Third Party Scooter Insurance Price In India

Posted on: Jun 12, 2025 | 3 mins | Written by: HDFC ERGO Team

Third Party Scooter Insurance Price In India

Whether you ride a fast 110cc scooter for everyday tasks or a powerful 350cc touring bike, you need two-wheeler insurance. You can protect your money from unexpected third-party risks with it.

Indians are buying a lot of scooters, which means there are more risks on the roads. If you know how required liability rates are calculated, what they cover, and how to keep the cost down, you can stay in line without spending too much.

Why Liability Cover Is Compulsory

Third-party bike insurance is a requirement under Indian law for scooter owners. This is so that your insurance company will pay for any harm, death, or property loss you cause to other people on the road.

The government sets the premiums every year based on a pricing system. If you don't pay, you could face heavy fines or have your car seized. Riders must update their licenses on time and always carry proof of coverage.

can take legal action against drivers who don't keep their policies up to date because courts can order drivers to pay accident victims out of their own pockets if their insurance company doesn't step in. So, a legal policy saves both society and the rider's money.

Coverage and Exclusions

A basic policy is the building block of all other bike insurance plans. It includes the following:

1. A court-awarded policy that covers endless responsibility for harm or death to a third party.

2. Pays up to ₹7.5 lakh for damage to someone else's property.

3. Protects the owner-rider in case of an accident if bought with the insurance.

4. It doesn't cover damage to the scooter, electrical parts, or normal wear and tear.

5. Doesn't make up for going while drunk, without a licence, or outside of your allowed area.

How Price Is Calculated

Annually, the government changes the risk rates for scooter insurance and two wheeler insurance classifying scooters based on their engine size:

1. Up to 75 cc: Premium starts around ₹538 for a one‑year cover.

2. 75-150 cc: Roughly ₹714.

3. 150-350 cc: About ₹1,366.

4. Above 350 cc: Approx. ₹2,804.

Five-year single-premium plans are offered at a lower composite rate for new scooters. People who own electric scooters get extra refunds of about 15%. Prices are the same nationwide, so stores and websites can't officially change them.

Other Charges That Influence Premium

People who ride bikes often get liability rates and comprehensive bike insurance mixed up. Own-damage coverage, theft security, personal accident benefits, and possible add-ons are all part of an insurance plan.

Tariffs control the third-party claims, and market links control the own damage. So, the last bill you pay at the register might have:

1. Own‑damage insurance (based on scooter IDV).

2. Extra costs, like no depreciation or motorist help.

3. The personal accident cover fee that you have to pay.

4. 18% Goods and Services Tax (GST).

Understanding each line item explains why two insurers can charge very different amounts for similar scooters.

Discounts and Ways to Save

Even though the price of third party bike insurance is set, you can still save money on your total insurance by making wise choices:

1. When you buy something, choose long-term liability cover to lock in the current price rates.

2. To get an own-damage rate, you must install a recognised anti-theft device.

3. When you buy a new bike, you can move over any current No-Claim Bonus from an old one.

4. You can get a membership rebate if you join an approved car club.

5. Check out comprehensive sets that cover more than one year; they often cost less than renewing every year.

Third‑Party vs Comprehensive Options

Mandatory liability reduces the cost of two-wheeler insurance to a minimum if price is your only worry. On the other hand, modern fibre-panel scooters can cost thousands of dollars to fix after a minor fall. When this happens, third-party-only plans don't pay out.

How you choose coverage depends on:

1. How old is the scooter, and how much is it worth on the market?

2. Daily riding route and where to park.

3. Personal desire for fixes that cost money.

Liability insurance is mandatory by law, but a more comprehensive policy based on strong bike insurance basics is preferable. It protects your savings from theft, accidents, fires, and natural disasters.

Buying the Policy Online: Step‑by‑Step

Digital platforms make adding or updating comprehensive bike insurance easy and quick. Do these things in order:

1. Type in the scooter's license number, engine size, and manufacturing year.

2. Check the state of an old policy or report a new purchase.

3. You can pick a liability term of one, three, or five years.

4. If you want, you can choose your damage fixes and add-ons.

5. Look over the total charge, provide your proof of identity, and pay safely.

6. You can get the e-policy and save a soft copy on your phone.

The whole process doesn't take more than ten minutes, and most websites connect straight to the transport database, so there's no need for paperwork.

Renewal and Compliance Reminders

You lose your right to ride if you let your two-wheeler insurance lapse, even for one day. Set alarms on your calendar or let your insurance company send you notes when it's time to renew.

Check any changes to the engine capacity slabs and update your address or cell phone number during the renewal process. Also, consider whether moving to a mixed package would be a better deal in the long run.

Conclusion

If you understand pricing slabs, extra fees, and smart ways to save money, your required third-party bike insurance payments will go from being an annoying cost to a smart investment in your peace of mind. You can protect yourself legally and financially by combining liability with extra covers that are right for your scooter's age and use.

Frequently Asked Questions

1. If I move to a different place, does the premium change?

Tariff-based liability rates don't change when you move, but own-damage charges might be different if insurers see different risks in different areas.

2. Will installing a speed exhaust change my insurance premium?

If you change an engine that affects its capacity, you have to reevaluate the price. Changes that only look nice don't affect liability pricing.

3. Does the No-Claim Bonus work for a pure third-party policy?

NCB only builds up on the own-damage part; third-party-only plans are still not qualified, but you can move any bonus you have to a combined cover if you switch to that one.

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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