Vehicle Depreciation Calculator
Estimate a vehicle's current value using the standard insurance (IRDA-style) depreciation schedule or a custom annual rate.
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₹
years
Result
20%Depreciation rate applied
₹6,40,000.00Depreciated value
₹1,60,000.00Total depreciation
How to use Vehicle Depreciation Calculator
- 1Choose the standard insurance (IRDA-style) depreciation schedule, or a custom annual depreciation rate.
- 2Enter the original price and vehicle age.
- 3The current estimated value is calculated instantly.
Frequently asked questions
This is the depreciation schedule commonly used by Indian motor insurers to settle "Insured Declared Value" (IDV) for own-damage claims, based on vehicle age.
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