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Best Two Wheeler Bike Insurance in Bangalore

(Compare & Buy Best Two Wheeler Bike insurance plans in Bangalore)

A Two-wheeler bike is the most common mode of transport in India due to various factors such as low maintenance, affordability, drive experience, and is also well suited on Indian roads. Third-party bike insurance is mandatory for every two-wheeler to ply in public places.

Without valid third-party bike insurance, you may be fined up to Rs.5000 or up to 3 months of imprisonment or both. Best bike insurance quotes in your city can be found on the online portal . It is of utmost importance to have the bike insurance valid at all times to avoid facing penalties and getting stuck in third-party claim settlement issues.

Two-wheeler insurance should be selected based on your needs and not just for the purpose of evading the authorities. Before taking bike insurance you need to understand the risks which could be possibly faced by you and the coverage should be selected accordingly.

Having a discussion with your insurance agent before taking the two-wheeler insurance policy could reduce the chances of claim denial in case of an accident or loss. Two-wheeler insurance has two sections namely; third party and Own damage.

Any kind of bodily injury or death including the property damage of a third party will be settled under the Third-party section by the insurance company and any kind of damage to the bike due to an insured peril acting at the time of accident or loss would be settled by the insurance company under the own damage section.

PolicyBachat aims to provide an unbiased comparison of two-wheeler insurance quotes from different insurance companies to its customers. We are working hard to provide the best quotes to our customers in these turbulent times of Covid-19, we are here to ensure that most of the people purchase their insurance by sitting at home through our website while we do the background work to provide the best quotes from different insurance companies.

Cheap Bike Insurance in Bangalore

Bangalore is the congested place in Karnataka due to the highest number of two-wheelers plying on roads. Each year almost 1.5 million two-wheelers would be added to Karnataka roads most of which would roam in the state capital.

The cheap bike insurance in Bangalore can be obtained online from Two Wheeler Insurance which would be Third-party insurance. Third-party bike insurance premium rates for the Bangalore location would be decided by the Insurance Regulatory and development authority of India and the prices are constant across all the insurance companies.

Here are the cheap bike insurance premium quotes in Bangalore for a Bajaj Pulsar, 2017 model, petrol, 150 cubic capacity, 2 seaters, and registered under Bangalore RTO. The rates for the other cities in Karnataka would be slightly lower than that of Bangalore due to the other cities being classified under Zone B, while Bangalore comes under Zone A.

Cheapest Companies TP Premium
HDFC ERGO 1127
IFFCO TOKIO 1102
SBI General 1308

Note: The cheapest bike insurance premium mentioned is for only Third party bike insurance premiums also known as the Mandatory bike insurance premium. The above prices include compulsory Owner driver personal accident premium which would differ from one insurance company to the other.

The above cheap bike insurance quotes are given which include third-party premium and compulsory owner-driver personal accident cover of Rs.15 Lacs. There is an option to take long-term bike insurance policy for more than 1 year i.e.; 2 years & 3 years.

It is advisable to take long-term two-wheeler insurance to prevent the chance of policy lapse due to default in renewal at the time of expiry. The premium for long-term bike insurance would be higher when compared to one-year insurance premium.

Best Bike Insurance in Bangalore

The Best bike insurance premium quotes in Bangalore are rated solely on the basis of the premium offered by the insurance company. The best bike insurance premium quotes given are purely for the purpose of understanding and the final decision is to be taken by the customer on the basis of his/her requirements.

The best bike insurance in Bangalore should be decided after taking into consideration all the factors such as Insured declared value offered, the premium charged by the insurance company, and extra coverage offered at an affordable premium.

Here are the best bike insurance premium quotes in Bangalore for a Bajaj Pulsar, 2017 model, petrol, 150 cubic capacity, 2 seaters, and registered under Bangalore RTO. The rates for the other cities in Karnataka would be slightly lower than that of Bangalore due to the other cities being classified under Zone B, while Bangalore comes under Zone A.

Best Companies IDV One year Comprehensive
Premium
Digit 35,000 1136
Royal Sundaram 44,790 1308
IFFCO TOKIO 35,000 1199
Liberty General 44,653 1421
HDFC ERGO 35,000 1226
Reliance 38,400 1416
Bajaj Allianz 44,820 1276

*Premiums given are for illustration purposes only* Please refer to the website for the exact premium.

Best Companies 2-year package premium 3-year package premium
HDFC ERGO 2354 3446
Bharti AXA GIC 2721 3960
Liberty General 2794 4228

The premiums for 2 & 3-year long-term bike insurance policies are less as there is some discount offered by the insurance companies to encourage customers to take long-term bike insurance.

How to pick the best two-wheeler bike insurance policy in Bangalore?

The best two-wheeler bike insurance policy in Bangalore can be selected based on the below factors. The advantage of online insurance purchase is that there would be many options that would otherwise not be available offline. In offline there would be a restriction of one or two options.

  • Insured Declared Value: Idv is the maximum liability of the insurance company in case of an accident or loss. Higher the IDV, higher would be the claim amount in case of total loss. Hence it is important to select the right IDV before purchasing the bike insurance policy online. In our portal, all the top general insurance companies would display their premiums and the highest IDV can be selected. It is important to note that the premium increases as the IDV increases.
  • Premium: The main thing everyone checks before purchasing a bike insurance policy is the premium charged by the insurance company. Almost all the insurance companies charge similar premiums depending on the IDV offered and any other extra coverage offered.
  • Add-ons: There are many add-ons or riders in bike insurance that are offered by the insurance companies. The best add-on suited for the Bangalore location is the Bumper to bumper add-on and Roadside assistance add-on. The bumper-to-bumper add-on is important to prevent from paying from pocket at the time of claim settlement as the amount for depreciation should be borne by the customer without the bumper-to-bumper add-on cover. Another add-on that should be taken by customers residing in low-lying areas is the Engine protection cover which helps greatly during flood times.
  • Claim Settlement Ratio: Claim settlement ratio is the number of claims settled to the number of claims received by the insurance company. The higher the claim settlement ratio higher would be the chance of your claim getting settled. It is also important to note the claim settlement time which plays a major role at the time of an accident. These days it would be difficult to manage a long time without a bike as most of our work would be dependent on the two-wheeler bike. Lower the claim settlement time, better the bike insurance policy.

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