Buy/Renew Comprehensive Bike Insurance Policy Online in India 2024

We know you love your bike and probably only bought it after quite a lot of thought, research, planning, budgeting, enquiries, and suggestions. You now have the bike of your dreams and want to safeguard both your bike and your pocket.

For that, get comprehensive insurance for bike with Digit and enjoy those thrilling road trips. We’ll guide you through everything you need to know about the right bike insurance and the required add-ons that’ll protect you at their best.

A comprehensive bike insurance policy is an insurance plan for two-wheelers that protects them in an accident against different kinds of damage, loss, and theft. 

Two-wheeler insurance comprehensive policy provides extensive coverage for all kinds of unforeseen events so that you can have a completely hassle-free drive. It is a combination of third-party liability and own-damage cover.

Digit also offers various add-ons along with the comprehensive bike insurance policy for enhanced protection.

A comprehensive bike insurance policy is way more effective than a third-party liability policy. Following are the benefits of getting a comprehensive bike insurance plan:

Wide Coverage

Comprehensive 2-wheeler insurance policy covers your vehicle against almost all types of damages – whether caused due to road accidents, manmade or natural disasters. It also covers losses due to theft and third-party liabilities.

Financial Security

Losses due to accidents, theft, and unfortunate events can be expensive. A comprehensive bike insurance policy acts as a financial shield, saving you a significant financial burden.

Add-on Covers Available

Comprehensive insurance plans allow you to buy additional benefits in the form of add-ons for enhanced protection.

Peace of Mind

Knowing you're comprehensively covered allows you to drive your two-wheeler with peace of mind as you'll be less worried about the financial burdens due to unforeseen events.

IDV is Insured Declared Value, it is the maximum amount your insurer will give you, in case your bike is stolen or damaged beyond repair. We know low premiums are luring but it will not give you maximum financial benefit.

Always check the IDV you are being offered and not just the premium. We suggest you choose higher IDV, you know why? In the case of the total loss of your bike, a higher IDV leads to higher reimbursements.

We let you customise your IDV as per your choice because we want you to make the right decision without any compromise.

Luxury Bike Owners

With a luxury bike that has a high market value comes the great responsibility of safeguarding it against all types of damage and mishaps. For this enhanced protection, luxury vehicle owners must get comprehensive insurance for two-wheelers, along with appropriate add-ons.

New Bike Owners

After already spending so much on your new bike, it only makes sense to protect it with the best insurance policy that offers wide coverage. This is why people with newly bought two-wheelers should get comprehensive bike insurance.

Bike Owners Who Drive Frequently

Those who use their two-wheeler regularly or often take the country down by road are exposed to a higher risk of accidents. So, they can benefit from enhanced protection offered by a comprehensive bike insurance policy.

Owners Possessive about Their Bikes

For riders who love their bikes more than anything, even a small scratch to it can hurt you! So, to protect your beloved vehicle, get comprehensive insurance for bike as it covers damage to your own bike as well!

Bike Owners Driving on Risky Routes

If you're new to driving two-wheelers or someone who commutes in heavy traffic areas or metro cities, you are at an increased risk of accidents! Therefore, make comprehensive insurance for two-wheelers your valuable safety net and get add-ons if required.

You can use our Bike Insurance Premium Calculator to easily calculate the estimate premium of comprehensive bike insurance, which is calculated based on:

• IDV: A higher IDV means more payout, so it leads to a higher premium.

• NCB: If you have a good driving history with no claims in the previous year, you get a discount (NCB) on the base premium.

• Add-on Covers: The add-ons you choose also determine your bike insurance premium.

• Modifications: Any modifications made to the two-wheeler can increase the premium as well.

• RTO Location: If you drive in high-traffic areas or locations with a higher accident rate will add to your premium.

The premium of comprehensive insurance for bikes depends on various factors, which include:

Two-wheeler’s Model/Make:

The model/make of your bike significantly impacts the comprehensive bike insurance premium. The premium increases for expensive bikes and those with larger, more powerful engines as they have higher repair costs.

Vehicle’s Age:

As your bike ages, the depreciation on its parts increases, implying that your bike loses value over time. This means the insured sum will be low, and you will need to pay less base premium.

Insured Declared Value (IDV):

IDV is your two-wheeler’s approximate market value, which directly impacts your comprehensive bike insurance premium. So, a higher IDV leads to a higher premium.

No Claim Bonus (NCB):

If you haven’t raised any claim in a policy year, you are rewarded with a discount on your insurance premium in the form of NCB. This means you will have a lower premium in the next policy year.

Type of Coverage:

This is an important factor determining your insurance premium. Since comprehensive insurance for bike covers third party liabilities and own damage to ensure enhanced protection, its premium is also higher than third-party bike insurance.

Add-on Covers:

Opting for bike insurance add-on covers available with comprehensive insurance for two-wheelers will increase your base premium amount.

Two-wheeler Modifications:

Any modifications made to your bike to enhance its performance or aesthetic will result in a higher insurance premium amount to cover the costs of these parts.

RTO Location:

If your two-wheeler is registered in a high-traffic or accident-prone area, you are liable to pay a higher premium due to the increased risk.

Here are some tips to help you reduce your comprehensive bike insurance premium.

Choose Your Insurance Coverage Wisely

Get comprehensive insurance for two-wheelers only if it feels necessary or if you want enhanced protection for your luxury bike, as it comes with an increased premium. However, if you only want to comply with the laws and want a more affordable insurance policy, consider third-party insurance.

Maintain a Good Driving Record

A clean driving record with no claims in the previous year can get you a discount on the next premium as No Claim Bonus (NCB). You could also consider increasing your voluntary deductible that will help in decreasing your bike insurance premium.

Buy Only Relevant Add-Ons

Add-ons provide an extra layer of protection to your bike, but they also increase your bike insurance premium. Therefore, only opt for bike insurance add-on covers that you truly need.

Set Realistic IDV

Never overestimate your bike's IDV and aim for an IDV that truly aligns with your bike's current market value. This is because a higher IDV means a higher premium for you.

Talk to Your Insurer

Depending on your insurance company and your risk profile, you can always talk it out with them and ask for some negotiation on the premium!