FAQ On Two-Wheeler Insurance Premiums

A two-wheeler insurance quote estimates the policyholder’s bike insurance premium based on their details. The variant, make, model, plan, etc., determine the premium.

Top bike model insurance quotes

The Insurance Regulatory and Development Authority (IRDAI) sets third-party plan premiums by bike engine capacity. Comprehensive and standalone own-damage bike insurance premiums depend on plan coverage, bike make, model, variant, fuel type, RTO location, and more.#

 

Steps for getting bike insurance quotes

  • Go to an insurance aggregator website
  • Enter your bike’s registration number.
  • Select your bike brand, model, petrol variant, registration year, and RTO city.
  • Enter your name, mobile number, etc. Click “Submit and Get Quotes.”
  • Click ‘Get your quote’.

 

Tips for Getting the Best Bike Insurance Quotes

Use NCB

Bike insurance companies offer no-claim bonuses to customers who haven’t filed a claim. Every year without a claim increases the NCB concession. If claim-free for five years, NCB can reach 50%. *

 

Pick add-ons carefully

Additional benefits increase two-wheeler insurance coverage for a premium. Choose only the necessary add-on covers for your bike. Zero depreciation, roadside assistance, return to invoice, Engine safe cover, key loss cover, etc.

 

Compare policies before buying

The policyholder has to choose from many insurance policies. Compare all policies before choosing one for the best rates.

 

Timely bike insurance renewal

You must pay a premium and a fine for a late bike insurance renewal. You can’t compare quotes, either. Renewal premiums for expired bike insurance policies are higher.

 

Maintain a good driving record

Fewer accidents and claims mean a higher No Claim Bonus. Your bike insurance company would also learn that the policyholder is low-risk. *

 

Online Two-Wheeler Insurance Purchase Benefits

Low-cost

Online insurance purchases save insurance companies money by reducing paperwork and intermediaries.

 

Convenience

You can buy bike insurance online anytime and from home.

 

No paperwork

Buying bike insurance requires no paperwork. The insurance document is emailed to you after purchase.

 

Easy policy document retrieval

Unlike offline insurance purchases, online insurance purchases make getting a copy of the policy easy.

 

Easy endorsements

Online motor insurance purchases allow document changes on the insurance provider’s website.

 

Tips For Finding The Best Two-Wheeler Insurance

Premium Amount

Look for more than just the most inexpensive insurance policy. Look for affordable, effective insurance.

 

Coverage

Each policy varies. Some have useful built-in add-ons.

 

Customer service

A fast-acting insurance provider is crucial. Before buying insurance, read customer service reviews.

 

Exclusions

Read the policy’s terms and conditions, especially the exclusions. In an accident, they can be crucial.

 

Claim Settlement Ratio*

It is a nice way to evaluate an insurance company and its claim processing.*

 

Insurance company reputation

Choose a reputable two-wheeler insurance company when buying a bike insurance plan online or changing insurers during bike policy renewal. Check the insurance provider’s claim settlement ratio.*

 

Determine coverage

Before searching for two-wheeler insurance online, assess your budget and needs. Choose a bike insurance plan that covers your usage, liabilities, and expenses.

 

Concession offered

When comparing bike insurance plans online, choose one with a good concession rate to lower the premium.

* Standard T&C Apply

# Visit the official website of IRDAI for further details.

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.


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