Motor Insurance Calculator

Calculate your motor insurance premium for your vehicle. Enter your details to estimate your annual premium.

Result:
Enter values and calculate.

How is Motor Insurance Premium Calculated?

  • Formula: Premium = Vehicle Value × Annual Premium Rate
  • Example: For ₹4,00,000 value at 2% rate, premium = ₹8,000/year.

Premium rates may vary based on vehicle age, type, and other factors. This tool provides an estimate only.