Kotak Two Wheeler Insurance Premium Calculator

Kotak Bike Insurance

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Kotak Two Wheeler Insurance Premium Calculator

What is a Bike Insurance Premium Calculator?

Bike insurance premium calculator is a digital tool that helps you know the premium for a bike insurance policy before buying it. The premium calculator helps you to find the most suitable bike insurance quotes offered by multiple insurers and compare them to shortlist the best one. To get quotes using InsuranceDekho’s bike insurance premium calculator, you are required to enter a few details of your bike. These include the brand name, model, registration city and year etc.

How to Use a Bike Insurance Premium Calculator?

InusranceDekho’s bike insurance premium calculator is easy to use. It helps you know the premium for your bike insurance policy by following a few steps given below:

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

Step 2: Select the City of your bike registration. Answer the question ‘When did you buy your bike?’ by selecting the year of purchase.

Step 3: Tell us ‘Have you made a claim in the previous year?’ by selecting yes or no.

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

Benefits of Bike Insurance Premium Calculator

InsuranceDekho’s bike insurance premium calculator offers you the following benefits:

  1. Right Insured Declared Value: Taking in consideration a few factors like make, model, variant, age of the vehicle, city of registration, etc.,the premium calculator tells you the right Insured Declared Value or IDV. This keeps you informed about the amount that you can claim from an insurer in case of loss or damage.
  2. Correct Premium: Bike insurance premium calculator tells you the correct premium in advance that you will be required to pay for the shortlisted bike insurance policy. It makes you well aware of your buying decision.
  3. Improves Your Decision Making Ability: InsuranceDekho’s bike insurance premium calculator lets you find bike insurance quotes from multiple insurers. You can also compare them online in order to shortlist the most suitable one for your bike.
  4. Helps You to Buy Economic Deals: The premium calculator displays the most suitable quotes as per your bike’s details. You can then choose the most affordable policy by comparing them.

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

Premium for comprehensive and standalone own-damage bike insurance plans are affected by several factors such as your bike’s make, model, variant, fuel type, cubic capacity, and location of registration. As there are many factors involved in determining the bike insurance premium, therefore it may happen that two people owning a bike of the same brand are required to pay different premiums. Read about the factors that affect bike insurance premium:

Factors Affecting Bike Insurance Premium

Given below are some factors that affect the premium for bike insurance:

  1. Engine’s Cubic Capacity: Your bike will require more consumables if its cubic capacity is higher. So, you will be required to pay a higher premium if you own a bike with a higher cubic capacity and you want to get it insured, and vice versa.
  2. Insured Declared Value (IDV): IDV is the maximum amount that you can claim from an insurer in case your bike gets damaged or stolen. IDV is decided by the insurer considering your bike’s make, model, and variant. Higher the IDV of your bike, higher premium you will be required to pay to get it insured.
  3. No Claim Bonus (NCB): Another factor that affects your bike insurance premium is No Claim Bonus. Insurers offer a discount on bike insurance premium to the policyholders as a reward for no claim made during a policy term. Usually, the No Claim Bonus ranges between 20%-50%.
  4. Anti-Theft Devices: Installing anti-theft devices reduced the chances of your bike getting stolen which further reduced the liability on the insurer. So, if you have ARAI-approved anti-theft devices installed in your bike, then you will be required to pay a lesser premium.
  5. Number of Add-Ons: Add-ons are additional coverage benefits that you can purchase with your bike insurance policy. You can buy add-on benefits like zero depreciation, roadside assistance cover, etc by paying some extra premium and enhancing the coverage for your bike.

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Kotak Bike Insurance User Reviews

105 reviews Write a Review
  • Quite informative website

    The InsuranceDekho website is quite informative, updated and user-friendly. It provided me with the assistance to make an informed decision of purchas...

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    Raghav Mishra
    On: August 6, 2020 | Views
  • Excellent support service

    I own a Kotak insurance plan to secure my Suzuki Gixxer SF 250 bike that I bought from InsuranceDekho. The customer care staff of InsuranceDekho porta...

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    Girish Thakur
    On: August 5, 2020 | Views
  • Easy to compare and choose

    With the Insurance Dekho platform, I could compare and select the best-suited insurance plan quotes as per my requirements and budget. It helped me ch...

    Read More
    Toshi Singh
    On: August 4, 2020 | Views
  • Plans available at affordable prices

    The InsuranceDekho platform suggested that I should buy a Kotak bike insurance policy that later provided me with different insurance policy options t...

    Read More
    Akansha Dixit
    On: July 30, 2020 | Views
  • Quickest claim settlements

    Kotak insurance settled my claim request very quickly for my TVS Jupiter scooty. However, this became easily possible due to the guidance I got from t...

    Read More
    Rashi Asthana
    On: July 29, 2020 | Views
  • Exceptional claim settlement

    I did not have to face any trouble in getting my bike insurance claim settled with Kotak insurance policy due to the assistance of the InsuranceDekho....

    Read More
    Hemant Garg
    On: July 28, 2020 | Views
  • Easy to buy online

    I chose InsuranceDekho to buy Kotak General bike insurance policy as my friend suggested. I bought it for my Royal Enfield Bullet 350 and I am satisfi...

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    Neha Jain
    On: July 27, 2020 | Views
  • Best insurance plan quotes

    The InsuranceDekho platform offered me different insurance policy quotes and features to compare before buying a Kotak insurance policy for my Yamaha ...

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    Dushyant Lamba
    On: July 22, 2020 | Views
  • Prompt policy issuance

    The InsuranceDekho portal issued me a Kotak insurance policy to secure my Bajaj Avenger Street 220 bike in no time. Thank you so much for the prompt a...

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    Tarun Bhati
    On: July 21, 2020 | Views
  • Simple to compare and choose

    With the Insurance Dekho platform, I could easily compare and select the insurance policy quotes according to my requirements and budget. It assisted ...

    Read More
    Gaurav Biswas
    On: July 20, 2020 | Views