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5 Ways to Save On Bike Insurance

Published on July 26, 2019. EST READ TIME: 5 MIN

Buying two wheeler insurance for your beloved bike is a mandate, especially the third party liability only without which riding is illegal in India. Even though third party liability only policy is compulsory for riding on a public road, it isn’t sufficient as it won’t cover your own vehicle damage or offer protection against theft and natural calamities. Hence, it is always advisable to opt for a comprehensive bike insurance policy for all around protection. Though the premium cost for comprehensive cover is slightly high as compared to the third party liability, there are several ways by which you can save on bike insurance and get maximum cover at affordable premium.

Compare policies

It’s always beneficial to compare various bike insurance plans online before making a buying decision. Read the list of coverage and find out what’s essential before choosing the right policy. Comparison merely on premium basis isn’t the right way to compare, as with lower premium you may acquire lesser coverage. However, comparing can get you your well suited policy at competitive rates.

Choosing features as per requirement

You can choose additional covers as per your vehicle’s requirement. Choosing a policy with prominent features only will help in reducing the premium amount, more the optional covers and add ons you choose higher goes the premium amount.

No claim bonus

Whenever you ride carefully without making any accidental claims during your policy tenure, you are eligible to achieve bike insurance NCB which means insurance company will give you a discount on your next renewal premium amount as a reward for making zero claims. This benefit is good premium saver, hence always check the bike insurance NCB before renewing your policy.

Follow Safety Norms

Riding carefully and following the traffic rules will help in reducing the chances of accidents and further lead to zero claims.

While buying a motor insurance policy for bike, keep the above things in mind. It will help you in saving your premium amount.

This blog has been written by

S. Gopalakrishnan | Motor Insurance Expert | 40+ years of experience in insurance industry

A veteran in insurance industry. S. Gopalakrishnan is a name to reckon with in the field of reinsurance, he has headed the Reinsurance department and has rich experience in other fields of motor insurance. He loves to share his opinion on latest topics in the insurance industry and how he can help people in safeguarding their assets using insurance products.

S. Gopalakrishnan recommends "HDFC ERGO for your vehicle insurance needs, it has always put customer’s interest at the forefront, with round the clock assistance to deal with emergency breakdown issues and hassle free claims process. You can be assured of complete and reliable guidance through the whole process".

Few other articles

  • How to Choose Two Wheeler Insurance?

  • How to Calculate Bike Insurance Premium in India

  • Benefits of Online Renewal of Two Wheeler Insurance


  • Awards & Recognition