Bike insurance companies in India offer a range of plans designed to protect motorcycle and scooter owners against financial losses arising from accidents, theft, natural calamities, and third-party liabilities. These plans are typically available as third-party, standalone own-damage, or comprehensive bike insurance policies. While selecting the right coverage is important, choosing the best two-wheeler insurance company in India is equally crucial, as factors such as claim settlement ratio (CSR), cashless garage network, customer support, digital services, and policy benefits can significantly impact your overall experience. Comparing different two wheeler insurance providers across these parameters can help you make a well-informed decision and choose the most suitable two wheeler insurance for your needs.
Bike Insurance Company List 2026
Below is a comparison of the best bike insurance companies in India in 2026 based on their claim settlement ratio and network garages.
| Bike Insurance Company |
Claim Settlement Ratio (CSR) |
Network Garages |
Year of Establishment |
| HDFC ERGO General Insurance |
100.00% |
6,800+ |
2002 |
| IndusInd General Insurance (formerly Reliance General Insurance) |
98.60% |
8,700+ |
2000 |
| Tata AIG General Insurance |
- |
7,500+ |
2001 |
| Liberty General Insurance |
98.00% |
4,300+ |
2013 |
| Cholamandalam MS General Insurance |
98.00% |
16,800+ |
2001 |
| Zurich Kotak General Insurance (formerly Kotak Mahindra General Insurance) |
98.00% |
3,000+ |
2015 |
| Shriram General Insurance |
98.00% |
2,000+ |
2008 |
| Go Digit General Insurance |
97.00% |
9,000+ |
2017 |
| IFFCO Tokio General Insurance |
95.80% |
11,800+ |
2000 |
| United India Insurance |
95.00% |
3,100+ |
1938 |
| The Oriental Insurance Company |
94.00% |
7,926+ |
1947 |
| SBI General Insurance |
- |
16,000+ |
2010 |
| National Insurance Company |
93.00% |
3,100+ |
1906 |
| Royal Sundaram General Insurance |
92.66% |
4,600+ |
2000 |
| The New India Assurance |
91.00% |
3,000+ |
1919 |
| Universal Sompo General Insurance |
90.00% |
13,500+ |
2007 |
| Zuno General Insurance (formerly Edelweiss General Insurance) |
89.00% |
1,500+ |
2017 |
| Bajaj General Insurance (formerly Bajaj Allianz General Insurance) |
88.83% |
4,000+ |
2001 |
| ICICI Lombard General Insurance |
- |
5,600+ |
2001 |
| Generali Central Insurance (formerly Future Generali India Insurance) |
87.40% |
3,500+ |
2006 |
| Acko General Insurance |
83.91% |
2,000+ |
2016 |
| Magma General Insurance (formerly Magma HDI General Insurance) |
79.60% |
4,000+ |
2009 |
| Raheja QBE General Insurance |
77.91% |
1,300+ |
2007 |
| Navi General Insurance |
76.20% |
900+ |
2016 |
Disclaimer: The insurers listed below are arranged based on the latest publicly available Claim Settlement Ratio (CSR) data and are not ranked from best to worst. Coverfox does not endorse one insurer over another.
Source: CSR data based on the latest available figures from IRDAI and public disclosures. Network garage figures sourced from insurer websites and industry aggregators. Always verify current figures on the IRDAI website before purchasing.
1. HDFC ERGO General Insurance
HDFC ERGO General Insurance is one of India's leading private sector general insurers and a subsidiary of HDFC Bank. The company offers a wide range of insurance products, including motor, health, travel, home, and commercial insurance, with a strong focus on digital services and a technology-driven customer experience.
Key Features and Benefits
AI-powered IDEAS platform for vehicle damage assessment
Online policy purchase, renewal, and servicing
Digital claim registration and tracking
Mobile app-based policy management
Insurance solutions for electric two-wheelers
IRDAI Registration Number
146
2. IndusInd General Insurance (Formerly Reliance General Insurance)
IndusInd General Insurance, formerly known as Reliance General Insurance, was rebranded following its acquisition by IndusInd International Holdings Ltd (IIHL). The company offers motor, health, travel, home, and commercial insurance products and continues to operate under the new brand identity while servicing existing policyholders.
Key Features and Benefits
Digital policy purchase and renewal facilities
Online claim registration and tracking
Multiple customer support channels
Broad portfolio of retail and commercial insurance products
Mobile app and web-based policy management
IRDAI Registration Number
103
3. Tata AIG General Insurance
Tata AIG General Insurance is a joint venture between the Tata Group and American International Group (AIG). The company offers motor, health, travel, home, and commercial insurance products, combining Tata's presence in India with AIG's global insurance expertise.
Key Features and Benefits
Digital policy purchase and renewal
Online claim registration facilities
AI-enabled claim assessment processes
Wide range of retail and commercial insurance solutions
Mobile and web-based policy servicing
IRDAI Registration Number
108
4. Liberty General Insurance
Liberty General Insurance is a private sector insurer offering motor, health, travel, home, and commercial insurance products. The company focuses on digital accessibility and customer-centric insurance solutions across India.
Key Features and Benefits
Online policy purchase and renewal
Digital claim intimation and tracking
Multiple customer support channels
Wide range of insurance products
User-friendly policy servicing platform
IRDAI Registration Number
150
5. Cholamandalam MS General Insurance
Cholamandalam MS General Insurance is a joint venture between the Murugappa Group and Mitsui Sumitomo Insurance Group of Japan. The company offers a comprehensive range of insurance products across motor, health, travel, and commercial segments.
Key Features and Benefits
Extensive presence across urban and rural markets
Online policy purchase and renewal
Digital claim registration facilities
Strong distribution network
Comprehensive motor insurance offerings
IRDAI Registration Number
123
6. Zurich Kotak General Insurance (Formerly Kotak Mahindra General Insurance)
Zurich Kotak General Insurance was formed after Zurich Insurance Group acquired a majority stake in Kotak Mahindra General Insurance in 2024. The company combines Zurich's global insurance expertise with Kotak's presence in the Indian financial services sector.
Key Features and Benefits
Global underwriting expertise through Zurich Insurance Group
Digital policy management platform
Online claim registration and tracking
Wide range of motor and non-motor insurance products
Technology-driven customer service experience
IRDAI Registration Number
152
7. Shriram General Insurance
Shriram General Insurance is part of the Shriram Group and offers a range of general insurance products across India. The company has a strong presence in motor insurance and serves customers across urban, semi-urban, and rural markets.
Key Features and Benefits
Strong distribution network across India
Online policy purchase and renewal
Motor insurance-focused expertise
Digital claim support facilities
Multiple customer service channels
IRDAI Registration Number
130
8. Go Digit General Insurance
Go Digit General Insurance is a technology-driven insurer backed by Fairfax Financial Holdings. Founded in 2017, the company is known for its paperless processes, simplified policy documentation, and digital-first approach to insurance services.
Key Features and Benefits
Paperless policy issuance and claim processes
Smartphone-based damage assessment
Digital policy management
Online claim tracking facilities
Simplified policy documentation
IRDAI Registration Number
158
9. IFFCO Tokio General Insurance
IFFCO Tokio General Insurance is a joint venture between the Indian Farmers Fertiliser Cooperative (IFFCO) and Tokio Marine Group of Japan. Established in 2000, the company offers a broad portfolio of motor, health, travel, home, and commercial insurance products across India.
Key Features and Benefits
Joint venture between IFFCO and Tokio Marine
Online policy purchase and renewal
Digital claim registration facilities
Pan-India service network
Wide range of retail and commercial insurance products
IRDAI Registration Number
106
10. United India Insurance
United India Insurance is a government-owned general insurance company headquartered in Chennai. Established in 1938, it is one of India's oldest insurers and offers motor, health, travel, personal accident, and commercial insurance products across the country.
Key Features and Benefits
Government-owned insurer
Extensive branch network across India
Online policy renewal facilities
Wide range of insurance products
Long-standing presence in the Indian insurance market
IRDAI Registration Number
545
11. The Oriental Insurance Company
The Oriental Insurance Company is a public sector general insurer owned by the Government of India. Established in 1947, it provides motor, health, travel, personal accident, and commercial insurance products through an extensive nationwide network.
Key Features and Benefits
Government-owned insurer
Nationwide branch presence
Online policy servicing options
Diverse portfolio of insurance products
Decades of experience in the insurance sector
IRDAI Registration Number
556
12. SBI General Insurance
SBI General Insurance is a joint venture between the State Bank of India and Insurance Australia Group (IAG). Established in 2010, the company offers motor, health, travel, home, and commercial insurance products through a combination of digital and branch-based distribution channels.
Key Features and Benefits
Backed by State Bank of India
Digital policy purchase and renewal
Online claim registration and tracking
Wide distribution network across India
Comprehensive range of insurance products
IRDAI Registration Number
144
13. National Insurance Company
National Insurance Company is one of India's oldest public sector general insurers, established in 1906. The company offers a wide range of insurance products, including motor, health, travel, personal accident, and commercial insurance.
Key Features and Benefits
IRDAI Registration Number
58
14. Royal Sundaram General Insurance
Royal Sundaram General Insurance is one of India's earliest private sector general insurance companies. The company provides motor, health, travel, home, and commercial insurance products and is a subsidiary of Sundaram Finance.
Key Features and Benefits
One of India's first private general insurers
Online policy purchase and renewal
Digital claim support
Wide range of retail insurance products
Strong focus on customer service
IRDAI Registration Number
102
15. The New India Assurance
The New India Assurance is a government-owned general insurance company established in 1919. It is one of India's largest insurers and operates both in India and several international markets, offering a wide range of general insurance products.
Key Features and Benefits
IRDAI Registration Number
190
16. Universal Sompo General Insurance
Universal Sompo General Insurance is a joint venture between Indian Bank, Karnataka Bank, Dabur Investment Corporation, and Sompo Japan Insurance. The company offers motor, health, travel, personal accident, and commercial insurance products across India.
Key Features and Benefits
Backed by Indian banking and international insurance partners
Online policy purchase and renewal
Digital claim registration facilities
Wide range of insurance products
Nationwide service presence
IRDAI Registration Number
131
17. Zuno General Insurance (Formerly Edelweiss General Insurance)
Zuno General Insurance, formerly Edelweiss General Insurance, rebranded in 2022 as part of its digital-first strategy. The company offers motor, health, travel, and personal accident insurance products through a technology-driven platform.
Key Features and Benefits
Digital-first insurance platform
Paperless policy management
Online claim registration and tracking
Simplified insurance processes
Mobile and web-based servicing
IRDAI Registration Number
159
18. Bajaj General Insurance (Formerly Bajaj Allianz General Insurance)
Bajaj General Insurance, formerly Bajaj Allianz General Insurance, adopted its new identity following Bajaj Finserv's acquisition of Allianz SE's stake in 2025. The company continues to offer motor, health, travel, home, and commercial insurance products across India.
Key Features and Benefits
Part of the Bajaj Group
Online policy purchase and renewal
Digital claim support
Wide range of insurance products
Strong distribution network
IRDAI Registration Number
113
19. ICICI Lombard General Insurance
ICICI Lombard General Insurance is one of India's largest private sector general insurance companies. The company offers motor, health, travel, home, personal accident, and commercial insurance products with a strong focus on technology-enabled services.
Key Features and Benefits
Technology-driven policy servicing
Online claim registration and tracking
Digital policy management
Wide range of retail and commercial insurance products
Nationwide service network
IRDAI Registration Number
115
20. Generali Central Insurance (Formerly Future Generali India Insurance)
Generali Central Insurance, formerly Future Generali India Insurance, operates as a joint venture between Generali Group and Central Bank of India. The company offers motor, health, travel, home, and commercial insurance products under its updated brand identity.
Key Features and Benefits
Backed by Generali Group and Central Bank of India
Online policy purchase and renewal
Digital claim registration facilities
Wide product portfolio
Nationwide customer service network
IRDAI Registration Number
132
21. Acko General Insurance
Acko General Insurance is a digital-first insurer founded in 2016. The company operates through a direct-to-customer model and offers motor, health, travel, and embedded insurance products through its digital platform.
Key Features and Benefits
Fully digital insurance platform
Paperless policy purchase and servicing
Online claim registration and tracking
Mobile app-based policy management
Direct-to-customer operating model
IRDAI Registration Number
157
22. Magma General Insurance (Formerly Magma HDI General Insurance)
Magma General Insurance, formerly Magma HDI General Insurance, adopted its new identity in 2025 following changes in shareholding. The company offers motor, health, personal accident, home, and commercial insurance products across India.
Key Features and Benefits
Wide range of retail and commercial insurance products
Online policy purchase and renewal
Digital claim support facilities
Pan-India distribution network
Multiple insurance solutions across segments
IRDAI Registration Number
149
23. Raheja QBE General Insurance
Raheja QBE General Insurance is a general insurance company backed by QBE Insurance Group, a global insurer headquartered in Australia. The company offers motor, health, travel, personal accident, and commercial insurance products in India.
Key Features and Benefits
Backed by QBE's global insurance expertise
Online policy servicing
Digital claim registration facilities
Broad insurance product portfolio
Presence across retail and commercial segments
IRDAI Registration Number
141
24. Navi General Insurance
Navi General Insurance is a digital-first insurer that offers motor, health, and travel insurance products through technology-driven platforms. The company focuses on providing simplified and accessible insurance solutions through online channels.
Key Features and Benefits
Digital-first insurance experience
Online policy purchase and renewal
App-based policy management
Simplified buying process
Technology-enabled customer service
IRDAI Registration Number
155
How to Compare Bike Insurance Companies in India
Comparing the top bike insurance companies in India can help you choose an insurer that offers the right balance of coverage, affordability, and customer support. While premium cost is an important factor, it should not be the only criterion. To make an informed decision, compare bike insurance companies based on the following factors:
1. Claim Settlement Ratio (CSR)
The Claim Settlement Ratio indicates the percentage of claims settled by an insurer during a financial year. Comparing CSR figures can help you assess the claim settlement performance and reliability of different bike insurance companies.
2. Cashless Garage Network
A strong cashless garage network can make the repair process more convenient. When comparing insurers, check whether they have authorised garages in your city or areas where you frequently ride.
3. Coverage and Policy Benefits
Coverage features can vary across insurers. Compare the inclusions, exclusions, and policy benefits offered by different bike insurance companies to understand the level of protection available.
4. Customer Support Services
Customer service can play an important role during policy servicing and claim settlement. Compare the availability of support channels and the overall service experience offered by different insurers.
5. Premium and Overall Value
While premium is an important factor, it should be evaluated alongside coverage, policy benefits, and claim support. Comparing overall value can help you make a more informed decision.
6. Digital Services
Many bike insurance companies offer online policy purchase, renewal, premium payment, and claim tracking facilities. Comparing digital capabilities can help you choose an insurer that offers a more convenient policy management experience.
Why Claim Settlement Ratio Matters in Bike Insurance
The Claim Settlement Ratio (CSR) is a metric that represents the percentage of claims a two 2 insurance company has settled out of the total claims received during a financial year. It is calculated as:
CSR = (Number of Claims Settled ÷ Total Number of Claims Received) × 100
For example, if an insurer receives 10,000 claims in a year and settles 9,700 of them, the bike insurance CSR would be 97%.
A higher CSR is generally considered favourable because it indicates:
A stronger track record of settling claims
Greater reliability during accidents or theft-related claims
Lower chances of claim disputes or rejections
Better confidence in the insurer's claims handling process
While CSR is an important factor when comparing bike insurance companies, it should be evaluated alongside coverage, cashless garage network, customer support, and policy benefits. Policyholders should refer to the latest IRDAI data before making a purchase decision.
Common Mistakes to Avoid While Choosing the Best 2 Wheeler Insurance Company
Choosing the wrong bike insurance company can affect your coverage and claim experience. Here are some common mistakes to avoid:
1. Choosing Based Only on Premium
A low premium may seem attractive, but it can come with limited coverage and fewer policy benefits. Always compare the overall value offered by the policy.
2. Ignoring the Claim Settlement Ratio (CSR)
The CSR indicates an insurer's claim settlement performance. Comparing the latest CSR figures can help you assess the reliability of a bike insurance company.
3. Not Checking the Cashless Garage Network
A strong cashless garage network can make repairs more convenient and reduce out-of-pocket expenses during claims.
4. Overlooking Policy Exclusions
Many policyholders focus on what is covered and ignore exclusions. Reviewing policy terms carefully can help avoid surprises at the time of a claim.
5. Not Comparing Multiple Insurers
Comparing different bike insurers based on coverage, claim settlement record, customer support, and policy benefits can help you find a policy that best suits your needs.
6. Ignoring Customer Support Quality
Efficient customer service can make policy servicing and claim settlement much smoother, especially during emergencies.
7. Not Verifying the Insurer's Credentials
Always ensure that the company is an IRDAI-approved bike insurance company and verify its details before purchasing a policy.
8. Overlooking Digital Services
Online policy purchase, renewal, and claim tracking can improve convenience and make policy management easier.
