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

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.

Tata AIG Motor Insurance Company

Tata AIG Motor Insurance Company is a joint venture between Tata and AIG, which is a leading American conglomerate. Ever since its inception, Tata AIG Motor Insurance Company has become a popular name in the market thanks to the provision of innovative insurance solutions. It offers a wide range of insurance services and is present in more than 187 locations across India, making it one of the biggest and best insurance companies in the country.

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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  • Tata AIG Two Wheeler Insurance
    "Single year package"
    0.5 5.0/5 "Blown Away!"
    Due to safety consideration , I Insured my Hero Honda vehicle in Tata AIG. It is a single year package with affordable premium . They given me a correct IDV value of 25 k . I got a very nice service from the agent . I have not gone for any claim by Gods grace .
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 23, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken ICICI Lombard Two Wheeler Insurance policy .Its a one year policy the model of vehicle is Honda activa 5G .Each year i need to renew it .I am paying the premium of Rs.2600. I have received policy documents on time .I am paying the premium through Credit card as well as and Debit Card .The Overall Service is Good .
    Was this review helpful? 0
    , vijayawada
    Reviewed on Mar 23, 2019
  • ICICI Lombard Two Wheeler Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    I have taken Two Wheeler Insurance policy from ICICI Lombard .The tenure is for 1yr only and need to renew the policy every year.The premium is varying year to year.The model of my two wheeler is Bajaj pulsar.I have received the policy documents on time as well .The agent clearly explained the process. I have not faced any issues on submitting the documents . It is an online process so no difficulties. The Overall Service is Good.
    Was this review helpful? 0
    , chennai
    Reviewed on Mar 23, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Good customer support"
    0.5 5.0/5 "Blown Away!"
    There was some issue with my HDFC Ergo bike insurance , my sur name was updated wrongly but when I placed the request they changed it. I took comprehensive plan called first party, I am not sure about the premium because from my loan amount the premium was taken.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 22, 2019
  • HDFC Ergo Two Wheeler Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I have a two wheeler insurance with HDFC ERGO and its been more than one year. Its long term plan for 3 years and made one premium which is around 12K through online. I have chosen this insurer for two reasons because of long term and the benefits are good. I got the insurance paper.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Mar 22, 2019
  • Shriram Two Wheeler Insurance
    "GOOD"
    0.5 4.0/5 "Great!"
    I have been holding the two wheeler insurance policy with the SHRIRAM GENERAL INSURANCE and i am using it from last six years approximately. I had no claim experience with this policy , the premium and the IDV value is nominal with this policy. The policy coverage is for 3rd party with this insurance.
    Was this review helpful? 0
    , bhopal
    Reviewed on Mar 22, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Need improvement"
    0.5 3.0/5 "Satisfactory"
    I took Bajaj Alliance bike policy from Indian overseas bank, for one year I paid around RS. 1300 for the first party and personal accident. The coverage is less for the Bajaj bike its around five years old, they should increase it.
    Was this review helpful? 0
    , chennai
    Reviewed on Mar 22, 2019
  • Shriram Two Wheeler Insurance
    "Good policy for bike"
    0.5 4.0/5 "Great!"
    While taking my two wheeler loan from Shriram finance hence I got the policy from their end. I took the personal accident cover, on june my bike turn old year old. I believe Shriram general gave me insured declared value of 100% as a coverage its good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 21, 2019
  • Reliance General Two Wheeler Insurance
    "Good"
    0.5 3.0/5 "Satisfactory"
    Reliance is better and have taken my bike insurance. The premium was around Rs.961 and it was affordable. I have not contacted the customer service. I got the insurance paper. Its a first party insurance and my bike is 15 months old. The benefits are good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 21, 2019
  • Reliance General Two Wheeler Insurance
    "Need more details to be shared with Customer"
    0.5 4.0/5 "Great!"
    I have HONDA Unicorn 2017 model , For that I had insured my vehicle in Reliance General insurance . It is third party cover and I paid a premium a Rs 1800 /- . Till now I didn't gone for any claim . Executive didn't give me any information about the third party cover and No claim bonus details.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Mar 21, 2019
  • United India Two Wheeler Insurance
    "Cost should be lower"
    0.5 2.0/5 "Expected more"
    Regularly I have renewing my bike policy with United Insurance. When ever I go for renewal I could not find no claim features. Last year my premium was Rs. 12,000 this year I paid Rs.1700 for one year. They increased the premium, I used to renew the policy by visiting their office within 30 minutes I get my policy paper.
    Was this review helpful? 0
    , vellore
    Reviewed on Mar 21, 2019
  • Oriental Insurance Two Wheeler Insurance
    "Good service"
    0.5 5.0/5 "Blown Away!"
    I have my bike insurance with Oriental Insurance for two reasons, my friend is working and the insurance coverage was very good. I have paid around Rs.1700 to 1800 via cheque for one year plan. Their customer service is better. Its a first party, my bike is 2 years old and IDV is good.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 21, 2019
  • Reliance General Two Wheeler Insurance
    "Vehicle premium Insurance rate need to be reduced "
    0.5 3.0/5 "Satisfactory"
    I have recently purchased my vehicle in Yamaha FZ 2017 model , I insured my vehicle in reliance insurance . Executive taken care of my entire insurance procedure . My vehicle has first party coverage, with correct IDV value but the premium is Rs 1800 /- . Customer service is appreciable .
    Was this review helpful? 1
    , mumbai
    Reviewed on Mar 21, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Need to improve the customer service"
    0.5 3.0/5 "Satisfactory"
    Its one year old, the premium is high and there was no timely response from the Bajaj customer service. I have already made a complaint but they have not respond to me. Till now have not claimed anything. The benefit is nice and the policy value is 15L.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 21, 2019
  • Bajaj Allianz Two Wheeler Insurance
    "Trusted policy with Bajaj"
    0.5 4.0/5 "Great!"
    I have policy with Bajaj Allianz for nearly 10 years, they are providing no claim benefits, I have hero honda brand car around 10 years old, they still give third party and other benefits. Yearly I renew with policy, I felt the premium is reasonable.
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 21, 2019
  • Reliance General Two Wheeler Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I have a two wheeler insurance with Reliance for last 3 years. The premium is reasonable for me and have not compared with others. The response was average and I received a notification msg and calls from the customer service. The benefits are not checked and have paid around 1500 rupees through online.
    Was this review helpful? 0
    , chennai
    Reviewed on Mar 21, 2019
  • National Insurance Two Wheeler Insurance
    "Good Policy for bike"
    0.5 4.0/5 "Great!"
    I have hero honda vehicle its around 7 years old, for that I purchased policy from National Insurance company. The premium amount is reasonable its a third party insurance, the idv is good, in panval they have so much of tie up and other insurance company.
    Was this review helpful? 0
    , mumbai
    Reviewed on Mar 20, 2019
  • ICICI Lombard Two Wheeler Insurance
    "IDV percentage should be increased"
    0.5 4.0/5 "Great!"
    I have Apache bike it was already protected by ICICI lombard, my bike is around two year old, the insurer gave me the coverage of Rs. 70,000 its lower. For the renewal easily I done the process through out agent. I am very fine with my two wheeler policy.
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 20, 2019
  • National Insurance Two Wheeler Insurance
    "Its Good"
    0.5 4.0/5 "Great!"
    From National Insurance I got bike policy for my Bajaj discover, this bike was manufacture before five years. I paid the premium of Rs. 1000 as premium, the insured value is good around Rs.28,000. The draw back is they won't cover all the parts,they should give 100% of cover.
    Was this review helpful? 0
    , new delhi
    Reviewed on Mar 20, 2019
  • Iffco Tokio Two Wheeler Insurance
    "Customer executive need to give full information ."
    0.5 3.0/5 "Satisfactory"
    I Renewed my two wheeler insurance in IFFCO TOKIO for my vehicle HONDA Livo . I paid a affordable premium of Rs 1800 /- . Till now I had not gone for any claim . Customer Executive didn't any information about the No claim bonus , third party cover insurance . Customer executive need to give full information about the insurance product .
    Was this review helpful? 0
    , bangalore
    Reviewed on Mar 20, 2019
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