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Beginners Guide To Buy Two Wheeler Insurance Online


Written by Sumit Arora

Updated Jul 14, 2021

If you are new to purchasing bike insurance for your treasured two wheeler, read this article to find out everything you need to know about buying bike insurance policy online.

When you are purchasing bike insurance online, it is extremely vital that you do adequate research and compare different policies. If you don't have adequate information, you risk purchasing the incorrect insurance plan and not receiving the coverage you require. Hence, if you're shopping for bike insurance for the first time, you'll need to examine a number of variables in order to locate the ideal plan for you. The first thing to know about bike insurance is that it is obligated under the Indian Motor Vehicle Act. Therefore , before you hit the road, be sure you have bike insurance. 

Beginners Guide To Buy Two Wheeler Insurance Online

What Are The Different Types of Bike Insurance Policies?

In general, two-wheeler insurance plans are divided into three categories-

  • Third-Party Liability Insurance

The most basic insurance coverage that every bike owner must have in order to ride a bike in the country is third-party insurance. It safeguards you from any potential liability to third parties or harm to their property.

  • Standalone Own Damage Bike Insurance

The Standalone Own Damage coverage is a bike insurance policy that protects you financially in the event that your own bike is damaged or stolen as a result of an accident or incident.

  • Comprehensive Bike Insurance Policy

In the event of an accident or other unanticipated incident, the Comprehensive insurance policy protects you against any financial obligations you may have to a third party, as well as the costs of repairing your own bike. To augment your coverage with this cover, you may choose from a number of add-on covers.

You may also like to read:- How To Check Bike Insurance Expiry Online? 

Points That You Should Consider Before Purchasing Bike Insurance 

While purchasing bike insurance is mandatory, as a beginner, you must understand the importance of purchasing a policy that offers the optimal coverage for you. The following are the points that you should consider before purchasing bike insurance online- 

  • Additional Covers

You'll need to choose the add-on covers for your bike after you've decided on the type of insurance you'll require. Add-ons are riders or covers for your insurance policy that offer you additional coverage. These add-ons will assist you in covering situations that your standard policy does not cover. However, keep in mind that adding these coverages to your bike insurance policy may increase your premium. Therefore, make sure you select the ones that are ideal for your requirements.

  • Insurance Premiums for Bikes

While you want to get the most coverage possible, you also want to make sure that the cost of your bike insurance is reasonable. Your bike insurance rate is determined by a number of criteria, including the age of your bike, its Insured Declared Value, your location, the add-on coverage you select, and so on. Make sure to calculate the cost of your premium when purchasing bike insurance online.

  • Cashless Garages 

Insurance companies have agreements with licensed garages. Network garages are the name for these types of garages. You will not be responsible for any repair costs if you fix your bike in one of these garages. The insurance company will be responsible for paying the expenses. 

  • Claim Settlement Procedure

The purpose of obtaining bike insurance is to be able to file a claim. You'll want to file a claim with your insurance as quickly as possible after an accident or tragedy. To be eligible for this benefit, look for insurer-provided services such as self-inspection, digital claim processing, and so on. The Claim Settlement Ratio of an insurance firm can also be used to determine how devoted and efficient they are when it comes to resolving claims.

Also Read:- A First-Time Bike Insurance Buyer's Guide    

Take Away

It is both obligatory and necessary to have bike insurance. To be protected from the financial obligations that come with owning a bike, make sure to obtain a bike insurance policy that provides adequate coverage at an affordable rate.

Disclaimer: 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.    


Written by Sumit Arora

Sumit is an insurance industry veteran with more than 20 years in the industry. Sumit is a frequenRead More

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