TOP 10 BIKE INSURANCE COMPANIES IN INDIA

List of Bike Insurance Companies in India

There are around 24 bike insurance providers in India. All bike insurance companies come with their unique features, competitive premiums and tailored policies. One can choose the insurance company for their two wheeler insurance purchase according to the claim settlement ratio, add-ons. In this blog we are going to explore the best 13 bike insurance companies from India.

 

 

13 Best Two-Wheeler Insurance Companies in India

The following table provides information on best bike insurance companies in India according to their last year claim settlement ratio, number of networked garages they have.
 

Disclaimer:
Above mentioned Claim Settlement Ratio is as per figures mentioned by IRDAI in motor insurance report 2022-2023. This list comprises the two wheeler insurance products offered by Quickinsure's partners. For complete list of two-wheeler insurance provider companies in India, you can refer official website of Insurance Regulatory and Development Authority of India at www.irdai.gov.in. 

 

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.

 

Bike Insurance Companies - FAQs

Which is the best bike insurance company in India?

There are around 24 companies in India that provide two wheeler insurance. The best bike insurance company may depend on the individual budget, requirements. 

 

Can I port bike insurance to another company after purchase?

Yes, you can port two wheeler insurance to another insurance company at the time of insurance policy renewal.

 

Where can I check the bike insurance claim settlement ratio for all insurance companies?

There are various ways to check CSR, you can get claim settlement ratio details of bike insurance companies in annual reports published by IRDAI. Nowadays, many insurance companies also disclose their CSR data to the consumers.