Renewal & Buying
How to Compare Car Insurance Quotes Without Being Fooled by Low IDV
The cheapest quote is often cheap because its IDV is lower. Here is a five-step method to compare quotes on what you…
Rules checked October 2026 · IRDAI depreciation schedule
IDV Calculator: Check Your Car & Bike IDV in Seconds
Find the Insured Declared Value your insurer should offer — the most you will be paid if your vehicle is stolen or written off. Enter the ex-showroom price and registration date; we apply the official age-wise depreciation, add accessories and CNG kits, and show how your IDV falls over the next five renewals.
- Exact vehicle age from your RC date — no guessing which slab you are in
- Electrical & non-electrical accessories and external CNG/LPG kits included
- 5-year IDV forecast, premium impact and invoice-gap check
- No phone number, no sign-up — everything runs in your browser
IRDAI schedule
Cars
Bikes & scooters
EVs supported
IDV Calculator
Car & two-wheeler · IRDAI depreciation schedule
Runs in your browser — nothing is stored
Rules checked: October 2026
No sign-up, no phone number
Free toolkit
12 motor insurance calculators in one place
From your IDV to whether a small claim is worth losing your No Claim Bonus — each tool shows the rule it uses and the maths behind the answer.
Car IDV Calculator
Estimated insurance value of your car, including accessories and a fitted CNG kit.
Open calculator →Bike / Scooter IDV Calculator
Estimated insurance value of your motorcycle or scooter.
Open calculator →Vehicle Depreciation Calculator
Age-based depreciation used for insurance valuation, year by year.
Open calculator →NCB Calculator
Your No Claim Bonus and what it saves on the own-damage premium.
Open calculator →Car Insurance Premium Estimator
Approximate car premium from IDV, engine size, zone, NCB and add-ons.
Open calculator →Bike Insurance Premium Estimator
Approximate two-wheeler premium, own-damage plus third-party.
Open calculator →Claim vs Pay Yourself Calculator
Is a small claim worth it? Compare the payout with deductibles and the NCB you would lose.
Open calculator →Zero Depreciation Comparison Tool
What you would pay on a repair bill with and without the zero-dep add-on.
Open calculator →Return-to-Invoice Gap Calculator
The gap between your IDV and the invoice value that RTI cover would fill.
Open calculator →Deductible Comparison Calculator
Premium saved by a voluntary deductible versus the extra you pay per claim.
Open calculator →IDV vs Premium Comparison Tool
Compare insurer quotes that offer different IDVs — cost per lakh of cover.
Open calculator →Insurance Renewal Comparison Tool
Compare renewal quotes by premium, IDV, deductibles and add-ons.
Open calculator →
The formula
How IDV is calculated
IDV is fixed at the start of every policy year. It starts from the manufacturer’s listed selling price — the ex-showroom price — and reduces with the age of the vehicle using a fixed schedule printed in Indian motor policy wordings.
IDV = (Ex-showroom price − Depreciation)
+ (Accessories − Depreciation)
+ (External CNG/LPG kit − Depreciation)
+ (Accessories − Depreciation)
+ (External CNG/LPG kit − Depreciation)
Worked example: a car with an ex-showroom price of ₹8,00,000, registered 2 years and 4 months before the policy starts, falls in the “2 to 3 years” slab (30%). IDV = ₹8,00,000 − ₹2,40,000 = ₹5,60,000.
Included
Ex-showroom price of the model and variant, plus accessories and kits fitted after purchase (depreciated at the same rate).
Excluded
Registration charges, road tax, insurance, FASTag and extended warranty — that is why IDV is lower than your on-road price even for a brand-new car.
Age-wise depreciation for fixing IDV
| Age of vehicle | Depreciation for IDV | IDV as % of ex-showroom |
|---|---|---|
| Not exceeding 6 months | 5% | 95% |
| Exceeding 6 months but not exceeding 1 year | 15% | 85% |
| Exceeding 1 year but not exceeding 2 years | 20% | 80% |
| Exceeding 2 years but not exceeding 3 years | 30% | 70% |
| Exceeding 3 years but not exceeding 4 years | 40% | 60% |
| Exceeding 4 years but not exceeding 5 years | 50% | 50% |
| Above 5 years | Mutually agreed | Based on market value |
Older than 5 years? The schedule stops at 5 years. After that, IDV is agreed between you and the insurer, usually based on what similar vehicles sell for. Our calculators label these figures as estimates.
Why people trust these numbers
Built on published rules, not sales funnels
Published rules
Depreciation, parts depreciation, NCB slabs and deductibles follow standard Indian motor policy wordings; third-party rates follow the Government notification.
Private by design
Calculations happen on your device. We never ask for your phone, email or registration number to show a result.
Transparent maths
Every result shows the formula and the figures behind it, so you can match it line by line against an insurer’s quote.
Kept current
Rules last checked October 2026. We update the tools when IRDAI or the Ministry of Road Transport notifies a change.
Guides
Understand your policy before you renew
Short, practical explainers with worked examples in rupees.
Renewal & Buying
Car Insurance Renewal Checklist: 10 Things to Check Before You Pay
Ten quick checks that make sure your renewal gives you the right cover at a fair price — and doesn't leave a…
Add-on Covers
Engine Protection, Consumables, RSA and Other Add-ons: Which Ones Matter
Add-ons can double the protection of a basic policy — or just double the price. Here is what each common add-on does…
Add-on Covers
Return to Invoice (RTI) Cover: Closing the Gap Between IDV and Invoice
On theft or total loss, IDV can be lakhs below what you paid. Return to Invoice cover pays that difference. Here is…
Add-on Covers
Zero Depreciation Cover: Is It Worth the Extra Premium?
Zero-dep can cut your share of a repair bill from thousands of rupees to just the deductible. Here is how to tell…
Claims & NCB
Compulsory vs Voluntary Deductible: How Much You Pay on a Claim
Every claim has a compulsory deductible, and you can choose a voluntary one for a discount. Here is how both work and…
FAQ
IDV questions people ask most
What is IDV in vehicle insurance?
IDV (Insured Declared Value) is the maximum amount your insurer will pay if your car or bike is stolen or declared a total loss. It is the manufacturer’s listed selling price (ex-showroom) minus age-based depreciation, plus the depreciated value of accessories that are not part of the factory price.
How is IDV calculated?
IDV = ex-showroom price − depreciation + (accessories value − depreciation). Depreciation follows the IRDAI schedule: 5% up to 6 months, 15% up to 1 year, 20% up to 2 years, 30% up to 3 years, 40% up to 4 years and 50% up to 5 years. Registration charges, road tax and insurance are not included.
What is the IDV of a car older than 5 years?
The depreciation schedule ends at 5 years. For older vehicles the IDV is mutually agreed between you and the insurer, usually based on the resale value of similar vehicles in similar condition. Our calculator shows an indicative figure and clearly marks it as an estimate.
Is a higher IDV better?
A higher IDV gives a bigger payout on theft or total loss but raises the own-damage premium. The right IDV is close to your vehicle’s real market value: much lower leaves you under-insured, and higher than the real value does not increase what you can claim.
Does IDV affect the third-party premium?
No. Third-party premium is fixed by the government according to engine capacity (or battery power for EVs). IDV affects only the own-damage part of a comprehensive or standalone own-damage policy.
Can I change my IDV at renewal?
Yes. Most insurers let you raise or lower the IDV within a band around their system value when you renew. Use the calculator to see the schedule-based IDV, then compare quotes with similar IDVs so you are comparing like with like.
Is this IDV calculator free and private?
Yes. All calculations run in your browser. We do not ask for your phone number, vehicle number or email, and we do not store the values you enter.
Renewing soon? Line up two or three quotes and compare them on IDV, add-ons and NCB — not just price.
Compare renewal quotes