TATA AIG Bike Insurance Premium Calculator

The TATA AIG bike insurance premium calculator is an online tool that provides customized results based on information provided by you and helps you in determining bike insurance premiums before the policy purchase.

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How to use the TATA AIG Bike Insurance Premium Calculator?

Getting access to the tool is not difficult as it is available free of cost online. You can follow these steps as given below:

  1. Enter your vehicle details like registration details, make, model, etc.
  2. You can add any add-ons if you wish to purchase
  3. Give details of previous claims pertaining to the vehicle, and in case you haven't made any claims previously, you can also apply for NCB(No Claim Bonus)
  4. Click on calculate to get access to all the details related to your premium

Benefits of TATA AIG Bike Insurance Premium Calculator

Tata AIG bike insurance premium calculator can help you calculate your policy premium along with the benefits as given below:

  • Helps in decision making

The bike insurance calculator provides you the details of the premium amount and IDV and hence assists you in choosing the right policy with a feasible premium amount.

  • Gives the premium amount

The premium calculator collects all the required data to estimate the policy premium amount correctly. This is the money you would be paying to ensure your vehicle’s safety under this policy.

  • IDV information

IDV determines your compensation if the vehicle is 75% or more damaged or if it has been stolen and lost completely.

Third Party Two Wheeler Insurance Premium Rates

The IRDAI or the Insurance Regulator and Development Authority of India decide the rate of premium. This amount is determined by your bike and varies from time to time. Refer to the table below for the latest rates by IRDAI

Engine Capacity of Bike

Third Party Bike Insurance Premium Rates

Up to 75cc

Rs.1045

Above 75cc but below 150cc

Rs.3285

From 150cc to 350cc

Rs.5453

Above 350cc

Rs.13034

Factors affecting Bike Insurance Premium

A policyholder’s two-wheeler premium is determined and affected by several factors. Your premium will be determined by the amount of risk your bike carries. The premium amount varies owing to several factors such as:

  1. Coverage and type of the policy

    It is one of the main factors that determine your bike insurance premium amount. If you decide to purchase a basic insurance cover and mandatory third party insurance cover, his premium will be relatively less than the comprehensive bike insurance. This is because of the coverage covered by both of them. The lesser the coverage, the lesser is the premium amount, and the cheaper the policy is.

  2. Cubic Capacity of the Engine

    The premium is mainly calculated based on the bike's cubic capacity. A high CC means a high premium amount.

  3. IDV

    A basic model bike will be less expensive as compared to a designer or sports bike. The IDV will be higher for expensive two-wheelers or bikes, resulting in higher premiums.

  4. Age of the Vehicle

    The insured’s compensation is paid as per the bike’s market value. Hence, for a new bike, the insurer would be required to pay more. So, it charges you more in terms of the premium amount. Hence your premium amount decreases as your bike ages and slowly loses its market value. Hence, the bike’s age is inversely related to its IDV, directly related to your premium amount. IDV (Insured Declared Value) is the approximate market value of the bike and the amount for which the bike is insured.

  5. Modification

    Modifications are changes in appearance or embellishments that you have applied to your vehicle to enhance its look or efficiency. This involves modifying parts or changing certain parts and adding new ones. Due to these modifications, the premium amount of such bikes increases. Thus, embellished bikes are more likely to be robbed and carry more risk.

  6. Add on covers

    Add-on covers are included for extra cost on your bike insurance policy. These are useful in certain situations, but they add to your premium amount.

  7. Installation of the Safety Devices

    If the bike is fitted with safety devices like burglar alarm, then the customer will have to pay lesser premium as the theft risk reduces.

  8. Geographical Location

    Your premium amount also depends on the place or locality where the two-wheeler plies. In low-risk areas like small towns and villages, the accidental risk factor decreases, decreasing the premium cost. But the holder will have to pay more premiums for the same bike if used in heavy traffic conditions.

  9. Age of the Insured and Driver Record

    Young drivers carry a high risk of accidental damages as they are new to riding and traffic rules. Hence, their premium will be higher than a comparatively older, more experienced, and seasoned rider. Also, a driver with a bad driving record will be required to pay more premiums than safe drivers. 

FAQs 

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 36 Reviews)

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TATA AIG Bike Insurance Premium Calculator Reviews & Ratings

4.8 / 5 (Based on 36 Reviews)
(Showing Newest 10 reviews)
Ish
Bhubaneswar, October 09, 2021
Excellent service
If I talk about my experience with Policybazaar, it has been great so far. It has been a long time since I am using the Tata aig bike plan that I bought from Policybazaar. I have received excellent service since the beginning. Completely satisfied with my plan
Divyansh
Jalandhar, October 09, 2021
Remarkable services
I have received noteworthy services from Policybazaar during the renewal of Tata aig plan which I bought for my bike last year. This was the first renewal so I was not aware of the process. So I took the help of a customer service executive for the renewal.
Ramlal
Kolkata, October 09, 2021
Financial support
Thanks to Policybazaar for giving a great suggestion. i got financial assistance when my bike got damaged. Policybazaar provided me all the facilities, which were promised when I was taking Tata aig Two Wheeler Insurance from here.
Sriram
Dhanbad, August 18, 2021
Easy to manage
Policy bazaar offered me a great deal for my vehicle. I bought Tata AIG two wheeler policy which was easy to buy online.policy bazaar has easier payment method which is quite good. i liked the proffesionalism and supportive nature in the team. i found easy to manage with the policy bazaar.
Pratul
Moradabad, June 04, 2021
Comprehensive cover
I recently bought Tata AIG two wheeler insurance after comparing it with five other plans. I was able to do so through policybazaar. Everything went very smoothly and I got comprehensive coverage for me and my bike. Thank you Tata AIG and policybazaar.
Mudit
Hardoi, June 04, 2021
Insurance company change
Last year I changed my two wheeler insurance company to Tata AIG. It was an easy process for getting good benefits and better claim settlement ratio. Thank you policybazaar for assisting.
Ashish
Jaipur, June 04, 2021
No claim bonus
Three years ago I bought Tata AIG bike insurance plan and I have been renewing it since then. I also received no claim bonus last year. Thank you policybazaar for your easy online services.
Nolan
J.n.prasad, October 12, 2020
More exposure
I have insured my two wheeler with the help of tata aig two wheeler insurance policy from the policybazaar. I have got to know about different plans and the policies. Thank you policybazaar.
Shreshta
Vadgaon, September 28, 2020
Natural calamities
I have taken the tata aig two wheeler insurance policy from the policybazaar. It has given me the coverage related to natural calamities and other things. Thank you team policybazaar.
Sahdev
Quilandy, September 24, 2020
Best plans
I have recently got the taat aig two wheeler insurance policy from the policybazaar. It is really amazing plan which I got. Thank you team policybazaar.

^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