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How Does Bike Modification Impact Two Wheeler Insurance Premium?

Updated On Jul 12, 2021

Read this article to find out how modifying your bike by adding accessories or technical devices will affect your bike insurance premium.

People's differences have always resulted in differences in taste. Some individuals prefer to keep their bicycles simple, while others prefer to spice them up with a few modifications. Bike customization has become a popular fad that has risen in tandem with technological advancements. Insurance firms have made it a point to stay current with the ever-changing world of automobiles. Insurance is not only a requirement but also a need that aids in the fight against any financial liability.

How Does Bike Modification Impact Two Wheeler Insurance Premium?

How Do Different Types of Modifications Impact Your Premium? 

Some bike lovers are adamant about not changing anything about their two-wheelers. Some bike enthusiasts, on the other hand, enjoy tinkering with and customising their bikes. It can be liberating and enjoyable to modify your bike. Bikers enjoy expressing themselves through their motorcycles, and customising their two-wheeler is one method to do it. There are three primary types of bike adaptations. Each of these sorts has had a different impact on bike insurance premiums. Continue reading to learn how these types of changes affect the premium.

  • Security Enhancement Modifications

These adjustments are the most effective approach to keep your bike safe from thieves. This entails installing security measures on your bikes, such as locks and alarms. The automobile research association of India (ARAI) normally certifies these gadgets. These anti-theft or security gadgets safeguard your bike from theft, limit the danger of damage, and lower your insurer's responsibility. As a result, having ARAI-approved security equipment installed on your bike lowers your bike insurance rate.

  • Modifications To Improve Bike Performance

The main goal of performance upgrades is to improve your bike's performance in terms of speed and handling by making it stronger and more potent. Installing speed-enhancing devices or fuel-efficient technologies in the bike is one of them. Increased speed and performance may increase the likelihood of being involved in an accident, therefore insurance companies view such upgrades as "risky." Hence, bike insurance providers will raise the price of the premium for such changes.

You may also like to read:- 5 Bikes/Scooters expected to launch in 2021 in India 

  • Modifications For Enhancing The Looks of Your Bike

Aesthetic changes are those that improve the visual attractiveness of your bike by giving it a more ornate appearance. These changes range from changing the colour of the bike to replacing a few motor parts. These changes might make your bike look sportier by adding fibre elements or changing the lighting to make it look more appealing. However, the more attractive your bike appears, the more criminals it attracts. Modifications to the bike's appearance also boost its market value. As a result, bike insurance companies may raise the premium amount for your bike insurance policy in the event of such modifications, not only because of the increased danger of theft but also because of the cost of the auto parts that are not factory-fit that a bike requires. 

While modifications may have different effects on your bike insurance premium, it's critical to notify your bike insurance provider of any alterations you've made to your bike. If you haven't told your insurance company about the modifications you've made to your bike, it's extremely probable that they will deny your claim. Therefore, make sure your insurance company is aware of any alterations you've made to your bike.

Also Read:- Is Two-Wheeler Insurance Compulsory For Electric Scooters? 

Take Away

Personalizing your bike according to your preferences has become an easy chore thanks to technological advancements. If you're going to modify your bike, be sure it's ARAI-approved and worth your money. It's smart to make educated decisions about your bike's modifications and how they affect your bike insurance 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.

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