How To Calculate Car Insurance Premium Formula. Get results from 6 engines at once Formula to calculate your car insurance basic premium.
Insured declared value or idv is the value of the car as estimated by the insurance company when a motor insurance application is made for the first time. Formula to calculate idv is: Ad search car premium insurance.
With increase in age of the car, insurance premium also comes down.
Meeta sabnis 12 january 2016. Confused about why your car insurance premium is different in different places? A car insurance calculator is an online tool that allows you to calculate a customised premium amount for your car insurance policy. The ultimate cheat sheet to calculate your car insurance premium.