HDFC ERGO Bike Insurance Premium Calculator

HDFC ERGO bike insurance premium calculator is a free online tool that will help you calculate the estimated premium for any HDFC ERGO two-wheeler insurance policy. The bike insurance premium depends upon factors like make, model & variant of the vehicle, engine capacity, location of registration, etc. Read ahead to learn everything about the HDFC ERGO bike insurance premium calculator.

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Insure bike in 60 seconds
1.1 Crore+ Bikes Insured
Get Two Wheeler Insurance starting at only ₹1.3/day*
Enter bike number (e.g DL1SB1234)
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How to Use an HDFC ERGO Bike Insurance Calculator?

A bike insurance calculator gives you a fair idea of how the premium is determined for a particular bike or scooter model. Using this tool is relatively straightforward; follow the below steps to calculate your bike insurance premium-

  • Visit the official website of the Policybazaar Insurance Brokers Private Limited.
  • Here you can find a bike insurance premium calculator.
  • Select the make, model, and variant of your two-wheeler.
  • Next, enter the ex-showroom price of the two-wheeler, registration location, and bike purchase year.
  • Click on the 'Calculate' button, and the estimated premium quotes will be displayed on your screen along with the Insured Declared Value (IDV).
  • To get instant quotes for multiple motor insurers, click 'View All Plans.'
  • Depending upon your budget and preferences, choose the bike insurance plan.

Benefits of Using HDFC ERGO Bike Insurance Calculator

Below are a few benefits of using the HDFC ERGO bike insurance calculator-

  1. Easy to use

    Using the bike insurance calculator is easy, as you do not need any professional degree. , you can enter details like make, model, variant, purchase year, registration city, etc., and get desired results.

  2. Easy to determine the Ideal IDV

    An IDV of a two-wheeler is the maximum payout amount your insurer promises to pay if there is a theft or total loss of the insured vehicle. With the help of this calculator, you can choose a right coverage along with an ideal IDV without paying a higher premium.

  3. Find the right mix of add-ons

    Another benefit of using the HDFC ERGO bike insurance calculator is that it helps you to find the right combination of add-on covers. In addition, it reflects how different add-ons affect the insurance premium amount.

  4. No mediator or agent

    The best feature of using a two-wheeler insurance calculator is no involvement of an agent or intermediary. As a bike owner, you can compare several bike insurance plans online based on their premiums and coverage without paying any agent's fee or commission.

Factors Affecting Bike Insurance Premium

There are several factors determining two-wheeler insurance premiums. To get the best knowledge, here is a list of factors affecting the cost of a bike insurance policy-

  1. Type of Coverage

    The coverage type helps in deciding the premium of a two-wheeler insurance plan. The third-party insurance premium is comparatively lesser than a comprehensive insurance premium as it offers limited coverage.

  2. Make, Model, and Variant (MMV)

    Another significant factor affecting the bike insurance premium is the vehicle's make, model & variant. A newly purchased bike has market value. Hence, the owner has to pay a higher premium. On the contrary, an old bike has a lower market value as depreciation is applicable, and therefore, it will attract a lower premium.

  3. Engine Capacity of the Motor Vehicle

    The engine capacity is derived in CC (cubic capacity) and plays a significant role in deciding the two-wheeler insurance premium. A two-wheeler with a higher CC engine must pay a higher premium than a bike with a lower engine capacity.

  4. Insured Declared Value (IDV)

    IDV is another essential factor in deciding the bike insurance premium. The higher the IDV, the higher will be the bike insurance premium. In addition, all the new vehicles have a higher IDV; therefore, their premium is also high.

  5. Add-ons

    The add-on covers opted under your comprehensive bike insurance policy also decide the premium price. The more add-ons, the more the bike insurance premium will be.

FAQs

  • Q1. What is an IDV in my bike insurance?

    Ans: An IDV or insured declared value is the maximum payout amount an insurer is liable to pay the policyholder if there is a theft or total loss of the insured two-wheeler. In simpler terms, it is the market value of the insured bike.
  • Q2. What factor decides my bike insurance premium?

    Ans: The common factors to decide your bike insurance premium are-
    • Make, model, & variant 
    • Age of bike 
    • Ex-showroom price
    • Registration location
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 55 Reviews)

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HDFC ERGO Bike Insurance Premium Calculator Reviews & Ratings

4.4 / 5 (Based on 55 Reviews)
(Showing Newest 10 reviews)
Juhi
Habra, January 29, 2021
Easy to Renew
The two wheeler insurance policy for my TVS Apache bike was getting expired. I decided to give Policybazaar a try and was happy with the services they offered. I only had to enter a few details and my policy was renewed within no time. Even the payment was made online which made the process convenient. Recommend to all.
Latika
Trichy, January 29, 2021
Impressive Services
I was looking to buy two wheleer insurance for my Bajaj Pulsar bike. My sister suggested to try Policybazaar and I was happy with the plan options they had. I was able to choose HDFC ERGO plan as it suited my budget and offered my preferred coverage. The premium was easily paid online and I received my policy quickly. Happy with the services.
Pooja
J.n.prasad, January 29, 2021
Faster Process
I recently purchased an HDFC ERGO two wheeler insurance at Policybazaar for my TVS Jupiter scooty. They had several options from different insurance companies. I could compare them all based on their premium and the coverage benefits. I found HDFC ERGO most suitable and purchased it within a few minutes.
Ashi
Aallapalli, July 02, 2020
24 hours policy
Recently, I purchased the two wheeler policy from policybazaar and it was immediate basis. Everything was done vey quickly and within a day my policy related work was done.
Shahid
Faizabad, July 01, 2020
Satisfied
I want to share my experience with hdfc ergo and policybazaar. Both the companies are very good with respect to plans and services.
Sukesh
Adoor, June 30, 2020
Transparency
I purchased the two wheeler policy from policybazaar and they are very transparent to their work. They told me each and every thing related to the policy. I am happy.
Vinit
R.g.pur, June 29, 2020
Great Coverage
The coverage and the benefits provided in the policy is very nice. It covers major things which actually a policyholder wants.
Pracheen
Agartala, June 29, 2020
Easy and quick renewal
I like the system of renewal of policy. It was real quick. And also I got the notifications from policybazaar for the renewal.
Rakesh
Chabhal, June 21, 2020
Pay online
With the help of digitization I can purchase the policy from anywhere and I can make the payment at anytime. Thanks team.
Shyam
Machalisahar, June 21, 2020
Low prices
As I searched for the two wheeler policy plan from policybazaar website I came to know that it provide low premium rate. Compared and found best plan.

^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 (1.3/day) is the price for the third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable on an annual basis