Bike Insurance

Bike insurance is an insurance policy required to provide protection to your two-wheeler against any damage which might result in a financial loss. In addition to it, any third party liability which has arisen due to the use of your two-wheeler is covered under bike insurance. As per the Motor Vehicle Act, it is mandatory to buy a third party bike insurance policy without which one cannot use the vehicle on road. Bike insurance policy saves you from financial loss in case of accidental damage or theft leading to a total or partial loss of your two-wheeler. Broadly, there are two types of insurance plans. Third party liability, which is the compulsory insurance and comprehensive plan. We recommend comprehensive cover over just third party liability as it offers much broader coverage.

Why choose HDFC ERGO Two Wheeler Insurance?

HDFC ERGO Two Wheeler insurance plan offers insurance coverage for your bike against damage from uncertain risks. Now get emergency assistance at the push of a button with our 24x7 roadside assistance service, also get rewarded for good driving record with No Claim Bonus upto 50%. You can enjoy your travel unhindered with pan India cashless garage network where you can get your bike repaired.

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 bike 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.