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Customer Self ServicesCar Insurance Calculator | Find the Best Car Insurance Quote For You | Chola MS
In a fast-paced world where we exert ourselves day in and day out at work, we often fail to accomplish our personal chores. We have the tendency to delay even important tasks such as renewing our motor insurance. Renewing an insurance policy is a task that demands a lot of your time, and as we have already mentioned, it is impossible in an erratic schedule. That’s where a car insurance calculator enters the scene.
What is Car Insurance Premium Calculator?
Whether you go for an offline or online method of buying car insurance, you begin the process by perusing different car insurance quotes. We cannot simply rely on someone else’s premium amount, because it varies from person to person. So, how will you calculate your premium? Simple, with an online car insurance calculator! You will get a personalised car insurance quote online, depending on the details you provide. You can compare the insurance premium rates and identify an ideal policy for yourself.
How to Use an Online Car Insurance Calculator?
To get a car insurance quote, you need to follow these simple steps:
1. Enter your car’s registration number and click on “Get A Quote”.
2. Enter other details of your vehicle, namely the Make, Model/Variant, Fuel Type, Cubic Capacity, Date and City of Registration, and Year of Manufacture.
3. Enter personal details like Name, Phone Number, Email ID, Aadhaar Number, Previous Policy Details etc.
We will send you the quote by e-mail or SMS.
Benefits of Online Car Insurance Premium Calculator
1. Set the Right Insured Declared Value (IDV): Along with receiving a premium amount, it is also important to ensure that you receive the right IDV for your vehicle. Car insurance calculator will give your best suited IDV on the basis of your vehicle’s make, model and age. It will keep you from bearing a huge loss.
2. Choose the Right Add-Ons: While purchasing a Car insurance offline, people tend to avoid add-on covers as it increases the premium rate. By getting your car insurance quote online, you can add different add-on covers to analyse how the premium amount changes and choose only the ones that are necessary.
3. Right Premium: You can gather the insurance quotes online from different insurance companies and choose a policy that fits your needs.
Reasons to Use Car Insurance Premium Calculator
1. To compare different car insurance quotes and opt for the right policy
2. To eliminate the cost involved in including an intermediary
3. To understand how different factors influence your car insurance premium rate
4. To make a decision based on thorough analysis and not under the influence of an agent
Factors That Affect Your Car Insurance Quote
FAQs Regarding Online Car Insurance Calculator
All you want to know about Motor Insurance at Chola MS
A voluntary deductible is an amount you are ready to shell out in case of any loss or damage. For example, when you make a claim, a part of the payment is made by the insurance company and the other part by the insured, i.e. you. If your deductible amount is higher, your premium amount will be lower.
A word of advice: Do not promise to take responsibility for a loss or damage simply because you want to pay a lower premium. You might end up paying heavy losses.
Compulsory excess and voluntary deductibles are one and the same. It is the amount of money you pay at the time of a loss/damage.
You need to look into various factors such as:
1. Time taken to process a claim
2. An approachable and efficient customer service
3. Affiliation of insurer with different garages; it enables you to go cashless while repairing your vehicle.