Before you choose a bike insurance policy for your newly-purchased bike, you must check the premium charged by different insurance companies using a bike insurance premium calculator. Shraddha Sharma. When it comes to buying a bike insurance, most of us want to get it done as quickly as possible. Well, there are two types of two-wheeler insurance: 'Third-Party Insurance' and 'Comprehensive Insurance'. Third-party insurance premium rates for two-wheeler EVs For an electric vehicle not exceeding 3 KW, the rate for a one-year policy is Rs 410 and the premium rate for a long term policy is Rs 888. This is very good! 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! Bhaaskar Lokhande, Sh Rather it is a smarter way to compare and buy the right two wheeler insurance for yourself. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. Thanks for correction done in time and really Appreciated....!! Talking it out always helps. Overall I had a good experience with Policybazaar. This is because it not only helps you understand how different factors can affect your bike insurance premium but, how the right combination of factors can help you choose a plan that will protect your bike optimally. Insurance providers charge a higher premium for comprehensive two wheeler insurance policies since the latter offers enhanced coverage. Policy buyers get a discount on the premium amount if they opt for voluntary deductibles. While using a two wheeler insurance premium calculator, you’ll notice how certain change in factors can increase or decrease your bike insurance premium. A third-party two-wheeler insurance premium is not different from a regular bike insurance premium calculator tool. 'I know my Registration number' : 'Don’t know Registration number? CIN: U66010PN2016PLC167410, IRDAI Reg. We Would love to interact with you, Fill-in the details of your motorcycle, such as make & model, variant and bike displacement, Enter the ex-showroom price, city of registration and purchase year of your bike, Select if you’ve made a bike insurance claim in the past and submit the details, The insured declared value (IDV) and premium quotes for your bike will be shown, You can choose the two wheeler insurance plan that you want to buy, Select if you want comprehensive coverage or liability-only coverage, Choose any add-on covers that you want to purchase, The final premium amount for your two wheeler will be displayed on the screen, Personal Accident (PA) cover for the owner-driver. Bh Q: In how much time will I get my bike insurance policy if purchased online? The premium amounts of two wheeler stated is … This is because the higher cc your bike has, the faster it can go and ultimately, the higher is its risk. 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). Read more about the Important Components of a Comprehensive Bike Insurance Premium. Several factors contribute to calculating a two-wheeler insurance premium. The third-party premium rates depend on the engine capacity of your vehicle. Why do people choose voluntary deductible? This coverage of your comprehensive bike insurance premium is determined by the kind of bike you ride (make, model, age, cc) and the city you ride it in. Therefore, a third party bike insurance calculator allows a bike owner to check the premium charged by different insurance companies for third party bike insurance. Two Wheeler Insurance Premium Calculator. Fill in these details correctly, agree to their terms, and then click on the ‘Calculate’ button to check the two-wheeler insurance premium quote. For every claim-free year, your bike insurer will reward you with a discount, starting from 20% off for your first claim-free year. You can choose between a Third-Party Bike Policy or a Standard/Comprehensive Bike Policy. Add-Ons and Covers are an awesome way to add an extra layer of protection to your bike, but it also increases your bike insurance premium. Accordingly Liability Insurance cover is mandatory cover for vehicles. not claimed since 5 years). Cashless option for your two wheeler repairs 158. Ra So even if you change the insurance company, it will stay with you as it will be transferred to your new insurance policy. 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. I agree to the  You can accordingly try different options and see what works best for you and your bike! Whether you are buying bike insurance for the first time for a new bike or getting the insurance for your old bike renewed, you can use a bike insurance premium calculator. not claimed since 5 years). Based on the kind of protection you’re looking for your bike, you can customize your comprehensive bike policy with add-on covers such as a zero-depreciation cover, return to invoice cover, breakdown assistance, etc. You can get your bike insurance premium amount by simply entering your two-wheelers make and model, date of registration, city of registration, type of bike insurance policy i.e. You will now see your final premium calculated on the right side of the page. https://www.bankbazaar.com/insurance/car-insurance-calculator.html As the bike ages, the premium for bike insurance reduces. The two-wheeler third party insurance is the traditional insurance scheme, and every law-abiding rider should get his vehicle insured through this policy. In a comprehensive bike insurance policy, the amount of your share is optional. Standard T&C apply. Two Wheeler Insurance Premium Calculator A two-wheeler or bike insurance calculator helps you to calculate the insurance amount and the premium so that you can compare multiple service providers and choose the one best for you. On the other hand, if you have an old bike, your bike insurance premium will be a lot letter. Moreover, older bikes have lesser options of add-on covers, further reducing any chances of a higher premium. Two Wheeler Insurance Premium Calculator is a tool to calculate the premium value and and IDV for your bike. Network connectivity- Not your phone one but the service center network. Select the type of policy (comprehensive or third-party) and choose add-ons (if needed). Approachability- Again, hours of waiting to talk to the customer care is not done! LIFE IS EASY WITH YOU..!! You need to check if the customer assistance is available 24x7 or only for a fixed time period. On the contrary, it is extremely beneficial as it helps to save time, save money, more convenient and is more safer. Good you’re doing that! One part is paid by us and other by you, your part is called an excess or a deductible. Your bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement, Quick and Paperless claims process through a Smartphone-enabled self-inspection process, 1000+ Cashless Network Garages for you to choose from across India, Average turn around time for two-wheeler claims is 11 days, 24*7 call facility even on National Holidays. Thus, bike owners can check and compare the prices of two wheeler insurance using a bike insurance premium calculator. This is not only because your bike may be a old and a bit worn out but, because the scope of add-ons available too would be less. You can compare two-wheeler insurance premium rates online, either by visiting various insurance providers’ websites separately or checking out the rates on insurance aggregators websites. Enter your Bike’s Make, Model, Variant, Registration Date & the City you ride your bike in. A Two Wheeler Third Party Insurance policy is designed to protect you against damages (including death, bodily harm, injury or death, and damage to property) to a third party due to an accident involving your two-wheeler. This one’s pretty obvious. For example; if you get into an accident or your bike gets damaged due to the floods. IRDAI changes the price every year. In addition to evaluating premiums for four wheelers, these can also be used for two wheelers. Tip: Don’t get greedy and use this feature just to lower your two wheeler insurance premium. 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