Digit Two Wheeler Insurance Premium Calculator

Digit Bike Insurance

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Digit Two Wheeler Insurance Premium Calculator

What is a Bike Insurance Premium Calculator?

A bike insurance premium calculator is an online or digital mechanism that provides you with the right premium for Digit bike insurance policy. You just need to fill in some basic details like the make, model, RTO location, registration year of your bike, etc., to get the right premium cost. Entering these details will make the calculator show you the right premium of your bike insurance plan.

How to Use a Two Wheeler Insurance Premium Calculator?

Step 1: Choose the Make, Model, Variant and Fuel Type of your bike.

Step 2: Choose the Registration City and Purchase Year of your bike.

Step 3: Tell us, if you have made any claim request in the previous policy term.

Step 4: Click on the ‘Calculate’ button and get the right IDV and premium for your bike insurance plan.

Benefits of Two Wheeler Insurance Premium Calculator

  1. Correct Insured Declared Value (IDV) – The premium calculator gets you the right IDV based on the make, model and age of your bike. The correct value of IDV helps you get the market price of your bike which you should get as the claim amount in case of your bike’s theft or total loss.
  2. Accurate Premium Amount – The real purpose of this calculator is to get the actual premium amount for the bike insurance plans of different insurers. With the information of the right premium, you can select the best-priced insurance plan for your bike after comparing different plans.
  3. Improves Decision Making – The premium calculator assists you make right decisions for bike insurance policy purchase after comparing different types of insurance providers based on the IDV and premium cost.
  4. Helps Find A Economical Policy – The premium costs of multiple bike insurance policies computed with this calculator can make you find the plans at the most reasonable rates as it allows you to compare the policy quotes of different insurance providers.

Third Party Two Wheeler Insurance Premium Rates

Engine Capacity

Premium To Buy A New Policy (5-Year Plan)

Premium To Renew Existing Policy (1-Year Plan)

Not exceeding 75 cc

Rs. 1,045

Rs. 482

Exceeding 75 cc but not exceeding 150 cc

Rs. 3,285

Rs. 752

Exceeding 150 cc but not exceeding 350 cc

Rs. 5,453

Rs. 1,193

Exceeding 350 cc

Rs. 13,034

Rs. 2,323

(Source: Insurance Regulatory and Development Authority of India (IRDAI))

Premium for Comprehensive and Standalone Own-Damage Bike Insurance Plan

The bike insurance premium amount for standalone own-damage and comprehensive insurance plans is based on different factors, which include make, model, variant, fuel type, engine capacity, registration year and so on. You can get the premium of your bike instantly with our premium calculator. Go through the factors given below to have a better understanding while computing your premium:

Factors Which Determine Two Wheeler Insurance Premium

  1. Insured Declared Value (IDV) - The IDV refers to the current market value of the bike, which the insurance providers are entitled to offer its policyholders as compensation in the case of theft or total loss. The more the IDV will be, the higher the coverage will be, which will ultimately increase the premium amount.
  2. Anti-Theft Devices - Bikes that have anti-theft devices installed in them are charged with a low amount of premium as they have less chances of being stolen, which reduces the coverage risk on the insurance providers.
  3. No Claim Bonus (NCB) - For every claim free year, the insurance company offers a reward in terms of discount to its policyholders starting from 20% off for the first claim-free year and reaches to 50%. It means that the higher NCB will lessen the bike insurance premiums.
  4. Engine Cubic Capacity - The high cubic capacity of a bike increases its power due to which it can run faster that enhances the risk. Therefore, the insurance companies charge a higher premium from the bikes with high cubic capacity like sports bikes, etc.
  5. Age of the Bike - The year of registration of a bike also impacts its premium amount. The default depreciation will lessen the value of an old bike, which will reduce the compensation amount to be offered by the insurance company. It means old bikes are charged with a lower premium cost than the new bikes.

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When did you buy your bike?
20042019
Have you made a claim in the previous year?

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Digit Bike Insurance User Reviews

121 reviews Write a Review
  • Renewed my plan in no time

    I got my Digit insurance policy that I bought to protect my Hero Maestro Edge 125 bike renewed in just a few minutes at InsuranceDekho platform. I am ...

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    R
    Rohan Kumar Jha
    On: August 6, 2020 | Views
  • Multiple add-on options

    The InsuranceDekho portal holds a wide range of add-on options for Digit bike insurance. The insurance platform offered me different options to choose...

    Read More
    H
    Hemant Mahajan
    On: August 5, 2020 | Views
  • Instant issuance procedure

    The InsuranceDekho platform issued the Digit bike insurance policy in a few minutes to secure my TVS Star City Plus bike, in no time after the payment...

    Read More
    U
    Udit Kumar Jain
    On: August 4, 2020 | Views
  • Secured payment gateways

    I bought a Digit insurance policy from InsuranceDekho platform for my Suzuki Access 125 bike. The insurance portal offered me secured and safe payment...

    Read More
    D
    Devendra Kapoor
    On: July 30, 2020 | Views
  • Strong network of garages

    InsuranceDekho team advised me to purchase a Digit insurance policy as it holds a strong network of garages, which later helped me get my TVS Apache b...

    Read More
    A
    Akhil Tomar
    On: July 29, 2020 | Views
  • Great customer assistance!

    The customer support team of InsuranceDekho has been delivering me a great level of assistance since I have purchased a Digit insurance plan for my TV...

    Read More
    P
    Prashant Kumar
    On: July 28, 2020 | Views
  • Liked the policy benefits

    I bought a Digit bike insurance policy for my Hero Glamour bike at InsuranceDekho. The policy is an affordable one and covers me for many expenses in ...

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    A
    Anchal Kataria
    On: July 27, 2020 | Views
  • Renewal in a few minutes

    When it comes to policy renewal, InsuranceDekho got my Digit bike insurance policy renewed in just 2 steps and a few simple steps. With it, I could ea...

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    V
    Vikas Tomar
    On: July 22, 2020 | Views
  • Compare and choose option

    At InsuranceDekho, I could get different types of insurance quotes as per my budget and needs that later helped me purchase a Digit insurance plan to ...

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    K
    Karan Goyal
    On: July 21, 2020 | Views
  • Brilliant customer support team

    I hold a bike insurance policy of Digit insurance to insure my Honda Grazia scooter that I bought from InsuranceDekho. I could avail the insurance cov...

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    R
    Ravi Hajela
    On: July 20, 2020 | Views