Buying your first bike is exciting - but before you hit the road, there’s one legal requirement you can’t skip: two-wheeler insurance.
Under Indian law, every new bike must be insured before registration. Since 2018, IRDAI has made 5-year third-party insurance mandatory for all new two-wheelers.
With PolicyBachat, you can compare, customize, and buy your new bike insurance policy in minutes, right from your phone.
This guide walks you through everything new owners need to know - from choosing the right coverage to understanding IDV, add-ons, and policy documents - so you can ride confidently and fully protected.
Why New Bikes Need Insurance
- Legal Requirement: Third-party liability insurance is compulsory by law.
- Financial Protection: Covers theft, accidents, natural disasters, and fire.
- Peace of Mind: Ensures you can ride safely from day one.
- Mandatory for Registration: Dealer or RTO requires proof of valid insurance before delivery.
Types of New Bike Insurance
| Type |
Covers |
Ideal For |
| Third-Party |
Damage to others’ property or injury. |
Basic legal requirement. |
| Comprehensive |
Third-party + your bike’s damage/theft/fire/natural disaster. |
New bikes and high-value models. |
| Bundled 5-Year TP Plan |
5 years TP + 1 year Own Damage combined. |
All new bikes post-2018 rule. |
Key Features of New Bike Insurance
- Instant coverage: Starts from the moment your policy is issued.
- Cashless repairs: Available across 7,000+ network garages in India.
- E-policy: Digital copy accepted by RTO and traffic police.
- Add-on support: Choose extra protection like Zero Dep and Engine Protect.
- Renewal reminders: Automatic alerts before expiry.
Average Cost of New Bike Insurance in Hyderabad
| Bike Type |
IDV (₹) |
1-Year OD + 5-Year TP Bundle (₹) |
| Scooter |
₹80,000-₹1,00,000 |
₹5,200-₹6,000 |
| Commuter Bike |
₹90,000-₹1,20,000 |
₹5,500-₹6,500 |
| Sports Bike |
₹1,80,000-₹3,00,000 |
₹7,000-₹9,000 |
| Electric Bike |
₹1,00,000-₹1,50,000 |
₹4,500-₹5,500 |
(Values vary by RTO and insurer.)
Must-Have Add-ons for New Bikes
| Add-on |
Why It’s Important |
| Zero Depreciation |
Ensures full claim value for replaced parts. |
| Return to Invoice (RTI) |
Pays full invoice price if your bike is stolen or totaled. |
| Engine Protect |
Saves against oil leakage or flood damage. |
| Roadside Assistance (RSA) |
On-call towing, fuel, and flat-tyre help. |
| NCB Protect |
Keeps your No Claim Bonus intact even after a small claim. |
How to Buy New Bike Insurance Online
- Visit PolicyBachat → Select “Two-Wheeler Insurance.”
- Enter your bike make, model, and RTO city (Hyderabad, Telangana).
- Compare quotes from multiple insurers like HDFC ERGO, ICICI Lombard, Bajaj Allianz.
- Choose coverage (Comprehensive recommended for new bikes).
- Add desired add-ons and pay securely online.
- Get instant e-policy - valid for registration and road use.
Pro Tip: Don’t buy default dealership insurance without checking prices - online plans can be 20-30% cheaper.
Documents Required for New Bike Insurance
- Invoice or sales receipt.
- Temporary registration number.
- Owner details (PAN, address proof).
- Vehicle details (make, model, chassis number).
(No physical inspection needed for brand-new vehicles.)
Benefits of Buying Online Through PolicyBachat
- Compare plans from 20+ IRDAI-approved insurers.
- Transparent pricing with no hidden charges.
- Customize coverage as per your city’s risk zone.
- Get digital copy instantly for RTO upload.
- Expert support for claims and renewals.
Local Insights for Hyderabad
- % of riders choosing comprehensive plans: 58%
- Top insured new models: Pulsar NS200, KTM Duke 250, Honda CB Shine SP.
- Avg. delivery-to-insurance gap: 36 hours.
- Top insurers for new bikes: HDFC ERGO, ICICI Lombard, Bajaj Allianz.
Get Your Two-Wheeler Covered Today →
FAQs
Is insurance mandatory for new bikes?
Yes, third-party insurance is compulsory by law.
Can I ride my new bike without insurance?
No, even a single ride without insurance is illegal.
Do I need to buy from the dealer?
No, you can buy directly online for better rates.
How long should new bike insurance last?
At least 5 years of third-party cover (as per IRDAI).
What’s included in a bundled plan?
5 years of third-party + 1 year of own damage cover.
Can I switch insurer after the first year?
Yes, at the time of renewal of the OD portion.
Does new bike insurance cover theft?
Yes, under comprehensive coverage.
Can I add Zero Dep after buying the bike?
Only during purchase or renewal.
Is Return to Invoice worth it?
Yes, it gives full compensation for total loss.
Are digital policies accepted by RTO?
Yes, e-policies are legally valid nationwide.
Can I get multi-year OD cover too?
Yes, many insurers offer 3-5 year comprehensive plans.
Do EVs follow the same rule?
Yes, electric bikes require insurance before delivery.
Can I transfer insurance if I sell the bike?
Yes, within 14 days to the new owner.
Is inspection required for new bikes?
No, since they’re brand-new vehicles.
How soon does coverage start?
Immediately after policy activation.
Customer Reviews
- “Got my new bike insured before delivery - seamless process.” - Manoj Pillai, Kochi
- “Dealer quoted ₹8,000 - got it for ₹5,900 online!” - Rekha Sharma, Delhi
- “Quick and easy, policy came on WhatsApp instantly.” - Devendra Patil, Pune
- “Zero Dep and RTI combo gave me total peace of mind.” - Anusha Krishnan, Chennai
- “PolicyBachat saved me ₹1,500 on my Ather 450X insurance.” - Imran Qureshi, Hyderabad
- “Fast, paperless, and cheaper than showroom options.” - Ritika Paul, Bengaluru
- “Perfect for first-time buyers like me.” - Akash Sen, Kolkata
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