Insurance is like a spare tyre. You may not require it, but not having one is not an option.

Why Get Your Bike Insured?

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Fees & Charges

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Plan Benefits

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Customer Service

Medical Coverage

Claim Experience

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For some it’s a passion, for others a convenient way to commute. And for some it’s a deliberate effort to reduce traffic on the roads. Whatever the reason behind your purchase of a two wheeler, it is a huge responsibility to own and use a two wheeler. Misfortune could fall on your two wheeler at any point. It could get destroyed in a flood, it could be stolen or you could be in an accident with it. Whatever happens, you need an insurance to cover the costs if something does happen. Not to mention that it is illegal in India to own a bike without an insurance.

If you are considering purchasing a bike, here are the two types of bike insurances that you could go for:

  1. Comprehensive Policy- This type of policy protects your two-wheeler against damage cause by fire, riot, flood and terrorism. Also against burglary. In case of an accident, it gives accidental cover to the rider. It also covers third party liability or the amount you are expected to pay to the third party at the time of accident.
  2. Third Party Insurance- This type of policy only covers the cost of the damage caused to the aggrieved party in case of an accident. It does not cover any loss or damage caused to your own vehicle. Many of us do not consider the cost you will have to pay others for their damage when you get into an accident. This could sometimes be a huge amount.

    It’s up to you which kind of policy you go for, but comprehensive policy is what people usually go for because it gives you complete protection in case of any incidents.

Two Wheeler Insurance Online

Premium is the most important aspect of a policy and these are the factors which affect it:

  1. Insured’s Declared Value (IDV)- IDV is the maximum amount that you will receive from the policy at the time of a claim. This sum is decided upon when you first took the policy. IDV is calculated by considering the fair price value of the two wheeler, the brand and model. The standard depreciation rates are reduced to get the final figure. For example, if the bike is not more than 6 months old, the depreciation value for IDV calculation is only 5%. If it is between two and three years old, the depreciation value would be 30% etc.
  2. Cubic Capacity (CC)- With the increase in CC of two-wheelers, there would be an obvious increase in premium. Minimum sum insured for a two-wheeler below 150 cc is Rs 5000, between 150 and 350 cc is Rs 6000 and 350cc & above is Rs 7000. These are the figures according to India Motor Tariff.
  3. Geography- The India Motor Tariff divides the country into two parts: Zone A and Zone B. Zone A includes cities like Bangalore, New Delhi, Mumbai, Chennai, Ahmedabad, and Kolkata. Zone B includes the rest of the country. The premium rates are higher in cities falling under Zone A as compared to Zone B.
  4. Vehicle Age- The older your vehicle, the more you pay as premium to maintain it.
  5. Discounts- How do you manage to get discounts on the premium? Maintain good credit score, become a member of the Automobile Association of India and install an anti-theft device to get a discount on your premium. Additionally, you will be eligible for no claim bonus if you do not make any claims during the policy term.

Claim Processing

How do you take the claim when something bad happens? As soon as the incident happens (like an accident), you should contact the insurance company and inform them about it so that they can take the steps to settle the claim. These are the two situations under which you can make a claim:

Total Loss/Constructive Total Loss (TL/ CTL) in a two-wheeler policy: CTL is when the aggregate cost of repair and/or retrieval of the vehicle is more than 75% of the IDV. If this happens, the insurance company will offer the IDV amount after deducting the depreciation cost.

Theft/Stolen Vehicle: If your two wheeler happen to get stolen, the first step is to register an FIR (First Information Report). A copy of the FIR needs to be submitted to the insurance company. You may need to transfer your ownership to the insurance company by using title certificate. You will not, however, get any claim if your bike is recovered.

It is just the smart thing to do to get an insurance policy for your bike. So don’t think of it as money down the drain. It is an investment because misfortune could fall upon anyone, anytime.

Why Get Your Bike Insured? Reviews

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  • United India Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have my two wheeler insured with United India insurance from more than 4-5 years, there was no claim experience so far with this insurance policy. Rs 1000 has to be paid as a premium amount for this insurance. I am happy with the policy benefits of this insurance.
    Was this review helpful? 1
    , bangalore
    Reviewed on Feb 15, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Impressive policy"
    0.5 4.0/5 "Great!"
    Bajaj Allianz is one of the leading insurance company provider in Two wheeler insurance. 1 month ago, i have purchased this policy. They have provided me a 5 years continuous insurance policy and initially they have given 1 year policy which is cover for 100%. Its a zero depreciation policy. My dealer has recommended me about this policy from showroom.
    Was this review helpful? 0
    , pune
    Reviewed on Feb 15, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I had taken a two wheeler insurance from Bajaj Allianz. The policy period is one year. I went to the dealer at the part of the sale, the person gave me insurance with them. It has zero dep which includes any scratches. I have no claim experience. I have received the insurance document.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 15, 2019
  • Shriram Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    My two wheeler is insured with Shriram general insurance from last 2 years, a premium of Rs 1200 has to be paid for this insurance every year. I do not have claim experience so far with this insurance policy. The policy benefits and plan coverage is satisfactory.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 15, 2019
  • Oriental Insurance Two Wheeler Insurance
    "Cheaper policy in the market"
    0.5 4.0/5 "Great!"
    Recently I purchased Two wheeler policy from Oriental Insurance, its around Rs.1300 for one year, I have taken the basic plan its kind of third party plan , the policy cost is cheap, they gave me the best IDV value, I have unicorn cb 160. Depreciation value is around Rs.48,000 because its 3.5 old vehicle, I have taken the policy through online channel.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 15, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Costly Policy"
    0.5 3.0/5 "Satisfactory"
    Previously I had ICICI Lombard bike insurance, but the customer support is not upto the mark. Because one time I had claim experience, own damage happened, I took the bike to the showroom, I gave the papers to them, within 15 days I got my bike, I paid the amount from my end and got the reimbursement 65% of amount.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 15, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Very Good Policy"
    0.5 5.0/5 "Blown Away!"
    Bought my two wheeler insurance policy from ICICI Lombard. When i purchase the vehicle the dealer has provided the policy from ICICI Lombard and i have been renewing the policy for past 2 years. I have paid the premium amount of Rs. 1500 every year. I had no claim experience with them. Documentation process in fine. I used to renew the policy in dealer point.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 14, 2019
  • United India Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    The policy comes with the bike when i purchase from the dealer. I took the policy from United India. I need to check about the coverage value. I have paid the premium amount of Rs. 1000. I never called the customer care since i never had a chance to talk with them.
    Was this review helpful? 1
    , bangalore
    Reviewed on Feb 14, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Average service"
    0.5 3.0/5 "Satisfactory"
    I have taken the two wheeler insurance policy is ICICI LOMBARD GENERAL INSURANCE. I have applied through on line only, and the premium amount which i pay on yearly basis, and i use to pay premium through on line.and they have not charged me hidden charges.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Feb 13, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Good Service"
    0.5 3.5/5 "Pretty good"
    I have taken the two wheeler insurance directly from the Royal En field Showroom and my Two Wheeler Model is Royal En field Classic 350 . The premium is good and the agent clearly explained the products the service was good according to me. I have not yet faced any difficulties till now not yet gone for claim and I am using the policy for the last 2yrs and the Overall service is good .
    Was this review helpful? 2
    , bangalore
    Reviewed on Feb 13, 2019
  • Reliance General Two Wheeler Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have taken the two wheeler insurance policy with the RELIANCE GENERAL INSURANCE where i am using it since from last few years. The premium is nominal also the IDV value is satisfactory with this policy. The coverage is for 3rd party insurance.
    Was this review helpful? 1
    , namakkal
    Reviewed on Feb 12, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Better"
    0.5 5.0/5 "Blown Away!"
    I took my two wheeler insurance from Bajaj Allianz. They have given me very faster service when comparatively with the others. The customer service is also good. I have paid approx 2K for one year policy. I have not done any claim so far. It is a third party insurance.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Feb 12, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    The insurance guys are spontaneous sharing the policy features, there is no claim experience. The premium is economical with HDFC Ergo and I have taken first party insurance bike its for bike protection with nice tie up with many service centers.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 12, 2019
  • Reliance General Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I had a two wheeler insurance with Reliance general for 3 years, i paid a premium of Rs 1500 for this insurance policy every year. There was no claim experience with this insurance policy. The policy benefits and plan coverage were satisfactory.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 12, 2019
  • Iffco Tokio Two Wheeler Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I took my bike insurance in Iffco Tokio by last January. I have paid 1795 rupees to purchase the policy. The policy period is 2 years. I have received the insurance paper through mail but not received the hard copy. I have no claim experience. The benefits are good. It is a first party insurance.
    Was this review helpful? 0
    , bangalore
    Reviewed on Feb 12, 2019
  • United India Two Wheeler Insurance
    "Good Insurance Company"
    0.5 5.0/5 "Blown Away!"
    I taken two wheeler policy from United India, they give good response. My company got tie with them, the premium was around Rs.1680 for one year, My bike model is apache 160, insured value is good based on the purchasing year around seven years.
    Was this review helpful? 0
    , chennai
    Reviewed on Feb 12, 2019
  • Bharti Axa Two Wheeler Insurance
    "GOOD"
    0.5 3.0/5 "Satisfactory"
    I have taken the two wheeler insurance policy with the BHARTI AXA GENERAL INSURANCE and i am using it since from last 1 year. I have not experienced with any claim with this insurance. The premium is very good and the IDV is also satisfactory.
    Was this review helpful? 0
    , bhubaneshwar
    Reviewed on Feb 12, 2019
  • ICICI Lombard Two Wheeler Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have taken the two wheeler insurance policy is ICICI LOMBARD GENERAL INSURANCE where i am using it from last few years where i have not experienced with any claim with this policy. The premium and the IDV value is satisfactory with this policy.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Feb 09, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Its satisfactory"
    0.5 5.0/5 "Blown Away!"
    I make the premium amount of Rs. 2800 its a comprehensive plan, I have first party plan its only for me covered. I have pulsar 200x, when I go for the renewal they gave me the policy coverage on time. The customer support is nice and they responded well.
    Was this review helpful? 2
    , bangalore
    Reviewed on Feb 09, 2019
  • ICICI Lombard Two Wheeler Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    I have purchased the two wheeler insurance policy with the ICICI LOMBARD GENERAL INSURANCE where i had no claim experience with this policy. I am holding it from last five years where the premium and the IDV value is satisfactory. The policy coverage is for comprehensive.
    Was this review helpful? 2
    , belgaum
    Reviewed on Feb 09, 2019
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