Known for its iconic Taj Mahal, Agra is one of the highly populated cities in India. There are a lot of two wheeler plying the roads of Agra. As Agra is the 24th most populated city in India, there is an increase in the traffic and road accidents as well. Therefore, it is very important to have a 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, and any other malicious act.
Some of the documents you need while buying a two wheeler insurance in Agra are two wheeler registration, emission test certificate, identity proof, and proof of residence. Some of the leading insurers offering two wheeler insurance in Agra are ICICI Lombard, IFFCO Tokio, New, India Assurance, Reliance, Tata AIG, National Insurance, Magma, and Universal Sompo.
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. No-claim bonus given by the insurance provider is yet another important factor to consider. A good percentage of no-claim bonus reduces your premium while renewing your policy.
If you want to calculate the premium you will pay for your two wheeler insurance, you can make use of two wheeler insurance premium calculator available online. BankBazaar has a premium calculator which is easy and simple to use. You can also buy two wheeler policies online on the BankBazaar website.