Best Two Wheeler Insurance in India

Factors To Consider While Choosing a Two-Wheeler Insurance Plan

If you own a two-wheeler, you must ensure that you are covered. While the risk is relatively low, having the right insurance plan is still essential.

Here are a few factors to consider before choosing the best two wheeler insurance policy-

• Coverage

Make sure that the insurance policy provides adequate coverage for your two-wheeler. This includes coverage for damages to your vehicle, third-party liability, and personal accident cover.

• Premium

The premium is the amount you have to pay for the insurance policy. Choose a policy with a premium that you can afford, offering good value for money.

• Claim Process

Consider the ease and speed of the claim process when choosing an insurance policy. Choose a policy with a hassle-free and efficient claim process.

• Add-on Covers

Look for insurance policies that offer additional covers, such as roadside assistance, zero depreciation cover, and engine protection cover.

• Network Garages

Check if the insurance company has a vast network of garages where you can get your vehicle repaired in case of an accident.

• Reputation

Choose an insurance company that has a good reputation and is financially stable. This will ensure that the company can pay out claims when required.

• Policy Exclusions

Ensure you understand what is not covered under the policy so you are not caught off guard in case of a claim.

• Renewability

Consider the renewal process and the premium for renewal when choosing a two-wheeler insurance policy.

• Customer Service

Choose an insurance company that has good customer service and is responsive to customer needs.

Top Two Wheeler Insurance Plans: Overview

Here is an overview of the plans that can help you in deciding which insurance is best for two wheeler-

1) Bajaj Allianz Two-Wheeler Insurance Plan

Bajaj Allianz is one of the best two wheeler insurance company in India. This insurance plan covers damages caused to the two-wheeler due to accidents, theft, fire, and natural disasters.

It also provides personal accident cover for the rider and offers a range of add-on covers such as third-party liability cover, pillion rider cover, and protection for accessories.

2) HDFC ERGO Two-Wheeler Insurance Plan

This insurance plan covers damages caused to the two-wheeler due to accidents, theft, fire, and natural disasters. It also provides personal accident cover for the rider and offers a range of add-on covers such as third-party liability cover, pillion rider cover, and protection for accessories.

It also has a "No Claim Bonus" feature, which allows policyholders to avail of discounts on the renewal premium if they do not make any claims during the policy period.

3) IFFCO Tokio Two–Wheeler Plan

IFFCO Tokio is a leading insurance company in India offering various insurance products, including two-wheeler insurance plans. The plan covers damages to the insured two-wheeler due to accidents, natural disasters, theft, and third-party liabilities.

The premium for the plan depends on various factors, such as the age of the two-wheeler, its make and model, the geographical location, and the sum insured chosen by the policyholder.

4) Tata AIG Two-Wheeler Insurance

Tata AIG Two-Wheeler Insurance is a comprehensive insurance policy that covers your two-wheeler against damages. It also offers additional coverage options such as personal accident cover, consumables cover, and roadside assistance.

The Two-Wheeler Insurance plan is available for both new and used two-wheelers. It can be purchased online or through a Tata AIG insurance agent.

5) Navi Two-Wheeler Insurance

The Navi Two-Wheeler Insurance plan is a comprehensive insurance policy designed specifically for two-wheeler owners. It covers damages to your vehicle caused by accidents, natural disasters, theft, and other unforeseen events.

Some of the key features of the Navi Two-Wheeler Insurance plan include the following-

• Third-party Liability Coverage: This covers damages or injuries caused to a third party, such as another driver or pedestrian, in an accident involving your two-wheeler.
  
  
• Own Damage Coverage: This covers damages to your vehicle, including damages caused by accidents, natural disasters, and theft.
  
  
• Personal Accident Cover: This covers medical expenses and death benefits in case of an accident involving your two-wheeler.
  
  
• 24/7 Road Assistance: The Navi Two-Wheeler Insurance plan includes roadside assistance services, such as towing, battery jump-start, and fuel delivery, in case of breakdowns or emergencies.

Conclusion

The main motive of two-wheeler insurance is to protect your vehicle against theft or damage. These plans cover your bike against third-party liabilities. The owner can get covered against third-party risk and enjoy protection against theft, fire, or third-party damage.

The policyholder can avail themselves of the facilities the insurance company offers annually. Moreover, the payment methods involved in buying these policies are convenient as you can pay through several channels like cash, debit card, UPI, etc.

Disclaimer: This blog is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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Research Analyst - Aakash Baid