Car Insurance IDV Calculator
Calculate the Insured Declared Value (IDV) of your car based on its age and showroom price.
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.
How to use the Car Insurance IDV Calculator
- 1
Select Vehicle Age
Choose the current age of your car to apply the correct depreciation slab.
- 2
Input Ex-Showroom Price
Enter the listed price of the car excluding taxes and registration.
- 3
Apply Depreciation
The tool automatically deducts 5% to 50% based on the selected age.
- 4
Review Sum Insured
Get the exact IDV that should be mentioned in your insurance renewal.
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Regulatory Disclaimer
Last verified May 2026
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.