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5 Ways In Which Your Bike Will Impact Its Insurance Cover

Published On Aug 05, 2022 11:00 AM By InsuranceDekho

5 Ways In Which Your Bike Will Impact Its Insurance Cover

When purchasing a bike, most people inquire around. They look into the specs, the maker, and the price of the bike, weigh their options, and finally narrow their search to a few viable choices. It's time for the bike's licensing at the Regional Transport Office once they've decided to buy it. At this point, students understand that they must get two-wheeler insurance for them to complete the verification process.
People do not often think about insurance. They should ideally follow the same procedure while looking for, comparing, and purchasing a bike insurance coverage as when buying a bike. Typically, an insurance agent or the dealership will help you purchase your first coverage. Many of us are unaware of the fact that we really don't need much help and may get a two-wheeler insurance coverage on our own. To find out about the impact of bike insurance, read on.

5 Ways In Which Your Bike Will Impact Its Insurance Cover

How does one’s bike impact their insurance cover?

Following are some of the listed impacts of bike over one’s insurance cover -

Bike’s Manufacturer

The bike's maker or brand can have a significant influence on the cost, which in turn affects the premium for bike insurance. A Harley Davidson is the dream of many ardent bike enthusiasts. Bikers are drawn to buy these bikes because of their fantastic characteristics, particularly the firing, and attractive design. All of this raises a bike's worth and directly affects how much its bike insurance will cost. On the contrary, a straightforward scooter has a modest purchase price and a therefore low insurance cost.

Bike Model

Every two-wheeler model will have a different insurance price. As a result, insurance prices for similar-type automobiles may vary. As an illustration, if two buddies both buy a bike, one owns a Bajaj Passion while the other has a Bajaj Pulsar. Both will be required to pay different sums for the purchase of bike insurance plans. This is due to the fact that two motorcycles will have varying prices.

A Bike’s Engine

The core of a bike is said to be the engine. The more you take care of it, the more healthy it will be. The cubic capacity of the engine will be one of the main considerations when determining the premium price for a comprehensive motorcycle insurance coverage (cc). Higher engine displacement bikes will also cost more to insure.

Bike’s Age

Your bicycle matures with time, just as you do. The value of cars decreases over time in the automotive business (unless, of course, it's a historic model!). Your bike insurance policy's price will drop due to this value decline.

Bike’s IDV

Insured Declared Value is referred to as IDV. This really is the sum that you must choose when purchasing your insurance. It is about the bike's current market value. Keep in mind that a greater IDV will raise the expense of your insurance as well as a lower IDV might result in a lower total loss claim payout. Therefore, every time users renew their policy, set the appropriate IDV.

Why Should A Person Buy Insurance Online?

People in today's world have integrated their smartphones into every aspect of their life. The internet is used for almost all functions, including researching, purchasing, chatting, etc. As a result, insurance firms also provide coverage online.


The purchase of a two-wheeler insurance coverage involves several different factors. Most importantly, it should fit into your budget and offer sufficient financial protection during times of need. It is indeed true that you shouldn't pay a significant sum of money to cover your bike's insurance. You must comprehend the fundamentals of bike insurance in order to strike the proper balance. This essay will concentrate on how the insurance for your bike is affected by it and why individual costs may vary.

Also Read: Top 10 Helmet Brands in India & Need For A Good Helmet


This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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