Loans & Insurance

Motor Insurance Premium

Estimate your vehicle insurance premium and discover how our SIP offset strategy can effectively make driving cost-free.

Motor Insurance Calculator

Estimate your vehicle insurance premium and potential savings.

HNI/UHNI? Enter manually (Max: ₹1 Cr)
Yrs
Max: 15 Yrs
Max: 5
Max: ₹10,000
%
Max: 20%
Estimated Annual Premium

₹22.63 K/yr

Invest ₹2.00 K monthly in SIP at 12%. The profits will cover your vehicle premiums by the 11th year, effectively driving for free.
Own Damage
₹13.38 K
Third Party
₹3.42 K
Monthly Cost₹1.89 K
Break-even11th Year
Add-ons + GST₹5.83 K
Total Premium₹22.63 K

Comprehensive vs. Third-Party

While third-party insurance is legally mandatory and only covers damage you cause to others, a comprehensive policy includes "Own Damage" (OD) cover to protect your own vehicle against accidents, theft, fire, and natural disasters. Given the high cost of vehicle repairs today, comprehensive insurance is highly recommended.

Pro Tip: The Zero-Depreciation Add-on

Always opt for a "Zero-Dep" or "Bumper-to-Bumper" add-on for cars less than 5 years old. Without it, standard comprehensive insurance factors in depreciation, meaning you might only get 50% of the replacement cost for plastic/glass parts in a claim. Zero-Dep ensures you get the full claim amount without out-of-pocket deductions.

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