How to calculate a car insurance premium?

You can calculate your car insurance premium by entering your car’s details in the calculator. Once you provide all the details, choose the type of coverage that you want to find the premium.

If you choose a comprehensive car insurance policy, you can also add optional add-ons for wider protection. Each add-on comes at an additional cost and, based on the add-ons selected, your final premium would be calculated instantly.

How to use a Car Insurance Premium Calculator?

Generali Central offers a user-friendly car insurance calculator for quick calculations. All you need to do is follow these steps to use our online car insurance calculator:

• Step 1: Gather Your Car Details

  
  

  Before using the auto insurance premium calculator, collect all necessary information about your car. This includes the make, model, year of manufacture, and engine capacity. Having these details handy will make the process smoother.

• Step 2: Use the Car Insurance Calculator

  
  

  Visit Generali Central's official website and find the free auto insurance premium calculator. This tool will help you quickly estimate your auto insurance premium based on the information you provide.

• Step 3: Enter Car Information

  
  

  The next step is to enter your car details into the auto insurance calculator. Make sure you provide the correct information for accurate results.

• Step 4: Click on 'Calculate'

  
  

  After entering all the details, press the 'Calculate' button. The vehicle insurance calculator will provide you with an estimate of your car insurance premium. This estimate helps you understand what you might need to pay for your car insurance.

Details required to calculate auto insurance premium

When using Generali Central’s car insurance calculator, you need to provide specific details about your car. These details are crucial as they help in risk assessment for accurate premium calculations. Check out what details are needed -

• 1.  Car Make and Model

  
  

  To use the auto insurance calculator, you must enter accurate details about your car's make and model. This is because different cars have different risk factors and different market values. As such, the make and model help determine the coverage limit and the associated premium.

• 2.  Year of manufacture

  
  

  The year your car was manufactured is another essential detail because the premium depends on the car’s age. Newer cars typically have higher premiums because of their higher market value. As cars age, their value depreciates, and the premiums also reduce.

• 3.  Engine Capacity

  
  

  The engine capacity of your car also affects the premium. Cars with larger engines generally have higher auto insurance premiums because they can be more expensive to repair. They are also associated with higher performance, which can increase risk. Moreover, third-party premiums depend on the engine capacity of your car.

• 4.  Fuel Type

  
  

  The type of fuel your car uses (petrol, diesel, electric, etc.) can impact the car insurance premium. Different fuel types have varying risks and repair costs. Moreover, they also determine the car’s market value. For example, petrol cars are cheaper than diesel cars, and electric cars tend to be more expensive. Thus, mentioning the fuel type helps in the correct valuation of the car to find the appropriate premium.

• 5.  Vehicle Registration Details

  
  

  Your car's registration location also impacts premium calculations. Cars registered in metro cities have higher premiums due to risks like traffic congestion, theft rates, and accident statistics.

Benefits of using the Generali Central car insurance premium calculator

Here are some reasons that make Generali Central’s car insurance premium calculator a wise choice when buying car insurance –

• 1.  Accurate Estimates

  
  

  Generali Central's motor insurance premium calculator provides accurate estimates of your auto insurance premium based on your car details. This helps you plan your budget effectively and avoid any surprises when purchasing a policy.

• 2.  Time-Saving

  
  

  Instead of contacting multiple insurers or visiting different websites, you can simply use the car insurance policy premium calculator to get instant quotes. This saves you time and effort in comparing different insurance options and helps you make quick and accurate decisions.

• 3.  Customized Options

  
  

  The new car insurance premium calculator allows you to customise your coverage options. Whether you're looking for comprehensive coverage, third-party liability, or specific add-ons like zero depreciation or roadside assistance, the car insurance policy calculator helps you tailor your policy to suit your needs.

• 4.  Ease of Use

  
  

  The car insurance rate calculator is designed to be user-friendly. You can simply enter your car details and let the calculator do the rest.

• 5.  Convenience

  
  

  Using the online car insurance calculator means you can access it anytime and anywhere. Whether you're at home, at work, or on the go, you can use the calculator to calculate auto insurance premiums at your convenience.

Why use a car insurance premium calculator?

• 1.  Convenience and Accessibility

  
  

  One of the most significant benefits of using a car insurance calculator is convenience. It allows you to determine your potential auto insurance premium right from the comfort of your home. This way, you can use the motor insurance premium calculator to get instant estimates. This not only saves you time but also helps you make informed decisions too

• 2.  Quick and Accurate Estimates

  
  

  The car insurance policy premium calculator provides quick and accurate estimates of your car insurance premium based on the information you provide. There’s zero chance of human error as the calculator performs online calculations without manual intervention. This helps you determine your potential auto insurance premium quickly and budget accordingly

• 3.  Comparison of Insurance Plans

  
  

  Using a new car insurance calculator enables you to compare different insurance plans easily. You can customise your coverage preferences to see how different factors affect your premium so that you can select the right coverage for your car.

• 4.  Budget Planning

  
  

  Using a motor insurance calculator helps you plan your budget effectively. When you know the premium amount, you can make a provision for the same in your budget. This can help you avoid financial strain and ensure you get the required coverage without exceeding your affordability.

• 5.  Ease of Use

  
  

  You don’t have to be a tech-savvy whiz to use the calculator. All you need to do is enter a few details and click on 'calculate' to get instant premium rates. It is simple, easy, and accessible to all.

Factors affecting your car insurance premium

Different factors affect your car insurance premium. Knowing them can help you understand the breakdown of your premium. The most common factors are as follows -

• 1.  Vehicle Type and Make

  
  

  The type and make of your vehicle significantly impact the auto insurance premium. Cars with higher market values or those considered more prone to theft or damage may have higher premiums.

• 2.  Age of the Vehicle

  
  

  The age of your car affects its depreciation value and potential repair costs. Older vehicles may have lower premiums for basic coverage, but could incur higher costs for comprehensive coverage due to increased repair expenses.

• 3.  Engine Capacity

  
  

  Cars with larger engines typically have higher premiums. This is because they are often more powerful and have a higher risk of accidents or high repair costs. Moreover, the third-party premium rates are also higher for higher engine capacities and vice versa.

• 4.  Location

  
  

  The location where your car is registered also impacts your premium. Premiums for cars in metro cities are higher compared to non-metro cities.

• 5.  Claim History

  
  

  Your previous insurance claims history influences your premium. Drivers with a history of frequent claims are generally perceived as high risk, leading to high car insurance premiums. Moreover, if you have made claims in the previous year, you lose the no-claim bonus (NCB), which can earn you a discount on renewal premiums. This also increases the overall premium of a comprehensive car insurance plan.

• 6.  Coverage Type

  
  

  Basic third-party coverage will have lower car insurance premiums. Whereas, comprehensive coverage with additional benefits like zero depreciation or roadside assistance will result in a higher premium.

• 7.  Add-ons Selected

  
  

  If you opt for add-ons with your comprehensive car insurance plan, the overall premium would go up since each add-on incurs an added premium cost.

• 8.  Available discounts

  
  

  You can enjoy attractive discounts on premiums with a comprehensive car insurance plan. Some commonly available discounts include NCB, a discount for installing anti-theft devices, a discount for being members of recognised institutions, etc. If you are eligible for the available discounts, your premium cost would be reduced.

Features of Car Insurance With Generali Central

• 1.  Hassle-free Claim Process

  
  

  Generali Central offers a simple and efficient claims process, ensuring you get help when needed without any hassle.

• 2.  6500+ partner workshops across India

  
  

  With over 6500 partner workshops across India, you get easy access to authorised service centres for repairs covered under your policy.

• 3.  Roadside Assistance

  
  

  We provide 24/7 roadside assistance, ensuring help is just a call away in case of breakdowns or emergencies.

• 4.  Towing Assistance (for accidents)

  
  

  In the event of an accident, Generali Central provides towing assistance, ensuring your vehicle reaches the nearest workshop safely.

• 5.  Anti-theft Devices

  
  

  Enjoy discounts on premiums for installing approved anti-theft devices, enhancing the security of your vehicle.

• 6.  GCI Xpress and Xpress+

  
  

  Opt for GCI Xpress or Xpress+ to skip queues and get priority services with minimal downtime.

Tips to Reduce Car Insurance Premium

Want to reduce your car insurance premium? Here are some tips that can help -

• 1.  Choose a Higher Deductible

  
  

  Opting for a higher voluntary deductible means you'll pay more out of pocket in the event of a claim. However, this can significantly lower your premiums. So, carefully assess your financial situation to determine the deductible that best fits your needs and budget.

• 2.  Maintain a Clean Driving Record

  
  

  A history of safe driving with no accidents or traffic violations positions you as low risk for insurers. It also qualifies you for the No Claim Bonus (NCB), lowering your auto insurance premium.

• 3.  Install Anti-Theft Devices

  
  

  Installing approved anti-theft devices in your vehicle not only enhances security but also often qualifies you for discounts on your premium.

• 4.  Review and Adjust Coverage Regularly

  
  

  Regularly review your coverage needs to ensure you're not paying for more insurance than necessary. As your car ages or changes in value, adjust your coverage accordingly to get the best premium rates.

• 5.  Take Advantage of Discounts

  
  

  Ask insurers about ongoing discounts to lower car insurance premiums.