Insurance Car Calculator

Using the Insurance Car Calculator

Welcome to the Insurance Car Calculator user guide. This calculator helps you estimate your car insurance premium based on a variety of factors. Follow the steps below to make the most out of this tool.

Step 1: Enter Vehicle Information

• Vehicle Market Value ($): Input the current market value of your vehicle. Ensure that the value is between $500 and $1,000,000.
• Vehicle Age (years): Enter the age of your vehicle in years. You can input any number from 0 to 50.

Step 2: Enter Driver Information

• Driver Age: Provide your age. The accepted range is between 16 and 90.
• Years of Driving Experience: Indicate how many years you have been driving. This should be a number between 0 and 70.

Step 3: Select Vehicle Type

• Vehicle Type: Choose the type of vehicle you own from the options available: Sedan, SUV, Sports Car, or Pickup Truck. Each option has a specific multiplier that will affect the premium.

Step 4: Choose Coverage Type

• Coverage Type: Select your preferred coverage type, which could be Basic (Third Party), Comprehensive, or Premium (All Risk). Each coverage type has different cost implications.

Step 5: Determine Annual Mileage

• Annual Mileage: Select the range that best matches your estimated annual driving mileage: Less than 5,000 miles, 5,000 – 12,000 miles, 12,001 – 20,000 miles, or More than 20,000 miles.

Step 6: Review Claim History

• Claims in Last 3 Years: Indicate the number of claims you have made in the last three years. Available options are No Claims, 1 Claim, 2 Claims, or 3 or More Claims.

Step 7: Review Calculation Results

• Base Premium: This calculates the annual insurance premium using the inputs provided earlier. It considers vehicle age, driver age, the driving experience, and other factors.
• Monthly Payment: The base premium divided by 12 to show your expected monthly payment.
• Standard Deductible: This displays the deductible amount, which is calculated as 1% of your vehicle’s market value.
• Potential Safe Driver Discount: If applicable, this potential discount is given to safe drivers with no claims history.

By following these steps and accurately providing the information requested, you can obtain a reliable estimate of your car insurance premium using the Insurance Car Calculator. Should you need to adjust the inputs for different scenarios, simply update the fields and review the new results accordingly.