What is Two Wheeler Insurance?

Two Wheeler Insurance offers insurance coverage for your two wheeler and it's riders from damages due to unforeseen incidents like accidents, natural calamities like floods, earthquake, storms, landslides and man made events like riots, arson, civil unrest etc. It is a protection cover that saves you from financial loss in case of an accidental damage or theft leading to total or partial loss of your two wheeler. Broadly, there are two types of insurance plan. Third party liability, which is the compulsory insurance and comprehensive plan. We recommend comprehensive cover over just third party liability as it offers a much broader coverage.

Why choose HDFC ERGO Two Wheeler Insurance?

Just as every little thing that you own is nurtured and protected, your Two-Wheeler also needs to be safeguarded against the effects of accidents, natural calamities, theft, and malicious damage. Imagine, in a world where minor repairs and maintenance costs you a lot, what would be the stretch of expenses that you may have to make if your vehicle is stolen or gets damaged totally? Your finances go for a toss as you will have to bear the expenses for repairing it. To avoid such a financial loss and stay protected, it’s advisable to buy a Two-Wheeler Insurance plan with comprehensive cover. This covers your own vehicle’s damage as well as third party liabilities. The below offerings are aptly designed to secure you from unforseen expenses.

Factors affecting Two Wheeler Insurance Premium

• Scope of Coverage: When you opt for comprehensive two wheeler insurance instead of just buying third party, you need to pay additional premium but the benefits far outweigh the costs as the risks covered is more than the third party coverage.


• Security Systems: If you have installed components that increases the security of your two wheeler, then your two wheeler insurer could take a positive view of the change and provide a reduction in the premium amount.


• Age of the Two Wheeler: Two Wheeler is an asset whose value decrease with time, depreciation is charged which reduces the market value of two wheeler, higher the age of two wheeler, the less its market value.


• No claim bonus: No claim bonus is the reward that the policyholder is eligible to receive for every claim free year. The reward ranges from 20%-50% and is offered at the time of two wheeler insurance policy renewal. Making a single claim for even minor damage can make you lose out on the accumulated IDV. Therefore, it is always advisable not to make a claim for minor damages as you can save on the premium at the time of policy renewal. Not renewing your two wheeler insurance within 90 days from the date of expiry will make you lose out on the NCB.


• Make & Model: The factors would include year of manufacture, make and model, geographic location, place of registration, fuel type and number of miles run.