Varun raj
Renewing my bike insurance policy online was quick and easy
09 Jan 2025
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Imagine you've just bought your dream bike - sleek, powerful, and perfect for the open road. But what if a sudden mishap dents that joy? That’s where bike insurance steps in, serving as your financial safety net, which protects your bike from unforeseen mishaps or accidents. In India, you are required by law to have third-party bike insurance for legal compliance on the public road.
Two-wheeler insurance, or bike insurance, is a type of insurance policy that ensures financial protection of your bike, scooter or e-bike from damages and expenses caused by accidents, theft, natural disasters, man-made hazards, etc. It is a legal contract between the policyholder and the insurer, offering financial aid for damages as per the terms of the policy. It also covers third-party damage, wherein damage caused to another vehicle by your two-wheeler in an accident is covered. This is known as third-party liability cover, which is a mandatory insurance policy as per law. Riding without insurance on Indian roads can lead to fines of ₹2,000 to ₹4,000. For new two-wheeler owners, a 5-year third-party plan is mandatory to ensure legal compliance and avoid challans.
Coverfox makes choosing the right bike insurance simple and hassle-free. You can explore multiple plans, compare premiums from top insurers starting at just ₹457, and find coverage that suits your needs, all in one place. Whether you're buying a new policy or renewing an existing one, we ensure you get the best deal possible and guide you through every step of the process with complete ease.
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
The following types of two-wheelers can be covered under two-wheeler insurance online:
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| Feature | Description |
|---|---|
| Third-Party Cover | Covers legal liabilities arising from injury, death, or property damage to others. |
| Own-Damage Cover | Protection against damages to your own bike due to accidents, fire, theft, etc. |
| Personal Accident Cover | Offers financial protection to the rider/owner in case of injury or death up to ₹15 lakh. |
| Cashless Repairs | Get repairs done at network garages without upfront payments. |
| No Claim Bonus (NCB) | Discounts up to 50% on premium for claim-free years, helping you save money. |
| 24×7 Roadside Assistance | Support for breakdowns, flat tyres, battery issues, towing and more. |
| Easy Bike Insurance Renewal | Bike insurance renewal is easier than ever - under 3 minutes! |
| Add-On Covers | Customise your plan with extras like engine protection, zero depreciation, etc. |
| Legal Compliance | Ensures you're legally covered as per the Motor Vehicles Act, 1988. |
| Affordable Premiums | Flexible and budget-friendly plans for all bike types and usage. |
| Theft Cover | In case your bike is stolen or totalled, you will be compensated as per the IDV of your bike. |
| Customisable IDV | You can set your IDV for your bike and pay premiums accordingly. |
Disclaimer: Information is generic. For accurate information, please refer to your bike insurance policy.
In India, you can buy 3 types of two-wheeler insurance online: third-party (covers damage to others), own-damage (covers your bike), and comprehensive (covers both). Let’s have a detailed look at all of the types of two-wheeler insurance online.
When selecting a bike insurance policy, it’s important to understand the available options to choose the one that best fits your needs. Here’s a detailed look at the three main types of bike insurance policies:
In a third-party liability insurance, only the damages done to a third party (individual or property) are covered. A third party bike insurance is a mandatory policy that ensures that you are legally compliant and financially covered if your vehicle causes damage to a third party in an accident.
A comprehensive bike insurance gives all-around financial protection to the policyholder. It covers any damages done to the policyholder’s bike, any third-party liability and can be further customised using add-ons. It is recommended for people looking for new bike insurance to ensure complete financial security.
A standalone insurance policy or own-damage two wheeler insurance covers damages done to the policyholder’s vehicle only. No third-party liabilities will be covered under this type of insurance, so ensure to get a third-party insurance before buying a standalone cover plan. This is a cost-effective bike insurance plan.
Each bike insurance option comes with its own advantages and limitations. While third-party cover is the most basic requirement, a comprehensive plan offers wider protection for your two-wheeler. The table below will help you understand the differences between these plans and decide which one suits you best:
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Add-on covers in two-wheeler insurance online are optional enhancements that you can include with your comprehensive or standalone own-damage policy. Though they come at a small additional cost, these add-ons significantly boost the protection offered by your standard insurance plan. Here are some popular add-ons you can consider:
Due to passage of time your bike loses value due to depreciation, which can directly reduce the amount of settlement, at the time of claim. When you purchase a zero-depreciation bike insurance cover you do not have to compromise on the claim amount, as it foregoes the amount of depreciation on the parts made of nylon, plastic, and fibreglass. In the event of a claim settlement, the customer receives the full amount due without any deductions for depreciation. It is always advisable to get this add-on cover which will help you from any loss in claim, arising from depreciation of your bike or scooter.
Earn a discount on your premium for every claim-free year - this is known as the bike insurance no-claim bonus protection cover, which can go up to 50%. If you opt for an NCB Protection cover, you can still retain your bonus even if you file a claim during your policy term.
Breakdowns happen - but with 24x7 two wheeler roadside assistance add-on, help is always a call away. Whether it's a flat tyre, an empty fuel tank, lost keys, or minor repairs, this cover ensures emergency support, day or night, within the predefined limits of your policy.
In the unfortunate event your bike is stolen or completely damaged beyond repair, RTI cover in bike insurance ensures you receive the full on-road price (including taxes and registration) instead of the depreciated IDV. It bridges the gap between the current value and the original purchase cost.
Running a bike involves using parts that wear out over time - think engine oil, brake fluid, nuts, bolts, and more. Consumable cover add-on in two wheeler insurance ensures you’re reimbursed for the cost of these consumables during repairs, up to a set limit.
Personal accident (PA) cover in bike insurance is a mandatory add-on for bike owners, as per the guidelines set by IRDAI. It offers up to ₹15 Lakh coverage, ensuring financial support for the policyholder’s nominee in case of an accidental death. The cover also provides compensation for injuries or permanent disabilities sustained in a road accident.
Engine protection cover in bike insurance is ideal for riders in areas prone to floods or waterlogging, this cover safeguards your bike’s engine against damage from water ingression, lubricant leaks, and hydrostatic lock. It also covers critical engine components like pistons, crankshafts, and cylinders.
Pillion rider cover add-on extends protection to the person riding the pillion. In case of an accident, it provides financial coverage for their medical expenses or compensation in case of death or injury as specified in the policy.
Premium rates are the bike insurance prices that one needs to pay for a particular term (typically 1 year) to avail two-wheeler insurance services. This bike insurance price depends on the coverage plan selected, along with the add-ons, discounts, and on the make model of the bike. Since comprehensive coverage plans cover multiple things and can be heavily customised, we cannot pre-amptively determine its cost. However, price for third-party liability insurance is set by IRDAI based on cubic capacity of the bike, and power output in an e-bike and are as follows:
| Engine Capacity (CC) | Annual Premium (₹) | 5-Year Premium (₹) |
|---|---|---|
| Up to 75 cc | ₹538 | ₹2,901 |
| 75 cc to 150 cc | ₹714 | ₹3,851 |
| 150 cc to 350 cc | ₹1,366 | ₹7,365 |
| Above 350 cc | ₹2,804 | ₹15,117 |
| Motor Power (kW) | Annual Premium (₹) | 5-Year Premium (₹) |
|---|---|---|
| Up to 3 kW | ₹457 | ₹2,466 |
| Above 3 kW and up to 7 kW | ₹607 | ₹12,849 |
| Above 7 kW and up to 16 kW | ₹1,161 | ₹6,260 |
| Above 16 kW | ₹2,383 | ₹12,849 |
At Coverfox, we have trusted bike insurer companies, providing bike insurance with premiums starting at ₹457*, with a wide network of garages and high CSR. Below is the list of insurers that provide bike insurance through Coverfox in 2026 (in no particular order).
| Bike Insurance Company | Cashless Garages |
|---|---|
| Acko General Insurance Ltd. | 4,000+ |
| Bajaj General Insurance Ltd. | 7,200+ |
| Cholamandalam MS General Insurance Co. Ltd. | 16800+ |
| Generali Central Insurance Co. Ltd. | 6500+ |
| Go Digit General Insurance Ltd. | 9,000+ |
| HDFC ERGO General Insurance Co. Ltd. | 12200+ |
| ICICI Lombard General Insurance Co. Ltd. | 6900+ |
| IFFCO–Tokio General Insurance Co. Ltd. | 11800+ |
| Zurich Kotak General Insurance Co. Ltd. | 4600+ |
| Liberty General Insurance Ltd. | 6000+ |
| Magma General Insurance Ltd. | 4000+ |
| Navi General Insurance Ltd. | 900+ |
| National Insurance Co. Ltd. | 3100+ |
| The New India Assurance Co. Ltd. | 3000+ |
| The Oriental Insurance Co. Ltd. | 7926+ |
| Raheja QBE General Insurance Co. Ltd. | 1300+ |
| IndusInd General Insurance Company Limited | 11000+ |
| Royal Sundaram General Insurance Co. Ltd. | 7,600+ |
| SBI General Insurance Co. Ltd. | 9277+ |
| Shriram General Insurance Co. Ltd. | 2000+ |
| Tata AIG General Insurance | 10000+ |
| Universal Sompo General Insurance Co. Ltd. | 13500+ |
| Zuno General Insurance Ltd. | 3300+ |
Disclaimer: *Price for TP bike insurance for EV (Under 3kW) for 1 year. The bike insurance companies displayed above are in alphabetical order, and Coverfox does not endorse or favour any one company over the other. For an accurate list of bike insurers in India, you can refer to the IRDAI (Insurance Regulatory and Development Authority of India) website www.irdai.gov.in
Follow these steps to quickly estimate your bike insurance premium using an online calculator:
Visit the insurance calculator website and provide your bike’s make, model, variant, ex-showroom price, and year of purchase.
Select your city or RTO of registration and mention if you made any claims in the previous policy term.
The calculator will show the estimated premium instantly. Compare plans from multiple insurers and choose the one that suits you best.
The bike insurance premium is affected by various factors, that can increase or decrease the premium price:
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Bike insurance premiums are generally affordable, but without proper planning or smart use of benefits, they can become costly. Here are some effective tips to help you reduce your premium price:
Coverfox provides one of the best platforms to buy two wheeler insurance online. It is a one stop station where you can compare prices, coverages, calculate premium and get excellent after-sale support. Here is a more detailed breakdown of the benefits of buying two-wheeler insurance online through Coverfox:
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Comparing bike insurance policies online helps you determine the best possible policy for your two-wheelers. It ensures you take the right decision and do not regret later. Coverfox provides the best platform to compare bike insurers online. You can compare different insurer factors like reviews, claim settlement ratios, network garages etc online through Coverfox. Here are a few tips to compare insurers online:
If you are looking to buy bike insurance online for your two-wheeler or renew your existing policy, you have come to the right place. Coverfox provides everything you need while looking for a bike insurance policy. You can compare insurance prices, select add-ons, get discounts and everything can be done completely online! Just follow these simple steps:
Visit the Coverfox website.
Enter your bike details, including registration number and model.
If renewing, enter the expiry details of your previous bike insurance policy
Make a secure online payment.
Receive your policy instantly via email.
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Bike registration certificate (RC).
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Previous insurance details (for renewal).
Personal identification proof
Address proof
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Invoice of purchase of new bike (for new bike insurance)
Driving Licence
After you purchase bike insurance, at a point you might need to file for a claim. Filing a claim is basically asking the insurance to make you whole for an incident or a repair that is covered under your bike insurance policy. There are 2 types of claims, one is cashless claim the other is reimbursement claims. Here’s a thorough guide on how to file a claim against your bike insurer:
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Make sure to have the following documents ready when filing your two-wheeler insurance claim to ensure quick and smooth processing:
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Getting your bike insurance claims is frustrating and inconvenient. Here are common reasons why claims get rejected:
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Regularly checking bike insurance status ensures that your coverage is active and up to date, especially before renewing, claiming, or facing an emergency. Downloading the policy copy is equally crucial - it serves as official proof of two-wheeler insurance and helps you avoid penalties for riding without valid documentation. A digital policy is also easier to store, share, and retrieve anytime.
You can check and download your bike insurance policies bought through Coverfox by:
Go to www.coverfox.com and navigate to the Two-Wheeler Insurance section.
At the top-right corner, click Login, and sign in using your registered mobile number or email ID linked to your policy.
You’ll receive an OTP on your registered number. Enter it to securely log into your account.
Once logged in, go to your policy dashboard to view active and past policies, renewal dates, and claim history.
Locate your current two-wheeler insurance policy. Click the ‘Download’ or ‘View PDF’ button to get the digital copy.
Save the PDF file for future use, and optionally take a printout to keep a physical copy handy while riding.
Pro Tip: If you’ve purchased your policy through another insurer but want to renew via Coverfox, you can still use Coverfox to compare policies and get your renewed digital copy instantly.
Electric or e-bike insurance is a two-wheeler insurance plan designed specifically for electric scooters and motorcycles. While it covers common risks like accidents, theft, TP liability, and natural disasters, it also covers EV-specific risks like battery damage, charging-related damage, short-circuits, etc (as per policy terms).
Given the high cost and importance of EV components, this insurance can be enhanced with add-ons that protect parts like the battery, motor, charger, and other electrical systems, offering broader and more relevant coverage for electric bike owners.
| Difference | Electric Bike Insurance | Regular Bike Insurance |
|---|---|---|
| Key Parts Covered | Battery, motor, controller, charger (with add-ons) | Engine, gearbox, fuel system |
| Repair Considerations | Involves specialised handling for electrical components | Mostly mechanical repairs are handled at general garages |
| Risk Coverage | Covers risks like battery damage, short circuits, and electrical faults (if opted) | Covers engine damage, accidents, and fuel-related issues |
| Premium Basis | Calculated based on EV model, battery value, and insurer factors | Calculated based on engine capacity (cc), model, and age |
| Special Add-ons | EV-focused covers like battery protection, motor cover, charger protection | Add-ons like zero depreciation, engine protect, roadside assistance |
