Car Insurance Premium Estimator
Motor premium split into own damage, third party and add-ons. The no claim bonus applies only to the own damage portion, so a fifty percent bonus does not halve the bill.
Also called: motor insurance premium, car policy premium calculator.
$31,685.00 including tax: $18,900.00 own damage after a 25% no claim bonus, 3,416 third party and $4,536.00 for add-ons. NCB saves you $6,300.00. Third party cover is compulsory, priced by engine capacity on a regulated tariff, and carries no no-claim discount.
An estimate, not an offer or a guarantee. Projected returns assume the rate you entered holds for the whole term, which no market does.
This is what the calculation gives for the numbers you entered. It is an estimate, not advice, and it knows nothing about your situation beyond those numbers. Rules for United States change on a published schedule; the effective date is shown on every rule-based tool.
How this is calculated
Third party cover is compulsory, priced by engine capacity on a regulated tariff, and carries no discount at all. Own damage is optional, priced on the IDV, and is the only part the no claim bonus reduces. That is why a fifty percent NCB cuts the total premium by much less than half. Zero depreciation cover removes the parts depreciation deduction at claim time and typically adds fifteen to twenty percent, which usually pays for itself on a single claim for a newer vehicle.
the no claim bonus applies only to the own damage portion, never to third party- NCB
- No claim bonus
Method and limits
What it assumes
- A private car with a standard risk profile.
What it deliberately does not model
- Third party rates are set by regulation and revised periodically.
- Add-on pricing varies substantially between insurers.
- Claims history beyond the NCB affects underwriting.
Formula version 1.0.0 · definition 1.0.0 · United States · Report a problem with this calculator
Frequently asked questions
- Why does a 50 percent NCB not halve my premium?
- Because it applies only to the own damage portion. Third party cover is compulsory, regulated and never discounted, so a large share of the bill is untouched.
- Is zero depreciation worth it?
- On a newer vehicle usually yes. It removes the parts depreciation deduction at claim time, and a single claim on plastic and glass parts typically recovers the extra premium.