Third Party Bike Insurance Calculator
Find out the base third-party insurance premium for petrol bikes and electric two-wheelers in India. Just choose your vehicle type, engine capacity or motor power, and how long you want the policy to last to see the amount in our Third Party Bike Insurance Calculator.
This estimate does not include GST, own-damage insurance, add-ons, or any personal accident premium for the owner-driver.
Calculate Third-party Bike Insurance Premium
How To Use This Third Party Bike Insurance Calculator
- Select your vehicle type: Petrol or Electric (EV).
- Select the engine-capacity band in cc for a petrol two-wheeler or the motor-power band in kW for an electric two-wheeler.
- Select the policy duration: 1 Year or 5 Years (new two-wheeler).
- The base premium will show up automatically and update whenever you change the capacity band or policy duration. If you switch the vehicle type, the capacity selection will reset, so pick a new band to see the premium.
The Importance Of Third-party Motorcycle Insurance In India
- Legal compliance: Third-party motorcycle insurance is mandatory under Indian law. Riding without valid insurance can result in legal penalties.
- Financial protection: This insurance covers your legal responsibility if someone else is injured, killed, or their property is damaged in an accident with your vehicle, as long as it fits the policy’s terms and limits.
- Peace of mind: Third-party liability cover can help you feel more secure when you ride, as long as you follow the policy’s terms and exclusions.
- Cost-effectiveness: Third-party insurance usually costs less than comprehensive insurance.
What Is Third-party Motorcycle Insurance?
Third-party motorcycle insurance covers injuries or damage you cause to others with your vehicle. It’s legally required for all vehicle owners in India under the Motor Vehicles Act 1988.
“Third-party” means anyone other than you (the insured) and the insurance company. This could be pedestrians, other drivers, or property owners who are hurt or have damage from an accident with your vehicle.
How Are Third-party Motorcycle Insurance Premiums Calculated?
This calculator uses the base premiums published in the Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, notified by the Ministry of Road Transport and Highways in consultation with IRDAI. The following points explain how the calculator selects and applies these rates:
- Vehicle category and rating band: For petrol two-wheelers, select the engine-capacity band in cc. For electric two-wheelers, select the motor-power band in kW. Each band has separate notified base premiums for annual cover and five-year cover for new two-wheelers.
- Premium revisions: Third-party base premiums follow government-notified rates. This calculator uses the schedule in the Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, effective from 1 June 2022. Changes depend on revised notifications, not a fixed annual percentage increase.
- Base-premium calculation: The calculator selects a published rate based on your vehicle type, engine-capacity or motor-power band, and policy duration. It does not calculate own-damage premiums or additional insurance covers.
Annual and five-year premiums have different rate schedules. The five-year premium is not just five times the annual rate.
Rate source: Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022 — official MoRTH notification (PDF), effective from 1 June 2022. This calculator uses the base premiums in that schedule. Confirm the applicable rate with your insurer before purchasing or renewing a policy.
Third-party Insurance Rates For Petrol Two-wheelers (ice)
The following base third-party premiums are from the Motor Vehicles (Third Party Insurance Base Premium and Liability) Rules, 2022, notified by the Ministry of Road Transport and Highways in consultation with IRDAI and effective from 1 June 2022. The amounts exclude GST.
Annual base premiums:
- Up to 75 cc: ₹538
- Above 75 cc and up to 150 cc: ₹714
- Above 150 cc and up to 350 cc: ₹1,366
- Above 350 cc: ₹2,804
If you’re buying a new two-wheeler, you must get a third-party insurance policy that covers five years. Here are the base premiums for five-year policies:
- Up to 75 cc: ₹2,901
- Above 75 cc and up to 150 cc: ₹3,851
- Above 150 cc and up to 350 cc: ₹7,365
- Above 350 cc: ₹15,117
Third-party Insurance Rates For Electric Two-wheelers (evs)
Electric two-wheelers that count as motor vehicles must have third-party insurance, but their premiums are set differently from petrol bikes. Some low-speed electric two-wheelers might not need this insurance, so check with your manufacturer or transport authority to be sure. Because electric bikes don’t have engine capacity, their premiums are grouped by motor power in kW. The EV rates already include the allowed discount, so you don’t need to subtract anything extra.
Third-party premium rates for electric two-wheelers are:
The following are base third-party premiums, excluding GST. Five-year rates apply to new two-wheelers.
- Up to 3 kW: ₹457 (1 year) / ₹2,466 (5 years)
- Above 3 kW and up to 7 kW: ₹607 (1 year) / ₹3,273 (5 years)
- Above 7 kW and up to 16 kW: ₹1,161 (1 year) / ₹6,260 (5 years)
- Above 16 kW: ₹2,383 (1 year) / ₹12,849 (5 years)
Choose the motor-power band in kW that your insurer uses for your electric two-wheeler. Look at your registration certificate and vehicle documents. If you see different power numbers or both rated and peak power, ask your insurer which one to use. Don’t use battery capacity in kWh as motor power.
Why Ev And Petrol Premiums Differ
- Different rating metric: This calculator uses engine capacity in cc for petrol two-wheelers and motor power in kW for electric two-wheelers.
- EV pricing concession: The published electric-vehicle premium rates already incorporate the notified concession. Do not apply an additional discount to the rates listed above.
- Third-party liability cover: Despite the different premium-rating basis, an EV’s third-party policy covers legal liability for injury
or death of a third party and damage to third-party property. Bodily injury or death liability and property-damage liability have different coverage provisions; check your policy wording for the applicable terms and limits.
- Long-term policy rule: The five-year third-party insurance requirement for new two-wheelers applies to electric models classified as motor vehicles, not to models legally exempt from that classification.
Third Party Bike Insurance Calculator Faqs
1. Why Is Third-party Motorcycle Insurance Mandatory In India?
It is mandatory in India under the Motor Vehicles Act of 1988. The primary reason is to protect third parties from financial liabilities from accidents caused by the insured vehicle. This ensures that victims of road accidents receive compensation for damages or injuries.
2. What Does Third-party Motorcycle Insurance Cover?
- Legal liabilities for injuries or death of a third party
- Legal liability for damage to third-party property, subject to the limit stated in the policy schedule
Remember, this insurance does not cover damage to your own vehicle or your personal injuries.
3. How Is The Premium For Third-party Motorcycle Insurance Calculated?
Base third-party premiums use government-notified rates. This calculator uses engine capacity in cc for petrol two-wheelers or motor power in kW for electric two-wheelers, along with the selected policy duration. The 2022 rate schedule was notified by the Ministry of Road Transport and Highways in consultation with IRDAI. The displayed estimate excludes GST and other insurance covers.
4. Can I Buy Or Renew Third-party Motorcycle Insurance Online?
You can buy or renew third-party motorcycle insurance online through insurance company websites or mobile apps.
5. What Are The Penalties For Riding Without Third-party Insurance In India?
Under Section 196 of the Motor Vehicles Act, the following penalties apply for riding without the required third-party insurance, effective from 15 August 2026:
- First contravention: Three times the vehicle’s base third-party premium specified under Section 147(2), or ₹5,000, whichever is higher.
- Subsequent contravention: Five times that base premium, or ₹10,000, whichever is higher.
6. Can I Transfer My Third-party Insurance To A New Owner If I Sell My Motorcycle?
When you sell your motorcycle, Section 157 of the Motor Vehicles Act provides for deemed transfer of the third-party insurance certificate and policy to the buyer. The buyer must apply to the insurer within 14 days of the ownership transfer to update the insurance documents.
7. What Are The Limitations Of Third-party Motorcycle Insurance?
- No coverage for damages to the insured’s vehicle
- No personal accident cover for the insured
- No protection against theft or natural calamities
- Third-party property-damage cover is subject to the limit stated in the policy schedule
If you want protection for your own motorcycle, it’s a good idea to get a comprehensive insurance policy.
8. How Are Third-party Insurance Rates Different For Electric Two-wheelers?
Electric two-wheelers use a separate notified premium schedule based on motor power in kW, while petrol two-wheelers use engine capacity in cc. The published EV rates already reflect the notified EV concession, so no additional discount should be deducted from the calculator result. Compare the applicable rates for the same policy duration rather than assuming a direct equivalence between cc and kW bands.
9. Why Is My Insurer’s Quotation Higher Than The Calculator Result?
This calculator displays only the base third-party premium for your selected vehicle category and policy duration. Your insurer’s quotation may also include GST, own-damage insurance, add-ons, and any applicable owner-driver personal accident premium. Compare the third-party base-premium component separately and check that the quotation uses the same selections.