What is your vehicle insured for?
Estimate your IDV, check your no claim bonus, and see which add-ons suit your vehicle before you renew.
How this estimate is worked out
- IDV is the most the insurer pays if the vehicle is stolen or a total loss. It is the ex-showroom price minus depreciation for the vehicle's age.
- Depreciation follows the standard motor tariff schedule: 5% under 6 months, 15% up to 1 year, 20% up to 2 years, 30% up to 3 years, 40% up to 4 years and 50% up to 5 years.
- For vehicles older than 5 years, IDV is agreed with the insurer based on condition, so the range shown is only a starting point.
- No claim bonus (NCB) is a discount on the own-damage premium: 20%, 25%, 35%, 45% and 50% for 1 to 5+ claim-free years.
- Third-party liability cover is compulsory under the Motor Vehicles Act for every vehicle on the road.
Motor policies we can compare for you
We check IDV, add-ons, garage network and claim support together, so a low premium does not hide a weak policy.
TATA AIG Motor Insurance
Car and two-wheeler cover from third-party liability to comprehensive protection, with add-ons and a wide cashless garage network.
Motilal Oswal insurance panel
Through Motilal Oswal Financial Services Ltd (IRDAI Composite Corporate Agent, Reg. No. CA0579), with tie-ups across a panel of general insurers.
Get your renewal compared, free
Share your details and Mr. SRK Prasad will compare quotes with the right IDV and add-ons before your renewal date. No obligation.
Prefer to talk now? Call +91 92465 82445 or use the WhatsApp button.
Disclosure: This calculator gives an indicative estimate only. Coverage terms, no-claim bonus and add-ons vary by plan; please review policy wordings before purchase. Insurance is the subject matter of solicitation. IRDAI Agent Code: 9355098.