A bike insurance calculator is a tool that gives the user an estimation of thepremium they would have to pay for their two wheeler insurance policy. All you need to do is provide information regarding the make of your bike, the model,registration date, city in which you registered, and the type of your bike insurance policy. With this, the bike insurance calculator will provide an estimated quote to you. You can even include add-ons that you might have chosen.  

Since this tool is easily available online, it can also be used to compare the quotes of different third  party bike insurance online plans that you come across online. Once you are aware of the rates, you can easily compare the plans based on thecoverage they are providing you. You can even make changes as per what youexpect from a policy and then check the rates. Thus, the bike insurance calculator helps you in finding a two-wheeler insurance plan that is suitable for you.  

Let us learn more about these calculators: 

How to use a bike insurance calculator? 

Usingthis calculator is really simple. First, you need to fill up the details ofyour bike, such as its make and model. Next, you fill-up the city ofregistration, the year in which you purchased your bike, and the showroomprice. Once you are done with this, you would be required to confirm whether you have made any claims in the past. The calculator will then show you the premium quotes as well as the insured declared value (IDV) of your bike. With these details, you can then select a two-wheeler plan that you find suitable as per your requirements. You can even include any add-ons or comprehensive coverage that you have purchased, and based on this information, the bike insurance calculator will display the final premium amount for your bike.

Importanceof using a bike insurance calculator  

1. Helps in avoiding high bike insurance premiums 

Oneimportant reason why it is so important to use a bike insurance calculator is thatit helps you checking the premium of a bike insurance plan before you buy it.This helps you to avoid buying a plan that you find too expensive.

2. Helps you get the best deal  

Since this calculator helps you to compare thedifferent bike insurance plans, you can easily check the prices of numerousplans before choosing one. This ensures that you get the best bike insurance plan. 

Benefitsof using a bike insurance calculator  

1. Eliminates the need of an agent   

Earlier,you needed an agent in order to learn about the various bike insurance plans.But with a bike insurance calculator, you can compare the plans yourself, leaving out the need of contacting an agent.

2. Assistsyou in getting the right IDV  

Theinsured declared value is an amount you will receive from the insurance companyin case you make a claim. A bike insurance calculator helps you in determining the ideal IDV for your bike.

We hope this article has been informative, all the best!