Two-Wheeler Insurance in Agra
Known for its iconic Taj Mahal, Agra is one of the highly populated cities in India. There are a lot of two-wheelers plying the roads of Agra. As Agra is the 24th most populated city in India, there is an increase in traffic and road accidents as well. Therefore, it is very important to have two-wheeler insurance if you are riding a bike in this city.
In India, two-wheeler insurance is mandatory. The Motor Vehicle Act has made a minimum of third-party insurance compulsory in India due to a high number of accidents. Though the law requires a basic two-wheeler insurance, it is also advisable to have a comprehensive insurance policy. While a basic insurance plan covers damages caused to the third-party involved in the accident, a will cover both the damages caused to the third-party and to one's own vehicle. It also covers your vehicle in case of theft, fire, or any other malicious act.
While a basic insurance plan covers damage caused to the third party involved in the accident, a will cover both the damage caused to the third-party and to one's own vehicle. It also covers your vehicle in case of theft, fire, and any other malicious act.
Documents Required to Purchase Two-Wheeler Insurance in Agra
Some of the documents you need while buying a two-wheeler insurance policy in Agra are:
- Registration Certificate
- Emission Test Certificate
- Identity Proof
- Proof of Residence
Two-Wheeler Insurers in Agra
Some of the leading insurers offering two-wheeler insurance in Agra are:
- ICICI Lombard
- IFFCO Tokio,
- New India Assurance
- Reliance
- National Insurance
- Magma
- Universal Sompo
Different Two-Wheeler Insurance Policies in Agra
There are three different types of insurance policies that can be availed by an individual:
- Third-Party Insurance
- Comprehensive Insurance
- Standalone Own Damage Plan
Differences Between Own Damage, Comprehensive, and Third-Party Insurance
The main differences between third-party, comprehensive, and own damage insurances are mentioned in the table below:
Category | Own Damage | Comprehensive | Third-Party |
Add-Ons | Yes | Yes | No |
Customise IDV | Yes | Yes | No |
Theft of Two-Wheeler | Yes | Yes | No |
Death/Injuries to Third-Party | No | Yes | Yes |
Personal Accident Cover | No | Yes | Yes |
Third-Party Property Damage | No | Yes | Yes |
Third-Party Vehicle Damage | No | Yes | Yes |
Losses/ Damages due to natural calamity (own vehicle) | Yes | Yes | No |
Losses/ Damages due to fire (own vehicle) | Yes | Yes | No |
Losses/ Damages because of an accident (own vehicle) | Yes | Yes | No |
Claim Settlement Ratio
If you are planning on buying a, don't forget to check the claim settlement ratio of your insurer. This indicates the number of claims approved versus the number of claims rejected by the insurance provider.
A good claim settlement ratio indicates that the insurance provider will respect your claim when you make one. Also, check the cashless garage facility offered by the insurance provider.
This is a very important factor to consider while buying a two-wheeler insurance plan as you don't have to pay for the damages caused due to an accident if from your pocket and run from pillar to post to get it reimbursed.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.