Top 11 Two Wheeler Insurance Companies in India 2019

With the advent of online insurance sales, there is a plethora of two wheeler insurance plans offered by insurance companies in India today. Here, we take a look at the top insurance companies offering an assortment of two-wheeler insurance solutions.

Bajaj Allianz General Insurance Company

One of India’s biggest and best general insurance companies, Bajaj Allianz General Insurance Company came into existence in 2001. Since its establishment, it has grown exponentially, with a presence in nearly 200 towns and cities across the country. It offers a wide variety of insurance products that cater to the requirements of a diverse customer base. The company has been able to penetrate the market to a great extent thanks to its state-of-the-art digital applications. Bajaj Allianz two wheeler insurance carries superior values and the company ensures that its customers have an excellent experience.

HDFC Ergo General Insurance Company

Another major general insurance company in India, HDFC Ergo General Insurance Company is a joint venture between ERGO International AG – the primary insurance body of the Munich Re Group, and HDFC Ltd. The company offers a variety of insurance products across travel, health, motor, and general categories. It also provides property insurance, marine insurance, and liability insurance to its customers. Currently, HDFC Ergo General Insurance Company has 122 branches in 106 cities and employs more than 1,000 people. ICRA Limited has given HDFC Ergo General Insurance Company the iAAA rating and it has also received the ISO certification for its customer service, policy issuance, and claim services, making it one of the best options out there.

Bharti AXA Motor Insurance Company

Bharti Enterprises owns Bharti AXA General Insurance Company in collaboration with AXA, which is a worldwide leader in financial protection. About 51% of the stake in the venture is held by Bharti Enterprises while the remaining 49% is held by AXA Group. The company came into existence in 2008 and presently has more than 80 branches across India. It offers a variety of insurance policies for commercial as well as retail clients. You can avail travel insurance, critical illness insurance, personal accident insurance, home insurance, car insurance, and two wheeler insurance from Bharti AXA General Insurance Company. Bharti AXA two wheeler insurance extends to a number of helpful products such as commercial vehicle insurance, third-party liability insurance, etc. Since its inception over 10 years ago, Bharti AXA Motor Insurance Company has issued nearly 10 million policies, settling around 1.3 million claims in the process so far.

National Insurance Company

Founded in 1906, the National Insurance Company is India’s oldest insurance company. It is also the only non-life insurance company in the public sector and among the most trusted insurers across the country. The National Insurance Company has received the ‘Best in Service’ award for its health and motor insurance business that comprises 63% of the non-life insurance market in India, making it an option worth considering if you are looking to purchase two wheeler insurance online.

IFFCO Tokio Insurance Company

The Indian Farmers’ Fertilizer Co-operative Nichido Fire Group, or IFFCO, as it is commonly known, and Tokio Marine got into a joint venture to create IFFCO Tokio Insurance Company in the year 2000. Since it was established as an insurance major in the country, IFFCO Tokio Insurance Company has grown significantly as the years have passed. It offers a wide variety of motor insurance products that cater to the needs of a diverse customer base. The two wheeler insurance policies offered by IFFCO Tokio Insurance Company are simple, and the company also has a high claim settlement ratio which makes it a preferred option among many bike owners in the country.

New India Assurance Company Limited

Sir Dorabji Tata, the founding member of the House of Tata established the New India Assurance Company Limited in 1919. A merger of Indian companies saw the New India Assurance Company Limited get nationalised in 1973, and it has since gained a reputation for being one of India’s leading insurers. It remains the first non-life company in the country whose global business crossed Rs.22,270 crores in March 2017, and has an international presence in Singapore, Kenya, Japan, the UK, and the middle east. It offers comprehensive and liability-only two wheeler insurance policies to its customers at competitive rates and has plans that are designed to meet your unique insurance needs.

L&T Motor Insurance Company

Larsen and Toubro Limited (L&T) fully owns the L&T General Insurance Company Ltd. Forbes has rated L&T General Insurance Company Ltd. among the top 50 reputed companies across the globe, and the company’s goal is to establish itself as an insurer that stands out from its competitors by providing its customers with helpful and effective insurance solutions. The L&T Group has been around for 70 years, gaining financial strength and expertise that have contributed towards making it a leader in several segments and construing it as a trustworthy and credible insurance company thanks to its effective range of products.

SBI Insurance Company

The SBI General Insurance Company Limited is jointly owned by Insurance Australia Group (IAG) and the State Bank of India. The State Bank of India is the country’s largest banking institution and has more than 20,000 branches in towns and cities across India. It also has five associate banks and owns 74% of the SBI Insurance Company while the remaining 26% stake is held by IAG. SBI Insurance Company offers a variety of insurance products such as travel insurance, home insurance, health insurance, motor insurance, personal accident insurance, fire insurance, marine insurance, etc. SBI two wheeler insurance is definitely one of the options to consider if you plan to buy bike insurance online.

Royal Sundaram Alliance Insurance Company

The very first private sector insurance company to be licensed in India, Royal Sundaram Alliance Insurance Company offers a wide range of insurance solutions across travel, home, personal accident, motor, and health sectors. The company has more than five million customers and distributes its products across 136 cities in India. It is one of the most reputable and trusted insurance companies in the country and Royal Sundaram two wheeler insurance is one of the best options out there if you are looking for bike insurance online.

Reliance General Insurance Company

A part of the Reliance Group, the Reliance General Insurance Company is among India’s most trusted insurance companies. It caters to a diverse customer base and has a variety of insurance products such as travel insurance, health insurance, motor insurance and much more. With 139 offices across the country, Reliance General Insurance Company is among the most popular as well as trusted insurers in India. The company has received several awards for Quality Management System from Det Norske Veritas – a renowned Global Quality Standards Auditing Company. It also holds the distinct privilege of being the first insurance company from India to receive the company-wide ISO 9001:2008 certification thanks to its provision of quality products and services to customers across the country.

Considering the number of quality insurance providers in India, it is essential to do your homework and consider a variety of factors to find the insurance company and policy that best suit your unique insurance requirements.

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Customer Reviews

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  • Bajaj Allianz Two Wheeler Insurance
    "Good"
    0.5 4.5/5 "Excellent!"
    My two wheeler is insured with Bajaj Allianz and its a first party insurance. I have paid around 1400 to 1500 rupees for one year. I have no claims so far. I have not experienced with their customer service. I have received the insurance paper through email.
    Was this review helpful? 1
    , kanpur
    Reviewed on Mar 15, 2020
  • Liberty
    Liberty Two Wheeler Insurance
    "Best in the market"
    0.5 4.5/5 "Excellent!"
    I have been with Liberty General for past 4.5years because it offers more service on less price. I have done claims as well, the documentation part is not much. I have paid only 1K for the claim amount of 22 to 23K. I have a Honda Unicorn with first party insurance plus full cover.
    Was this review helpful? 0
    , kochi
    Reviewed on Mar 15, 2020
  • National Insurance Two Wheeler Insurance
    "Customer service need to be improved"
    0.5 3.0/5 "Satisfactory"
    Last time when my bike got accident, I have contacted the customer care service but those people were not responding properly. Showroom people when i purchased the bike, they have provided the two wheeler insurance from National. When i checked with the showroom people, they said it takes lot of time to get a insurance amount so i have paid the money from my hand.
    Was this review helpful? 2
    , chennai
    Reviewed on Mar 12, 2020
  • New India Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I have chosen the two wheeler insurance policy from New India since the premium is less. I have renewed the policy through online. This is a first part insurance. I have paid the premium amount of Rs. 1,000. They have sent the document through mail by next day. I have not approached them for any kind of claim. I bought the policy on 3 months before.
    Was this review helpful? 0
    , chennai
    Reviewed on Mar 11, 2020
  • ICICI Lombard Two Wheeler Insurance
    "Satisfactory policy"
    0.5 4.0/5 "Great!"
    Purchased the two wheeler insurance from ICICI Lombard by this month. I have chosen it because the showroom people have recommended me about this company. I have paid the premium amount of Rs. 1800 including tax. They have given me a satisfied IDV value. This is a first party insurance. They have provided me no claim bonus also.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 11, 2020
  • Reliance General Two Wheeler Insurance
    "Easy and fast policy"
    0.5 4.0/5 "Great!"
    I used to purchase the two wheeler insurance from Reliance. They have good tie up with the garages hence its easy to do a claim. I got the insurance with the package when i bought the bike and i just keep on renewing it for almost 5 years. I renew the policy through online. I pay the premium amount of Rs. 5000 for the duration of 2 years. I haven't applied the claim till now hence they have provided me a no claim bonus. The policy is bit costly when i differentiate with others.
    Was this review helpful? 2
    , kochi
    Reviewed on Mar 10, 2020
  • Bajaj Allianz Two Wheeler Insurance
    "Affordable policy"
    0.5 4.0/5 "Great!"
    My two wheeler insurance was taken from Bajaj Allianz because they have given me a higher IDV value. I purchased the policy through online and the premium amount is comparatively less when i check with others. I have not applied for any claim till now. I have received a no claim bonus as well.
    Was this review helpful? 1
    , bangalore
    Reviewed on Mar 06, 2020
  • National Insurance Two Wheeler Insurance
    "Good and payment is low"
    0.5 5.0/5 "Blown Away!"
    I took my two wheeler insurance from National because its a good company. I have been renewing the policy with the same company for almost 7 years. I pay the premium amount of Rs. 900. Through online, i used to renew the policy. I do not have any claim experience with this policy.
    Was this review helpful? 3
    , ludhiana
    Reviewed on Mar 03, 2020
  • National Insurance Two Wheeler Insurance
    "Nice policy"
    0.5 5.0/5 "Blown Away!"
    By the showroom people, I got the two wheeler insurance from National. I have paid the premium amount of Rs. 7000 for the duration of 5 years. They have provided me a IDV value of Rs. 1 lakhs. This is a third party insurance. They gave me a policy documents on time. I have not experienced of any claim till now.
    Was this review helpful? 2
    , kochi
    Reviewed on Mar 02, 2020
  • Universal Sompo Two Wheeler Insurance
    "Worst Insurance Company in Indian Market"
    0.5 0.5/5 "Unacceptable"
    Pathetic! Truth about this company - If you take insurance from them, you'll end up paying high premium (highest in market) and will get the worst service ever possible. Customer care won't reply to any of your query for weeks, won't pass claims and if for some reason your money is stuck with them, consider it's gone forever.
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 02, 2020
  • New India Two Wheeler Insurance
    "Average Policy"
    0.5 3.0/5 "Satisfactory"
    Previously they have provided me a two wheeler insurance from New India but for the old vehicle they are not giving good IDV value. They are giving a IDV value based on the vehicle model. In the year of 2018, when i renewed the policy they have provided me a IDV value of Rs. 41000 but suddenly they have reduced upto 31000 so i have not continuing with them. In the year of 2016, i had applied the claim and they have done it in 1 month.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 02, 2020
  • ICICI Lombard Two Wheeler Insurance
    "Good Insurance plan"
    0.5 5.0/5 "Blown Away!"
    Chosen my two wheeler insurance from ICICI Lombard its because of the IDV value. I have paid the premium amount of Rs. 3200 for the duration of 2 years. They have provided me a coverage of Rs. 36000. By online, i have renewed my policy. I have got the mail immediately regarding the soft copy of the documents and i need to check about the hard copies.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 02, 2020
  • ICICI Lombard Two Wheeler Insurance
    "Good Policy with good service"
    0.5 5.0/5 "Blown Away!"
    Took my two wheeler insurance from ICICI Lombard and so far i have done the claim twice and it got passed so fast. When i bought the bike, the showroom people provided me a free insurance from ICICI Lombard hence i am continuing with the same. My policy got expired 2 months before and I'm receiving the reminder calls regarding the renewal.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Mar 02, 2020
  • Bajaj Allianz Two Wheeler Insurance
    "Satisfactory policy"
    0.5 3.0/5 "Satisfactory"
    Taken my two wheeler insurance from Bajaj Allianz. When i taken scooter, the supplier has provided me this policy and I'm continuing with the same insurer. I have paid the premium amount of Rs. 3500 which covers for 3 years. They are giving me a IDV value of Rs. 48000. I used to renew the policy through Internet. I don't have any claim experience till now.
    Was this review helpful? 1
    , allahabad
    Reviewed on Mar 02, 2020
  • Bajaj Allianz Two Wheeler Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken two wheeler insurance directly through Bajaj Allianz general insurance.The agent clearly shared the insurance process and this was a 1 year policy. I need to renew this policy every year .The policy documents are received on time. The process was very fast and smooth according to me.
    Was this review helpful? 1
    , bangalore
    Reviewed on Feb 28, 2020
  • New India Two Wheeler Insurance
    "Best for claim purpose"
    0.5 5.0/5 "Blown Away!"
    New India is a very old insurance company in India thats the reason i opted my bike policy here. I have taken the claim when my bike got damaged and they have provided me a cashless option within 15 days. I pay the premium amount of Rs. 2800 and they are giving me a coverage amount of Rs. 50000. I go to the branch directly to renew the policy and overall good.
    Was this review helpful? 0
    , jamshedpur
    Reviewed on Feb 27, 2020
  • Bajaj Allianz Two Wheeler Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    Since my bike is from Bajaj company, they have provided me a two wheeler insurance from Bajaj Allianz. I have paid the premium amount of Rs. 1500 for that they have provided me a sufficient IDV value. I used to renew the policy in the nearby petrol bunk. They will provide the policy documents immediately.
    Was this review helpful? 2
    , chennai
    Reviewed on Feb 21, 2020
  • Oriental Insurance Two Wheeler Insurance
    "Best one"
    0.5 5.0/5 "Blown Away!"
    I have taken my two wheeler insurance from Oriental company. I have been paying the premium amount of Rs. 800 for that they are giving me a IDV value of Rs. 50000. I have not approached them for any claim till now. I used to renew the policy by visiting the branch and doing payment via cash or debit card.
    Was this review helpful? 1
    , guwahati
    Reviewed on Feb 19, 2020
  • ICICI Lombard Two Wheeler Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    Taken my two wheeler insurance from ICICI Lombard because the policy feature is good. ICICI Lombard people contacted me before the policy expiry time and i have renewed the policy with them again. I have paid the premium amount of Rs. 2000 for that they are giving me a coverage value of Rs. 90000. I used to renew the policy through online.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 14, 2020
  • ICICI Lombard Two Wheeler Insurance
    "Quick processing policy "
    0.5 5.0/5 "Blown Away!"
    ICICI Lombard company is providing the policy in online, if i enter all my details on the site and also their process is very simple thats the reason i preferred to have a ICICI Lombard two wheeler insurance. For 3 years tenure, i have paid the premium amount of Rs. 6700. For the third party insurance its Rs. 1 lakh and bike cover is Rs. 1 lakh other than that personal injury or death covers. 1 lakh. I used to renew the policy through online.
    Was this review helpful? 0
    , krishnagiri
    Reviewed on Feb 13, 2020
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