Two wheelers are the most common vehicles in India. They are easy to ride and affordable to maintain. However, insurance is a yearly cost that many riders want to reduce. The good news is that you can lower your two wheeler insurance premium legally and safely. You just need to make smart choices.
This article shares practical tips for cheaper two wheeler insurance in India. The advice is simple and easy to follow. It helps you save money without compromising on protection.
Compare Insurance Plans Before Buying
Never buy the first policy you see. Insurance premiums differ from company to company. Benefits and add-ons also vary.
Always compare two wheeler insurance plans online. Look at:
- Premium amount
- Coverage offered
- Claim settlement record
- Available add-ons
Comparison helps you find the best deal at the lowest price. It is one of the easiest ways to save money.
Choose Only Useful Add-ons
Add-ons increase coverage but also raise the premium. Many riders buy unnecessary add-ons.
Common add-ons include:
- Zero depreciation
- Roadside assistance
- Engine protection
- Consumables cover
If your bike is old, zero depreciation may not be useful. If you rarely travel long distances, roadside assistance may not be needed.
Select add-ons based on your riding habits. Avoid extras you do not need.
Maintain a No Claim Bonus (NCB)
No Claim Bonus is a reward for safe riding. If you do not make any claim in a policy year, you get a discount on renewal.
NCB discounts increase every year:
- Up to 50% after five claim-free years
Avoid small claims if possible. Paying minor repair costs yourself can help protect your NCB. This reduces your premium in the long run.
Renew Your Policy on Time
Late renewal leads to higher premiums. In some cases, your NCB may also be affected.
Renew your two wheeler insurance before the expiry date. Timely renewal keeps your policy active and avoids inspections. It also ensures continuous benefits.
Set reminders or choose auto-renewal to stay protected.
Opt for Long-Term Insurance
Long-term two wheeler insurance plans are available for 2 or 3 years. These plans often cost less than buying annual policies separately.
Benefits include:
- Lower overall premium
- Protection from yearly price hikes
- Less paperwork
This option is ideal for new bikes and long-term owners.
Increase Voluntary Deductible
A voluntary deductible is the amount you agree to pay during a claim. Higher deductibles reduce the insurer’s risk.
If you choose a higher voluntary deductible, your premium comes down. This option works well if you are a confident and safe rider.
Make sure the deductible amount is affordable for you.
Avoid Policy Lapses
A lapsed policy increases risk and cost. Insurers may charge higher premiums after a break.
Continuous coverage helps:
- Retain NCB
- Avoid inspection charges
- Keep premiums lower
Always keep your policy active, even if you do not ride often.
Install Safety Devices
Anti-theft devices approved by authorities can reduce premiums. They lower the risk of theft.
If your bike has:
- Engine immobiliser
- Advanced lock systems
You may get discounts on insurance. Inform the insurer about installed safety features.
Choose Third Party Only Cover if Needed
Comprehensive insurance offers wider protection but costs more. If your bike is very old, third party insurance may be enough.
Third party cover is:
- Mandatory by law
- Much cheaper
However, it does not cover damage to your bike. Choose wisely based on your vehicle’s age and value.
Buy Insurance Online
Online insurance policies are cheaper than offline ones. There are no agent commissions involved.
Online benefits include:
- Lower premium
- Instant policy issuance
- Easy comparison
Buying online is fast, safe, and cost-effective.
Conclusion
Getting cheaper two wheeler insurance in India is simple if you plan smartly. Compare plans, avoid unnecessary add-ons, and maintain a good claim record. Renew on time and choose coverage that suits your needs.
Insurance is not just a legal requirement. It is financial protection. With the right approach, you can save money and stay fully covered. Make informed decisions and enjoy worry-free riding every day.