RapidCheck

IDV Calculator (Vehicle)

Estimate your vehicle's Insured Declared Value.

Last updated: 13 Aug 2026

Quick answer

IDV is the ex-showroom price less depreciation for the vehicle's age: IDV = ex-showroom × (1 − depreciation% ÷ 100). For example, a ₹8,00,000 car aged 2–3 years (30% depreciation) has an IDV of about ₹5,60,000. Enter the price and age above.

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Insured Declared Value (IDV) is the maximum a motor insurer pays if your vehicle is stolen or totalled. It is the ex-showroom price reduced by a standard depreciation for the vehicle's age.

How to calculate IDV

  1. 1 Enter the ex-showroom price.
  2. 2 Select the vehicle's age band (sets the depreciation).
  3. 3 We estimate the IDV.

Frequently asked questions

What is IDV?
It is the insured declared value — the maximum claim payout if your vehicle is stolen or a total loss.
How is IDV calculated?
Ex-showroom price minus standard depreciation for the vehicle's age (IRDAI depreciation slabs).
Should I choose a higher IDV?
A higher IDV means a higher payout but a higher premium; keep it close to market value.

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