ICICI Lombard Two Wheeler Insurance Premium Calculator

ICICI Lombard Bike Insurance

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Highlights
  • 265+ Branches across the nation
    Check in your City
  • 910+ Virtual offices nationwide
  • Claim Settlement Ratio 87.65% for FY 2017-18
  • Add-on covers to protect electronic and non-electronic gadgets

ICICI Lombard Two Wheeler Insurance Premium Calculator

What is a Bike Insurance Premium Calculator?

Bike Insurance premium calculator is an online tool that determines the right premium for your bike. You can use InsuranceDekho’s bike insurance premium calculator online. For this, you will be required to enter a few details including your bike’s make, model, variant, and fuel type and the most suitable bike insurance quotes from multiple insurance companies will be displayed on your screen. You can compare quotes and shortlist the best one for your bike.

How to Use a Bike Insurance Premium Calculator?

You can follow the simple steps given below and use InsuranceDekho’s bike insurance premium calculator.

Step 1: Select your bike’s Make, Model, Variant, and Fuel Type.

Step 2: Select the City where your bike is registered. Then select the Year of Purchase.

Step 3: Answer the question ‘Have you made a claim in the previous year?’ by clicking on yes or no.

Step 4: Click ‘Calculate’. You will find the right IDV and premium for your bike insurance plan.

Benefits of Bike Insurance Premium Calculator

Given below are some ways in which InsuranceDekho’s premium calculator benefits you:

  1. Get the Right IDV: InsuranceDekho’s bike insurance premium calculator takes into consideration various factors like your bike’s make, model, and fuel type, and calculates its right Insured Declared Value (IDV). Knowing the right IDV keeps you informed about the amount that you can claim an insurer in case of total loss or theft.
  2. Know the Correct Premium: One of the major benefits of InsuranceDekho’s bike insurance premium calculator is that it keeps you informed about the correct premium for your bike’s insurance.
  3. Helps You Decide: The bike insurance premium calculator helps you in decision making. By using it, you can not only find the best bike insurance quotes online, but also compare them and shortlist the most suitable one for you.
  4. Helps You Buy Economic Policies: InsuranceDekho’s bike insurance premium calculator helps you buy cost-effective bike insurance policies online without any influence of the insurance agents.

Third Party Bike 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)

Premium for Comprehensive and Standalone Own-Damage Bike Insurance Plans

Some of the factors that affect premium for standalone own-damage and comprehensive bike insurance plans include your age, cubic capacity of your bike, and age of the bike. To understand more about these factors, read below.

Factors Affecting Bike Insurance Premium

Listed below are some important factors that affect your bike insurance premium:

  1. Insured Declared Value (IDV): IDV is the market value of your bike that may vary from insurer to insurer. There are various factors that affect a bike’s IDV. These include the bike’s make, model, and variant. And because the value of your bike keeps on depreciating with time, therefore IDV also decreases. So, lower the IDV of your bike is, lesser the premium you will be charged and vice versa.
  2. Engine’s Cubic Capacity: If the cubic capacity of your bike is high, then it will move faster and will increase the risk on the road. Therefore, the higher the cubic capacity of your bike, the higher premium you will be required to pay.
  3. Modifications: Modifications do not always prove to be beneficial for your bike. It may upgrade your bike’s performance but might as well affect its in-built security. This increases the insurer’s liability and hence will increase the premium amount. So, as the number of modifications increase, your premium will increase too.
  4. Anti-Theft Devices: Anti-theft devices keep your bike relatively secure thereby reducing the insurer’s liability. So, if you have got ARAI-approved anti-theft devices installed in your bike, then your bike insurance premium will be relatively lower.
  5. Number of Add-On Benefits: Add-ons are additional coverage benefits that you can purchase with your bike insurance policy by paying an extra premium. For instance, you can purchase zero depreciation cover or daily cash allowance cover and enjoy greater benefits under your policy. But for this, you will be charged a higher premium.

What is your bike's brand?

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

Latest Bike Insurance News

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ICICI Lombard Bike Insurance User Reviews

120 reviews Write a Review
  • Easy to compare and choose

    With InsuranceDekho, I could compare different bike insurance policy quotes and select the one as per my budget and needs. It helped me choose the ICI...

    Read More
    R
    Rahul Joshi
    On: August 6, 2020 | Views
  • Easy payment choices

    I could easily renew my ICICI Lombard bike insurance policy that I bought for my TVS Jupiter scooty at the InsuranceDekho platform. The payment option...

    Read More
    H
    Hemant Srivastava
    On: August 5, 2020 | Views
  • Renewal in just 2 steps

    With the InsuranceDekho platform, I was able to renew my ICICI Lombard insurance policy for my TVS Star City Plus bike in just 2 steps. The renewal pr...

    Read More
    J
    Jeetendra Kumar
    On: August 4, 2020 | Views
  • Will recommend my friends too

    I really liked my ICICI Lombard car insurance policy that I bought for my Skoda Rapid car last month. The team was supportive and I really liked the p...

    Read More
    K
    Keshav Makhija
    On: August 4, 2020 | Views
  • Easy payment methods

    I bought ICICI Lombard insurance for my Hero Maestro Edge 125 bike through advanced and secured payment methods at InsuranceDekho platform. The paymen...

    Read More
    M
    Manav Gujral
    On: July 30, 2020 | Views
  • Helped me get the best plan

    The InsuranceDekho helped me choose the most-suited insurance policy by offering several bike insurance quotes to choose from. I bought an ICICI Lomba...

    Read More
    H
    Harish K Gautam
    On: July 29, 2020 | Views
  • Incredible customer care

    The customer care team of InsuranceDekho portal is awesome. It consists of highly professional and qualified personnel who could easily resolve all m...

    Read More
    H
    Harsh Nigam
    On: July 28, 2020 | Views
  • Smooth process to buy policy online

    InsuranceDekho has an easy, transparent, and quick process of buying bike insurance online. I recently purchased ICICI Lombard policy from them for my...

    Read More
    S
    Sahil Jain
    On: July 27, 2020 | Views
  • Different payment modes

    I have bought and renewed an ICICI Lombard bike policy that I bought for my Honda CB Unicorn 160 bike through different payment gateways. It really ea...

    Read More
    N
    Neeraj Shah
    On: July 22, 2020 | Views
  • Simple to renew a policy

    With the Insurance Dekho platform, I could easily renew my ICICI Lombard insurance policy for my TVS Star City Plus bike in just 2 simple steps and a ...

    Read More
    D
    Devesh Chaturvedi
    On: July 21, 2020 | Views