Calculate Your Car Insurance Premium Online
Policybazaar.ae car insurance calculator UAE is an online free premium calculating tool that allows you to calculate a premium amount for your car insurance. All you need to enter details like your car’s Like make, model, year & variant of the vehicle. A car insurance premium calculator will help you know your car insurance premium. Also, you can get car insurance quotes.
Estimate car insurance premiums by selecting the necessary details of your car. Like make, model, year & variant of car.
Buying car insurance plans for your precious ride can often be a long and confusing process, even more so for someone who is buying car insurance for the first time. From conducting initial research to finalizing the plans, there is a lot to do when you are choosing a car insurance plan. That is why it is best to get a fair estimate of car insurance prices beforehand to simplify the decision-making process. This is where the car insurance premium calculator comes in handy. Let’s get to know what care insurance premiums are and how car insurance calculators work to find out potential premium rates for your car.
Premium is the amount that you pay to the insurance company in return for the insurance benefits. It can be considered the amount that you are obliged to pay since the insurance company is taking on the risk of insuring your car against damages. The Premium amount for any particular car is calculated based on several primary and secondary factors. This includes the make and model of the car, condition of the car, insured declared value, etc. Apart from that, you as a policyholder and driver-owner of the car can also influence premium rates. Driving history, claim history and other related factors are also considered when deciding the premium of a car insurance plan for your car. The premium amount of your car insurance plan can be easily calculated using the Policybazaar UAE car insurance estimator.
Our car insurance calculator is an online tool that can be used to get an estimate of your car insurance premium. It uses important factors that influence the premium of a car insurance plan such as car brand, make, model, etc. Policybazaar UAE car insurance calculator is a simple and efficient online calculation tool you can use to get a fair idea of your new car insurance premium. You can follow the following steps to use the Policybazaar UAE car insurance premium calculator in the most efficient manner:
Given below is the complete list of details you will need to calculate your car insurance premium using the Policybazaar UAE car insurance calculator:
A few factors are used in calculating the premium rates of car insurances prices in the UAE. These factors can include – insured declared value of the car, no claim bonus, and price of add-ons. Insured declared value is calculated by subtracting depreciation from the ex-showroom price of the car. IDV can be calculated using an IDV calculator as well. The Premium amount of your car insurance will have further two parts – third-party liability premium and own damage insurance premium.
The formula to calculate own damage premium goes = (IDV x premium rates + add-on rates) – (no claim bonus + promotional discounts).
The resulting amount is then added with the base price of third-party liability premium to get the final premium amount of your insurance plan. You do not need a third-party car insurance premium calculator here the price is generally fixed and added to the formula automatically.
Premium rates for own damage premiums generally range around 2-3% of the total insured declared value of the car. This is why premium rates are highly affected by the change that occurs in the insured declared value of a vehicle. Depreciation causes a change in the insured declared value of the car which can be calculated using a car insurance depreciation calculator. Further changes occur by considering the secondary elements that affect car insurance premium calculations. You skip all these hefty calculations and get your car insurance premiums calculated using the Policybazaar UAE car insurance estimator. This car insurance EMI calculator will not give you a fair premium rate but also suggest suitable plans for your car.
Several kinds of benefits can come out of calculating your car insurance plans beforehand. Given below are some of the top ones:
|Car Insurance Addons|
|Personal Accident Cover||Roadside Assistance|
|Engine Protection Cover||IDV-Insured Declared Value|
|No Claim Bouns||Passenger Cover|
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Chances are that your premium rates will remain the same for at least the next three years after buying the car initially. But after that, there can be a change in the premium rates depending on depreciation of the car, condition of the car, insured declared value etc. You can use a car insurance premium calculator to get a fair idea of the changed premium prices. Car insurance premiums for older cars may decrease since the IDV is lower. But it’s best to not choose your insurance plan solely based on premium rates. Consider the extent of coverage you need and then choose the best possible option which is also cost-effective.
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