Choosing the right bike insurance plan is important to get the best kind of protection for the rider and his vehicle. In such a situation, an online bike insurance calculator can be immensely helpful in making the right choice. The bike insurance premium calculator is an effective online tool that allows you to compare from various insurance providers. It can also help understand the various features and benefits that a particular bike insurance comes with. You can use the online bike insurance calculator on this page to get the plan for your two-wheeler.
Bike insurance premium is calculated on the basis of factors like its engine capacity, age of the vehicle, etc. The table below will give you an idea of how bike insurance premiums are calculated, as per guidelines given by the Insurance Regulatory Authority of India:
|Two Wheeler Category||Premiums|
|Vehicles not exceeding 75cc in power||₹482|
|Vehicles exceeding 75cc but not exceeding 150cc||₹752|
|Vehicles exceeding 150cc but not exceeding 350cc||₹1193|
|Vehicles exceeding 350cc in power||₹2323|
It should be noted that other factors like location, model and price of the vehicle and the age of the vehicle may also affect insurance prices. You can get a good idea of base third-party insurance rates for bikes using the table above.
Just follow these 5 quick steps to calculate your bike insurance premium using two wheeler third party insurance premium calculator:
Step 1: Begin by providing your vehicle’s details such as the registration number.
Step 2: Proceed further to provide the details of its make & model, fuel type, registration details, and more.
Step 3: Declare the NCB (no claim bonus) status
Step 4:Pick the plan of your choice between third-party & comprehensive plans
Step 5: Provide your personal information and move ahead.
Step 6: Lastly, your bike insurance premium will be displayed. It’s that simple!
An online two-wheeler insurance calculator is a highly useful tool that comes with several benefits.
The process to calculate insurance premiums for old and new two-wheelers also differs. Here are some important points you should know:
In this case, a bike insurance calculator helps you check if you have any reduction in the premium. As the age of the bike affects the premium amount, this becomes a crucial factor for evaluation. The older the bike, the lesser the premium. And, buying bike insurance for your old bike usually involves the process of entering the details of your existing policy before you proceed. Details that are need for calculating old bike insurance premiums are:
Buying a new bike involves thorough research and evaluation. The same should be the case when it comes to protecting your brand-new bike with a bike insurance plan. And, for getting a quick quote, just enter the details of your new ride, including the make & model, registration number, manufacture details, and more, and derive your bike insurance premium amount instantly. Here are the details needed for calculating a new bike’s insurance premiums:
Here are the important features that are used to calculate the insurance premiums for bikes and two-wheelers in the case of comprehensive insurance:
Here are the important features that are used to calculate the insurance premiums for bikes and two-wheelers in the case of a third-party insurance premium calculator:
Online bike insurance calculator has made it easier for you to calculate the bike insurance in minutes. By entering just a few important details, the calculator displays the premium amount payable by you, making it easier for you to gauge your total investment towards the bike insurance policy.
Follow these quick tips to keep in mind while comparing bike insurance quotes to get the right plan:
Bike insurance premium rates may vary across different insurance companies. However, you can always take the necessary measures to save on the two-wheeler insurance premiums that you will pay for the financial coverage.
Here are some tips to reduce the bike insurance premiums:
Various insurers send your bike insurance policy document’s soft copy on the registered email id immediately after you pay your two-wheeler insurance premium online.
Getting a two-wheeler insurance quote online does not just save you time and hassle, but also lets you save on the extra expenses incurred on middlemen or agents.
IDV for bike insurance means the current market value of the vehicle. It corresponds to the maximum sum assured fixed on the vehicle by the insurer. It is paid against the total loss or theft of the bike.
Yes, as long as you input the right details about your vehicle in the two-wheeler insurance premium calculator, you will get an accurate quote.
You can get the best bike insurance plan for your vehicle by using the two-wheeler insurance premiums calculator to check the premiums and quotes of various insurance plans. You should also browse different insurance websites before settling on buying your insurance plan.