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Car Insurance Calculator

Your car is one of your prized possessions. It is not just a mode of transportation, but a very integral part of your daily life. Safeguarding something as important as this from unforeseeable damages, accidents or thefts is necessary. With our car insurance calculator, you can ensure that your car and the lives of your loved ones are protected. It is important to choose the right insurance for your car, and doing so via a car insurance calculator can be extremely beneficial.

As per law, it is mandatory for all car owners in India to have third-party insurance, which provides support in case of any accident or damage. Your insurer bears the financial liability for the damage if you have a valid car insurance policy at the time of the mishap. Apart from just protecting your family, car insurance also ensures that the expenses associated with repairing your car do not burn a hole in your pockets. Read on to find out why you should definitely have car insurance and how our car insurance calculator can help you decide on which Liberty General Insurance policy to buy.

Factors affecting car insurance premium

Here are 3 factors that influence your car insurance:

Model and Car Variant

Luxurious, high-end cars are insured at a higher premium, because their repair and serviceability is less as compared to that of a budget vehicle. Similarly, if you’re an SUV owner, you will need to pay higher premiums to insure your car.
Year of Manufacturing

If you own an old car, the premium payable will be lower. This is because older cars imply less IDV (Insured Declared Value). IDV refers to the maximum value your insurer will pay you in the event of your car being stolen or damaged. A relatively newly manufactured car will possess higher IDV and hence, higher premium payments
The Frequency (or lack) of Claims Filed

For every claim free year, you will be offered a NCB (No Claim Bonus). This is a cumulative discount offered to you for not availing insurance pay-out. However, if you have filed a claim in a given year, you will not be entitled to a no-claims bonus

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Benefits of Car Insurance Calculator

Your car is prone to a lot of dangers on a daily basis – accidents, natural disasters or simply bad luck! What’s more, a malfunctioning car can not only harm you and your family, but is also a threat to everyone else on the road. Not to mention the monetary consequences you will have to bear if the car is seriously damaged or does some damage.

With a robust car insurance policy from Liberty General Insurance, you can shield yourself from all such unfortunate events. You can make your policy more comprehensive by adding on benefits like breakdown assistance, zero depreciation cover, consumables cover and so on. This will make sure that your policy covers all potential losses and backs up as a great security cover for your four-wheeler. Through our car insurance calculator you can easily understand all the costs associated with your insurance policy. Our car insurance calculator also helps you decide between different policies, allowing you to choose what works best for you and your car.

The most important reason to buy car insurance is to make sure you always have a safety net to land on. A good car insurance policy adequately compensates for any permanent disability or death that might arise due to a car accident. In situations where the future of your family could be affected, benefits such as these provide financial comfort. With our car insurance calculator, you can calculate the cost of your policy, and more importantly, secure the future of your family.

Why Liberty Insurance

With more than 4300 garages to provide 24x7 cashless support, Liberty Insurance has a large and comprehensive network that helps you get instant access to all the help you need. In addition, all claims are settled within a week. The documentation process is simple and you can be rest assured that damage inspection will be quick and efficient as well. We also have an AI model, which assesses the damage and provides a detailed, automated inspection report within 15-20 mins. What's more, you can choose from a range of add-on covers like depreciation, roadside assistance cover, consumables cover, gap cover etc., and make your policy more solid and with wider coverage potential as compared to other motor vehicle insurance plans in the market. In case you have some questions, we have a dedicated customer service helpline to help you get through any troubles. Our easy to use car insurance calculator makes it easy for you to choose the right policy for your car as well.

How To Use Car Insurance Premium Calculator

Making a decision regarding car insurance can be difficult, but you can dodge the tough part by simply using a car insurance premium calculator or car insurance calculator, which does the hard math for you. Using this car insurance calculator, you can make an informed decision and select the best plan from a host of car insurance policies available at Liberty General Insurance.

The more extensive coverage you opt for, the higher your premium payable will be. With a car insurance calculator, you can see how various variables like vehicle model, date of manufacture, fuel type etc., can change the premium payable. You can also quickly compare between different policies by Liberty General Insurance to select the one that matches your requirements.

How To Calculate Car Insurance Premium Online

There are a few details you need to enter before calculating the premium in the car insurance calculator. Here’s how you can calculate your car premium online:

Enter your car brand, variant, model, fuel type and registration date correctly in the car insurance calculator.
Select the registration location for your car and the year in which it was purchased.
If you’ve made any previous claims on your car, you need to input this information as well in the car insurance calculator.
Once you’ve provided all these details, the calculator will tell you the best policy premium quote available.

You can calculate your car insurance premium either on a used, second-hand car that you are buying or a new car that you purchase via the car insurance calculator.

One difference between the two will be that you will need to furnish NCB (No Claim Bonus) details if you are insuring an old car. If you are looking for premium quotes for a new car, no such information will be needed. With Liberty General Insurance, you can get the best possible premium quotes for both used and new cars within a matter of minutes.

You don't have to calculate this for yourself; you can input all the information and the calculator will provide you with the final car premium quote.

FAQs

General

Q1. How can I choose the best car insurance company?

Answer. Choosing the right insurance company for your car can be tough, but here are a few factors you need to consider while making the decision:

Claim Settlement ratio:-The most important factor you need to see is the company’s claim settlement ratio. This means the percentage of claims successfully settled by the company. A higher claim ratio implies a better company and greater chances of your claim being cleared. At Liberty General Insurance, the claim settlement ratio is 94% for FY 2019-2020, one of the highest amongst all insurance companies operating in the country.
Network of Garages:-While buying an insurance policy, keep an eye out for the number of cashless partner garages operated by the company in your area. A comprehensive network will help you get access to help easily. Liberty General Insurance has a growing network with more than 4300 partner garages in the country currently.
Customer Support:-A dedicated customer support team will help in quicker resolution of your grievances, so you should always check out the quality of customer support. Liberty Insurance offers 8 am to 8 pm, customer support across a variety of mediums to ensure that you receive the help you need, when you need it.

Q2. How can I reduce my car insurance premium?

Answer. Here are a few ways to reduce your premium:

Avoid making claims for small damages and issues
Purchase your insurance online to get an additional discount.

Q3. What aspects are not covered in a car insurance policy?

Answer. Here are a few points you need to remember that are generally not covered in a car insurance policy:

Loss or damage if a policy is not renewed or has expired
Loss/damage incurred as a result of drugs/intoxication
Absence of a valid driving licence at the time of accident

Q4. What are some of the documents that you require while filing for a car insurance claim?

Police FIR (First Information Report)
Claim form duly signed by the policyholder
Fitness Certificate for commercial vehicles
Driving Licence
Car Registration Certificate (RC)

Why Car Insurance?

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Thanks Manish

Dear Mr. Dharma – I would like to thank your company personnel at the customer services division for their excellent support. Your customer care executive, Manish Bhatia took care of all my queries in a very courteous and professional manner.

Would also like to thank Mr. R Rajkiran from ‘Invee Intelligence Private Limited’ and Mr. Umesh for taking this issue to closure.

Keep up the good work.

Majid Hashmat

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Mr. N. Rama Mohan Rao

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