Bike Insurance Price List In India 2024

Updated On: 2023-03-29

Author : Team Policybachat

The bike insurance price list is a listing of prices for various bike insurance plans. It can be found online. The price list is usually a one-page document that allows people to compare different plans and their costs. Bike insurance price lists are typically created by the insurers themselves so they can be updated as often as needed.

Bike insurance is a mandatory requirement in India. Insurance companies offer different policies for different bikes and riders. Bike insurance prices vary based on the bike’s value, features, and usage. It is important to note that your bike's age plays an important role in the cost of your insurance policy. The older your bike is, the more expensive it will be to insure it.

Bike insurance price list in India is a very common question asked by most people. People want to know what they should pay for bike insurance in India. Bike insurance price list in India is the cost of the policy based on your bike's make and model, its usage, and the number of years you want it to stay with you. The price also varies from state to state.

How to Protect Your Bike with the Right Insurance Coverage?

Bike insurance is a type of coverage that protects the bike owner from financial loss in case of theft, fire, or other disasters. It also offers liability protection for the bike owner and his or her passengers.

There are many factors that one should consider before buying bike insurance. Some of these factors include:

  • The cost of the bike/bike insurance price
  • The value of the bike
  • The age and experience levels of the cyclist
  • The geographical location and whether or not it is a high crime area.

Third Party Bike Insurance Price List:

The prices of third party bike insurance vary according to the type of cover you choose. Third party bike insurance is not compulsory like bike insurance, but it is still important to have one if you want to reduce your chances of having any financial losses in the event of an accident.

How Much Does Third Party Bike Insurance Cost?

Third party bike insurance premium or cost is decided by factoring in the engine capacity of the insured vehicle and it is decided by the IRDA only depending on the condition relating to the engine capacity of the vehicle. However, it keeps changing by 10-20% every year. However, a big relief for bike owners is that the premiums will not rise by this year, as per the latest announcement released by IRDA.

Engine Capacity Third-party Bike Insurance Premium rates
Up to 75 cc Rs. 482
Between 75 to 150 cc Rs. 752
Between 150 to 350 cc Rs. 1193
Above 350 cc Rs. 2323

Factors Effecting Bike Insurance Price in India:

  • Bike Make & Model
  • Year of manufacture
  • Engine Capacity
  • Age of the Owner
  • Geographical location
  • No Claim Bonus
  • Anti-theft Device
  • Voluntary Deductibles.

What is Bike Insurance Price?

The cost of bike insurance varies depending on the type of policy that you choose to buy. The current price or market value of the bike also affects the insurance premium. The market value of the bike depends upon its brand and functionality.

Bike insurance price in India varies greatly and it is difficult to get a clear answer. Different factors contribute to the price of bike insurance, including the type of bike, the age of the bike, and your location. Bike insurance prices vary from country to country. In India, for example, the average cost for a year-long policy for an adult male is about Rs. 50k

India is one of the most dangerous countries to ride a bike because of the poor road conditions. With the increasing number of cyclists, they need to have insurance. Bike insurance prices in India can range from Rs. 2000 to Rs. 20000 depending on your bike's make and model, your age, and other factors.

Checkout Top Bike Insurance Prices List in India 2022:

Top Bike Insurance Plans IDV Cover Value Third Party Cover Personal Accident Cover Policy Term Premium
New India Assurance Bike Insurance 45, 738 Yes Rs. 15 lakh 1 year 1385
United India Bike Insurance 45,578 Yes Rs. 15 lakh 1 year 1747
Iffco Tokio Bike Insurance 32,568 Yes Rs. 15 lakh 1 year 1378
Digit Bike Insurance 41,755 Yes Rs. 15 lakh 1 year 1833
Oriental Bike Insurance 40,374 Yes Rs. 15 lakh 1 year 1843
Magma HDI Bike Insurance 39,488 Yes Rs. 15 lakh 1 year 1476
TATA AIG Bike Insurance 42,598 Yes Rs. 15 lakh 1 year 1748

How Bike Insurance Prices Works?

The cost of bike insurance varies depending on the type of policy that you choose to buy. The prices vary according to the coverage, the model of the bike, and your geographical location in India. The price also depends on whether you have taken an additional rider's benefit plan with your policy. A rider's benefit plan provides benefits for another person who uses your bike at least once every six months - usually a family member or friend who has just started riding their bicycle.

Bike insurance in India is a complicated affair. A lot of factors come into play when it comes to the cost of bike insurance in India. The first and foremost is the bike model you own.

Many factors come into play when it comes to the price of bike insurance in India, with the first and foremost being your bike model. You can find out what your options are by checking out our list below:

  • On-Road bikes
  • Off-Road bikes
  • Two Wheeler.

How to Save Money on Bike Insurance Price Premiums?

To ensure you get the most benefits out of your bike insurance policy, you must keep in mind the factors that affect your bike insurance premium. Below are some tips to save a considerable amount on your insurance premium:

  • Buy insurance online
  • Do not make small claims
  • Compare Plans
  • Opt for a multi-year bike insurance policy
  • Maintain a good riding record
  • Select relevant add-ons
  • Claim Your No Claim Bonus (NCB)
  • Install Safety Devices
  • Know Your Vehicles Age
  • Choose Suitable Add-on Covers
  • Renew Your Insurance on Time

The Best Ways to Save on Your Own Bike Insurance Policy: It’s time to start thinking about your bike insurance. You’ve done the research and you know that it’s a good idea to have some kind of coverage for your bike, but you're not sure which policy is best for you and your needs.

The first thing to figure out is whether or not you need liability insurance. If someone gets hurt on your property or if someone sues you because they got hurt on your property, then they might be able to sue for damages like medical bills, lost wages, and pain and suffering. Liability insurance will help cover those costs in case something happens on your property.

Tips on how to Save Money on Motorcycle/Bike Insurance:

Motorcycle/bike insurance is the type of insurance that every motorcyclist needs to have. It protects you in case of an accident.

There are many types of motorcycle/bike insurance, including liability coverage, collision coverage, comprehensive coverage, medical payments coverage, and roadside assistance.

  • Third Party Liability coverage will pay for any damages you cause to someone else in an accident.
  • Own damage coverage will pay for damages to your bike in the event of an accident.
  • Comprehensive insurance will cover damages from anything other than a collision (e.g., fire).
  • Medical payments coverage pays for medical expenses if you're injured in an accident. Roadside assistance helps if your bike breaks down on the side of the road or gets stolen.

How to Calculate Price for New & Old Two Wheeler Vehicles?

The bike insurance premium calculator can be used to calculate the insurance premium for old as well as new bikes. Therefore, you can use our bike insurance calculator to assess and select a policy for your old or new bike.

For new bikes:

If you have just purchased a bike, you might not have the registration number yet. To calculate the insurance premium for your new bike, you have to enter the following details into our new bike insurance calculator for new bikes.

  • The bike registration details
  • The make and model of the car (if RC number not available)

For old and second-hand bikes:

In order to compute the bike insurance premium for second hand bikes, you must enter the details mentioned below in the two wheeler insurance calculator.

  • Claim details of the previous policy year
  • Existing bike insurance details
  • Details of the owner-driver - name, age, contact details, gender, marital status, etc. (renewal of other company’s policy)

Once you enter the aforementioned details, the bike insurance premium calculator will fetch the insurance premium details for a specific policy for your new or old bike.

FAQs of Bike Insurance Price List:

What are the factors that affect the Bike Insurance Price in India?

The premium of bike insurance price depends on the following factors:

  • IDV (Insured Declared Value) of the vehicle
  • Type and age of the vehicle
  • Geographical zone
  • Age and gender of the owner-driver

Other factors such as:

  • Cubic capacity of the engine
  • Fuel type
  • The profession of the owner
  • Voluntary deductible
  • No Claim Bonus (NCB)
  • Anti-theft device installation

How to Reduce Bike Insurance Premium?

The bike insurance premium is one of the most important factors people consider when buying a policy. Owners-drivers are always looking out to get extensive coverage at affordable premiums. Here are a few tips that will help you reduce your bike insurance premium:

  • Additional Security Measures
  • No-Claim Bonus
  • Insured Declared Value
  • Increase Voluntary Deductibles.

What is Bike Insurance?

Bike insurance is a type of insurance that covers the risk of theft, damage, or destruction to your bike. It is important to understand the different types of insurance available before you buy one.

Bike Insurance is an insurance product that provides coverage for your bike in case it gets damaged, stolen, or destroyed. There are different types of insurance available and it's important to know about them before buying one.

How to Buy Bike Insurance Online?

It will take less than 5 minutes to buy a bike Insurance policy. You can buy a bike insurance policy online by visiting our website. We provide several Bike insurance policy premium quotes offered by different insurers from which you can choose one that suits your needs and budget.

As a bike rider, you can easily buy insurance online:-

  • Go to the form on the top of the page
  • Fill up the details of your bike such as RTO, model, engine capacity, fuel type, etc.
  • Provide your contact details including your name, email id, etc.
  • Choose the best insurance for a bike as per your requirements
  • Pay the insurance price online via net banking or bank debit/credit cards

What You Need to Know About Bike Insurance Buying a New Bike?

Buying a new bike is an exciting experience. But, it can be a bit overwhelming when you start to think about the potential costs of bike insurance.

There are a few things you need to know before you buy your new bike, and one of the most important is that not all bikes are insured for theft or damage under the same policy.

What is the Bike Insurance Renewal Process?

The two wheeler insurance renewal process has been made simple with PolicyBachat online portal car Insurance where the process is quite simple. Below is the process to renew your bike insurance online. You can get Instant Quotes for Two Wheeler Insurance Policy at PolicyBachat.

  • Visit the PolicyBachat website and select the ‘Bike’ tab.
  • Select your ‘Two Wheeler’.
  • Select your ‘Two-Wheeler Variant’.
  • Select your ‘RTO Location’.
  • Enter ‘Registration Number’.
  • Then click on ‘Start Saving Money.
  • Premium Quotes of the top two wheeler insurance plans will be displayed as per data entered by you and which are suits your requirement.
  • Select required add-ons, third party coverage and you can edit IDV for your Bike.
  • Purchase best two wheeler insurance policy using online payment
  • If any queries are raised call: 1800–123–4003.

Select the best insurance company as per your requirements and proceed to the payment page. The instant policy would be available after the payment is completed.

How to Get Cheap Bike Insurance Quotes Online?

The internet is a great resource for obtaining the cheapest bike insurance quotes. Several websites offer affordable bike insurance quotes to help you save money. These websites are designed to help people find the best deals on bike insurance online.

We at PolicyBachat provide the best and low-budget bike insurance premiums that suit all people's requirements with good benefits and best coverages.

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