Bike Insurance Calculator- Factors that Determine your Premium

Shopping for the perfect policy that doesn’t hurt your pocket is at the top priority of any vehicle owner.

Well, thanks to the technology…

Insurance companies have come to the rescue through bike insurance calculator. It allows you to ascertain the premium that needs to be paid for the cover. Insurance premiums have been on the upswing and get more expensive with each passing year, making this a very handy and helpful tool.

Bike insurance calculator allows you to get multiple quote. It enables you to make an informed choice taking into account the cost of the policy as well as its features.

Moving On…

Bike insurance calculator determines the premium on the basis of certain information. A number of insurance companies have online premium calculators, making it easy for you to calculate the premium.

A premium calculator will require the following information which act as the basic factors that decide your premium:

Let’s have a look

Vehicle type: The two wheeler vehicle type is measured by its cubic capacity (cc). Two wheelers are classified into 3 categories with regard to the cubic capacity of a vehicle- 0-150 cc, 150-350 cc and above 350 cc. The higher the two wheeler’s cc, the higher the premium to be paid.

Geographical area: Premium rates are governed by geographical area. With certain areas like metro cities attracting a higher premium. Living or working in an area prone to theft and vandalism would also result in a higher premium.

Type of coverage: The coverage being opted for also determines the premium amount. Liability only (or third party insurance) being cheaper than comprehensive insurance, hence the premium.

Applicant demographics: Some insurance companies look at the your age, gender and marital status when calculating premium. A middle-aged applicant is less likely to be a speed demon, thereby resulting in lower risk for the insurer.

Past insurance record and history: Applicable in case of a policy renewal. The past insurance record and riding history such as, number of insurance claims etc. are considered at the time of premium calculation.

Based on the above information, the calculator will generate a quote as per the information provided. Make sure you use bike insurance calculator before finalizing a policy. It helps you to evaluate your requirements and provide you with options suitable for your specific case. There are plenty of online calculators available for free. Simply fill in some basic details about your two-wheeler and voila!

I am an expert writer in Insurance Industry and have knowledge about various insurances online like Car Insurance, Two-wheeler Insurance, Health Insurance.