What Is A Two-Wheeler Insurance Premium Calculator?

The Two Wheeler Insurance Premium Calculator makes choosing an insurance plan simple and straightforward. Rather than sitting over the calculator for hours attempting to figure out the premium amount, simply enter a few essential details and the calculator will do the rest. Bajaj Allianz bike insurance calculator is quick, easy and effective.

How To Use a Two-Wheeler Insurance Premium Calculator?

  1. Add details such as make, model, fuel type, and registration date
  2. Make sure that you have entered all details as per the registration certificate
  3. Add registration location and click on ‘Continue’ button.
  4. Enter the previous year’s policy details and claim details (if any)
  5. Select addons as per your requirement (if applicable)
  6. Bike insurance premium calculator will now display quotations from multiple insurers
  7. Calculate Now

Benefits of Two-Wheeler Insurance Premium Calculator

Easy and Quick: We understand if spending your weekend on difficult arithmetic isn't your idea of fun.  Two-Wheeler Insurance Calculator is quick, simple, and requires no math.

No Paperwork: The insurance premium calculator tool is integrated online and does not require any paperwork.

Make an Informed Choice:  The premium calculator calculates the right value for your bike and the premium for your insurance policy. This allows you to compare insurance rates online and select the best plan for your bike. Calculate here.

Makes it Easier to Plan Ahead: Making a monthly budget allows you to manage your spending and stay on track. You can factor in the premium amount when budgeting using the two-wheeler insurance calculator.

Free of Cost: The premium calculator tool is completely free of cost. Just enter a few details about the bike and get the premium in just a few clicks.

Factors that Determine Two-Wheeler Insurance Premiums

Insured Declared Worth (IDV): The IDV refers to the bike's current market value, which insurance companies are legally obligated to offer policyholders as compensation in the event of theft or total loss. The more the IDV, the greater the coverage, and the greater the price.

Anti-Theft Devices: Bikes with anti-theft devices are charged a lower premium since they are less likely to be stolen, lowering the insurance provider's risk of coverage.

No Claim Bonus: For each year without a claim, the insurance company rewards policyholders with a discount, starting at 20% for the first year to up to 50 %. A higher NCB discount will lessen the insurance premium.

Cubic Capacity: A bike with a large cubic capacity has more power, which allows it to run quicker, increasing the risk. As a result, insurance firms charge higher premiums for high-cubic-capacity bikes, such as sports bikes.

Bike Age: The year a bike was first registered has an impact on the premium amount. The automatic depreciation reduces the value of an old bike, lowering the insurance company's settlement amount. It means that the premium cost for old bikes is cheaper than for new bikes.

Frequently Asked Questions

1. What is the No Claim Bonus under Bajaj Allianz bike insurance premium?

NCB or no claim bonus is a bonus reward to the policyholder or owner of a two-wheeler for not making any claims in policy tenure. The NCB acts as a discount on your next-year premium.

2. Is bike insurance mandatory in India?

Yes, bike Insurance is mandatory in India. It is compulsory to have at least third-party coverage to protect the policyholder from third-party loss or damage due to an accident.

3. How many types of motor insurance are there?

There are three types of motor insurance in India. Third-party insurance, comprehensive insurance, stand-alone own damage insurance.

4. What are the advantages of buying two-wheeler insurance online?

Buying two-wheeler insurance online helps you save time, it is hassle-free and purchases can be done from anywhere, anytime.

5. What is third-party bike insurance?

Third-party bike insurance is where only damages caused to a third-party person, vehicle, or property are covered.


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