Modern civilization regards bridges as lifelines, and their failure due to significant earthquakes in the past has raised concerns about their seismic vulnerability. The effect of near-fault earthquakes on the bridge vulnerability is a significant problem that has not been well explored. The present work utilizes fragility analysis to assess the probabilistic seismic risk evaluation of a continuous isolated steel box girder bridge exposed to near-field ground motions (NFGMs). Probabilistic seismic demand models (PSDMs) of the bridge are explored to reliably associate key demand and intensity measures to capture the seismic performance of the system. This study examines a steel box girder bridge in Guwahati, India, isolated with lead rubber (LRB) bearings and a friction pendulum system (FPS). To achieve a comparable seismic response, each bearing system is designed for a similar isolation period. The PGV/PGA ratio is a useful metric for classifying ground motion suites and estimating their frequency content by classifying the input excitations into low- and high-frequency motions. To perform probabilistic seismic risk assessments, two ensembles of forward directivity records with PGV: PGA >160 cm/s/g (high frequency) and PGV: PGA <160 cm/s/g (low frequency) are considered. Moreover, one ensembles of near-field incorporating the fling effect and far-field are also utilized. The failure probability under the seismic hazards for isolated bridges is assessed utilizing different damage measures (DM) such as maximum displacement ductility of pier (DDP), displacement of deck (MDD), drift ratio of pier (PDR), and rotational ductility (RDP). The near-field earthquake damage probability is significantly impacted by the PGV/PGA ratio, as a high PGV/PGA ratio results in a greater probability of damage than a low PGV/PGA ratio. In conclusion, guidelines are provided that will help the design engineers for designing bridges with LRB and FPS isolators for seismic isolation in the event of varying ground motion characteristics.