Cheap Bike Insurance

Comprehensive Car Insurance: Protect Your Investment

Why Is It Important To Compare Bike Insurance Online?

The digital space offers unequalled variety and information when it comes to two-wheeler insurance, making comparison not only effortless but also unavoidable. Online comparison of bike insurance arms you with the needed insight to make informed decisions; rest assured of getting a policy that perfectly fits your needs and budget.

• Accessibility of Information :

  Online platforms aggregate vast amounts of information in one place. You can access details about various insurance providers, their coverage options, premium costs, and customer reviews without needing to visit or make numerous phone calls physically.

• Tailored Choices :

  You can quickly receive tailored insurance quotes by entering specific details about your bike and insurance needs. This customisation helps filter out costly policies that don't meet your requirements.

• Cost-Effective Decisions :

  The competitive nature of online insurance markets means insurers offer attractive prices to outdo their rivals. This competition can lead to better deals, including lower premiums and more comprehensive coverage options. If you’re looking for the cheapest two-wheeler insurance in India, online comparisons can help you find it.

• Transparency and Comparison :

  Online comparisons clearly outline each policy's terms and conditions. This transparency lets you compare the features and costs side by side, minimising the risk of hidden charges and ensuring you understand exactly what you're paying for.

• Real-Time Updates and Offers :

  Insurers often offer special discounts and readily updated offers on online platforms. Comparing these offers in real-time ensures that you get the most cost-effective and relevant insurance coverage available at the time of your purchase.

By comparing bike insurance online, you harness the power of information, ensuring you make a choice that offers you the highest value for your investment in bike protection.

Coverage you get with our two wheeler insurance policy

Some of our best moments in life are those when we take risks in our stride. With Bajaj Allianz Two Wheeler Insurance, you can do so knowing that we’ve got your back. Here’s how we help you get the most out of your two wheeler cover:

Losses or Damages Suffered Due to Natural Calamities

Nature's wrath knows no bounds. While it's not possible to control nature's fury, it's definitely possible to remain financially cushioned and minimise the losses suffered.

Our Two Wheeler Insurance Policy gives offers you protection against losses suffered due to natural calamities such as fire, explosion, self-ignition or lightning, earthquake, flood, typhoon, hurricane, storm, tempest, inundation, cyclone, hailstorm, frost, landslide and rockslide.

Losses or Damages Suffered Due to Man Made Calamities

In a split second, a two wheeler accident can alter the course of your life. Just like natural disasters, it’s difficult to predict the ones that involve other vehicles. Our Two Wheeler Insurance Policy gives you and your bike a financial cushion against losses suffered due to manmade calamities such as burglary, theft, riot, strikes, accidents or any terrorist activity.

Additionally, we also provide coverage against losses or damage suffered in transit through rail, road, inland waterways, elevators or air.

Third-Party Liability

Unfortunately, mishaps involving your bike aren’t just restricted to personal injury loss or damage. Any damages suffered by a third-party can be equally draining on your finances.

Our Bike Insurance Policy covers third-party liability arising due to damage, death or bodily harm caused to another person or his/her property. Also, it’s mandatory to have third party cover as per the Motor Vehicles Act, 1988.

Personal Accident

An accident can leave a trail of bills and stress in its wake. With our Two Wheeler Insurance Plan, you get a personal accident cover of Rs 1 lakh, covering you for accidents suffered while driving, mounting or dismounting.

To offer coverage to the pillion rider, you can also add a personal accident cover for co-passengers to your policy.

What you get with our two wheeler insurance policy?

What’s in it for me, you ask? Well, for starters our Two Wheeler Insurance Policy gives your bike a comprehensive cover at cost-effective premium.

At Bajaj Allianz, we define Cheap Bike Insurance as one that combines affordability with robust protection. We believe that one should not come at the cost of the other. When you avail our Two Wheeler Insurance Policy, you get:

• 24X7 Claims Assistance

  Since accidents are not predictable, we’re available round the clock to assist you should disaster strike. As your insurer, we aim to deliver when it matters. Our 24x7 call claims support team is geared to assist you at any hour, day and night.

  All you need to do is dial our Toll-free number 1800-209-5858 and we will guide you through the claims process. Whatever your query - from buying a new policy to settling a claim- we keep pace with your needs. You also get instant updates on the status of your claims through SMS.

• 50% Transfer of No Claims Bonus (NCB)

  We believe that you should keep what you earn. When it comes to NCB, on choosing Bajaj Allianz to serve your bike insurance needs, you can transfer up to 50% of the existing NCB.

  This flexibility let’s you take advantage of the best car insurance products that may become available in the market. At Bajaj Allianz, customer empowerment is at the core of how we do business.

• Quick Claim Settlement

  After an accident, the pace of claim settlement determines how quickly your bike can get back on the road again. That is where we get into the act. Our quick and seamless claim settlement process ensures that after the rude shock of an accident, you can get going as fast as possible.

  Also, keeping pace with the trend of going cashless, our tie-up with network garages across India ensures speedy and cashless claim settlement. You can either make a claim online or dial our Toll-free number to register your claim.

• Hassle-free Renewal Process

  It’s like coming back for seconds after enjoying the first round of dessert; without having to stand in the buffet queue again! Our hassle-free renewal process ensures that you and your bike never remain uninsured.

  All you need to do is to log onto our website, fill up the required details for renewal and you are done! You can renew your policy with us from any part of the world effortlessly

Hacks to reduce your two wheeler insurance premium rates

You may have given up trying your hand at the lottery, but for two wheeler insurance, we’ve got some insider tips that will help you get first place every time! Want to know more? Read on.

• Research and Compare

  Like to drive a good bargain? With a bit of research, you can not only get the best insurance for your needs, but also be seen as an expert by your friends and colleagues. Doing your homework has its advantages considering the time and money that you end up saving.

  Finding a plan that is the best fit for your needs involves trying on different ones for size, quite like buying a new wardrobe. Make a list of the top 3 features that you’re looking for. Next, look for any discounts, waivers or add-ons that might make your two wheeler insurance cover more comprehensive.

  A bit of analysis can help you find your ideal two wheeler insurance with the precision of a guided missile! All you need to do is to fill up the relevant details and quotes from multiple insurers are available instantly. Target acquired, prepare to launch!

• Get the Right Cover

  Love cross country bike trips? You probably have an insatiable need for speed and a nifty superbike in your stable. From a bike insurance point of view, a high end model can add a few thousand rupees to your insurance premium. Tip the scales in your favour by choosing the right cover.

  On the other hand, a model on the lower end of the range can lower the insurance premium to some extent. A cost benefit analysis can help you get the right cover for your metallic steed.

• Choose a Deductible You are Comfortable With

  While you may have many priorities competing for their share of your wallet, two wheeler insurance deductibles offer some unique advantages. Deductible refers to the amount that you need to pay from own pocket before the policy benefits kick in.

  A high deductible may lower your insurance premium but may result in significant out-of-pocket expenses that you might have to bear in case your bike meets with a mishap. Hence, choose a deductible that you are comfortable paying.

• Preserve NCB

  Do you visit a medical professional every time you fall ill? Certainly not. Similarly, for minor repairs, it’s not wise to raise a claim as this will result in losing out on NCB. For example, if your headlight is broken, makes sense to get it repaired from the local mechanic to ensure your NCB is kept intact.

  Preserving the NCB comes handy when it’s time for renewal. It can lower your premium amount by several notches. What’s more? It can add some extra perks to your health insurance policy at no extra cost. So, look before you take the leap in terms of claiming insurance.

• Accessorize with Care

  Make a style statement with custom bike accessories and fits. It can, however, also see your bike insurance premiums go up. Why else but because the cost of repairs of custom fits will likely be higher than standard two wheelers.

  In other words, you’re exposed to a greater amount of risk which consequently pushes up the premium amount.  Our advice is: Accessorize with care! 

  In some cases, your claim may be rejected if you make modifications to your bike and don’t intimate the insurer about the same.

• Hone Your Riding Skills

  Road safety has become a pressing issue with the number of vehicles increasing steadily. With changing times, it’s essential that you hone your riding skills to ensure your on-road safety.

  This has multiple benefits. It will help prevent accidents, preserve your NCB and also help avoid any damages suffered by a third-party. You can seek the help of a professional trainer or join a riding club.

• Discard Add-ons you don’t need

  Your premiums could be inflated by add on covers that you no longer need. Assess your coverage to ensure that you have adequate protection and discard the rest.

  For instance, while it’s prudent to take engine cover and zero depreciation cover, cover for accessories might not be that important. This cover might push up the premium amount unnecessarily. Therefore, make sure to opt for add-ons that add value to your insurance policy.

Essential factors to consider while choosing cheap bike insurance

Cheap bike insurance is a game that requires you to play smart. Based on your current and anticipated insurance needs, making a trade-off between the essential and good to have factors is a match winner.

Here’s how you can choose bike insurance that is effective and does not break the bank.

• Coverage Amount

  When you go out for a vacation, don’t you carry some extra cash with you, in case needed? Similarly, while choosing two wheeler insurance, make sure to opt for a coverage amount that minimises your out-of-pocket expenses in case of a mishap.

  A little extra coverage isn’t bad at all.

• Add-ons Available

  Add-ons fortify your bike insurance and give you comprehensive coverage. While scouting for different bike insurance covers, compare the add-ons available and how they affect the cost of your bike insurance. Choose the relevant add-on covers wisely to give yourself and your bike 360-degree protection.

• Claim Settlement Ratio

  Don’t take claims at face value! When it comes to choosing Cheap Bike Insurance, the rate of claim settlement is certainly a key factor to consider. Research the various insurance plans available in the market and evaluate claim ratios carefully to make the right choice.

  Claim settlement ratio is the number of claims settled by the insurer as against claims received. Needless to say, the higher the ratio, the better it is for you.

Why to avoid a cheap bike insurance?

To all appearances, saving money on buying a bike insurance cover makes imminent sense, but when you need it to deliver you may find that it falls short of your expectations. The cheapest bike insurance plans can often sorely disappoint you!

The rigours of researching bike insurance - reading multiple reviews online, visiting showrooms, checking specifications – may lead to you discovering that perfect solution, except if you look at it solely through the lens of the lowest price. Here’s why.

• Insufficient Coverage

  When you look for tempered glass to protect the screen of your mobile phone, do you buy a glass that fails to cover the edges? No, because even a minor damage to the phone’s edge is enough to disfigure it and affect its performance.

  Similarly, Cheap Bike Insurance may fail to provide adequate coverage resulting in you having to shell out money from your own pocket. When it comes to something as crucial as two wheeler insurance, it’s vital to opt for a policy that provides adequate coverage.

• Lack of Add-on Covers

  They say hindsight is always 20/20. While navigating through busy traffic, your rear view mirror lets you watch out for objects that may be too close for comfort. When it comes to 2W insurance not all your products may meet your needs.

  Add-ons fill the gaps in coverage and make it future proof. In other words, they supplement your coverage and come in handy when you need road side assistance or guard against depreciation.

  Although, these add-ons may add to the cost of your bike insurance plan, you’ll be spared a bout of helplessness when they pay off in an emergency.

• Substandard Customer Service

  All things being equal, it is the quality of customer service that separates the good from the average. While a cheap bike insurance cover can save you some money, you may not get all your questions answered in the prompt and efficient manner that you expected.

  When it’s something as crucial as claim settlement, 24X7 claim support and world class customer service are worth paying more for.

Steps To Compare Two Wheeler Insurance Policies Online

Comparing two-wheeler insurance policies online is easy, but knowing the proper steps will help you get the best deal possible. Here's how to compare different two-wheeler insurance policies online effectively.

• Select a Comparison Website :

  Choose a reliable online comparison platform that aggregates data from multiple insurers. This will be your one-stop shop for viewing and comparing different policies.

• Enter Your Bike Details :

  Input details about your bike, such as make, model, year of manufacture, and other required information. These details will help you find the most appropriate insurance options for your specific two-wheeler.

• Specify Your Insurance Needs :

  Whether you're looking for third-party liability or comprehensive coverage, specifying your needs helps narrow the options to the best-suited policies.

• Check Coverage Details :

  Once you have a list, examine each policy's coverage. Look for what’s included in the cover, such as accident coverage, theft, natural disasters, and third-party liabilities.

• Compare Premiums :

  Premium amounts can vary significantly between policies. Compare these costs against the coverage provided to determine which offers more value for the price.

• Customer Reviews :

  Customer testimonials and reviews can provide insights into the insurer’s customer service, claim settlement ratio, and overall satisfaction. This can be a crucial factor in your decision-making process.

• Check for Discounts and Offers :

  Finally, look for additional discounts, no-claim bonuses, and other offers to reduce your premium costs further.

By following these steps, you can ensure that you choose a two-wheeler insurance policy that offers the best coverage at the most affordable price and is tailored to your specific needs.

Things To Remember While Comparing Two Wheeler Insurance

Comparing online two-wheeler insurance policies is like finding your way through a maze of options and information. Some key factors will help you compare and find the right policy.

• Understand the Types of Coverage :

  Know the difference between third-party liability insurance and comprehensive insurance. Your choice should depend on your riding frequency, the bike’s age, and individual risk preference.

• Consider the Insurer’s Reputation :

  Research the insurer’s market reputation, especially regarding customer service and the claim settlement ratio. A higher claim settlement ratio indicates a reliable insurer in times of need.

• Inclusions and Exclusions :

  Carefully read the inclusions and exclusions of each policy. Understanding what is not covered is as important as knowing what is covered to avoid surprises during claim settlement.

• Policy Terms and Conditions :

  Pay attention to the policy’s terms and conditions, including the fine print. Look for terms related to policy renewal, cancellation, and refund policies.

• Check IDV :

  Insured Declared Value (IDV) is crucial in determining the compensation amount you receive in case of theft or total loss. Ensure the IDV is closest to your bike’s market value.

• Look for Add-Ons :

  Evaluate which add-ons, such as zero depreciation cover and roadside assistance, might benefit you. While these may increase the premium, they provide specific protections that might be valuable.

By remembering these points, you can ensure that your chosen policy fits your budget and provides adequate protection tailored to your riding habits and risks.

How To Calculate Two-Wheeler Insurance Premium?

Calculating the premium for two-wheeler insurance involves several factors that impact the final cost. Understanding these can help you estimate your insurance premium accurately.

• Bike’s Value :

  Your bike's IDV (Insured Declared Value) determines the premium. Higher IDV leads to a higher premium.

• Type of Coverage :

  Third-party liability insurance premiums are generally lower than comprehensive insurance, which offers extensive coverage, including theft, damage, and third-party liability.

• Make and Model :

  The type of bike you own affects the premium. High-performance bikes or luxury motorcycles typically attract higher premiums due to their higher replacement costs.

• Age of the Bike :

  Older bikes might attract lower IDV premiums, but they might have higher premiums if they are considered more at risk for breakdowns.

• Rider’s Profile :

  Factors such as the rider’s age, riding history, and geographic location can influence premium costs. Young riders might face higher premiums due to the perceived risk of inexperience.

• No Claim Bonus (NCB) :

  If you have a history of no claims, insurers often offer a No Claim Bonus, which can significantly reduce your premium.

Considering these factors, you can get a fair estimate of your two-wheeler insurance premium, helping you budget effectively for this essential protection.

How To Save On Bike Insurance Premium?

Saving on bike insurance doesn’t necessarily mean opting for the cheapest policy. Instead, it’s about finding the best value for your specific needs while minimising costs where possible. Here’s how you can save on bike insurance premiums without compromising on coverage.

• Compare Policies :

  Use online comparison tools to compare different policies. This will help you identify the most cost-effective policy that meets your coverage needs.

• Choose the Right Coverage :

  Choose coverage that matches your usage pattern. If you ride less frequently, you might not need an extensive policy.

• No Claim Bonus (NCB) :

  Preserve your No Claim Bonus by avoiding small claims. NCB can reduce your premium significantly over the years.

• Choose Plans with Higher Deductibles :

  Choosing a plan with a higher deductible can reduce your premium. This means you agree to pay more out of pocket in case of a claim, reducing the insurer's liability.

• Install Anti-Theft Devices :

  Installing approved anti-theft devices in your bike can attract discounts on your premium as it reduces the risk associated with the bike.

• Renew Policy Timely :

  Ensure timely bike insurance renewal to avoid the higher premiums associated with buying a new policy after a lapse.

Implementing these strategies can reduce your bike insurance premium while ensuring robust coverage for your two-wheeler.

How To Select The Best Two Wheeler Insurance Plan?

Selecting the best two-wheeler insurance plan requires careful consideration of several factors to ensure you get the most appropriate coverage. Here’s what to consider when choosing a two-wheeler insurance plan.

• Assess Your Needs :

  Understand your specific needs based on how often you use your bike, the bike model, and your driving habits to determine the type of coverage you need.

• Compare Policies :

  Use online tools to compare insurance policies on coverage options, premium costs, and exclusions to find the best match for your needs.

• Check Insurer’s Reputation :

  Consider the insurer’s reputation in the market, especially regarding customer service and claim settlement. Bajaj Allianz General Insurance Company is known for its reliable services and can be a great option.

• Understand the Fine Print :

  Read the policy terms and conditions thoroughly to understand coverage limits, what’s included and excluded, and the process for claims and renewals.

• Add-Ons :

  Depending on your usage, consider relevant add-ons such as zero depreciation, roadside assistance, or engine protection. These add-ons enhance your coverage but will increase your premium.

• Evaluate Customer Support :

  Customer support is crucial, especially when filing a claim. Check if the insurer offers 24/7 support and reviews their service quality positively.

Following these guidelines, you can choose a two-wheeler insurance plan that offers comprehensive coverage tailored to your needs, ensuring peace of mind while riding.

Looking to buy a cheap bike insurance? It’s time to apply brakes

The word 'cheap' has long been known to attract the eyeballs of discerning buyers who like a good bargain. It's only human to want more for less and for those of us that swear by retail therapy, the euphoria it brings is unrivalled.

A word of caution though! While there’s nothing wrong in buying things that are inexpensive, when it comes to something as important as bike insurance , the cheapest Two Wheeler Insurance plans can turn out to be really expensive.

Cheap Bike Insurance may be light on your pocket upfront but may fail to give adequate coverage. So, if you are scouting for the cheapest Two Wheeler Insurance plan with your eyes trained on the one with the lowest premium, you need to apply the brakes before it’s too late!

Show less

What You Get From A Two-Wheeler Insurance Policy?

A two-wheeler insurance policy offers more than just financial protection; it provides peace of mind and ensures compliance with legal requirements. Here’s what you typically get from a robust two-wheeler insurance policy.

• Legal Compliance :

  It fulfils your legal obligation to have at least third-party liability insurance, which is mandatory under the Indian Motor Vehicles Act.

• Financial Protection :

  This policy covers the costs associated with damage to your vehicle caused by accidents, theft, or natural disasters and provides for third-party liabilities.

• Personal Accident Cover :

  Most policies offer personal accident cover for the rider, which can be crucial in providing financial support in case of injuries resulting from an accident.

• Add-On Covers :

  To enhance your insurance coverage, you can customise your policy with add-ons like a return to invoice, zero depreciation cover, roadside assistance, and more.

• No Claim Bonus :

  If you make no claims during the policy period, you can take advantage of a No-Claim Bonus, which can reduce your premium on renewals.

• Cashless Garage Network :

  Access to a vast network of garages that offer cashless repairs can save you from out-of-pocket expenses during repairs.

By understanding what a two-wheeler insurance policy includes, you can make informed decisions about the coverage you need and ensure your well-being.