What Is The Car Insurance Calculator?

What Is The Car Insurance Calculator?

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The car insurance calculator is a tool that you can use to calculate the premium you will be charged for your car insurance policy. This tool is easily available online on the websites of leading motor insurance providers.

How to use the car insurance calculator?

Using the car insurance calculator is really simple. All you need to do is enter the details as requested by the tool onscreen. These details will include registration information of the vehicle, make and model, and whether any claims have been made. You will also have to choose between third party insurance and comprehensive insurance coverage. If you choose comprehensive motor insurance, you can add riders as well to customise your plan. Some of the best riders that can really prove helpful include – zero depreciation cover, engine protection cover, consumables cover, NCB protector cover, and return to invoice cover.

Once you have completed filling up all the relevant details, you will get your quote. If you are not satisfied with the quote you receive, you can keep making adjustments to your coverage till you arrive at the perfect amount that you are willing to pay. You can also visit the websites of different insurance companies to compare the results from their car insurance calculators.

The exact steps for using the car insurance calculator can vary slightly between insurance companies. You can use the car insurance calculator tool to check the premiums for old and new cars too.

Advantages of using the car insurance calculator tool online

Here are the main advantages of using the car insurance calculator tool online –

  • Helps you compare the premiums of various car insurance policies conveniently and choose the most affordable plan
  • Allows you to customise your car insurance coverage and compare the premium pricing for each level of customisation
  • Is free to use
  • Can be used multiple times

So, go ahead and compare insurance premiums to find the one best suited for your vehicle.

Factors that can impact the car insurance premium

There are several factors that influence the car insurance premium you pay. Here are some of the main factors to be aware of –

  • Type of car insurance policy chosen
  • The make and model of the car being covered
  • The add-ons opted for
  • Insured declared value (IDV)
  • Geographical location of the policyholder applying for coverage

Before you go…

Remember to keep your car insurance policy renewed each year so that you safeguard yourself from fines and financial risk during an accident. You can easily buy motor insurance for private vehicles and even commercial vehicle insurance online these days. Do compare all possible options of insurance companies in your city to find the best one. Look for an insurer who has a good claim settlement ratio, long presence in the market, and excellent reviews and ratings from existing policyholders. You should ideally be able to find all these details on the insurance provider’s website.

Take care, wear a seatbelt and always drive safely. All the best!

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