Different Types of Bike Insurance

Posted on: Jul 25, 2025 | 3 mins | Written by: HDFC ERGO Team

Different Types of Bike Insurance

There are different types of bike insurance available for all types of two-wheelers, including motorcycles, moped bikes, scooters, and electric bikes. Choosing the right policy is crucial since your choice will determine the type of coverage and benefits you get.

Here's a detailed guide on the bike insurance types available and which one you can consider based on your preferences.

Different Kinds of Bike Insurance Coverages

Although vehicle insurance has become mandatory and a common thing, some bike owners are still unaware of what are the different types of two wheeler insurance. Here are the covers you can compare and choose from:

1. Third Party Bike Insurance

It is a must-have for all two-wheeler owners. It is the most basic policy type and is quite cheap due to its limited coverage. The Motor Vehicles Act of 1988 mandates all bike riders to own at least a third-party liability cover. This insurance provides financial protection against any injury caused to third parties or damage to their property by your vehicle. However, the insured bike's damages are not covered under this plan.

2. Comprehensive Bike Insurance

It gives the bike owner all-around protection. It offers coverage for own damage (OD) and third-party liabilities. The OD part protects against theft and damages to the insured two-wheeler due to accidents, fire and manmade or natural calamities. Comprehensive insurance also allows you to purchase add-ons for specific needs or circumstances by paying a little extra premium. You can choose riders like engine protection, roadside assistance, key replacement, zero depreciation cover, etc.

3. Stand Alone Own Damage Bike Insurance

It can be bought separately with a third-party liability cover to get complete protection. It covers losses or damages caused to your two-wheeler. The damages may result from road accidents, theft, fire, floods, earthquakes, vandalism, etc.

A standalone OD cover also gives you the flexibility to choose a different insurer from the one providing your third-party coverage. Riders are also available with an OD plan, so you have the option to customise the policy according to your needs.

4. Add-on Covers For Bike Insurance

These are optional features that you can add to your comprehensive two-wheeler insurance plan at an extra cost to receive additional benefits. Even though the standard comprehensive policy covers many common road risks, it still does not cover everything. The add-ons help by filling in those gaps, giving protection for particular conditions that may be important to you.

Some of the essential riders may include the following:

●Zero depreciation cover

This is a cover for your bike's depreciating parts. So, whenever you make a claim, the insurer will not consider the reduction in value of your bike due to wear and tear. Hence, it may lead to a higher claim settlement.

●Roadside assistance cover

This add-on helps in case of emergencies, such as a breakdown. It provides services like towing, battery jump start, fuel delivery, tyre repair, etc., making sure you are not stranded on the road.

●Engine protection cover

This add-on protects your bike's engine against damage that may be caused by oil leakage or water ingress. It can save you from financial strains since repairs or replacement of the engine and other electrical parts can be too costly.

●Consumables cover

The rider can help cover the cost of bike consumables such as bolts, nuts, engine oil, etc, which standard policies may not include.

How to Buy Bike Insurance Online?

Follow the steps below to buy bike insurance online:

● Use a trusted insurance aggregator website or visit the website of your preferred insurer.
● Enter your bike's details, such as make, model, variant, registration number, etc.
● Choose your preferred insurance coverage, either third-party or comprehensive, and any add-ons you may desire.
● Provide personal information such as your name, address, contact number, and ID proof details.
● Carefully review the details of the policy and the premium amount.
● Once you agree to the terms and amount, you can proceed by making the online payment.
● Wait to receive the policy documents in your email.
● Download and print the policy document.

Note: When filling in your bike details, you may wonder what is variant in two-wheeler insurance, when this term appears in the form. This refers to the specific version of your motorcycle.

Conclusion

Having a two-wheeler insurance policy is paramount! It offers financial and legal help to the insured bike owner, giving security and peace of mind. With the increase in the number of two-wheelers operating on the roads, there is a higher risk of bike accidents. Hence, it's crucial to have a reliable policy to help you overcome any financial loss resulting from possible accidental damage or other calamities.

Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

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