Benefits of Using A Bike Insurance Premium Calculator
Published On Feb 16, 2021 10:00 AM By InsuranceDekho
A bike insurance premium calculator is a useful tool which helps you in the process of purchasing bike insurance online. Read all about how it works and why it is beneficial.
In the digital world, there are a variety of tools and services available to help make purchasing insurance easier and to keep you more informed about bike insurance. A premium calculator is one such tool. It makes you informed about bike insurance and helps you make a better decision when it comes to deciding which two-wheeler insurance policy is the right one for your needs and circumstances. Let’s read all about it.
What Is A Bike Insurance Premium Calculator?
A bike insurance premium calculator is an online tool which works to give you a quote for your two-wheeler insurance. You can easily receive a quote by entering details about your two-wheeler such as the make and model, the age of your vehicle, and type of insurance you require, etc. It will then offer you a quote with which you can take an informed decision regarding your bike insurance premium. You can customise the details according to your requirements, such as by including add ons and receive a quote accordingly.
Further Reading: Benefits of Comparing Two Wheeler Insurance
What Are The Benefits Of Using A Bike Insurance Premium Calculator?
There are several benefits when it comes to using a bike insurance premium calculator, such as:
1. Ideal IDV
IDV or Insured Declared Value is the price for which your two-wheeler is insured, and represents the market value for your two-wheeler. It has a direct impact on the premium of your insurance policy. With the help of a premium calculator, you will be able to determine the correct IDV for your two-wheeler and get an accurate premium cost.
2. Select Add-Ons
Add-Ons are additional coverages which help you strengthen your insurance cover. Using an insurance premium calculator for your bike insurance, you will be able to determine which Add-Ons you would like to avail of by seeing their impact on your bike insurance premium. You will be able to get the perfect combination of Add-Ons according to your needs and preferences.
3. Eliminate The Need For An Agent
Using a two-wheeler insurance premium calculator, you will be able to compare the different insurance policies available on your own. You will not require an agent and can make an informed decision free from any external pressures.
In conclusion, there are a variety of benefits when it comes to using a bike insurance premium calculator to determine which bike insurance is right for you. It empowers you to make an informed and cost-effective decision without any pressures from an agent.
You May Also Like To Read:
Tips to Reduce Motorbike Insurance Premium
Two Wheeler Insurance Comparison - Importance, Steps and More
IRDAI Guidelines For Bike Insurance Policies In India
Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.