National Bike Insurance Premium Calculator

The National bike insurance premium calculator allows the bike owners to calculate the premium amount on the two-wheeler insurance policies they seek to purchase. Using the premium calculator, a user can easily compare different policy plans and choose accordingly. Using the premium calculator also saves the policyholder both time and money. Therefore, using a bike insurance premium calculator before purchasing a policy is beneficial for you in all aspects.

Read more
Insure bike in 60 seconds
1.1 Crore+ Bikes Insured
93% claims settled#
Get Two Wheeler Insurance starting at only ₹1.3/day*
Enter bike number (e.g DL1SB1234)
Processing

What is National Bike Insurance Premium Calculator?

A bike insurance premium calculator is an instrument that potential bike insurance policy buyers can use to calculate the premium amount on their bike insurance. To get the correct premium amount, the policyholders need to enter the following details:

  • Bike's make and model
  • The variant of the bike
  • Year of purchase of the bike
  • RTO location of the bike

Based on the specifications mentioned above, a bike insurance premium calculator will let the bike owners know the premium amount required. Thus it becomes easier for them to get an idea of the premium they need to pay to get the desired bike insurance policy. Furthermore, a bike insurance premium calculator allows the bike owner to compare the policies and premiums of different insurers.

How to Use the National Bike Insurance Premium Calculator?

The steps to use the bike insurance premium calculator of National Insurance is given below:

  • Step 1: Select the make and model of your bike. Then, choose the bike variant and its fuel type.
  • Step 2: Select the bike's city of registration and year of purchase.
  • Step 3: Mention any claim request made in the last policy term or any no-claim bonus.
  • Step 4: Click on the 'Calculate' button to find the IDV and premium for the bike insurance policy.

Benefits of National Bike Insurance Premium Calculator

There are multiple benefits of the bike insurance premium calculator of National Insurance company. It helps the bike owners to decide the best-suited policy as per their requirements. The benefits can be summarized as:

  1. Time saver: Bike owners save time by using the premium calculator as it instantly brings forward the premium amounts for different insurance policies. In this way, you don't have to go through the manual process of visiting any branch, getting in touch with an expert and then knowing the premium details of your insurance policy.
  2. Money saver: Bike insurance premium calculator lets the insurance seeker compare the various insurance plans and premium quotations of different insurance companies and choose the best premium plan and policy depending upon their requirements. This will help them find the most reasonable plan and prevent them from paying more for any other policy that doesn't suffice their needs.
  3. IDV: Bike insurance premium calculator allows the bike owner to ascertain the IDV of the bike that is to be insured.  The Insured Declared Value reflects the correct market value of the bike.
  4. No external influence: Since the premium is calculated online, there is no scope of manipulation of the bike owner's decision by insurance agents or any other person.

Third-Party Bike Insurance Premium Rates

Engine Capacity Premium to Buy A New Policy (5-Year Plan) Premium to Renew Existing 1-Year Plan
Maximum 75 cc Rs 1,045 Rs 482
Exceeding 75 cc but less than150 cc Rs 3,285 Rs 752
Exceeding 150 cc but less than 350 cc Rs 5,453 Rs 1,193
Exceeding 350 cc Rs 13,034 Rs 2,323

( for reference purpose only)

Premium for Comprehensive and Standalone Own-Damage Bike Insurance Plan

The premium for a comprehensive and standalone own-damage bike insurance plan depends upon several factors, including bike's make, bike's variant, bike's fuel type, engine capacity, location of bike's registration, etc.

Therefore, bike owners should be well aware of these factors to ensure purchasing the right bike insurance plan. Moreover, the premium rates for the comprehensive and standalone own-damage bike insurance plans would differ for every customer depending on the various add-ons chosen. And all this can be determined using an online premium calculator.

Factors Affecting Bike Insurance Premium

  1. Fuel type: Two-wheelers that run on CNG have a higher premium value than the two-wheelers that run on diesel or petrol. It is because they need higher maintenance. Therefore, if your two-wheeler runs on CNG, you will have to pay a higher premium.
  2. Insured Declared Value: The IDV is the maximum amount that an insurer pays to the insured in case the bike gets stolen, or the owner faces a constructive total loss. Higher the IDV, the higher the amount the bike owner will receive in case of any such eventuality. A higher IDV will result in a higher premium.
  3. Anti-theft devices: If anti-theft devices are installed on the bike, the probability of the bike getting stolen decreases. Thus the liability of the insurer also decreases. The premium amount to be paid in such cases is less.
  4.  No-claim bonus: The insurer rewards every no-claim year with a bonus to the insured. A higher value of NCB would mean a lower premium.
  5.  Add-ons: Add-ons are additional policy covers which further increase the value of the premium.

FAQs

  • Q. Can the National bike insurance premium calculator calculate the premium for 2nd hand bikes?

    Yes, the bike insurance premium calculator computes the premium for both new and 2nd hand bikes.

  • Q. What are the add-ons which increase the premium value?

    Add-ons like zero depreciation, roadside assistance cover, key replacement cover, etc. increase the cost of the premium.

  • Q. Does the premium calculator give accurate results?

    Yes. As it is a computerized tool and uses specific information about your bike, it gives accurate results.

new-compare-save-upto-85-on-bike-insurance-mobile
Disclaimer: The list mentioned is according to the alphabetical order of the insurance companies. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Average Rating
(Based on 45 Reviews)
new-bike-insurance-1-3-rs

Two Wheeler Insurance Articles

  • Recent Article
  • Popular Articles
15 Apr 2025

Benefits of Two-Wheeler Insurance Policy

Riding your own bike offers unmatched convenience, but the

Read more
10 Apr 2025

How to Get Two Wheeler Insurance for Bikes Older...

Some memories ride with you forever, and your first bike is

Read more
06 Mar 2025

Choosing the Right Motorbike for Senior Citizens

The open road calls to riders of all ages, and especially for

Read more
05 Mar 2025

Is Personal Accident Cover Mandatory for Bike...

Feeling the wind in your hair, the open road ahead – riding

Read more
12 Feb 2025

How to Check and Clear Pending e-Challans for...

Riding a bike offers freedom and convenience, but it also comes

Read more

Three Easy Ways to Check Bike Insurance Expiry...

In India, you must have a valid bike insurance policy for your two-wheeler and renew it before its expiry. In case

Read more

Check Vehicle Owner Details by Registration Number

Vehicle owner details can come in handy in various situations, such as road accidents, cases of reckless driving

Read more

New Traffic Rules & Challans in India 2025

Breaking, violating, or disobeying traffic rules is an offence in India. The Motor Vehicles Act promotes safer

Read more

How to Get Bike Insurance Details by Vehicle...

In India, as per the Insurance Regulatory and Development Authority of India (IRDAI), all bike owners must hold at

Read more

How to Check Bike Owner Details by Registration...

In a world full of different types of two-wheelers, each one has its unique identity enclosed in its registration

Read more

^The renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

^The buying of Insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for transaction may vary subject to additional data requirements and operational processes.

#Savings are based on the comparison between highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI-approved insurance plan. Standard T&C apply.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*Rs 457/- per annum is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial).The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively.Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in