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Bike Insurance Calculator

A bike insurance premium calculator is an online tool that helps estimate your policy cost based on details such as the vehicle's make, model, age, and location. It simplifies comparisons and lets you choose the most suitable plan at the right price.

Calculate Bike Insurance Premium Online

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Save big with Digit - Claim up to 80% discount on new bike insurance premium.

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Bike insurance Online, starting ₹752

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Cashless Garages

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1000 Crore+

Paid-in Claims

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3 Cr+

Policies Sold

Why is it Important to Use a Bike Insurance Premium Calculator Before Buying?

It is tempting to pick the cheapest bike insurance quickly, but choosing the right policy is smarter. A bike insurance premium calculator can help you decide

Saves you Money

Saves You Money

A two-wheeler insurance premium calculator does not just help you find the cheapest option but the most cost-effective one. It shows how different factors affect your premium and helps you choose the right combination for optimal protection.

Reduces Premium

Reduces Premium

While using the calculator, you can see how changes in certain factors increase or decrease your bike insurance premium. Try different options and find what works best for you and your bike.

Makes You Aware

Makes You Aware

Your bike deserves the best protection, and a premium calculator helps you make an informed choice. It is transparent in its calculations and clearly shows how your premium is determined.

How to Use Bike Insurance Premium Calculator?

Use the bike insurance calculator to check premium quotes for new or old bike insurance plans. Follow these steps to use it and find the right coverage for your bike.

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Enter Bike Details

On the Digit App or website, enter your bike’s registration number and click on "View Prices".

Choose a Plan

Select the type of bike insurance plan and choose desired add-ons.

Enter Personal & Nominee Details

Enter your personal, nominee and vehicle details.

Previous Policy Details

Enter details of previous insurer and expiry date of the previous bike insurance policy.

That's It!

You will now see your final bike insurance policy premium calculated.

What are the Benefits of Using Two-Wheeler Insurance Calculator?

Right IDV

Smart Add-Ons

Best Premium

NCB Calculation

Easy Customisation

Having the correct insured declared value ensures fair compensation in case of total loss or theft. A bike insurance calculator helps you set the right IDV based on your bike’s specifications.
Choosing suitable add-ons gives your policy extra protection. The calculator shows how each add-on affects your premium, helping you select the right mix for your needs and budget.
Using a bike insurance calculator, you can compare premium quotes easily. This helps you find a plan that is well priced and tailored to your requirements.
Automatically applies to your No Claim Bonus and shows the discounted premium.
Adjust IDV, add-ons, and coverage to match your budget and needs.

What are the Details Required to Calculate Two-Wheeler Insurance Premium?

How to Calculate a Two-Wheeler Insurance Premium for New & Old Bikes?

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Step 1

Enter the city where the bike is registered.

Step 2

Select policy type (Third-Party or Comprehensive).

Step 3

Choose add-ons like Zero Depreciation, Roadside Assistance, or Personal Accident Cover.

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Step 1

Enter bike details (make, model, year, registration city).

Step 2

Select a plan and policy type.

Step 3

Choose desired add-ons.

Step 4

Provide personal, nominee, and vehicle details.

Example of Bike Insurance Premium Calculation

To help you understand how the bike insurance premium is calculated, let’s look at a sample breakdown for a popular bike model “Honda Activa” with a comprehensive plan and add-ons:

  • Bike: Honda Activa (2022)
  • Policy Type: Comprehensive
  • Add‑on Chosen: Zero Depreciation

Cost Breakdown:

Cost Component Description Amount (₹)
Vehicle Damage Cover Covers damage to the bike due to accidents, theft, fire, or natural calamities  1,400 
NCB Discount Discount applied for previous claim‑free years  300 
Total Vehicle Damage Cost {A} After applying NCB  1,100 
Third‑Party Liability Premium Mandatory by law; covers injury, death, or property damage caused to third parties  1,119 
Personal Accident Cover Mandatory owner‑driver cover  150 
Total Third‑Party Cost {B}   1,269 
Add‑On Premium {C} Zero Depreciation Add‑on  350 
Total Premium (A + B + C) – Excl. GST   2,719 
GST (18%) Applicable tax  490 
Total Premium Payable (Incl. GST) Final payable premium  3,209 

Note: This is a sample premium structure meant only to help you understand how the two‑wheeler insurance premium is calculated. Actual values may vary based on insurer, city, bike age, and add‑ons selected. Use our Bike Insurance Calculator to get your exact quote instantly!

What is a Comprehensive Two-Wheeler Insurance Calculator?

Third-Party Bike Insurance Premium Chart

The third-party bike insurance premium is charged based on a bike’s engine capacity. Let’s have a look at the prices,

Engine Capacity New 2W TP Rate (effective 1st June 2022)
Not exceeding 75 cc  ₹538 
Exceeding 75cc but not exceeding 150 cc  ₹714 
Exceeding 150cc but not exceeding 350cc  ₹1366 
Exceeding 350 cc  ₹2804 

Third-Party Electric Bike Insurance Premium Rates

Unlike a Comprehensive Bike Insurance Premium Calculator, a Third-Party Bike Insurance Premium Calculator depends on the power output (kW) for electric two-wheelers, and the premiums are predetermined by IRDAI.

Electric Two-Wheeler Power Output Annual Premium (₹)
Not exceeding 3 kW  ₹457 
Exceeding 3 kW but not exceeding 7 kW  ₹607 
Exceeding 7 kW but not exceeding 16 kW  ₹1,161 
Exceeding 16 kW  ₹2383 

Common Mistakes to Avoid While Using a Two-Wheeler Insurance Premium Calculator

Entering Incorrect Bike Details

Ignoring Add-On Covers

Not Updating No Claim Bonus (NCB)

Overlooking Policy Type

Ignoring IDV (Insured Declared Value)

Providing wrong information like bike model, variant, registration year, or fuel type can lead to inaccurate premium calculations. Since insurers base quotes on these details, any mismatch may result in incorrect pricing and even claim rejection later.
Many users skip add-ons such as zero depreciation, roadside assistance, or engine protection while using the calculator. These add-ons enhance coverage but also affect the premium. Ignoring them may leave you underinsured when you need extra protection.
Forgetting to include your NCB from the previous policy is a common mistake. NCB can reduce your premium by up to 50%, so missing this detail means you end up paying more than necessary.
Confusing third-party and comprehensive coverage often leads to wrong expectations. Third-party insurance is cheaper but offers limited protection, while comprehensive covers own damage too. Choosing the wrong type can leave you exposed to financial risk.
Accepting the default IDV without adjustment is another mistake. IDV affects both premium and claim amount—too low means less compensation during a claim, while too high increases your premium unnecessarily. Always review and set an appropriate IDV.
factors determining bike insurance premium

What are the Factors that Determines Two-Wheeler Insurance Premium?

Let's see the factors that influence the two-wheeler insurance premium:

  • Coverage Type - The type of coverage or insurance policy you opt for determines the premium amount. It will be higher for a comprehensive insurance policy than for a third-party policy.
  • Make & Model - The model/make of your bike also influences the bike insurance premium. A more expensive or high-end/imported bike will have a higher premium, as the cost of insuring its different parts would be higher. Additionally, less cubic capacity (cc) of the bike’s engine will fetch a lower premium amount than a bike with 350 cc or more.
  • Bike Age - If you’re renewing insurance for your old bike, the insurance calculator will consider the bike’s age and condition to quote a base premium amount (excluding NCB, Discounts/loading, etc.). The older the bike, the more the depreciation; hence, the insured sum will be low, and you will need to pay less base premium.
  • IDV - Your bike’s approximate market value, the IDV, directly impacts your bike insurance premium. So, if the IDV value of your bike reduces, your premium amount also reduces.
  • Add-Ons - If you opt for add-on covers to increase the scope of bike coverage, you will have to pay more, thus increasing your base premium amount.
  • Modifications - If your bike has modifications to enhance its aesthetic or performance, you will have to pay a higher insurance premium to cover the costs of these parts.
  • RTO - If your vehicle’s RTO location is traffic-congested or more prone to accidents, you are liable to pay a higher premium.
  • NCB - If you haven’t raised any claim in a policy year, the insurer offers you a discount in the form of a No Claim Bonus (NCB), which ultimately lowers your premium for the following policy year.

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Impact of Add-ons on Your Bike Insurance Premium

zero depreciation cover

Zero Depreciation Cover

No deduction for depreciation during claims. Great for new bikes, but adds a noticeable cost.

Roadside Assistance

Roadside Assistance

Help when your bike breaks down. A small price for big peace of mind.

Engine Protection

Engine Protection

Covers engine damage from water or oil leaks. Useful in flood-prone areas, but costs extra.

Personal Accident Cover

Personal Accident Cover

Mandatory for owner-driver, adds a fixed amount.

Return to Invoice

Return to Invoice

Get the full invoice value if your bike is stolen or totaled. Premium goes up, but so does your security.

Consumables Cover

Consumables Cover

Covers small parts like nuts and bolts. Minor cost, but handy during repairs.

5 Tips to Reduce your Two-Wheeler Insurance Premium

Here are some tips and tricks to help reduce your bike insurance premium. 

Renew on Time

Renew on Time

We all procrastinate, but don’t do it in this case. Renew your bike insurance policy before its expiry date. This won’t only eliminate the bike inspecting process but will also ensure you can include your No Claim Bonus and get a discount.

Select Add-Ons

Select Add-Ons

Add-ons and covers are an awesome way to add an extra layer of protection to your bike, but they also increase your bike insurance premium. Therefore, we recommend that you only opt for relevant add-ons. 

Talk to Insurer

Talk to Insurer

Talking it out always helps. No matter what your concerns are, talk them out with your insurance company and you never know, they might give you the most suitable solution and perhaps a cost effective premium too!

Increase Deductible

Increase Deductible

If you’re a safe rider and have largely had a clean claims state, you could consider increasing your voluntary deductible that will help in decreasing your bike insurance premium. 

Maintain Good Record

Maintain Good Record

This one’s pretty obvious. Ride safely and stay away from trouble so you can avoid making claims and hence be rewarded with a No Claim Bonus on every bike insurance renewal.

How to Renew Two-Wheeler Insurance with Digit?

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Login

Login to Digit App or website and go to the ‘My Policy’ section.

Select Policy

Select the policy pending for renewal and click on ‘Renew Policy.’

Choose a Plan

Next, select the add-ons and tenure and confirm the details, and move to the next step.

Make Payment

Complete the payment and mandatory KYC verification process.

That's It!

You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

FAQs Related to Bike Insurance Calculator

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Written By:

Manasvi Gupta

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