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Our team will contact you shortly to provide personalized assistance with your insurance plan. Table of Content What is IDV in car insurance? How is IDV calculated for a car?
Expert Note
This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage and conditions may vary by insurer.
Is IDV the same as market value or resale value?
This information is based on standard motor insurance guidelines issued by the Insurance Regulatory and Development Authority of India (IRDAI) and commonly followed industry practices. Policy coverage and conditions may vary by insurer.
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Why Do IDV Calculator Results Differ for Diesel vs Petrol Variants?
18 Sep 2026
How to Calculate IDV of a Car? Step-by-Step Guide
16 March 2026
What Is IDV in Car Insurance?
The IDV, also known as the insured declared value, is basically the present-day market value of your car as per your car insurance policy. It's the maximum payout your car insurance company will hand over if your car is totally lost, damaged beyond repair (constructive total loss), or stolen and never recovered.
What is IDV in car insurance?
IDV is one of the most crucial phrases you will encounter while purchasing car insurance. Insured Declared Value is referred to as IDV. It is, in essence, the amount that your car insurance company determines your vehicle's present value at the beginning of your policy. This is the most you can get if your car is stolen or irreparably damaged.