The “Diamond City of India”, Surat is one of the fastest growing urban cities in the country. It was ranked as the 2nd cleanest city in the survey conducted by Swachh Bharat. The city is expanding its residential zones and IT parks. There are more than 28 lakh registered vehicles running on the public roads, with two-wheelers dominating the streets. Two-wheelers are affordable and have easy manoeuvring in the traffic. However, problems of traffic congestion, limited parking and increasing number of road accidents still persist. Having a bike insurance policy is the ultimate necessity for protection against these challenges. Also, as per the Motor Vehicle Act 1988, a two-wheeler third-party insurance policy is mandatory to ride on the Indian roads.
While riding on two-wheelers like scooters, bikes, motorcycles and EVs is a feasible alternative because of its affordability and traffic manoeuvering, riders still have to face many challenges. These challenges faced by the riders tend to threaten a potential risk of accident, mishaps or damages to the motorcycle. The best way to protect yourself financially is to get insurance for your bike. An insurance policy ensures financial support during the time of need. Here are a few things you should consider before buying a two-wheeler insurance policy in Surat:
If you are travelling through the Core city, Chowk, Muglisara, Rander, Udhana, Katargam, Adajan, and portions of Athwagate and Piplod you are bound to find traffic congestion. Traffic congestion leads to higher chances of an accident or a mishap occurring. Having a third-party insurance policy along with a Personal Accident Cover ensures financial security against any liability caused by the accident and damages done to your own self.
Surat has many low-lying areas and is close to the Arabian Sea. Surat also gets heavy downpours during the monsoon season. As a result, it is vulnerable to floods and waterlogging. Motorcycles especially are vulnerable to this calamity. Riding through waterlogged areas can lead to mishaps, and heavy rains tend to cause engine damage. Having Engine Protection Cover along with a comprehensive two-wheeler insurance policy ensures your bike is protected even in the rainy season.
The amount of bike thefts are rising in the Silk City. With limited parking space, limited CCTV covered areas, thieves are targeting unattended two-wheelers more often than not, especially high-end bikes. Ensure your insurance policy covers thefts and vandalism, generally you get the IDV if your bike is stolen or totalled in an act of vandalism.
The Motor Vehicle Act 1988 mandates a liability two-wheeler cover to ride on Indian roads. Not carrying valid two-wheeler coverage policy while riding on the streets of Surat can lead to hefty fines (Up to ₹4000).
Ensure the insurer you choose has a vast network of cashless garages. You can get cashless claims if you process your bike through a network garage for repairs and damages. An easily accessible cashless garage gives peace of mind to the rider.
As Surat is a major spot for business and also has increasing IT hubs, two-wheelers have become the daily routine for riders in Surat. Over-time, daily use of the motorcycles will lead to degradation of the two-wheeler. Having a zero-depreciation cover ensures repairs efficiently.
Having an insurer that has an easy and fast claim process makes sure the policyholder does not have to worry about the insurance process while in an accident or a mishap. It should be the last of things that the rider should worry about. Ensure the insurer has excellent support service and claim process just like Coverfox.
There are 3 types of insurance policies available in Surat that include:
Third-party insurance covers liabilities caused by an accident by you done to a third party (person/property/vehicle). As per Motor Vehicle Act 1988, a third-party insurance is mandatory for every vehicle to ride on public roads in Surat and all across India.
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Exclusions:
A comprehensive insurance policy ensures extensive coverage, ensuring an all round protection. This includes any third-party liability, damage done to your own vehicle and other factors that can be customized using Add-ons.
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Exclusions:
This type of coverage plan covers damage done only to your own bike. It is only offered to you when you already have third-party bike insurance. A standalone own damage insurance policy is useful when you wish to buy third-party insurance from some other company and need further coverage for your own bike (you can also customize it using Add-ons).
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Exclusions:
You can compare and buy the best bike insurance policy in Surat through Coverfox. Just follow these steps:
Lapsed policies can cause higher premium rates, loss of NCBs, and travelling with expired insurance policy can lead to hefty fines, making renewal of insurance policy an important checklist. Here is how you can renew your two wheeler insurance policy in Surat through Coverfox:
If your old policy is from Covefox then:
Your policy will be renewed after the payment and verification of documents.
The following documents are required for buying/renewing two-wheeler insurance in Surat:
You can file for two wheeler insurance claims online in Surat or opt for cashless transactions. Here’s how:
You can reduce the two-wheeler insurance premium in Surat by following simple tips:
Riding in Surat without valid bike insurance is a huge mistake. Insurance is not just a legal requirement, it safeguards you from unforeseen damages and protects your wallet in the time of need. You can get the best insurance quotes from Coverfox for your two-wheeler. Get insured now and ride safely.
Ans: A third-party liability insurance cover is mandatory in Surat.
Ans: Considering it is an urban area, it does have higher insurance premiums than the neighbouring cities.
Ans: The bike model, variant, accessories, age of the bike, coverage scope, type of insurance, etc all affect premium rates for bikes in Surat.
Ans: ₹2000-₹4000
