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Top 5 Two Wheeler Insurance Companies in India

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Unlike other types of insurance, it is legally mandatory to have a two-wheeler insurance in India. Under the Motor Vehicles Act 1988, third-party two wheeler insurance has been made compulsory for all Indian drivers. Choosing the right insurer for a bike insurance scheme has rather become a difficult task for vehicle owners given the sheer number of insurance providers in the country. Here we list out people’s most preferred private and public insurance providers to help you make the decision.

HDFC ERGO Two Wheeler Insurance Bajaj Allianz Two Wheeler Insurance ICICI Lombard Two Wheeler Insurance SBI General Two Wheeler Insurance New India Assurance Two Wheeler Insurance
Top Two Wheeler Insurance Companies in India

HDFC ERGO General Insurance Company Limited

HDFC ERGO offers a comprehensive cover for two wheeler at a competitive premium rate. With over 109 branches in 89 Indian cities, HDFC ERGO has a nationwide footprint which makes it easier for the policyholder to apply for a policy and also renew an existing policy. The company has also been awarded the “iAAA” rating which stands as a testimony to its highest claim paying ability. What more – HDFC ERGO also has an ISO certification for the quality of customer service, uniformity of information security, policy issuance process and claims services.

Differentiating Factor: Instant Online Policy, customizable motor policy

HDFC ERGO Two Wheeler Insurance: Key Features

  • Availability of long term insurance for a period of up to 3 years. No hassles of yearly policy renewals.
  • HDFC ERGO offers 24*7 customer support for a hassle-free and convenient experience.
  • Policy can be purchased or renewed online without going through a lengthy documentation process.
  • More than 75 lakh customers served.
  • Easy and transparent claim filing and settlement process.
  • Discounts on purchasing long-term two-wheeler insurance policies.

Bajaj Allianz General Insurance Company Limited

Customer oriented approach and reliability makes Bajaj Allianz one of the most-preferred brands when it comes to two-wheeler insurance. The company was also declared as the “Best General Insurance Company in Private Sector” by ABP news in 2014. Recipient of other notable awards like, “Golden Peacock Award 2014” and “Claims Innovation of the Year”, Bajaj Allianz has clearly earned the trust of all Indians with its flawless service and innovative products.

Differentiating Factor: 24/7 support, quick and easy claims support

Bajaj Allianz Two Wheeler Insurance: Key Features

  • Multi-year bike insurance available for a period of up to 3 years. No troubles of yearly policy renewal.
  • Easy and Hassle-free process of claim settlement.
  • Policy can be bought or renewed online in quick and easy way.
  • Round-the-clock customer support service.
  • Nil depreciation add on cover available.
  • No vehicle inspection on online renewal of the policy.

ICICI Lombard General Insurance Company Limited

ICICI Lombard is one of the largest general insurance companies in India. Having issued over 11 million policies and with over 6 million claims settlements, ICICI Lombard has earned the reputation of being one of the most trustable names when it comes to General Insurance. One of the few insurance companies to have technology integration, ICICI was also awarded “Celent Asia Insurance Technology Award” for its mobile application. With features like long term policy offering and one time premium, ICICI Lombard focuses on offering a flexible insurance policy to its customers.

Differentiating Factor: Cashless claim servicing at over 1900 garages, immediate issuance of policy copy

ICICI Lombard Two Wheeler Insurance: Key Features

  • Flexible policy tenure options up to 3 years. A long term insurance can save you from the hassles of yearly renewals.
  • A network of over 2150 garages across the country for assistance with breakage or repair.
  • Availability of add-on covers to get protection against damage to electrical and non-electrical components.
  • In-built personal accident cover for co-passenger.
  • No vehicle inspection required for policy renewal.
  • Policy copy of the insurance can be immediately obtained on online purchase.
  • Receive policy renewal reminders and other updates from time to time.

SBI General Insurance Company Limited

SBI has become a household name for finance and banking and now with SBI General Insurance Company, SBI has carved a niche in the insurance front also. Currently, SBI General has a pan-India presence extending to 56 cities and serves three key segments namely retail, SME and corporate. SBI General Two-wheeler insurance policy is comprehensive and comes with an array of customer-centric benefits that makes it one of the most-sought after product in the market.

Differentiating Factor: Customized pricing depending on applicant’s profile, additional discounts

SBI General Two Wheeler Insurance: Key Features

  • Pricing customised based on customer profile.
  • Discount on policy purchase for people aged between 25 to 55 years.
  • Additional discounts and bonuses for timely renewal of insurance policy.

The New India Assurance Company Limited

A wholly government owned company, New India Assurance now operates in over 27 countries and has a global business that exceeds Rs.16000 Crores. The New India Assurance has a nationwide presence with over 2097 offices and 1041 micro offices. Only direct insurer in India to be given an “A” rating by AM Best, New India Assurance has several other ratings that indicate the company’s highest degree of financial power to fulfil the policyholders’ obligations.

Differentiating Factor: Impeccable grievance resolution system, Quick claims processing

The New India Assurance Two Wheeler Insurance: Key Features

  • Insurance seekers can either choose from the basic ‘Liability only policy’ or the comprehensive ‘Package policy’.
  • Add-on covers for accessories, personal accident cover, passenger cover, paid driver available.

The content / information on this page is based out of customer reviews posted on this website and makes no representation regarding accuracy of the same or that such content / information will be error-free.

Top 5 Two Wheeler Insurance Company In India Reviews

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  • Bajaj Allianz Two Wheeler Insurance
    "Need to reduce the premium"
    0.5 4.0/5 "Great!"
    My two wheeler insurance is with Bajaj Allianz because mine is Bajaj bike so it will be easier for claim and also lot of showrooms included. I got the insurance paper. The claim process was average, the amount was not fully refunded. Also the process was lengthy. I have paid the premium of Rs.2000 for one year. It is a first party insurance. I felt the premium is quite high.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 18, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Average"
    0.5 3.0/5 "Satisfactory"
    I took my two wheeler insurance from Bajaj Allianz last year. It was suggested by my friend because he is working. I have paid approx 1000 rupees to purchase the policy. I never had a customer service experience and no claim. The benefits are good and its a third party insurance.
    Was this review helpful? 0
    , pune
    Reviewed on Jan 18, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Not recommendable policy"
    0.5 3.0/5 "Satisfactory"
    My two wheeler insurance was taken from ICICI Lombard. I have applied the claim from with ICICI Lombard but they have not given proper response. They have not processed the claim also. Since because of the lowest premium, i have opted this policy. The service is not upto the mark.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 18, 2019
  • Bharti Axa Two Wheeler Insurance
    "Excellent Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy a long back and the premium has been paying annually. The premium amount has not been too high and the payment method has also been convenient. I had not made any claims so far and it has been a good policy for others as well.
    Was this review helpful? 0
    , navi mumbai
    Reviewed on Jan 18, 2019
  • New India Two Wheeler Insurance
    "Good Insurance company"
    0.5 4.0/5 "Great!"
    They are good in all service, without approach them they are providing good service. New India premium is economical, I paid the premium around Rs 7000 for three years. They gave me the third party cover, cash less service. They got tie up with many experience the agents are good.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 18, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Premium should be economical for the renewal"
    0.5 4.0/5 "Great!"
    Whenever there is a issue, I can reimburse with Bajaj Allianz its good than other company. One time I claimed, they gave me cash less service the premium is lesser than others then I changed it. The renewal option is good but they show more premium when I go for renewal.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance policy almost four years back and i am paying the premium annually. The premium amount has not been high and the payment method has been simple. There has not been any claims made so far and the services which they had offered so far was good.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 17, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Good for two wheeler"
    0.5 4.0/5 "Great!"
    My policy belongs to HDFC Ergo, its a premium policy for one year the insured value is fine for me Rs. 97,000, I have the KTM Duke bike its good, I took first party insurance with HDFC Ergo, I really not interacted with them for any policy queries.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • Bharti Axa Two Wheeler Insurance
    "IDV percentage should be increased"
    0.5 4.0/5 "Great!"
    The insured value is low in Bharti axa, I Purchased Royal Enfield bike for Rs. 1.75 but they gave me only Rs. 1.20 lakh . My policy has the tenure of two years, I am not sure about the tie up services. I have taken the first party insurance. I purchased in the month of october 2017.
    Was this review helpful? 2
    , new delhi
    Reviewed on Jan 14, 2019
  • National Insurance Two Wheeler Insurance
    "Better"
    0.5 4.0/5 "Great!"
    I had my two wheeler insurance from National Insurance and it was a better experience. This insurance was issued by the showroom as a default. There is no claim. I felt the premium is bit higher so moved to HDFC Ergo. The customer service is better.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    My two wheeler insurance was taken from HDFC Ergo because it has more benefits and the premium is lower compared to others. It is a first party insurance. The customer service is very good. There was no claim and IDV value is good. I got the insurance paper.
    Was this review helpful? 1
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Very Good Service"
    0.5 4.0/5 "Great!"
    I had taken this insurance for my bike a long time back and it had been a good policy. I had been paying the premium on an annual basis and the premium amount was not too high as well. The payment method has been simple and there has not been any hassle. There has not been any claims made so far and there has not been any hassle faced with the services of them.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Jan 13, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Good features"
    0.5 4.0/5 "Great!"
    I have my two wheeler insurance with ICICI Lombard. The services are good and there no hassles to get the policy. The premium is also nominal. The policy coverage and benefits are satisfactory. I also received the policy papers on time. Good in all.
    Was this review helpful? 0
    , new delhi
    Reviewed on Jan 12, 2019
  • United India Two Wheeler Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    This policy was recently renewed for my bike, my brother went to the showroom and then he renewed the policy, the premium is economical as per the market. They are issuing the policy with the good coverage of bike. Its a trusted insurance company and I got the paper on time.
    Was this review helpful? 4
    , kolkata
    Reviewed on Jan 11, 2019
  • Reliance General Two Wheeler Insurance
    "Should get tie up with more service centers"
    0.5 3.5/5 "Pretty good"
    Even for my Bajaj discover bike I had Reliance general insurance it has the tenure of one year, they gave me good insured value around Rs. 19,000, it covers for the loss, damage. They need to get tie up with chennai to get the hassle free service.
    Was this review helpful? 2
    , chennai
    Reviewed on Jan 10, 2019
  • Reliance General Two Wheeler Insurance
    "Easy Renewal"
    0.5 3.5/5 "Pretty good"
    Based on my experience Reliance insurance company is good, the premium is standard as per the current market. I have Honda it covers for loss, damage cover. There is no claim experience, I used to visit to the branch for the renewal they provide good service.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 10, 2019
  • Iffco Tokio Two Wheeler Insurance
    "Quick Service "
    0.5 4.0/5 "Great!"
    I have bike policy with IFFCO TOKIYO, it was my friend bike later on it got transfered to my name with Iffco Tokiyo two wheeler policy, the insured value is good it has coverage for the loss and damage. On time they processed the policy on my name. I am happy about it.
    Was this review helpful? 2
    , mumbai
    Reviewed on Jan 10, 2019
  • New India Two Wheeler Insurance
    "Good Experience"
    0.5 5.0/5 "Blown Away!"
    In New India, I have insured my Hero CT delux bike, once a while it got damaged they done the service on time, the premium is low however the insured value is good. It has third party insurance, the service is good and I could renew the policy on time.
    Was this review helpful? 0
    , ambala
    Reviewed on Jan 10, 2019
  • National Insurance Two Wheeler Insurance
    "Its Good"
    0.5 5.0/5 "Blown Away!"
    In National Insurance the premium amount is low around Rs. 2000 for one year, the insurance company allocated Rs. 35,000 for my bike. My Honda dio vehicle is around 6 years, the policy activation done on time. My bike got damaged within 10 days.
    Was this review helpful? 3
    , ambala
    Reviewed on Jan 10, 2019
  • New India Two Wheeler Insurance
    "Average Two Wheeler insurance"
    0.5 3.0/5 "Satisfactory"
    My two wheeler insurance was taken from New India for my new bike. The showroom people has done a insurance when i purchased my two wheeler. I paid the premium amount of Rs. 1600. The documentation process was simple. They have given the IDV value of Rs. 55000 which I'm happy about.
    Was this review helpful? 3
    , mangalore
    Reviewed on Jan 09, 2019
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