Navi Bike Insurance Premium Calculator

The Navi two-wheeler insurance premium calculator is an online tool that assists in determining the appropriate premium amount for the Navi bike insurance plan. By providing some information about the bikes, such as the variant of the bike, its make, and model, the registration year, the RTO location, etc., you will be able to find out more about it.You can easily choose a cost-effective bike insurance plan after comparing the different premium amounts.

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Benefits of the Navi Bike Insurance Premium Calculator

Navi Bike insurance premium calculator allows the user to have certain benefits as follows:

  • Insured Declared Value (IDV)- By adding the model and make of the bike, its fuel type, variant, and age of the bike into a two wheeler insurance premium calculator, you can quickly get the exact IDV. With the appropriate IDV, you can figure out how much sum insured you can get from your insurance provider in the event of a theft.
  • Correct Premium Amount-The main goal of the premium calculator is to provide you with the correct premium amount for your bike insurance policy. It assists you in selecting a bike insurance plan that offers maximum protection as per your requirement.
  • Improves Decision Making- The premium calculator informs you about the current market values of the bike as well as the various insurance companies' premium rates. With the IDVs and premium costs of several bike insurance plans, you will be able to make an informed decision.
  • Choosing Premium as per your Pocket- You can use the premium calculator to compare the premium with and without add-on covers. It can help you understand the difference in premium and the correct IDV. Thus, it makes it easier to choose a relevant and cost-effective bike insurance.  

How to Calculate Two-Wheeler Insurance Premiums?

Step 1: Enter the bike's variant, make, model, and fuel type

Step 2: Fill in the year of purchase and bike's registered address

Step 3: Then the calculator will ask if you have filed a claim in the past years of the policy. Fill in accordingly 

Step 4: To calculate the right IDV and premium amount for bike insurance plans, click the 'Calculate' option

Two-Wheeler Third-Party Insurance Premium Rates

Engine Capacity

Premium To Buy a New Policy (5-Year Plan)

Premium To Renew Existing Policy (1-Year Plan)

Not exceeding 75 cc

Rs 1,045

Rs 482

Exceeding 75 cc but less than 150 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

Source: Insurance Regulatory and Development Authority of India (IRDAI))

Premium for Comprehensive and Standalone Bike Insurance Plans

The difference between the premiums for standalone and comprehensive bike insurance plans is determined by several factors, including the bike's model, and variant, fuel type, age, and engine capacity, registration place, etc. You can use a premium calculator to obtain fast premium results for various bike insurance policies.

Factors That Determine Two-Wheeler Insurance Premium

  • Cubic capacity of the engine:The cubic capacity of a motorcycle's engine impacts its power. As a result, the bike with a larger cubic capacity will produce more power, but it will also increase the chance of accidents, putting the insurance at risk.
  • IDV or Insured Declared Value:The amount that insurers must pay to the policyholders is known as the Insured Declared Value (IDV). However, as the value of the bike depreciates over time, so does the IDV. As a result, the lower the IDV of the motorcycle, the smaller the premium will be.
  • Add-on coverage:Add-on coverage is used to extend the policy's coverage. They can be obtained by paying a small additional premium on top of the usual charge.
  • Bike modifications:Adding modifications to a bike improves its performance and security. However, it raises the vehicle's worth, requiring the insured to pay more premium for getting adequate protection.
  • Anti-theft gadgets:Anti-theft devices provide additional security for the bike. It significantly decreases the danger of insurers having to compensate policyholders. Hence, premium amounts are also low.

FAQs

  • Q. Which type of insurance is required for a two-wheeler?

    According to the Motor Vehicles Act of 1988, third-party insurance is required for all vehicles including 2-wheelers. If you have recently purchased a new bike or scooter and have elected to get basic third-party bike insurance, you will be required to purchase a 5-year policy.

  • Q. What is the purpose of basic own-damage bike insurance? 

    Own damage (OD) insurance is a type of two-wheeler insurance that offers you own damage (OD) Coverage. Own Damage (OD) refers to coverage for damage to your vehicle.

  • Q. How to ensure lower bike insurance premium rates?

    If you don’t wish to pay higher premiums for your bike insurance, you can get a third-party insurance cover. It is because third-party plans have lower premium rates. If you want a comprehensive plan, then consider avoiding adding any add-ons to keep the premiums low.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 29 Reviews)

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Navi Bike Insurance Premium Calculator Reviews & Ratings

4.8 / 5 (Based on 29 Reviews)
(Showing Newest 10 reviews)
Alok
Ranchi, October 09, 2021
Less paperwork
There was no paperwork while buying Navi Two Wheeler Insurance online from the website of Policybazaar. The company showed me a lot of features in add on cover and I chose only 2 covers which is Road Side Assistance Cover and Hospital Cash Cover.
Shirija
Nashik, August 18, 2021
Affordable plans
Somebody suggested me to buy two wheeler insurance for my new bike then i found an affordable plan on the policy bazaar website.i bought the Navi two wheeler insurance policy. as compared to others policy bazaar service is very good and hassle free.
Paritosh
, June 15, 2021
Protection for my two wheeler
I have protected my bike by getting a navi two wheeler insurance policy from the website of the policybazaar. I really like the plan and it has been a blessing for my bike.
Raveendra
, June 15, 2021
Cost effective plans
One of the best thing I like about policybazaar is that they provide such two wheeler companies list who has cost effective two wheeler plans. I got the plan of navi two wheeler insurance policy and that is relevant for my bike.
Ashok
Hamirpur, June 04, 2021
Compare and buy it
I always prefer to compare and buy the two wheeler insurance policy. So, I visited to the website of the policybazaar and found the dhfl two wheeler insurance plan. The plan has so many features and it is available in affordable premiums.
Vikram
Vadakara, July 02, 2020
Easy policy
The policy taken by policybazaar is quite genuine. And I really like the services provided by them.
Yasmin
G.k. Bhatar, June 30, 2020
Cover for all
The policy is available for everyone. You can just visit the website and check the best one for you.
Sahil
Adaspur, June 29, 2020
Claim
The assistance of claim given by the policybazaar is quite quick and hassle free.
Ishita
Allahabad, June 29, 2020
Membership
So, I got my two wheeler insured from policybazaar and because of that I got the membership of automobile association of India.
Mohan
Vadnagar, June 20, 2020
Benefits
I got a good number of benefits while I associated with policybazaar. With less premium amount I got good discounts in the prices.

^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