Factors To Compare While Purchasing A Bike Insurance Policy Online

Published On Feb 21, 2021 11:00 AM By InsuranceDekho

Bike insurance helps two-wheeler owners get their vehicle insured against untoward incidents, such as theft, road accidents, natural/man-made calamities, explosion, fire, riots, strike, etc. Given the diverse types of policies available in the market, it is always recommended to compare and buy bike insurance online.

By comparing bike insurance policies online, you can find out the best policy which has good coverage features and also charges the reduced rates. As the policies are available online, it becomes simple to compare bike insurance online.

Factors To Consider While Comparing Bike Insurance Online

There are several factors which should be considered when you compare online bike insurance. Listed below are the factors which are essential comparison parameters –

  • The Add-ons Offered And Their Premium

Add-ons assist increase the scope of coverage of your bike insurance policy. They are essential and must be taken into consideration when you buy bike insurance or renew it online. Compare the various add-ons offered by the policies to find which policy provides you the add-on you wish for. If the add-on is provided by several firms, compare the add-on premiums. The premiums differ and you must select a policy always which charges the reduced premium for the add-on.

  • Coverage With Reference To The Premium

When comparing, do not look at the premium only. Always think about the coverage features of the policy together with the premium charged. Search for additional in-built coverage provided by the different policies and select a policy which has maximum coverage advantage. This would make sure a wide-ranging scope of coverage. After comparing bike insurance price buy that policy which offers the most inclusive coverage advantages at the lowest premium rates.

  • Network Of Cashless Garages

The essential factor to think about is the network of cashless garages of the insurance company. If you wish for a bike insurance claim cashless settlement, you must get your bike fixed at a garage they have tie-up with. If the firm has a vast network of garages in India, finding a networked garage would become simpler for you. This would simplify your claim settlement as the insurance firm will settle the claim with the garage directly. Thus, select an insurer having the biggest network to guarantee speedy and easy claim settlement.

  • Available Discounts

The next thing which you should compare is the discount provided by the various plans. Search for the maximum discounting factors provided by the insurance companies. Apart from the different types of discounts, their rates must also be compared. The discount rates differ across plans and if you want to decrease your insurance charges to the lowest possible rate, choose a policy which has the highest rate of discount.

  • Service Quality

The insurance sector has changed over the years to a vast extent. Earlier, people used to find it hard to recognize insurance policies. Buying a policy involved a lot of documentation. There was scope for middlemen and agents to conceal information to meet personal goals. But, all that is in the past as people are now more well-versed. Digital insurers have made the whole insurance experience favorable by focusing on the service quotient. Hence, search for an insurer that is known for stress-free claim settlement in addition to a convenient insurance procedure at all stages.

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Conclusion

The above-mentioned factors should be considered when you compare bike insurance. If you purchase a plan after evaluating it on these factors, you would have the most excellent policy at your end. Thus, understand these limitations and then purchase or renew your two-wheeler insurance plan.

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.

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