How to calculate car insurance premium?
Calculate Your Car Insurance Select your car's brand A car insurance calculator is an online tool that allows you to calculate a customised premium amount for your car insurance policy. All you need to do is enter details like your car’s make, model, variant, RTO location, purchase year, etc. and the premium amount will get calculated.
What is an insurance premium?
In simple words, the insurance premium is an amount of money you pay periodically to the insurance company against the contract of the policy. Now, you must be thinking “what is the contract? And why do you pay?”, Right?
What is a premium calculator and how to use it?
The premium calculator allows you to choose the coverage, change the Insured Declared Value, include NCB and various add-on covers and depending upon the other details entered by you, it helps you in knowing the premium that you are required to pay towards your insurance company.