Vehicle make and model: The policy premium depends upon the make, model, cubic capacity as well as variants. .
Age of the vehicle: The age of the bike is an important determining factor when it comes to calculating insurance premiums online. The older the vehicle, the higher will be the depreciation on it.
Add-ons: A customised plan with add-ons like zero-depreciation, roadside assistance, or engine protect coverage gives better coverage at an affordable cost.
RTO Location: Premiums are lower in low-traffic areas as compared to metro cities and accident-prone zones, where roads are busy 24*7.
Engine type: Premium will also depend upon the type of engine because depending upon the type, whether it is petrol or diesel the IDV changes.
No-claim bonus: If you haven’t made a claim in the previous year, you can avail the benefit of a no-claim bonus on your renewal premium.
IDV: IDV also impacts the premium; more IDV will result in more premium as the value of the vehicle will be higher.