IDV is the most the insurer will pay if your car is stolen or damaged beyond repair. It is the current list price of the same model minus a fixed depreciation by age: 5% under six months, 15% up to one year, then 20%, 30%, 40% and 50% up to five years; after that it is agreed with the insurer.
A lower IDV cuts the premium but also cuts what you get back after a total loss.
See on-road prices, with registration, road tax and insurance included
Checked against this source on 18 Sep 2026. Every term