Free Vehicle Depreciation Calculator India

Calculate your vehicle's depreciation based on standard IRDAI motor insurance rates for metal, plastic, and glass parts. Quick, accurate, and completely free to use.

IRDAI standard rates • Metal, plastic & glass parts • Instant calculation • Free • India-specific

Free Vehicle Depreciation Calculator for Insurance Claims (India)

Our vehicle depreciation calculator helps you determine the exact depreciation percentage applicable on your car during an insurance claim. As per IRDAI motor insurance guidelines, depreciation is applied on metal, plastic/rubber and glass parts based on the age of the vehicle. This free tool is designed for Surveyor & Loss Assessor, Car Owners and insurance buyers to estimate claim deductions instantly.

How to Use Car Depreciation Calculator?

1. Select the vehicle's date of registration.
2. Choose the date of accident or claim.
3. Click "Calculate Depreciation".
4. Get age-wise depreciation rates for metal parts, plastic parts (fixed 50%) and glass (0%).

Standard Depreciation Rates for Motor Insurance (IRDAI)

  • Up to 6 months: 0% (metal parts)
  • 6 months – 1 year: 5%
  • 1 – 2 years: 10%
  • 2 – 3 years: 15%
  • 3 – 4 years: 25%
  • 4 – 5 years: 35%
  • 5 – 10 years: 40%
  • Above 10 years: 50%
  • Plastic/Rubber parts: 50% (regardless of age)
  • Glass parts: Nil depreciation

Why Depreciation Matters in Car Insurance Claim?

Depreciation reduces the claim amount payable for replaced parts. Older vehicles have higher deductions. A zero depreciation policy (bumper-to-bumper) avoids these deductions and ensures full settlement. Use our calculator to compare claim amounts with and without zero dep cover.

Benefits of This Depreciation Tool

  • ✔️ Based on official IRDAI depreciation schedule
  • ✔️ Instant result – no personal data needed
  • ✔️ Helps decide if zero dep add-on is worthwhile
  • ✔️ Mobile friendly and completely free

Note: This calculator follows standard depreciation rates defined under Indian motor insurance guidelines regulated by the Insurance Regulatory and Development Authority of India (IRDAI).

Vehicle Depreciation – Frequently Asked Questions

What is depreciation in car insurance claim?
Depreciation in car insurance is the reduction in value of vehicle parts due to wear and tear over time. During a claim, insurers deduct this amount based on IRDAI-approved rates, which depend on the vehicle’s age and type of parts (metal, plastic, glass).
How is depreciation calculated as per IRDAI?
For metal parts: 0% up to 6 months, 5% (6m-1y), 10% (1-2y), 15% (2-3y), 25% (3-4y), 35% (4-5y), 40% (5-10y), 50% (>10y). Plastic/rubber parts: fixed 50%. Glass parts: Nil depreciation.
Does zero depreciation cover avoid these deductions?
Yes, a zero depreciation policy (bumper-to-bumper) ensures no depreciation is applied, giving you a full claim amount without age-based deductions.
Is this vehicle depreciation calculator accurate for all cars?
Yes, it follows the standard motor tariff rates applicable for all private cars in India. However, actual claim settlement may also depend on policy terms and insurer.
Can I use this calculator for two-wheelers?
The depreciation rates are similar for two-wheelers as per IRDAI guidelines, so yes, you can get a fair estimate.