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Car insurance calculator

What is a Car Insurance coverage calculator?

Car Insurance Coverage Calculator is an educational tool to help you learn about insurance coverage and the various factors you may want to consider when selecting your limits and deductibles. Depending upon the provided personal and car information, driving habits, the calculator will help determine the best suitable coverage for your car.
In addition to your driving record, several other factors are considered while calculating the coverage and quote of the car insurance. Read further to know more about the factors that directly affect the car insurance coverage calculations

What is a Car Insurance Estimate?

Car Insurance Estimate is another term used for what we generally call “car insurance quote”. Getting a car insurance quote in kenya or estimate is the foremost step towards purchasing a new insurance policy for your car. The process involves providing detailed information about self and the vehicle to the Car Insurance company. The company will calculate the car insurance or the premiums depending upon the provided information, specific factors and the chosen level of car insurance cover.

These specific factors (considered to calculate insurance quotes) vary between insurance companies in kenya, which is why you find difference in the premiums while car insurance quotes of varied insurers.

Before purchasing or renewing your Car Insurance in Kenya, calculate how much you would pay and save, if you switched to InsureAfrika.

You can potentially save significant amount of Kenyan shillings.

How is cost of car insurance calculated in Kenya?

The cost of car insurance in kenya is calculated by the value of the car, the age of the car, and additional benefits included in the policy. When buying Next car insurance, your premiums will also be determined by your risk profile. Various factors are taken into consideration while calculating your car insurance cost. These includes your age, experience as a driver measured in years and your claims history.

The Age of the Car

Let’s take the case of two similar cars but manufactured three years apart. If the cars we are considering are two Toyota Axios, one manufactured in 2007 and valued at Ksh 800,000 and the other manufactured in 2010 valued at Ksh 1,000,000. The 2007 Axio will attract a premium of Kshs 28,000 while the 2010 Axio will attract a premium of Kshs 35,000.

The Value of the Car

The value of the car plays a key role in the determination of the premiums due. Two cars made in the same year but having different valuation currently will attract different premiums. Let us take the case of two Subaru Legacies both manufactured in 2012. The first one is valued at 1.5 Million while the second one is valued at Ksh 1.2 million. The resulting premiums will be as follows. Buying car insurance for the 1.5 Million Subaru Legacy, the premiums will range from Kshs 56,250 to Kshs 67,000 depending on the company, while buying insurance for the 1.2 Million Subaru Legacy will attract premiums ranging from Kshs 45,000 to Kshs 60,000.

Extra Benefits Chosen

Extra benefits will also add to the value of the premium, but usually by a small margin. If we add extra benefits to the two Subaru Legacies so that the policy includes Political Violence & Terrorism Risks benefit, Excess Protector, Riot, Strike & Civil Commotion, Radio cassette/CD player, and Windscreen cover, then the values of the policies increase to between Kshs 63,750 to 82,500 for the 1.5 million car, and kshs 60,000 to 82,500 for the Kshs 1.2 million car, depending on company.

Benefits Of Using An Online Car Insurance Calculator

Are you purchasing an insurance policy without comparing different quotes? This might cost you more than you think. You may be paying addition for the same benefits that could be purchased for lower prices. If, you are looking out to buy a new car insurance in kenya or simply renewing your old insurance coverage without checking the other available options, you may be paying extra money.

You must always explore the market and access different coverage plans, their costs before opting for a suitable, economical car insurance policy. While, it may be tedious and time-consuming to check out for the offline available insurance offers, a car insurance calculator saves your precious time.

Here are some of the benefits of using a Car Insurance Coverage Calculator |when comparing your insurance options :

  • It’s quick, easy and saves your time. You simply have to spare a few minutes to fill out the required details.
  • You could save on your expenses on the car insurance premiums.
  • It helps get a better estimate of your car insurance.
  • It ensures you get the best quotes every time your insurance policy is renewed.

Want to see how much your Car Insurance will cost?