As already stated, IDV is the maximum amount that one can get as compensation if the vehicle is irreparably damaged. Therefore, it is crucial to check the IDV before purchasing an insurance policy. While most vehicle owners think it is wise to choose a lower IDV to have a lower premium, a higher IDV will ensure a higher claim amount. Therefore, getting an IDV close to your vehicle’s current market value is best. In addition, as your car grows older, IDV also reduces.