How to Choose the Best Bike Insurance Online in India?
Two-wheelers are the most purchased and used vehicle type in India. Affordability and convenience are the two primary reasons behind their popularity. Buying bike insurance is an integral part of the bike purchasing process.
The fundamental question here is: Is insurance mandatory for bikes? Yes! If you own a bike, you must buy bike insurance to meet the legal requirements of riding your bike on public roads. However, buying bike insurance only to fulfil the legal mandate is not enough, your bike policy should provide you the required coverage at the time of need.
This guide will help you identify the best bike insurance company in India. Keep reading!
Choosing the Best Bike Insurance Online in India
There are three primary bike insurance types:
- Third-party liability bike insurance
- Comprehensive coverage bike insurance
- Own damage bike insurance
Now, let us understand how you should proceed with buying the best of these policies.
● Review Plan Coverage and Add-ons
Every bike owner has different coverage needs. Some want a minimal third-party policy, while others want comprehensive coverage. You need to review your needs based on factors such as affordability, usage, location, bike’s age and condition, etc.
Your needs will define the extent of your coverage, so be precise. You can understand the coverage scope of various bike policies online on insurers’ websites. Additionally, check the list of add-on policy riders an insurer provides to understand how extensively you can protect your bike with them.
● Read About Companies
Buying bike insurance online has its own perks. You can read reviews related to the policy you want to purchase. You need to read about the company, its reputation, recent claim settlement ratio, customer service, and claim procedures. This gives you an insight into people’s experiences beforehand and warns or motivates you in the purchase process.
● Compare Policy Premiums
This is one of the most essential factors to consider when purchasing a bike insurance policy online. Compare the coverage offered by several insurers for the premium that falls within your budget and choose the most optimal option. Some insurers offer great discounts on online policy purchases, so that can be an added advantage.
● Compare Options Online
With the help of bike insurance premium calculators, buying bike insurance online has become easy. You can compare multiple premiums, benefits, and policies in one click. Enter your bike details and demands, and you will find numerous policies that fit the criteria.
Use the free calculators available on the insurers’ websites to compare different policies. With the calculator, you can understand the premium you will have to pay for the desired coverage for different insurers. This online tool will, therefore, help you make an informed buying decision.
● Make The Purchase
Once you find the best bike insurance company and the best policy for your bike, you can proceed with the purchase. The online policy purchase procedure is simple and straightforward. Go to the official website, click on buy policy, fill out the policy form with the necessary information, and proceed with your payment.
Conclusive Remarks
Buying an excellent bike insurance policy from a reliable insurance company is paramount. Always read the reviews and keep a rational mind. Buying bike insurance is a futuristic and optimistic step towards taking care of your bike.
So, have a great time buying your policy!
