Insurance is like a spare tyre. You may not require it, but not having one is not an option.
  • Tips to Reduce Bike Insurance Premiums

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    The options for bike insurance are almost too large to fathom. If you are looking to find a new insurance or to renew a policy, there are so many options available out there; but it’s not always about trying to get the cheapest premium. You must try to get all the features that you require even if it means paying a little extra. However, if the price is your main concern, simply read on to find some tips to reduce bike insurance premium:

    • Pick an older, cheaper or smaller bike to get an insurance premium that is more in your budget. Such bikes’ repair and cost of spare parts replacement will be cheaper.
    • Avoid picking modified/ unusual motorbikes because these will be considered to be more expensive when it comes to repairs and to replace spare parts. Also these bikes will be considered more attractive to thieves. Imported bikes will also be considered more expensive.
    • The less your bike is on the road, the less risk to the insurance company and the cheaper the insurance premium will be.
    • You will find that if you pay the insurance in full as soon as you take out the policy it will be cheaper than if you decide to pay in monthly installments.
    • If you have not made claims for a few years, it is likely that the insurer will give you a lower premium.
    • When the time comes for you to renew your insurance, make sure that you don’t just settle for your current insurer. Look for other insurers who will give you all the features you want for a better price. You could use a site which compares prices and other details.
    • Keep your bike secure. It is always best to park your bike in a garage rather than leave it on the street. Use other forms of security for your bike such as chains, locks etc.
    • The more experience you have as a rider, the less risky you will seem in the eyes of the insurer. This means that you will get the best possible premium. The insurance company may look at your record (tickets and accidents).
    • Try to get all your insurance (home, health, car) from one insurer so that you get a discount on them all.
    • If you do not have a pillion, you could get a cheaper premium.
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    Following these tips can save you a lot of money. It is important that you consider your requirements and then do your research to find an insurance to fulfill them. Your bike insurance should be large enough to cover the cost of bike replacement and hospitalization. However if you have a good health insurance, you can avoid the latter. Experts suggest that as the bike ages you could avoid getting the collision and comprehensive coverage in order to save money. You could also save money by not getting specialized coverage such as accessory insurance.

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    Tips to Reduce Bike Insurance Premiums Reviews

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    • HDFC Ergo Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
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    • Bajaj Allianz Two Wheeler Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am holding the two wheeler policy withBAJAJ ALLIANZ GENERAL INSURANCE from last more than 1 year. I have purchased through showroom. The premium and IDV is satisfactory. I had no claim experience with this policy. The coverage is for full two wheeler.
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      , hyderabad
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    • Bharti Axa Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
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      , hyderabad
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    • Reliance General Two Wheeler Insurance
      "Good Policy"
      0.5 3.5/5 "Pretty good"
      I have a two wheeler insurance with Reliance general insurance from last 2 years, a premium of Rs 2700 has to be paid for this insurance policy. I have not claimed anything so far with this insurance policy and i am happy with the coverage value.
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      , kochi
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    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler is insured with New India assurance from last 1 year, a premium of Rs 1200 has to be paid for this insurance policy. I have no claim experience so far with this insurance policy. I am happy with the policy coverage and plan benefits of this policy.
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      , chennai
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    • ICICI Lombard Two Wheeler Insurance
      "GOOD"
      0.5 4.5/5 "Excellent!"
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      , bangalore
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    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I have a two wheeler insurance with New India Assurance from last 4-5 years, a premium of Rs 1200 has to be paid for this insurance policy. I have not claimed anything so far with this insurance policy and i am happy with the coverage value.
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      , bangalore
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    • Shriram Two Wheeler Insurance
      "Average policy"
      0.5 3.0/5 "Satisfactory"
      I have taken two wheeler insurance from SHRIRAM GENERAL INSURANCE , i got this policy through the showroom where i got the two wheeler . Am satisfied with the premium amount which am making the payments its has good coverage . The good about their service is they used to remind the customers for renewal.
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      , new delhi
      Reviewed on Oct 10, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Best Policy"
      0.5 5.0/5 "Blown Away!"
      I have taken two wheeler insurance from Iffco Tokio insurance policy , i got this policy through the showroom where i got the two wheeler . Am satisfied with the premium amount which am making the payments its has good coverage . The good about their service is they used to remind the customers for renewal.
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      , new delhi
      Reviewed on Oct 09, 2018
    • ICICI Lombard Two Wheeler Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
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      , chennai
      Reviewed on Oct 09, 2018
    • United India Two Wheeler Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
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      , hyderabad
      Reviewed on Oct 09, 2018
    • Tata AIG Two Wheeler Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken two wheeler insurance from Tata Aig insurance company I make the payment of rs 1300 for yearly through their agent . Customer service and response is average as they didn't explained the policy benefits .Overall am satisfied with the premium amount which am paying .
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      , secunderabad
      Reviewed on Oct 06, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken two wheeler insurance from Icici Lombard General insurance for this. I made the payment for 1 years through online banking . Customer service and response is average as they have explained the benefits of the policy . It has good policy coverage with good policy benefits.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Oct 06, 2018
    • Iffco Tokio Two Wheeler Insurance
      "good service"
      0.5 4.0/5 "Great!"
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      , new delhi
      Reviewed on Oct 03, 2018
    • HDFC Ergo Two Wheeler Insurance
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
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      , bangalore
      Reviewed on Oct 03, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good service"
      0.5 4.5/5 "Excellent!"
      It has been a very good experience i had with them so far. I had been paying the premiums monthly and the premium amount has not been very high and i had been making the payments online. There has not been any claims made so far and their customer support also had been helpful at times.
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      , hyderabad
      Reviewed on Oct 02, 2018
    • HDFC Ergo Two Wheeler Insurance
      "Best policy"
      0.5 5.0/5 "Blown Away!"
      My two wheeler is insured with HDFC ERGO from last 1 year, i am happy with the coverage value and plan benefits of this insurance policy. I have no claim experience so far with this insurance policy so far and i pay a premium of Rs 2000.
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      , mumbai
      Reviewed on Oct 01, 2018
    • New India Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler is insured with New India Assurance from last 1 year, I pay a premium of less than Rs 1000 for this insurance policy. There was no claim experience so far with this insurance policy. I am happy with the policy coverage and plan benefits of this policy.
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      , bangalore
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    • L and T Two Wheeler Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
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      , hyderabad
      Reviewed on Sep 29, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      My two wheeler is insured with Bajaj Allianz from last 1 year and it is a good policy to use. A premium of Rs 3000 has to be paid for this insurance policy. I have not claimed anything so far with this insurance policy and the coverage value is good in this policy.
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      , vadodara
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