New Bike Insurance

Finally got that two-wheeler? We’re happy for you! But as an expert, we would like you to also think about its protection; and it's very simple - you can protect it by simply getting it insured and we’re here to guide you through just that.

New two-wheeler insurance is an insurance policy designed to protect your two-wheeler against damage or loss. It typically includes coverage for damages resulting from accidents, natural disasters, fire, theft, etc. 

You need bike insurance for new bike as it will financially protect you and reduce your out-of-pocket expenses in case you get into an accident. You can choose from 3 types of bike insurance plans catering to your specific needs. 

Getting bike insurance for new bike is important due to the following reasons:

• Legal Requirement: In India, having at least third-party insurance is mandatory. It covers your new bike against financial liabilities to any third party caused due to your vehicle. 

• Financial Protection: In case of accidents, theft, or damage, a new bike insurance will financially back you up in such situations. 

• Peace of Mind: Knowing that your new bike is protected at all times with a bike insurance policy allows you to ride with confidence.

There are several factors to keep in mind when buying bike insurance for your new bike. Paying attention to them will ensure that you fetch an ideal level of cover. Some of these factors are given below:

Compare rates online

Go online to compare the bike insurance premium rates. You can also buy your policy online as there are various options available. The best part of buying a policy online is there is no paperwork involved, just put down your details online and you are sorted. You can also use Bike Insurance Calculator to calculate and compare the premium.

Policy type

Know the policy types, it is very important to know the options you have to make an appropriate decision. Choose third-party insurance or a comprehensive plan depending on your insurance needs. 

Add-Ons

Choosing the right bike insurance add-ons along with your policy can give you maximum benefits. Some of these are, Zero Depreciation cover, NCB cover, Return to Invoice Cover and Engine Protect cover, and more.

Right IDV

Right IDV plays an important role in choosing or renewing your bike policy. The higher the IDV, the higher is the compensation at the time of unforeseen situations.

Claim procedure

This is very important; this process should be super-fast and hassle-free. Check the claim history of the insurer from sources such as their social media channels, official website and customer reviews.

IDV or the Insured Declared Value of the two-wheeler is the maximum amount your insurer will give you, in case your bike is completely damaged or stolen. We know low premiums are luring but it will not give you maximum financial benefit. That’s why you should 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.

At Digit, we let you customise your IDV as per your choice because we want you to make the right decision without any compromises.