Two-Wheeler Insurance Calculator - Estimate Your Premium in Seconds

Before buying or renewing your bike insurance, it’s smart to know what you’ll pay - and why.

The Two-Wheeler Insurance Calculator from PolicyBachat lets you estimate your premium instantly based on your bike’s make, model, RTO, and age.

You can see how IDV (Insured Declared Value), No Claim Bonus (NCB), and add-ons like Zero Depreciation or RSA affect your total cost - all before you buy.

In this calculator uses live insurer data and IRDAI-approved formulas to show real-time premium estimates.

This guide explains how the calculator works, what details you need, and how to use it to find the right coverage at the right price.

What is a Two-Wheeler Insurance Calculator

It’s an online tool that helps you:

Estimate your insurance premium based on your bike details.
See how add-ons affect pricing.
Compare real-time quotes from multiple insurers.
Avoid overpaying or under-insuring your bike.

The calculator uses actual insurer pricing algorithms - not rough guesses.

How it Works

1 Enter your bike registration number - or select make, model, and variant.
2 Choose your RTO city - and manufacturing year.
3 Adjust IDV (Insured Declared Value) - manually or use suggested range.
4 Select add-ons - you want (Zero Dep, RSA, Engine Protect, NCB Protect).
5 Click Calculate Premium - see instant results.

Pro Tip: Adjusting IDV by ±10% can significantly change your premium and payout potential.

Inputs You’ll Need

Field	Example	Why It Matters
Registration Number	TS09AB1234	Fetches existing policy details
Bike Make/Model	Hero Splendor / Honda Activa	Determines IDV & base premium
RTO Location	-	Risk-based pricing
Year of Manufacture	{Y}	Affects depreciation & premium
Add-ons	Zero Dep, RSA, NCB Protect	Alters OD premium
NCB (if any)	20–50%	Reduces renewal premium

How Premium is Calculated

Total Premium = (OD Premium + TP Premium + Add-ons) - Discounts (NCB, Anti-theft, etc.)

OD Premium (Own Damage): Based on IDV and bike age.
TP Premium (Third-Party): Fixed by IRDAI annually.
Add-ons: Optional but increase coverage and cost.
NCB Discount: Reduces OD premium by up to 50%.

Example Estimates

Bike Type	IDV (₹)	Premium (₹)	NCB Applied	Add-ons Included
Scooter (Activa 125)	₹70,000	₹850	35%	RSA, NCB Protect
Commuter (Splendor Plus)	₹90,000	₹1,100	45%	Zero Dep
Sports (Pulsar 220F)	₹1,80,000	₹2,100	40%	Zero Dep, Engine Protect
Electric (Ola S1 Pro)	₹1,20,000	₹1,000	30%	Battery Protect

Advantages of Using Policybachat’s Calculator

Instant premium prediction - no agent calls.
Compare multiple insurers simultaneously.
Transparent IDV and add-on cost breakdown.
See renewal savings before paying.
Mobile-friendly - works in under 10 seconds.

Local Insights

Average premium difference between insurers: ₹1,250.
Top searched bikes for quotes: Activa 6G, Splendor Plus, Pulsar 150.
Avg. NCB claimed in Maharashtra: 42%.
Most used add-ons: Zero Depreciation + RSA.

How to Get The Best Value

1 Keep your NCB active for max discount.
2 Remove unused add-ons to cut cost.
3 Pick realistic IDV - not too high or too low.
4 Compare annual vs 3-year plans - longer tenure = lower per-year cost.
5 Check insurer’s claim ratio before choosing.

Frequently Asked Questions

Is the bike insurance calculator accurate?

Yes, it uses real insurer pricing models.

Is it free to use?

100% free - no signup required.

Does the calculator show real insurer quotes?

Yes, from IRDAI-approved insurers.

Can I buy directly after calculating?

Yes, click “Buy Now” to purchase instantly.

Does it work for expired policies?

Yes, includes renewal with inspection if needed.

Does it include EV bikes?

Yes, supports electric and hybrid models.

Does it show multi-year pricing?

Yes, you can toggle 1-year to 5-year policies.

Does the calculator factor in add-ons?

Yes, you can include/exclude add-ons dynamically.

Is GST included in premium shown?

Yes, total is inclusive of taxes.

Can I adjust IDV manually?

Absolutely - sliders allow custom IDV entry.

Does NCB auto-apply in calculator?

Yes, if you enter claim-free years.

Is the calculator safe?

Yes, no data stored - instant on-page computation.

Can I use it for multiple bikes?

Yes, you can calculate for different models back-to-back.

Does the calculator support long-term TP?

Yes, shows bundled TP + OD pricing.

Can I see premium per month?

Yes, EMI breakdown available for eligible insurers.

Customer Reviews

“Loved the calculator - clear and quick.”

Ravi K., Pune

“Got exact premium as shown - no surprises.”

Sneha D., Delhi

“Compared IDV easily for two insurers.”

Arjun M., Bengaluru

“Very helpful before buying my bike insurance.”

Kavita R., Hyderabad

“Accurate and transparent - best tool I’ve used.”

Vikram T., Chennai

“Saved ₹600 by tweaking IDV - thanks!”

Priya S., Mumbai

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Two-Wheeler Insurance Calculator - Estimate Your Premium In Seconds