Regarding Indian roads, nothing beats the popularity of two-wheelers as a mode of transport. However, if you want to drive your bike on Indian roads, two-wheeler insurance is mandatory as per law because two-wheeler rides also expose you to high risks of accidental injuries and fatalities.When you buy your dream two-wheeler, you consider numerous factors such as design, mileage, and price. If you consider so many factors before buying your vehicle, you must also purchase the right insurance for your two-wheeler. Let us examine the important factors you need to remember when choosing your two-wheeler insurance online so that you can rest assured of being financially secure if something goes wrong. Why Do You Need Two Wheeler Insurance? If you reside in India, you must understand that it is legally mandatory to have at least third-party insurance to drive your vehicle on Indian roads. Moreover, accidents involving two-wheelers like bikes and scooters resulted in 74,897 deaths in 2022. This figure alone highlights the need for a comprehensive two-wheeler insurance policy so that you have the right coverage against injuries and accidental damages. How to Choose The Right Two-Wheeler Insurance Online? Choosing comprehensive, all-inclusive two-wheeler insurance coverage is a smart choice compared to third-party insurance because insufficient coverage is as good as having no insurance. Therefore, compare different bike insurance online and select the one that meets your requirements in the best way possible. To make it easier for you to understand, here are some crucial factors when you are looking for the right policy for your two-wheeler.
Know Your RequirementThe first thing you need to do is make an assessment based on your budget and requirements. There are two types of two-wheeler insurance: comprehensive and third-party bike insurance. Choose a cover that is in sync with your vehicle’s usage, liabilities, and expenditures. Understanding IDV in Bike InsuranceIDV in bike insurance is the current market value of a vehicle. The maximum sum insured is fixed when you purchase the policy. You receive this amount in the unfortunate event of a two-wheeler’s total loss or theft. Know The Cubic Capacity of Your BikeRemember that the cubic capacity decides the premium you will pay. If the cubic capacity of your two-wheeler is high, the premium will also go up. Choose a Reputed InsurerIt is important to choose trustworthy bike insurance online. Go for an insurer with a solid reputation and a reputation for reliability. Check the company’s claim settlement ratio to understand its efficiency in processing claims. Check For Add-ons To Extend Your CoverTo make your coverage more exhaustive, check out add-ons that you can add to your two-wheeler insurance policy. These add-ons are usually available at a nominal premium and provide you extra security. Common two-wheeler add-ons are personal accident cover, towing cover, and zero depreciation cover.
Compare Bike Insurance OnlineBefore you make your final choice, it’s smart to compare insurance companies and two-wheeler insurance policies available online. Check available policies and providers for coverage, cost, inclusions, and exclusions to understand the best choice based on your requirements. Always Check Online ReviewsWhen choosing online bike insurance, always check online reviews of verified customers. People often share their experiences with the insurance company, and if you are confused or need help making a decision, such reviews can assist you in making your final choice. Conclusion Driving your dream bike will be a worthwhile experience if you have the security of a two-wheeler insurance policy providing you coverage against unforeseen circumstances.Before you make your final choice, keep in mind the points mentioned above. Also, remember to renew your policy on time. Also, ensure you understand your requirements well to select a coverage plan that satisfies all your needs.