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HDFC ERGO Bike Insurance Premium Calculator
The HDFC ERGO bike insurance premium calculator is a free online tool that helps you figure out how much you might pay for your bike insurance. The cost depends on things like the type of bike you have, its engine size, and where it’s registered. Keep reading to learn all about how to use this calculator for HDFC ERGO bike insurance.
Third Party Bike Insurance Premium Rates
| 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 |
Third Party Electric Bike Insurance Premium Rates
| 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.
Bike Insurance Plans By HDFC Ergo
How to Use a Two-Wheeler Insurance Premium Calculator?
Here’s how to use a two-wheeler insurance premium calculator:Go to the Square Insurance Brokers website.Click on “Buy Two-Wheeler Insurance.”Fill in details about your bike like its make, model, and other information from the registration certificate.Choose the type of insurance you want for your bike.Click on “Calculate Premium” to see the insurance options available to you.Add any extra coverage you want and enter details of your No Claim Bonus if you have one.The calculator will then tell you how much your insurance will cost based on the information you provided.
Key Factors That Influence Your Two-Wheeler Insurance Costs
Here are some things that decide how much you pay for two-wheeler insurance:Insured Declared Value (IDV) This is the maximum amount you can get from the insurer if your bike is stolen or completely destroyed. The higher this value, the more you'll pay for insurance.Engine’s Cubic Capacity The size of your bike’s engine also affects your insurance cost. Bigger engines usually mean higher insurance prices because they use more fuel and other things.No Claim Bonus (NCB) This is a discount you get on your insurance if you didn't make any claims last year. This discount can be from 20% to 50%, reducing your insurance cost.Anti-Theft Devices If your bike has devices that make it less likely to be stolen, your insurance cost can be lower because it’s less of a risk for the insurance company.Age of the Owner Older bike owners often pay less for insurance because they are seen as more careful riders compared to younger ones.
FAQs
It's a free online tool on the HDFC ERGO website that helps you figure out how much you need to pay for your bike insurance.
You need to know your bike’s make, model, and other details like the engine size and your registration information.
Yes, the size of your bike's engine can change the cost. Bigger engines usually mean higher insurance prices.
Yes, if your bike has anti-theft devices, it can lower your insurance cost because it reduces the risk of theft.
If you haven't made any insurance claims in the past year, you can get a discount on your premium, which can range from 20% to 50%.