Meerut is an ancient city known for their monuments which were built during the Indus valley civilisation. Apart from being the second largest city in our national capital Delhi region, Meerut is also the 26th most populated place in India. It is believed that Meerut will be ranked 242 in the list of largest cities and urban town across the world by 2020. Due to the ever growing population in Meerut, the number of two wheelers have gone up. The city is flooded with two wheelers as many prefer this mode of transport to reach their destination fast. This has given birth to a lot of two wheeler insurance companies in Meerut.
AsThe Motor Vehicle Insurance Law which is governed by The Motor Vehicles Act, makes third-party liability insurance mandatory in this nation, many do not have a choice but to buy one to avoid hefty fines. A minimum of third-party is mandatory to ride on a bike on Meerut roads. The third-party insurance policy is a that covers all damages caused due to an accident to the third-party involved in the incident. It does not cover the damages caused to your vehicle. To keep both the parties financially safe, a comprehensive insurance plan that covers both third-party liabilities and damages caused to your vehicle is suggested.
One does not need a long list of documents to buy a two wheeler insurance policy in Meerut. Only simple documents like your vehicle registration card, emission test certificate, identity proof, and proof of residence are required. Some of the popular insurers in Meerut are ICICI Lombard, IFFCO Tokio, New, India Assurance, Reliance, Tata AIG, National Insurance, Magma, and Universal Sompo.
The claim settlement ratio of the insurer, cashless garage facility, premium amount, no-claim bonus, and type of coverage are some of the factors you have to look closely before you choose a two wheeler insurance plan. Likewise, there are many factors that affect your premium amount. Some of the factors are the condition of your vehicle, add-on covers, the experience of the driver, type of plan chosen, fuel type, place of registration, model and make of the bike, the number of miles clocked in case of a pre-owned bike, and the safety features of the bike.
Everything is available online these days, two wheeler insurance plans are no exception. You do not have to stand in long queues to buy a policy. Log in to insurance comparison websites like BankBazaar to compare, buy, or renew your two wheeler insurance plan. You can also use the two wheeler insurance premium calculator available on the BankBazaar website to check how much you will land up paying to purchase your two wheeler plan.