Everything You Need to Know about Two Wheeler Insurance

April 18, 2023

Some people buy it to flaunt their style quotient while some buy it just to commute so have you guessed what is it? It is a two-wheeler. Few decades back, it was only possible for financially well-off people to buy a two- wheeler. Now, it has become achievable to own it due to many reasons such as growing aspirations of the middle class to have the bike, finance facilities, lesser cost of two wheeler, etc.  

The growing number of vehicles has also caused an upsurge in accidents that put the lives of the strollers, pedestrians and other vehicle owners in jeopardy. Moreover it also provokes catastrophic damages to your own bike. Consequently, to alleviate these menaces, it is crucial for every vehicle owner to maintain a pertinent two wheeler insurance policy.

Let's discuss some valid reasons why two wheeler insurance is compulsory in India.

Coverage against third party liability:

The Motor Vehicles Act, 1988 states that sustaining third party insurance is mandatory. Legal troubles do not just take a grip of your peace of mind but also make you scuffle with other problems such as financial issues.  

For example, if you end up damaging a third party bike or property while riding your bike, then this type of insurance equips you with protection against the financial and legal liabilities that will emerge as repercussions. The premium for this type of insurance is determined by the IRDA. To fetch comprehensive protection for the bike, you can also avail comprehensive bike insurance that delivers coverage against third party liability and own damages.

Protection against natural and manmade disasters:

You cannot control nature and its wrath. Similarly, it is also not always possible for anyone to predict man made calamities.

The presence of the right bike insurance helps you acquire protection against catastrophes caused to the bike due to flood, fire, cyclone, earthquake, and so forth. One can readily file a claim in case of damages caused due to above and can acquire the compensation.

Protection against larceny:

Another compelling reason that drives people to get comprehensive bike policy is because it delivers protection against theft. In case of bike theft, you need to file an FIR and inform your insurance provider. And after the verification of the submitted documents, the insurance company will proceed to settle your claim, delivering you coverage up to the insured proclaimed value cited in the policy.

Manages the repair expenses:

Any damages caused to your bike can leave a dent in your bank account as the fees of repairs have risen. Nonetheless, having comprehensive two wheeler insurance helps you bid adieu to bike-related expenses, offering you cover for the cost of repair as per your insurance plan's terms and conditions.

Financial security:

Spending your money on expenses like damages caused to bikes due to accidents, natural disaster, larceny, and more can easily burn a hole in your pocket. If you don’t have bike insurance cover, then these situations do not just drain you financially but also mentally. If you have a bike cover, you can easily kick away a situation that includes paying out of pocket as the insurer nourishes you with the mandated financial aid. During an emergency, your insurer will be responsible for offering financial assistance.

Personal accident cover:

Accidents are generally unforeseen in nature therefore, it is crucial for you to stay on a safer side with a bike insurance policy. And don't let this thought slip away from your mind that personal accident cover is paramount as per the law as it presents coverage to the owner driver against expenses emerging out of damages, death or disability. In case of the owner/driver's demise, his family will be eligible to get compensation in form of the coverage amount cited in the policy.

Which one is more useful- third-party or comprehensive insurance?

The main distinction between third-party and comprehensive insurance is the kind and extent of coverage it delivers. While Third-Party insurance only covers you against third-party damages and losses, comprehensive car insurance will be liable to cover your own damages.

Is it crucial to renew bike insurance?

Whether you purchase bike insurance online or offline, the policy entails inception and expiry dates. The period generally prevails for one year, or it could be up to 3 years if you have chosen the long-term or multi-year policy. Bike insurance renewal needs to be completed by the due date to dodge loss of coverage.

If you are unable to renew your bike insurance on time and your bike sustains some damages, the insurance company will not be accountable for covering the damages. The insurance policy is only useful when it is operational.

It is possible that due to a hectic schedule you have lost track of your policy renewal date or have forgotten it so the first step to undertake is to connect with your insurer and request for professional assistance. It is possible that the insurer may renew your policy without imposing any penalty if it is only a few days past the due date.

Can I renew my bike insurance online?

Yes, you can renew your bike or two wheelers Insurance online. It is just a 2-step process.


The peace of mind that comes from knowing that you have an active insurance policy is unsurpassable. In today's time where eventualities are dominating humans, it's strongly recommended to have insurance.

Sustaining two-wheeler insurance is obligatory as it offers protection against third-party damages and supports you to stay financially secure against your damages. You cannot discount the reality that bike insurance also covers legal liability as per the policy terms and conditions. 

As technology is advancing with each passing day, it has now become easy to select the best bike insurance with just a click. Gone were those days when you had to step out to find a reliable insurance provider and a plan that doesn't empty your pocket. At present, you can easily compare two wheeler insurance plans presented by various insurance companies. To make a well-informed decision, it is essential to compare the plans and land on the best bike policy for your vehicle.

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