Car Insurance IDV Calculator (India)
Insured Declared Value of your car from its showroom price and age, using IRDAI depreciation slabs.
Formula
The Insured Declared Value is the maximum your motor insurer pays if the car is stolen or written off — so it is the single most important number on the policy. IRDAI fixes the depreciation slabs: 5% up to 6 months, 15% for 6–12 months, 20% in year 2, 30% in year 3, 40% in year 4, 50% in year 5, and a mutually-agreed value beyond 5 years (60% is a common starting point here). A higher IDV means a higher premium but a bigger payout on total loss; a lower IDV cuts premium but under-insures you. Don't deflate the IDV just to save a little premium — in a theft or total-loss claim it directly caps your settlement.
Educational estimate; final IDV is set by the insurer at the year/make/model level. Not insurance advice. Not financial advice — for informational and analytical use only. Verify all figures with a qualified professional before acting on them.
Need car insurance idv calculator results fast? Analysts, founders, traders and finance professionals use the Car Insurance IDV Calculator to skip the spreadsheet and get a defensible answer in one step — free, private and instant.
About Car Insurance IDV Calculator (India)
Insured Declared Value of your car from its showroom price and age, using IRDAI depreciation slabs. The Insured Declared Value is the maximum your motor insurer pays if the car is stolen or written off — so it is the single most important number on the policy. IRDAI fixes the depreciation slabs: 5% up to 6 months, 15% for 6–12 months, 20% in year 2, 30% in year 3, 40% in year 4, 50% in year 5, and a mutually-agreed value beyond 5 years (60% is a common starting point here). A higher IDV means a higher premium but a bigger payout on total loss; a lower IDV cuts premium but under-insures you. Don't deflate the IDV just to save a little premium — in a theft or total-loss claim it directly caps your settlement. The governing relationship is IDV = (Ex-showroom + accessories) × (1 − depreciation%) × (1 ± adjustment). The Car Insurance IDV Calculator computes entirely in your browser — free, private (your figures never leave your device) and instant, recalculating live as you change any input.
How to use Car Insurance IDV Calculator (India)
- 1Enter Ex-showroom price (₹), Fitted accessories value (₹), Vehicle age (months), IDV adjustment (%) into the Car Insurance IDV Calculator.
- 2The result is computed automatically using IDV = (Ex-showroom + accessories) × (1 − depreciation%) × (1 ± adjustment) — there is no button to press.
- 3Change any input to model a different scenario, then copy or share the result.
Why use Car Insurance IDV Calculator (India)?
- ✓Computes car insurance idv calculator instantly with the correct formula — no spreadsheet needed
- ✓100% free and unlimited, with no sign-up, login or paywall
- ✓Runs entirely in your browser, so the figures you enter stay private
- ✓Shows the formula, a live worked example and references so you can defend the number
Frequently asked questions
What is the formula behind the Car Insurance IDV Calculator?+
Car Insurance IDV Calculator uses IDV = (Ex-showroom + accessories) × (1 − depreciation%) × (1 ± adjustment). The Insured Declared Value is the maximum your motor insurer pays if the car is stolen or written off — so it is the single most important number on the policy. The tool substitutes your actual inputs into this relationship and shows the worked example step by step.
What inputs does the Car Insurance IDV Calculator need?+
Enter Ex-showroom price (₹), Fitted accessories value (₹), Vehicle age (months), IDV adjustment (%) and the result updates immediately — there is no button to press. Change any value to model a different scenario in real time.
Is the Car Insurance IDV Calculator free, and is my data private?+
Yes — it is completely free with no sign-up or usage limit, and it runs entirely in your browser, so the numbers you enter are never uploaded or stored on any server. Educational estimate; final IDV is set by the insurer at the year/make/model level. Not insurance advice. It is for informational and analytical use, not financial advice.
What should I watch out for when using the Car Insurance IDV Calculator?+
IRDAI fixes the depreciation slabs: 5% up to 6 months, 15% for 6–12 months, 20% in year 2, 30% in year 3, 40% in year 4, 50% in year 5, and a mutually-agreed value beyond 5 years (60% is a common starting point here). A higher IDV means a higher premium but a bigger payout on total loss; a lower IDV cuts premium but under-insures you. Don't deflate the IDV just to save a little premium — in a theft or total-loss claim it directly caps your settlement.
What is the Car Insurance IDV Calculator based on?+
The method follows authoritative sources: IRDAI motor own-damage depreciation grid (India Motor Tariff). The formula and references are shown on the page so you can verify and cite the result.
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