Vehicle Insurance Calculator India

Motor Insurance Calculator

The wide range of motor insurance products offered by numerous leading insurance companies in India make it very difficult for a layman to decide on the most appropriate policy. So when looking to buy motor insurance, it is quite possible that you may reach a state of confusion.

Almost all general insurance companies today offer you the facility to compare policies online and buy a suitable cover. They also enable you to calculate the premium for a plan using the motor insurance calculator facility. This is a very useful service, as customers can get an estimate of the amount they will be setting aside towards motor insurance per year.

Benefits Of Using A Motor Insurance Calculator
The motor insurance premium calculator tool is advantageous in the following ways:

When you are planning to buy motor insurance, you can first use the tool and calculate the premium for a particular plan. This way, the overall process of policy purchase becomes quick and effortless.
When you use the motor insurance calculator tool and buy insurance online, you are not pressurised by insurance agents or any other such middlemen to complete the process in haste. Essentially, the tool gives you complete freedom to make a purchase decision in a well-informed manner.
You can alter the variables provided as input to the premium calculator tool and see the change in premium. This helps you make an informed decision on the coverage when making the final purchase.
How To Use The Motor Insurance Premium Calculator Tool
The motor insurance premium calculator facility is extended to new and used cars alike. In order to determine the approximate premium for a specific motor insurance plan, you will be required to provide the following details as input:

The make and model of the vehicle
The subtype of the vehicle
The city of registration
The age of the car
Your name and mobile number
You should then click on the ‘Calculate Premium’ button to get a quick quote. The premium quote usually considers the complete No Claim Bonus (NCB) and uses a system-generated IDV. This premium is just an estimated value and the actual amount may differ.