Insurance Estimator
Estimate your vehicle insurance premium based on vehicle value, coverage type, and driver profile.
Vehicle Details
Usage & Coverage
Premium Estimate
Loadings & Discounts
Loadings
- Medium risk area loadingRs. 14,000
Discounts
- No-claim bonus (30%)-Rs. 88,200
This is an estimate based on typical market ranges. Actual premiums and eligibility will depend on insurer underwriting policies.
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Data updated January 2026
Indicative Comprehensive Premium Ranges
Sri Lankan insurers do not publish fixed premium tables — every premium is quoted individually. Industry summaries put comprehensive motor cover at roughly 1.8%–3.5% of the insured vehicle value per year, before no-claim bonus and add-ons.
| Vehicle Value | Lower End (1.8%) | Typical (2.6%) | Higher End (3.5%) |
|---|---|---|---|
| Rs. 1,000,000 | Rs. 18,000 | Rs. 26,000 | Rs. 35,000 |
| Rs. 3,000,000 | Rs. 54,000 | Rs. 78,000 | Rs. 105,000 |
| Rs. 5,000,000 | Rs. 90,000 | Rs. 130,000 | Rs. 175,000 |
| Rs. 8,000,000 | Rs. 144,000 | Rs. 208,000 | Rs. 280,000 |
| Rs. 12,000,000 | Rs. 216,000 | Rs. 312,000 | Rs. 420,000 |
| Rs. 20,000,000 | Rs. 360,000 | Rs. 520,000 | Rs. 700,000 |
Indicative market ranges only — not a quote from any insurer. Final premiums depend on insurer, vehicle age, claims history, usage, and add-on covers.
Major Motor Insurers
Licensed general insurers offering motor cover include Sri Lanka Insurance, Ceylinco General, Janashakthi, AIA General, Union Assurance, HNB General, LOLC General, and Continental Insurance. Premiums are quote-based — request quotes from at least three providers for the same coverage before deciding.
Aggregators such as InsureMe.lk and ClickToInsure.lk let you compare live quotes from multiple insurers in one flow.
Example: Rs. 8M car, 35-year-old driver, 3 years NCB
Sample Inputs
What This Calculator Does
This estimator calculates approximate vehicle insurance premiums based on your vehicle details and driver profile. It helps you budget for insurance costs and compare coverage options.
- Estimates premiums for different coverage levels
- Factors in vehicle value and type
- Applies no-claim bonus discounts
- Considers driver age and experience
- Shows premium breakdown with loadings/discounts
Inputs and Assumptions
Assumptions
- - Market average premium rates
- - Standard policy terms
- - No special endorsements
- - Personal use vehicle
Frequently Asked Questions
Related Resources
Sources & methodology
Part of the Vehicle Ownership collection
How we calculate
Insurance Board of Sri Lanka
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Methodology verified January 2026 against Insurance Board of Sri Lanka · Attribution: CalcLK
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