5 Things to Keep In Mind at Time of Bike Insurance Renewal

A bike insurance policy has to be renewed after completion of its coverage tenure. The insurance policy should be renewed before the expiry date. If your policy is lapsed and is not renewed before the due date, any damage during that time will not be covered under your policy.

If you renew the policy after the expiry date, the cost of premium will also increase. The insurance company will treat your application as a fresh application. The company may need to send a surveyor to check the condition of the vehicle.

If you buy insurance after the expiry date, the no-claim bonus will not be applied by the insurance company. If you had not made any claim in the previous year, NCB will be applied while renewing the policy.

So, do not wait for reminder calls and emails from the insurer, and try to proactively renew your policy on time to avoid any delays and last minute stress.

If your two-wheeler insurance policy is about to expire and you are looking for ways to help you renew it faster, then we are here to help you. Follow these tips to help you renew your policy in a hassle-free manner.

Important Parameters to Consider While Renewing a Two-Wheeler Insurance Policy:

The following factors should be considered while renewing your bike insurance policy:

Adequate Coverage:

The vehicle should be protected from various kinds of natural and manmade disasters. You should assess the risks covered by your current policy. You should consider add-on benefits such as roadside assistance, breakdown cover, rider cover, and similar services to enhance the coverage.

Legal Obligations

It is mandatory to buy a two-wheeler insurance policy as per the law. If you are riding the vehicle on public roads, you should have a driving license and vehicle insurance policy.

If you have bought ‘liability only’ policy, you can go for comprehensive coverage while renewing the policy. The policy premium for a comprehensive insurance policy is higher than a third-party insurance policy.

However, it will offer complete protection to you and the pillion rider, pillion, including a third party (person or property). You can through the complete details of your insurance policy and get it customized as per your needs.

Look for Discounts

Insurance companies offer various kinds of discounts based on the risk measures taken by you. If you have installed accessories to improve the safety of your 2 wheeler, the insurance company may decrease the cost of the premium.
You can avail No-claim-Bonus for not making a claim during the policy period.  If you hold membership with Automobile Association of India then also you are eligible to obtain discounts on the premium.

Compare Different Plans

Before two wheeler insurance renewal, you should explore better options.  You can also go for long-term insurance policy so that the premium will be the same for 2 or 3 years. When you buy a long-term insurance policy, you will not want to renew the policy on annual basis.

You should request a quote from two or more reputed insurance companies. If you share complete information about your vehicle and personal details, you will get precise quotes from insurance companies.

Online Renewal

You should compare the features, price and claim settlement ratio of the insurance company. After finalizing the best insurance policy, you can renew the policy online. Some vehicle insurance companies may reduce the premium up to 5% if you pay it premium online.

By renewing the insurance policy online, you can avail special discounts. The premium can be paid through various channels i.e., online banking account, debit/credit card, IMPS and NEFT as per your convenience.

You can go through the information presented on the official website of the insurance company. The comparison of features across various insurance policies and price will help you settle for the best.

Offline Two-Wheeler Insurance Renewal

If you want to renew your policy offline, you will have to submit the following documents-

  • The insurance renewal form (available at the insurance company office or agent)
  • Your driving license
  • Vehicle Registration Certificate
  • An old copy of your vehicle insurance policy

In India, there is a huge population who drives two-wheelers, and it is no less than a prized possession for them. There are different bikes to cater to the various segments of our population, ranging from 50,000 to 10 lakh rupees. So, you can check bike insurance online to know about policies with a small premium for lower segment, as well as higher premium policies for expensive bikes, which have costly body parts as well as the repairing cost is high.


Merely buying a vehicle insurance policy doesn’t suffice. The right approach is to stay proactive and renew your vehicle insurance policy before the due date and in a timely manner. Try to avoid the last minute chaos and make a well-informed decision. While renewing the policy, do not forget to go through the documentation to understand the inclusions and exclusions.

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