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Bike Insurance Starts @ ₹538/year* Cover for Damages & Theft with Zero Paperwork

Two Wheeler Insurance

Two wheeler insurance or bike insurance secures your vehicle from losses that might arise due to unforeseen scenarios. The monsoon season has increased road potholes, thereby increasing the chances of accidents. Therefore, buy or renew bike insurance policy if it's nearing expiry. Besides this, bike insurance also provides coverage against fire, storm, theft, burglary, earthquakes, flood and accidents involving a third party vehicle, person, or property. Damages due to these unwanted events can cause vulnerable damage to your bike or scooter, leading to hefty repair bills. Hence, it is advisable to have a bike insurance policy. While renewing bike insurance online from HDFC ERGO, you can customise the comprehensive bike insurance policy by adding unique add-ons like zero depreciation, emergency roadside assistance and no claim bonus protection. This will enhance your bike insurance policy as you can avail numerous benefits from these add-on covers.
Also, as per the Motor Vehicles Act of 1988, riding a two wheeler without a valid third party bike insurance policy is illegal and can lead to hefty fines. You can choose from comprehensive bike insurance, third party cover and standalone own damage cover. However, it is advisable to completely safeguard your vehicle by buying a comprehensive two wheeler insurance policy. HDFC ERGO two wheeler insurance covers all types of two-wheelers, such as motorcycles, moped bikes/scooters, electric bikes/ scooters, and more. HDFC ERGO has a network of 2000+ cashless garagesˇ. Buying and renewing two wheeler insurance online from HDFC ERGO is smooth and easy.

What is Bike Insurance?

Bike insurance, also known as two wheeler insurance, is an agreement between an insurer and the bike owner. Bike insurance provides financial security to your two wheeler against damages to your bike or another person. Insurance for bike covers damages due to unforeseen events like theft, accident, or a natural disaster like earthquakes, floods, etc. All varieties of two wheelers, including motorcycles, moped bikes and scooters, electric bikes and scooters, and more, are covered under two wheeler insurance.
Different types of two wheeler insurance coverage plans in India are comprehensive bike insurance, standalone own damage insurance, and third party bike insurance. It is mandatory for every bike owner in India to have at least third party bike insurance coverage, as per the Motor Vehicles Act of 1988. In addition, if you opt for a comprehensive bike insurance plan, you can get add-on benefits like zero depreciation, roadside assistance, engine protection cover, and so on at a minimal additional cost. Any authorised insurance provider listed with the Insurance Regulatory Development Authority of India can offer two wheeler insurance coverage.
You can purchase two wheeler insurance easily and quickly online. Additionally, you can choose the bike insurance plan that best meets your needs from our extensive selection of options.

Inclusion of Two Wheeler Insurance

Accidents
Been in an accident? Keep calm, we cover damages your bike sustains in an accident.
Fire & Explosion
We won’t let a fire or an explosion burn your finances to ashes, be rest assured your bike is covered.
Theft
Your bike getting stolen could be your worst nightmare come true, but we ensure your peace of mind is not disrupted.
Calamities
Calamities can wreak havoc and your bike is not immune to them, but your finances are!
Personal Accident
Your safety is our priority, in case of injuries due to a two wheeler accident we cover your treatment charges.
Third Party Liability
Damaged a third party property or person? We cover damages to a third party property or injuries sustained by a third party person.

Key Features of Bike Insurance

Key Features Benefits of HDFC Ergo Two Wheeler Insurance
Claim settlement AI-enabled tool IDEAS
Own Damage Cover Covers accident & natural or man-made calamities
Third Party Damage Cover Covers third party injuries and property damages
Choice of Unique Add-ons Customise bike insurance policy with by selecting choice of add-ons like zero depreciation, emergency roadside assistance, etc.
Claim Settlement Ratio 100% Claim Settlement Ratio^
Bike Insurance Premium Starts at ₹538*
Bike Insurance Premium Starts at ₹538*
Personal Accident Cover Up to ₹15 lakhs~*
Cashless Garage Network 2000+ ˇ all across India
Repair Service Door Step Two Wheeler Repairs°
Emergency Roadside Assistance°° With emergency roadside assistance you can get your bike repaired anywhere and anytime.

Compare and Select the Best Two Wheeler Insurance

80% CUSTOMERS CHOOSE THIS
Covers under bike Insurance Comprehensive Two Wheeler Insurance Third Party Two Wheeler Insurance
Damage due to natural calamities – Earthquake, cyclone, floods etc.
Damage due to events like – Fire, theft, Vandalism etc.
Personal Accident Cover of Rs. 15 Lakhs (Optional)
Choice of add-ons – Zero Depreciation and Emergency Assistance
Damage to third party vehicle/ property
Injury to a third party person
No hefty fines levied if valid policy in place
Customization of bike value (IDV)

How to Save on Two Wheeler Insurance Premium?

In recent years the purchase of two wheeler insurance policy has shown a tremendous increase. This is due to the latest law by the government, where a person driving without a bike insurance policy can lead to heavy penalties or imprisonment. Third Party insurance premium is fixed by IRDAI which depends on CC of your bike. The premium of other insurance policy for bike depends from company to company, and the amount depends on various factors such as registration date, location, IDV etc. However, if you are still looking to save your two wheeler insurance premium, here’s how it can be done.
1.Maintain a clean driving record: Ensure that you ride safely and avoid meeting with an accident. By this you will avoid raising any claim, which can help you avail no claim bonus benefit during bike insurance renewal.
2. Opt for higher deductibles: If you pay higher amount while raising claim, you can save on premium during renewal of bike insurance.
3. Avail Add-ons: You can customise your comprehensive bike insurance policy by selecting add-ons like zero depreciation cover, no claim bonus protection, emergency roadside assistance, etc.
4. Securiy Device installation: Install devices like anti-theft alarm which can help reduce bike insurance premium.
5. Compare two wheeler insurance online Also Read : 5 Ways to Save On Bike Insurance

Factors Affecting Your Two Wheeler Insurance Premium

1. Type of Insurance Policy
Every insurance company offers two types of insurance policy for two wheelers. The third party cover is the bare minimum policy which is mandatory by the Indian law and covers only third party damage. The comprehensive cover policy provides all round protection and provides coverage against theft, natural and man-made mishaps, and accidents along with third party damage.Considering the benefits it offers, the premium for a comprehensive cover will be more as compared to the premium for third party cover.
2. Type and Condition of Two wheeler
Different bikes have different specifications and therefore, the cost of insuring them is also different. A bike engine’s cubic capacity is the deciding component that affectsthe insurance premium. Higher the cubic capacity, higher will be the insurance premium. In addition, the age of the vehicle, type of bike model and class of the vehicle, place of registration, fuel type, and the number of miles covered also affect the premium price.
3. Risk Evaluation Based on Driver’s Record
Not many people are aware but your age, gender, driving record and driving experience can also affect the insurance premium. In such instances, companies calculate the associated risk factor and accordingly charge the premium. For example, a young driver (in the early 20s) with a year of driving experience will be charged a higher premium as compared to a middle-aged, experienced bike driver.
4. Bike’s Market Value
The current price or market value of the bike also affect the insurance premium. The market value of the bike depends upon its brand and functionality. If the vehicle is old, the premium is decided based on the condition of the vehicle as well as its resale value.
5. Add-On Covers
Add-on covers can help in increasing the coverage, but the more the number of add-ons, the higher will be the premium. Therefore, choose only those covers that you deem necessary.
6. Modifications Done on Bike
Many people love adding accessories to their bikes in order to improve its aesthetics and performance. However, these modifications are usually not covered under the standard insurance policy and you might need to purchase an add-on cover for these modifications. However, adding these modifications under your insurance policy can increase the premium amount.

How to Buy/Renew Second hand Bike Insurance Online

Two-wheelers are a prevalent mode of transportation in India as its pocket friendly and easy to commute. For those who can not afford a new bike, a second-hand bike is a good option. Secondhand bike insurance is an essential part of buying a used bike or a scooter. Unfortunately, many fail to insure their bike or transfer bike insurance. Like regular motor insurance, second-hand two-wheeler insurance protects you from damage and losses caused to a third party or yourself while riding your pre-owned bike. Before buying second-hand bike insurance, remember the following things:
  • Ensure the new RC is in the new owner's name
  • Check the Insured Declared Value (IDV)
  • If you have an existing bike insurance policy, get the No Claim Bonus (NCB) transferred to get a discount
  • Choose from several add-on covers (emergency roadside assistance, no claim bonus protection, zero depreciation cover,etc)
We offer you a comprehensive policy that meets all your concerns. In addition, the insurance plan covers for various benefits to keep your finances safe against unforeseen events relating to your two wheeler.