Cruising down the road on your motorbike is a liberating experience, the wind whipping through your hair. But before you hit the road, you need to focus on the essentials, like bike insurance. Get a two wheeler insurance that protects you from financial blows in case of mishaps. Thinking of getting bike insurance online? Feeling overwhelmed by options? The hacks mentioned below will help you to get the right bike insurance and secure the coverage that suits your needs.
Exploring the Online Bike Insurance Landscape
The insurance market consists of various reputable insurance companies offering bike insurance policies. Here are some leading players to consider:
- Acko General Insurance
- Bajaj Allianz General Insurance Company
- HDFC Ergo General Insurance Company
- Digit Insurance
- The Oriental Insurance Company (The Oriental)
5 Hacks to Get the Bike Insurance Coverage You Need
Let’s delve into the hacks that will transform you into a master of online bike insurance:
- Hack #1: Know Your Needs
Before diving into online quotes, identify your specific requirements. Do you need basic third-party liability coverage, mandated by law in India, or do you seek comprehensive protection for your bike? Considering your budget and the value of your bike will guide your decision. - Hack #2: Compare and Contrast
Don’t settle for the first quote you see! Reputable online platforms allow you to compare quotes from various insurers side-by-side. This lets you to compare features, coverage details, and premiums to find the most cost-effective option. - Hack # 3: Customize Your Coverage
Insurers offer the flexibility to tailor your policy with add-on covers. Consider add-ons like personal accident cover for yourself or passenger pillion riders, or roadside assistance for unexpected breakdowns. Remember, customisation allows you to optimise your coverage without overspending. - Hack #4: Read the Fine Print
Don’t get caught off guard! Review the policy wording (often called the “policy wording” or “terms and conditions”) before finalising your purchase. This ensures you understand what is and isn’t covered under the policy, preventing any surprises later. - Hack #5: Consider Claim Settlement Ratio
A crucial factor to consider is the insurer’s claim settlement ratio. This ratio represents the percentage of claims settled by the insurer compared to the total number of claims received. A higher ratio indicates a higher likelihood of your claim being settled.
Beyond the Hacks: Additional Tips for Online Bike Insurance
- Leverage Online Resources
Several online resources offer bike insurance guides and comparisons. Utilise these tools to enhance your understanding and decision-making process. - Beware of Unrealistic Discounts
While attractive discounts are tempting, prioritise reputable insurers over exceptionally cheap quotes. Remember, the cheapest option might not always offer the most comprehensive coverage.
The Final Gear Shift: Making an Informed Decision
By employing these hacks and remaining vigilant, you can choose the best two wheeler insurance with confidence. Remember, an ideal policy offers the right coverage, affordable premium, and a hassle-free claim settlement process. So, buckle up, leverage choices, and secure the perfect bike insurance policy online for a smooth and secure ride!
How to File a Bike Insurance Claim
Even the most cautious rider can encounter unexpected mishaps on the road. If you’re involved in an accident and need to make a claim, here’s a general guide to help you navigate the process:
- Stay Calm and Gather Information
Ensure everyone involved in the accident is safe. Exchange contact details and insurance information with the other parties involved. If possible, take pictures of the damage to both vehicles and any surrounding property damage. Note down the date, time, and location of the accident. - Inform Your Insurance Company Immediately
Contact your insurance company as soon as possible after the accident. You can reach them via their toll-free number, customer service portal, or mobile app
