Varanasi, Kashi or Banaras are the names of the same historic city in Uttar Pradesh, India. According to Hindu Mythology, Varanasi was founded by Lord Shiva himself. The city is famous for its ghats, vibrant rituals, classical music, and ancient temples like Kashi Vishwanath. As of 2023, Varanasi has over 8.5 lakh registered two-wheelers, making them the most common mode of transport in the city. (UP Transport Department). The need for two-wheeler insurance in the city of Varanasi is higher than ever, considering it is the most preferred type of transport and has a high density in the city. Let us see the different aspects of bike insurance policy in the City of Light.
There are multiple obstacles for two-wheeler riders in Varanasi. Theft, accident, mishaps have a recurring occurrence in the city, indicating the need of two-wheeler insurance. Here are the things you should consider while purchasing a two-wheeler insurance policy in Varanasi:
Two-wheelers contribute to over 60% of daily vehicular traffic in core city areas like Godowlia, Dashashwamedh, and Sigra. Traffic congestions can lead to mishaps and accidents happening, leading to liabilities and repair costs for your two-wheeler. A two-wheeler insurance policy covers damages from this risk.
In 2022, a total of 539 road accidents were registered as per the Ministry of Road Transport and Highway (MorTH), total fatalities calculated to be 294. Chawkaghat intersection has the highest number of accidents as per a research. Personal accident cover ensures financial backnet in case of disability or death due to an accident up to ₹15 lakhs in Varanasi, which is important considering the high number of accidents.
Varanasi has a flooding problem. Heavy rains, especially near the bank of river Ganges is the main reason for this problem. Also, Varanasi faces heat waves every year, causing engine breakdowns across the city. Bike insurance ensures financial security in case your prized possession is damaged in such calamities.
Two-wheelers are the most vulnerable to theft in Varanasi. Open unsecured parking are the major hot spots for thieves. Thieves target high tier models in bikes for their high prices in the black market. Bike insurance ensures you are fairly compensated in case your bike gets stolen.
Check for network garages inside the city near you for effortless cashless transactions while claiming bike insurance. Different insurers have different networks of garages that offer repairs and maintenance. If you repair your bike at a network garage, the bill will be settled between the garage and the insurer.
Consider buying insurance from an insurer who has an excellent claim process and customer support for hassle free claims. Coverfox provides one of the best support teams in Varanasi for bike insurance.
Not having a bike insurance policy in Varanasi can lead to hefty fines (up to ₹4,000). This is because as per the law under Motor Vehicle Act 1988, a third-party liability bike cover is mandatory to have in Varanasi.
We offer 3 types bike insurance in Varanasi:
A third-party two-wheeler insurance covers liabilities to the third party (vehicle, individual or property) arising from an accident. This type of insurance is mandatory as per the Motor Vehicle Act 1988 and not having it whilst riding the streets of Varanasi can lead to hefty fines.
A comprehensive insurance covers any third-party damages and damage done to your own bike in an accident. Comprehensive insurance will cover every aspect of your bike that needs to be insured by customising the insurance policy with add-ons. It is the most recommended type of bike insurance as it covers all types of damages.
Standalone or own-damage insurance only covers 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.
Coverfox offers an online platform to buy two-wheeler insurance in Varanasi:
Timely renewal of two-wheeler insurance policy is important to not lose out on benefits. Visit Coverfox to renew your bike insurance policy in 3 minutes.
If your old policy is from Covefox then:
Your policy will be renewed after the payment and verification of documents.
You can have reimbursement/cashless claims in Varanasi. To file a claim, 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:
Varanasi is a historical and religious city of India. Riding through the streets of Varanasi on a motorcycle is a different experience for many. But, riding without a bike insurance policy is a grave mistake. It will cause legal hassle and financial trouble when in need. You can get the best bike insurance policies at Coverfox from different insurers. Compare bike insurance today and get your bike insured today.
Ans: Yes, it is mandatory to have a two-wheeler insurance policy in Varanasi.
Ans: Varanasi has moderate bike insurance premiums, higher than rural areas but lower than metropolitan cities like Mumbai, Delhi, Bangalore, etc.
Ans: The make, model, price, variant of the bike, location, add-ons, type of coverage plans, discounts all are factored into determining the insurance premium price in Varanasi.
Ans: ₹2,000 to ₹4,000
Ans: Third-party bike insurance is mandatory in Varanasi as per the law under the Motor Vehicle Act 1988.
