Premiums & Pricing
What Is IDV in Car Insurance, and How Much Should Yours Be?
IDV is what you get if your car is stolen or written off. Many cheap quotes are cheap only because the IDV was quietly cut. Here is how to check yours.
Author
Yash Gupta – page 2
I'm Yash Gupta, born in 2008, and I started FinanceBudget in December 2025. I write every guide on this site and maintain the rates behind the calculators.
I built it because car insurance renewal notices and claim settlements are full of numbers that nobody explains: IDV, NCB, depreciation, deductibles. Most people just pay what the notice says. I wanted a place where you can check those numbers yourself, in plain language, without anyone trying to sell you a policy.
To be clear about what I am and am not: I'm not an insurance agent, broker or licensed adviser, and I don't earn commission on any policy. Everything I publish is researched from primary sources, mainly government notifications, IRDAI regulations and standard policy wordings, and every calculator is checked by automated tests before it goes live. If you find something wrong, tell me through the contact page and I'll fix it. That process is in the corrections policy.
You can also find me on Instagram.
Guides by Yash Gupta
Premiums & Pricing
How Is Car Insurance Premium Calculated in India?
Your renewal notice is an offer, not a bill. Here is which part of the premium is fixed by law, which part the insurer sets, and how to tell if you are overpaying.