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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Get Two-Wheeler Insurance starting @ only ₹482/year*
  • Save up to 85%

    Lowest 2W Premiums
  • 20+ Insurers

    To Choose From
  • 68 Lakh+

    Bikes Insured

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

Stay home & renew bike insurance in 2 minutes
No Documents Required
Enter Bike Number
View Instant Quotes
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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 the bike 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

Shriram Bike Insurance Premium Calculator Reviews & Ratings

4.6 / 5 (Based on 12 Reviews)
(Showing Newest 12 reviews)
Taru
Varanasi, August 18, 2021
Pocket Friendly
I got an affordable plan of Shriram General Two Wheeler insurance policy.i got a pocket-friendly plan with a great coverage and documentation procedure was quite easy. Team provides you the best service and fully support. you can buy policy offline as well as online.
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.
Vatsal
Aurangabad, August 18, 2021
Roadside assistance
I have bought Shriram two wheeler insurance from policy market. I did not have to pay any extra charges. i got several advantages like roadside assistance and many more. i got protection for my vehicle.
Mannu
Shikohabad, June 04, 2021
Roadside assistance
Last year, I bought Shrira, general two wheeler insurance through policybazaar. I got stuck on a highway far from the city a month back because of the flat tyre. When I called Shrirams customer service, they sent me help within a short time. I was happy they responded quickly to my request.
Gopal
Navada, June 04, 2021
Good cover amount
My policy also offers me good coverage amount in case I face personal accident complications. I really like this two wheeler insurance plan from Shriram group.
Vimlendra
Delhi, June 04, 2021
Affordable plans
Shriram general insurance offers very affordable plans for protecting bikes and scooters. I have been their customer for more than three years since I last bought this plan through policybazaar. I also customised it a little to suit my requirements.
Nilesh
Odagoan, February 01, 2021
Instant Policy Renewal
I have a Suzuki Intruder bike but wanted to change my insurance company during renewals. I decided to give Policybazaar and entered my bike information. I was shown so many options by different insurance companies and the premium was also different. I bought Shriram General Insurance and paid the premium online. The best part was that the policy was issued almost instantly. You can also give Policybazaar a try.
Bhaumi
Nabadwip, January 29, 2021
Plans for Every Budget
I had bought a new Yamaha YZF bike and was looking for an appropriate two wheeler insurance for it. On Policybazaar, I found a variety of plans from different insurance companies and with different budgets. I chose Shriram General Insurance as it suited my budget and provided necessary coverage. I recommend it to all of you.
Aayushi
Vadali, January 29, 2021
Easy Claim Process
I had purchased two wheeler insurance from Shriram General Insurance at Policybazaar for my Royal Enfield Classic 350. Unfortunately, it got stolen and I had to raise a claim. The claim support team at Policybazaar is extremely helpful. They guided me through the process and answered all my queries. In a few days, I received my claim amount. Thank you for the help.
Allen
Odapadaa, September 18, 2020
No claim bonus
I have got the no claim bonus certificate from the policybazaar as for my shriram general two wheeler insurance policy. Thank you team Policybazaar.
Atralarasu
Hadol, September 14, 2020
Low premium price
I have got the shriram two wheeler insurance policy from the policybazaar and it is the best plan. The premium rate of the price of my two wheeler plan is very much less and convenient. Thank you policybazaar.
Rahul
Rampur, May 16, 2016
Good Plan
I own shriram two wheeler insurance plan which is very nice and good benefits. The tow facility is free. Large number of garages are working with company and providing good service. The policy coverage and claims are high and the premium is low. Good behaviour of the executives with clam nature. I like the policy.
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