- About Coverfox
30 FLAT SECONDS
With 25 bike insurers near me and 100+ products to choose from, Coverfox works actively to find a plan that is ideal for you. We mean, the best one. From providing you with all the right information to offering unbiased comparisons, we do it all. Hey, you don't even need to engage with the insurer yourself.
Licensed by IRDA IRDA/ DB 556/16
Coverfox offers a simple and instant process to buy and renew insurance policy online.
No Claim Bonus: it is a discount on the own damage premium of your insurance policy. It is offered by every insurance company for every claim-free year. For a first claim-free year, you get 20% discount on the own damage premium for the next year. It's cumulative and thus, keep on increasing with the number of claim-free years. This discount can go up to a maximum of 50% for 5 consecutive claim-free years.
Save Money: When you buy a long-term/multi-year third-party policy, you can save money on premiums. IRDAI changes the third-party policy premium every year. Generally, there's a price hike every year on third-party premium, which you don't have to pay as you lock the third-party premium for 3 years.
Engine CC: The higher the engine cubic capacity (CC) of two wheeler, the higher is the premium. Be ready to shell out money Royal Enfield riders!
Bike Make and Model: The more high-end the bike, the higher is the bike insurance premium you need to pay. That means you, Harley Davidson and Ninja owners!
Year of Manufacture: Since the rate of depreciation increases with number of years, older bikes have lower Insured Declared Value (IDV). And thus, lower premiums and vice versa.
Automobile Association of India: If you’re a member of the Automobile Association of India, approved by IRDAI, you are eligible for a discount of up to 2.5% on own-damage premium.
Anti Theft Device: If you install an anti-theft device on your bike, as approved by IRDAI, you get an additional 2.5% discount.
Voluntary Deductible Discount: If you decide to pay the minimum amount of money at the time of claim, the insurer offers a discount on the own-damage premium. The advantage is that if there’s no claim, you pay no extra cost and still save money by opting voluntary discount.
|Voluntary Deductible (Rs.)||Discount|
|500||5% on the OD premium of the vehicle, subject to a maximum of Rs 50/-||750||10% on the OD premium of the vehicle, subject to a maximum of Rs 75/-|
|1000||15% on the OD premium of the vehicle, subject to a maximum of Rs 125/-|
|1500||20% on the OD premium of the vehicle, subject to a maximum of Rs 200/-|
Coverfox has simplified the process of comparing insurance policies online.
Choosing bike was probably not that easy. After all, so many options.
However, choosing an insurance policy won't be that complicated. In fact, it's easy, simple, and straightforward.
No matter which or what type of two wheeler (scooter, scooty, bike, cruiser, sports bike, etc.) you ride, get a two wheeler policy.
But with so many two wheeler insurance companies offering different premium, the ideal way is to compare before buying one.
After entering the basic details of your two wheeler, all you have to do is click on – Get Quotes, based on the entered details, Coverfox will fetch quotes from different insurers for you. It’s that easy. Within a minute, policies offered by the different insurer will be displayed on your screen. You can check the details and compare various plans. It’s instant and simple.
Steps to Compare Two Wheeler Insurance Policies Online
Things You Should Consider While Comparing Two Wheeler Insurance Policies
Unique Benefits of Comparing Policies
A third-party insurance policy is valid only for one year, which needs to be renewed every year before the policy lapse.
However, a multi year two wheeler insurance policy is unique. With a long-term/multi-year insurance policy, you can cover your two wheeler for 3 years in a single policy.
You don't have to renew the insurance each year.
What's not included in your two wheeler insurance cover?
A third party two wheeler insurance cover is clearly limited. But there are some scenarios where even a comprehensive bike insurance policy with add-ons can't help:
How do you compare plans before choosing one?
We all know that too many options usually implies too much confusion. That is why, before choosing, one must compare plans on the basis of:
Please visit this link to compare two wheeler insurance policies.
What are the documents required to register a claim?
The sole purpose of buying insurance for your two wheeler is to get adequately compensated for any damages and losses. To ensure that you raise a successful claim, it’s necessary to keep all the relevant documents at hand. While insurance companies try their best to avoid pesky paperwork, here is a list of documents you need to have on you:
What is zero or nil depreciation add-on cover for your two wheeler?
At the time of claim, the insurance company does not pay the depreciable cost. Depreciable two wheeler parts such as rubber, plastic, metal are not fully covered. The depreciable cost as per the body parts are deducted at the time of claim repair, which the policyholder has to pay.
But with the help of zero depreciation add-on cover, you save money even on those depreciable parts at the time of claim repair. Because of this add-on cover, the insurance company pays the full amount of repair and/or replacement of depreciable parts (except tyre(s) and tube(s)).
How to make a claim on your bike insurance policy?
Required steps and supporting documents:
In case of Accident
In case of Two wheeler Theft
In case of Third Party Claims
There's no better way to put this, but the real answer is 'no'. With regulated pricing and premiums set by the IRDA, the prices you see here are the ones you see everywhere (lower prices elsewhere usually mean there's a possibility of hidden charges). The only difference? At Coverfox, we don't look for the cheapest price, we look for the right one.
Online payments can be a major hassle, but not with Coverfox. This is why you don’t need a Credit Card; you can make payments through just Net Banking or your ATM/Debit Card. Unfortunately, we can’t support cash on delivery or cheques, just because we want to keep it online and simple. We do allow for card-on-delivery payment though. But this only works in the case of customers with expired car insurance, where an inspection is required.
You'd get your policy before you finish reading this answer. It's THAT fast. Once you choose your product and make your payment, it’s sent to your inboxes right away. No hard copies, because we are also secret environmentalists. If by any chance there is a delay due to a medical check or an expired vehicle inspection, we promise that you’ll be informed in advance.
With our excellent Customer Service, we make sure that you never have to deal with the insurer personally. We make it that convenient. Our relationship with insurance companies ensures our dedication to every customer! In fact, we offer free claim assistance during emergencies to even those who may not have bought insurance policy from us. After all, Coverfox is simply a phone call away for anyone in need.
Here, we don’t take any sides (apart from yours) when it comes to insurers – in fact, we don’t even ask you for your contact details for comparing various products until you are convinced. You can say that we are always looking out for you – like the friend you call at 4 am - whether it’s finding you the perfect policy or making sure you get only the best deals, we are on your side. As an IRDA approved organization, we are as genuine as they can get.