How does IDV calculated for car?

[panu24]

Let's say I have Hyundai i10n car which I purchased in Dec 2018 for 5 Lacs. Now based on this information can we calculate the ideal IDV value for this car today?

 

[CyberPsych]

You can try this → https://idv.gicouncil.in/

Usually 10% value drop every year from date of registration. After 5 years, it is between you and insurer.

 

[panu24]

You can try this → https://idv.gicouncil.in/

Usually 10% value drop every year from date of registration. After 5 years, it is between you and insurer.

Wow nice. This is what I wanted. Neutral way of finding the IDV.

 

[TechnoFi]

You can try this → https://idv.gicouncil.in/

Usually 10% value drop every year from date of registration. After 5 years, it is between you and insurer.

It's showing upto 2015 year purchase. Any other calculator for 2013 year car purchase ??