5 Factors to Compare Bike Insurance Online

Since there are different types of bike insurance policies available in the market, you must find, compare and then buy a bike insurance policy that offers maximum coverage at an affordable premium. However, there are several other factors that you must consider when you compare bike insurance online. Read on to understand all those factors.

Read more
Get Two-Wheeler Insurance
Starting @ only ₹538/year#
  • Compare & Save upto 85%*

  • 20+ Insurers

    To Choose From
  • 1.2 Crore+

    Bikes Insured

#TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

Stay home & renew bike insurance in 2 minutes
No Documents Required
Get Bike Insurance starting @ only ₹538/year#
Enter Bike Number
Processing
Other options
 

Compare Bike Insurance Online With These 5 Important Factors

As per the Motor Vehicle Act, all bike owners must have at least third-party bike insurance. When you compare bike insurance online, you can understand how one insurer offers better coverage at the most affordable premium rates than other insurers.

As these bike insurance plans are available online, you can easily compare them. Moreover, you can also visit Policybazaar Insurance Brokers Limited's official website and compare multiple policies in one place without any hassles.

Here are the essential factors that you must consider while comparing different bike insurance online-

  1. Compare coverage and premium

    Do not overlook the coverage factor while comparing bike insurance policies. Instead, compare the inclusions and exclusions of the bike insurance policy with respect to the premium amount to be paid. At last, you can shortlist various plans offered by several insurers and select the one best suited for your bike.

    Get the ideal combination of adequate coverage and cost-effective price.

  2. Check the add-on covers along with their premium

    An add-on cover enhances the scope of the bike insurance policy coverage so that you can cover all those damages that are not part of your comprehensive policy. You can add these to your standard policy by paying an extra nominal premium.

    You must compare different add-ons offered by insurers and find a policy that offers you the right cover at an affordable premium. Usually, the premiums may vary for the same add-on cover given by the different insurers. Therefore, choosing your add-on covers an insurer wisely.

  3. The network garages

    The network garages play a significant role in fixing your bike without any hassles. If you want a cashless claim settlement of your bike then you must consider the number of network garages listed under a particular insurer.

    If your insurer has several network of cashless garages across the country, finding the nearest one would become easier for you. Therefore, ensure a large number of network garages as it will let you enjoy a speedy and stress-free claim settlement process anywhere.

  4. Check the Claim Settlement Ratio (CSR)

    Choose an insurer with a higher claim ratio, as they settle your claims in lesser time. A CSR is a ratio between the number of claims raised and the number of claims resolved within a financial year by an insurer.

  5. Customer Support Service

    While choosing an insurance provider, always consider the customer support service, as it will ensure quick solutions for your grievances. You can start this by checking the customer feedback, reviews, and ratings of different insurers on the internet and their social media handles.

    The right insurer assists right from selecting an appropriate plan that caters to all your requirements and making the claim settlement process seamless.

You can also read- 6 Tips to Find the Best Bike Insurance Quotes Online

Which Type of Bike Insurance Policy is the Best?

Usually, insurers recommend a comprehensive insurance policy as it includes both mandatory third-party bike insurance and own damage coverage. Moreover, you can also buy any appropriate add-on cover with this policy to enhance the coverage.

Conclusion

Before finalizing the deal, you must check features like a quick, paperless, and streamlined buying & claim settlement process. If you are planning to buy bike insurance online, you must follow the tips discussed in this article and find the best deal in your budget.

Search
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Two Wheeler insurance articles

Recent Articles
Popular Articles
Top 10 Bikes in India

02 Feb 2023

Over 49.7% of Indian households possess a two-wheeler as per a
Read more
Is Third-Party Bike Insurance Enough for Your Bike?

11 Jan 2023

In India, third-party bike insurance is a mandatory requirement
Read more
8 Tips to Extend the Battery Life of an E-bike

06 Jan 2023

Unlike a fuel bike, electric two-wheelers are easy to ride and
Read more
Does Your Dirt Bike Need Insurance?

06 Jan 2023

Riding a dirt bike is an enjoyable experience for many people
Read more
Everything You Need to Know About KYC Norms in Two-Wheeler Insurance

30 Dec 2022

Amid the rising number of bike insurance fraudulent cases such
Read more
Best Two Wheeler Insurance Plans in India
When it comes to choosing the best two wheeler insurance plans, we’re sure you have heard enough from different
Read more
Everything You Need to Know About KYC Norms in Two-Wheeler Insurance
Amid the rising number of bike insurance fraudulent cases such as money laundering and terrorist financing, all
Read more
How to Get Duplicate RC Online & Offline?
A Registration Certificate or RC is as important as the Driving License (DL) or two-wheeler insurance policy for
Read more
Lost Your Two Wheeler Insurance Documents? Here Is What You Need To Do
A bike insurance policy is one of the mandatory documents that every two-wheeler owner must have. In case you have
Read more
Zero Depreciation Bike Insurance
Every two-wheeler goes through depreciation. Simply put, depreciation of a vehicle means a reduction in its value
Read more