Bike Insurance Calculator
Calculate Bike Insurance Premium Online
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Bike insurance Online, starting ₹752
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9000+
Cashless Garages
1000 Crore+
Paid-in Claims
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
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.
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.
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.
Meaning
Importance
How to Use?
Benefits
Details Required
How to Calculate Bike Insurance Premium?
Example
Comprehensive Bike Insurance Calculator
Third Party Premium Rates
Third Party Premium Rates for EV
Mistakes to Avoid
Factors Determining Premium
Impact of Add Ons
Tips to Reduce Premium
How to Renew Bike Insurance?
Frequently Asked Questions
What are the Details Required to Calculate Two-Wheeler Insurance Premium?
- Enter your registration number
- The system will automatically fetch details like:
- Make
- Model
- Variant
- Year of manufacture
- Select the type of policy you want (e.g., Third‑Party, Own Damage, or Comprehensive).
- Choose any add-on covers (such as zero depreciation, roadside assistance, engine protect, etc.).
- Set the policy tenure (1 year, 3 years, or 5 years, depending on the plan).
- Apply your No Claim Bonus (NCB) if eligible.
- Finally, the calculator will auto‑calculate your insurance premium based on all the selected 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:
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?
A Comprehensive Two-Wheeler Insurance Premium Calculator is an online tool that helps you estimate the premium for a comprehensive two-wheeler insurance policy before purchasing it. Unlike a third-party-only policy, a comprehensive policy covers Own Damage (damage to your bike due to accidents, theft, fire, natural disasters) and Third-Party Liability (damage or injury caused to others)
The calculator uses several inputs to give an accurate premium quote, such as:
- Bike Age
- Deductibles
- Make & Model
- Insured Declared Value (IDV)
- Personal Accident (PA) Cover
- No Claim Bonus (NCB)
It instantly computes the premium and shows a customisable IDV, helping you balance cost vs coverage.
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,
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.
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.
Impact of Add-ons on Your Bike Insurance Premium
No deduction for depreciation during claims. Great for new bikes, but adds a noticeable cost.
Help when your bike breaks down. A small price for big peace of mind.
Covers engine damage from water or oil leaks. Useful in flood-prone areas, but costs extra.
Mandatory for owner-driver, adds a fixed amount.
Get the full invoice value if your bike is stolen or totaled. Premium goes up, but so does your security.
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.
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.
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.
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!
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.
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.
FAQs Related to Bike Insurance Calculator
How to calculate bike insurance premium online for new and used bike?
You can enter your bike registration details/model and location in the digit online calculator, and it will instantly show the premium for both new and used bikes.
Will the bike insurance premium increase if I raise a claim during the policy period?
Yes, if you raise a claim, you lose your No Claim Bonus, which makes your next premium higher.
How to buy bike insurance premium online?
You can calculate the premium, choose your plan, enter your details, pay online, and get the policy to your phone using the digit app.
What happens if I choose an incorrect IDV while using the two-wheeler insurance calculator?
If you select the wrong IDV, your premium and claim amount will be affected. Always choose the correct market value for your bike.
What is voluntary deductible in two-wheeler insurance and how is it beneficial?
Firstly, when you make a bike insurance claim, and it is cleared, there are two parts to the total claim payment made. One part is paid by us, and the other by you; your part is called an excess or a deductible. It can be a combination of compulsory (which is compulsory of course) and voluntary. Voluntary one is the additional amount you choose to pay during a bike insurance claim, over and above the amount that we have set for you to pay (the compulsory one). Why do people choose voluntary deductibles? People use it to bring down their two-wheeler insurance premiums.
What is compulsory excess in two wheeler insurance?
Compulsory excess is another word for deductible – the amount you pay as your part of the claim.
What do I need to consider before switching my insurance company online?
Important aspects to be considered before purchasing any policy are speed of claim settlement, approachability, cashless option, garage network, and claim settlement history of the company.
Do I need to submit any hardcopies during the purchase of a two wheeler insurance policy online?
For a new policy, you don’t have to submit any hardcopies as all documentation is done online.
How soon will the two wheeler insurance policy reach me if I buy it online?
Once the payment is done, the soft-copy of the policy will reach your mailbox.
What happens to my No Claim Bonus if I switch my insurance company?
Your NCB (No Claim Bonus) is for your good driving record. So, even if you change your two-wheeler insurance company, it stays with you.
Does buying online have any disadvantages?
No, it does not have any disadvantages. Rather, it is a smarter way to compare and buy the right two-wheeler insurance for yourself.
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