Buying a two-wheeler can be confusing. Considering there are various factors that you should consider when buying the right two-wheeler, it can easily leave you in a dilemma. Also, not everyone who purchases a two-wheeler uses it for the same purpose. Some use it for city commutes, whereas adrenaline junkies buy it for performance motor sports. Design, power output, weight, are some of the factors that are checked when buying one. Another such factor is the cubic capacity which is often abbreviated as “CC”.
Meaning of CC in bikes
Cubic capacity or CC of the bike is the power output of the engine. The cubic capacity is the volume of the chamber of the bike’s engine. Higher the capacity, larger is the quantity of air and fuel mixture that can be compressed to produce power. This larger compression of the air and fuel mixture results in higher power output. Different bikes have different capacities of engines starting from 50 CC all the way up to 1800 CC on some sports cruisers. This cubic capacity of the engine is a determining factor in understanding how much output the engine can produce in terms of torque, horsepower, and mileage. Not only that but it also influences the bike insurance premiums.
How does your bike’s CC affect its premium?
Bike insurance premiums are not calculated on a single factor, but many factors combined together, one of which is the cubic capacity of the bike. This is why you might notice owners of the same two-wheeler end up paying different insurance premiums for their vehicle.
There are two types of bike insurance
plans you can buy - third-party and comprehensive. A third party bike insurance cover is the minimum requirement for all bike owners wherein it covers third-party injuries and damages to property. Thus, the premiums for these plans are determined by the regulator, the IRDAI (Insurance Regulatory and Development Authority of India). IRDAI has defined slab rates based on the cubic capacity of the vehicle to determine the bike insurance premiums. The table below elaborates on it –
|Slabs for Cubic Capacity of the bike
||Third-party Insurance Cost for Two-wheelers
|Up to 75 cc
|Exceeding 75 cc up to 150 cc
|Exceeding 150 cc up to 350 cc
|Above 350 cc
On the contrary for a comprehensive cover, the coverage isn’t limited to third-party losses, but extends to own-damages too. As a result, the premium is based on many other factors and not only the cubic capacity of the vehicle. Here are some factors that impact the premium for comprehensive plans.
- The model of the bike plays a crucial role in determining the premium. Since different manufacturers have different price tags for various models, the risk the insurer assumes differs.
- Next, higher the engine capacity, higher will be its insurance premium since the cost of repairs is greater.
- Further, a voluntary deductible is one factor that impacts the bike insurance premiums. A nominal amount is required to be paid with every insurance claim. This amount is known as the standard deductible. But apart from the standard deductible, you can opt for a voluntary deductible wherein you choose to bear some amount of the insurance claim. This in turn helps you reduce your bike insurance premium.
The premium of a comprehensive cover can be computed on our bike insurance calculator
instantly. Try it out now!
Apart from the above, the no-claim bonus, your bike’s safety equipment, and the add-ons to your insurance policy are some factors that impact the premiums, too. These are some of the points to know about what is CC of the bike and how it impacts your insurance premium.