IDV vs Premium Comparison Tool

Put up to four quotes side by side and compare them on cost per lakh of cover — so a low-IDV quote can't pass itself off as cheap.

Updated Free · private · no sign-up
IDV vs Premium Comparison Tool

Compare insurer quotes that offer different IDVs — cost per lakh of cover.

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Calculate it — used to flag quotes with an unusually low IDV.
Quote 1
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Quote 2
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Quote 3 optional
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Quote 4 optional
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Runs in your browser — nothing is stored Rules checked: October 2026 No sign-up, no phone number

Why you can’t compare premiums alone

Two quotes for the same car can differ by a few thousand rupees simply because one insurer has set a lower IDV. The cheaper quote is not better value if it pays ₹60,000 less when the car is stolen. This tool converts every quote into premium per ₹1 lakh of IDV and shows what each step up in cover costs.

How to use it

  1. Optionally enter your schedule-based IDV from the car or bike IDV calculator. Quotes more than 10% below it are flagged.
  2. Enter each insurer’s IDV and total premium (including GST) for the same coverage and add-ons.
  3. Look at the cost per lakh, then at “what the extra money buys” — if an extra lakh of cover costs a few hundred rupees, it is usually worth having.

Related: How to compare quotes without being fooled by low IDV · Renewal comparison tool