Liberty Bike Insurance Premium Calculator

Liberty Bike Insurance Premium Calculator is an online tool that helps you calculate premiums for your bike insurance plans. You can have an estimate of your policy premiums, check against other providers, and accordingly choose the best one for yourself. You can use the Liberty bike insurance premium calculator at the time of purhcase and renewal.

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How to Use Liberty Two-Wheeler Insurance Premium Calculator?

The steps to use the Liberty bike insurance premium calculator are simple and are given below:

  • Go to the official website of Policybazaar.com
  • Enter the details of your bike. The details will include the manufacturer, model, version, and fuel choice.
  • In the next step, you have to enter the registration details of the bike. This will include the year of purchase and registration. Furthermore, the Liberty Bike Insurance Premium Calculator will also ask the city of registration.
  • You have to then select if you had filed any claims in the previous years when the policy was valid.
  • On clicking the ‘Calculate’ button, you can find the exact premium payable.

Benefits of Two-Wheeler Insurance Premium Calculator

Liberty bike insurance premium calculator provides the following benefits:

  • Correct IDV- You can always get the correct Insured Declared Value (IDV). Since the calculator takes in so many different parameters, it is generally very accurate.
  • Save on the Premiums- Because of the same factors as mentioned before, the accuracy for premiums is also great. It is the primary deciding before buying a policy.
  • Easy Comparison- You can easily compare with other policies and see if the Liberty bike insurance policyis the best for you

Third-Party Two-Wheeler Insurance Premium Rates

The third-party two-wheeler insurance premium rates, as given by the Insurance Regulatory and Development Authority of India (IRDAI), are given below:

  • <75cc Engine:
    • Five Yearly Policy Premium: INR 1,045
    • Annual Renewal: INR 482
  • 75cc - <150cc Engine:
    • Five Yearly Policy Premium: INR 3,285
    • Annual Renewal: INR 752
  • 150cc - <350cc Engine:
    • Five Yearly Policy Premium: INR 5,453
    • Annual Renewal: INR 1,193
  • >350cc Engine:
    • Five Yearly Policy Premium: INR 13,034
    • Annual Renewal: INR 2,323

The premium for Comprehensive and Standalone Own-Damage Bike Insurance Plans

Various factors determine premiums that are taken into account by two wheeler insurance premium calculator. For example, two different persons may own the same bike. Therefore, the manufacturer, model, version might be the same. However, if the fuel type is different, the premium will be different.

Furthermore, even if the fuel type is the same, the city of registration might be different. That will also influence the premiums. Hence, it is always better to understand these factors in detail, even if the calculator can do the work in the background. And because of such factors, the premium rates for comprehensive and standalone own-damage bike insurance plans differ from customer to customer.

Factors Affecting Two-Wheeler Insurance Premium

The various factors that are considered when calculating premiums are given below:

  • Manufacturer: The reputation, reliability, and network of the manufacturer make a lot of difference. Some examples of prominent manufacturers are TVS, Honda, Hero, and Bajaj.
  • Models, Versions, Engine Capacity, and Fuel TypeEngines vary from model to model. As a thumb rule, with all other factors remaining constant, higher engine capacity means higher premiums.
  • Registration Location: Based on the registration location, there might be higher instances of accidents. Or there may be fewer service garages. All of these factors affect the premium.
  • Add-on BenefitsYou can opt for added benefits with every bike insurance, such as zero depreciation and third-party cover. Add-ons mean enhanced coverage at a higher premium.

FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 33 Reviews)

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Liberty Bike Insurance Premium Calculator Reviews & Ratings

4.7 / 5 (Based on 33 Reviews)
(Showing Newest 10 reviews)
Prakhar
Vadodara, August 18, 2021
Instant updates
I bought Liberty Two wheeler insurance policy from policy bazaar.i liked this policy for their features and benefits.company giving the cashless claim at more than 600 network garages and hassle free documentation. they keep on giving prompt update to their customers that is why i chose it.
Anurag
Rajendra Nagar, June 04, 2021
Easy to renew
I recently renewed my two wheeler insurance policy from the website of the policybazaar. It was the plan of liberty two wheeler insurance and I really like it and thats why I want to renew and continue with it.
Neeraj
Pune, June 04, 2021
Discounts available
It is one of the easiest way to buy a liberty two wheeler insurance plan online. I had bought the plan online from policybazaar and even got a huge discount. It was quick and hassle free.
Subhash
Partapgarh, June 04, 2021
Bought plan of my choice
I had bought the liberty two wheeler insurance plan of my choice and I really love it. I had checked various plans into the website of policybazaar and found the suitable one. Thank you team.
Anmol
Jabalpur, February 10, 2021
Multiple Plans
I have been using Policybazaar for a couple of years to insurance my Bajaj Pulsar bike. They offer multiple policies with lower premiums. I have been renewing my Liberty two wheeler insurance policy every year at Policybazaar and I am satisfied with their services. I will again renew my policy with them and advise you too.
Gautam
Idar, February 10, 2021
Low Premiums
I purchased a new Honda Splendor bike last month and was looking to buy insurance policy for my bike. I decide to check Policybazaar on my friend’s idea. They had so many affordable insurance plans with a variety of coverage. I bought my Liberty two wheeler insurance policy for an affordable premium online. I recommend it to everybody.
Balendra
Padampur, February 10, 2021
Best Buy
I recently purchased my Liberty two wheeler insurance policy for my Honda Activa scooty from Policybazaar. They had a lot of insurance options and I chose this plan because it was affordable and had my choice of coverage. I bought the policy within a few minutes. The website is great to buy the best insurance policy.
Kavi
K.singpur, July 06, 2020
Benefits
I got great number of benefits from policybazaar after getting my bike insurance done. It was really an awesome thing.
Shahid
Vadali, July 03, 2020
Customer service
The customer service team is very nice and generous. They understood the need of my type of insurance and shared the same with me.
Jagriti
S.c. Pur, July 02, 2020
Great comparison
Before buying the insurance I compared it with different sites. I searched a lot and I found that I can get the best premium policy from policybazaar only.

^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