Vehicle Depreciation Calculator – IDV & Resale Value

Estimate your car or bike's IDV for insurance and its approximate resale value by age.

Last updated:

Vehicle
₹50,00,000
1 months180 months
5 %30 %
IDV (insurance value)—
Approximate resale value
—
Value lost so far
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Vehicle depreciation calculator

Renewing your motor insurance or thinking of selling your car or bike? This vehicle depreciation calculator shows two numbers: the IDV (Insured Declared Value) your insurer is likely to use, based on the standard depreciation schedule for vehicles up to five years old, and a roughresale value using a yearly depreciation rate you can adjust. A table shows how the value falls year by year so you can decide when to sell or upgrade.

How to use it

  1. Enter the ex-showroom price when the vehicle was new and its age in months.
  2. Adjust the market depreciation rate if you know how your model holds value.
  3. Compare the IDV with the estimated resale value.

Example

A car bought for ₹9,00,000 that is 2½ years (30 months) old falls in the 2–3 year band, so its IDV is 9,00,000 × (1 − 30%) = ₹6,30,000. At 15% a year, a rough market value is about ₹6.0 lakh, though a popular, well-kept car may fetch more. Check the on-road cost of a new one with theon-road price calculator, and the EMI with thecar loan EMI calculator.

IDV schedule as used by motor insurers in India for vehicles up to 5 years old; actual IDV can vary by insurer and accessories. Resale values are estimates only.

Frequently asked questions

What is IDV?
Insured Declared Value — the maximum your insurer pays if the vehicle is stolen or totally damaged. For vehicles up to 5 years old it is the manufacturer’s listed selling price minus a fixed depreciation by age (5% under 6 months, 15% up to 1 year, 20% up to 2, 30% up to 3, 40% up to 4 and 50% up to 5 years), plus fitted accessories.
Is IDV the same as resale value?
No. IDV follows the insurance schedule, while the price you get when selling depends on the brand, model popularity, fuel type, kilometres driven, condition, ownership history and city. The market estimate here is only a rough guide — check used-car platforms and dealers for real quotes.
How fast do cars lose value in India?
Roughly 15–20% in the first year and 10–15% a year after that for many popular cars, though some models hold value much better. Two-wheelers and electric vehicles can follow different patterns.
What happens to IDV after 5 years?
For vehicles older than 5 years, IDV is agreed between you and the insurer based on the vehicle’s condition and market value, so there’s no fixed percentage.

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