Bharti AXA TWO WHEELER Insurance Bike Insurance Checklist: Checklist for Premium 12 Feb 2018 Bike Insurance 101 - the Quintessential Checklist for Premium How much will the premium of your two wheeler insurance policy work out to be? What are the factors that determine this amount? These are few of the questions you would want answers to, if you’re looking to buy two wheeler insurance. A good bike insurance deal can be determined by the premium amount you periodically shell out. And we all know that paying the premium for the duration of the policy is a financial commitment that requires proper planning. While you do have various online calculators that offer an estimate, here are the top factors that can help you determine what the bike insurance premium will work out to be. Condition of the Bike and the Type There is a higher possibility of an older vehicle that is not in a great condition breaking down when compared to a newer one. Additionally, if it is a fancy model that requires high maintenance, the engine repair and cost of replacements would be comparatively higher. Naturally, the premium for your two wheeler insurance is affected by how old and well-maintained the vehicle is. Other factors like make of the engine, number of kilometers travelled by the two-wheeler also play a role in determining the premium amount. Additionally, any modifications you make in the machine be it for aesthetic reasons or performance, often result in an increased premium. Your Preferred Insurance Cover and Add-Ons Between a comprehensive bike insurance and a third party liability cover, premium for the latter is comparatively lower. Budget factor aside, liability cover is chosen by policyholders who would see no requirement for the benefits that come with a comprehensive cover. You get to enjoy the convenience of add-on benefits like Roadside Assistance and Zero Depreciation with that little extra premium that’s required for a comprehensive two wheeler insurance policy. Rider’s Age and Experience A young rider is more prone to accidents due to apparent inexperience. Thus, it affects the two wheeler insurance premium. Older the rider, lower the premium since an experienced rider reduces chances of the insurance company having to cover for the damages and injuries of accidents. More often than not, it is the bike insurance plan with low premium that catches the eye of a first time policyholder. But the benefit of investing in the right insurance cover is something that is only fully understood in the time of need. Be it due to an accident, engine damage or even theft, you want the best possible deal when it comes to making a claim on the two wheeler insurance company. And since the level of financial cover provided depends on the premium you pay, checking these crucial factors will help you arrive at an estimate. Explore Our Products Car Two Wheeler Travel Health Critical Illness Personal Accident Bharti AXA Advantages We've raised the bar in being your Two wheeler's ideal insurance companion 4.2 MILLION POLICIES ISSUED 79 BRANCHES ACROSS INDIA 3600+ CASHLESS GARAGE 24/7 CLAIM ASISTANCE Get Quote Request Call Back Category * - Select -CarTwo WheelerHealthTravelPersonal Accident Buy Renew Claim submit Disclaimer : The information published on this website is for the public's reference only. Content of this information is to provide an overview of your Travel needs and should not be relied upon for personal, medical, legal or financial decisions and you should consult an appropriate professional for specific advice. Bharti AXA General Insurance Company Limited makes no representations about the suitability, reliability, timeliness, and accuracy of the information, travel, services, or any other items mentioned on this subject for any purpose whatsoever.