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What is the cost of two wheeler insurance.pptx

Two wheeler insurance is a kind of policy that covers damages or losses to one's two wheeler or any 3rd party liability. The Indian law mandates two wheeler insurance for anyone who owns a bike or scooter. Click to know more https://www.coverfox.com/two-wheeler-insurance/

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What is the cost of two wheeler insurance.pptx

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  1. What is the cost of two wheeler insurance?

  2. As a four-wheeler, two-wheeler whether a bike, scooter or a scooty is also a precious possession for many, therefore, it is important to ensure its safety. To ensure that your two-wheeler remains safe and sound it is imperative to buy a right two-wheeler motor insurance policy. Law mandates for all vehicles plying on road to have insurance. Apart from this, increasing the number of road accidents makes it even more important to secure your two-wheeler.

  3. There are actually many factors that influence the premium. I’ll list some of the important ones below. • Type of vehicle: A sport bike or a cruiser has a more expensive premium over a 100cc bike. The engine size and capacity is also a factor in deciding the premium. If the repair costs of your bike are higher that the premiums will be higher • Driver: If your driving record is clean, chances are your insurance will be cheaper • Add on Covers: If you opt for covers like zero dep or No claim bonus, Your premium increases. However people still opt for these as it proves beneficial in the long run • Where you drive: If you live in big cities your premium may be higher as metros are more prone to accidents. Basically more risks involved in your commute, more the premium

  4. Bike Insurance Premium Calculator is an online tool that helps you calculate the premium amount payable annually to continue enjoying the benefits of the policy. You can compare quotes from different insurers and determine which suits you the best with the help of this tool. You can eliminate middleman and you do not have to pay any commission to any agent. It’s quick and easy. • Information required for calculation: • In order to know the annual premium via online Two wheeler insurance premium calculator, this information should be handy: • Manufacturing year • Age of the vehicle • Registration Year • Model and Cubic Capacity of the vehicle • RTO location • Status of previous policy

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