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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    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

  • Page 1 of 50 1 2 3 4 5
    • HDFC Ergo Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I am holding the car insurance policy with HDFC ERGO GENERAL INSURANCE from last 4.5 years.I have purchased this insurance through showroom also i had no claim experience with this policy. The premium and IDV is satisfactory. The coverage is for comprehensive.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 15, 2018
    • 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.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2018
    • Bharti Axa Two Wheeler Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have purchased the policy with BHARTI AXA GENERAL INSURANCE on 2017 where i have a good experience. I had no claim experience with this policy also the premium and also the IDV value is satisfactory with this policy. They have provided the satisfactory coverage.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 12, 2018
    • 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.
      Was this review helpful? 2
      , kochi
      Reviewed on Oct 12, 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, 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.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 11, 2018
    • ICICI Lombard Two Wheeler Insurance
      "GOOD"
      0.5 4.5/5 "Excellent!"
      It is a user friendly policy so i have purchased the two wheeler policy with ICICI LOMBARD GENERAL INSURANCE. I had no claim experience with this policy but the premium and also the IDV is nominal. Policy coverage is for 3rd party in this insurance.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 11, 2018
    • 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.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 11, 2018
    • 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.
      Was this review helpful? 2
      , 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.
      Was this review helpful? 1
      , new delhi
      Reviewed on Oct 09, 2018
    • ICICI Lombard Two Wheeler Insurance
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I am holding the two wheeler policy with ICICI LOMBARD GENERAL INSURANCE from last 3 years where the service is good and also i have not experienced with any claim with this two wheeler policy. The policy coverage and also the premium, IDV value is satisfactory.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 09, 2018
    • United India Two Wheeler Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I am using the two wheeler policy from UNITED INDIA INSURANCE from last 10 years also i had a good experience. The service is good also i have not experience d with any claim with this policy. The policy coverage is for 3rd party. Premium and the IDV is 13000.
      Was this review helpful? 3
      , 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 .
      Was this review helpful? 1
      , 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!"
      I have my two wheeler insured with IFFCO TOKIO , my claim experience with this insurance is good and i they charge premium per year 1000 rupees per year i do payment by cash or by online by my debit card or by credit card i dont have much idea about the benefit they covered.
      Was this review helpful? 8
      , new delhi
      Reviewed on Oct 03, 2018
    • HDFC Ergo Two Wheeler Insurance
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have purchased the two wheeler policy through HDFC ERGO GENERAL INSURANCE where i am using from last 1 year and i had no claim experience with this policy. Premium i am paying 1200-1300k and the IDV value is satisfactory. Coverage is for basic.
      Was this review helpful? 3
      , 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.
      Was this review helpful? 3
      , 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.
      Was this review helpful? 5
      , 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.
      Was this review helpful? 5
      , bangalore
      Reviewed on Sep 29, 2018
    • L and T Two Wheeler Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have a two wheeler insurance policy with L&T general insurance from last 2 years. I am happy with the coverage value and plan benefits of this insurance policy. I am not aware of the premium amount and i have no claim experience with this insurance.
      Was this review helpful? 3
      , 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.
      Was this review helpful? 5
      , vadodara
      Reviewed on Sep 27, 2018
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