Two-wheeler insurance has become necessary for bikes as it helps prevent liabilities and other problems of financial losses incurred by the owner/rider of the bike. Bike insurance policy lets customers know more about the plan with an excellent customer service team that helps in answering relevant queries.
While buying any two-wheeler insurance, one should give importance to the company to meet their personalized insurance goals. It is advisable to scrutinize the insurance company minutely so that it helps in choosing the best insurance plan ensuring a hassle-free decision with the right kind of features and coverage.
List of the best two-wheeler insurance companies in India 2023
1. Tata AIG two-wheeler insurance company
Tata AIG is one of the two-wheeler insurance companies in the market offering fascinating plans. It also has high success rates that add more credibility on its name. The company gains more advantages by providing variety of add-ons and other plans. Going paperless insurance system has resulted in smooth functioning of its entire process.
2. Bajaj Allianz General insurance Company
Bajaj Allianz is one of the most popular insurance company that offers a wide range of insurance plans for two-wheelers. Its main objective is to satisfy the needs of customers while deciding on purchasing any kind of plan. The company renders plans at reasonable prices addressing the exact needs of buyers to a large extent.
3. SBI two-wheeler insurance
SBI is also one of the leading public insurance companies that provide insurance plans for customers at competitive costs. It offers various add-ons and features such as premium discounts, third-party liability, coverage for natural calamities, man-made calamities, inbuilt add-ons, etc. Apart from all these, it even has a scheme of “No Claim Bonus” (NCB), thereby showing ways to get a maximum discount during the renewal process.
4. National Insurance Company
Many awards have been won by National Insurance company for delivering various services and products. The company aims at fulfilling the expectations of two-wheeler owners while purchasing any insurance plan. It even allows customers to protect against man-made mistakes, calamities, and other problems.
5. New India Bike Insurance
New India is considered the best two-wheeler insurance company as it offers various types of plans for customers at suitable budgets. In case of own damage coverage, this company allows the two-wheeler owner to determine their IDVs (Insured Declared Value) accordingly.
6. HDFC ERGO General insurance company
HDFC ERGO General insurance company is a famous two-wheeler insurance company providing users with huge discounted insurance plans. It provides the facility of unlimited claims and has a network of approx. 6800 garages. Different types of plans are offered by the company such as two-wheeler insurance plan, third-party coverage plan, standalone own damage coverage plan, and brand new bike coverage.
7. Royal Sundaram Bike Insurance
In order to overcome unwanted complications while riding a vehicle on the roads, Royal Sundaram Bike Insurance offers suitable plans as per the customer needs. The company provides an excellent support team that guides customers on buying the best insurance policies available in the market. Also, the company offers a plan that has a coverage of up to 1 lakh for any kind of property damage under third-party insurance.
8. Bharti AXA General insurance company
Bharti AXA is among the top bike insurance companies in India that offers various add-ons for two-wheelers on buying a new plan. Depreciation cover, roadside assistance, invoice price cover, engine & gearbox protection coverage, etc. are some of the add-ons provided by this insurance company.
Conclusion/Key Takeaways
Buying a two-wheeler insurance in India requires careful consideration of several factors. One may choose a policy that provides adequate coverage including some add-ons such as depreciation cover, road side assistance, invoice price cover, engine and gearbox protection coverage etc. With Quickinsure one can get instant quotes from multiple insurers and buy/renew insurance policy accordingly.
We know how important a two wheeler vehicle is in our daily life.
Two wheelers certainly play a major part in our life.
India is a country of uncertainties where accidents can happen anytime and anywhere, regardless of all the caution you maintain.An accident can leave you or your family in a negative situation plus you will end up paying a hefty amount for the repairing of your vehicle.
So in order to secure each of your rides, you must consider the best bike insurance policy.
Here are some of significant factors to consider:Select the Right IDVIn most of the cases it has been found that people choose lower amount of IDV (Insured Declared Value) while buying or renewing their two wheeler insurance online.
They do this to get a lower premium.
