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How To Get Bike Insurance For An Old Bike?

Updated On Nov 16, 2022

How To Get Bike Insurance For An Old Bike?

No matter how much we progress, we continue to harbour certain remnants of the past. Some priceless goods make an indelible imprint on our minds and hearts and never move from them. You'll always feel the same way about your very first bike. You might not ride your old bike anymore because of your age or a change in your lifestyle, but you would never want to get pennies for it.

Even if it is outdated, you can still get bike insurance since you may need it in the future. Furthermore, in a time when insurance is widely accessible, let's avoid encouraging unwarranted anxiety. To know more about bike insurance policies for old bikes, read on.

How To Get Bike Insurance For An Old Bike?

What Exactly Is Old Bike Insurance?

Let's face it, an ancient two-wheeler cannot be safe to ride unless it is given the necessary maintenance. You may consider a bike to be really ancient if it has been around for more than ten years. Although the two-wheeler depreciation begins the moment you buy it.

Old bike insurance is the process of purchasing coverage for an older motorcycle whose value has declined. You can pick between a Comprehensive Bike Insurance and a Third-Party Bike Insurance for your insurance.

What Are The Things One Should Look For When Purchasing Old Bike Insurance?

You're searching for the greatest mobile phone right now. You'll be on the lookout for characteristics like the most recent technology, storage space, camera quality, and others that are comparable. Imagine that you want your old laptop to perform like it is brand-new. What will you do then? You will get the most recent operating system put in it to increase its capacity and improve its performance.

Following are some things that an individual should look for when purchasing old bike insurance -

  1. Coverage - In the market, there are several insurance providers. Prior to learning further, you should choose the cover you desire. The online facility has made insurance more convenient. Comparing prices and deals is useful. When you have the globe to explore, pick the best.
  2. IDV - It's important to constantly be aware of your bike's IDV for the current insurance year. Also, be aware of the insurance price you pay.
  3. Policy Requirements - You should read the terms of the insurance company's policy after choosing one. There can be a clause somewhere that you don't understand until later, like deductibles.

What Are Some Things That One Needs To Remember While Getting A Bike Insurance?

Following are some things that an individual needs to remember while getting a bike insurance -

  1. The bike's functionality - You may have an old bike, but only you can determine how much it has been used and what use it serves. The bike's worth decreases with each year that goes by. To choose the sort of cover to purchase, consider the usefulness and compare it with the IDV. You should be aware of the advantages of purchasing Comprehensive Insurance since Third-Party Liability insurance is required in every situation.
  2. Get a comparison - Purchases of bike insurance coverage can be made offline or online through insurance company agents. Compare the items first, then read the language to comprehend the terms and conditions given. It will be a smart move to make this decision before purchasing insurance coverage.
  3. Depreciation - Therefore, decide or know what the depreciation relevant to the value is before purchasing the coverage for your old bike. In the event of an accident, the compensation will be based on the vehicle's relevant depreciation. The proportion of depreciation grows as the bike's age rises, which indicates it becomes older.


Even while acquiring insurance for an antique two-wheeler is not impossible, the process is nonetheless onerous and drawn out. If you follow the proper procedures, the journey will be rather easy.

Also Read: Do You Need Insurance For Dirt Bike?


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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