Indore is considered the cleanest city in India. As of 2023, there were 1 vehicle for every 3 residents in Indore, showing the high vehicle density in the city. In 2023, 1,23,060 two-wheelers were registered in the city. Indoris love two-wheelers, that is evident. Be it the morning Choral River ride or just commuting around the daily city traffic, bikes are the best option for commuters in Indore. However, buying bike insurance for your two-wheeler is equally important and mandatory by law under Motor Vehicle Act 1988. Let us see where and how you can buy two-wheeler insurance in Indore.
There are many problems that riders in Indore face while riding their motorcycle on the road. Accidents, thefts, natural calamities are just the common reasons why motorcycles in Indore are susceptible to danger or damages. Here are things to consider on why purchasing a two-wheeler insurance policy in Indore is a good idea:
Indore is infamous for rash drivers. Many drivers or riders in Indore do not follow traffic rules properly, resulting in accidents. As of October 15, 2024, the total number of reported road accidents in Indore stood at 2,753. The number is significantly less from the previous years, but still is high. Having two-wheeler insurance financial safety during an accident.
Bike insurance ensures you do not get challans or fines for not carrying insurance while riding on public roads. As per law under Motor Vehicle Act 1988, a third-party motorcycle insurance is mandatory to be able to ride on public roads of India.
The theft of two-wheelers is more common than four-wheelers in Indore. Reports suggest that approximately 20 two-wheelers are stolen daily in Indore. Areas like Police Zone 1 and near Dwarkapuri are infamous for theft risk. A two-wheeler insurance policy ensures compensation if your bike is stolen.
It is noted that Indore faces higher accidents during the rainy season than any other seasons. It is in a seismic zone, meaning it has earthquake risk as well. Floods, earthquakes, heavy downpours are the major natural calamities that risk and damage two-wheelers in Indore, causing a bike insurance policy to be a necessity during the time of need.
Bike insurance companies have made it easier to file for claims now. Also, if you face any issues during the claim process you can contact Coverfox support team for excellent help during the time of need. This can only happen if you buy two-wheeler insurance for your bike.
Man-made hazards like riots, vandalism, fire, explosion, etc can happen unannounced. Bike insurance covers any damages caused by these hazards and provides compensation as per policy or IDV depending on the situation.
There are 3 kinds of bike insurance policies available in the city of Indore out of which a third-party bike insurance is mandatory as per law. Here are the 3 types:
A third-party two-wheeler insurance covers any liabilities to the third party (vehicle, individual or property) during an accident. This type of insurance is mandatory as per the Motor Vehicle Act 1988 and not having it whilst riding the streets of Indore can lead to hefty fines.
A comprehensive insurance covers third-party damages and damage done to your own bike in an accident. As the name suggests, comprehensive insurance can cover every aspect of your bike that needs to be insured by customising the insurance policy with add-ons. Things like natural calamities, theft, engine protections, etc are covered in comprehensive two-wheeler insurance (Depends on the customisation).
Standalone own-damage insurance focuses solely on covering damages to your bike. This type of insurance is only available if you already have third-party insurance from the same or other insurer. This policy is best for those who already have third-party insurance and want to further protect their bike or two-wheeler.
In Indore, you can buy two-wheeler insurance online by visiting Coverfox:
You need to timely renew your two-wheeler insurance policies online in Indore to maintain NCBs and other benefits. You can renew your policy through Coverfox under 3 minutes:
If your old policy is from Covefox then:
Your policy will be renewed after the payment and verification of documents.
The claim process in Indore is simple, easy and fast. Just make sure you follow these steps:
Bike insurance premiums can get hefty and expensive if not structured properly. You can use these tips to ensure optimum premium price for perfect coverage as per your needs:
Riding in Indore is fun, but riding without bike insurance isn't smart. Ensure your bike’s complete financial safety with a two-wheeler insurance policy. You can get the best quotes for two-wheeler insurances at Coverfox. Ride safely, Ride insured.
Ans: Yes, third-party bike insurance is mandatory in Indore.
Ans: It has higher insurance rates than other cities in Indore, considering it is an urban city.
Ans: The make model of the bike, location in Indore, NCBs, discounts, type of coverage, add-ons, etc determine the two-wheeler insurance premium price in Indore.
Ans: ₹2000-₹4000
Ans: A third-party bike insurance is mandatory in Indore.
