Bike Insurance Calculator
General
Calculate Two Wheeler Insurance Premium Instantly Online
What is a Bike Insurance Calculator?
A bike insurance calculator is an online tool to help you generate the right Two Wheeler Insurance premium for your two-wheeler. To get your final bike insurance premium, all you have to do is enter your bike's make and model, registration date, the city you ride in and of course, the type of bike insurance plan you want to go for and the bike insurance calculator will help generate the right quote for you. You can further customize this by opting for additional covers and adding your accumulated No Claim Bonus.
How to use Bike Insurance Premium Calculator?
Policyholders can use the bike insurance calculator to check the premium quote of their new and old bike insurance plans. Here’s a step by step explanation on how to use our premium calculator and get the right bike insurance for your bike!
Step 1
Enter your Bike’s Make, Model, Variant, Registration Date & the City you ride your bike in.
Step 2
Press ‘Get Quote’ and choose the plan of your choice.
Step 3
You can choose between a Third-Party Bike Policy or a Standard/Comprehensive Bike Policy.
Step 4
Tell us about your last Bike Insurance Policy- Date of Expiry, Claim History, NCB, etc.
Step 5
You will now see your policy premium on the bottom right of the page.
Step 6
If you’ve chosen a Standard Plan, you can set your IDV and customize your plan further by selecting add-ons like Zero Depreciation, Return to Invoice, Engine & Gear Protection, etc.
Step 7
You will now see your final premium calculated on the right side of the page.
Benefits of Bike Insurance Calculator
Why is it Important to Use a Bike Insurance Calculator?
When it comes to buying bike insurance, most of us want to get it done as quickly as possible. So, should you quickly pick the cheapest bike insurance out there or take some time and pick something suitable for your bike? The latter would be a better bet, and here’s why and how using a bike insurance premium calculator will help you do so:
Use Bike Insurance Calculator for New & Old Bikes
Bike Insurance Premium Calculator for New Bikes
Ultimately, it is your dear bike, and the least you can do for it is make an informed decision to protect it from all risks. A bike insurance premium calculator is transparent in its calculations and lets you see how your new bike insurance premium is determined.
Requirements for Calculating Insurance Premium for New Bikes
A bike insurance calculator considers the following details to calculate the premium of a new bike:
Make, model, and the variant of the bike
Date and city of registration of the bike
If you want to purchase any add-on covers
Name of the manufacturer
Year of manufacture
Deductibles
Bike Insurance Premium Calculator for Old Bikes
On the other hand, if you have an old bike, your bike insurance premium will be a lot less. This is not only because your bike may be old and worn out but also because the scope of add-ons would be less. For instance, if your bike is over five years old, your bike won’t be eligible for covers like the return to invoice or zero depreciation cover for your bike.
Requirements for Calculating Insurance Premium of Old Bikes
A bike insurance calculator considers the following details to calculate the premium of an old bike:
Make, model and variant of the bike
Date and city of registration of your bike
Claim history or No-claim Bonus (NCB)
Depreciation value
Current insurance policy details of the bike (if any)
Types of Bike Insurance Plans in India
Third Party
A Third-party Bike Insurance is one of the most common types of bike insurance;in which only damages & losses caused to a third-party person, vehicle or property are covered.
Comprehensive
A Comprehensive Bike Insurance is one of the most valuable types of bike insurance that covers both third-party liabilities and damages to your own bike as well.
Standalone Own Damage Plan
The Own Damage plan is for yourself – it covers loss and damage only to your own two-wheeler in case of accidents and collisions, natural calamities, fires, and thefts.
Comprehensive Bike Insurance Premium Calculator
Read more about the Important Components of a Comprehensive Bike Insurance Premium.
Third-Party Bike Insurance Premium Calculator
The Third-Party Bike Insurance is the minimum kind of bike insurance you’ll need as per the Motor Vehicles Act. It covers for only damages and losses against third parties, such as if your bike hits a person, damages a property or another vehicle.
Third Party Bike Insurance Premium Rates
|
Two Wheelers with engine capacity |
Premium rate |
|
Not exceeding 75cc |
₹538 |
|
Exceeding 75cc but not exceeding 150cc |
₹714 |
|
Exceeding 150cc but not exceeding 350cc |
₹1,366 |
|
Exceeding 350cc |
₹2,804 |
Factors Determining Two-Wheeler Insurance Premium
Your bike insurance premium depends on various factors, and the bike insurance calculator considers these factors to come up with the best premium quote. These include:
Type of Coverage - 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.
Bike’s Model/Make - 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.
Age of the Bike - 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.
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.
Add-on Covers - 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.
Modification of Bike - 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 Location - Further, if your vehicle’s RTO location is traffic-congested or more prone to accidents, you are liable to pay a higher premium.
Tips to Reduce your Bike Insurance Premium
Here are some tips and tricks to help reduce your bike insurance premium.
Why Customers Trust Digit Two-Wheeler Insurance?
8 Lacs+
Claims Settled
1000 Crore+
Paid-in Claims
96% Claims Settled
FY'25
9000+
Cashless Garages
Disclaimer: This count is for total number of claims settled for two wheeler policies since inception till 31st December-2024. This amount is for claims settled for two wheeler policies since inception till 31st December-2024. This Claim Settlement Ratio is calculated for Overall Motor line of business of Digit. CSR Is calculated for FY 24-25. CSR Ratio is count of (Claims paid + Claims Closed) / (Claims O/S at Start + Claims Reported - Claims O/S at End). The total count of network garages as of 31st December 2024.
Why Choose Bike Insurance by Digit?
Your bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement
Cashless Repairs
4400+ Cashless Network Garages for you to choose from across India
Smartphone-enabled Self Inspection
Quick and Paperless claims process through a Smartphone-enabled self-inspection process
Super-fast Claims
Average turn around time for two-wheeler claims is 11 days
Customize your Vehicle IDV
With us, you can customize your vehicle IDV as per your choice!
24*7 Support
24*7 call facility even on National Holidays
Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25
Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25
When it came to motor insurance specifically, Digit showcased a high-efficiency Claims Settlement Ratio (CSR), with 96% of motor claims settled seamlessly and we make this simple with:
Smartphone-enabled self-inspection process, with which you can file your claim in minutes!
Cashless Claims at over 9000+ garages in India, so you can get your two-wheeler fixed without stress.
Everything digital and paperless. No need for hard copies—just upload everything on our app, and you're all set!
Key Features of Two Wheeler Insurance by Digit
|
Key Features |
Digit Benefit |
|
Premium |
Starting from ₹714 |
|
No Claim Bonus |
Up to 50% Discount |
|
Customizable Add-Ons |
7 Add-ons available |
|
Cashless Repairs |
Available at 4400+ Garages |
|
Claim Process |
Smartphone-enabled Claim process. Can be done online within 7 minutes! |
|
Own Damage Cover |
Available |
|
Damages to Third-Party |
Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages |
Interesting Insights & Claim Stories of Digit Customers
A Digit Two Wheler Insurance customer received a total loss claim of ₹3.22 Lakh in Bengaluru
In a recent case from Bengaluru, one of our policyholders experienced a total loss after their two-wheeler was severely damaged. Fortunately, the vehicle was insured, and we processed a claim payout of ₹3.22 lakh. This case highlights the importance of having dependable insurance coverage to stay prepared for life’s unexpected turns.
Digit Settled a third party claim worth 1.12 crores in Hoshiarpur, Punjab
In a recent case from Hoshiarpur, one of our policyholders was involved in a two-wheeler accident that tragically resulted in a third-party fatality. In this case, the vehicle was covered under a valid third-party insurance policy, and we processed a claim payout of ₹1.12 crore to address the resulting liability. This case highlights the vital role third-party insurance plays—even for smaller vehicles like two-wheelers—in offering essential protection during unforeseen events.
Rat Attacks on Two Wheelers on the Rise
In Surat, a bike owner faced an unusual problem—rats chewed through the wire harness not once, but twice in a single year, all while the vehicle was parked safely at home! Thankfully, the insurance policy included coverage for such unexpected damages. Both times, the repair costs were fully covered, saving the owner from out-of-pocket expenses.
This case proves that insurance isn’t just for accidents or theft—it also protects against the most unexpected (and smallest) threats.
From Everyday Drives to Luxury Rides – Digit is the Trusted Insurance Choice
This year, we received some standout premium payments across different vehicle types. A Ferrari topped the list in the four-wheeler category with a premium of ₹8.04 lakh. In the two-wheeler segment, a Hayabusa was insured with a premium of ₹44,000. And in the commercial vehicle category, a Volvo L150 wheel loader was covered with a premium of ₹3.53 lakh. This highlights how our insurance scales to match the value and purpose of every vehicle, whether it’s built for speed, style or strength.
With us, get access to VIP claims
After you buy or renew our two wheeler insurance plan, you live tension free as we have a 3-step, completely digital claims process!
Step 1
Just call on 1800-258-5956. No forms to be filled.
Step 2
Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.
Step 3
Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.
How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter?
How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter?
At Digit, we believe filing a motor insurance claim should be simple, not stressful. That’s why we’ve built intelligent automation into every step of the process—so you can get back on the road, faster.
- AI That Sees What You See: When you upload a video of the damage through our app, our AI doesn’t just watch—it analyses. Using advanced image recognition, it assesses the extent of the damage, classifies it, and helps determine the next steps. This means quicker evaluations, fewer delays, and a smoother experience for you.
- Automated Document Processing: From inspection reports to claim forms, our AI systems automatically sort and process your documents. This reduces manual effort, minimises errors, and speeds up approvals. And with a human-in-the-loop approach, we ensure every claim is handled with both precision and empathy.
- Automation That Works Behind the Scenes: Our systems also fetch claim details directly from partner platforms, eliminating the need for repetitive data entry. Whether it’s Bulk Policy Issuance or real-time claim registration, automation helps us move faster—so you don’t have to wait.
73% Two Wheeler Repair Work Approvals done within 12 hours
73% Two Wheeler Repair Work Approvals done within 12 hours
- In H2 FY25, our average two-wheeler repair approval time was 14 hours and 32 minutes, with 73% of approvals completed within 12 hours. Only a few cases experienced longer wait times, typically due to complex assessments or the need for additional documentation, highlighting our commitment to minimising delays and maximising efficiency.
- Rest assured, we carefully monitor every step to ensure your two-wheeler is back on the road as swiftly as possible!
Digit Settled 9.16 Lakh Claims with 99.9950% Accuracy in FY'25
The below data is for all the products as given in the table below.
Settled 9.16 Lakh Claims Settled
That’s how many times we showed up for our customers in FY 2024–25. Behind each of those numbers is a mishap, and we were right there, making sure things got sorted quickly.
Out of these, nearly ₹6.52 lakh were motor insurance claims alone—proof that we’re there when it matters most, whether it’s something trivial or serious.
₹4,622 Crore Paid in Claims
From minor hiccups to major emergencies, we made sure our customers didn’t have to carry the financial burden alone. Quick settlements, zero confusion, and real peace of mind.
Of this, ₹2,199 crore was paid out under motor insurance, covering everything from accidents to unexpected situations like rat damage.
99.9950% Claims Accuracy
Out of 9.16 lakh claims in FY 2024–25, only 256 were escalated to the Hon’ble Ombudsman^. Out of which only 46# were escalated and ruled in favour of the customer. This significantly proves the claim's accuracy rate of 99.9950%.
For Motor Claims, out of 256 escalated claims for Digit, just 124 were motor-related. By year-end, 104 motor claims were closed, with 28 resolved through mediation. Only 26 health claim decisions went in favour of customers.
Ombudsman Complaints for FY 2024-25
The below information is a summary of escalated claim cases reviewed by the Hon’ble Ombudsman in FY 2024–25.
Disclaimer: ^This data pertains to cases reported to various offices of the Hon’ble Insurance Ombudsman. Customers have the option to approach the Consumer forum as well; #Only includes complaints arising from claims. The company had a total of 11 complaints arising from non-claims, i.e., policy-related grievances (5 won, 2 settled, 1 lost, and 3 outstanding). One non-claim complaint where the decision went in favour of the complainant is not included in the numerator while calculating claims accuracy.
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