two wheeler insurance

What is two wheeler insurance?

Two Wheeler insurance is an insurance policy which protects you, your two wheeler and an affected third party from financial losses arising out of an unforeseen incident.
As per the Motor vehicle act , it is mandatory in India to have at least a third party two wheeler insurance to drive vehicle on road. Having this valid mandatory two wheeler insurance prevents you from the hefty fines as well. 
There are several optional covers to choose from in a two wheeler insurance policy. These are zero depreciation cover.  

How to buy Two wheeler insurance online with Quickinsure?

Buying a two wheeler insurance policy online with Quickinsure is quite simple and hassle free.
Step 1:- Fill your car details on Quickinsure website or simply provide your two wheeler number.
Optionally you can provide your two wheeler details such as its make, model, RTO, NCB and manufacturing year.
Step 2:- Compare the best two wheeler insurance quotes from top insurance companies in India.
On the basis of information provided by you, you can choose the best two wheeler insurance plans from top insurance companies in India.
Step 3:- Make payment online
Pay the premium of two wheeler insurance directly to the insurance company and get the insurance policy instantly in your mailbox.

Types of two wheeler Insurance in India

While planning to buy car insurance online with Quickinsure, you can choose from different types of car insurance.

1) Comprehensive Two Wheeler Insurance

Comprehensive two wheeler insurance includes the third party liability and damages caused to the two wheeler and the owner of the two wheeler. Comprehensive two wheelr insurance can be opted with various add-ons such as Zero depreciation cover. These add-ons are very popular options as these provide a complete protection from financial losses.

2) Third Party two Wheeler insurance

Third party two wheeler insurance covers the third party liability which arises in the event of two wheeler accident. In this type of policy only the death, disability and injury liability of third party is covered. Third party cover is mandatory in India while driving the vehicle as per Motor Vehicle Act. In this way, this cover only protects you from the financial liability towards third party.

Difference between Comprehensive and Third party Two Wheeler Insurance

Following table summarizes the coverage of Comprehensive and Third party two Wheeler Insurance

Coverage

Third Party

Comprehensive

Damages to Third-Party Vehicle

YES

YES

Damages to Third-Party Property

YES

YES

Personal Accident Cover (Optional)

YES

YES

Injuries/Death of a Third-Party Person

YES

YES

Damages/Losses to own car in case of a natural calamity

No

YES

Damages/Losses to own car in case of fire

No

YES

Damages/Losses to own car due to an accident

No

YES

Theft of your car

No

YES

IDV Customization

No

YES

Coverage against depreciation

No

No

Extra protection with customized add-ons

No

No

 

What are Two Wheeler Insurance Add-ons?

Add-ons in the comprehensive Two Wheeler insurance are the extra safeguards for your two wheeler by paying the extra premium.

Following are some of two wheeler insurance add-ons.

1) Zero Depreciation cover in Two Wheeler insurance

Zero depreciation cover also known as Nil Depreciation or bumper to bumper two wheeler insurance policies is a two wheeler insurance policy which protects you from claim on deprecation value basis. It means that in the event of two wheeler accident, the comprehensive two wheeler insurance only covers the depreciated value of the two wheeler but when you opt for zero depreciation cover , it provide the full coverage irrespective of depreciation. Most of the insurance companies provide zero depreciation cover till the three years.

What is covered in Two Wheeler insurance policies?

As per the standard two wheeler insurance policies, following cause of losses covered.

  • Damages or loss to the two wheeler that arises through accidents.
  • Covers the losses of incurred due to the theft of the two wheeler.
  • Damages or losses due the accidental fire.
  • Damages or losses that arise through the natural calamities such as floods, cyclones etc.
  • Personal accident cover
  • Third party Losses such as damages to the third party vehicle or property.

What’s not covered in two wheeler insurance policy?

As per the standard two wheeler insurance policy, following cause of losses not covered.

  • Damages or losses arising due to war and similar conditions.
  • Damages that arise when driving under the influence of alcohol.
  • Damages that arise when driving without a valid license.
  • Damages that arise when two wheeler insurance policy is not active.
  • Regular wear and tear. 

Benefits of buying two wheeler insurance with Quickinsure

  • Wide range of car insurance plans – Select from the wide range of two wheeler insurance plans from top insurance companies in India.
  • Instant Policy – Get two wheeler insurance policy instantly within the few minutes in your mailbox.
  • Claim Support – Get claim support from our expert team.
  • Easy and Quick Process.

How to select the best car insurance for your two wheeler?

Factors that must be considered during buying the two wheeler insurance policy.

  • Type of Policy:- If you choose third party insurance, your premiums will be quite affordable. Whereas comprehensive plans can be little costly.
  • IDV of Vehicle:- IDV of the two wheeler directly affects the premium of two wheeler insurance. This also affects the claim amount.
  • Add-ons:- Every add-ons have their own prices and coverage therefore, the number of add-ons significantly affect the cost of two wheeler insurance policy.
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