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Honda Sp 125 has already managed to attain sizable popularity amongst Indian buyers with its refined and high-performing fuel injected 125 cc engine. The bike has a fuel-efficient engine and is available in over five attractive colors.
The Government of India has made it mandatory for every bike owner to have an insurance policy.
Not buying Honda Sp 125cc Insurance can cost you a penalty up to Rs. 2,000 or imprisonment up to 3 months. Earlier, this fine applicable was Rs. 1,000/- and/or imprisonment of up to 3 months.
By Following the easy steps given below, you can buy or renew Honda Sp Insurance online on Coverfox.com.
With Coverfox, you can choose Honda Sp 125cc insurance at an affordable price.
Honda CRF1100L Africa Twin scooter can be insured online with the below types of bike policies
As the name suggests, third party insurance provides coverage against damages caused to third party or property. This type of insurance is mandatory as per the Motor Vehicles Act, 1988. The premium for this type of policy is determined by the IRDA.
A comprehensive insurance cover provides coverage in case of damages caused to your own vehicle as well as to a third party. This is an ideal plan for all vehicle owners as it provides 360 degree protection. The premium for this type of insurance is decided based on the add-ons and the coverage opted for.
|Honda Sp 125 Variant||Ex Showroom Price||Fuel Type||Estimated Third-party Premium|
|Honda Sp125 cc Drum||Rs. 79,553||Petrol||Rs. 869|
|Honda Sp 125 cc Disc||Rs. 83,849||Petrol||Rs. 888|
Step 1: In case if the vehicle owner causes third party damage then the police as well as the insurer should be informed. In case if the vehicle owner is the victim, insurance details of the third party which has caused damage to the vehicle has to be taken down and information about the damages has to be passed on to their insurer.
Step 2: the insurance company then transfers the matter to the motor insurance tribunal who decides the compensation amount.
Step 1: In case of damages caused to the two-wheeler, the vehicle owner has to inform the insurance company and the nearest police station.
Step 2: A surveyor is appointed by the insurance company to examine the extent of damage. The surveyor prepares a report and sends the same to the garage.
Step 3: The insurer then pays for the damages subtracting the deductible amount.
Step 1: In case if the bike owner’s bike is stolen then the police and insurer both need to be informed immediately.
Step 2: Required documents like PUC certificate, license, and registration certificate have to be submitted. The insurer may also ask for original keys of the bike.
Step 3: Non-traceable certificate is issued by the police if the bike is not traceable. The claim is then settled as per the policy terms and conditions.
|Engine (cc)||124 CC|
|Front Brake/Rear Brake||Disc/Drum|
|Fuel tank capacity||11.5/L|
|Max Power||10.70 bhp|
|Wheels type||Alloy Wheels|
|Honda Sp 125cc Drum||Rs. 78,381|
|Honda Sp 125cc Disk||Rs. 82,677|
|Mumbai||Rs. 81,759- Rs. 85,760|
|Delhi||Rs. 80,587 - Rs. 84,588|
|Bangalore||Rs. 81,758 - Rs. 85,981|
|Chennai||Rs. 83,347 - Rs. 87,333|
|Kolkata||Rs. 80,969 - Rs. 84,970|
|Chandigarh||Rs. 80,259 - Rs. 84,260|
|Mumbai||Rs. 17.5 lakh|
|Delhi||Rs. 17.5 lakh|
|Bangalore||Rs. 17.5 lakh|
|Chennai||Rs. 17.5 lakh|
|Kolkata||Rs. 17.5 lakh|
|Chandigarh||Rs. 17.5 lakh|
The Honda SP 125 offers a decent mileage of 65 kmpl.
Yes, third party insurance is mandatory as per the law. However, comprehensive coverage is ideal as it offers own damage and third party coverage Through CoverFox.
The Honda SP 125 is good value for money, going by its attractive design, decent features, new starter motor, excellent mileage and decently powered engine.
Honda SP 125 is available in 5 colors like Striking Green, Matte Axis Grey Metallic, Imperial Red Metallic, Athletic Blue Metallic and Pearl Siren Blue.