Two-wheelers form a significant portion of Rajasthan's vehicle population, comprising nearly 70% of all registered vehicles. Jaipur, famously known as the Pink City, is home to over 40 lakh residents. In 2022–2023 alone, road accidents were estimated to have caused 1,930 fatalities, with more than 33 lakh vehicles registered in the city.
Having the right two-wheeler insurance policy ensures legal compliance and offers financial protection and peace of mind in case of unforeseen incidents.
Below are the reasons you should buy bike insurance in Jaipur:
As per the Motor Vehicle Act 1988, third-party insurance is compulsory for all vehicles. It protects your two-wheeler from accidental damage - Insurance covers the financial risk of vehicle damage in case of accidents.
You can opt-in for personal accidental cover which reimburses the injuries caused by the accident further it is a compulsory cover under a stand-alone policy with conditions applied.
Earlier sellers had the monopoly but today, the buyer is the king. You can choose your preferred from numerous policies to find the one that fits you.
With these pointers in mind, let us learn more about types of motorcycle insurance, how to buy one and steps to renew in the sections ahead.
Below are the types of two-wheeler insurance in Jaipur:
It is the most basic form of coverage, and is mandatory under the Motor Vehicles Act of 1988. It covers financial liabilities arising from injuries to third-party individuals caused by your bike. This type of policy is typically the most affordable because it offers limited coverage.
This insurance focuses solely on covering damages caused to your bike, offering flexibility to those who already have third-party insurance. It includes protection against accidents, theft, fire, and natural or man-made disasters. The coverage is subject to change as per the intermediary and insurer, thus it is advisable to check them very carefully before taking a policy.
Comprehensive insurance provides extensive coverage, ensuring all-around protection for both third-party liabilities and damages to your motorcycle. It includes the benefits of third-party bike insurance by covering damages or injuries to third parties. Additionally, it protects your motorcycle against accidents, theft, fire, natural calamities (floods, earthquakes), and man-made events (riots, vandalism).
You can buy two-wheeler insurance online with the help of below steps:
If you have bought the insurance policy from Coverfox, renewing your two-wheeler insurance policy is quick and easy with the help of the following steps:
Applying for claims with Coverfox on your side will make it more seamless and hassle-free. You need to follow the below steps to claim two-wheeler insurance in Jaipur:
Delayed contact and communication between the claim applicant and the insurer might lead to repercussions.
If your bike has been stolen or involved in an accident it is necessary to file an FIR to speed up your claim process.
It is preferred that the garage that you choose is authorised by the insurer’s company.
Pay the service centre to initiate the claim process, fill out the relevant form and submit the required set of documents to ensure a quick intimation of the claim.
Further below are the set of documents required to ensure you can get your claim:
To reduce two-wheelers insurance premiums, you should consider the following factors:
Having your two-wheeler insured in Jaipur is necessary for two reasons: Firstly, third-party insurance is mandatory as per law. Second, a comprehensive or standalone policy will help in claiming damages to your bike in case of an accident.
Further, you can also add personal accident cover to protect yourself from any health liabilities post-accident. The premiums may differ in terms of RTO areas where you fall in along with the type of policy, its existing covers and add-ons. While renewing your policy, if no claim is made, it is important to utilise the no-claim bonus (NCB).
The best bike insurance in Jaipur is the one that fits your budget, has sufficient cover, and fits your vehicle over mid-term and long-term needs.
You can save on bike insurance premiums by choosing the policy that fits your budget, comparing various policies and negotiating the premium.
Third-party two-wheeler insurance is mandatory in Jaipur.
The factors that affect two-wheeler insurance in Jaipur are bike model, fuel type, place of registration, year of registration, policy type, IDV and Add-on covers.
