Car Insurance Calculator India — Estimate Your Annual Premium
Estimate car insurance premium for third-party and comprehensive policies. Compare costs based on vehicle age type city and IDV to find the best coverage.
Car insurance is mandatory in India with third-party liability insurance required by law under the Motor Vehicles Act. Comprehensive insurance which covers both third-party liability and own damage is strongly recommended for newer vehicles. Premiums depend on your car model age city claim history and chosen add-ons. Understanding how premiums are calculated helps you avoid overpaying while ensuring adequate coverage.
Calculate Now
EMI Calculator
Key Information
| Parameter | Details |
|---|---|
| Third-Party Premium (Cars) | Rs 2094 - Rs 7897 (by engine capacity) |
| Own Damage Premium | Based on IDV (market value) |
| No Claim Bonus | Up to 50% discount for claim-free years |
| Average Comprehensive Premium | Rs 8000 - Rs 25000 per year |
Estimate your car insurance
Get accurate results instantly — 100% free, no signup required
Use Calculator NowFrequently Asked Questions
How is car insurance premium calculated?
Third-party premium is fixed by IRDAI based on engine capacity. Own damage premium is a percentage of IDV (Insured Declared Value = market value minus depreciation). Your final premium = Third-party + Own damage - NCB discount + Add-on covers + GST (18%). A 3-year-old Maruti Swift with 50% NCB might pay Rs 6000-8000 comprehensive annually.
What is No Claim Bonus and how does it work?
NCB is a discount on your own damage premium for each claim-free year: 20% after 1st year 25% after 2nd 35% after 3rd 45% after 4th and 50% after 5th year. Making a small claim (say Rs 5000) can cost you 50% NCB worth Rs 4000-8000. For small damages consider paying out of pocket to preserve NCB which accumulates over years.
Third-party vs comprehensive insurance which to choose?
Third-party insurance is cheapest (Rs 2000-8000/year) covering only damage you cause to others. For vehicles under 5 years old comprehensive is strongly recommended as it covers theft fire natural disasters and accident damage to your own car. For vehicles older than 8-10 years with low market value third-party only may be sufficient since own damage coverage decreases with depreciation.
Related Calculators
Last updated: 24 March 2026