What Is a Two-Wheeler Insurance Premium Calculator?

A bike insurance premium calculator is a digital tool that calculates the appropriate premium for your New India bike insurance policy. To calculate the correct premium amount, simply provide some basic information such as the bike's make, model, RTO location, and registration year. By providing these facts, the calculator will calculate the appropriate premium for your insurance policy.

How To Use a Two-WheelerInsurance 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 the ‘Continue’ button.
  4. Enter the previous year’s policy details and claim details (if any)
  5. Select add-ons as per your requirement (if applicable)
  6. Bike insurance premium calculator will now display quotations from multiple insurers
  7. Calculate Now

Benefits of Two-WheelerInsurance Premium Calculator

Easy, Quick, and Paperless: 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. The insurance premium calculator tool is integrated online and does not require any paperwork.

Accurate IDV: Your plan's IDV (value of the bike) is a critical component. In the event of theft or total loss of your car, this is the maximum compensation you will receive. Your premium is determined by the IDV of your bike insurance policy. You can set the IDV of your plan using our bike insurance calculator, based on the parameters of your bike and your preferences.

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.

Helps To Choose a Cost-Effective Plan: When you use the premium calculator to get quotes from top insurers for your bike insurance, you can choose the most cost-effective plan based on your budget and requirements. It allows you to get a good deal. With Quickinsure, this process is easier. Our experts are available to help you choose the plan that is the best fit for you.

Factors that Determine Two-Wheeler Insurance Premiums

Anti-Theft Equipment: 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.

Registration Location: In India, RTO locations are classified as Tier 1, 2, or 3 according to traffic density, which in turn affects the accident rate. As a result, insurance premiums in Tier 1 cities are higher than in Tier 2 and Tier 3 cities.

Insured Declared Value: 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.

Engine 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 primary aim of the bike insurance premium calculator?

An insurance premium calculator is a tool that will assist you in calculating the IDV value and premium amount offered by various insurers in the market to protect your two-wheeler. It will give you an idea of which bike insurance policy is ideal for you.

2. Can I calculate my second-hand bike insurance premium online?

Yes, you can calculate your second-hand bike insurance premium online with the help of a bike insurance premium calculator by just entering a few details about your bike.

3. Can premium calculators only calculate premiums for a new bike?

No, the premium calculator calculates and displays the premium and IDV for both new and used bikes.

4. How to calculate old bike insurance premiums using a premium calculator?

To calculate your bike insurance premium calculator just enter some basic details like make mode,sub-model, registration date, fuel type, previous year policy details, and which type of insurance you want to renew that is a third party or comprehensive.


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