Two-Wheeler Premium, IDV & NCB Calculator
ā 1 & 5 Year Plans - Long-term TP for new bikes
ā IDV Calculator - Accurate depreciation rates
ā 5 Add-ons - Zero Dep, Engine, RSA & more
Depreciation: 20%
TP Premium (1 year): ā¹1,366
Base rate: 2.8% of IDV
Zero Depreciation
Full claim without depreciation
Engine Protection
Engine & gearbox damage coverage
Roadside Assistance
24/7 towing & breakdown help
Return to Invoice
Invoice value on total loss
Consumables Cover
Oil, bulbs, nuts & bolts
Annual Premium (Incl. GST)
ā¹4,255
Monthly Premium (Approx.)
ā¹355/month
(Annual Ć· 12)
Vehicle IDV: ā¹80,000
šļø IDV (Insured Declared Value)
OD Premium
ā¹2,240
TP Premium
ā¹1,366
1 Year
Add-ons
ā¹0
GST (18%)
ā¹649
š° Premium Breakdown (1 Year)
| Own Damage (Before NCB) | ā¹2,240 |
| OD Premium (Final) | ā¹2,240 |
| Third-Party (IRDAI Fixed) | ā¹1,366 |
| Subtotal (Excl. Tax) | ā¹3,606 |
| GST (18%) | +ā¹649 |
| Total Premium (Incl. Tax) | ā¹4,255 |
š” Premium Calculation:
A Bike Insurance Calculator helps you estimate two-wheeler insurance premium by calculating IDV (Insured Declared Value), Own Damage premium, Third-Party premium, NCB discount, and add-on costs. It supports 1-year and 5-year policies for all motorcycles, scooters, and electric bikes.
Our calculator includes unique features: supports both 1-year and 5-year long-term TP (mandatory for new bikes from 2018), calculates IDV with IRDAI depreciation (5% to 50%), NCB discount up to 50%, bike type-specific rates (Scooter 2.5%, Commuter 2.8%, Sports 3.5%), engine CC-based TP premium (ā¹538 to ā¹2,804), and 5 popular add-ons with individual cost breakdown.
Best For:
Renewals & used bikes
āAnnual renewal flexibility
āLower upfront cost
āNCB accumulates yearly
āNeed to renew every year
š° Example: ā¹1L bike, 150cc = ā¹3,500/year
Best For:
New bikes (mandatory TP)
āOne-time TP for 5 years
āNo TP renewal hassle
āLegally compliant
āHigher upfront TP cost
š° Example: New bike, 150cc = ā¹7,365 (5-year TP)
š” Note: Since 2018, all new bikes must have 5-year Third-Party insurance. You can renew Own Damage yearly but TP is locked for 5 years.
| Engine Capacity | 1-Year TP | 5-Year TP (New Bikes) | Common Bikes |
|---|---|---|---|
| Up to 75 CC | ā¹538 | ā¹2,901 | Honda Activa Electric, TVS XL |
| 75 - 150 CC | ā¹714 | ā¹3,851 | Honda Activa, TVS Jupiter, Hero Splendor |
| 150 - 350 CC | ā¹1,366 | ā¹7,365 | Bajaj Pulsar, Royal Enfield Classic, KTM Duke |
| Above 350 CC | ā¹2,804 | ā¹15,117 | Harley Davidson, Kawasaki Ninja, BMW |
Activa Electric, TVS XL
Activa, Jupiter, Splendor
Pulsar, RE, KTM Duke
Harley, Ninja, BMW
š” Note: These are IRDAI fixed rates. TP premium doesn't depend on bike value, only engine capacity. All new bikes registered after Sept 2018 must buy 5-year TP.
| Bike Age | Depreciation | IDV Value | OD Premium (Approx.) |
|---|---|---|---|
| Under 6 months | 5% | ā¹95,000 | ā¹2,660 |
| 6 months - 1 year | 15% | ā¹85,000 | ā¹2,380 |
| 1 - 2 years | 20% | ā¹80,000 | ā¹2,240 |
| 2 - 3 years | 30% | ā¹70,000 | ā¹1,960 |
| 3 - 4 years | 40% | ā¹60,000 | ā¹1,680 |
| 4 - 5 years | 50% | ā¹50,000 | ā¹1,400 |
| 5+ years | 50% (max) | ā¹50,000 | ā¹1,400 |
š” Formula: IDV = Ex-Showroom Price - Depreciation. OD Premium ā 2.8% of IDV (for 150cc commuter bikes in metros). Depreciation is capped at 50%.
1-Year Policy:
Complete insurance (OD + TP) for 1 year. Need to renew both annually. Suitable for bike renewals and used bikes.
5-Year Policy:
TP is locked for 5 years (ā¹7,365 for 150cc). OD can be renewed yearly. Mandatory for all new bikes since Sept 2018.
š” Example: New Pulsar 150 = ā¹7,365 (5-year TP) + ā¹2,500 (1-year OD) = ā¹9,865 first year. Years 2-5: Only renew OD.
Bike insurance premium varies by CC, bike value, age, and location:
š Tip: Use NCB discount to save 20-50%. 5 years claim-free can reduce OD premium by half!
Zero Depreciation depends on your bike age and value:
ā YES for bikes 0-2 years old
Premium bikes have expensive parts. Zero Dep adds 20% (ā¹500-1,000) but saves ā¹5K-10K on claims. Worth it!
ā ļø MAYBE for 3-4 years old
30-40% depreciation. Calculate: If claim expected, buy. Otherwise skip.
ā NO for 5+ years old
50% depreciation, parts cheap. Zero Dep costs more than you save. Better to pay out-of-pocket.
NCB (No Claim Bonus) is discount on OD premium for claim-free years:
NCB Progression:
1 year ā 20%
2 years ā 25%
3 years ā 35%
4 years ā 45%
5+ years ā 50%
Maximize NCB:
ā¢ Don't claim for small damages (<ā¹5K)
ā¢ NCB transfers to new bike
ā¢ Buy NCB Protection rider
ā¢ Renew on time
š° Savings: ā¹3,000 OD with 50% NCB = Pay ā¹1,500. Save ā¹1,500 every year!
Extra ā¹2K-4K covers lakhs in damage
Just meet legal requirement
š Verdict: Always buy Comprehensive if bike value ā„ā¹50K. Premium difference is minimal but coverage is huge!
Our Bike Insurance Calculator is the most comprehensive two-wheeler insurance premium calculator in India that supports both 1-year annual policies and 5-year long-term Third-Party insurance (mandatory for new bikes from September 2018), with accurate IDV calculation, NCB discount up to 50%, and complete add-on coverage breakdown.
The calculator features unique policy term options: 1-year comprehensive policy (own damage + third-party renewable annually, suitable for renewals and used bikes, lower upfront cost with flexibility), 5-year long-term TP (mandatory one-time third-party for 5 years on new bikes, OD renewable yearly, eliminates TP renewal hassle, IRDAI fixed rates ā¹2,901 to ā¹15,117 based on engine CC), and automatic calculation adjustments based on bike age and policy term selection.
Advanced features include bike type-specific base rates: Scooter at 2.5% of IDV (lowest risk - Honda Activa, TVS Jupiter, Suzuki Access), Standard/Commuter at 2.8% of IDV (Hero Splendor, Bajaj Platina, Honda Shine), Cruiser at 3.2% of IDV (Royal Enfield Classic, Jawa), Sports/Performance at 3.5% of IDV (highest risk - Bajaj Pulsar RS, KTM Duke, Yamaha R15), and Electric at 2.2% of IDV (eco-friendly discount - Ather 450X, Ola S1, TVS iQube), engine CC-based TP premium (Up to 75cc at ā¹538/year or ā¹2,901/5-year, 75-150cc at ā¹714/year or ā¹3,851/5-year, 150-350cc at ā¹1,366/year or ā¹7,365/5-year, Above 350cc at ā¹2,804/year or ā¹15,117/5-year as per IRDAI 2025 notification), and 5 popular add-ons with individual cost breakdown.
Perfect for all two-wheeler owners whether you're buying new bike insurance with mandatory 5-year TP, renewing existing bike policy annually, comparing comprehensive vs third-party costs, calculating exact IDV for used bikes, understanding NCB benefit accumulation, or evaluating add-on covers like Zero Depreciation and Engine Protection. The calculator includes premium estimation based on vehicle age (0-10+ years with IRDAI depreciation rates), ex-showroom price input with quick presets, engine capacity selection (75cc to 350cc+ with corresponding TP rates), bike type (Scooter/Commuter/Sports/Cruiser/Electric with different risk profiles), policy term choice (1-year or 5-year with automatic TP calculation), NCB years selection (0-5 years with 20-50% discount), previous claims penalty (10% per claim in last 3 years), city zone pricing (Metro/Tier-1/Tier-2 with multipliers), complete monthly premium breakdown, individual add-on costs display, and GST calculation at 18%. Use this tool for getting accurate bike insurance quotes, comparing 1-year vs 5-year policy costs, understanding IDV depreciation impact, maximizing NCB savings, deciding on comprehensive vs third-party, evaluating add-on riders cost-benefit, or planning renewal with optimal coverage. 100% free, no registration required, mobile-responsive design, completely private calculations, updated for 2025 with latest IRDAI rates and long-term TP rules.