Tata AIG Two Wheeler Insurance Premium Calculator
A bike insurance premium calculator is an online tool that assists in determining the correct amount of insurance premium for Tata AIG bike insurance. You can get instant quotes for premiums by providing information about your bike's make, model, variant, and RTO location. It allows for a comparison of the quoted premium by different insurers and selects the one as per your requirements and budget.
Benefits of Using a Two-Wheeler Insurance Premium Calculator
1Get the Right Insured Declared Value (IDV)
This calculator will help get the correct IDV of a bike by selecting the make, model, and age. If a person knows the right IDV, then they will be able to get the right amount in case of theft or complete loss of their bike.
2Find the Correct Premium Amount
The most important use of Tata AIG two wheeler insurance premium calculator is to fetch you the exact premium of your bike insurance. This would help you to further compare and select the best insurance plan that would best fit your needs.
3Helps in Decision Making
By providing current premium rates in the market, this calculator helps you make informed decisions about your bike insurance, ensuring you know what you're choosing.
4Get the Best Plans
With the help of a Tata AIG two wheeler insurance premium calculator, you can calculate the IDV and exact amount of the premium by which you will be able to find the most cost-effective and valuable insurance plan for you, saving money as well as with good coverage.
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 |
Using a Two-Wheeler Insurance Premium Calculator
- Choose Your Bike Details: Start by selecting your bike's make, model, variant, and fuel type.
- Enter Registration Details: Mention the location where your bike is registered and its year of purchase.
- Claim History: Mention if you made any insurance claims during the previous policy period.
- Calculate: Click the ‘Calculate’ button to get the correct Insured Declared Value (IDV) and premium estimates for your bike insurance.
Factors that Affect the Bike Insurance Premium Amount
- Anti-Theft Devices: Installation of anti-theft devices on your bike brings down the premium. These reduce theft risks, and thus bike insurance companies will consider your bike less at risk.
- Year of Registration: The age of your bike affects your premium; newer bikes generally have higher premiums due to their higher market value and replacement costs.
- Insured Declared Value (IDV): IDV is the maximum amount you can claim from the insurer if your bike is stolen or totally lost. A higher IDV brings higher premiums, as it increases the liability of the insurer.
- No Claim Bonus (NCB): If you don't make any claims during your policy period, you can earn a No Claim Bonus, which can reduce your next premium, rewarding safe and claim-free driving.
- Add-On Options: Choosing add-on coverage options, like zero depreciation or roadside assistance, will increase your premium. They provide extra protection but at a higher cost.
FAQs
To use the premium calculator, you need to fill in details like your bike’s make, model, variant, fuel type, registration year, and location.
You can use the premium calculator on the Square Insurance website to calculate the insurance premium for your bike.
The estimates from a bike insurance premium calculator are quite accurate if you enter all the required and correct details. However, the final premium might slightly vary based on additional factors assessed by the insurer.
Yes, many premium calculators let you compare different insurance policies side by side based on premiums and coverages, allowing you to make a more informed decision.
Entering incorrect data can result in inaccurate premium estimates. To ensure accurate results, double-check all of the information you enter.
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