Cholamandalam Car Insurance Calculator

A car insurance premium calculator is an online device that gives you the right value of your insurance premium. To get this premium, you just need to enter a few details of your car such as make, model, variant, RTO location, registration year and so on. However, you can also fill the No Claim Bonus status of your car to derive the customised results for you. With the knowledge of the right premium value generated through the calculator, you can compare and select relevant premium quotes to get yourself a value for money deal.

How to Use a Car Insurance Premium Calculator?

Step 1: Choose the Make, Model, Variant and Fuel Type of your car.

Step 2: Choose the year of purchase and RTO location of your car.

Step 3: Mention the details of any claim requested by you in the last policy period.

Step 4: Click on the ‘Calculate’ button to get the right IDV and car insurance premium for you.

1. Right Insured Declared Value – You get the right Insured Declared Value (IDV) of your car through the premium calculator. With the correct IDV, you can get to know the actual value of your car you should receive while making the claim against theft or total loss of your car.
2. Right Premium Amount – With the help of the premium calculator, you can get to know the actual premium cost you should be paying to get your car insured.
3. Assists in Making Informed Decisions – After getting to know the correct values of IDV and premium of your car insurance, you can make informed decisions related to car insurance.
4. Helps You Select the Right Plan: The premium calculator makes you aware of the right IDV and premium values of your car, which later assists you in selecting the best possible insurance policy for yourself from the available quotes.

Third Party Car Insurance Premium Rates

(Source:IRDAI)

Premium for Comprehensive and Standalone Own-Damage Car Insurance Plans

The cost of the premium for standalone own-damage and comprehensive car insurance policies depend on a wide range of factors that comprise the make, model, and variant of your car, engine’s capacity and fuel type of your car, RTO location of your car and so on. Get the premium amount of your policy at a click with our Premium Calculator.