Vehicle IDV Calculator
Estimate the Insured Declared Value (IDV) of a vehicle from price and age.
Estimate only — insurers may adjust the IDV for accessories, registration and vehicle condition.
- Depreciation
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- Depreciation amount
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What is IDV?
Insured Declared Value (IDV) is the maximum amount your motor insurer pays if your vehicle is stolen or written off. It is based on the manufacturer's listed price less depreciation for the vehicle's age, and it also influences your premium.
How this estimate works
This tool applies the standard IRDAI depreciation slabs by age: under 6 months 5%, 6 months–1 year 15%,
1–2 years 20%, 2–3 years 30%, 3–4 years 40%, 4–5 years 50%. IDV = Ex-showroom price × (1 −
Depreciation). It is an estimate; insurers may adjust for accessories, registration
and vehicles over 5 years old.
How to use the Vehicle IDV Calculator
- Enter the ex-showroom price. Type the manufacturer listed ex-showroom price.
- Select the vehicle age. Choose the age band that matches your vehicle.
- Read your estimate. See the estimated IDV and depreciation update instantly.
Frequently asked questions
Why does IDV fall with age?
A vehicle loses value over time, so insurers apply standard depreciation slabs. The older the vehicle, the higher the depreciation and the lower the IDV.
Should I pick a higher or lower IDV?
A higher IDV means a larger payout on total loss but a higher premium; a lower IDV reduces premium but pays less. Choose a value close to the vehicle market price.
Is IDV based on ex-showroom or on-road price?
IDV is based on the manufacturer listed (ex-showroom) price less depreciation. It excludes registration and insurance costs that make up the on-road price.
Does this calculator store my data?
No. The estimate runs entirely in your browser; nothing you enter is sent to or stored on a server.