How to Use the Car Insurance Calculator to Buy a Policy Online?

author-img By Mashum Mollah 5 Mins Read 11 September 2023

Car Insurance Calculator

Buying a car, whether new or old, takes a lot of patience. The countless hours in searching for the right one, while comparing it with all available options is sure to make you put on your thinking caps. After careful analysis and decision when you finalize on the perfect car, your joy has no bounds. It may as well be the second most important purchase decision after buying a house. After all, it is worth the time and effort.

So when it comes to availing car insurance, why compromise with it? Buying car insurance has become easy. The Digital revolution has made most things available to humanity at its fingertips. A few clicks and you’re good to go. But there is one tool that will help you in buying your car insurance online, a calculator.

A car insurance calculator, as the name suggests, aids in calculating the premiums that’ll be charged. It is an online tool available with most insurers that requires a few necessary details about your car like the make, model, registration month and year, fuel type, and the like. Every calculator will ask for more or less similar inputs barring a field or two.

So how do you use a car insurance premium calculator? Here are the steps that will help in making the best use of one –

Step 1 – Select the insurer of your choice and head over to their website.

Step 2 – Search for the car insurance calculator option.

Step 3 – Provide your contact details along with details about the car. They include registration number, registration month and year, vehicle model, make, and it’s variant.

Step 4 – At this step, you can select between a comprehensive or third party car insurance. You can also include any add-on covers that you might want to top-up in your comprehensive car insurance. You shall also be asked for personal accident covers that you wish to add in your car insurance policy.

Step 5 – If you have any previous car insurance policy, the details can be furnished whether claims have been made towards it. Also, some insurers allow you the option to select your Insured Declared Value (IDV).

Step 6 – On selecting the suitable options, one can finalize the type of inclusion they want in their car insurance policy. If in case you are hard on your finances, you can add or reduce any add-on covers that may reduce your premium amount too.

Now that you know how to use a car insurance premium calculator efficiently, here are the benefits of using one. Let us look at some of them –

Right IDV (Insured Declared Value)

While buying car insurance online, the option to adjust the right IDV of your vehicle enables you to get the appropriate market value of your vehicle in case of a total loss or theft of your car. Declaring a lower IDV may reduce your premium, but in case of damage or theft of your car, you might get a lower value and bear the loss. At the same time, declaring an overstated IDV will substantially increase the premium amount of your car insurance.

Appropriate Add-ons

Most people consider their base policy is sufficient to cover for damages. But it may not always be true. In case you reside in a flood-prone area, you can avail of an engine protection cover that will ensure your insurance plan covers the damage to the engine. Similarly, different add-ons influence the premiums for your car. Making use of a car insurance premium calculator, you can get the right balance between coverage and its cost.

Right Premiums

The sole purpose of a car insurance premium calculator is to ensure you pay the right premium. Comparing different plans can help in determining the correct premium amount with an adequate protection cover.

To conclude, when you buy car insurance online, make use of the premium calculator facility to get the right deal at the right price. With the ease of the claim process, buying car insurance has become favorable even more.

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Mashum Mollah

Mashum Mollah is an entrepreneur, founder and CEO at Viacon, a digital marketing agency that drive visibility, engagement, and proven results. He blogs at

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