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.

Written By: PolicyBazaar - Updated: 01 June 2022

Two Wheeler insurance articles

Recent Articles
Popular Articles
Is There Any Difference Between Getting Two-wheeler Insurance Online and Through an Agent?

24 Jun 2022

In life, keeping yourself financially secure is important as...
Read more
Do You Need E-bike Insurance for Your E-bike in India?

15 Jun 2022

The pace of electric vehicle adoption in India is growing fast...
Read more
Tips to Choose the Best Motorcycle Gear

09 Jun 2022

A motorcycle protective gear is as important as motorcycle...
Read more
5 Important Factors to Compare Bike Insurance Online

08 Jun 2022

Since there are different types of bike insurance policies...
Read more
Important Bike Riding Tips for Teenagers

06 Jun 2022

As per an NGO report in IndiaTV, nearly 25 teenagers get killed...
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
Traffic Rules in India That Every Two Wheeler Rider Should Know
A two wheeler is probably the first vehicle that most people learn to ride after a bicycle. Nothing ever compares...
Read more
Renew Your Two-Wheeler Break-in Insurance Policy at PolicyBazaar
Owners of two-wheelers have been getting a good night’s sleep as far as their vehicle’s insurance is...
Read more
Lost Your Two Wheeler Insurance Documents? Here Is What You Need To Do
A bike insurance policy is one of the important documents required for claim settlement. You won’t be able to...
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