RELIANCE 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 Reliancecar 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

Choose a Cost-Effective Plan: When you use the premium calculator to get quotes from top insurers for your car insurance, you can choose the most cost-effective plan based on your budget and needs. It allows you to get a fantastic deal. With Quickinsure, this process is easier. Our experts can assist you in selecting the best plan for your needs.

Suitable Premium Plans: Themain 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.

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!

NCB Transfer: Transfer the No Claim Bonus you have earned to your new vehicle policy to save more on the premium towards your new car’s insurance policy.

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.

Anti-Theft Equipment: Anti-theft devices in your car reduce the chances of your car being stolen. This reduces the insurer’s liability. So, if you have installed anti-theft devices certified by the Automotive Research Association of India (ARAI), you are eligible for a discount on your premiums.

Factors That Affect Your Car Insurance Premium

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.

Location:In a big city like Mumbai or Delhi, for example, rising traffic, congested roads, and other factors are common causes of accidents. Insuring a car in a tier 1 city will be more expensive than in a tier 3 city.

Depreciation: Depreciation is the gradual loss of an asset's value due to normal wear and tear over time. As the car grows older, its value decreases and thus premium also decreases.

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.

Frequently Asked Questions

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

The add-on cover that is highly recommended for brand new and top-end cars is the Return to Invoice cover. Check premiums for this addon 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 Reliance?

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