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Articles » Two wheeler Insurance » Bike Insurance Premium Calculator – Two Wheeler IDV Calculator
bike insurance premium calculator

Bike Insurance Premium Calculator

In India, there are many different numbers of bike insurance policies offered by renowned two wheeler insurance companies.

With the help of bike insurance premium & IDV calculator, you can choose the best two wheeler policy based on your needs and requirements.

Two wheeler insurance is mandatory under the Motor Vehicle Act in India. While taking two wheeler insurance it will protect your vehicle against theft, fire, and any other accidental damages etc.

It also provides protection to the people injured people due to an accident.

Two wheeler insurance plan is applicable to all types of bikes like mopeds, scooter, motorbike etc.

Bike insurance calculator calculates premium of a bike and also helps to calculate quotes from different insurers by comparing with the huge plans available from the information provided.

To get the right premium from the bike insurance you will have to enter the basic two-wheeler details such as bike registration number, engine number, chassis number, bike model, the name of the company that makes bikes, registration details (RTO).

When you feel up the details in the bike insurance calculator, then you can see the policy details and premiums from different insurers.

You can compare policies, premium breakups and premium amount charge for each and every feature.

Also read: HDFC Ergo Two Wheeler Insurance

Bike Insurance Premium (IDV) Calculator

The Bike insurance premium calculator is defined as an amount of money insured that is required to pay periodically to an insurer to avail the benefits under his bike insurance policy.

How we get can competitive quotes for your bike insurance from top insurance?

   Here, comes the role of a bike insurance premium calculator!

By comparing new bike insurance policies with old ones, nowadays it becomes much easy with an online premium calculator in India.

Now put the light on the online insurance calculator and how it is used in certain bike insurance premium.

Depending on your insurance requires you can calculate your two-wheeler premium rate by using bike insurance calculator.

You can simply check and apply for the best bike insurance policy online.

There is a wide number of companies that offer a bike insurance calculator for the customers so they can calculate their premium instantly.

For calculating the bike insurance premium you have to enter your bike registration number, your email, and your number. And that’s enough!

Then comes a quote in front of you!

Also read our blog on Tata Aig Two Wheeler Insurance.

Bike Insurance Premium Calculator

Bike Insurance Premium Calculator In India

   Two-wheeler insurance is the perfect solution for your cover. Moreover, in India, it is compulsory to get your bike insured, so it is required to get the best insurance policy.

It is very easy to get two wheeler insurance however to get the right fit for your requirements and your bike, needs some brainstorming session and here a bike insurance calculator plays a crucial role.

You can get two wheeler insurance policy online is an excellent alternative because it is transparent, there is no paperwork required.

Bike insurance calculator is a very fast process and is usually much cheaper.

It is very easy to evaluate different two wheeler insurance premiums online by going on different websites of insurance providers’ or you can simply check the rates on Renew Buy’s two-wheeler insurance premium calculator.

Just fill some details about your bike like an age of two-wheeler,  just zone where the registration is done, bike cubic capacity and the Insured Declared Value (IDV) of the two-wheeler and the bike insurance premium calculator will do rest.

You can choose the insurance policy which suits you the best and you can pay the premium online from home either by using credit/debit card or through net banking.

Online Bike Insurance Calculator:

     While buying an insurance plan, you can use an online bike premium insurance calculator.

It will help you to evaluate your need and provide you with the best insurance options.

Bike insurance calculator is easy to use. You just have to provide some valid information about your own vehicle.

Then you can find plenty of calculators online, that you can use free. Simply feel required information about your bike.

For instance-

  • Registration zone
  • Cubic capacity of your vehicle
  • Age of the vehicle
  • IDV of the vehicle

In detail,  IDV (Insured Declared Value) is the cost that you will get from your insurer in the event of any damage, theft, fire etc.

The insurer calculates IDV by applying the depreciated rate from showroom’s listed price and it doesn’t cover insurance cost and registration.

You can also calculate this amount online and also pay it by using credit/debit card via NEFT.

Which factors need to decide your Bike Insurance Premium?

Nowadays, according to the Motor Vehicle Act, Third-party Bike Insurance is mandatory for every Two-wheeler owner.

So, calculating your annual premium for third-party insurance of two-wheeler has become possible.

Third-party insurance provides legal liabilities that will be out of loss or damages caused due to third-party.

Again,  your bike insurance should also cover all natural damages, man-made damages, and accidental covers.

Every insurance plan has a different plan of premium rates, which can be calculated based on certain factors.

The premium you will be going to pay for your bike insurance is different for the bike to bike and from owner to owner.

You will have to consider the mentioned factors below that influence the premium.

  •  Higher the deductibles,  lesser the premium you have to pay
  • Model of your vehicle will decide the premium
  • Adding the safety devices like the anti-theft device and key lock

Also read: National Two Wheeler Insurance

Bike Insurance Premium Calculator

Bike Insurance Premium Calculator

A bike is one of the best precious assets that one you can own, whether you like an automobile or simply a daily commuter to your workplace.

Like assets this needs to be secured and protected, especially owing to the wide emotional, financial and legal issues that can arise due to accidents and other vehicle mishaps.

So, this is why  Bike Insurance Calculator wants to help you secure your future by enabling you to purchase the best-suited bike insurance plan for your vehicle.

So, now you can use the bike insurance premium calculator to define and customize your path towards security and confidence.

Why we use The Bike Insurance Premium Calculator in the first place?

   Bike Insurance calculator is a crucial and necessary tool for taking control of the benefits that your bike insurance policy offers as well as the timely renewal of your current policy.

Time to time renewal of your bike insurance policy is significant because it enables you to define a new premium amount based on your experience with the current policy.

Moreover, the two-wheeler insurance calculator will allow you to avail discounts and other benefits in case your vehicle has been integrated with anti-theft accessories.

If you are a first-time insurance buyer, then the bike insurance premium calculator will help you with choosing the perfect insurance policy.

Bike Insurance Online Calculator

You can compare a range of bike insurance policies offered by renowned two wheeler insurance companies in India.

You can choose the best two wheeler insurance policies online by using bike insurance online calculator.

  • Instantly calculate bike insurance premium calculator.
  • Compare multiple number of two-wheeler insurance online.
  • Get free bike insurance quote.
  • Use two-wheeler insurance premium online calculator and save the maximum annual premium.

Use two-wheeler insurance premium online calculator and save the maximum annual premium.

Benefits Of Online Insurance:

  • In this process, the middleman is not required.
  • It is the quickest method and less paperwork is required.
  • With the help of insurance aggregators, online website and compare insurance quotes via bike insurance calculator.
  • Time-saving and easy procedure.
  • The calculator used is free of cost.
  • Using a bike insurance premium calculator, prior to buying a plan makes the overall process easy and convenient for the buyer.
  • You can make a comparison of premium rates and choose the best plan.
  • No need to take the decision under influence of the agents.

Also read: Two Wheeler Insurance Renewal

Importance of Bike Insurance Calculator:

Use of Bike Insurance Calculator is important before buying any policy because-

  • You become well informed about the market and the players.
  • With the help of bike insurance calculator, your policy buying procedure makes easy.

How does Bike Insurance Calculator benefit you?

   Bike insurance is not a novel term to bike owners, especially in India, where the Motor Vehicle Act has made it mandatory to buy one before riding the bike on road.

However, it should not be bought out of compulsion only. You must know the benefits that come along with a bike insurance policy.  

But buying the right policy is not everyone’s trophy of tea. Even if someone buys a policy, most of the time, they end up compromising on the services.

Why do you need to be alert while buying a plan?

The financial terms may appear difficult and you may get confused.

So, we often notice that most people are attracted to plans that are being offered at an affordable price.

However, that is not the case that happens to everyone.

There are lots of people who believe in doing their own research and find buying bike insurance online more convenient.

But, if your self-research is insufficient and your online purchase turned out to be a wrong decision?  

Are you sure that the plan you recently bought online will be sufficient for your needs?

What if the insurer fails to stick to their assurance that they had created at the time of buying?

While investing something means you have to allocate a portion of your hard-earned money to save your future, you always want to do deal with the adequate services. But you don’t know that how to buy the right policy?

Then, here comes Bike Insurance Calculator that solves all your queries.

Before taking the jump into the matter, let’s take a brief knowledge on how insurance works in India.

Bike Insurance Premium Calculator

How to use Bike Insurance Calculator?

When there is a need to take bike insurance plan then use online bike insurance calculator.

It will help you to evaluate your need and provide you with the best available insurance options.

Bike Insurance Calculator is very easy to use.

You just have to provide some valid information of your own vehicle.

Then you will find a number of calculators online, which you can use free. Simply you have to fill some required information about your bike.

Following are some required points that you have to fill while using Bike Insurance calculator-

  1. Insured Declared Value (IDV) of Bike
  2. Cubic Or Cylinder Capacity (CC) of your Bike
  3. Registration details
  4. Age of the vehicle

IDV is the cost of your vehicle that you will receive from your insurer in case of any damages of your vehicle, theft, fire etc.

You can also calculate this amount online and pay it by using credit/debit or through net banking in which you are suitable.

Also read: Two Wheeler Insurance Online

Bike Third-Party Insurance Calculator:

“The third-party insurance is defined as a policy that protects riders against any damages caused due to the third party”.

In India, it is mandatory to have a third party two-wheeler insurance when riding a two-wheeled vehicle.

Difference Between Comprehensive and Third party insurance:

   If the bike is brand new and expensive, a Comprehensive cover is the best option.

While third-party insurance covers damages to the third-party vehicle, injuries caused to other people in an accident, as well as damage to third-party property.

A Comprehensive bike insurance plan has two essential components.

In that own damage (OD) premium and third party (TP) premium.

Own damage premium: The own damage premium is the part of premium fixed as per insured declared value (IDV) of your bike.

In Comprehensive Insurance, in case of your vehicle lost due to theft or in fire then you will get fully IDV covered from the insurer.

Third Party Bike Insurance Premium Calculator:

   The third-party liability cover is decided by the Insurance Regulatory and Development Authority of India (IRDA).

With the help of bike insurance calculator, you can calculate the premium of your vehicle.

The premium calculated by two-wheeler is based on the engine Cubic Capacity (CC). Price will be changed every year by IRDA.

Why is it important to calculate premium exploitation bike insurance calculator before you buy an insurance policy?

   If you are unsure about calculating your insurance premium then remember how we scan the internet while buying anything from online.

It is the same with insurance policies.

Bike insurance calculator will help to access your bike details and scan various insurer quotes to display the right plans available for you.

How to do Bike Insurance Policy Renewal and Premium Calculation?

   With the help of bike insurance premium calculator, you can evaluate your needs and align them with the policies that are offered by the company.

However proper use of this tool, there are certain pieces of information that you need to provide.

This information includes the age of your bike or vehicle, the registration zone, the cubic or cylinder capacity (CC) and the Calculate IDV of the bike.

Moreover, you also remember various elements that can determine your bike insurance premium while using the premium calculator.

You have been sure about considering aspects such as the condition of your bike, model of your bike while choosing your bike insurance quotes.

Also read: HDFC Car Insurance


   So, here we can conclude that with the help of Bike-Insurance Calculator, you can see the premium rates of different insurance companies through an online portal.

You can choose the best plan you like. You can save your time and money too.

By using the online Bike-Insurance Premium IDV Calculator you have to be secured from fraud agents.

Get your two wheeler insured now.

Bike Insurance Premium Calculator

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