Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • How to Calculate Two Wheeler Insurance Premium in India

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    People may not understand the bond you have with your bike. She is your pride and joy. (Not to mention a huge investment.) She is also reliable, always available and well, beautiful! So isn’t it important to make sure it is insured?

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    How to get your two-wheeler insured

    Getting an insurance for your two-wheeler is just the smart and responsible thing to do because it secures your monetary investment. It’s not just about getting AN insurance for your two-wheeler, it’s about getting the RIGHT insurance for your prized possession. One must do their homework when deciding which insurance policies to go with; because there are several out there, each meeting different requirements. If you think you need some advice, talk to dealers and friends who have bikes.

    Importance of two-wheeler insurance

    It is quick and easy process to get yourself a two-wheeler insurance. The best reason to go for insurance is that when and if you need to take your two-wheeler to the garage, you can do cashless settlement. Many insurance programs will have tie-ups with several garages. If you have any third party property damage or third party physical injury, your insurance will cover it. You can also get instant claims assistance as well as 24-hour support. Generally, all two-wheeler insurance policies are issued for twelve months. You must make sure to renew your policy before the expiration date to avoid break in insurance. Most insurance providers allow you to renew your policy online.

    In India, it is compulsory to get vehicle insurance. So, really, you have no way around it. Many dealers of two-wheelers, offer insurance along with your two-wheeler purchase. Your insurance should provide sufficient cover for any damage your two-wheeler will go through including loss or damage from natural calamities such as fire, earthquake, flood etc and loss or damage from other risks like burglary, riot, and accident by external means etc. Third party legal liability provides protection against legal liability arising out of an injury or death of a third party and property damage of the third party due to accident of your own vehicle.

    Two-wheeler insurance premium calculation

    Online insurance policy is a good option because you don’t need a middleman, it’s quicker, there is less paperwork and is generally the cheaper option. You can compare two-wheeler insurance premium rates online, either by visiting various insurance providers’ websites separately or checking out the rates on insurance aggregators websites.

    Make sure you use an online two-wheeler insurance premium calculator when you are making your decision because it will help you evaluate your requirements and provide you with options most suitable for your specific case. There are plenty of online calculators available for free. Simply fill in some basic details about your two-wheeler, like the IDV of the vehicle, Cubic capacity of the vehicle, Zone of registration and the Age of vehicle to calculate the premium amount. IDV is the amount you are assured to receive from the insurer in case of any damage, theft etc. It is calculated by reducing the depreciation from the manufacturer’s listed selling price. IDV does not include the registration and insurance cost. Use this amount calculated online to pay using your credit card or net payment.

    Factors Affecting Two-Wheeler Insurance Premium

    The premium to be paid on a two-wheeler insurance depends on several factors. Some of which are explained below:

    1. Type of Insurance Policy:

      The kind of insurance policy that you select is an important determinant of the premium on your insurance. The premium for a basic third-party motor insurance is lesser than that of a comprehensive motor insurance policy. This likewise in light of the fact that an outsider protection approach offers a restricted security when contrasted with a far reaching protection strategy.

    2. Two-Wheeler Type And Performance Delivered:

      The cost of your motor insurance relies upon the kind of your vehicle to a great degree. The model of the vehicle, the city in India where the vehicle is enlisted, and the frills installed in the vehicle also determine the premium of the insurance. The Cubic Capacity (CC) of your vehicle likewise influences the sum of premium. The premium for sports bikes and superbikes that deliver higher performance are charged high compared to commuter vehicles.

    3. Additional Insurance Covers Opted:

      You may pick one or more additional insurance covers to upgrade the coverage of your insurance policy. A few examples are co-passenger accident cover, nil-devaluation cover, cover for accessories and more. These add-on covers can be availed on the payment of additional cost which eventually increase the amount of premium.

    4. No Claim Bonus (NCB):

      NCB in basic words is a reward that insurance agencies offer to the policyholders for not making claims on their insurance policy amid the former year. It is a sort of motivation for the riders for their safe riding practices. A No Claim Bonus lessens your protection premium up to half in view of the total number of claim-free years.

    5. Voluntary Excess:

      If a harm or misfortune is caused to the vehicle because of any unpredictable situation, there is a certain amount of claim that the insured must pay from their own pockets. If the policyholder chooses to contribute more from their pockets in times of a claim, the premium value on their insurance will come down. This is called voluntary excess.

    6. Discounts Offered By Insurance Providers:

      With increased competition in the insurance industry, the insurance agencies nowadays are offering several types rebates and discounts. For example, a person may choose to buy a multi-year insurance policy for a period up to three years which will help him save on their insurance premium.

    How to CalculateTwo Wheeler Insurance In India Reviews

  • Page 1 of 50 1 2 3 4 5
    • Bajaj Allianz Two Wheeler Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken two wheeler insurance from Bajaj allianz insurance policy , i got this policy through the showroom where i got the two wheeler . Am satisfied with the premium amount which am making the payments its has good coverage . The good about their service is they used to remind the customers for renewal .
      Was this review helpful? 1
      , vadodara
      Reviewed on Oct 17, 2018
    • HDFC Ergo Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am holding the car insurance policy with HDFC ERGO GENERAL INSURANCE from last 4.5 years.I have purchased this insurance through showroom also i had no claim experience with this policy. The premium and IDV is satisfactory. The coverage is for comprehensive.
      Was this review helpful? 2
      , kolkata
      Reviewed on Oct 15, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the two wheeler policy withBAJAJ ALLIANZ GENERAL INSURANCE from last more than 1 year. I have purchased through showroom. The premium and IDV is satisfactory. I had no claim experience with this policy. The coverage is for full two wheeler.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 15, 2018
    • Bharti Axa Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have purchased the policy with BHARTI AXA GENERAL INSURANCE on 2017 where i have a good experience. I had no claim experience with this policy also the premium and also the IDV value is satisfactory with this policy. They have provided the satisfactory coverage.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Oct 12, 2018
    • Reliance General Two Wheeler Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      I have a two wheeler insurance with Reliance general insurance from last 2 years, a premium of Rs 2700 has to be paid for this insurance policy. I have not claimed anything so far with this insurance policy and i am happy with the coverage value.
      Was this review helpful? 2
      , kochi
      Reviewed on Oct 12, 2018
    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler is insured with New India assurance from last 1 year, a premium of Rs 1200 has to be paid for this insurance policy. I have no claim experience so far with this insurance policy. I am happy with the policy coverage and plan benefits of this policy.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 11, 2018
    • ICICI Lombard Two Wheeler Insurance
      "GOOD"
      0.5 4.5/5 "Excellent!"
      It is a user friendly policy so i have purchased the two wheeler policy with ICICI LOMBARD GENERAL INSURANCE. I had no claim experience with this policy but the premium and also the IDV is nominal. Policy coverage is for 3rd party in this insurance.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 11, 2018
    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with New India Assurance from last 4-5 years, a premium of Rs 1200 has to be paid for this insurance policy. I have not claimed anything so far with this insurance policy and i am happy with the coverage value.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2018
    • Shriram Two Wheeler Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have taken two wheeler insurance from SHRIRAM GENERAL INSURANCE , i got this policy through the showroom where i got the two wheeler . Am satisfied with the premium amount which am making the payments its has good coverage . The good about their service is they used to remind the customers for renewal.
      Was this review helpful? 2
      , new delhi
      Reviewed on Oct 10, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken two wheeler insurance from Iffco Tokio insurance policy , i got this policy through the showroom where i got the two wheeler . Am satisfied with the premium amount which am making the payments its has good coverage . The good about their service is they used to remind the customers for renewal.
      Was this review helpful? 2
      , new delhi
      Reviewed on Oct 09, 2018
    • ICICI Lombard Two Wheeler Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am holding the two wheeler policy with ICICI LOMBARD GENERAL INSURANCE from last 3 years where the service is good and also i have not experienced with any claim with this two wheeler policy. The policy coverage and also the premium, IDV value is satisfactory.
      Was this review helpful? 2
      , chennai
      Reviewed on Oct 09, 2018
    • United India Two Wheeler Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using the two wheeler policy from UNITED INDIA INSURANCE from last 10 years also i had a good experience. The service is good also i have not experience d with any claim with this policy. The policy coverage is for 3rd party. Premium and the IDV is 13000.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 09, 2018
    • Tata AIG Two Wheeler Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken two wheeler insurance from Tata Aig insurance company I make the payment of rs 1300 for yearly through their agent . Customer service and response is average as they didn't explained the policy benefits .Overall am satisfied with the premium amount which am paying .
      Was this review helpful? 3
      , secunderabad
      Reviewed on Oct 06, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken two wheeler insurance from Icici Lombard General insurance for this. I made the payment for 1 years through online banking . Customer service and response is average as they have explained the benefits of the policy . It has good policy coverage with good policy benefits.
      Was this review helpful? 2
      , secunderabad
      Reviewed on Oct 06, 2018
    • Iffco Tokio Two Wheeler Insurance
      "good service"
      0.5 4.0/5 "Great!"
      I have my two wheeler insured with IFFCO TOKIO , my claim experience with this insurance is good and i they charge premium per year 1000 rupees per year i do payment by cash or by online by my debit card or by credit card i dont have much idea about the benefit they covered.
      Was this review helpful? 8
      , new delhi
      Reviewed on Oct 03, 2018
    • HDFC Ergo Two Wheeler Insurance
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have purchased the two wheeler policy through HDFC ERGO GENERAL INSURANCE where i am using from last 1 year and i had no claim experience with this policy. Premium i am paying 1200-1300k and the IDV value is satisfactory. Coverage is for basic.
      Was this review helpful? 3
      , bangalore
      Reviewed on Oct 03, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good service"
      0.5 4.5/5 "Excellent!"
      It has been a very good experience i had with them so far. I had been paying the premiums monthly and the premium amount has not been very high and i had been making the payments online. There has not been any claims made so far and their customer support also had been helpful at times.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Oct 02, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      My two wheeler is insured with HDFC ERGO from last 1 year, i am happy with the coverage value and plan benefits of this insurance policy. I have no claim experience so far with this insurance policy so far and i pay a premium of Rs 2000.
      Was this review helpful? 5
      , mumbai
      Reviewed on Oct 01, 2018
    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler is insured with New India Assurance from last 1 year, I pay a premium of less than Rs 1000 for this insurance policy. There was no claim experience so far with this insurance policy. I am happy with the policy coverage and plan benefits of this policy.
      Was this review helpful? 6
      , bangalore
      Reviewed on Sep 29, 2018
    • L and T Two Wheeler Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have a two wheeler insurance policy with L&T general insurance from last 2 years. I am happy with the coverage value and plan benefits of this insurance policy. I am not aware of the premium amount and i have no claim experience with this insurance.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Sep 29, 2018
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