Best Bike Insurance Companies in India

The insurer’s brand reputation is one of the primary factors you must consider before choosing an insurer. Check user reviews on the internet to learn about the insurer’s services and the overall experience of existing customers while choosing the best bike insurance in India.

The bike insurance cost is also one of the primary factors when choosing a suitable insurance company for your two-wheeler. For instance, at ACKO, you can get two-wheeler insurance at an affordable price since we work on the direct-to-customer model and avoid middlemen commissions, enabling us to create low-cost two-wheeler insurance policies.

The IRDAI is the regulator of the Indian insurance industry. Opting for an IRDAI-approved insurer is ideal since it follows the guidelines and regulations issued by the regulator. Hence, policyholders enjoy sufficient benefits without worrying about the insurer's credibility.

The Claim Settlement Ratio (CSR) is the percentage of claims settled out of the total claims received in a year. It acts as an indicator of the insurer's credibility in the market. Typically, the higher the CSR, the higher the insurer's credibility.

Most insurers have tie-ups with garages across the country. These are known as network or partner garages, and the main benefit of these garages is that they enable cashless bike insurance claims. Here, the insurer, for instance, ACKO, settles the repair bill directly with the network garage. Select an insurer with a vast network of partner garages for a better claim experience.

Opt for an insurer that offers a quick and easy process to raise claims against your bike insurance policy while hunting for the best bike insurance in India. At ACKO, you can submit a claim without the need for physical documentation within a few clicks on our website/app. Hence, it is better to buy the best bike insurance online for a hassle-free experience.

Check with your insurer about the availability of add-ons. The availability of add-ons gives you the option to customise your bike insurance policy as per your needs.

Before choosing any bike insurance plan, you should check the policy inclusions and exclusions. This will give you a clear understanding regarding what is covered and not covered in the policy.

You should choose an insurer that has a 24*7 customer support team. When you do so, you will be able to reach out to the support team anytime, whenever you have any query. 

A Third-party Bike Insurance Policy is the basic and mandatory insurance policy. It provides financial protection against third-party liabilities, including death or injury to a third party or damages to their vehicle. However, it does not cover damages to your bike, and you cannot opt for add-on covers to increase the insurance coverage.

A Comprehensive Bike Insurance Policy is an all-inclusive insurance policy offering financial protection against your bike's damages and third-party losses. Damages sustained by your two-wheeler due to a road accident, natural or manmade calamities, fire, explosions, and theft are covered under this bike insurance policy. You can also opt for add-on covers to further increase the policy coverage. It is the best bike insurance policy you can buy.

The OD Cover is an insurance policy offering financial protection in case your bike gets damaged. It also covers bike theft, but it does not cover third-party liabilities. You can also opt for add-on covers to enhance your bike insurance coverage (subject to availability).