these benefits.
Drive Carefully: Safe and responsible driving can lead to significant discounts in NCB. Accumulating this discount over the years may result in up to 50% lower premiums. You can ensure lower premium payments by avoiding damage claims and practising safe driving.
By following these tips, you can effectively reduce your car insurance premium while maintaining adequate coverage for your vehicle. Utilising tools like the vehicle insurance calculator helps you make informed decisions, ensuring you pay only for the necessary coverage and enjoy cost savings in the long run.
Why Is Using a Car Insurance Premium Calculator Important?
A car insurance premium calculator is an essential tool for calculating the premium of your car insurance policy, whether you're buying it for the first time or renewing an existing one. Here are several reasons highlighting the significance of using a 4-wheeler insurance premium calculator:
Time-saving: The car insurance online calculator saves you the valuable time you would otherwise spend researching quotes from multiple insurance companies. It streamlines the process by providing quick premium calculations, sparing you the hassle of manually comparing quotes from various sources.
Informed decision-making: The online car insurance calculator lets you make well-informed decisions without external influence. You can customise the premium rates based on the coverage you need for your vehicle, relying solely on your preferences and requirements.
Easy purchase and renewal: With the help of a car insurance calculator, purchasing car insurance online becomes a seamless process. The premium calculation is simplified, facilitating a smooth and hassle-free policy purchase. Additionally, during renewal, the calculator allows you to complete the process conveniently from the comfort of your home.
Plan and premium comparison: An online car insurance calculator empowers you to compare different policies and their respective premium rates efficiently. You can explore various car insurance policy types, consider multiple add-ons, and assess the combined cost of policy and add-ons. This comprehensive comparison helps you find a policy that perfectly aligns with your budget and insurance needs.
How to Calculate Car Insurance Premium? Steps to Use a Car Insurance Premium Calculator!
At Tata AIG, we prioritise your convenience, and our car insurance premium calculator is designed to provide you with the best quotes for your four-wheeler insurance policy. Calculating the insurance premium and obtaining a comprehensive car insurance quote is now effortless with our three-step process:
Step 1: Submit the registration number
To begin, simply enter your car's registration number in the car insurance calculator. Click on "Get Price" to proceed to the next step.
Step 2: Verify the fetched details
Our calculator's advanced API will automatically fetch the relevant details of your car. Take a moment to verify the accuracy of the information, and if necessary, make any required changes.
Step 3: Get your quote
On the final page of our car insurance premium calculator, you can select the desired Insured Declared Value (IDV) and provide any previous car insurance policy details. Include your mobile number to receive an instant car insurance policy quote. For added convenience, you can also utilise the IDV calculator to determine your car's insured declared value accurately.
By following these simple steps and submitting the necessary details, you'll receive multiple premium rates tailored to your car insurance needs. Our car insurance premium calculator empowers you to make well-informed decisions, allowing you to choose the most suitable car policy online at competitive rates.
Required Information For The Premium Calculation Of Used & New Cars
Our car insurance premium calculator is invaluable when calculating the car insurance premium premium for your new or used car. This calculator considers factors influencing your car insurance premium, ensuring you get an accurate and customised quote. Here's how you can use the premium calculator for both new and used cars:**
For a Used Car:
Details of the car's previous ownership: Provide information about its previous owners, including their names and other relevant details.
Claim details of the previous policy year: If the car had any insurance claims in the last policy year, input the relevant claim information.
Existing car insurance details: If the used car already has an existing insurance policy, enter the policy details accurately.
For a New Car:
Car's registration details: Input the registration details of your new car, including the registration number.
Make and model of the car: Select your new car's specific make and model from the available options.
Year of car manufacture: Mention the year your new car was manufactured.
Details of the owner-driver: Provide essential information about the car's primary driver, such as name, age, contact information, gender, marital status, etc.
Policy's commencement date: Select the start date for your new car insurance policy.
By providing these necessary details on the car insurance premium calculator, you'll receive a comprehensive quote that reflects the specific attributes of your car and insurance requirements. The calculator's accuracy enables you to make well-informed decisions about your car insurance policy, ensuring you get the coverage you need at the best possible premium rate.
Factors That Determine Car Insurance Premium Value
Whether you opt for third-party car insurance or a comprehensive car insurance policy, your car insurance premium is influenced by several crucial factors:
Insured Declared Value (IDV): The IDV represents the current market value of your car and is the sum assured you would receive in case of theft or total damage beyond repair. The higher the IDV, the higher the premium rate. However, setting an extremely low IDV to save on premiums may lead to a lower settlement amount in the event of car theft.
Your Car's Cubic Capacity: For third-party car insurance, rates are determined by the IRDAI based on the car's cubic capacity. The higher the engine capacity, the higher the premium.
No Claim Bonus (NCB): Car insurance providers offer NCB as a premium discount to policyholders with a claims-free history. Accumulating NCB over consecutive claim-free years can lead to significant premium reductions of up to 50%.
Your Car's Brand, Model, and Variants: The type of car you own, its brand, model, engine capacity, and other factors affect the car insurance premium. Expensive cars or those requiring special maintenance may result in higher premiums.
Geographical Location - Urban or Rural: Your residence also impacts the premium cost. Urban areas and cities generally have higher premiums due to increased risks of accidents and traffic, whereas rural areas may have lower premiums.
Chosen Fuel Type: Your car's fuel (petrol or diesel) influences the insurance cost. Diesel-powered vehicles usually have higher premiums due to higher maintenance costs.
Your Car's Age: Your car's age affects the depreciation rate, impacting the car insurance premium. As the car's IDV decreases with depreciation, so does the insurance cost.
Choice of Add-ons: Add-ons provide additional coverage against specific damages but come with an extra premium cost. Carefully evaluate and select only the add-ons that suit your needs.
Voluntary Deductible: Opting for a voluntary deductible allows you to pay a portion of the insurance amount during a claim. It reduces the premium rate but also lowers the claim payout during settlements.
By considering these factors, you can calculate your car insurance premium more accurately, enabling you to make informed decisions and choose the best insurance policy for your needs.
Benefits of Using TATA AIG Car Insurance Premium Calculator
There are several benefits of using an online car insurance calculator. It will help you make informed decisions and secure the most suitable car insurance policy**
Ease of Buying Insurance The car insurance calculator allows you to compare different plans easily, ensuring you find a policy that matches your requirements right from the beginning of the buying process.
Save Money on Premium Payment By comparing car insurance quotes, you clearly understand each policy's inclusions and exclusions. It enables you to select appropriate coverage and relevant add-ons, resulting in cost savings on the overall premium.
No Difficulty in Making a Prudent Choice The car insurance premium calculator provides insights into the factors influencing your premium, empowering you to make an informed choice based on your needs and preferences.
No Hassles of Dealing with Agents Online comparison and purchase of car insurance eliminate the influence of local insurance agents, allowing you to make unbiased decisions based solely on your judgement.
Right IDV (Insured Declared Value) With the car insurance calculator, you can adjust the IDV of your car based on its age, make, and model. It ensures you receive the appropriate market value compensation in case of theft or total loss.
Right Add-ons The calculator helps you choose the necessary add-ons to meet your car protection needs without unnecessarily increasing the premium amount.
Right Premium Calculating the car insurance premium accurately is vital to avoid unaffordable high payments or inadequate coverage in the long run.
A car insurance premium calculator facilitates a well-informed decision-making process, allowing you to tailor the policy to your needs, find the right coverage, and ensure cost-effective premium payments. By utilising this tool, you can confidently purchase the most suitable car insurance policy that provides optimal protection for your vehicle.
5 Reasons Why You Should Get Your Car Insurance from TATA AIG
When it comes to securing your precious car with the right insurance, choosing a trusted and reliable provider is paramount. Tata AIG stands out as a leading name in the insurance industry, offering comprehensive car insurance policies that cater to the diverse needs of car owners.
This section presents five compelling reasons why you should consider Tata AIG for your car insurance, ensuring your vehicle's protection and peace of mind on the roads.
Extensive Network Garages: Tata AIG offers the advantage of cashless repairs at over 7,500 network garages across India. This expansive network ensures easy access to quality repair services wherever you may be, without the hassle of settling bills, as the insurance provider takes care of the expenses.
Comprehensive Coverage: Opting for Tata AIG's comprehensive car insurance provides complete cover beyond mandatory third-party insurance. It safeguards your car against damages arising from accidents, natural disasters like floods and earthquakes, human-made disasters like riots or vandalism, and even theft.
However, it's important to note that driving under the influence of intoxicating substances and driving outside the geographical area specified in your policy are not covered under this policy.
Personal Accident Cover for Owner-Driver: With Tata AIG's car insurance policy, you receive a personal accident cover of ₹15 lakhs for the owner-driver, as mandated by the Insurance Regulatory and Development Authority of India (IRDAI). In the unfortunate event of an accident causing physical injuries, disability, or death to the owner-driver, this cover provides financial protection.
Third-Party Liability Cover: Tata AIG's third-party liability cover protects you against financial damages caused by your insured vehicle to third-party persons or property. It safeguards you from legal implications and ensures that any third-party damages caused by your vehicle are handled.
Loss of or Damage to the Insured Vehicle: In case of extensive damage or theft of your insured car (total loss), Tata AIG compensates you with your car's Insured Declared Value (IDV). The IDV is the current market value of your car, and it helps determine your insurance coverage and premium. By availing of the IDV from your insurance provider, you receive appropriate compensation for the loss incurred.
Tata AIG offers a comprehensive and customer-centric car insurance policy that not only protects your car against various risks but also ensures ease of access to repair services and prompt claim settlements. With these benefits and features, Tata AIG is a reliable choice for your car insurance needs.
How to Reduce Car Insurance Premium Price?
Driving your way to a more affordable car insurance premium is possible with smart decision-making. Here are some inventive ways to reduce your car insurance costs:
Turbocharge Your Voluntary Deductible: If you've been accident-free for years, rev up your savings by increasing your voluntary deductible. You can enjoy lower car insurance premiums by taking on a higher share of the repair costs during a claim.
Pick Add-Ons with Precision: Customise your coverage like a pro! Choose add-ons that perfectly suit your needs and car's requirements. Opt for those that provide the right level of protection without unnecessary financial burden.
A Conversation with the Insurance Maestros: Don't hesitate to steer your way to better deals. Contact your chosen insurance company and negotiate for a competitive car insurance quote. A friendly chat could lead to surprising discounts.
Time Your Renewal with Precision: Drive through the renewal process smoothly by renewing your car insurance policy on time. You can skip the time-consuming pre-inspection, unlock No Claim Bonus benefits, and gain discounts that fuel your savings.
Cruise with a Clean Driving Record: Safe driving is a work of art. Staying within speed limits and avoiding accidents keeps you secure on the roads and paints a rosy picture with your insurance provider. A clean driving record rewards you with coveted No Claim Bonuses year after year.
Remember, taking smart decisions can steer you towards a more budget-friendly car insurance premium. Make the right moves on the road and in your policy decisions, and watch your savings drive towards new horizons. Happy motoring!
Third-Party Liability Premium Rates
|Category||Engine Cubic Capacity||Car Insurance Yearly Premium Rate (in ₹)*|
|Private Four-Wheelers||Not more than 1,000cc||₹2,094|
|Private Four-Wheelers||More than 1,000cc but less than 1,500cc||₹3,416|
|Private Four-Wheelers||More than 1,500cc||₹7,897|
|Private Electric Four-Wheelers||Not exceeding 30 KW||₹1,780|
|Private Electric Four-Wheelers||Between 30 KW and 65 KW||₹2,904|
|Private Electric Four-Wheelers||Above 65 KW||₹6,712|
|Vintage Four-Wheelers||50% discount on verified Vintage Four-Wheelers by Vintage & Classic Car Club of India||50% Discount|
Long-Term Third-Party Liability Rates (3-Year Policy)
|Category||Engine Cubic Capacity||Car Insurance Premium Rate (in ₹)*|
|Private Four-Wheelers||Not more than 1,000cc||₹6,521|
|Private Four-Wheelers||More than 1,000cc but less than 1,500cc||₹10,640|
|Private Four-Wheelers||More than 1,500cc||₹24,596|
|Private Electric Four-Wheelers||Not exceeding 30 KW||₹5,543|
|Private Electric Four-Wheelers||Between 30 KW and 65 KW||₹9,044|
|Private Electric Four-Wheelers||Above 65 KW||₹20,907|
Add-Ons Available with Car Insurance
Tata AIG car insurance takes the protection concept to a new level, extending its coverage beyond the driver and the vehicle itself. With a comprehensive approach, Tata AIG also goes the extra mile by safeguarding third-party liabilities. Elevating your basic cover, you can select from 12 unique car insurance add-ons, enhancing your driving experience and peace of mind.
Let's embark on a journey to explore these extraordinary add-ons that cater to your every need:
NCB Protection Cover: Preserve your hard-earned No Claim Bonus by claiming without affecting your overall NCB. Unlock up to a 50% discount on your premium with this valuable shield.
Roadside Assistance Cover: Trust in the assurance of on-the-spot repairs and assistance when your vehicle faces unexpected breakdowns. Save the day with Tata AIG's roadside assistance helpline - 1800 266 7780.
Repair of Glass, Fibre, Plastic, and Rubber Parts: Minor damages to essential car components need not entail total replacements. Get them repaired with ease and retain your precious NCB.
Daily Allowance: If your car faces extended repair periods, this thoughtful add-on provides a daily allowance to ease your commute during those challenging times.
Emergency Transport and Hotel Expenses: Unexpected accidents mid-journey won't leave you stranded. This rider takes care of your overnight stay in a hotel or ensures your travel back home or to the nearest city.
Key Replacement: Misplacing your keys won't leave you stranded. This rider covers the cost of replacement and labour for new locks.
Engine Secure: This rider protects your car's engine against damage, covering repair and replacement expenses for those residing in flood-prone areas.
Tyre Secure: Say goodbye to worries about accidental tyre and tube damage with this rider that takes care of repair and replacement costs.
Consumables Expenses: In the aftermath of an accident, this rider covers the cost of consumables like engine oil, grease, and more.
Return to Invoice: In case of a total loss, constructive total loss, or theft, this cover bridges the gap between the sum assured and the invoice value of your car.
Zero Depreciation Cover: This rider ensures total compensation for replaced parts without any depreciation deduction under your damage claim.
Loss of Personal Belongings: Your personal belongings receive exceptional care with this rider, protecting them from loss or damage.
With these incredible add-ons, Tata AIG car insurance surpasses expectations, offering you a tailored and comprehensive coverage experience.
How to Compare Car Insurance Quotes Online
Before embarking on your journey to compare car insurance policies, it's crucial to understand the key factors that will help you make an informed decision:
Price: The cost of replacing or repairing your car can be high, so price is a significant consideration. However, consider the features and coverage offered while comparing prices from different insurers. Strive to balance affordability and adequate coverage that suits your needs.
Coverage: Beyond the basic coverage, pay attention to the availability of add-ons such as Return to Invoice, Zero Depreciation, and Roadside Assistance. Understanding your driving habits and requirements will enable you to select the most suitable insurance policy.
Customer Reviews and Ratings: Feedback from other policyholders is invaluable in assessing an insurer's reliability and claim settlement process. Check customer reviews and the claim settlement ratio of various companies. Researching the after-sales services provided by insurers can also be beneficial.
Your Car's Age: Your car's Insured Declared Value (IDV) is influenced by its market value, which reduces yearly due to wear and tear. As the car ages, its IDV decreases, leading to a lower premium and sum assured. However, older cars may also pose higher risks and vulnerability to damages, affecting the premium calculation.
Exclusions & Invalid Claims: Thoroughly review each car insurance policy's terms and conditions, policy wording, and fine print to understand what is covered and what is not. Awareness of exclusions and inclusions will help you avoid claim rejections and ensure a smoother claims process.
With a clear understanding of these essential factors, you can confidently compare different car insurance policies and find the one that provides optimal coverage, suits your budget, and offers peace of mind during challenging times.
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
What's voluntary deductible in car insurance, and how can it benefit policyholders?
What's voluntary deductible in car insurance, and how can it benefit policyholders?
When making a car insurance claim, there are two components to the total claim payment: the compulsory and voluntary deductible. The compulsory deductible is the fixed amount set by the insurance company that you must pay during a claim. On the other hand, the voluntary deductible is an additional amount that you, as the policyholder, choose to pay voluntarily over and above the compulsory deductible during a car insurance claim settlement.
The primary reason people opt for a voluntary deductible is to lower their car insurance premiums. Policyholders can enjoy reduced premium costs by agreeing to pay a higher amount voluntarily in case of a claim. However, it's essential to be generous in using this feature solely to reduce premiums.
A prudent approach is to consider a voluntary deductible when you have accumulated a substantial No Claim Bonus (NCB) level, usually when you haven't made any claims for five years or more. With a higher NCB level, the probability of making a claim is lower, making it a suitable time to opt for a voluntary deductible.
What important factors should I consider before switching my insurance company online?
Before switching your insurance company online, it's crucial to consider several important aspects to ensure a smooth and satisfying experience:
Speed of Claim Settlement: Swift claim settlement is a top priority. Look for an insurance company with a reputation for quick and hassle-free claim processing, ensuring you receive your money without unnecessary delays.
Approachability: Accessibility to customer care is essential. Choose an insurer with responsive and easily reachable customer support, saving you from hours of waiting and frustration when you need assistance.
Cashless Option for Car Repairs: Opt for an insurance company that offers a cashless facility for car repairs. It enables you to get your car fixed without paying upfront and then claim reimbursement later.
Network Connectivity: Check the network of affiliated service centres and garages of the insurance company. A robust and widespread network ensures that you can access reliable repair services wherever you are.
Claim Settlement History: Research the claim settlement history of the company. Look for insurers with a high rate of successful and fair claim settlements, ensuring you can rely on them in times of need.
What is the importance of a car insurance renewal premium calculator?
A car insurance policy typically lasts for one year, and once that period is over, it becomes crucial to renew the policy to ensure continuous coverage for your vehicle. However, several factors influence the premium calculation for your policy, and these factors may change when it's time for renewal.
As a result, the premium amount after renewal will likely differ from the previous one. Utilising a car insurance renewal premium calculator in such situations proves highly beneficial. Using this tool, you can anticipate and prepare for changes in your next premium.
*Disclaimer: All prices mentioned here are subject to change with time and the place of purchase. Therefore, it is highly recommended that insurance buyers enquire about the current insurance price from the dealers/insurance agents/companies.