Choosing the right insurer is just as important as choosing the right policy.
A low premium means little if the insurer delays claims or rejects them for trivial reasons.
With so many options in the market, it’s hard to know which company truly delivers fast service, transparent claims, and strong coverage.
In this post, we compare the best two-wheeler insurance companies in 2025, based on Claim Settlement Ratio (CSR), garage network, add-on options, and customer satisfaction - so riders in Hyderabad, Telangana can choose wisely and ride with confidence.
How to Judge an Insurance Company
| Factor |
Why It Matters |
| Claim Settlement Ratio (CSR) |
Shows how many claims are approved - higher = reliable. |
| Claim Speed |
Determines how quickly you get your payout. |
| Garage Network |
Wider network = easier cashless repairs. |
| Add-ons & Flexibility |
More customization for better coverage. |
| Customer Support |
24×7 accessibility and quick query handling. |
| Digital Experience |
Easy policy management and renewals online. |
Top Two-Wheeler Insurance Companies in 2025
| Rank |
Insurer |
CSR (%) |
Avg. Claim Time |
Key Add-ons |
Why Choose |
| 1 |
HDFC ERGO General Insurance |
92% |
5 days |
Zero Dep, Engine Protect, RSA |
High claim approval rate & digital speed |
| 2 |
ICICI Lombard General Insurance |
89% |
6 days |
RTI, NCB Protect, Key Cover |
Reliable service, easy mobile claim app |
| 3 |
Bajaj Allianz General Insurance |
87% |
7 days |
Zero Dep, Consumables, RSA |
Strong roadside assistance & garage network |
| 4 |
Tata AIG General Insurance |
85% |
6 days |
Engine Protect, Key Replacement |
Excellent coverage range |
| 5 |
SBI General Insurance |
83% |
8 days |
NCB Protect, RSA |
Budget-friendly for mass riders |
| 6 |
ACKO Insurance |
90% |
12 hours |
Charger Cover, Battery Protect |
100% digital, quick claim app |
| 7 |
Reliance General Insurance |
81% |
7 days |
RTI, Engine Protect, RSA |
Affordable premiums, good for old bikes |
(CSR data sourced from IRDAI annual report and public disclosures.)
Why Claim Settlement Ratio Matters
A CSR above 90% indicates strong reliability. High ratios mean insurers approve genuine claims faster, while low ones suggest stricter documentation or higher rejections.
Pro Tip: Always look for insurers with CSR > 90% and fast digital claim process (under 48 hours).
Average Premium Comparison in Hyderabad
| Bike Type |
HDFC ERGO |
ICICI Lombard |
Bajaj Allianz |
ACKO |
| Scooter |
₹850 |
₹900 |
₹880 |
₹780 |
| Commuter Bike |
₹1,100 |
₹1,150 |
₹1,120 |
₹950 |
| Sports Bike |
₹2,200 |
₹2,250 |
₹2,300 |
₹2,000 |
(Premiums include basic add-ons like Zero Dep & RSA.)
Local Insights for Hyderabad
- Most popular insurer among riders: HDFC ERGO General Insurance.
- Average claim processing time: 6 days.
- % of riders switching insurers annually: 14%.
- Most preferred add-on combo: Zero Dep + NCB Protect + RSA.
How to Choose the Best Insurer for You
- Compare CSR (should be above 90%).
- Check network garages near your area.
- Review premium vs IDV ratio - lower premium isn’t always better.
- Evaluate add-on availability (Zero Dep, NCB Protect, RSA).
- Read customer reviews on claim support and digital service.
- Always verify policy on VAHAN or insurer portal after purchase.
PolicyBachat’s Advantage
- Aggregates real-time data from 20+ insurers.
- Transparent claim ratio comparison.
- Premium calculator with add-on impact preview.
- Verified customer feedback from active policyholders.
- One-click digital policy issuance and renewal.
Common Mistakes When Choosing an Insurer
- Picking the cheapest premium blindly.
- Ignoring claim ratio and garage network.
- Skipping add-ons for high-value bikes.
- Missing renewal reminders.
- Not verifying insurer’s IRDAI registration.
Get Your Two-Wheeler Covered Today →
FAQs
Which is the best bike insurance company in India?
HDFC ERGO, ICICI Lombard, and Bajaj Allianz are top performers.
What is a good claim settlement ratio?
Above 90% is ideal.
Which insurer is cheapest for scooters?
ACKO and SBI General offer lowest premiums.
Which insurer has the largest garage network?
Bajaj Allianz and ICICI Lombard.
How do I verify my insurer’s claim ratio?
Check IRDAI’s annual report or PolicyBachat comparison page.
Are online insurers like ACKO reliable?
Yes, fully IRDAI-approved and safe.
Can I switch insurers during renewal?
Yes, NCB transfers automatically.
Which insurer offers best mobile app?
HDFC ERGO and ICICI Lombard.
Do insurers offer EMI for bike insurance?
Some, like ACKO and HDFC, do.
Which insurer is best for electric bikes?
ACKO, Tata AIG, and HDFC ERGO - with Battery Protect add-ons.
Does claim process differ between insurers?
Slightly, but digital claims are now standard.
Which company offers instant policy download?
All digital-first insurers (ACKO, PolicyBachat partners).
Can I buy multi-year cover directly online?
Yes, via PolicyBachat’s long-term options.
Do smaller insurers offer better pricing?
Often yes, but verify CSR before buying.
How often should I compare insurers?
Every renewal cycle for better rates.
Customer Reviews
- “Compared 5 insurers and picked one with 95% CSR - totally worth it.” - Ravi Pillai, Kochi
- “ICICI Lombard’s claim support was fast and clear.” - Sunil Bhatia, Delhi
- “ACKO’s digital policy arrived in seconds - smoothest process.” - Nisha Yadav, Hyderabad
- “Switched from offline agent to online - saved ₹700 instantly.” - Rohit Verma, Pune
- “Loved PolicyBachat’s transparent CSR comparison.” - Arunesh Naidu, Chennai
- “Claim approved in 48 hours, no questions asked.” - Megha Kapoor, Bengaluru
- “Now I renew only after checking claim ratios - this blog changed my view.” - Devendra Joshi, Ahmedabad
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