Bike Insurance in Faridabad

Why is Bike Insurance Essential in Faridabad?

Faridabad witnessed a total of 118 accidents within the first two months of 2025 (January and February). Of these, 43 fatal accidents and 75 non-fatal accidents were recorded. The major blackspots in the city include NHPC Chowk and Sikri Road, heading towards Palwal, among others.

The figure clearly illustrates the dangers of riding a two-wheeler in Faridabad. According to the traffic department, wrong-side driving and parking on main roads are among the reasons contributing to these fatal accidents.

Let us evaluate more reasons why you should get a two-wheeler insurance in Faridabad:

1. Illegal Parking

   Illegally parking on main roads remains one of the main concerns in Faridabad. It results in traffic congestion, which further contributes to the increasing number of road accidents.

2. Lack of Adequate Infrastructure

   Another reasons for road accidents in Faridabad are unauthorised cuts, improper lighting on main roads, and damaged roads. These factors can lead to minor damage to your two-wheeler on a regular basis. A comprehensive bike insurance policy provides coverage for these minor repairs.

3. IRDAI Rule

   The Insurance Regulatory and Development Authority of India (IRDAI) has made a third-party bike insurance policy mandatory for all vehicles. The fine for riders riding without a valid bike insurance policy is Rs. 1,000 for both the first and repeated violations.

4. High Traffic Violations

   In 2022, 263 people in Faridabad lost their lives due to overspeeding. Driving under the influence and wrong-side driving were some other reasons for road accidents.

Finding the Right Bike Insurance Policy in Faridabad

These factors are the most important ones to consider when buying bike insurance in Faridabad:

1. Decide the Coverage You Need

   A comprehensive bike insurance policy, an own-damage bike insurance policy, and a third-party bike insurance policy are three types of bike insurance available. A third-party cover is essential for legal compliance, own-damage covers your own vehicle, and a comprehensive policy provides financial protection for your own and third-party liabilities as well.

   Faridabad is one of the most populous cities in Haryana, facing issues such as inadequate road infrastructure and traffic violations. It is important that you choose a comprehensive two-wheeler insurance policy for broader coverage.

2. Check the Claim Settlement Ratio (CSR)

   CSR is the percentage of the claims successfully settled by the insurance provider. You must choose an insurer that has a higher CSR.

3. Check the Network of Available Garages

   Check the insurer’s website to ensure it has a wide network of garages for cashless bike insurance claims. It ensures a faster and hassle-free claim process. These garages must be present at least in key locations, such as Mathura Road, Ballabhgarh, and Neelam Bata Road.

4. Compare Policies Online

   The Policybazaar.com website helps you compare several available bike insurance products online. You can select your desired policy from a broad range of options by following the steps listed below:

   Type in the registration details of your vehicle (model, registration number, etc.).

   Check multiple available quotations from different insurance providers. The quotes are available for both third-party and comprehensive bike insurance policies.

   You can also filter as per different coverage options, premiums, and add-ons.

5. Choose Required Add-ons

   These bike insurance add-ons make a two-wheeler insurance policy in Faridabad even more effective:

   Engine Protection Cover: Potholes and waterlogging are common occurrences during the monsoon in Faridabad. It can lead to major damage to the bike’s engine. This cover provides compensation for damages and repair work related to the engine in any such scenario.

   Roadside Assistance (RSA) Cover: This cover provides roadside assistance if your vehicle is damaged or punctured on the road.

   Zero Depreciation Cover: The insurer provides a full claim amount without deducting the depreciation costs on the parts specified on your policy.

6. Properly Read the T&Cs

   You must look for the following things in the terms and conditions of your policy:

   • NCB (No Claim Bonus) eligibility
   • Customer reviews
   • Voluntary/excess deductibles
   • Inclusions and exclusions

How to Compare Bike Insurance Policies in Faridabad

Consider these factors to compare bike insurance policies in Faridabad:

• Compare Coverage and Premium: Ensure you select a policy with coverage that protects against all the risk factors in your area. Price shouldn’t be the only factor when choosing a bike insurance policy in Faridabad.
• Select the Right IDV: The Insured Declared Value (IDV) is the amount you receive in case your vehicle is totally damaged. You must always choose an IDV that accurately reflects the right market value of your bike.
• Opt for Effective Add-ons: Selecting add-ons, such as RSA cover, consumables cover, and engine protection cover, helps you receive a better payout in the event of an emergency.

Which Type of Bike Insurance Coverage Will be Ideal in Faridabad?

Faridabad has a dense population and attracts numerous people in search of employment opportunities. It results in traffic congestion and several traffic accidents. In that case, it is highly advisable to purchase a comprehensive bike insurance policy for broader coverage. Your bike insurance policy must provide coverage against:

• Fire and man-made disasters
• Accidents
• Water ingress
• Theft, etc.

How to Buy Bike Insurance Online in Faridabad?

Check these steps for buying a bike insurance policy in Faridabad:

Step 1: Click the ‘2-Wheeler Insurance’ tab on the Policybazaar.com portal.

Step 2: Select the ‘Buying a New Bike?’ option for a new bike. Type in the registration number of your bike.

Step 3: Select your city as ‘Faridabad’ and insert your vehicle details.

Step 4: Select a plan that suits your needs. You can also customise a plan.

Step 5: Select a payment method to pay the required amount.

Step 6: You will receive your policy via email once payment is completed.

Challan for Not Having Bike Insurance in Faridabad

The penalty for driving a two-wheeler without a valid third-party insurance certificate in Faridabad is Rs. 1,000 for both the first and subsequent violations.