What is Bike Insurance?
If you own a bike, you know its value: the thrill of adventure, fun rides with the family, and the convenience of travelling in the local area. Indian households very quickly become attached to their bikes, and to ensure these sentiments are protected, getting bike insurance is very important.
Bike Insurance protects your vehicle from the potential risk of damage and ensures that your bike continues to provide memories even after a setback. According to the Motor Vehicles Act of 1988, every bike owner must have at least a third-party insurance policy.
Quick Facts
Why Do You Need Bike Insurance?
Protect yourself and your bike with comprehensive coverage benefits
Legal Requirement
In India, having at least a third-party liability cover is mandatory to legally ride on the roads. Failure to comply can lead to fines or even license suspension.
Financial Security
Bike insurance protects you from the financial burden of repairing damages to your vehicle or another party's, especially in accidents.
Protection Against Theft
If your bike is stolen, comprehensive coverage can compensate you for the loss, mitigating out-of-pocket expenses.
Personal Accident Cover
Most bike insurance policies include personal accident coverage, providing financial support for medical treatment in case of injuries.
Third-Party Liability
If your bike is involved in an accident causing damage or injury to someone else, third-party liability coverage pays for their expenses.
Peace of Mind
Ride with confidence knowing you're protected against unforeseen circumstances and financial liabilities.
Types of Two Wheeler Insurance
Choose from comprehensive coverage options designed to protect your two-wheeler
Coverage Comparison
Compare what's covered under different types of bike insurance policies
| Coverage | Own Damage | Third Party | Comprehensive |
|---|---|---|---|
| Damage to own bike due to accident | — | ||
| Damage to own bike due to fire | — | ||
| Damage to own bike due to natural calamity | — | ||
| Damages to Third-Party vehicle | — | ||
| Damage to Third-Party Property | — | ||
| Personal Accident Cover | — | ||
| Theft of Bike | — |
Two Wheeler Insurance Add-ons
Enhance your bike insurance with additional covers for complete protection
Zero Depreciation
No depreciation on claim settlement
Engine Protection
Coverage for engine damage due to water ingression
Roadside Assistance
24/7 emergency roadside support
Return to Invoice
Get invoice value in case of total loss
NCB Protection
Protect your No Claim Bonus
Personal Accident
Coverage for rider and pillion
Top Bike Insurance Companies
Compare quotes from India's leading insurance companies with high claim settlement ratios
Insurance for All Bike Types
Get customized insurance coverage for different types of two-wheelers
Commuter Bikes
Hero Splendor, Bajaj Platina, TVS Star City
Sports Bikes
Yamaha R15, KTM Duke, Bajaj Pulsar
Scooters
Honda Activa, TVS Jupiter, Suzuki Access
Electric Bikes
Ather 450X, TVS iQube, Bajaj Chetak
Why Choose PaisaOne for Bike Insurance?
Experience hassle-free bike insurance with comprehensive coverage and exceptional service
Complete Protection
Comprehensive coverage for your bike against accidents, theft, and natural disasters
Instant Policy in 60 Seconds
Get your bike insurance policy issued instantly online with immediate coverage
Premium Calculator
Calculate your bike insurance premium instantly with our advanced calculator
24/7 Claim Support
Round-the-clock claim assistance with dedicated customer support team
Cashless Garages
Access to 8000+ cashless garages across India for hassle-free repairs
No Claim Bonus
Earn up to 50% discount on premium renewal for claim-free years
How to Buy Bike Insurance Online
Get your bike insurance in just 3 simple steps
Enter Bike Details
Fill up your two wheeler details like make, model, fuel type, etc., to find the top bike insurance policy quotes
Compare & Choose
From all the available plan options, pick the policy which meets your requirements and budgets in the best possible manner
Pay & Get Policy
Pay the premium price online and instantly receive your motorbike insurance document in your email inbox
What's Covered & Not Covered
Understand what your bike insurance policy covers and excludes
- Damage due to accidents
- Fire and explosion damage
- Natural calamities (floods, earthquakes)
- Theft of vehicle
- Third-party liability
- Personal accident cover
- Vandalism and riots
- Transit damage
- Normal wear and tear
- Mechanical breakdown
- Driving under influence
- Driving without valid license
- Consequential losses
- War and nuclear risks
- Intentional damage
- Racing and competitions
Claim Settlement Process
Understand how to file claims and get quick settlements
Cashless Claim Process
Inform Insurer
Contact your insurance company immediately after the incident. For planned repairs, inform 48 hours in advance.
Visit Network Garage
Take your bike to any of the network garages. Show your insurance card and get pre-authorization.
Garage Coordination
The garage will coordinate with the insurer directly. You don't need to pay anything upfront.
Collect Your Bike
Once repairs are completed, collect your bike. The insurer settles the bill directly with the garage.
Eligibility & Documents Required
Check eligibility criteria and required documents for bike insurance
- Bike should be registered under your name
- Must be above 18 years of age
- Valid driving license required
- Bike must be registered under RTO
- Government authorized ID proof
- Proof of address required
- Vehicle Registration Certificate (RC)
- Valid Driving License
- Identity Proof (Aadhaar/PAN/Passport)
- Address Proof
- Previous Insurance Policy (for renewal)
- Invoice of the Bike (for new bikes)
Frequently Asked Questions
Get answers to common questions about bike insurance
A two wheeler insurance policy is an agreement between an insurance company and a bike owner wherein the insurance provider promises to cover any damage or loss sustained by the insured bike due to an accident, theft, fire, etc., based on the opted policy. Generally, the contract between insured and insurer is of a year which should be renewed every year.
Yes, according to the Indian Motor Tariff, every bike owner is required to carry at least a third party insurance plan as per the Motor Vehicles Act of 1988. Riding without valid insurance can result in penalties and legal consequences.
There are three types of two wheeler insurance plans: Third party two wheeler plan (mandatory), Standalone own damage (covers your bike), and Comprehensive insurance plan (combines both third-party and own damage coverage).
Bike insurance premium depends on factors like bike make/model, engine capacity, age, location, riding history, coverage type, add-ons selected, IDV (Insured Declared Value), and No Claim Bonus eligibility.
Yes, a two wheeler insurance policy can be transferred from the old bike owner to the new bike owner when the bike is sold. The policy transfer must be completed within 14 days from the purchase date of the bike.
IDV (Insured Declared Value) is the current market value of your bike, determining the maximum amount your insurer will pay in case of theft or total loss. It affects your premium - higher IDV means higher premium.
Generally, there aren't any restrictions on the total number of claims made by a policyholder within a year. However, making claims affects your NCB (No Claim Bonus) and repeated claims can lead to premium increase at renewal.
If your policy expires, you get a grace period of 30-90 days depending on the insurer. Renewing within this period maintains your benefits like NCB. After the grace period, you'll lose NCB and may need vehicle inspection.