Whether you are driving through city traffic on a scooter or roaring down the highway on a superbike, you don’t want anything to come between you and your machine. Two wheelers are one of the most convenient modes of travel in India, especially for daily commutes and weekend excursions. Thus, the need for a two wheeler insurance is not only a smart decision to make, but it’s also mandatory as per the law. 

But with a host of choices to choose from, searching for the right policy can be tough. The blog below will help you make the right decision considering your unique needs and requirements.

Understanding the Basics: Why You Need Bike Insurance?

There are multiple benefits of two wheeler insurance. Firstly, it offers financial protection in case of an accident, theft, or natural disaster. Secondly, it allows you to fulfil your legal obligation as per the Motor Vehicle Act of 1988. As per law, you must at least have a third-party liability policy. Not having insurance is a violation that could potentially lead to tens of thousands of rupees in fines.

Insurance also includes a Personal Accident (PA) cover, thus providing financial security to the rider/owner in case of an accident involving the vehicle. It’s a safety net for you and your family.

Types of Two Wheeler Insurance Policies

Understanding the types of two wheeler insurance available can help you pick the best policy for your ride:

Third-party Bike Insurance Policy: This is the most basic form of insurance and covers only third-party liabilities—damage to another person’s vehicle, property, or injury/death of a third party. It’s legally required, but doesn’t cover damage to your own vehicle.

Standalone Own Damage (OD) Policy: If you already have a third-party policy, this standalone cover can be purchased to insure your own bike against accidents, theft, or natural calamities.

Comprehensive Bike Insurance Policy: This is the most complete package. It covers both third-party liabilities and your own vehicle’s damage. You can also add several add-ons to customise your coverage.

Key Features to Look For When Buying Bike Insurance

When comparing insurance policies, you must look out for the following key features:

  • Third-party Liability: All types cover it, and it’s crucial for obeying the law.
  • Two wheels BUO: As a feature of Comprehensive policies or as individual extensions.
  • Up to 50% off insurance premiums can be gained if you do not file any claim for five years.
  • Most policies pair Personal Accident Cover, which is required for the owner-driver as part of the package.
  • For easier and faster claim settlement, choose policies from insurers that allow online, paperless, and cashless payouts.
  • The insurer should have a variety of garages that help pay for your repairs without hassle.
  • High Claim Settlement Ratio (CSR): This indicates the insurer’s efficiency and reliability in settling claims.
  • Instant Policy Renewal: Don’t let your coverage lapse—look for insurers offering instant and paperless renewal options.

Why Buying Two Wheeler Insurance Online Makes Sense?

Insurance buying and renewal has become much easier thanks to the digital age. These are the main reasons why online shopping is a good idea.

  • You can get your policy or renew it 24 hours a day, any day of the year.
  • There aren’t any lines, they won’t make you fill out forms, and it just takes seconds to do anything.
  • On the web, you can look over and compare several plans and add-ons to help you choose better.
  • It’s easy to remember, you’ll get alerts, and you can renew right away with no issues.

Tailoring Your Policy with Add-Ons

Your insurance can be customised to suit your riding style and lifestyle. Some popular add-ons include:

  • Zero Depreciation Cover: Ensures full claim amount without factoring in depreciation on bike parts.
  • Roadside Assistance: Handy for unexpected breakdowns or flat tires, especially on long rides.
  • Key Loss Cover: Covers the cost of replacing lost or stolen bike keys.
  • Engine Protection: Essential for high-end bikes where engine repair costs are significant.

With these options, you might pay a little more each month, but they are certainly useful and help you feel safer, which is worth the money if you own a superbike or ride your bike often on the open road.

Coverage for Every Type of Ride

Owners of scooters, commuter bikes, and superbikes can also purchase insurance for each type. The number of premiums you pay may depend on the car you drive, its age, its power, and where it is registered. The main reason for protection has not changed.

Final Thoughts

Choosing the right two wheeler insurance isn’t just about ticking a box for compliance, it’s about safeguarding your ride, your finances, and your peace of mind.

Today’s two wheeler insurance offers cashless claims, a high claims service rating, benefits from NCB, and the option to add extras, making it suitable for riders.

If you travel by bike every day or only a few times in a year, be sure to get your renewal sorted ahead of the expiry. Pick a plan that is suitable for you, make sure it’s always current, and drive with confidence as you’re covered.