How is IDV calculated?

IDV = (Manufacturer's listed selling price - depreciation). It does not include registration and insurance costs.

What is the depreciation for a new car?

For vehicles up to 6 months old, the depreciation is 5%. It increases to 50% once the car is 5 years old.

Should I choose a lower IDV to save premium?

No. A lower IDV reduces premium but you will receive a smaller payout in case of Total Loss (theft or major accident). Stick to the calculated IDV for proper protection.

Car Insurance IDV Calculator

Calculate the Insured Declared Value (IDV) of your car based on its age and showroom price.

Share this calculation:

Documentation

Quick Summary: Car Insurance IDV Calculator

In FY 2026-27, the IDV is the maximum sum insured for your car, derived from the ex-showroom price minus age-based depreciation (5% to 50%). For vehicles older than 5 years, the IDV is mutually agreed upon based on market value.

Related Calculators

Home Insurance Calculator

Cyber Insurance Need Calculator

Two Wheeler IDV Calculator

Regulatory Disclaimer

Last verified May 2026

Statutory Disclosure

Nature:Calculator platform and is NOT a SEBI-registered Investment Adviser. All calculations are indicative.

Risk:"Investments in securities market are subject to market risks. Read all related documents carefully before investing."

Consult a SEBI-registered IA or CA for personalised advice.

9 out of 10 traders in F&O incurred net losses (SEBI 2023). Tax estimates based on IT Act 2025. Trezoriq is not liable for financial decisions based on results.