TOP 10 BIKE INSURANCE COMPANIES IN INDIA

Q: Is two-wheeler insurance mandatory in India?

Yes, it is compulsory to purchase a two-wheeler insurance in India, according to the Motor Vehicles Act, 1988.

Purchasing insurance for your bike or two-wheeler is highly essential and hence it is important to know which are the best companies that provide insurance that caters rightly to your security and protection needs. Let’s take a look and compare the ten best bike insurance companies in India taking various factors into consideration;

Top 10 Best Bike Insurance Companies in India:

Bike Insurance Companies	Strong Facet	Claim Settlement Ratio	Network Garages
IFFCO Tokio Bike Insurance	Offers a 24/7 customer service	95.82	4300+
HDFC Ergo Bike Insurance	Offers a wide variety of add-ons and has lower premiums	100	6800+
Royal Sundaram General Insurance	guarantees a quicker and smoother claim settlement process	92.66	4600+
Universal Sompo General Insurance	Offers a wide range of plans and has a high claim settlement ratio	90	3500+
The Oriental Insurance Company	Offers a wide variety of coverage and plans	94	3100+
Future Generali India Insurance	Provides many options for add-ons on policy cover and has a great customer service backing.	87.40	2500+
SBI General Insurance	Offers approachable and reliable policy purchase or renewal process.	94	16000+
TATA AIG Bike Insurance	Offers services that are easily accessible with a customer service that is very helpful	98	5000+
Bajaj Allianz Bike Insurance	Offers wide variety of insurance coverages with a high claim settlement ratio	88.83	4000+
The New India Insurance	offers wide ranging insurance coverage with an unlimited liability cover in case of death or injury of a third party	91	3000+

Important Factors To Consider While Choosing A Bike Insurance Policy

As you could see there are many insurance companies that offer bike insurance policy with great benefits, however along with meeting your needs of insurance always remember to consider few other factors while choosing the best plan for yourself;

Cashless network of two-wheeler workshops
Easy and convenient policy purchase and renewal process
Trust-worthy and reliable brand
High Claims settlement ratio
Facility of unlimited claims
Availability of wide-ranging Add-ons
Lower premiums for plans
Good discounts offered on plans
Wide coverage and protection offered on different plans
Excellent Customer care service
Smooth online digital payment options available
Choice of customised pricing on plans
No hidden costs or value depreciation traps
Added benefits of NCB and several discounts for settlement-free period

Different insurance companies offer different benefits to policyholders, be it wide coverage, variety of plans, quick customer service or reliable settlement process; you should compare and opt for the insurance company that best suits your needs.

FAQs – Frequently Asked Questions

Let’s take a look at some frequent queries on the best bike insurance companies in India;

Q1. Is two-wheeler insurance mandatory in India?

Yes, it is compulsory to purchase two-wheeler insurance in India, according to the Motor Vehicles Act, 1988.

Q2. Do I still get insurance in case I lose my two-wheeler insurance policy papers?

Yes, in case you have lost your two-wheeler insurance policy papers all you need to do is get a duplicate copy from your bike insurance provider and continue availing the benefits of your two-wheeler insurance.

Q3. Is it possible to change bike insurance providers?

Yes, you can change the insurer for your two-wheeler at the time of renewing your insurance policy.

Customer's Review

NCB Protection for Added Savings

The No-Claim Bonus Protection cover offered by Quickinsure Bike Insurance Policy is a great feature of their comprehensive coverage. Happy to have secured my bike under this policy.Mr.Nitesh Patil

Quick Claim Settlement for Own Damage

I had to file a claim for the Bike Insurance Policy for my own damage, and Quickinsure settled it quickly. Their efficiency made a challenging situation much easier to handle.Mr.Harshit Srivastava

Transparent Renewal Costs

Quickinsure renewal process is transparent, with clear details about costs and coverage for my Suzuki bike. I'm positive that I have got the best value for the Insurance Policy renewal of my bike from Chola MS.Mr.Hrishikesh Ambre

Reliable Partnerships

I recently purchased bike insurance with cashless benefits from Quickinsure. The quality of repairs and service at these garages has consistently exceeded my expectations due to their reliable partnerships.Mr.Omkar Khamitkar

Third-Party Insurance

Quickinsure’s website is full of informative articles and third party insurance is one of them. At time of renewal, I was glad to have added that to my policy. It secured my vehicle against damage by any third party.Mr.Gajanan Ingale

Great Customer Support for Zero-Depreciation Insurance

Quickinsure’s customer support was too helpful while explaining zero depreciation cover benefits under my TATA AIG policy for my Kawasaki bike.Mr.Vedant Dubey

Value-Retaining Protection

The Zero-Depreciation car policy with Quickinsure ensures and helps me retain my BMW’s value over time. I don't have to settle for reduced claim amounts due to added zero-depreciation protection.Mr.Harsh Sonawane

Fast and Easy Renewal Experience

My HDFC Insurance renewal for my pulsar bike with Quickinsure was fast and convenient. The entire process was online and time saving. I will recommend Quickinsure to all of my family and friends.Mr.Sushant Sangle

Hassle-Free Claim Settlement

Quickinsure team guided me through a hassle free claim process and promptly took action to settle the insurance claim under my Reliance Insurance policy for my Jawa bike. Highly recommend their services.Mr.Vijay Honrao

No Worries about Depreciation

I recently had to repair my KTM bike, and the entire process was hassle-free because of the IFFCO Tokio Bike Insurance Policy which had a zero depreciation cover. I didn't have to worry about expenses.Mr.Sunil Madde

Compare Multiple Plans Instantly

Quickinsure website instantly allows you to compare multiple insurance plans based on your requirements. I recommend everyone to use this website.Mr.Anupam Mishra

A Perfect Platform for All Your Bike Insurance Needs

If you're looking for bike insurance, I highly recommend Quickinsure based on my excellent experience with them. It's the best platform for bike insurance.Mr.Tejas Pundpal