Compare Bike Insurance Online

Let's see what are all the factors that you should consider while comparing your two-wheeler inusrance online!

• Policy Coverage - Choose between Third Party and Comprehensive. Third Party is mandatory in India and covers damage to a person or property, and its premium depends on engine capacity as set by IRDAI. Comprehensive covers Own Damage plus Third Party liability, so compare plans for better coverage at a reasonable premium.
• IDV - The insured declared value in bike insurance is the current market value of your bike minus depreciation. Check if the insurer allows IDV customization to increase or decrease the premium. If you are not careful, the IDV may be reduced to show a lower price.
• Premium - Compare quotes from multiple insurers and aim for the highest coverage at a low premium. The lowest price is not always the best choice. Read and understand the terms thoroughly before deciding.
• Add-Ons - Add-ons come with a comprehensive policy at an extra cost to expand coverage. Check which insurer offers add-ons that fit your needs and budget, such as Engine and Gearbox Protection, Zero Depreciation, or Return to Invoice. Buy only what you need; otherwise, the premium increases unnecessarily.
• Claim Process - Ensure the claim process is simple and fast, and prefer online paperless steps. Check whether claims are settled on time. Understand the claim settlement ratio which is claims settled divided by claims received, as a higher ratio is generally more reliable.
• Support - Customer service availability is crucial after you have paid the premium. Some insurers may become complacent, so choose one known for responsive support. Good assistance matters when you actually need help.
• Policy Term - A longer policy term can lower the overall premium. Make the most of available discounts and consider a longer tenure if you plan to keep the bike. This can be more economical than a 1-year policy.
• Network Garages - A widespread network of authorized garages enables you to avail cashless bike insurance facilities in case such a need arises. Check for partner garages near your location to safeguard your two-wheeler in the long run.
• Reviews - Check online reviews from existing customers before buying. Google reviews and Facebook ratings provide real feedback. This makes your decision making easier and more refined.
• Exclusions - Look beyond what is highlighted as covered and review what is not included. Knowing exclusions upfront prevents surprises. You do not want to discover a needed benefit is not covered at claim time.
• Deductibles - Understand compulsory and voluntary deductibles which are the amounts deducted from your claim. Higher deductibles lower the premium and lower deductibles increase it. Choose a level you are comfortable paying during a claim.