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A bike insurance premium calculator is an online tool that allows you to calculate the bike insurance premium you'll need to pay to receive the desired coverage under your Raheja QBE bike insurance policy. Simply enter your bike's details into the premium calculator, and the correct premium will be displayed on your screen. It's a helpful tool that allows you to compare available plans to help you pick the suitable one.
How To Use a Two-Wheeler Insurance Premium Calculator?
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.
Correct Value of Your Bike: 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.
Choice of Add-ons:You can customize your policy's coverage by incorporating the add-ons you want. Our premium calculator will help you check the prices of the chosen add-ons and our experts can help you understand the complete benefits of the chosen add-ons. Get in touch with us today!
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
Insured Declared Value (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.
Age of the Bike: 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.
Add-On Benefits: Add-ons are optional benefits that you can purchase in addition to your bike insurance policy to receive additional coverage. These extra benefits are to be added individually and thus cost extra.
Frequently Asked Questions
1.Why should I use the premium calculator for bike insurance?
You can quickly calculate the premium amount and IDV offered by several insurance companies using the bike insurance premium calculator. It will help you in choosing a better bike insurance policy.
2. In the premium calculator, what information should I provide to find out the premium?
To use the premium calculator, you'll need to enter information such as your bike's make, model, and variant, as well as the fuel type, RTO location, engine size, and registration year.
3. What is the maximum compensation which is offered as part of the third-party policy?
Compensate offered as part of third-party liability depends on liability suffered. Personal damage caused to a third partyis compensated unlimited and property damage caused to a third-party vehicle or property is subjected to a maximumof 7,50,000.
Buying two-wheeler insurance online saves time and effort, and it can be done from any location at any time.