5 Important Factors to Compare Bike Insurance Online

Since there are different types of bike insurance policies available online, it is always a good idea to find, compare, and obtain a policy that offers maximum coverage features at an affordable premium. You might need to compare different factors when you compare bike insurance online. Read the below article and find the top 5 factors to compare insurance online.

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5 Crucial Factors That You Must Consider While Buying a Bike Insurance Online

As per the Motor Vehicle Act, it is mandatory to have at least third-party bike insurance policy for all bike owners.When you compare bike insurance online, you can take into consideration the one that offers better coverage along with affordable premium rates. As these plans are available online, you can easily compare them. Moreover, you can also visit the Policybazaar Insurance Brokers Private Limited's official website and compare multiple policies in one place.

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

  1. Comparing Coverage with the Premium to be Paid

    Do not overlook the coverage factor while comparing bike insurance policies online. Instead, compare the inclusions and exclusions of the policy with respect to the premium amount to be paid. You can shortlist various 2-wheeler insurance plans and select the one that is best suited for your bike.Get the ideal combination of adequate coverage at a premium that suits your pocket.

  2. The Add-on Cover Available and their Premium

    With a bike insurance add-on cover you can enhance your policy scope of coverage to cover additional damages that your comprehensive bike insurance does not offer. They are added to your standard two-wheeler policy by paying an extra premium amount.

    You must compare different bike add-on covers 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 offered by a different insurer. Therefore, choose your add-on covers and insurer wisely.

  3. The Network Garage

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

    If your insurer has a large network of cashless garages across the country, finding a nearest garage would become easier for you during a road emergency. Therefore, choose an insurer having more network garages, so you can enjoy a speedy and stress-free repair services with quick claim settlement process anywhere.

  4. Discounts on Purchase

    Other than getting a faster claim settlement process, you should look for other perks, including discounts on the purchase. The discount on the policies varies from insurer to insurer. You can use an online premium calculator available on Policybazaar.com to determine the exact premium cost of your insurance policies.

  5. Customer Support Service

    While choosing a bike insurance provider, always consider the quality of customer support service as it will ensure you quick solutions for your grievances. You can start this by checking the customer feedback, reviews, and ratings of the insurer on their social media channels.

    The right insurer assists right from selecting an appropriate plan that caters to all your requirements and is within your budget to the complex claim settlement process.

Which Type of Bike Insurance Policy is the Best?

A comprehensive 2-wheeler insurance policy is considered the best type of policy as it includes both obligatory third-party bike insurance plus own damage coverage. Moreover, you can also buy any appropriate add-on cover to enhance the scope of your basic policy.

Conclusion

Before finalizing the deal, you must check features like quick, paperless, and streamlined buying & claim settlement process. If you are planning to buy bike insurance online, you must follow the above-mentioned criteria and get an affordable & suitable policy that fits your need. Therefore, you should familiarize yourself with these variables before you obtain bike insurance online.

Written By: PolicyBazaar - Updated: 10 June 2022
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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

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