So, you bought your new car today, but have you ever thought about what would you do if this new car of yours ever got damaged? So, Why aren’t we prepared for this loss because who can see tomorrow? Thus, it is important to have car insurance. Car insurance protects your vehicle against damages caused by accidents, theft, cyclones, or any other natural calamities, etc. Now, to choose the perfect car insurance, you can use a car insurance calculator to calculate and compare the prices.
Car insurance depends on the type of car you are having. For instance, if you have a Maruti car you need to have Maruti car insurance.
What is a car insurance calculator?
A car insurance calculator helps you calculate the amount required for car insurance. This will help you buy the best car insurance policy for your brand-new car. It also helps you compare different insurance policies and pick the best within your budget.
How to Use a Car Insurance Calculator?
You can use a car insurance calculator, too. You have to follow these steps to use a car insurance calculator online –
- Select an insurance website.
- Enter your locality.
- Give details of your car.
- Provide your personal information.
- Share your driving history.
- Coverage preference.
- View quote.
You can also use formulas to know how much you would have to pay for a certain policy. Knowing the formula will give you a better idea of your car insurance premium calculated.
Premium = own damage premium – (no claim bonus + discounts) + liability premium.
What are the Benefits of a Car Insurance Calculator?
Here are a few benefits of using a car insurance calculator –
Calculation of costs.
It calculates the amount required for car insurance. It tells you the amount you would have to pay to buy an insurance policy for your car.
Low-cost planning
You can create a customised plan within your budget.
Ability to compare
You can compare various plans from different companies and select the optimal plan for your needs.
Suitable for all car type
Whether it’s an older or a new car, the car insurance premium calculator considers all types of cars. For example, if you have a Hyundai car, a car insurance calculator will calculate the premium for Hyundai car insurance.
Saves your time
It calculates an approximate amount for your car insurance plan and saves you significant time.
What are the Documents Required to Use a Car Insurance Calculator Online?
- A type of car – Input the variant details of your car.
- Insurance policy details of your current car
- Types of fuel- choose the fuel type, whether petrol or diesel.
- State and city of car registration.
- No claim bonus (NCB)
- Model of your car.
- Car Manufacturer.
- Regional transport office.
- Year of manufacturer.
Who Should Buy Comprehensive Car Insurance?
Here is the list of people who should invest in comprehensive car insurance –
- Car insurance is a must for those who just bought their new car.
- A person who owns a fancy car or high-end expensive car such as a BMW/Mercedes should consider a comprehensive car insurance policy to protect your prized possession from damages/theft.
- Over-possessive people who easily get worried and can’t even see a scratch on their car. They need a car insurance policy to drive peacefully without any worries.
The car insurance calculator helps you calculate and get the best quotes on your premiums. It also helps you save money as it compares considering all the factors such as IDV, Add-ons, Coverage, etc. Now, if you are ever buying car insurance, don’t forget to use a car insurance calculator which is free and easy to use.
