Guwahati, Oct. 12 -- Renewing a two-wheeler policy can sometimes bring an unexpected change: the premium is higher than it was last year. That increase may feel confusing, especially when your bike, riding habits and everyday routine seem largely unchanged.

However, insurance premiums are influenced by several factors that can shift between policy periods. Changes in the bike's value, claim history, coverage choices, repair considerations and policy details can all play a part.

The insured value of your bike is one of the factors considered while calculating the premium for own-damage coverage. This value may change as the vehicle becomes older and its market value changes. Your bike insurance premium may therefore differ from the amoun...