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
    • Reliance General Two Wheeler Insurance
      "No claim experience"
      0.5 4.0/5 "Great!"
      I used to do the renewal through online. I have been renewing the two wheeler insurance policy with reliance for past 2 years. I have not claimed anything by using this policy. I have not received the no claim bonus so far. I paid the premium amount of Rs. 2000 in a year. I'm not sure about the vehicle value. When i purchase a vehicle, the dealer has provided the policy with the reliance and I'm continuing with them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2018
    • Royal Sundaram Two Wheeler Insurance
      "Good Product"
      0.5 4.0/5 "Great!"
      I have agent who did it for me, he referred this policy. The premium amount is fine but I never compare I didn't done any valuation. I got the policy copy without any hassles. For two wheeler. I have taken third party cover but I am not sure about the benefits.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
    • L and T Two Wheeler Insurance
      "Good Two wheeler insurance policy"
      0.5 4.0/5 "Great!"
      Holding my L&T policy with last 2 years. I used to pay the premium amount of Rs. 4000 which is quite high. Because of the higher IDV value, i have selected this L&T policy. They have offered me a higher IDV value of Rs. 1.20 lakhs. I have renewed the policy through online. I have bought the no claim bonus of 30%. I had no claim experience with this company.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Average policy"
      0.5 5.0/5 "Blown Away!"
      I have not faced any problems with Bajaj Allianz Policy. My two wheeler insurance policy was taken with Bajaj Allianz. I have renewing the policy for continuously for 4 years. I have paid the premium amount of Rs. 1900 for one year. They have offered me a coverage value of Rs. 61000. They charging the penalty for late renewal of the policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2018
    • L and T Two Wheeler Insurance
      "Average Policy"
      0.5 3.0/5 "Satisfactory"
      I am having a two wheeler insurance with L&T from last 1 year, a premium of Rs 1100-1300 has to be paid for this insurance policy. There was no claim experience so far with this insurance policy. I am happy with the plan benefits and policy coverage of this insurance.
      Was this review helpful? 0
      , pune
      Reviewed on Dec 06, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Policy info was not given"
      0.5 2.0/5 "Expected more"
      My two wheeler insurance is with Bajaj allianz from last 3 years, a premium of Rs 3000 has to be paid for this insurance policy. This premium amount is for 18 months. There was no claim no experience with this insurance and they did not give any info about policy..
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 06, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Insurance company"
      0.5 4.0/5 "Great!"
      I have bike policy with ICICI lombard for past years, they are providing no claim bonus around 20%. The premium amount is economical is low when compare to other insurance company, the service center is good. I have HERO Splendor plus they gave me best insured amt.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 06, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Insurnace Company"
      0.5 4.0/5 "Great!"
      While I purchasing the bike my dealer gave me the ICICI Lombard insurance, the premium is economical they gave me the insurance for one year, I have availed third party insurance, its included for loss, damage . They gave me cash less garages options.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 04, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I used the policy, when I met with the accident, Iffco Tokiyo gave me medical treatment based on the personal accident cover, I got the cash less treatment, I paid the premium Rs. 5000 for one year two wheeler policy, the IDV is depends on age of the vehicle, they got tie up with networking of service centers.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Dec 04, 2018
    • United India Two Wheeler Insurance
      "Average Policy"
      0.5 2.0/5 "Expected more"
      There is no proper customer care service in United India. I'm paying the premium amount of Rs. 900. I have been renewing the policy for last 8 years. I have no idea about the coverage value of the bike. I have not approached for any claim process.
      Was this review helpful? 0
      , vellore
      Reviewed on Dec 04, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Average insurance policy"
      0.5 1.0/5 "Really Bad"
      My two wheeler insurance policy was taken with Iffco Tokio. I making the premium amount of Rs. 1200. I have been renewing the policy continuously for last 5 years. I have chosen the payment mode of cash. They have given me a coverage value of Rs. 25000. I have not claimed anything in this policy. I visit their branch for making the payment.
      Was this review helpful? 1
      , vellore
      Reviewed on Dec 04, 2018
    • New India Two Wheeler Insurance
      "Average service"
      0.5 2.0/5 "Expected more"
      I have taken my two wheeler insurance policy with New India. I have been renewing the policy with the same company. I have not applied for any claim process so far. When i visit the branch for the renewal the service is good. I make the payment through cash. I pay the premium amount of Rs. 1100. I never faced any issue with this policy.
      Was this review helpful? 0
      , vellore
      Reviewed on Dec 04, 2018
    • Chola Ms Two Wheeler Insurance
      "Good Policy"
      0.5 5.0/5 "Blown Away!"
      I have a two wheeler insurance policy with Cholamandalam from last 5-6 years, a premium of Rs 1900 has to be paid for this insurance policy every year. I have no claim experience so far with this insurance. I am happy with the policy benefits and plan coverage of this policy.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 03, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      Bajaj Alliance insurance company is reasonable in term of cost, I have been using it around 20 years. The experience is good but they are not providing ncb bonus. Customer service is average, I have not face any claim, they have cash less garages its good.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 03, 2018
    • United India Two Wheeler Insurance
      "Need to improve on premium and customer support"
      0.5 3.5/5 "Pretty good"
      United India premium is high, they collected Rs. 1600 for the third party coverage. I didn't get personal cover, there no customer support I got through online channel, when I went to the registration location there is no response, anyway, I got better IDV.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 03, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Its Good"
      0.5 4.0/5 "Great!"
      I have purchased my bike before seven years from the day onwards I am using ICICI lombard two wheeler policy. The amount is low, I purchased third party cover. I have not claim any thing. They gave me good insured value, they don't have no claim bonus.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Dec 03, 2018
    • New India Two Wheeler Insurance
      " Father of all insurance companies in India. "
      0.5 5.0/5 "Blown Away!"
      My two wheeler insurance policy was bought with New India Assurance. From the dealer side they have provided the two wheeler insurance policy when i was purchased the bike after that i have renewed the with the same company. I paid the premium amount of Rs. 1000 approximately. I have not contacted the customer care service if New India. I'm not sure about the coverage value.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Dec 03, 2018
    • Bajaj Allianz Two Wheeler Insurance
      "Average policy"
      0.5 5.0/5 "Blown Away!"
      My dealer has given the two wheeler insurance policy when i bought my vehicle. The policy was taken from Bajaj Allianz. I have paid the premium amount of Rs. 1500 approximately. This policy is 100% covered one. I have received the good coverage value. I have not renewed the policy now. The documentation process was not easy.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 02, 2018
    • ICICI Lombard Two Wheeler Insurance
      "Good Two wheeler insurance policy"
      0.5 4.0/5 "Great!"
      When i purchase my two wheeler, the dealer has offer this two wheeler insurance with ICICI Lombard. I have paid the premium amount of Rs. 2000. They have offered me a 100% coverage value. I have purchased this two wheeler insurance policy 1 year ago. I have to renew the policy with the same company. Documentation process was fine.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 02, 2018
    • Iffco Tokio Two Wheeler Insurance
      "Average & Need improvement a lot"
      0.5 3.0/5 "Satisfactory"
      I have a two wheeler insurance with Iffco Tokio. I have paid Rs.1800 as a premium where others are doing it Rs.1200 for one year. I did not get any updates on the renewal from Iffco Tokio. While taking the insurance, they gave me a wrong credentials for the nominee and raised a request to change but they have not done it still now.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 02, 2018
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