Gray-Image
24*7 Claim Notifications

24*7 Claim Notifications

Almost 100% Paperless

Almost 100% Paperless

Best Claim Settlement Awards 2022

Best Claim Settlement Awards 2022

previous
  • Overview
  • Features And Benefits
  • Types of Shriram Car Insurance
  • New Car Insurance
  • Used Car Insurance
  • Bumper to Bumper Car Insurance
  • Own Damage Car Insurance
  • Comprehensive Car Insurance
  • Third-Party Car Insurance
  • Calculate Premium
  • Save On Premium
  • Renewal Benefits
  • IDV
  • NCB
  • Zero Depreciation
  • Deductibles
  • Coverages
  • Compare Plan
  • Premium Components
  • Eligibility and Required Documents
  • Buy / Renew
  • Claim Process
  • Terminologies
  • Policy Download
  • FAQs
next

How to Calculate Shriram Car Insurance Premium?

The premium of Car Insurance in India depends on factors such as the type of vehicle, the model and variant, the year of manufacture, the Insured Declared Value (IDV), type of insurance policy and add-ons

Make and Model

Insurers consider the make and model of the vehicle while calculating the premium. Premiums are typically higher for vehicles that have more cubic capacity, run on gas or use Compressed Natural Gas (CNG)

Year of Manufacture

The age of the car is based on its manufacturing year. The depreciation the car has endured is calculated based on its age. Thus it is also essential to determine IDV of the car

Insured Declared Value

The Insured Declared Value (IDV) is the maximum amount that an insurance company will pay in case of theft or total loss of the vehicle. It is calculated as the current market value of the vehicle minus depreciation. The IDV of the vehicle is an essential factor that determines the insurance premium

Types of Insurance

In India, Third-Party Car Insurance is mandatory. The premium for Third-Party Car Insurance depends on the vehicle's cubic capacity. A Third-Party Liability policy covers damages caused to a third party in an accident, whereas a Comprehensive policy covers damages caused to the vehicle as well as third-party liability

Add-ons

Car Insurance in India offers various add-on covers such as zero depreciation , engine protection and roadside assistance. These add-on covers can enhance the protection of the vehicle and provide additional coverage. It is essential to consider the add-on covers and their costs while calculating the insurance premium

No Claim Bonus

An insured gains No Claim Bonus if they have not filed any claims during a policy year. The insured can be benefited by the NCB at the time renewal over the Own Damage premium

Frequently Asked Questions

Can I customise my comprehensive Car Insurance policy?

Yes, comprehensive Car Insurance policies can be customised based on the coverage required and the budget

What factors determine the Car Insurance premium in India?

The Car Insurance premium in India is determined by several factors, including the age of the car, make and model of the car, type of coverage, the location of the car and add-ons preferred

How can I calculate the premium for my Car Insurance policy in India?

You can calculate the premium for your car insurane policy in India by using an online premium calculator, which takes into account the aforementioned factors and provides you with an estimated premium

What our customers say ?

4.6

1665+ Customer Ratings

View all
customer

Mohammed Salahuddin

customer

RAMKANT SHARMA

customer

RAM ASREY RATNAKER

customer

NAUSHAD AHAMAD

customer

KUNCHAM NIKHIL KUMAR

left-arrowright-arrow
Quote

Blogs

View all

Shriram Car Insurance in Major Cities in India

Delhi

Delhi

Chennai

Chennai

Mumbai

Mumbai

Ahmedabad

Ahmedabad

Gurgaon

Gurgaon

Bangalore

Bangalore

Agra

Agra

Bhopal

Bhopal

Pune

Pune

Indore

Indore

Jaipur

Jaipur

Dehradun

Dehradun

View all
Your Recent Quoteclose
vehicle

Maruthi Wagan R

TN32TY6799

NCB Discount: 25 %

  • Model

    VITARA BREZZA ZDI

  • Policy End Date

    31/12/2024

Benefits Covered

Premium Amount

₹ 1326 +GST

Generate a quick quote

Generate a quick quote in seconds

Get a Quote
24x7 Claim

24x7 Claim
Notifications

Best Claim

Best Claim
Settlement Award

4.2

Customer Rating

16938+ Customer Ratings

Quick renewal Quick renewal
bimabharosa
Back to TopBack to top of the pageBack to top of the page

IRDAI Consumer Education:- Insurance is the subject matter of solicitation. IRDAI Registration Number - 137. CIN No. U66010RJ2006PLC029979. BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS. IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Terms and Conditions |Refund and Cancellation© 2023 Shriram General Insurance. All rights reserved.