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Best Two Wheeler Bike Insurance in Hyderabad

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

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 the public places.

Without a 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 important to have the bike insurance valid at all times to avoid facing penalty and getting struck in the third party claim settlement issues.

Two wheeler insurance should be selected based on your needs and not just for the purpose of evading from 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 any 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 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 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 Hyderabad

Hyderabad is the busiest place in Telangana due to the highest number of two wheelers plying on roads. Each year almost 1 million two-wheelers would be added to Telangana roads most of which would roam in the state capital.

The cheap bike insurance in Hyderabad can be obtained online from Two Wheeler Insurance which would be the Third party insurance. Third party bike insurance premium rates for Hyderabad 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 Hyderabad for a Bajaj Pulsar, 2017 model, petrol, 150 cubic capacity, 2 seater and registered under Hyderabad RTO. The rates for the other cities in Telangana would be slightly lower than that of the Hyderabad due to the other cities being classified under Zone B, while Hyderabad comes under Zone A.

Cheapest Companies TP Premium
HDFC ERGO 1127
IFFCO TOKIO 1102
BAJAJ ALLIANZ 1083

Note: The cheapest bike insurance premium mentioned is for only Third party bike insurance premium 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 Hyderabad

The Best bike insurance premium quotes in Hyderabad are rated solely on the basis of 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 customer on the basis of his/her requirements.

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

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

Best Companies IDV One year Comprehensive Premium
Digit 35,000 1071
Royal Sundaram 44,521 1307
IFFCO TOKIO 35,000 1102
Liberty General 44,653 1421
Reliance 38,400 1380
Bajaj Allianz 45,968 1535

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

Best Companies 2 year package premium 3 year package premium
HDFC ERGO 2401 3508
Bharati 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 Hyderabad?

Best two wheeler bike insurance policy in Hyderabad can be selected based on the below factors. The advantage of online insurance purchase is that there would be many options which would otherwise not be available offline. In offline there would be 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 rider in bike insurance which are offered by the insurance companies. The best add-on suited for Hyderabad location is the Bumper to bumper add-on and Road side 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.
  • Claim Settlement Ratio: Claim settlement ratio is the number of claims settled to the number of claims received by the insurance company. 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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