Estimate your comprehensive private car policy premium instantly with a structured premium breakup.
Premium Breakdown
Indicative EstimateInsured Declared Value (IDV)₹0
Basic Own Damage (OD) Premium₹0
(-) NCB, deductible & anti-theft discounts-₹0
Net Own Damage Premium₹0
(+) Add-on Covers₹0
(+) Third-Party Premium₹0
Premium Before GST₹0
(+) GST (18%)₹0
Total Payable Premium₹0
Disclaimer: This calculator gives only a simple estimated premium. Final premium may change based on insurer rules, vehicle details, city, previous policy, inspection, add-ons, and applicable taxes.
The calculator helps estimate a car insurance premium quickly based on the vehicle’s value, age, engine capacity, discounts, add-ons, and GST. It gives a clear premium breakdown so users can understand where the amount comes from.
What this National Insurance Car Insurance Premium Calculator does
- Calculates the Insured Declared Value (IDV) using showroom price, accessories, and depreciation by vehicle age. The standard age-based depreciation slabs include 5%, 15%, 20%, 30%, 40%, and 50% up to 5 years.
- Estimates the Own Damage (OD) premium from the IDV, then reduces it using NCB, voluntary deductible, and anti-theft discount.
- Adds the third-party premium based on engine capacity, using the fixed premium structure used in India for private cars.
- Includes optional add-ons like Zero Depreciation and Roadside Assistance, then applies 18% GST on the final amount before showing the total payable premium.
Simple user flow for NICL Car Insurance Calculator
- Enter the car’s showroom price and accessories cost.
- Select the vehicle age and engine capacity.
- Choose discounts and optional covers.
- Click calculate to see the premium breakdown and total amount
