Car Insurance Premium Calculator

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Google Rating

4.5/5

We take your safety seriously

4200+

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Cashless Garages

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Claims

Upto 50%

Upto 50%

No Claim Bonus

99%

99%

Claim Settlement Ratio

24/7

24/7

Around The Clock Assistance

*The above data is till 30th September, 2023

What is Car Insurance Premium Calculator?

A car insurance calculator is an online tool that helps you to calculate your estimated premium on your car insurance policy. The car insurance calculator also helps you to customize your car insurance policy by selecting optional add-ons that would provide better coverage to your car.

The online car insurance calculator offered by us will allow you to determine the amount of premium for the insurance you purchase and will let you make the right choice.

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Benefits of Car Insurance Calculator?

Here are a few advantages of using a Car Insurance Premium Calculator:

Car insurance premium:

With the help of a car insurance calculator, you can compare the premium of different Kotak Car Insurance plans provided by us. The tool allows you to customise the IDV of your car and displays you the impact on car insurance premium. Various discounts are available at Kotak General Insurance on Kotak Car Insurance plans.

Optional add-ons:

Kotak General Insurance provides various add-ons that provide you with additional coverage for your car. With a car insurance calculator, you can decide the extra premium you are willing to pay to ensure extra protection for your car.

Car insurance quote for old & new car:

You can get car insurance quotes for an old and new car. Kotak Car insurance Calculator Works for both old & new cars.

Ease of use:

Insurance agents do not have to come to your home or spend hours on the phone with you. You can check prices & features of car insurance online on your mobile. It's that easy!

Prudent decisions are easy to make:

Learn more about the factors that affect your car insurance premium by using a car insurance premium calculator. This knowledge helps in making an informed choice.

How is Car Insurance Premium Calculated?

Using this simple formula, you can better understand the calculation of car insurance premiums.

Premium = Own Damage Premium - (No claim bonus + discounts) + Liability Premium as Fixed by the IRDAI + Cost of Add-ons

The following is a sample car insurance calculation for your reference

Year of Manufacture

2012

Comprehensive Policy with NCB (all values in Rupees)

Ex Showroom Price

4,16,000 (X)

Depreciation Percentage

20% * X

Rs.83,200 (Y)

Insured Declared Value (IDV)

3,32,800 (X - Y)

Rs.3,32,800 (Z)

Own Damage Premium

1.970%

Rs.6,556 (A)

NCB discounts

20% * A

Rs.1,311 (B)

Total OD Premium

5,425 (A - B)

Rs.5,245 (C)

Personal Accident Cover

100 (D)

Legal Liability Paid to driver

50 (E)

Compulsory Third Party Cover

1,110 (F)

Net Premium

6,505 (C + D + E + F)

Rs.6,505 (G)

GST @ 18%

18% * G

Rs.1,171 (H)

Total premium

7,676 (G + H)

Rs.7,676

How to use Kotak Car Insurance Calculator?

To use the car insurance calculator

  • Click on the calculate premium

  • Enter your vehicle registration number

  • Enter your details such as mobile number, email address

  • Provide make-model of your car

  • Click on get quote

Steps to buy car insurance online from Kotak

Hassle-free insurance at your fingertips with our easy and fast online processdesc

Get All-round protection for your precious vehicle in a few steps. We at Kotak General Insurance understand the value of your time and have simplified the car insurance buying process to a few simple steps.

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Click on the "Get a Car Insurance Quote" button on the Kotak Car Insurance Page

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Fill in your car details such as registration number, model, make etc.

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Fill in you personal details and make the payment online.

How to get an online quote for car insurance

See how simple it is to get a car insurance quote with usdesc

quote
step

Visit kotak general insurance website

step

Log in to your Kotak general insurance profile using the OTP sent to your mobile number

step

Fill in your details such as car registration number, mobile number and email id (optional).

step

Click on the "Get A Quick Quote" button on the Kotak Car Insurance Page and review coverage

Kotak Car Insurance Reviews & Ratings

Look what they have to say

Kotak Car Insurance Reviews & Ratings

Look what they have to say

We are very happy if you are satisfied with our service and products. Let's read pure reviews from customers who bought our products.

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Car Insurance

Entire process starting from claim registration to the completion was very speedy and smooth. After claim registration I did not need to talk or remind the company. It was my first experience of its kind which I felt wonderful. Thanks Kotak General Insurance!

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Car Insurance

The overall process was very smooth and professional. Minimal documentation and process. Liked the Professionalism and proactiveness of the employees in Kotak. Thanks for the support.

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Car Insurance

Very satisfying first experience with Kotak. Likely to renew the policy with Kotak.

Factors affecting four-wheeler insurance premium

Understand the key factors that affect your four-wheeler insurance premiumsfactors

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Type of policy selected

The car insurance premium depends on the type of policy that you choose. Comprehensive car insurance plans are dearer than third party liability plans since they offer a wider scope of coverage.

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Insured's Declared Value (IDV)

The Insured Declared Value affects the premium directly since it determines the coverage amount. Higher IDVs incur a higher premium outgo and vice-versa.

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NCB (No Claim Bonus)

The no claim bonus determines the discount that you can get when renewing your four-wheeler insurance policy. The higher the bonus the higher the discount and lower the premium that you have to pay.

Tips to avoid actions that increase car insurance cost

Learn some savvy tips to avoid actions that raise your car insurance costshow-to-choose

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One of the most important factors affecting car insurance premiums is your driving history. By avoiding traffic violations will help keep your premiums lower.

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Generally, high-performance or luxury vehicles, tend to have higher premiums. It is advisable to research comprehensive insurance premium before purchasing a car.

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Opting for higher deductibles can lower your premiums. The deductible is the amount you’re responsible for paying out of pocket before your insurance cover kicks in.

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Paying bills on time and maintaining a good credit score can result in lower insurance rates.

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Periodical review of your insurance coverage ensures you have appropriate level of protection.

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Reduction in your annual mileage, using public transportation or working from home may result in lower premiums.

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Kotak General Insurance cashless network garages

Our cashless network garages makes roadside assistance a sleek experience at the time of uncertaintywhy-car-insurance

Buying a car insurance gives access to cashless network garages which provides convenience and hassle-free car repairs covered by Kotak General Insurance without the need for upfront payment.

Important Car Insurance Terminologies

There's always more to know about Car Insurancefactors

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Insured declared value (IDV) in car insurance

The Insured Declared Value (IDV) is the insurer's maximum coverage for a vehicle during a policy period. It is calculated using the vehicle's selling price and depreciation, and serves as compensation in case of total loss.

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No claim bonus (NCB) in car insurance

The No Claim Bonus is the discount on the own damage portion on the premium offered to the policyholder from the car insurance company for responsible driving and not filing damage claims during the preceding policy year.

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Zero depreciation in car insurance

Zero Depreciation Cover is an add-on wherein the entire claim amount is settled by the car insurance company without factoring in depreciation value of the insured car. This cover is applicable to vehicles that are less than 5 years old.

Need Help? Read the Latest Car Insurance Blogs

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RTO- Regional Transport Office

Your guide to RTO offices. Get insights into different locationsadditional

RTO stands for Regional Transport Office and is a government body responsible for vehicle registration and issuance of driver’s licenses. Also, the RTO in each state is responsible for maintaining the database of its drivers and vehicles.

Car insurance for your favorite brands

We've got you covered with car insurance for your favorite brandsadditional

Important Blogs about Car Insurance

Your car deserves the best insuranceadditional

Car Insurance Calculator - Frequently Asked Questions

A car insurance calculator is a free online tool that calculates the approximate premium you would have to pay for your car insurance policy.

The car insurance calculator requires you to input a few details such as your vehicle registration number, mobile number and email address, make-model of your car, NCB discount, etc and you can get a quote basis the information.

A car insurance calculator helps save your time and instantly tells you approximate premium amount. You can decide which optional add-ons you want to add to your car insurance policy. Also, the car insurance calculator helps you to check your discount on the premium at the time of car insurance renewal.

  • Click on the link

  • Enter your vehicle registration number, mobile number and email address

  • Enter car details such as make – model

  • Provide details of your previous policy, NCB Discounts, etc

  • Click on Get quote

The car insurance calculator helps to know the premium you would have to pay before zeroing on the policy. You can also decide the premium you are willing to pay to have additional coverage by selecting specific optional add-ons with your car insurance policy.

Yes, it does. You will have to enter the vehicle registration details, your phone number and email address.

During car insurance policy renewal, the car insurance premium calculator calculates the premium after deducting the No claim Bonus if you have any. It also calculates the premium if you choose a new rider for your car insurance policy.

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