A car insurance premium is a monthly, quarterly, half-yearly, or yearly payment that you make to the insurance company in order to get the benefits. Car insurance premium depends on various factors and is different for different people, and you can check the same on our website under the car insurance premium calculator. But, before that, let us check out factors on which the premium depends:
01
Loss or damage to third-party leading to ailment

The coverage covers any loss or damage to a third party caused by the covered vehicle’s infirmity. The compensation varies depending on whether the disability is partial or whole. As a result, an old car will have a lower IDV, which implies that the car insurance premium for insuring it will be lower than the premium for a new car.
02
Model/ Variant of the Car

The insurance company will decide your insurance premium depending on the car version. For example, if you have a sedan, you will have to pay more insurance premiums than a hatchback.
03
Add-ons

In an insurance policy, you can get additional benefits, and the more benefits you add, the more will be the premium. So, you must choose the right add-ons and take care of the money.
04
No Claim Bonus

If you haven’t used the car insurance policy for its term, you will be eligible for NCB. This will lead to lower premium rates at the time of renewal.
05
Anti-theft Gadgets

If your car is equipped with an ARAI-certified anti-theft system, you may be eligible for a premium reduction. Do not pass up this opportunity! These gadgets not only keep your car safe but also lowers the premium.

Steps to Calculate Car Insurance Premium by D2C Insurance Broking Private Limited (“RenewBuy”)

RenewBuy provides a simple and quick car insurance calculator to assist you in calculating premium rates. The entire procedure takes only a few minutes, and it will assist you in determining the car insurance premium you must pay for various plans.

Visit the Renewbuy.com car insurance premium calculator page
Fill out the form with your information
You must fill in information such as car model, year of purchase, registration RTO, etc.
Add pin code
Now, hit instant quote to get insurance quotes

You will now see the options available to you as well as the premiums required for each plan. You may select the car insurance online plan that best meets your needs and budget. If you have any questions, RenewBuy’s customer support staff would be happy to help.
Add-ons in Car Insurance Plans

Insurance companies offer a wide range of benefits when you buy car insurance, known as add-ons. Even though these features add up to your premium amount, they give you more comprehensive protection. We have a curated list of add-ons for you to understand.

NCB Protector Cover

No claim bonus is a feature given by the car insurance company. You can choose NCB protection insurance to receive the renewal discount regardless of whether you make a claim (or claims) over the course of the policy period.
Engine Safety Cover

Suggested by the name, this additional cover protects the heart and soul of your car. Any repair done to the engine will be covered by the insurance company.
Zero Debt Cover

One of the most popular covers to consider is Zero Depreciation Cover. Zero depreciation is critical in both policy reimbursements and claim settlements. This add-on protection pays the policyholder the total claim amount, with no reduction for depreciation (rearranged this). It enables the policyholder to recover the total cost of replaced car parts damaged in the accident.
Roadside Assistance

You never know when your car will break down in the middle of the road. Adding these benefits to your car policy will give you a sense of security. Any minor difficulty such as jumpstart, change of tyre, fuel, etc. is covered.
Passenger Cover

You must cover yourself and the passengers riding with you. With this cover, the insurance company will provide financial protection. This add-on is not mandatory, but it is a social responsibility to protect the passengers.
Consumables Cover

This add-on covers the cost of consumables during an accident repair. Consumables include engine oil, nuts and bolts, grease, washers, and other items not covered by a basic comprehensive car insurance policy.
Personal Accident Cover

This additional cover will the owner-driver in case of bodily injuries, any disability, or demise of the owner; the insurance company will give the pre-determined sum.