Auto Insurance Premium Estimator (India)
Estimate a private car's annual premium in rupees: the government-set third-party rate, own-damage at India Motor Tariff rates, your no-claim bonus, add-ons and GST.
How Car Insurance Premiums Work in India
A comprehensive premium has two parts. Third-party liability cover is priced by the government by engine size: ₹2,094 a year up to 1,000 cc, ₹3,416 for 1,001–1,500 cc and ₹7,897 above 1,500 cc. Own-damage cover scales with your car's insured declared value (IDV). Your no-claim bonus reduces the own-damage part only, add-ons are priced on top, and 18% GST applies to the total.
Choosing the right coverage
- Third-party only is the legal minimum and is cheapest, but you absorb 100% of damage to your own vehicle.
- Comprehensive covers your own vehicle plus third-party liability, theft, fire, and natural calamities.
- Zero-depreciation ensures the insurer pays full replacement cost for plastic and rubber parts rather than depreciated value — most valuable for vehicles under 5 years old.
- Engine protection covers consequential engine damage (e.g. from waterlogging) that the base policy excludes — important in flood-prone areas.
Protecting your No Claim Bonus
NCB is a percentage discount on your own-damage premium that accumulates with each claim-free year, capping at 50%. Filing even one small claim resets it to zero. For dents and scratches costing less than 4-5x your NCB savings, it is almost always cheaper to repair out of pocket. You can also pay a small premium for a "NCB protection" add-on that lets you make one claim per year without losing the discount.
Sources & assumptions
Checked on 11 October 2026. For private cars registered in India; all amounts are in rupees.
- Zurich Kotak General Insurance: third-party car insurance price list — annual third-party premiums of ₹2,094 (up to 1,000 cc), ₹3,416 (1,001–1,500 cc) and ₹7,897 (above 1,500 cc), excluding 18% GST, still the rates in 2026.
- BudgetCar: third-party car insurance price list (updated September 2026) — the rates come from the Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, in force since 1 June 2022; new cars buy three years of third-party cover upfront.
- Moneycontrol (June 2025) — IRDAI proposed raising third-party premiums by about 18%. Insurers were still quoting the 2022 rates in 2026, so check for a revision before you buy.
- India Motor Tariff 2002 (hosted by The New India Assurance Co.) — own-damage rates of 3.039–3.698% of IDV by city zone, engine size and car age, minimum IDVs, the IDV depreciation schedule and the 20–50% no-claim bonus.
Our assumptions: own-damage cover is priced at the India Motor Tariff rates. Insurers now set own-damage prices themselves, so real quotes can differ a lot from this part, often below it. The zero-depreciation (15% of the own-damage premium) and engine-protection (7%) add-on prices are our estimates. The compulsory personal accident cover for the owner-driver is not included.