Shriram Bike Insurance Premium Calculator

Bike Insurance premium calculator is an effective tool to help you understand the premium mentioned in your two-wheeler insurance quotes. Shriram bike insurance premium calculator provides a hassle-free and easy way to obtain the insurance premium amount. Apart from this, by using the Shriram bike insurance premium calculator, you can also compare the insurance quotes to make an informed decision.

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How to use the Shriram Bike Insurance Premium Calculator?

It is simple to use the online premium calculator, and the process is given below:

  • To use the bikeinsurance premium calculator, you can visit the official website of the Insurer or Policybazaar Insurance Brokers Private Limited
  • You would need to fill in basic information on this page, as- name, mobile, email, city, and area. Besides this, vehicle information needs to be filled in, as the city of registration (RTO); Bike make, Fuel type, Registration/Invoice date, and Bike Modal need to be filled in.
  • After filling in all these details, click on the 'Calculate Premium' button, and the result will come up with policy type, quote-id, and date, cover description, along with the Premium and the sum insured.

Benefits of Shriram Bike Insurance Premium Calculator

The benefits of the Shriram bike insurance premium calculator are given below:

  1. Determines the Right IDV

    The two-wheeler insurance premium calculator gives you the right Insured Declared Value. It takes into account other factors such as the bike's make, model, and fuel type. With the right IDV, you can be assured that you will get the required compensation according to market value in case of total loss or theft.

  2. Compare Different Premium Plans

    The most important benefit of using the premium calculator is that individuals get to know the right premium. Also, it helps to compare different insurance plans and choose the best-priced one that fits with the individual’s needs.

  3. Select right Add-ons

    The bike insurance calculator helps the bike owner decide which add-on he should opt for and how different add-ons affect the premiums. The right add-ons provide extra protection and coverage for all situations.

  4. Choose the right Premium

    With two wheeler insurance premium calculator, you get to know in advance the right amount of premium that needs to be paid. It helps you make an informed choice and plan your finances better.

Third Party Two Wheeler Insurance Premium Rates

Engine Capacity

Premium to buy a new policy- (5-year plan)

Premium to renew an existing policy-(1-year plan)

Up to 75cc

Rs 1,045

Rs 482

Above 75cc but below 150cc

Rs 3,285

Rs 752

Above 150cc but below 350cc

Rs 5,453

Rs 1,193

Above 350cc

13,034

Rs 2,323

 (Source: IRDAI)

Factors affecting Shriram Two-wheeler Insurance Premiums

Different factors determine the bike insurance premium, so it is advisable to understand the factors that determine your policy premium. Some of the factors are given below:

Insured Declared Value

It is the market value of your bike that is determined by the manufacturer. It is based on the bike's model, variant, registration date, and the age of the bike.  Every year the value of the bike reduces due to the depreciation of the bike’s parts. The insurance company pays the compensation based on the bike's market value at the time of claim settlement.

No Claim Bonus (NCB)

For every claim-free year, you earn NCB that helps in reducing your policy premium for the subsequent renewals.

Add-on Covers

While buying a Shriram two-wheeler insurance plan, you can avail of various add-on benefits such as Electrical & Electronic Accessories, Geographical Extension cover, Pillion cover, etc. These add-ons are available at a higher premium.

Anti-Theft Devices

An anti-theft device, having been installed in the bike, reduces the insurance company's liability, so you have to pay a lesser premium.

 FAQs

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 21 Reviews)

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Shriram Bike Insurance Premium Calculator Reviews & Ratings

4.8 / 5 (Based on 21 Reviews)
(Showing Newest 10 reviews)
Divjot
Moradabad, October 09, 2021
Claim settlement
I was coming home from my office and due to imbalance, I met with an accident. My bike was completely damaged in the accident for which I had applied for the claim. My bike was repaired cashless at the network garage of Shriram General Insurance Company.
Dhruvi
Gurgaon, October 09, 2021
Faster claim settlement
Thanks to Policybazaar for helping me get the claim settlement. I wanted to apply for the claim as my bike was damaged and I took the help of Policybazaar from where I had taken Shriram General Two Wheeler Plan. I got faster claim settlement because of Policybazaar.
Bhavana
Tiruppur, October 09, 2021
Midnight assistance
Policybazaar always pushes its limits to offer the best service to its customers. It was twelve at night when I contacted the customer care of Policybazaar for help. My bike was broke down and I needed tow facility. with the help of my Shriram general bike plan i got assistance at midnight.
Aryan
Aligarh, October 09, 2021
Faster claim settlement
Last week I met with an accident and my bike got completely damaged due to an accident for which I claimed. With the help of Shriram General Bike Plan, my bike got cashless repair. I have got financial assistance in my time of need.
Aryan
Bareilly, October 09, 2021
Trusted place
I am saying from my experience that Policybazaar is the most trusted place and gives the genuine advice without misleading the customer. I have recently renewed Shriram General Bike Policy which I am using since last four years. great experience with them.
Apoorva
Tiruchirappalli, October 09, 2021
Low cost
I liked Shriram Two Wheeler Insurance out of all the plans I have seen. i was randomly checking two wheeler plans on google and i came across the website of policybazaar. what i saw is Policybazaar is offering such good deals at low cost.
Anshika
Mysore, October 09, 2021
No claim bonus
I am happy to get my bike insured by taking shriram general insurance policy from Policybazaar. I have recently got no claim bonus as I did not take any claim settlement during my policy term. thanks to Policybazaar for giving such amazing features.
Ankur
Hubli Dharwad, October 09, 2021
Helpful staff
I had a great interaction with Policybazaar. The executive who was explaining the policy to me was so helpful and made everything clear and understandable by providing brief information about Shriram two wheeler insurance plan.
Ankit
Solapur, October 09, 2021
Easy to compare
Policybazaar is always on the list when it comes to getting the best deal. I found it very easy to compare different plans on the same platform. I have bought Shriram Two Wheeler from here and when I was buying, it became convenient for me to choose the best plan as they have so many plans available.
Theresa
Srinagar, August 18, 2021
hassle free procedure
i got many features under my Shriram two wheeler insurance policy which i took from policy bazaar. i got it at affordable rate and procedure was hassle free. it has a coverage against loss or damage to the insured vehicle under my 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