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Chola MS Premium Calculator Bike Insurance India
A bike insurance calculator is usually an online tool that is free and gives the estimated premium for a two-wheeler insurance plan. A bike insurance calculator is used to help the bike owner understand what premium needs to be paid to buy insurance for his bike. The calculator takes the following details of the bike in order to calculate the bike insurance premium. Make, model, and variant of bike
Ex.showroom price of the bike
Registration city of the bike
Year of bike purchase

Accurate Bike Value The calculator tells you the current market value of your bike, known as the Insured Declared Value (IDV). This helps in making sure that you have the right amount of coverage based on your bike's real worth.Know Your Premium Cost By using the calculator, you can see exactly how much you will need to pay for your bike insurance. Through this way, you can maintain your budget accordingly.Make Informed Choices A calculator helps in comparing different quotes from various insurance providers. This makes it easier to know which insurance company offers the best benefits and coverage that caters to your needs.Find Affordable Options It provides quotes from all insurance companies on one page, enabling you to compare and find an insurance policy within your budget that will meet your requirements.
Engine Capacity Premium to buy a new policy (5 years plan) Premium to renew existing policy (1 year plan) Not exceeding 75cc Rs. 1,045 Rs. 482 Exceeding 75cc but not exceeding 150 cc Rs. 3,285 Rs. 752 Exceeding 150 cc but not exceeding 350 cc Rs. 5,453 Rs. 1,193 Exceeding 350 cc Rs. 13,034 Rs. 2,323 Engine CC of the E-Bike Third Party E-Bike Insurance Premium Prices (in ₹) (w.e.f 1st June 2022) Up to 3 KW ₹ 457 Over 3 KW and up to 7 KW ₹ 607 Over 7 KW and up to 16 KW ₹ 1,161 Over 16 KW ₹ 2,383 Disclaimer: The third-party insurance rates mentioned in the above tables may vary depending on the age, make and model, and city of registration of the two-wheeler.
To use the calculator, follow these steps:Log on to the official website of Square Insurance Brokers.Click on "Buy Two-Wheeler Insurance."Enter details about your bike's make, model, and other registration information.Choose the type of coverage you want for your bike.Click "Calculate Premium", and the available insurance plans will appear on your screen.You can include additional covers you want to add and details of any No Claim Bonus if you have them.Thereafter, the calculator will show your premium amount as per the filled information.
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FAQs
Several factors can affect your bike insurance premium, including:Insured Declared Value (IDV)Add-on CoversAnti-theft DevicesEngine CapacityModificationsBike’s AgeOwner’s AgeNo Claim Bonus
Yes, you can use a premium calculator for both new and used bikes. It helps specify the Insured Declared Value (IDV) and helps in calculating the premium amount offered by different insurance providers.
You need to renew your bike insurance policy on a yearly basis to continue the protection. As most of the policies related to bike insurance last for one year, renewals of the policy are quite essential for maintaining continuity in the protection cover that is provided under the policy.
Yes, you can change the insurance provider when renewing your policy. With the help of a premium calculator, you can compare quotes and choose a provider that offers the best coverage and value.
If you need to update details such as your address or bike modifications, contact your insurance provider directly. They can guide you through the process of updating your policy information to ensure it remains accurate.