Magma HDI Car Insurance Calculator

A car insurance premium calculator is an online device, developed to help you find the right amount of insurance premium for your car. You can get the personalised premium amount based on your car’s details and No Claim Bonus status. With a perfectly computed premium amount through the insurance calculator, you can pick the most relevant premium quote that suits you the most.

How to Use a Car Insurance Premium Calculator?

Step 1: Choose your Car’s Make, Model, Variant and Fuel Type.

Step 2: Choose your Car’s Registered Location and the Purchase Year.

Step 3: Mention if you have requested for any claim in the previous policy duration.

Step 4: Hit the ‘Calculate’ button and find the right IDV and car insurance premium instantly.

1. Correct Insured Declared Value – You get to derive the right Insured Declared Value of your car with the premium calculator. IDV is a compensation value that you are entitled to receive against the theft and total loss of your car. It is recommended to always try to attain the correct IDV for your car.
2. Right Insurance Premium – Get to know the actual premium amount, which should be paid by you for your car.
3. Eases to Make an Informed Decision – With the actual value of IDV and amount of premium, computed through a car insurance premium calculator, you can easily make informed decisions.
4. Helps You Choose the Right Plan – An understanding of the right IDV and premium amount, reckoned by the premium calculator, assists you in picking up the best premium deal from the available options.

Third Party Car Insurance Premium Rates

(Source:IRDAI)

Premium for Comprehensive and Standalone Own-Damage Car Insurance Plans

The premium amount for standalone own-damage and comprehensive car insurance policies are based on several factors such as make, model, variant, fuel type of your car, age of your car, engine capacity of your car and many more. You can use our Premium Calculator and get the instant insurance premium results.