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| December 26, 2022

How to Buy Two-Wheeler Insurance Online?

Owning a vehicle is a proud milestone for most families. It symbolizes a sense of accomplishment, prosperity, and freedom. In India, driving a motor vehicle without a valid insurance policy is a punishable offense. Without one, you face the risk of paying a hefty fine. If you are a bike owner, your bike should be protected from potential damages in the future. Damages can occur due to road accidents, theft of the bike, or a natural calamity. Repairing these damages can put a financial burden on you. In such cases, purchasing the best-suited bike insurance is important. A 2-wheeler insurance company helps cover the repair costs in case of damages and a part of the vehicle cost in case of theft. Most two-wheeler insurance providers cover all types of two-wheelers such as motorcycles, scooters, scooty, and mopeds. Buying the best bike insurance is no longer cumbersome; you can easily apply and get it issued within minutes online.

Types of Two-Wheeler Insurance Policies

Based on the type of coverage provided, the best bike insurance companies provide the following type of insurance solutions:

Depending on your requirements, you can choose the bike insurance plan that suits you the best. Two-wheeler insurance renewal can also be done online.

How to Buy Two-Wheeler Insurance Online?

Before deciding on buying insurance for your two-wheeler online, make sure to compare the best bike insurance plans offered by various insurers. The best two-wheeler insurance companies facilitate the online purchase of bike insurance directly from their website. Alternatively, you can use integrated platforms that enable you to compare and select the best insurance policy from different insurers in one place. The basic steps of the buying process remain the same.

Here’s how to do it:

What’s Not Included in a Two-Wheeler Insurance Policy?

To save yourself from nasty surprises when you make a claim, you should be aware of the exclusions in a bike insurance policy:

  • Third-Party Policy: Third-party bike insurance covers you for all third-party liabilities (property damage, bodily injuries, and death) in any accident involving the insured's two-wheeler, capped at Rs 1 lakh. This type of insurance is also known as a Liability Only insurance policy. However, a court of law determines the amount of compensation in cases of third-party bodily injury/death. It is mandated by law to at least have a Third-Party Insurance cover for your two-wheeler.

  • Comprehensive Policy: This type of bike insurance policy provides wide coverage against theft, fire, and natural or artificial disasters. You can use the cashless repair option provided by the top insurance companies at empanelled repair garages.

  • Standalone Own Damage Cover: This bike insurance is also called a Self-Damage policy. This policy covers any damage you cause to your bike by accident and doesn’t involve a third party involved in the accident.

    • Step 1: Log in to the insurer’s website or mobile application.

    • Step 2: Register yourself by setting up login credentials if you are visiting for the first time. Or, log in with your username and password.

    • Step 3: Go to the two-wheeler insurance page.

    • Step 4: Enter your Two-Wheeler's Make, Model, Variant, Registration Date & the city you ride in. Press ‘Get Quote’ and choose the two-wheeler insurance plan of your choice.

    • Step 5: Choose between a Third-Party Liability Only Two-Wheeler Insurance or a Standard Package/Comprehensive Two-Wheeler Insurance.

    • Step 6: You will get the premium quotation. You can customize the plan by selecting add-ons, like a Zero Depreciation Cover, Tyre Protect Cover, and Breakdown Assistance amongst others.

    • Step 7: Complete the payment process and your policy will be emailed to you.

    • Loss from mechanical/electrical breakdowns.
    • Any damage to the tyres and tubes in the normal course of running.
    • Damage was caused due to normal wear and tear of the vehicle.
    • Any loss occurred while the bike was being used beyond the scope of coverage. Any consequential loss from regular use.
    • Any damage caused due to the driver who is driving under the influence of drugs or alcohol.
    • Any loss incurred due to war or mutiny or nuclear risk.
    • Loss/damage incurred when the bike was being driven by a person without a valid driving license.

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