Bike Insurance Premium Calculator

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

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

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.

Own Damages

Included in a comprehensive and own damage bike insurance policy, this covers losses to your own bike from events like accidents or floods.

Third-Party Damages

Coverage for third-party injury or property damage is mandatory by law. This portion of a comprehensive policy is standard and predetermined by IRDAI.

Bike Age

The age of your bike is a key factor in premium calculation. Newer bikes face different risks and repair costs compared to older ones, so insurers price accordingly.

Deductibles

A deductible is the amount you pay out of your pocket during a claim before coverage applies. Choosing a higher share reduces your premium, while a lower share increases it.

No Claim Bonus

No Claim Bonus in bike insurance means For each claim-free year, you earn a premium discount, starting at 20% for the first year. A higher NCB means a lower comprehensive premium in the next policy term.

Make & Model

Your bike's make and model and engine capacity affect repair costs and risk, which in turn influence the premium. These details also help set an appropriate IDV for your bike.

IDV

Insured Declared Value in bike insurance is the current market value of your bike and sets the payout in theft or total loss. The calculator lets you choose an IDV that fits your bike specifications and the protection you prefer.

Personal Accident Cover

Personal accident cover protects the owner-driver for accidental death or permanent disability while riding. The benefit pays as per policy terms and is separate from own damage and third-party cover.

Add-On Covers

Add-ons in bike insurance enhance coverage with options like zero-depreciation cover, return-to-invoice cover, breakdown assistance, etc. Select the mix that matches how you ride and the level of protection you want.

Third-Party Damages

A Third-Party Bike Insurance only covers for third-party related damages and losses. Therefore, your third-party insurance premium will only be dependent on third-party liabilities, the limit of which is predetermined by the IRDAI. 

Personal Accident Cover for Owner-Rider

Just like it’s mandatory to protect yourself with a helmet while riding, it is also mandatory to include a Personal Accident Cover in your bike insurance. 

CC of your Bike

The cc of your bike plays a huge factor in predicting your bike insurance premium. This is because the higher cc your bike has, the faster it can go and ultimately, the higher is its risk. In a Third-Party Bike Insurance, the premium is predetermined by the IRDAI based on different cc ranges.

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

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

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

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

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.