Car Insurance Calculator
Calculate and compare car insurance premiums quotes of different companies.
It is not an easy task to select a Car Insurance policy among all the policy providers and to decide upon the best insurer who caters to all your needs and provides protection to the services which you think are a great fit for you. But that needs huge research to know the premium coverage of various policyholders.
Those were the days people used to rely on agents to solve their dilemma in choosing the insurance provider. But their discussion always resulted in half information and endless questions which again caused trouble in purchasing the policy.
To avoid all these nuisances Online Car Insurance Calculators are the perfect solution for queries and helps to compare the prices online.
Benefits of car insurance calculator
Authenticated
No agents are needed.
Helps in comparison
As it is made online, it can be done at your comfort level, Anytime! Anywhere!
One can see the factors that change premium coverage.
Avoids confusion and gives a crisp quote
How to use a Car Insurance Calculator?
Car Insurance Calculators differ slightly from one insurance provider to the other. Here are the simple steps you can follow to understand the ways to get quotes online from Shakthi Insurance
Car Insurance Calculator for New Vehicles.
We must let you know all the facts before you decide whether to buy a taxi insurance policy or not. Having a thorough understanding of your insurance coverage will protect you from unpleasant surprises. This policy will pay for the expenses if your car gets damaged due to:
- Choose the Name or Model of the car from the options
- Choose the year of purchase
- Mention the Name of the manufacturer
- Mention Show-room price
- Mention the Registered Location of a your vehicle.
- Choose your option, With NCB or Without NCB for that particular policy tenure
- Insured Declared Value(IDV) and the premium coverages will be displayed.
- Select the plan: Comprehensive or Liability Coverage
- Select Add-on covers if you find them necessary according to your travel plans.
- View the final premium amount that the particular company charges.
Car Insurance Calculator for Used Vehicles
- Submit the credentials of previous insurance policy
- Submit your requirement as With or Without NCB in the displayed particulars.
- Mention ZDP- Zero Depreciation Value.
- Enter the details of any other alternative Car Insurance policy if exists
- Insured Declared Value(IDV) and the premium coverages will be displayed.
- Choose the plan: Comprehensive or Liability Coverage
- Choose Add-on covers if you find them necessary according to your travel plans.
- View the final premium amount that the particular company charges.
How is the car insurance calculated online?
Car Insurance Calculator will be designed based on the formula:
For new cars:
- Premium = OD – Cost of Additional Covers + Third-party Premium which is pre-fixed by IRDAI.
The formula if you have not claimed the policy and have the discounts provided by the insurer. This applies when you are renewing the Car Insurance Policy:
- Premium = OD – (NCB + Additional Discounts) + Cost of Additional Covers + Third-party Premium which is pre-fixed by IRDAI. .
