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icon Two Wheeler Insurance icon Second Hand Or Used Bike
  • Why Insurance Necessary
  • Benefits
  • Three Bike Plan
  • Addons
  • Insurance Price
  • How To Buy
  • Renewal
  • Documents
  • Top Insurance Companies
  • Things To Remember

Second Hand Bike Insurance Policy

Why is Used Bike Insurance Necessary?

Used bike insurance for second hand bikes is just like new bike insurance. It is compulsory by law. It can be categorized as 3rd party, own-damage or comprehensive insurance. It protects you & your bike, against losses & damages caused to yourself & the third party.

Top Bike Insurance Plans in June 2025

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Reliance General Insurer
Amount Covered: ₹ 1 Lakh
Deal Price: ₹ 2,094 / Year
Waiting period: 4 yrs

Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.

Benefits Of Used Bike Insurance?

  • Get Personal Accident Cover: Pays for injuries due to accidents.
  • Cashless Garages: Cashless garage repair services.
  • 3rd Party Cover: Pays for 3rd party injuries, damage & death.
  • Own-Damage Cover: Pays for own injuries, damage & death
  • Cover Against Theft: Compensation if the bike is stolen.
  • Natural Calamities Cover: Pays for damages due to natural calamities.
  • Man-made Calamities Cover: Pays for damages due to man-made calamities.

3 Bike Plans in Used Bike Insurance

Third Party Second Hand Bike Insurance

3rd Party Insurance

Covers only for 3rd party injuries, death & property damages.

Own Damage Second Hand Bike Insurance

Own Damage Insurance

Covers only self-injuries & own bike damage.

Comprehensive Second Hand Bike Insurance

Comprehensive Insurance

Covers all that’s include in 3rd party & own damage.

Bike Insurance Addons

Zero Depreciation
Zero Depreciation
No Claim Bonus
No Claim Bonus
Roadside Assistance
Roadside Assistance
Return to Invoice
Return to Invoice
Engine Protection
Engine Protection

Second-hand Bike Insurance Price

There are many aspects which need to be evaluated to determine the premium of your second hand bike. These factors include the make & model, bike condition & previous insurance. You can provide us with your details & contact us. We will help you to get the exact price of your second-hand bike insurance.

How To Buy Used Bike Insurance?

  • Gather Bike Documents: Scan bike documents like RC & ID proof
  • Visit Insurer’s Website: Go to the insurance company’s official website.
  • Submit Documents: Submit the scanned documents or enter details
  • Get Price Quote: Get a quote for your bike insurance
  • Bike Inspection: An insurance surveyor will come for vehicle inspection
  • Pay Premium: Pay the respective premium amount.
  • Get Policy Documents: The policy will be sent via email to you.

Second Hand Bike Insurance Renewal

You can renew your pulsar bike’s insurance at Bajaj’s official website. However, for easy & fast renewal, provide us with your details & connect with us. At Coverfox, we will get your renewal process done quickly.

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Documents Needed For Second Hand Bike Insurance?

  • Registration Certificate: New RC (on your name)
  • Policy Documents: Current bike policy documents
  • Address Proof: Aadhar Card, Voter ID, Licence or Passport
  • Photographs: Your passport size photos
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    Things To Remember Before Buying Second Hand Bike Insurance

    • Check RC Name: Ensure the new RC is on your name
    • Check IDV: Check the IDV of the used bike.
    • Buy Higher Cover: Buy insurance with higher coverage for maximum benefits.
    • Get NCB Transferred: Get No Claim Bonus transferred for added discounts.
    • Get Add-On Covers: Buy add-ons like Zero Depreciation & Invoice Protection for more benefits

    For proper guidance from an expert, please provide us with your details & we will connect with you.

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    Frequently Asked Questions

    • Q. How many used bikes are available in Mumbai?

      • There are over 4500+ bikes available in Mumbai for sale

    • Q. What will be the starting price of a used bike in Mumbai?

      • The starting price of a used bike in Mumbai is Rs. 25,000.

    • Q. What are the most popular brands available for used bikes in Mumbai?

      • The popular brands for used bikes in Mumbai are: Hero, Yamaha, TVS, etc.

    • Q. How to buy a second hand bike in Mumbai?

      • You can buy second hand bike in Mumbai from a bike dealer

    • Q. Which bike is No 1 in mileage?

      • Bajaj bikes are no.1 in terms of mileage

    • Q. Which is the fastest bike under 2 lakh?

      • Few of the fastest bikes under Rs. 2 lakhs are: Bajaj Dominor, KTM Duke, Suzuki Gixxer, Bajaj Pulsar, etc.

    • Q. How Used bike price impacts the insurance of my bike?

      • The manufacturing year and the brand of the used bike has an impact on your bike’s insurance premium

    • Q. Is buying Used bike a good idea? Are second-hand bikes worth it?

      • Buying a used bike is always worth it from a financial perspective i.e. if you don’t have much money in hand and are looking for a specific brand then buying used bike is a great choice.

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