Bike Insurance in Aurangabad

Why Bike Insurance is Essential in Aurangabad?

Like any other growing city, bike riders in Aurangabad face risks on the road every day. As per the Maharashtra Road Crash Report 2022, 265 fatal crashes were recorded on state highways under Aurangabad rural. In the same year, the district recorded 457 deaths, out of which 352 were two and three-wheeler riders. These figures clearly show how vulnerable bikers are and why having two-wheeler insurance in Aurangabad is crucial.

A few other reasons that make bike insurance essential are as follows:

1. Dangerous Bypasses

   The Beed Bypass, which stretches from Mahanubhav Ashram to Zalta Phata on NH-52, has become a high-risk zone in the city. The bypass, constructed to reduce city traffic, is now congested with local vehicles, increasing the risk of serious accidents.

2. Potholes and Poor Road Conditions

   Deep potholes on rural roads and on the outskirts of Aurangabad often cause bikers to lose control or skid. Even a small fall can lead to expensive repairs. A bike insurance policy can help you manage these unexpected expenses.

3. Unsafe Intersections and Speeding

   High-speed traffic on highways, along with poorly designed intersections, increases the chances of collisions in Aurangabad. Bike insurance support becomes crucial in such cases as it covers vehicle damage and third-party liabilities.

4. Poorly Lit Roads

   Inadequate street lighting in certain areas raises the risk of nighttime accidents. In such uncertain situations, having a two-wheeler policy ensures you do not have to handle financial stress alone.

5. Mandatory as per the Motor Vehicle Act

   As per the Motor Vehicles Act, having at least third-party bike insurance is mandatory in India, including Aurangabad. If you are caught riding without it, you will be fined and can face legal trouble.

Finding the Right Bike Insurance Policy in Aurangabad

The points below will help you find the right bike insurance policy in Aurangabad:

1. Choose the Coverage that Suits Your Needs

   Not every rider in Aurangabad needs the same kind of protection. So, if you want full coverage against a wide range of risks, then a comprehensive policy is the better option. But if you want to meet only the legal requirement and keep costs low, a basic third-party policy is enough.

2. Look for the Insurer's CSR

   Before buying two-wheeler policy in Aurangabad, ensure you check the insurer's Claim Settlement Ratio (CSR). This number indicates how many claims the company has settled in a year compared to how many claims they received. A CSR of 90% or more is usually a good sign as it shows that the insurer has a strong track record of paying claims.

3. Check the Network Garage Availability

   Bike insurance companies have tie-ups with authorised garages where you can get your vehicle repaired without paying upfront. So, before buying a policy, check if there are enough network garages near your area. In emergencies, this can make the bike insurance claim process much smoother.

4. Compare Plans Online Before Deciding

   With so many insurers and plans available in Aurangabad, comparing them online helps you make an informed choice. Insurance aggregator websites like Policybazaar.com make this process simple. You just need to:

   • Enter your bike’s registration number
   • Check quotes for both third-party and comprehensive plans
   • Select required add-ons to see the price change

5. Select Add-ons

   Add-ons are optional covers that enhance your base two-wheeler insurance policy. They slightly increase your premium but offer extra protection. Some important add-ons are:

   • Zero Depreciation Cover: Insurers generally deduct depreciation on bike parts during claim settlement. With this cover, you get the full claim amount without depreciation deductions.
   • Engine Protection Cover: It covers engine damage due to water ingression or oil leakage, which is not covered under standard policies.
   • Consumables Cover: This cover pays for small items like nuts, bolts, engine oil, grease, etc., which are otherwise not included in claims.

6. Read the Policy Document Carefully

   Before finalising your policy, go through the policy document properly and pay attention to:

   • Deductibles
   • No Claim Bonus (NCB)
   • What is covered and what is not covered
   • Customer reviews and feedback

How to Compare Bike Insurance Policies in Aurangabad?

• Opt for the Right IDV (Insured Declared Value)
  The IDV is the maximum amount you will receive if your bike is stolen or damaged beyond repair. While comparing two-wheeler insurance policies, ensure that the IDV closely matches your bike’s current market value.
• Focus on Coverage Instead of Premium
  Most bike owners tend to focus on the policy price first, but a low-cost plan may not always provide adequate protection. In a city like Aurangabad, where potholes and uneven roads are common, your bike is exposed to multiple risks. Choosing a policy with a slightly higher premium but broader coverage can help you save significantly on repair expenses in the long run.
• Check Available Add-ons
  Bike insurance add-ons or riders are extra benefits that you can add to your base two-wheeler insurance policy for better protection. While riders increase your premium slightly, they can save you a lot of money at the time of a claim.

What Type of Bike Insurance Coverage is ideal in Aurangabad?

In Aurangabad, many roads have potholes, poor maintenance, and drainage problems. For bikers, this can mean a higher chance of skidding or meeting with accidents. On top of that, heavy traffic, unclear signboards, and poor street lighting in some areas can make bike riding even more risky.

Considering these risks, opting for a comprehensive bike insurance policy is a wise decision. It protects your bike against accidental damage, theft, and losses caused by natural or man-made disasters. You can also consider adding useful add-ons for enhanced protection.

How to Buy Bike Insurance Online in Aurangabad?

• Step 1: Head over to Policybazaar.com and navigate to the ‘Bike Insurance’ section.
• Step 2: Tap on the ‘Buying a New Bike?’ option to move ahead.
• Step 3: Enter ‘Aurangabad’ as your city or RTO and fill in your bike details, such as brand, model, variant, and delivery date.
• Step 4: Hit the ‘View Plans’ button and browse through the available plans.
• Step 5: After selecting the policy that fits your needs, complete the payment securely through any available online payment method.
• Step 6: Once the transaction is successful, your insurance policy will be instantly shared with you via email.

Challan for Not Having Bike Insurance in Aurangabad

If you ride a bike in Aurangabad without a valid two-wheeler insurance policy, you can be fined ₹2,000 for the first offence and ₹4,000 for repeated offences.

FAQs on Bike Insurance in Aurangabad