A third-party liability, only insurance policy is compulsory if you want to use your vehicle in India, as per the Indian Motor Vehicles Act, 1988. To avoid a price increase in premium, make sure to renew your bike insurance as soon as possible.ĭriving without valid two-wheeler insurance in India can land you in trouble with the law enforcement authorities. Renew Your Insurance on Time: When a car insurance policy is about to expire, the NCB benefit is only valid for 90 days from the policy's due date. You must choose only those add-ons which are crucial, provide benefits to you and fall in your budget. As a result, as the age of your car increases, the premium you need to pay decreases.Ĭhoose Suitable Add-on Covers: Though add-ons can provide some important additional benefits, they tend to increase the amount of your bike insurance premium. Know Your Vehicles Age: Because of depreciation, the market value or Insure Declared Value of your bike decreases as it gets older.
Hence, installing safety and anti-theft devices approved by Automotive Research Association of India (ARAI) will reduce your premium amount. Ensure companies offer lower bike insurance premiums if your vehicle is well secured with anti-theft devices. Install Safety Devices: The more secure your vehicle is, the lesser it becomes a liability for your bike insurance provider. In either case, for every year when you don't make a claim, an NCB can be availed, which can significantly reduce your bike insurance premium. By comparing, you will be able to identify which policy offers maximum benefits at minimal premium, to compare and get best deals, visit our Bike Insurance Compare sectionĬlaim Your No Claim Bonus (NCB): Ensure claiming your No-Claim Bonus (NCB) discount on your bike insurance premium, whether you opt for a two-wheeler insurance renewal or a new bike insurance plan.
Keep a note of the coverage and other benefits offered by various bike insurance companies and choose the one that fits your budget and requirements.
Below are some tips to save a considerable amount on your insurance premium:Ĭompare Plans: When getting a two-wheeler insurance online, the best decision is to first compare bike insurance policies online. To ensure you get the most benefits out of your bike insurance policy, you must keep in mind the factors that affect your bike insurance premium.
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