Best Bike Insurance Companies

Take a look at the detailed table given below, highlighting the top 21+ insurance providers in India in 2025, along with their Claim Settlement Ratio (CSR) and Network of Cashless Garages.

Note: Premium prices are subject to change. For a more comprehensive list of insurers, it is recommended to visit the official IRDAI website.

Have a look at the key features of some top insurers in the country and why you should consider them as your go-to choice:

1. HDFC ERGO

HDFC ERGO is a joint venture between HDFC Ltd. and ERGO International of the Munich Re Group. It offers a wide range of insurance products including health, motor, travel, and home insurance. The company is known for its strong digital infrastructure, fast claim settlement, and a vast network of over 16,000 cashless hospitals.

2. ICICI Lombard

One of the largest private sector general insurers in India, ICICI Lombard provides comprehensive insurance solutions across health, motor, travel, and home segments. It is known for its tech-driven services, including AI-based claim processing and the IL TakeCare app, and has a large network of garages and hospitals.

3. Bajaj Allianz

A joint venture between Bajaj Finserv and Allianz SE, Bajaj Allianz is a trusted name in the insurance space. It offers a broad portfolio including health, motor, travel, and even cyber insurance. The company is known for its high claim settlement ratio, extensive hospital and garage network, and strong digital presence.

4. ACKO

ACKO is a digital-first insurance company that operates entirely online. Founded in 2016 and backed by investors like Amazon, it offers motor, health, and travel insurance with a focus on low premiums and hassle-free claims. ACKO is popular for its zero-paperwork process and quick turnaround times.

5. Digit Insurance

Digit, launched in 2017 and backed by the Fairfax Group, is known for simplifying insurance with a customer-first approach. It offers car, bike, health, and travel insurance, and has gained popularity for its easy-to-understand policies, paperless claims, and innovative offerings like “Pay As You Drive.”

6. IFFCO Tokio

A joint venture between IFFCO and Tokio Marine of Japan, IFFCO Tokio has a strong presence in both urban and rural India. It offers a wide range of products including motor, health, travel, and crop insurance. The company is known for its high claim settlement ratio and rural outreach through Bima Kendras.

7. Liberty General Insurance

Liberty General is a joint venture involving Liberty Mutual (USA), Enam Securities, and the DP Jindal Group. It offers motor, health, and travel insurance, and is recognized for its high claim settlement ratios and growing network of hospitals and garages. The company emphasizes customer service and quick claims.

Choosing the right bike insurance company involves considering several factors to ensure you get the best coverage and service. Here's a guide to help you make an informed decision:

1. Coverage Offered

Evaluate the coverage offered by different insurers. Consider whether you need third-party liability coverage only or comprehensive coverage that includes damages to your bike as well. Check for add-ons that suit your requirements, like zero depreciation, roadside assistance, etc.

2. Claim Settlement Ratio

Look for the insurer's claim settlement ratio. A higher ratio implies a better track record of settling claims efficiently. This information reflects the likelihood of your claim being honoured without unnecessary delays.

3. Network of Garages

Check the insurer's network of cashless garages. A wider network ensures easy access to repair facilities without upfront payments in case of damage. Ensure the network includes garages convenient for you.

4. Customer Service

Research reviews and feedback about the insurer's customer service. A responsive and helpful customer support team is crucial, especially during claim processing or policy-related queries.

5. Premiums

Compare premiums offered by different insurers for similar coverage. However, don't solely base your decision on the lowest premium; consider the overall value provided in terms of coverage and service.

6. Add-Ons and Customisation

Assess the availability of add-on covers and customisation options. A good insurer offers flexibility to tailor the policy according to your specific needs.

7. Policy Terms and Conditions

Read and understand the policy terms, conditions, and exclusions. Pay attention to details like deductibles, coverage limits, renewal procedures, etc.

8. Online Services

Evaluate the ease of online services such as policy purchase, renewal, and claim filing. A user-friendly online platform can simplify the entire insurance process.

9. Reputation and Reviews

Consider the reputation of the insurer within the market. Reviews and feedback from existing customers can give you insights into their experiences with the insurer.

10. Financial Stability

Look into the financial stability and credibility of the insurance company. This ensures that they can honour claims and provide support when required.

Two-wheeler insurance typically offers several features to protect your bike and yourself. Here are some common features you will find when you decide to buy two-wheeler insurance online.

• Third-party Liability Coverage

  Mandatory by law in many countries, it covers damages caused to third parties (individuals, vehicles, property) by your bike.

• Comprehensive Coverage

  Besides third-party liability, it covers damages to your bike due to accidents, theft, natural calamities (like floods, earthquakes), fire, vandalism, etc.

• Personal Accident Cover

  Provides financial support in case of accidental death or disability of the rider. This cover often extends to passengers as well.

• No Claim Bonus (NCB)

  If you don’t make any claims during the policy period, you are eligible for a discount (NCB) on the renewal premium.

• Add-On Covers

  These are optional covers that can be added to enhance your policy, such as zero depreciation cover, roadside assistance, engine protection, accessories cover, etc.

• Cashless Claim Settlement

  Many insurance companies offer cashless repair services at their network of garages, making it convenient for policyholders.

Motorbike insurance isn’t just a legal requirement—it’s your financial safety net on the road. But that doesn’t mean you have to overpay or settle for less coverage. Whether you're a first-time buyer or renewing an existing policy, there are smart ways to reduce costs and enhance protection.

Check out these strategies that can help you unlock better value and peace of mind:

• Bundle & Save

  Suppose your household owns more than two vehicles; in that case, it is possible to ensure comprehensive coverage for multiple vehicles under a single policy through bundled policies. This provides discounts to policyholders, leading to cost savings.

• NCB Rewards

  It is vital to opt for the No-Claim Bonus (NCB) add-on cover. This benefit is accumulated for claim-free years, which leads to a discount of up to 50% on premiums at the time of renewal of a policy.

• Long-Term TP Plans

  As per the new rule stated by the IRDAI, new bikes in India are compulsorily required to have a 5-year third-party bike insurance cover, along with at least 1 year of Own-damage insurance. This saves the hassle of insurance renewals every year, preventing sudden premium hikes and leading to more savings.

• Switch Smart

  By choosing to compare, review and purchase policies online, the medium of switching policies also becomes easier. Online renewal ensures a seamless process of switching policies, which is paperless and quick, along with the NCB benefit being transferable as well.

The bike insurance landscape in India is evolving rapidly, with new rules and digital innovations reshaping how we stay protected on the road. Whether you're a new bike owner or renewing your bike insurance policy, understanding these changes is essential to staying compliant, avoiding penalties, and making smarter insurance choices. Here’s a quick guide to the most important updates every driver and rider should know:

1. Mandatory Third-Party Bike Insurance

• Mandatory Third-Party Bike Insurance
• It’s illegal to drive without third-party insurance.
• If caught, you can be fined ₹2,000 or even go to jail for up to 3 months.
• This insurance covers damage or injury you cause to other people or their property.

2. Long-Term Insurance for New Bikes

• If you buy a new two-wheeler, you must get 5 years of third-party insurance at the time of purchase.
• This rule helps make sure bikes stay insured and protected for a longer time.
• You can also choose to add 1-year own damage cover along with it.

3. Rise of Digital Insurance Companies

• Online insurers like ACKO and Digit are becoming very popular.
• They are approved by IRDAI (the insurance regulator).
• These companies offer quick, paperless policies and fast claims through apps and websites.
• They often have lower prices and are easier to use than traditional insurance companies.

Staying informed about the latest insurance rules isn’t just about avoiding fines—it’s about protecting yourself, your vehicle, and others on the road. With long-term policies and digital platforms making insurance more accessible than ever, now is the perfect time to review your coverage. Embrace the shift, go digital, and ensure you're always road-ready with the right protection.