Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Discounts On Two Wheeler Insurance

Published On Aug 07, 2020 5:30 AM By Gunjan

Discounts On Two Wheeler Insurance

Bike Insurance Discount - Bike insurance is designed to lessen the impact of bike damage or loss on your pockets. It also helps you adhere to the Indian Motor Tariff regulations and protects you from paying hefty fines. However, you can save money on the purchase of the bike insurance plan as well.

Here are some tips following which you can get discount on bike insurance plans:

1. Always Purchase or Renew Bike Insurance Plan Online

Low operational costs and absence of any middleman enables the insurance providers to offer bike insurance plans to policyholders at low costs. Therefore, it is recommended to purchase the policy through online mode and gain it at a much lesser price in comparison to the offline method. Also, online platforms allow you to compare multiple bike insurance policies and choose a plan that offers the plan at the most affordable rate of premium. In this manner, online purchase of bike insurance policy can double your savings.

2. Opt for Long Term Bike Insurance Plans

Policyholders can purchase the bike insurance plans for short term and long term. Owning a long-term third party insurance is a compulsion for new bike owners. However, they can choose the policy term for standalone own-damage bike insurance plans as per their choice. In such cases, selecting a long-term bike insurance is considered beneficial in terms of costing and the same is suggested for all the policyholders. Long term bike insurance also eliminates the hassle of yearly renewal of plans without delay.

3. Make Use of Claim No Claim Bonus (NCB)

The No Claim Bonus (NCB) is earned by not making any claim in a policy year, which gets accumulated with every successive claim free year. The discount rewarded as per the NCB ranges from 20% up to 50%. Hence, you should try to bear minor burdens so as to spend the year without making any claim. Also, if you have any accumulated NCB, then you should pay heed to that bonus while renewing their bike insurance plan. It will help you get the policy at an economical price through instant discount on the premium amount.

4. Install Security Devices in Your Bike

The installation of security devices in bikes enhances its protection and reduces the chances of theft. This increased security level lessens the risk of insurance providers to pay any compensation to policyholders. On this note, many insurers offer bike insurance plans to its policyholders at discounted rates, if they have installed security devices, approved by Automotive Research Association of India (ARAI), in their bikes. It means you can get a bike insurance plan at a lower price by getting ARAI approved security devices installed in your bike.

5. Drive Carefully to Avoid Any Accident

The basic element of driving is responsibility. While riding a bike you must be careful about the safety of yourself as well as others. The bike insurance offers third party insurance cover as well as standalone own damage insurance policy, which compensates the damages and losses incurred to third parties and your own bike. But, meeting with an accident and making claims can terminate the NCB benefit. Hence, it is advisable that policyholders should drive carefully to avoid accidents, which will help them spend claim-free years and get the plans at discounted price during renewals.


The above-mentioned tips will surely pave you the way to get bike insurance plans at discounted prices. This write-up would also assist you to make a conscious decision while buying a bike insurance policy. It will help you find the best insurance cover at the most economical price.

Also Read:

Standalone Own Damage Two Wheeler Policy

IDV Calculation: How IDV is Calculated in Two Wheeler Insurance

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.

must dotmust graphics

Why to buy from InsuranceDekho?

  • Instant policy# within 5 mins
  • More than 45 lac happy customers
  • Claim Support available all 7 days of the week

People Also Read



Find the right bike insurance for you

Partner Bike Insurance Companies

Disclaimer: InsuranceDekho does not endorse, rate or recommend any particular insurance company or insurance plan.

Calculate your Two Wheeler IDV

Find the right bike insurance for you