Motor Insurance Calculator

IDV (Insured Declared Value) is the maximum amount your insurer will pay if your vehicle is stolen or completely damaged (total loss). It is calculated as the manufacturer's listed price minus depreciation based on the vehicle's age. Higher IDV = higher premium but better protection.

Third-Party only covers damage caused to other vehicles/people by your vehicle — it's legally mandatory in India. Comprehensive insurance covers both Third-Party liability AND damage to your own vehicle (due to accident, theft, flood, fire, etc.). Comprehensive is strongly recommended for newer vehicles.

NCB (No Claim Bonus) is a discount on your Own Damage premium for each consecutive claim-free year. It starts at 20% after 1 year and goes up to 50% after 5 or more claim-free years. NCB can save you thousands of rupees annually — always protect it by avoiding small claims!

Normally, when you claim for vehicle repairs, the insurer deducts depreciation on parts (rubber, plastic, metal). Zero Depreciation add-on means the insurer pays the full replacement cost without any depreciation deduction — highly recommended for new vehicles up to 3-5 years old.

Yes! Under the Motor Vehicles Act 1988, Third-Party insurance is legally mandatory for all motor vehicles in India. Driving without valid insurance can result in fines up to ₹2,000 and/or imprisonment. B-Wealth helps you get the right cover instantly.

B-Wealth is an IRDAI licensed insurance advisor. We compare motor insurance quotes from 15+ insurers and help you get the best Comprehensive or Third-Party cover at the lowest premium — with zero hassle claim support whenever you need it.