Benefits of HDFC Ergo Car Insurance Premium Calculator

HDFC Ergo, a joint venture between HDFC Bank and Ergo International offers three types of car insurance plans, Third-party Car Insurance, Standalone Own Damage Car Insurance, and Comprehensive Car Insurance. To calculate the premium of any of these car insurance types, you can use the HDFC Ergo car insurance premium calculator. Find out more about the HDFC Ergo car insurance premium calculator.

HDFC Ergo Car Insurance Premium

HDFC Ergo car insurance premium is the amount that needs to be paid to keep your car insurance policy active. The amount which is paid by the policyholder to provide the relevant car insurance coverage is the HDFC Ergo car insurance premium. However, it is important to note that the HDFC Ergo car insurance premium depends on a number of factors such as car insurance type, age of the car, model of the car, fuel type, and other factors. 

What is HDFC Ergo Car Insurance Premium Calculator?

HDFC Ergo car insurance premium calculator is an online tool that is helpful in estimating the car insurance premium. With different coverage offered under the three types of car insurance plans, the car insurance premium accordingly varies. On estimating the car insurance premium, it becomes easier to select the right car insurance plan. 

How to Use HDFC Ergo Car Insurance Premium Calculator?

Listed below are the steps in which you can use the HDFC Ergo car insurance premium calculator:

• Go to the HDFC Ergo website and click on the premium calculator page

• Enter details such as car registration number, its variant, fuel type, and other details

• Also, provide details of No Claim Bonus and then proceed with the premium calculation

• Based on the details entered by you, you will be able to view the car insurance premium 

Benefits of HDFC Ergo Car Insurance Premium Calculator

Some of the benefits of the HDFC Ergo car insurance premium calculator are as follows:

• HDFC Ergo premium calculator is helpful in estimating the exact car insurance premium. So, to know about what is the premium you need to pay for your car insurance plan, use a HDFC Ergo car insurance premium calculator.

• With the HDFC Ergo car insurance premium calculator, you will be able to make an informed decision regarding how much car insurance premium you are supposed to pay. Overall, estimating the car insurance premium is helpful in choosing the right car insurance plan.

• As the HDFC Ergo premium calculator is an online tool, it saves you time in calculating car insurance premiums. You can use this calculator to make an estimate of the car insurance premium from anywhere at any time.

Factors Affecting Car Insurance Premium

Listed below are the factors that affect your car insurance premium:

• Age: The age of your car largely affect the car insurance premium. It is important to note that as your car gets old, its value also depreciates over time and so does the car insurance premium.

• Model: Depending on the model of your car, the car insurance premium will vary. For instance, the car insurance premium of luxury cars will be higher than other models. This is because it involves high maintenance costs.

• Cubic Capacity: The more cubic capacity, the higher the risk of insurers. Thus, the premium of cars with a higher cubic capacity is always more.

• IDV: IDV or the Insured Declare Value is the estimated current value of your car. The lower the IDV is, the lower will be your car insurance premium.

Take Away

Thus, make use of the HDFC Ergo premium calculator to analyse what car insurance premium you need to pay.

Also read: HDFC Ergo car insurance