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Two Wheeler Insurance

Two wheeler insurance is a legal agreement between you and the insurance company. This insurance policy protects you from expenses and repair costs that you may face as a result of an accident, theft, or natural disaster or human-made events like riots and legal liability towards a third party/person/property.

Be it a motorcycle, moped, scooter or any other vehicle with two wheels, a comprehensive bike/two wheeler insurance coverage plan will provide ample protection to you, your bike and any other third party involved in an accident. Comprehensive Two Wheeler Insurance or two-wheeler insurance plan is the best friend for you and your motorbike.

Two-wheeler insurance or bike insurance plan covers your financial damages upto the extent of the:

IDV (Insured Declared Value = Current Market Value of the vehicle).

How to Buy Two-Wheeler Insurance Plans Online on Coverfox?

Buying a two-wheeler insurance policy online instantly on Coverfox is easy and simple, just follow the steps mentioned below:

  • Step 1: Scroll to the top of the page.
  • Step 2: Enter the details required.
  • Step 3: Select your city and your RTO zone.
  • Step 4: Choose the two-wheeler manufacturer, model & variant of your bike.
  • Step 5: Enter the year of vehicle manufacturer.
  • Step 6: Premium quotes from various insurers will be displayed.
  • Step 7: Select the plan best fitting your needs.
  • Step 8: Choose add-on covers that you want
  • Step 9: Enter the required personal details.
  • Step 10: Pay premium through options like internet banking, debit/ credit cards.
  • Step 11: The policy will be issued and emailed to your registered email id.

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Buy/Renew Two Wheeler Insurance Plans Online

How to Renew Two-Wheeler Insurance Plans Online on Coverfox?

Renewing a two-wheeler insurance policy online instantly on Coverfox is easy and simple, just follow the steps mentioned below:

  • Step 1: Go to the renewal section
  • Step 2: Enter your bike registration number & other relevant required information.
  • Step 3: Choose the two-wheeler insurance plan that best fits your requirement.
  • Step 4: Select the add-ons or change the IDV. You can change IDV as per your requirement. Your IDV should be 10% less than the previous years.
  • Step 5: Now you will see the premium amount that you need to pay.
  • Step 6: Choose from the given modes of online payment to pay the premium amount.
  • Step 7: Once the payment is done, your policy renewal is completed.

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Types of Two-Wheeler Insurance Plans in India

There are two categories of two-wheeler insurance plans offered by insurers in India.

Comprehensive Two Wheeler Insurance
  • Comprehensive two wheeler insurance protects the rider against any own damage to his vehicle in addition to the third-party legal liabilities. It shields your vehicle from incidents of natural calamities, fire, theft, accidents, and man-made disasters. It also includes personal accident cover.
  • Third-Party Two Wheeler Insurance
  • Third-party two wheeler insurance protects the rider against all the legal responsibilities that arise out of causing damage to the third party. The third-party, here, can be property or an individual. It also covers you from your liabilities towards causing accidental injuries to a third-party person, including his death or chronic disability.
  • Which is Better? - Comprehensive or Third Party Cover?

    Here is a comparison of Comprehensive vs Third Party Cover Two Wheeler Insurance Plans:

    What is Covered? Third-Party Comprehensive
    Third-Party Vehicle Damage
    Third-Party Property Damage
    Personal Accident Covered
    Own Vehicle Damage
    Vehicle Theft
    Fire Damage
    No Claim Bonus
    Cashless Claim
    Damage from Natural Calamities
    Engine Protection
    Through Add-on
    Zero Depreciation Cover
    Through Add-on
    NCB Protection
    Through Add-on
    Invoice Cover
    Through Add-on

    Top Two-Wheeler Insurance Plans in India for 2021

    Here is a comprehensive list of the best two-wheeler/bike insurance plans, the insurers, their respective Incurred Claim Ratio (ICR) and a number of cashless garages across India.


    Two-wheeler Insurance Provider Cashless Garages Third-party Cover Personal Accident Cover
    Bajaj Allianz Two Wheeler Insurance
    4500+
    Yes
    Rs. 15 Lakh
    Bharti AXA Two Wheeler Insurance
    5200+
    Yes
    Rs. 15 Lakh
    Digit Two Wheeler Insurance
    1000+
    Yes
    Rs. 15 Lakh
    Edelweiss Two Wheeler Insurance
    1500+
    Yes
    Rs. 15 Lakh
    HDFC ERGO Two Wheeler Insurance
    6800+
    Yes
    Rs. 15 Lakh
    IFFCO TOKIO Two Wheeler Insurance
    4300+
    Yes
    Rs. 15 Lakh
    Kotak Mahindra Two Wheeler Insurance
    Available
    Yes
    Rs. 15 Lakh
    Liberty Two Wheeler Insurance
    4300+
    Yes
    Rs. 15 Lakh
    National Insurance Two Wheeler
    Available
    Available
    Rs. 15 Lakh
    New India Assurance Two-Wheeler Insurance
    1173+
    Available
    Rs. 15 Lakh
    Navi Two-Wheeler Insurance
    Available
    Available
    Rs. 15 Lakh
    Oriental Two-Wheeler Insurance
    Available
    Available
    Rs. 15 Lakh
    Reliance Two Wheeler Insurance
    430+
    Available
    Rs. 15 Lakh
    SBI Two Wheeler Insurance
    Available
    Available
    Rs. 15 Lakh
    Shriram Two Wheeler Insurance
    Available
    Available
    Rs. 15 Lakh
    TATA AIG Two Wheeler Insurance
    5000+
    Available
    Rs. 15 Lakh
    United India Two-Wheeler Insurance
    500+
    Available
    Rs. 15 Lakh
    Universal Sompo Two-Wheeler Insurance
    3500+
    Available
    Rs. 15 Lakh

    Disclaimer: *The incurred claim ratio is sourced from the IRDAI Annual Report 2018-19. Coverfox does not endorse, rate, or recommend any particular insurer or insurance product offered by an insurer.

    Its Simple and Instant

    What are Two-Wheeler Insurance Add-ons?

    An add-on is a rider that can be attached to your comprehensive two-wheeler insurance plan. You can purchase numerous riders at the cost of an additional premium. The purpose of an add-on is to enhance the cover offered by your existing two wheeler plan or provide a unique valued added-benefit.

    Zero Depreciation Cover

    • Zero depreciation cover removes any deduction on the account of depreciation at the time of claim settlement, and then the full amount is paid to the insured.

    No Claim Bonus

    • No claim bonus is applicable only if no claims are made within a policy term. NCB Protect allows you to recollect your NCB and get a discount at the time of renewals, even if you file a claim during your policy tenure.

    • Emergency Roadside Assistance Cover

    • This cover allows you to avail of emergency roadside assistance from your insurance company. It includes tyre changes, minor repairs on-site, towing charges, lost key assistance, battery jump-start, replacement key, and fuel arrangement, etc.

    • Return to Invoice

    • If there is a total loss, then your insurance company will pay the Insured Declared Value (IDV) of your bike. This add-on bridges the gap between the IDV and the on-road price of your vehicle.

    Why Do You Need Two Wheeler Insurance in India?

    As mentioned above, a two-wheeler insurance plan is a form of insurance cover for your motorbike. In India, it is mandatory by law as laid down in the Indian Motor Vehicles Act, 1988 to have a basic third party liability only two-wheeler insurance plan. To help you understand better, think about the following situation:

    • A bike accident can cost a fortune!
    • Indian roads are not rider friendly at all!
    • There are strict traffic penalties!
    • You can also win a free trip to jail for 3 months
    • There might be legal consequences for unsafe riding!
    • Hospitalization for medical and accidental treatment is expensive!

    Therefore, It is better to stay protected at all times.

    Get Discounts Upto 75%

    Renew Expired Two-Wheeler Insurance Online on Coverfox

    An expired insurance plan means you are no more covered by the insurer for any damages or any legal liabilities. You must renew the policy before it is expired:

    You can renew your expired two-wheeler insurance online:

    • Switch the Insurer: If you were not happy with your previous insurance company, you can just switch to another. Policy renewal is the best time to review your cover as well as the insurer.
    • Go Online: Renewing a policy online is easy, fast, and safe. Just go to the renewal section of Coverfox and provide the required details of your vehicle. Select the type of two wheeler insurance plan from the available options.
    • Buy Policy and Stay Insured: If the premium offered to you is suitable to your budget, make the payment online. Every insurance company offers a safe payment option through an online payment gateway, where your confidential details are kept safe.

    Key Features of Having a Two-Wheeler Insurance Policy

    Following are some of the key features of two-wheeler insurance plans:

    Feature Cover offered
    Own Damage Cover Offers financial protection against damage incurred by your two-wheeler
    Liability Cover Covers financial obligation against third party and property due to their death, disability and property destruction from an accident
    Personal Accident Cover Rs. 15 lakh cover for you payable in case of death or disability due to an accident.
    Add-Ons Zero depreciation, No Claim Bonus Protection Cover, Engine Cover, Return to Invoice and more for added protection.

    Its Simple and Instant

    What are the Benefits of Two-Wheeler Insurance?

    There are many uncertainties while riding a two-wheeler. These situations may cause damage to your two-wheeler and even injuries to you. To stay secure from all such incidents, it is important to have valid two-wheeler insurance.

    Let’s have a look at the benefits you get from buying two-wheeler insurance:

    ● Mental Peace:

    • Accidents and damage to your vehicle can lead to huge repair charges. If you have two-wheeler insurance, your insurance company will take care of the unwanted expenses, giving you peace of mind.

    ● All Vehicle Types:

    • It protects against the damages caused to the motorcycle, scooter, or moped. Also, the vehicles have been improvised and are available with better features.

    ● Replacement Cost:

    • The increasing demand for bikes has led to a rise in the cost of its parts. Thus two-wheeler policy covers the cost of spare parts, including bolts and nuts or parts such as the gears which have become costlier than before.

    ● Financial Security:

    • Two-wheeler insurance offers financial support that helps save a lot of money. Even small damages can cost thousands of rupees. A two wheeler insurance plan helps you get the damages repaired without spending much from your pocket.

    ● Personal Injury due to an Accident:

    • It covers expenses towards any injuries along with damages caused to your vehicle in an accident.

    ● Roadside Assistance:

    • At the time of purchasing the policy purchase, you can opt for a roadside assistance add-on that will come to your aid in case you need assistance on the road. This includes services such as minor repairs, towing, tyre changing, etc.

    Get Discounts Upto 75%

    What is Covered Under Two-Wheeler Insurance Policy?

    Below is the list of inclusions under a two-wheeler insurance policy:

    • Damage Caused by Natural Calamities
    • Any damage due to natural calamities, such as thunder-lightning, flood, earthquake, cyclone, hurricane, cyclone, typhoon, storm, tempest, inundation, hailstorm, landslide, and rockslides, among others will be covered.

    • Damage Due to Manmade Calamities
    • It offers coverage against various man-made disasters, such as riots, inland waterways, terrorist activity, malicious acts, and any damages caused in transit by rail, lift, road, elevator, or air, among others.

    • Own Damage Cover
    • This cover protects the insured vehicle against any loss or damage caused by the means of natural calamities, man-made calamities, fire & explosion, or theft.

    • Personal Accident Coverage
    • This cover of up to Rs. 15 lakh is available for injuries to the rider that may result in temporary or permanent disabilities. You can also avail optional personal accident cover for the co-passengers.

    • Theft or Burglary
    • The Two-wheeler insurance company will provide the IDV to the owner in case the insured bike or scooter is stolen.

    • Third-Party Liability
    • It provides cover against any legal loss of money that may occur due to injuries to a third party which may have even led to his demise. Likewise, it also protects against any damage caused to any third-party property.

    • Fire & Explosion
    • It covers losses or damage caused due to self-ignition, fire, or an explosion.

    What is Not Covered Under Two-Wheeler Insurance Policy?

    Here is a list of exclusions under a two-wheeler insurance plan:

    • Loss from mechanical/electrical breakdowns.
    • Any damage to the tyres and tubes in the normal course of running.
    • Damage caused due to normal wear and tear of the vehicle.
    • Any loss occurred while the bike was being used beyond the scope of coverage.
    • Any consequential loss from regular use.
    • Any damage caused due to the driver who is driving under the influence of drugs or alcohol.
    • Any loss incurred due to war or mutiny or nuclear risk.
    • Loss/damage incurred when the bike was being driven by a person without a valid driving license.

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    How Much Does Third-Party Two Wheeler Insurance Cost in India?

    IRDAI determines the premium rates applicable for a two-wheeler third-party insurance plan. This premium amount is calculated based on the engine capacity of your bike or two-wheeler.

    Calculate two wheeler insurance premium online on Coverfox for free.

    Third-Party Insurer Premium Rates

    Vehicle Type 2018-19 2019-20 Percentage of Increase (%)
    Vehicle not exceeding 75c
    Rs. 427
    Rs. 482
    12.88%
    Exceeding 75cc to 150cc
    Rs. 720
    Rs. 752
    4.44%
    Exceeding 150cc to 350cc
    Rs. 985
    Rs. 1193
    21.11%
    Exceeding 350cc
    Rs. 2323
    Rs. 2323
    No change

    Get Discounts Upto 75%

    Why Buy Two-Wheeler Insurance Online on Coverfox?

    Mentioned below are some important facts which you can consider before buying two-wheeler insurance online from Coverfox.com and also avail certain additional benefits:

    • Save Money: We do not charge any extra amount!
    • Super Fast Policy Delivery: With Coverfox, get a comprehensive online two-wheeler insurance coverage plan in 5 minutes.
    • Online Claim Settlement: The entire process of claim settlement is fast, convenient and hassle-free.
    • Digital Documentation: All of your KYC documents are digitally stored and secured. There is no need for physical inspection.
    • Previous Policy Expired: No problem, we do not ask details for your previous expired bike plan (more than three months)
    • Customer Support: Call us on 1800 209 9930 and let us handle the rest.
    • Complete Paperless Online Process: Buy, compare and renew best bike cover plans online on Coverfox.

    How to Compare Two-Wheeler Insurance Plans Online on Coverfox?

    It is recommended that you compare various companies' plans before finally purchasing an insurance plan. You must check the following points beforehand:

    • Type of Two-Wheeler Insurance: Many motor insurers offer both third-party and comprehensive policy. A comprehensive plan is apt for those who are looking for full-proof coverage against the risks.
    • Add-On Covers: Add-on covers include pillion rider cover, zero depreciation cover, emergency roadside assistance, personal accident cover, medical cover, and accessories cover. The insured only needs to make payment for the premium for the service charges and taxes in terms of cashless claim settlement.
    • Facilities and Features Available: Insurers offer various benefits to help consumers in the claim process. For example, a call centre that operates round the clock, professionals who can guide and help you in selecting the right policy and also assist in policy renewal and transfer of NCB.
    • Claim Process: Most insurers follow a customer-friendly claim-settlement procedure. They offer professional assistance to the insured to take their vehicle to the nearest authorized service centre and take care of the repairs.
    • Renewal Process: Purchasing a two-wheeler insurance policy online is an easy option. You can simply renew and download the policy copy from the website and keep the RC and other important documents.
    • Discounts Available: It is wise to choose companies that offer discounts, such as no claim bonus, installation of anti-theft devices, and so on. Some companies offer an additional discount for purchases made through certain apps or credit cards, online policy renewal, etc.

    Its Simple and Instant

    How to Claim Two-Wheeler Insurance?

    There are two ways of filing a Two Wheeler Insurance Claim with your two-wheeler insurer online.

    • Cashless Claim

      In case of cashless claim settlement, the claim amount will be paid directly to the network garage where your vehicle repairs were done. This service can be taken only at network garages of your insurance company.

    • Reimbursement Claim

      A reimbursement claim can be made if you get the repairs done at a garage, which is not on your insurer’s list of network garages. In this case, you are supposed to pay the repair expenses and will later have to file for reimbursement with your insurance company.

    Its Simple and Instant

    Two-Wheeler Insurance Claim Settlement Process

    Here are the steps involved in the claim settlement process for cashless and reimbursement claim for your bike:

    Cashless Claim Settlement Process

    • Inform your insurance company about the accident.
    • A survey will be conducted to evaluate the damage.
    • Fill in the claim form and provide the required documents.
    • Then, the insurer will approve the repair.
    • Your bike will be repaired at one of the network garages of your insurance company.
    • After repairs, your insurer will pay the repair charges directly to the garage.
    • You are only required to pay the deductibles or non-covered expenses (if any).

    Reimbursement Claim Settlement Process

    • File the claim with your insurance company.
    • Fill up the claim form and provide all the documents required.
    • A survey will be conducted to evaluate the repair cost.
    • Give your vehicle to be repaired at a non-approved garage.
    • Clear the bill with the garage.
    • Submit all the bills, receipts as well as ‘proof of release’ to the insurance company.
    • Once the claim is approved, the approved amount will be paid to you as a reimbursement.
    Documents Required for Filing a Claim for Your Two-Wheeler
    • Duly signed claim form.
    • Copy of Vehicle Registration Certificate or RC of your bike.
    • Copy of your driving license.
    • Copy of Police FIR (in case of accidents, theft, and third-party liabilities) Repair bill and payment of receipt in original Proof of release.

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    Two Wheeler Insurance - Its Simple

    See How It Works in This Video
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    Frequently Asked Questions

    • Q. How to check two wheeler insurance status?
      • You can follow any of these steps to check your two wheeler insurance policy status:

        • Login with your registered user ID and Password on the insurer’s official website
        • You can also down the mobile app of the insurer
        • Many insurer’s also provide SMS and missed call facility
        • Contact the customer service department via phone or email
        • Contact your agent/broker who sold you the policy
    • Q. What is IDV in two-wheeler insurance?
      • IDV is the Insured Declared Value of your two wheeler. It is the:

        • Maximum value an insurer will compensate you for complete total loss or theft of your bike
        • It is the current market value of your vehicle
        • It is fixed during the time of policy purchase
        • It is subject to depreciation
    • Q. How to get a copy of my two-wheeler insurance policy online?
      • You can get a copy of your two wheeler insurance policy document via any of the following ways:

        • Login to your insurer’s website and request for a new policy document
        • Contact the customer service via email and phone for the same
        • You can also visit the insurer's branch and raise a request in person
        • You can download a soft copy from the mobile app of the insurer
    • Q. How do I raise a two wheeler insurance claim?
      • Please follow these steps to raise a two wheeler insurance claim:

        • Contact your family members and your bike insurer immediately
        • In case of a severe accident, contact the police as well
        • Intimate a claim with your insurer via phone or email
        • File a FIR at the nearest police station
        • You can send your bike to the nearest cashless garage
        • The surveyor will inspect your bike for damage assessment
        • Post assessment, your insurer will settle the claim directly
        • Ensure that you submit all the relevant forms, documents, bills and invoices
    • Q. What is NCB in Two wheeler insurance?
      • An NCB is a No Claim Bonus. It is:

        • A discount given on the premium amount during the time of renewal
        • Applicable only if you have not made any claim in the previous year
        • It can be transferred from one insurer to another
    • Q. What is an insurance premium?
      • Insurance premium is the amount you pay:

        • To protect your bike from third party liability damage or own damage
        • To get the comprehensive cover for your bike
        • It can be paid on an annual/semi-annual/monthly basis
    • Q. What is Long term two wheeler insurance?
      • A long term two wheeler insurance is a type of two wheeler insurance that:

        • Has a validity of 2 to 3 years
        • You need not have to worry about annually renewals or rise in premium amount
        • You get a discount on the premium amount
        • Your IDV and third party liability of the vehicle remains intact
    • Q. How to find my two wheeler insurance policy number?
      • You can find your two wheeler insurance policy number via any of the following methods:

        • By looking in your policy document
        • The policy details are also sent via email
        • Contact your broker/agent/distributor who sold you the policy
        • Login to the official website of the insurance provider
        • Contact the customer service team via email or telephone
    • Q. What are the benefits of buying a two-wheeler insurance policy online?
      • Here are the top 5 benefits of purchasing a bike insurance plan online:

        • Quick online payment via netbanking/internet banking
        • Instant policy delivery
        • Complete paperless buying process
        • Cashless facility available
        • You can easily compare, buy and renew with add-ons from top insurers
    • Q. Why two wheeler insurance policy is mandatory in India?
      • As per the Indian Motor Vehicles Act, 1988, all vehicles plying on the Indian roads must have a third party liability cover. The liability bike insurance policy is mandatory to ensure that in case of a road accident, the person being injured or property being damaged by your vehicle is compensated.

    • Q. What is a personal accident cover in a two wheeler insurance policy?
      • When you buy a mandatory third-party two wheeler insurance, you get a personal accident cover of up to Rs.1 lakh for a premium of Rs.50. A pillion rider/passenger accident cover is optional and can be opted by paying an additional premium.

    • Q. What is cashless two wheeler insurance policy?
      • At the time of claims with a cashless two wheeler insurance policy, you can opt for cashless garage service through any of the authorised network garage of your insurer where you can get your two wheeler repaired without paying any cash.

    • Q. How to buy two wheeler insurance for a second hand bike?
      • Buying a second hand two wheeler insurance can be a tricky thing. However, we have written an article so that you can avoid all the possible mistakes. Read - Buying Bike Insurance: Mistakes you Will Never Make Again

    • Q. What is first, second and third party insurance?
      • In an insurance policy, the insured or the policyholder is referred to as the first party. The first party is eligible to receive the pre-determined sum assured from his/her insurance company, which is known as the second party, in the case of a loss, injury or accident that may be caused by you to any another entity is known as the third party.

    • Q. Will the premium for my two-wheeler increase after a claim?
      • Once you make a claim for your two-wheeler, you lose out on NCB (No Claim Bonus). Hadn’t you raised a claim, you could have availed NCB, thus reducing your premium in the next policy year. But if you did, sadly, the premium automatically increases the following year

    • Q. Can I change my current two wheeler insurance provider?
      • Yes, you can change your current two wheeler insurance provider and buy a policy from another insurance company.

    Customer Reviews
    Average Customer Rating:
    Two Wheeler Insurance: Compare & Renew Bike Insurance Online 4.5 / 5 ( 313 reviews )
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    Dharmendra Verma
    Nice Product
    I like this product this is one of the best product.
    28 Jun 2020
    ASHWINI PRASHANTBHUJBAL
    Waiting fro Policy Document
    I have not received hard copy of car policy no. 131300/31/2020/1651 renewed on 4th April2019. Hope I will receive hard copy from coverfox for this policy in next few days.
    07 Apr 2020
    Neetu
    Good Tool
    Please don't send too much promotional sms as insurance is not something which anyone buy on daily or monthly basis. A customer hardly buys insurance once or twice a year.
    07 Apr 2020
    ANUJ NARAINNAG
    Great User Experience
    Sometimes system error puts us in trouble like error in make and model of vehicle etc. But Coverfox people help us to rectify the same without any hassel Thank you very much
    30 Mar 2020
    ABHAEY ASHOKKKULTHE
    Coverfox is a preferred renewal platform
    I need to renew all my future insurance policies through COVERFOX. I do not find the option to enter my present policy details so that coverfox can intimate me for renewal.
    30 Mar 2020
    Balakrishna PrasadU
    Chat experience can be improved
    Good but call centre and chat executive we're not very helpful. Need to reduce background noise in c.c, also cc executive didn't give call back. As I am New to this platform.
    30 Mar 2020
    Ajay Gupta
    Best online site for insurance
    I always use coverfox for my bike’s insurance as the process is very smooth. The team never disappoint me, they give best quotes.
    21 Mar 2020
    jay
    Online easy - Two wheeler insurance company
    I was searching online bike insurance as I was not satisfied with my previous insurance. I got coverfox on google, it contain Multiple options for bike's insurance as per our requirement.
    15 Mar 2020
    Rajendra
    Thanks coverfox
    I have booked insurance from coverfox and I really thanks to insurance team for providing such a best policy for me. I will definitely recommend this to my friends.
    12 Mar 2020
    ANJAN BHATTACHARJEE
    Facing Technical issues
    Your system should be more user friendly and sometimes techninal error is coming and you need to concentrate on your techinal part so that customers can get more comfortable.
    12 Mar 2020
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