To estimate the premium of a third party bike insurance or any other insurance for that matter, you will need to take numerous factors into account such as policy type, coverage, add-on benefits, etc. Also, the premiums offered by various insurance companies vary significantly. However, to find the premium of the two-wheeler insurance plans that match your requirements, you can utilize a bike insurance calculator.
A bike or two-wheeler insurance calculator is an online tool that accepts inputs like two-wheeler insurance type, expected coverage, add-on benefits, etc., and returns the insurance plans that match these requirements along with the premium. The following steps can be followed to estimate the price or premium of a third party bike insurance policy:
Enter details of your bike
Enter details like bike model number, variant, make, showroom price, etc., and submit it to the calculator.
Submit location details
After that, you can submit your city of registration, the year in which the bike was purchased, claim details of the past, etc. to the calculator.
Select necessary add-on covers
If you require some additional cover for your bike such as zero depreciation bike cover, engine protection cover, key protection plan, etc. you can select them. Remember that the policy premium will increase as you keep including more add-on plans in your original two-wheeler insurance policy.
Pick a plan from the list
Once you have entered all the necessary details, you can click on the 'Calculate' button and the calculator will display a list of a third party and comprehensive bike insurance plans as per the details you had entered. The premium of these policies will be given alongside to give you a better idea.
You may also compare the various bike insurance by utilizing an online platform like Bajaj Finserv website. Insurance policies of various insurance companies are available on this platform which allows you to compare and find the suitable insurance plan for your bike seamlessly.
Read More: 3 Major Types Of Bike Insurance Plans You Must Know
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