Hacks For Getting Affordable Two Wheeler Insurance

You cannot avoid the fact that riding a motorcycle on the roads of our country is rather unsafe and you cannot avoid having insurance for the same.  However, two-wheeler insurance is sometimes filled with complex terminology and obscure words that may make it difficult to get the best offer. You might have been incurring hefty charges all along, but you were unaware of it.

Helpful Hacks For Getting Affordable Two-Wheeler Insurance

Following are some tips and tricks that you can make use of to get an affordable bike insurance policy

Pick Your Bike Wisely

You could choose to get a high-performance bike with cutting-edge technical features. It's crucial to remember that a pricey bike with a powerful engine may require you to pay a larger premium. Due to the relatively high cost of claims for expensive bikes, insurers typically demand higher premiums to mitigate their risk. Therefore, be sure to take this aspect in mind when buying a new two-wheeler.

Avoid Smaller Claims

It is a gift you receive for driving carefully. However, if you do file a claim during the course of the policy, even for minor damages, you will no longer be eligible for the NCB when your policy is renewed.

Select A No Claim Bonus Defender

A common add-on or rider offered by insurance providers is called NCB Protector, which essentially guarantees that your No Claim Bonus will be preserved even if you file a claim. This add-on is inexpensive and can help you avoid losing out on significant savings by not filing a claim. Your entire no-claim bonus might be forfeited with only one claim.

Timely Renew Your Insurance Coverage

If you don't renew your insurance policy before the grace period has expired, the policy will expire. In the event that an unpleasant catastrophe occurs, you can miss out on rewards. In order to prevent your insurance policy from being cancelled, it is crucial to renew it on time. 

Take Great Care When Choosing Your Add-Ons

The coverage of your motorcycle insurance is improved by add-ons, commonly referred to as riders. Roadside help, No Claim Bonus coverage, personal accident coverage, zero depreciation benefit, and hospitalisation cash allowance coverage are some of the most popular add-ons for two-wheeler plans. Depending on your demands and requirements, you can choose from a variety of solutions.

Select a Longer Term

Go for a lengthier term if your money will allow it! By choosing a longer term, you can save a sizable sum of money. As the premium amount is locked for the policy term, you may choose a 1-year, 2-year, or 3-year policy tenure. Long-term insurance policies don't have premium increases, therefore you can get the best rate.

Compare Different Options

You can examine a number of factors when comparing insurance policies from different insurers, including the policy benefits, add-on coverage offered, features, the claims process, and the channels for premium payment, among others. Additionally, you want to look online for two-wheeler insurance quotes before selecting the one that provides the best protection at the most reasonable cost

Increase The Security Features On Your Bicycle

Increasing the security features on your two-wheeler will not only make you feel more secure, but it will also enable you to get a lower premium cost. If your bike must be secured at all costs against accidental damage, vandalism, and theft, the insurance provider's liability is reduced. Therefore, insurance companies provide reductions if your two-wheeler has been protected and less damaged.

Conclusion

You can reduce the cost of your two-wheeler insurance by using these suggestions. Choose a few of these recommendations to get a two-bike wheeler's insurance policy at a lower cost. Some forethought before making the purchase can help save you a lot of money!

Also read:

Can Bicycle Insurance And Bike Insurance Be Covered In The Same Plan?

Benefits of bike insurance for female riders