SBI General Bike Insurance Premium Calculator

SBI General Bike insurance premium calculator is an online tool that helps you to calculate the premium for an SBI Two-wheeler insurance policy. You can obtain your bike insurance premium amount by entering a few details, such as your bike's model, year of purchase, city of registration, etc.

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How to use the SBI General Two-Wheeler Insurance Premium Calculator?

The method of calculating the premium for two-wheeler insurance is different from one insurer to the other. You can use the SBI bike insurance premium calculator to fill a form regarding the details of their bike, like its model, year of purchase, registered location, and more.

Follow the steps given below while calculating premium using an SBI General Bike insurance premium calculator:

  1. Specify the details of the bike, such as its model, and make fuel type and variant
  2. Mention the bike’s Registered Location
  3. Select the bike’s year of purchase
  4. Mention if you made a bike insurance claim in the past and submits the details
  5. The Insured Declared Value (IDV) will be shown after a click on the CALCULATE button
  6. You will also be able to see the premium for different two wheeler insurance plans

Benefits of using SBI General Two-Wheeler Insurance Premium Calculator

The benefits of using a two-wheeler insurance premium calculator are following-

  • Select the perfect premium plan for the bike – Online bike insurance premium calculator shows the premium quotes for several bike insurance plans. You can easily compare and choose the plan that works best for you in terms of the budget and coverage.
  • Ideal Insured Declared Value (IDV) –A right IDV is essential to claim the right claim amount for the vehicle. The right IDV is obtained from all the bike details you have entered, like your bike's model, variant, purchase year, city of registration, etc.
  • The Decision about plans becomes easy – Using the bike insurance calculator, you get to know the current market price of their bikes and the premiums offered by the Insurer.

Third-Party Two-Wheeler Insurance Premium Rates

Third-Party Two-Wheeler Insurance Premium Rates are given in the table below. However, you can use the third-party two-wheeler insurance premium calculator to calculate the premiums:

 

Engine Capacity of the Bike

Third Party Bike Insurance Premium

Under 75 cc

Rs. 1,045 approx.

Exceeding 75 cc but not 150 cc

Rs. 3,285 approx.

Exceeding 150 cc but not 350 cc

Rs. 5,453 approx.

Exceeding 350 cc

Rs. 13,034 approx.

Premium for Comprehensive and Standalone Own-Damage Bike Insurance Plans

Standalone Own-Damage Insurance for a bike is a type of bike insurance that covers the insured bike only. The coverage is not provided to the third party person, vehicle or property. This type of insurance plan will cover all damages and losses incurred due to bike accident, theft, fire, etc.

In some bike insurance plans, the insurance given will cover the policyholder's bike and the third party's person or vehicle for the damages and losses incurred.

Factors affecting Two-Wheeler Insurance Premium

Following are the factors that affect the insurance premium of your two-wheeler vehicle-

  • Modifications – Modifications are made to the bike by some people to enhance its performance and make it look more attractive. But sometimes, it is disguised as a danger to the bike and the person as well. Any mistake can occur while installing the vehicle's modifications, making it unsafe to drive on the road. This increases the chances of accidents and also the premium amount.
  • Insured Declared Value (IDV) –IDV is the total sum provided at the time of the claim. The IDV is higher when an individual’s bike functions highly. Therefore, a higher premium amount is required to pay to get insurance.
  • Anti-theft devices – Anti-theft devices also play an important role in deciding the premium for bike insurance. Anti-theft devices installed in the bike increase its security level, which reduces the risk of offering compensation to the insured's bike.

FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 42 Reviews)

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SBI General Bike Insurance Premium Calculator Reviews & Ratings

4.8 / 5 (Based on 42 Reviews)
(Showing Newest 10 reviews)
Amrutanshi
Guwahati, October 09, 2021
Easy to buy
Insuring the bike is quite easy. Policybazaar provides the easiest process to buy any kind of policies. customers can easily compare different plans on one platform and calculate the exact premium rate with the help of premium calculator. I went through the same process and it was really easy.
P
Madurai, October 09, 2021
Supportive team
I never bought policy before this. i have taken the sbi general two wheeler insurance from policybazaar. i bought my plan with help of policybazaar team . they guided me and explained every single step of procedure to me. Their team always gives the best suggestions to their customers.
Prakhar
Raipur, October 09, 2021
High coverage
In my sbi general two wheeler insurance, i have got coverage against unplanned incidents. i have got coverage not only for the insured vehicle but also for the personal accident of the driver/owner. i have added pillion rider feature by paying an additional amount.
Akshat
Chandigarh, October 09, 2021
Affordable plan
After searching affordable plan for bike on Google i found the website of Policybazaar. in my sbi general bike plan i have got coverage against damages or losses to the insured bike due to accident. i have got little discount on the premium rate.
Rimzhim
Kota, October 09, 2021
Easy to buy
It is way convenient to check the plans on the website of Policybazaar. The interface of the website is user friendly and all the information regarding each policy is given on the website. Even I bought sbi general bike plan online from here.
Ritika
Vasai Virar, August 18, 2021
Easy to compare
I got a great package of SBI Two wheeler policy from policy bazaar website.i just bought a bike 2 months ago. one of my friend suggested me to insure my bike. after comparing so many plans i took right one according to my pocket.
Vishwas
Gorakhpur, June 04, 2021
Good coverage
The coverage amount of my two wheeler insurance plan is much better and good. I kept it high so that in case I faced any emergency then it can be used easily and I wont face burden.
Surendra
Basti, June 04, 2021
Roadside assistance cover
In my SBI general insurance plan, which I took 3 years back I had taken the cover of roadside assistance. The plan is naturally very good and I am happy with the services of the team. Even I have suggested many of my friends to buy this plan.
Harbhajan
Balia, June 04, 2021
Affordable two wheeler plan
I took the SBI general two wheeler insurance plan from the website of the Policybazaar. It is very much affordable and easy to buy online. I can even customized my plan as per my requirements. I am thankful to policybazaar for giving such good plans.
Shravan
Odagoan, February 15, 2021
Liability Cover
I bought third-party liability cover for my bike. They called me to check if I bought the right policy or want to upgrade the plan. They always help me suggest policies with maximum coverage as per my pocket.

^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