IDV, Premium, NCB & Add-ons Calculator
ā IDV Calculator - Depreciation-based valuation
ā NCB Discount - Up to 50% savings
ā 5 Add-ons - Zero Dep, Engine, RSA, RTI, Consumables
Depreciation: 20%
TP Premium (IRDAI Fixed): ā¹3,416
Base rate: 3.0% of IDV
Zero Depreciation
Full claim without depreciation
Engine Protection
Covers engine & gearbox damage
Roadside Assistance
24/7 towing & flat tire help
Return to Invoice
Get invoice value on total loss
Consumables Cover
Oil, nuts, bolts, screws covered
Annual Premium (Incl. GST)
ā¹32,351
Monthly Premium (Approx.)
ā¹2,696/month
(Annual Ć· 12 months)
Vehicle IDV: ā¹8.00 L
š IDV (Insured Declared Value)
OD Premium
ā¹24,000
TP Premium
ā¹3,416
IRDAI Fixed
Add-ons
ā¹0
GST (18%)
ā¹4,935
š° Premium Breakdown
| Own Damage (Before NCB) | ā¹24,000 |
| OD Premium (Final) | ā¹24,000 |
| Third-Party (IRDAI Fixed) | ā¹3,416 |
| Subtotal (Excl. Tax) | ā¹27,416 |
| GST (18%) | +ā¹4,935 |
| Total Premium (Incl. Tax) | ā¹32,351 |
š” Premium Calculation:
A Car Insurance Calculator helps you estimate the premium for your vehicle insurance by calculating IDV (Insured Declared Value), Own Damage premium, Third-Party premium, NCB discount, and add-on costs. It provides instant quotes for Comprehensive, Third-Party, and standalone Own Damage plans.
Our calculator includes advanced features: IDV calculation with age-based depreciation (0-30%), NCB discount calculator (20-50% savings), 5 popular add-ons (Zero Depreciation, Engine Protection, Roadside Assistance, Return to Invoice, Consumables Cover), claim penalty calculation (10% per claim), zone-based city pricing, and complete premium breakdown with GST.
Coverage:
Own Damage + Third-Party
āCovers your car damage
āCovers third-party liability
āTheft & fire covered
āNCB discount applicable
š° Premium: ā¹15,000-30,000/year (ā¹10L car)
Coverage:
Only liability coverage
āLegally mandatory
āVery low premium (fixed)
āYour car damage NOT covered
āNo NCB benefit
š° Premium: ā¹2,094-7,897/year (fixed)
Coverage:
Standalone OD only
āYour car damage covered
āNCB discount applicable
āAdd long-term TP separately
āTP not included
š° Premium: ā¹12,000-25,000/year (varies)
| Vehicle Age | Depreciation % | Depreciation Amount | IDV (Current Value) | Premium Impact |
|---|---|---|---|---|
| Brand New (0 years) | 0% | ā¹0 | ā¹10,00,000 | Highest premium |
| 1 Year Old | 5% | ā¹50,000 | ā¹9,50,000 | 5% lower |
| 2 Years Old | 10% | ā¹1,00,000 | ā¹9,00,000 | 10% lower |
| 3 Years Old | 15% | ā¹1,50,000 | ā¹8,50,000 | 15% lower |
| 4 Years Old | 20% | ā¹2,00,000 | ā¹8,00,000 | 20% lower |
| 5 Years Old | 25% | ā¹2,50,000 | ā¹7,50,000 | 25% lower |
| 6+ Years Old | 30% | ā¹3,00,000 | ā¹7,00,000 | 30% lower (max) |
š” Note: IDV = Ex-Showroom Price - Depreciation. Depreciation is capped at 30% (for cars 6+ years). IDV directly impacts OD premium.
| Claim-Free Years | NCB Discount | OD Premium (ā¹20K) | After NCB Discount | You Save |
|---|---|---|---|---|
| 0 (New/Claimed) | 0% | ā¹20,000 | ā¹20,000 | ā¹0 |
| 1 Year | 20% | ā¹20,000 | ā¹16,000 | ā¹4,000 |
| 2 Years | 25% | ā¹20,000 | ā¹15,000 | ā¹5,000 |
| 3 Years | 35% | ā¹20,000 | ā¹13,000 | ā¹7,000 |
| 4 Years | 45% | ā¹20,000 | ā¹11,000 | ā¹9,000 |
| 5+ Years | 50% | ā¹20,000 | ā¹10,000 | ā¹10,000 |
š Pro Tip: NCB is linked to YOU, not the car! If you change cars, your NCB transfers. One claim = NCB resets to 0%. Drive safe to maximize savings!
Get 100% claim without depreciation deduction. Bumper, mirrors, parts replaced at full value.
Covers engine & gearbox damage from water, oil leakage, hydrostatic lock. Not in standard policy.
24/7 towing, flat tire, fuel delivery, battery jumpstart. Extremely useful.
Get full invoice price if car is total loss/stolen. Otherwise get only IDV.
Engine oil, nuts, bolts, screws, clips covered in claims. Small items add up.
IDV (Insured Declared Value) is the current market value of your car. It's the maximum amount insurer pays if car is stolen or total loss.
Formula:
IDV = Ex-Showroom Price - Depreciation
Example: ā¹10L car, 3 years old
Depreciation = 15% = ā¹1.5L
IDV = ā¹10L - ā¹1.5L = ā¹8.5 Lakh
š” Important: Higher IDV = Higher premium. Lower IDV = Lower premium but less claim amount. IDV reduces every year.
Premium depends on IDV, engine CC, city, NCB, and claims:
Comprehensive (ā¹10L car, 2 years old)
OD Premium: ā¹12,000-18,000
TP Premium: ā¹2,094-7,897 (fixed)
Total: ā¹14,000-26,000/year
With 50% NCB (5 years claim-free)
OD after NCB: ā¹6,000-9,000
TP: ā¹2,094-7,897
Total: ā¹8,000-17,000/year (Save 40%!)
With Zero Depreciation Add-on
Add 20% to OD premium
Extra ā¹2,400-3,600/year
Recommended for 95% car owners
Only for old/low-value cars
š Verdict: Always buy Comprehensive if car value ā„ā¹3L. Premium difference is just ā¹10K-15K but covers lakhs in damage!
Zero Depreciation removes depreciation on parts during claim. Worth it depends on car age:
ā Buy for cars 0-3 years old
New cars have expensive parts. Bumper replacement: Normal claim ā¹15K vs Zero Dep ā¹25K. Worth the 20% extra premium.
ā ļø Maybe for 4-5 years old
Depreciation is 20-25%. Still beneficial if you claim, but calculate cost vs benefit.
ā Skip for 6+ years old
30%+ depreciation, parts cheaper aftermarket. Zero Dep costs more than you save.
š Example: ā¹10L car, 2 years old. Zero Dep adds ā¹3K/year. One bumper claim saves ā¹8K-10K. Pays for itself!
NCB is a discount on OD premium for every claim-free year. Increases from 20% to 50%.
NCB Progression:
1 year ā 20% | 2 years ā 25% | 3 years ā 35% | 4 years ā 45% | 5+ years ā 50%
ā How to Maximize NCB:
ā What Resets NCB:
š° Real Savings: ā¹20K OD premium with 50% NCB = Pay only ā¹10K. Save ā¹10K every year for life!
Our Car Insurance Calculator is the most comprehensive vehicle insurance premium calculator in India that helps you calculate IDV (Insured Declared Value), Own Damage premium, Third-Party premium, NCB discount, and add-on costs with complete transparency and accurate IRDAI 2025 rates.
The calculator features advanced IDV calculation with age-based depreciation (0% for new cars, 5% for 1 year, 10% for 2 years, 15% for 3 years, 20% for 4 years, 25% for 5 years, 30% maximum for 6+ years old vehicles), NCB discount calculator (20% for 1 claim-free year, 25% for 2 years, 35% for 3 years, 45% for 4 years, 50% for 5+ years with explanation of how NCB transfers to new car), 5 popular add-ons (Zero Depreciation at 20% of OD premium for full claim without part depreciation, Engine Protection at 10% for water damage and hydrostatic lock, Roadside Assistance at fixed ā¹500 for 24/7 towing and emergency services, Return to Invoice at 15% for invoice value on total loss, Consumables Cover at 8% for engine oil nuts bolts clips coverage), and claim penalty calculation showing 10% premium increase per claim in last 3 years.
Perfect for all vehicle owners whether you're buying new car insurance, renewing existing policy, comparing comprehensive vs third-party vs standalone OD plans, calculating exact IDV for your car age, understanding NCB discount savings, or evaluating which add-ons are worth buying. The calculator includes premium breakdown for Own Damage premium calculation (3-4% of IDV based on engine capacity and fuel type), Third-Party premium (IRDAI fixed rates: ā¹2,094 for below 1000cc, ā¹3,416 for 1000-1500cc, ā¹7,897 for above 1500cc), zone-based city pricing (Metro Zone A at 1.0x multiplier, Tier-1 Zone B at 0.9x multiplier, Tier-2 Zone C at 0.8x multiplier), fuel type impact (Electric gets 10% discount, CNG pays 5% more), complete add-ons breakdown with individual costs, GST calculation at 18%, and total premium with all components itemized.
Use this tool for getting accurate car insurance quotes, comparing premium across different insurers, understanding how IDV affects premium, calculating NCB savings over years, deciding between comprehensive and third-party insurance, evaluating add-on covers cost vs benefit, planning renewal with optimal coverage, or understanding depreciation impact on claims. 100% free, no registration required, mobile-responsive design, completely private calculations in browser, and updated for 2025 with latest IRDAI rates and add-on costs. Based on actual insurance company rates and IRDAI guidelines for accurate premium estimation.