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Optimize Your Premium Using Two Wheeler Insurance Calculator

Published On Oct 19, 2020 5:30 AM By InsuranceDekho

Optimize Your Premium Using Two Wheeler Insurance Calculator

Two-wheeler insurance has dual benefits. It fulfils the legal liabilities of the two-wheeler owners and keeps them protected against financial liabilities which may occur due to any mishap involving the two-wheeler. A wide number of insurance providers offer both offline and online service. Hence, purchasing an insurance policy or renewing one is an easy task.

The process has become even more convenient with the two-wheeler insurance premium calculator. By using the online calculator, you can view the premiums available for your two-wheeler and make the best decision without putting much effort.

How To Use Two Wheeler Insurance Calculator?

The two-wheeler online premium calculator generates instant premium quotes. You can use the calculator for computing premium for both new and used two-wheelers. Follow these simple steps to calculate the premium using the calculator.

Step 1: Visit

Step 2: Select ‘Premium Calculator’ from ‘Two Wheeler Insurance’ tab.

Step 3: Select the following details.

  • Brand of the two-wheeler
  • Model of the two-wheeler
  • Variant of the two-wheeler
  • City of Registration
  • Year of purchase

Step 4: Mention if you have made any claim in the previous year.

Step 5: Click on ‘Calculate’. A pop-up will appear.

Step 6: Enter your name and mobile number on the pop-up.

Step 7: Click on ‘Submit and get quotes’. It will display your premium quotes.

Benefits Of Using The Two Wheeler Insurance Calculator

  • Using the calculator is easy and it has multiple benefits. Here is how the online calculator can help you in getting the premium quotes.
  • The calculator computes the quotes instantly. Hence, it is convenient and time-saving.
  • This tool shows the premium quotes and coverage of various insurance providers.
  • You can check what policies or add-on covers can increase or decrease the premium. Thus you can customize the policy as per your needs and maintain your budget at the same time.
  • You do not have to spend your time trying to figure out the numbers. Instead, you can invest the time in making the final decision.

Factors Determining Two-Wheeler Insurance Premium

Be it a new policy purchase or a policy renewal, some specific factors are considered in the calculation of the premium quotes. Here are those factors:

Age Of Two-Wheeler And Owner

The older the two-wheeler the higher the depreciation charge. Hence, the older two-wheelers generally are charged with a higher premium. Coming to the age of the owner, it is assumed that riders below the age of 25 are more likely to get involved in a mishap and are charged more than riders above the age as they are less prone to accidents.


Location is essential when it comes to insurance. Riders riding in areas with high traffic as the metros cities, have higher risks and is charged with a higher premium.

Two-Wheeler Type

The make, model, variant, fuel type, engine’s cubic capacity, manufacturing year and so on play crucial roles in determining the premium of the two-wheeler.


IDV in bike insurnace is the sum assured that the insurer is liable to pay the insured during claim settlement. The higher the IDV the higher the premium amount.

Purchasing insurance is a statutory mandate and a safety measure. The best way to proceed will be setting a budget, comparing the premiums and then selecting the one that suits both your budget and requirement. The online premium calculator will make the process easier.

Types of Bike Insurance You Should Know:

Third Party Two Wheeler Insurance

Comprehensive Two Wheeler Insurance Policy

You May Also Like To Read:

What is a Bike Insurance Renewal?

Two Wheeler Insurance Add-ons

Bike Insurance Details by Registration Number

Fine for Driving Two Wheeler Without Insurance

How to Get Duplicate Two Wheeler Insurance Copy Online

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.

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