Comprehensive Bike Insurance Calculator

Need to know comprehensive bike insurance or bumper to bumper bike insurance rates for your motorcycle in India? Here is a dedicated calculator for you. We will explain every term and logic used in this comprehensive bike insurance and bumper to bumper bike insurance calculator in India. Also please note that we had tried our best to integrate latest data to calculator. To get precise Two wheeler comprehensive bike insurance price in India you might need to get in touch with authorised Motorcycle insurance team.So, let’s get into the bits and pieces of this calculator.

Explanation of terms and logic for calculation of comprehensive bike insurance & bumper to bumper bike insurance in India

1. Third-Party (TP) Premium

Why it’s mandatory: Covers injury or damage you cause to other people or property. This is mandatory as per the rule of the Government of India. See the table below for how third-party premium rates are calculated per IRDAI for 2025. The calculation is based on engine capacity or displacement, as shown in the table below.

2. Own-Damage (OD) Premium

What it covers: Repair or replacement if your bike is damaged, stolen, or lost.

Here are the steps to find out the Own Damage Premium for a two-wheeler in India

Step 1: Find IDV (Insured Declared Value)

IDV is the bike’s market value after depreciation. As the bike ages, its value goes down. See below table for detailed rates

Formula: IDV = Ex-Showroom × (1 – Depreciation ÷ 100)

Step 2: Choose Your Insurer Rate

The rate is per ₹1,000 of IDV. Pick your insurer from the table below:

Formula: OD Premium = (IDV ÷ 1,000) × Rate

Step 3: Select which Zone you are residing in

For rating purposes, the Insurance Regulatory and Development Authority of India (IRDAI) divides the country into two primary zones for motorised two-wheelers: Zone A and Zone B.

This zonal classification is based on the location of the vehicle’s registration office. It reflects differences in risk factors such as traffic density, theft rates, and accident likelihood in metropolitan cities versus other regions.

Zone A

It includes eight major metropolitan cities: Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, New Delhi, and Pune.

Zone A places

Zone B

It includes all other cities and towns in India that are not listed under Zone A.

3. Comprehensive Premium

A Comprehensive policy premium is the sum of

Third Party (TP) premium + Own Damage (OD) premium + Addon covers (optional) + IMT (optional) + 18% GST

1. Addon Covers

Here is the list of all major addons with their description and rates as a table as per OD premium given below

1. RTI (Return to Invoice) – If your bike is stolen or totally destroyed (beyond repair), a plain comprehensive policy pays you the “Insured Declared Value” (IDV), which is the current market value of your vehicle after depreciation. With RTI, the insurer pays you the full invoice value (factory invoice + registration + RTO charges) instead of the depreciated IDV.
2. Bumper to Bumper / Nil or Zero Depreciation (B2B) – By default, when you file a claim for repairing accident damage, the insurer deducts a percentage for parts’ depreciation (plastic/fibre parts often 100 % depreciated in 1st year, metal parts 50 %, etc.). A Nil Dep addon waives that deduction—you’re reimbursed the full cost of replaced parts (subject to policy terms).
3. Engine Protection – Protects you against internal engine damage caused by water ingression (e.g., riding through floods, waterlogged roads), leakage of lubricating oil, corrosion, or other covered perils that are not due to an accident. Most comprehensive policies exclude damage caused by water entering the engine.
4. NCB Protect – Normally, if you make any own damage claim in a policy year, you lose your entire No Claim Bonus (NCB), or it drops to zero. NCB Protect lets you retain your NCB (up to a specified limit) despite making a claim.
5. PA Cover(Owner, ₹15 L) – The Motor Vehicles Act mandates at least ₹ 15 L personal accident cover for the owner-driver. This addon lets you choose a higher limit or ensure the ₹ 15 L covers not just death but also permanent total/partial disability.
6. PA Cover(Pillion) – Personal Accident cover specifically for the pillion rider (i.e., passenger). The basic policy typically covers only the owner‐rider; pillion riders are not automatically covered under the standard PA to the owner. This addon extends PA protection to whoever is riding a pillion.
7. Roadside Assistance – 24×7 assistance if your bike breaks down or is immobilised on the road due to mechanical issues, flat tyre, battery problems, running out of fuel, key locking in the vehicle, minor roadside repairs, etc.

2. Indian Motor Tariff (IMT)

In India’s motor insurance context, IMT stands for Indian Motor Tariff. It is a set of guidelines from the Insurance Regulatory and Development Authority of India (IRDAI) that regulates the pricing and coverage of motor insurance policies, including two-wheelers. The IMT specifies endorsements, coverage options, and conditions for insurers to follow when offering motor insurance.

1. IMT-1: Extended Geographical Area Coverage

IMT-1 allows the insured two-wheeler to be legally used in neighbouring countries with insurance cover extended to:

1. Bangladesh
2. Bhutan
3. Nepal
4. Pakistan
5. Sri Lanka
6. Maldives

The regular comprehensive (own-damage and third-party) or third-party-only cover remains valid in these countries during the policy period.

2. IMT-8: Automobile Association Members

This endorsement provides a discount on the own-damage portion of the premium for two-wheeler owners who are members of a recognised automobile association such as:

Recognized Associations

Membership in any one association below qualifies for IMT-8; multiple enrollments do not stack:

1. Automobile Association of Eastern India (AAEI)
2. Uttar Pradesh Automobile Association (UPAA)
3. Western India Automobile Association (WIAA)
4. Automobile Association of Southern India (AASI)
5. Automobile Association of Upper India (AAUI)

3. IMT-10: Anti-Theft Device

Under IMT-10, if you install an ARAI-approved anti-theft device (like a GPS tracker or alarm) on your motorcycle or scooter and get it certified by a recognised automobile association, you become eligible for a tariff discount on the policy. The insurance policy will be endorsed to note that your vehicle has this device.

This endorsement does not change your coverage; it acknowledges the device and gives you a premium break. (It’s not applicable for motor-trade policies where the vehicle is under repair or being sold.)

4. IMT-12: Disabled Vehicle

IMT-12 applies when the insured two-wheeler is specifically built or modified for blind, disabled people, or mentally challenged persons. In India, the regional transport office officially endorses such vehicles in the vehicle’s registration book.

If your bike or scooter has this special status, the insurer adds IMT-12 to the policy. This endorsement recognises the vehicle’s exceptional design and grants you a significant discount. Again, IMT-12 does not add extra coverage beyond regular policy terms; it merely lowers the premium.

5. IMT-13: Use Limited to Own Premises

The policy covers loss or damage only if the vehicle is used on the insured’s own premises (private property not open to the public). Use outside the premises is excluded. (An exception is made if the vehicle is used to fight a fire—such use is still covered.) “Own premises” are defined as those to which the public has no general access.

In practice, the insurer pays only for accidents or theft on the owner’s property; any incident on public roads or elsewhere is not covered.

6. IMT-22: Compulsory Deductible

Under IMT-22, the insured must pay a fixed portion of every Own Damage claim. IRDAI fixes this compulsory deductible for two-wheelers at Rs.50. In every claim (even total loss), the insured bears the first ₹50 of damage. The insurer pays the remainder (subject to the policy limit).

IMT-22 is mandatory per IRDAI rules for all two-wheeler comprehensive policies. It does not affect liability (third-party) coverage.

7. IMT-24: Electrical/Electronic Fittings Cover

IMT 24 is an optional add on that covers loss or damage to electrical/electronic accessories fitted to the bike (but not included in the manufacturer’s listed price). Examples include aftermarket items like GPS units, sound systems, fog lamps, charging ports, etc.

The endorsement states that the insurer will indemnify the insured for any loss/damage to the specified electronic/electrical fittings (named in the policy schedule) caused by any insured perils (accident, fire, theft, etc.).

Note: Damage from mechanical failure or breakdown of the fittings is expressly excluded.

8. IMT-33: Loss of Accessories Cover

This endorsement (IMT‐33) covers loss or damage to declared accessories (electrical or non-electrical) caused only by theft, burglary or housebreaking – provided the vehicle is not stolen in the same event.

It must be specifically purchased (payment of additional premium). The insured must declare all accessories covered; then, the loss/theft of those items is indemnified.

For more indepth details about IMT, visit this link from our team Indian Motor Tariff (IMT) for Two-Wheelers in India

FAQ related to Comprehensive & Bumper to Bumper Bike Insurance Calculator in India

1. What is the purpose of this calculator?

It instantly estimates your Comprehensive and Bumper-to-Bumper bike insurance premiums by combining mandatory TP/OD charges with optional add-ons, tax, and discounts so you can compare costs before you buy.

2. I’m new to bike insurance—what inputs do I need?

Enter your bike’s ex-showroom price, pick its age bracket and engine capacity (cc), select your city zone (metro vs. non-metro) and insurer, then input your No-Claim Bonus (or hit “Auto NCB”). All other cover options are optional add-ons.

3. How accurate are the depreciation and IDV calculations?

We use IRDAI’s standard depreciation slabs (5–50% based on age) to derive your Insured Declared Value (IDV). Insurers use that, so your quotes will closely match real policy prices.

4. What’s the difference between Comprehensive and Bumper-to-Bumper quotes?

1. Comprehensive – covers TP + OD + chosen add-ons + GST
2. Bumper-to-bumper – includes everything in Comprehensive plus a Zero-Depreciation waiver on spare parts—useful if you want full-value replacement

5. Which add-on covers should I consider?

1. Zero Depreciation: No deduction on parts.
2. Engine Protection: 5% of OD value.
3. Return to Invoice: 10% of OD value (includes manufacturer accessories).
4. Roadside Assistance, PA Cover (Pillion): Flat ₹100 each.
5. NCB Protect: Safeguards 5% of your OD premium.

Pick what fits your budget and risk appetite.

6. How does “Auto NCB” work for someone without claims?

If you check “Auto NCB,” the tool auto-fills your No-Claim Bonus percentage based on your bike’s age (0–5+ years), matching IRDAI’s 0–50% scale. However, you can still tweak it manually if needed.

7. I’m on a tight budget—what small tweaks can lower my premium?

1. Opt for a higher voluntary deductible (IMT-22A) to cut OD costs.
2. Skip higher-cost add-ons (e.g. Return to Invoice) or pick only ₹100-flat options.
3. Compare insurers: rates per ₹1,000 IDV vary by company.

8. I maintain my own accessories—can I insure them?

Yes: tick IMT-24 or IMT-33 and enter your electrical/non-electrical accessory cost. The calculator adds 4% or 3% of that amount, respectively.

9. How is GST handled?

We apply an 18% tax on the subtotal of TP, net OD, all add-ons, and endorsements. For Bumper-to-Bumper, GST also covers the Zero Depreciation charge.

10. Can I experiment with multiple scenarios?

Absolutely—hit Reset to clear and start fresh. Mix different insurers, zones, NCB values, and add-on combinations to see how each choice impacts your final premium.

Other related links from Bikeleague India

1. Indian Motor Tariff (IMT) for Two-Wheelers in India
2. Two-wheeler insurance in India – How to buy and select
3. Electric scooter vs Petrol scooter – Which is best
4. Bike On-road price calculator
5. Bike IDV Calculator