🚗 How to Use the Vehicle Insurance Premium Calculator
Step 1: Select Vehicle Type
Choose the type of vehicle you want to insure – Car or Bike.
Step 2: Enter Vehicle Age
Enter how many years old your vehicle is.
Example: 3
Step 3: Enter Insured Declared Value (IDV)
Provide the IDV of your vehicle (in ₹) – this is the current market
value of your vehicle.
Example: 400000
Step 4: Choose Your Location
Select whether you live in a Metro or Non-Metro city, as location affects premium.
Step 5: Enter No Claim Bonus (NCB)
Enter the NCB percentage you are eligible for (if applicable).
Example: 20
Step 6: Click "Calculate Premium"
Press the Calculate Premium button to view estimated insurance premiums.
📊 What Results You’ll See
- Estimated Own Damage Premium: Premium based on your vehicle's age, IDV, and NCB.
- Third-Party Premium: Fixed based on vehicle type and regulatory rates.
- Total Estimated Premium: Sum of Own Damage and Third-Party premiums.
Note: These are estimated values. Final premium may vary based on insurer and policy add-ons.
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