Bike Insurance in Raipur

Why Bike Insurance is Essential in Raipur?

According to data released by the Ministry of Road Transport and Highways (MoRTH), a total of 1,911 road accidents occurred in Raipur in 2022, resulting in 583 fatalities. The bad road infrastructure, reckless driving, and a rapid increase in the number of vehicles remain the primary reasons behind these crashes. Blackspots in the city include Dumratrai village and Kandri village.

The figure is even more concerning for riders, as they lack the security that a four-wheeler might provide in case of a collision. The right two-wheeler insurance policy helps cover major expenses in the event of such an emergency.

Let’s look at a few more reasons why bike insurance in Raipur is a need of the hour:

1. Mandated by IRDAI

   In India, the IRDAI has mandated a third-party bike insurance policy for all motorised vehicles. Drivers found driving vehicles without a valid insurance plan face a penalty of Rs. 2,000 for the first offence, and Rs. 4,000 for subsequent offences. It is essential to purchase a third-party bike insurance policy to avoid challans.

2. Private Bus Operators

   There are several private bus operators in the state. The drivers of these buses are often caught flouting rules, putting the riders’ lives at risk.

3. Inadequate Road Infrastructure

   The rising number of vehicles in the city puts an overload on the existing road network, resulting in damaged portions in multiple areas. It can cause significant damage to your bike and can result in expensive repair costs. An own-damage bike insurance policy helps you avoid paying this amount out of your own pocket.

4. Lack of Traffic Awareness

   People tend to disregard the traffic rules in Raipur, which include jumping red lights, speeding, and driving recklessly. Most of the fatal accidents also occur due to rash and irresponsible driving in residential areas.

Finding the Right Bike Insurance Policy in Raipur

The factors given below are crucial to help you buy the right bike insurance in Raipur:

1. Understand Your Coverage Needs

   A third-party bike insurance policy is mandatory for legal compliance, and a comprehensive bike insurance policy provides added protection for you as well. You must evaluate the risks of riding a bike in your area and choose one of these accordingly. The main concerns in Raipur are poor driving behaviour and an inadequate road network, making a comprehensive two-wheeler insurance policy essential.

2. Check the Claim Settlement Ratio (CSR)

   The percentage of claims successfully settled by the insurer is referred to as the CSR. It is advisable to choose an insurer with a higher CSR, as this ensures a hassle-free claim process.

3. Check the Network of Local Garages

   Check the network of local garages that offer a cashless claim. These garages must be available in key locations, such as Shankar Nagar and Tatibandh Square.

4. Online Policy Comparison

   The user-friendly Policybazaar.com platform offers the opportunity to compare multiple bike insurance products online. You can access the broad range of products available through the listed steps:

   1. Enter vehicle registration details (model, registration number, etc.)
   2. Check the available quotes for both comprehensive and third-party policies.
   3. You can filter as per different coverages offered, premiums, and add-ons.

Add-ons for a Broader Coverage

Select these bike insurance add-ons for an even broader coverage in your bike insurance policy in Raipur:

• Engine Protection Cover: Damaged roads can cause major damage to the engine, the most expensive component of a vehicle. This add-on covers engine-related repair and replacement costs.
• Roadside Assistance Cover (RSA): In the event that your vehicle malfunctions on the road, the insurer helps transport it to the nearest repair centre.
• Zero Depreciation Cover: A full claim amount without deducting the depreciation costs on the parts specified on your policy. While 100% of the cost of plastic, nylon, and glass is covered, the cost covered for tyres, tubes, and batteries is capped at 50%.

Properly Read the T&Cs

These are the things you must check in the T&Cs of your bike insurance policy:

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

How to Compare Bike Insurance Policies in Raipur

These are some important factors for comparing bike insurance policies in Raipur:

• Don’t Make Price the Only Factor: Don't choose the cheapest option available without evaluating the coverage it provides. It is essential to accurately identify the risk factors in your area and select the appropriate bike insurance policy.
• Select the Right IDV: The Insured Declared Value (IDV) you choose must be in accordance with the right market value of your two-wheeler.
• Select Effective Add-ons: A standard policy typically does not cover all components, making it essential to purchase effective add-ons (such as engine protection cover and RSA cover) to maximise the claim amount.

What Type of Bike Insurance Coverage Is Ideal in Raipur?

Raipur is a crowded city, facing challenges such as inadequate road infrastructure and heavy traffic congestion. In that case, it is essential to select a comprehensive bike insurance policy for protection against unforeseen emergencies. Your policy must provide coverage against:

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

You can enhance your bike insurance policy's coverage with popular add-ons, such as helmet cover, consumables cover, and engine and gearbox protection cover.

How to Buy Bike Insurance Online in Raipur?

These easy steps listed below are to help you get a two-wheeler insurance policy:

Step 1: Click the ‘Bike Insurance’ tab on the Policybazaar.com portal.

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

Step 3: Click on ‘Raipur’ and type in the details of your vehicle.

Step 4: Select a plan as per your needs. You can also customise a plan.

Step 5: Select the preferred payment mode to pay the required amount.

Step 6: You will receive your policy document via email.

Challan for Not Having Bike Insurance in Raipur

The fine for riding a two-wheeler without a valid third-party insurance policy is Rs. 2,000 for the first offence, and Rs. 4,000 for repeated violations.