Third-party Insurance Premiums Hiked from June 1, 2022

On 31 May, the Union Ministry of Road Transport and Highways (MoRTH) announced the rise in third-party insurance premiums for all the two-wheelers. For the first time, the MoRTH has issued a notification for the third-party two-wheeler insurance rate hike. If you are planning to buy a two-wheeler, get ready to spend more to insure your vehicle from June 1, 2022.

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
Other options

According to the updated third-party motor insurance rates, the two-wheelers with an engine capacity of more than 150CC will witness an increase of 15% in the premium rates. While two-wheelers with an engine capacity between 150-300 CC will have to pay Rs 1,366 which was earlier Rs 1,193. And those who want to buy two-wheelers with more than 350 CC will have to pay a third-party premium of Rs 2,804.

Furthermore, Electric two-wheelers with a battery capacity between 7-16 KW will now have to pay a premium of Rs 1,161 for third-party liability cover. While the e-bikes or e-scooter with a battery capacity between 3-7 KW is decreased to Rs 607 from Rs 639.

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