Comprehensive vs. Third Party Bike Insurance

Owning your two-wheeler is a matter of pride and you would want to ensure no harm occurs to it. One way to get this security is by choosing the right insurance policy.

Two-wheeler insurance may be either a third party or a comprehensive coverage. The former type of coverage is mandatory as per the law. However, there are several benefits of availing of comprehensive coverage.

It is common that you may be confused between comprehensive vs. third party bike insurance coverage. The following table shows a comparison between these two types of policies offered by us at HDFC ERGO and may help you make the right decision.



Third party


Financial loss due to

  • Theft
  • Accident
  • Natural disaster

Coverage for

  • Injury or death of the third party
  • Damage to third party property

Personal accident cover

Third party liabilities arising due to

  • Injuries
  • Death
  • Property damage
  • Total or partial disability

Personal accident cover


  • Contractual liabilities
  • Regular wear and tear
  • Mechanical and electrical breakdown
  • Damage or loss due to war, mutiny, nuclear risks
  • Depreciation
  • Contractual liabilities
  • Damage or liability arising outside geographic area
  • Uncovered use of the bike
  • Liabilities arising from nuclear weapons



  • Long-term protection eliminating annual renewal hassles
  • Save money by avoiding annual premium increases
  • No claim bonus discount irrespective of claims
  • Discount on premium when you purchase long-term insurance
  • Get cover for three years
  • Paperless transaction
  • Break from annual renewal
  • Protection against third party rates revisions


Premium amount depends on

  • Insured declared value
  • Engine capacity
  • Age of the bike
  • Place of registration
  • No claim bonus

Premium is payable as per the guidelines determined by the Insurance and Regulatory Development Authority (IRDA)

Choosing between third party and comprehensive cover

Now that you understand the difference between comprehensive and third party two-wheeler insurance, you may want to know which one to choose when. While making this choice, it is important for you to remember that a comprehensive cover includes the benefits available under the third party two-wheeler insurance policy. Therefore, opting for the former is beneficial. Here are two points that may help you make the accurate choice.

  1. New and less used bike

If your bike is not very old and you do not use it very frequently, opting for thirdparty coverage may be sufficient. In case there is an accident that causes damage to your bike, you may pay for the repairs through your personal resources.

  1. Avoid using your personal sources

You will have to use your personal sources to pay for repairs or suffer the loss in case of theft. However, if you want to avoid dipping into your savings or personal sources to fund such situations, opting for a comprehensive coverage is recommended.

Third party two-wheeler insurance is cheaper than comprehensive coverage. However, the former does not offer complete protection. Thirdparty coverage is sufficient to meet mandatory requirements but have you considered the financial implications in case of severe damages? As the number of road accidents rises in India, a comprehensive two-wheeler insurance coverage is recommended to avail of complete protection.

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