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Best Bike Insurance without Previous Insurance

Many insurance providers are available in the market to offer insurance policies for bikes. Every insurer tends to deliver a first-time bike policy to customers, who never had any insurance plans for their bikes. However, bike insurance providers also offer policies to people who have got their insurance policies expired and are without any active plan. It works like a boon for those who could not renew their policies on time. The insurance providers generally offer different types of bike insurance options such as third-party insurance plan, standalone own-damage insurance plan, and comprehensive insurance plan.

Third-party insurance is mandatory to own, therefore, it is offered by every insurance provider. It is designed to offer compensation against the financial liabilities towards the third party for their bodily injuries, death or property damage incurred due to an accident or a mishap, due to the insured’s bike. On the other hand, an own-damage insurance plan provides coverage to lessen the damages or losses incurred by an insured’s bike, which may arise due to an unforeseen event involving the insured’s bike. Besides, comprehensive insurance is a policy, which combines both the other plans.

Even if a customer is without a previous insurance plan due to policy expiration or does not even own any documents of the previous insurance, he or she can still apply for a fresh insurance plan with different insurers. The customers can select any type of policy for their bikes based on their requirements and budget. Hence, it is imperative to always go through the offerings and premium amount of insurance policies to find the most suited plan for their bikes. However, apart from buying the right policy, choosing the right insurance provider is equally vital.

Top 5 Bike Insurance Companies Offering Bike Insurance without Previous Insurance As Per Own Damage Claim Settlement Ratio

Insurance Company

Claim settlement ratio for FY 2018-19



Royal Sundaram


Oriental Insurance


Universal Sompo


New India


(Source: IBAI’s General Insurance Claim Insights Handbook For Policyholders - 3rd Edition)

As per the own damage claim settlement ratio for FY 2018-19, these 5 insurance providers are the best to buy a Bike Insurance without Previous Insurance.

1. IFFCO Tokio Bike Insurance

484 reviews
Know more about IFFCO Tokio Bike Insurance
  • Highlights

    Cosmic network garages 4300+ garages
    Check in your City
    PAN India help desk with 24x7 service
    Unlimited Zero depreciation claim
    90.69% Claim Settlement Ratio
  • IFFCO Tokio General Insurance Company

    IFFCO Tokio General Insurance has been servicing customers with a wide range of insurance policies, since its establishment. It also promises to get the claims of its policyholders settled seamlessly within minutes and tops the chart with 96.44% claim settlement ratio.
    Read More
  • Iffco Tokio Bike Insurance User Reviews

    Great team support

    This was my first time checking out insurance from any websi...

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    On: December 24, 2019

2. Royal Sundaram Bike Insurance

417 reviews
Know more about Royal Sundaram Bike Insurance
  • Highlights

    Pioneer of bancassurance in India
    Check in your City
    92.66% Claim Settlement Ratio as per the FY20
    24*7 Emergency Assistance
    Coverage of up to 15 lakhs in accidental cases
    More than 3300 network garages
  • Royal Sundaram General Insurance Company

    Royal Sundaram is one of the best insurance companies in India. They offer different types of insurance policies and several benefits to its customers. It provides insurance cover to every customer, whether they have any previous insurance policy documents or not.
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  • Royal Sundaram Bike Insurance User Reviews

    Affordable two-wheeler insurance

    Found affordable bike insurance with the help of insurance d...

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    On: December 24, 2019

3. Oriental Bike Insurance

72 reviews
Know more about Oriental Bike Insurance
  • Highlights

    24*7 Customer Assistance
    Check in your City
    Claim Settlement Ratio 91.34% as on FY 2018
    Overseas branches
    Quick claim settlement
    Attractive policy plans
  • Oriental Insurance Company

    Oriental Insurance is a public sector general insurance company with 1800+ active branches across the nation. It provides bike insurance policies to people with or without any previous insurance plans. This insurer holds a variety of insurance covers to offer to its customers.
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  • Oriental Bike Insurance User Reviews

    Attention to details

    The site provides the best comparison which is free of cost ...

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    On: December 24, 2019

4. Universal Sompo Bike Insurance

253 reviews
Know more about Universal Sompo Bike Insurance
  • Highlights

    First private-public joint venture company in India
    Check in your City
    90.36% Claim Settlement Ratio in FY18
    86 branches and 17 Zonal offices across India
    24*7 telephonic Customer support
    Network of more than 3,500 garages
  • Universal Sompo General Insurance Company

    Universal Sompo is a leading name in the general insurance sector. The company offers world-class insurance services to its policyholders and that too at reasonable rates with its team of experienced and qualified professionals. Customers with or without previous insurance of their two-wheelers are allowed to get the insurance with this insurer.
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  • Universal Sompo Bike Insurance User Reviews

    Very supportive executive

    As I am new to this field and had zero ideas regarding insur...

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    On: December 24, 2019

5. National Bike Insurance

88 reviews
Know more about National Bike Insurance
  • Highlights

    Rewards with additional discounts
    Check in your City
    Claim settlement ratio of 71.46% in FY 2018
    24*7 Emergency Assistance
    Rich legacy
    Quick renewal service
  • New India Assurance Company

    New India Assurance allows people to get insurance policies who do not own their previous insurance plan documents or have got their previous plan expired. The company is known as an incredible insurance service provider, which gets proven to quite an extent by its claim settlement ratio of 92.23%.
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  • National Bike Insurance User Reviews

    Quotes and plans available

    Impressed to see numerous quotes and policies which gave me ...

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    On: December 24, 2019