National Two-Wheeler 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.

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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 two-wheeler insurance policy. 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 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.

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National Two-Wheeler Insurance Premium Calculator Reviews & Ratings

4.8 / 5 (Based on 45 Reviews)
(Showing Newest 10 reviews)
Harish
Nashik, October 09, 2021
Add on cover
Customization is the best option on the website of Policybazaar. After comparison I bought national two wheeler insurance and with add ons I added additional features under it. I really liked the coverage that is provided in my plan.
Pradeep
Agra, October 09, 2021
Good features
I have saved my savings from getting wasted in unwanted expenses. I took National Two Wheeler Insurance for my bike and It provided me the facility of cashless repair in case of damage to the insured bike due to an accident.
Rimzhim
Ghaziabad, August 18, 2021
Easy payment mode
I have seen so many deals on the various website then i bought a national insurance plan for my vehicle from policy bazaar. i am so satisfied and happy with the services of policy bazaar.online procedure was smooth and making payment was easy.
Ritish
Ludhiana, August 18, 2021
faster claim settlement
I got low cost plan for my two wheeler from National two wheeler insurance which i took from policy bazaar. they are providing me faster claim settlement under my plan.i do not need to go anywhere to track my status i can do this from home itself.
Sakshi
Agra, August 18, 2021
Best deals
I was not satisfied with my previous policy and I talked to my friend about this and my friend suggested me to switch your plan and buy from policy bazaar, you will like their plans.now i am satisfied with my new plan.
Sohan
Gadag, May 10, 2021
Quick and easy claiming process
I was looking for a two wheeler insurance policy for my bajaj pulsar 125. I wanted to purchase a policy which does not require me to run around to get the claiming done. I ended up purchasing the National two wheeler insurance policy because the promise to provide quick claiming process. Thanks team
Divesh
Faridabad, May 10, 2021
Low premium rates
I recently bought a Honda active and I was looking to purchase a two wheeler insurance policy. I went online and went on the policybazaar website. I was amazed to see so many insurance policies and I chose the national two wheeler insurance policy because it fit my budget and the premium rates were low. Thanks guys.
Roma
Hadol, May 10, 2021
Good coverage
I was looking for a two wheeler insurance policy for my Honda shine. I purchased the bike recently and I wanted a policy that could provide cover in case of accident happens. I went on policybazaar and I bought national two wheeler insurance policy because it fit my needs. Thanks team
Rohit
K.c. Pur, March 19, 2021
Numerous Methods to Make Online Payment
I purchased National Two-Wheeler Insurance for my Bajaj Pulsar 150CC bike through policybazaar.com. First of all, I want to say that despite being new at online purchase I did not find any difficulty in online purchase of bike insurance policy as their user interface is very easy, Moreover, policybazaar.com provides numerous options to make an online purchase which includes the use of debit/ credit card, NEFT transfer, using UPI payment, Net-Banking, etc. are to name a few. I used debit card payment and purchased policy without any issue.
Hemali
K.c. Pur, March 09, 2021
Quick and Simple Policy Renewal
I wanted to renew the National Two-Wheeler Insurance policy online and I selected policybazaar.com as a platform. The understandable user interface of this website helped me to quickly renew my policy.