ORIENTAL CAR INSURANCE PREMIUM CALCULATOR

What is a Car Insurance Premium Calculator?

A car insurance premium calculator will help you figure out how much a car insurance policy will cost you. This tool enables you to compare various insurance policies offered by multiple insurers. Just enter a few details about your car and calculate the premium for the Oriental car insurance policy in a single click.

How To Use a Car Insurance Premium Calculator?

1. Enter car details such as model, fuel type, and registration details as per the registration certificate (RC)
2. Enter the previous year’s policy details and claim details (if any)
3. Select the add-ons of your choice (if applicable)
4. Car insurance premium calculator will now display quotations from multiple insurers
5. Compare premiums and benefits of the displayed plans and select the best fit
6. Calculate Now

Benefits of Using A Car Insurance Premium Calculator

Suitable Premium Plans: The main aim of buying an insurance policy is to get the best coverage at the most affordable premium. The premium calculator helps you to select the best plan according to your needs with premiums that suit your pockets.

Best IDV- IDV value helps to determine the correct compensation amount for your vehicle, it is essentially the market value of your car which serves as the claim settlement amount in the event of theft or total loss of the vehicle. The premium calculator calculates the correct IDV for your car depending on its make, model, and age. Know more about IDV.

Easy, Quick, and Paperless: Car Insurance Calculator is quick, simple, and requires no math. The tool is fully digital and does not require any paperwork.

Easy to Use: Customers don’t have to call any insurance agent at home, or talk to an advisor on the phone for hours. The Quickinsure Car Insurance Premium Calculator gives you all the information you need, in just a few clicks.

Tips To Reduce Car Insurance Premiums

Compare Plans: Always compare the benefits and premiums offered by multiple insurers before buying insurance. You can compare vehicle insurance premiums from numerous insurers with Quickinsure and choose the best coverage for you. Experts at Quickinsure can help you understand the benefits of all plans and select the best coverage. Get in touch with us today!

Add-on Covers: There is a wide variety of add-on covers available with insurers. These add-ons come at an added premium. The more the addons, the more the premium. So, make it a point to buy only the ones that fulfill your specific requirements.

Upgrades and Modifications: If any alterations are done to your car, be it installing a CNG kit or an electronic device, your insurance premium is affected. Any modification that increases the risk, raises the insurance premium. For example, any change to the engine/mechanics to increase power/ acceleration raises the risk and raises the premium.

Avoid Small Claims: Avoid making claims for minor damages like scratches, dents, and other small damages as you will lose your No Claim Bonus. NCB is a reward that the policyholder gets for each claim-free year. Know more about NCB.

Factors That Affect Your Car Insurance Premium

No Claim Bonus: For people who have filed a car insurance claim against their policy, the cost of car insurance will rise. However, if the policyholder has never filed a claim before, he or she will be eligible for a discount known as the No Claim Bonus (NCB).

IDV: IDV is the current market value of the car. The value decreases every year due to depreciation. The older the car, the less the value of the car. This means that insuring an old vehicle will be less expensive than insuring a new vehicle.

Model: Premiums towards insuring luxury cars are higher compared to budget cars. This is due to the higher cost of repairing or replacing parts in luxury or high-end vehicles. As a result, car insurance premiums for luxury or high-end vehicles are higher.

Cubic Capacity: The higher the engine’s cubic capacity, the higher the risk to the insurer. So, the premium for cars with higher cubic capacity tends to be on the higher side.

Frequently Asked Questions

1. Which addon cover is a must-buy for my new car?

The add-on covers that are highly recommended for brand new and top-end cars are the Zero Depreciation cover and Return to Invoice cover. Check premiums for these addons with Quickinsure Premium Calculator today.

2. How is the policy premium determined?

The IDV, RTO, age of the car, modifications, NCB, anti-theft devices, engine's cubic capacity, add-on coverage, and age of the owner impact the pricing for a car insurance policy.

3. When is the best time to get my car insurance policy renewed?

The best time to renew the car insurance policy is 45 days before the policy expiry date.

4. What are add-on covers provided by Oriental?

The Oriental Insurance Company provides a variety of add-ons including zero depreciation cover, return to invoice cover, and more. Find out more details about Oriental car insurance add-on covers with a detailed article.