The green city “Pune” is growing day by day. It is the IT hub of Maharashtra, with a home to many MNCs. With this the population of Pune is also increasing. The city has many means of transportation like buses, rickshaws, taxis etc, but people still prefer two-wheelers over them. Currently, there are approximately more than 27 lakhs two-wheelers registered to ride on the public roads of Pune. If that alone isn't reason enough for a rise in accidents, the narrow roads, traffic congestion and long routes add to the case. Having a two-wheeler insurance in the city of Pune is a must, and legally required as per the Motor Vehicle Act 1988.
The city of Pune has one of the better transport systems in India, with the only city having plans for cycle lanes. The city also has bus lanes for many areas, but , despite all this the problem of traffic still persists. Along with it, Pune is hit with heavy rains every year. Also reckless riding, not enough well lit areas, narrow roads with blind spots add to the number of accidents in Pune. A two wheeler rider has to face many challenges in Pune like:
Pune is the 2nd most populated city in Maharashtra. With areas like Swargate junction, M.G Road, Hinjewadi IT Park facing frequent traffic congestions, accident risk in these areas are high. Having a personal accident cover makes a logical sense in Pune.
Pune receives an average of 700-800mm of rainfall annually. This has caused the problems of waterlogging around the city and sometimes, flooding. Pune's frequent waterlogging in areas like Sinhagad Road, Ambil Odha, and Pimpri can severely damage two-wheelers. Having comprehensive two-wheeler insurance that protects against natural disasters like flood and gives engine protection cover can help protect your motorcycle.
Pune is congested and not very well lit during the dark hours. With areas like Kondhwa & Loni Kalbhor which recorded 700 vehicle thefts in a year, theft and vandalism is a huge problem for riders in Pune. If you have an insurance policy, you can claim for IDV in case of a theft.
In Pune, insurers have a large network of Garages. A rider must consider which insurer provides the best network garage in their designated area. A network garage is essential for cashless transactions and while making a claim through insurance.
As Pune is famous for the number of MNCs, riding your way to your company seems like a good choice. However, the IT hub is far from the main city of Pune, making daily commutes longer and hectic. Also, during peak hours there’s traffic you need to think about. To make sure your two-wheeler doesn't suffer, having a zero-depreciation cover might help out.
Pune city has some strict RTO regulations. With introduction of e-Challan by Pune RTO, following rules and regulations is a must. One such regulation is carrying third-party two-wheeler insurance. Not carrying one can lead to fines up to ₹2000 for the first offence.
Having a smooth claim process and excellent customer support from your insurance company gives peace of mind. You can worry about your daily life instead of worrying about the claim process if you choose an insurer wisely, Coverfox can help you out with this.
In Pune, there are currently 3 types of two-wheeler insurance available. Amongst the three, having a third-party two-wheeler insurance is mandatory. Here are the 3 types of two-wheeler insurance in the city of Pune:
A third party bike insurance covers damages done 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 Pune can lead to hefty fines.
A comprehensive insurance covers third-party damages and damage done to your own bike. 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.
You can buy two-wheeler insurance online through Coverfox in Pune very easily by:
The process of renewing your two-wheeler insurance is simple and fast. To do so, follow these steps:
If your old policy is from Covefox then:
Your policy will be renewed after the payment and verification of documents.
Follow these steps to make a claim for your two-wheeler insurance in Pune:
Here are a few tips you can use to reduce two-wheeler insurance premium in Pune:
The Queen of Deccan “Pune” is a city of opportunities. Riding a two-wheeler in this city comes with its own problems, but that doesn't mean you will leave riding, instead have a proper two wheeler insurance policy and you are good to go! Purchase your two wheeler insurance today and ride safely.
Ans: Yes, a third-party two-wheeler insurance is mandatory in Pune.
Ans: Compared to other cities and surrounding rural areas, (Not Mumbai), yes Pune has higher two-wheeler premium rates considering it is an urban city.
Ans: Accidents, area where you live in Pune, add-ons, bike models, etc are a few factors that affect two-wheeler insurance premiums directly.
Ans: ₹2000 for the first offence, ₹4000 for subsequent offences.
Ans: A third-party two-wheeler insurance is mandatory in Pune.
