Vehicle Insurance IDV Calculator
Estimate insured declared value from the listed vehicle price, age-based depreciation and insured accessories.
How this estimate works
The age schedule is an estimate for vehicles up to five years. For older or obsolete models, IDV is generally determined by agreement between insurer and insured. IDV is not a resale-price guarantee.
Check your inputs & compare scenarios
Replace the examples with your current figures. Keep the currency and time period consistent with each field. Save one scenario, then change an amount or rate to compare the effect. Reopened scenarios calculate with current rules; your original result stays in history.
Report a calculation issue with this page URL and non-sensitive example inputs.
Questions & answers
Frequently asked questions
Does choosing a lower IDV only reduce the premium? +
A lower IDV may reduce premium but can also reduce the amount considered for total-loss or constructive-total-loss settlement. Compare cover, deductible and IDV together.
Which policy documents should I check? +
Use the policy schedule, Customer Information Sheet, benefit illustration and insurer quotation. Enter the exact cover, premium, factor, sub-limit or charge shown for your policy.
Does this replace an insurer quotation or professional advice? +
No. It is a planning estimate. Underwriting, medical history, exclusions, waiting periods, tax treatment and product-specific terms can change the final premium, benefit or claim.