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Top 5 Two-Wheeler Insurance Companies in India

Updated On Jul 26, 2021

Looking to purchase insurance for your two-wheeler? This article may help you narrow down on your insurance provider.

Purchased a new two-wheeler and wondering which insurance company is best suited to your needs? Look no further, in this article we will tell you in detail about the two-wheeler insurance companies who have ranked as some of the best in India. Understanding the type of two-wheeler insurance policies they offer will help you make an informed choice.

Top 5 Two-Wheeler Insurance Companies in India

Top 5 Two-Wheeler Insurance Companies in India

Following are the top 5 Two-Wheeler Insurance Companies in India based on the claim settlement ratio registered by them in FY 2019- 2020.

Two-Wheeler Insurance Provider

Two-Wheeler Insurance Provider’s Claim Settlement Ratio

Two-Wheeler Insurance Provider’s Network Garages

IFFCO Tokio General Insurance


More than 4300

Royal Sundaram General Insurance


More than 4600

The Oriental Insurance Company


More than 3100

HDFC ERGO General Insurance


More than 6800

Universal Sompo General Insurance


More than 3500


  • IFFCO Tokio Two-Wheeler Insurance

Among the range of general insurance products the IFFCO Tokio offers, it also provides two-wheeler insurance plans. IFFCO Tokio offers five types of insurance plans for two-wheelers including their annual third-party liability policy, annual comprehensive two-wheeler insurance policy, long term comprehensive two-wheeler insurance plans and bundled policy. Moreover, they offer a variety of add-on covers to choose from that can be purchased either with an own damage cover or a comprehensive plan. If you are looking to purchase or renew your insurance from IFFCO Tokio the entire process can be done online within a few minutes.They offer NCB for claim-free years and have tie ups with more than 4300 garages across the country. If you are looking to make a purchase offline that is also possible. Either by contacting a branch of the company or by going through an IFFCO Tokio agent.

  • Royal Sundaram Two-Wheeler Insurance

Royal Sundaram General Insurance is one of the most trusted insurance providers of India. Along with their outstanding reputation for reliability they are also well known for their efficient customer service. If you choose Royal SUndaram for your two-wheeler insurance you can rest assured that at the time of mishap the insurance company will not give you any reason to feel hassled. Moreover, they offer third party insurance, standalone own damage covers and comprehensive plans both annual and long term. The insurance company also offers its customers with no claim bonus protection and protection from inflation. Their online services are also efficient and reliable and will ensure that you have a trouble free experience. Lastly, Royal Sundaram has tie ups with more than 4600 garages across the country. Hence, in case of a mishap finding a network garage will never be a problem.

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  • Oriental Two-Wheeler Insurance

Oriental Insurance plans for two-wheelers offer several plans that can be customized to fit your every need. They offer insurance policies on an annual basis but also for shorter durations. Oriental insurance offers purchase, renewal online. They also offer migration of two-wheeler insurance plans. Oriental also offers a free benefit of EMergency Service through TVS all without any extra premium. There are also several add-on covers that can be purchased along with the comprehensive plans and own-damage covers. The company offers competitive premium prices and several discounts that the customer can make the best of. Lastly, there are also voluntary deductibles with a single or multiple plans.

  • HDFC ERGO Two-Wheeler Insurance

HDFC ERGO offers several different types of two-wheeler insurance covers that include third party insurance, standalone own damage covers and comprehensive insurance plans. They can be purchased either as annual or long term plans. HDFC ERGO also offers premium discounts of up to 70% on two-wheeler insurance policies. The company is well known and reputable for their past achievements in the field of insurance. You can purchase the HDFC ERGO two-wheeler insurance online within a few minutes and little paperwork. Lastly, HDFC ERGO has more than 6800 network garages. Hence, in case of a mishap you will have no issue finding a network garage no matter where you are in the country.

  • Universal Sompo Two-Wheeler Insurance

Universal Sompo offers instant and hassle free policy purchase and renewal online. Moreover, they are known for their quick and efficient claim settlement procedure. They offer both short and long term policies for third party, own-damage and comprehensive insurance. Moreover, with the comprehensive and own-damage insurance you can purchase add-on covers to further improve its coverage. Universal Sompo offers several to choose from including the zero depreciation cover and the return to invoice cover. Lastly, the company offers its customers many attractive discounts on the premium, NCB for claim free years and boasts more than 3500 network garages across the country.

Also Read:

Why is bike insurance mandatory in India?    


In a nutshell, the above-mentioned insurance providers are well known for their two-wheeler insurance policies. When you purchase your insurance make sure to do it online and make the most of it by comparing the different quotes offered, the insurance companies and their network of cashless garages. The above-mentioned two-wheeler insurance providers have ranked the highest based on their claim settlement ratio for the year 2021 and would be a good choice for any person looking to purchase 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.

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