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Imagine you've just bought your dream bike – sleek, powerful, and perfect for the open road. But what if a sudden mishap dents that joy? That’s where bike insurance steps in, serving as your financial safety net, which protects your bike from unforeseen mishaps or accidents. In India, you are required by law to have third-party bike insurance for legal compliance on the public road.
Two-wheeler insurance, or Bike insurance, is a type of financial protection designed to safeguard you and your bike while covering expenses arising from accidents, theft, damages, and legal liabilities involving your two-wheeler. It is a legal contract between the policyholder and the insurer, offering financial aid during times of need, depending on the policy type and coverage. Based on your chosen two-wheeler insurance plan, it can include protection against own-damage, third-party liabilities, and personal accident cover. Riding without valid insurance in India can attract heavy fines of up to ₹4000, as the Motor Vehicles Act, 1988 makes at least third-party liability cover compulsory for all riders. For new two-wheeler owners, a 5-year third-party plan is mandatory to ensure legal compliance and avoid challans. So, compare bike insurance quotes and get insured today!
Disclaimer: The above mentioned prices are for a 2 year old Hero Honda Karizma R 223 CC, registered in Navi Mumbai & previous policy has expired.
The following types of two-wheelers can be covered under two-wheeler insurance online:
Luxury Bikes Premium motorcycles that are known for advanced features, power, and elite road presence.
Scooty/Scooter Lightweight, gearless two-wheelers that are ideal for urban mobility and ease of use.
High-performance motorcycles that are built for speed, agility, and aerodynamic handling.
Regular Bike Fuel-efficient bikes that are designed for everyday city travel and short-distance commuting.
Long-distance motorcycles equipped with comfort, storage, and stability for highway rides.
Simple, low-speed two-wheelers that are ideal for short errands and budget-friendly rides.
Two-wheelers combining petrol engines with electric power for better efficiency and reduced emissions.
Eco-friendly bikes powered entirely by electric motors with minimal running costs.
| Feature | Description |
|---|---|
| Third-Party Cover | Covers legal liabilities arising from injury, death, or property damage to others. |
| Own-Damage Cover | Protection against damages to your own bike due to accidents, fire, theft, etc. |
| Personal Accident Cover | Offers financial protection to the rider/owner in case of injury or death up to ₹15 lakh. |
| Cashless Repairs | Get repairs done at network garages without upfront payments. |
| No Claim Bonus (NCB) | Discounts up to 50% on premium for claim-free years, helping you save money. |
| 24x7 Roadside Assistance | Support for breakdowns, flat tyres, battery issues, towing and more. |
| Easy bike insurance Renewal | Bike insurance renewal is easier than ever – under 3 minutes! |
| Add-On Covers | Customise your plan with extras like engine protection, zero depreciation, etc. |
| Legal Compliance | Ensures you're legally covered as per the Motor Vehicles Act, 1988. |
| Affordable Premiums | Flexible and budget-friendly plans for all bike types and usage. |
| Theft Cover | In case your bike is stolen or totalled, you will be compensated as per the IDV of your bike. |
| Customisable IDV | You can set your IDV for your bike and pay premiums accordingly. |
Disclaimer: Information is generic. For accurate information, please refer to your bike insurance policy.
In India, you can buy 3 types of two-wheeler insurance online: third-party (covers damage to others), own-damage (covers your bike), and comprehensive (covers both). Let’s have a detailed look at all of the types of two-wheeler insurance online.
When selecting a bike insurance policy, it’s important to understand the available options to choose the one that best fits your needs. Here’s a detailed look at the three main types of bike insurance policies:
In a third-party liability insurance, only the damages done to a third party (individual or property) are covered. A third party bike insurance is a mandatory policy that ensures that you are legally compliant and financially covered if your vehicle causes damage to a third party in an accident.
A comprehensive bike insurance gives all-around financial protection to the policyholder. It covers any damages done to the policyholder’s bike, any third-party liability and can be further customised using add-ons. It is recommended for people looking for new bike insurance to ensure complete financial security.
A standalone insurance policy or own-damage two wheeler insurance covers damages done to the policyholder’s vehicle only. No third-party liabilities will be covered under this type of insurance, so ensure to get a third-party insurance before buying a standalone cover plan. This is a cost-effective bike insurance plan.
Each bike insurance option comes with its own advantages and limitations. While third-party cover is the most basic requirement, a comprehensive plan offers wider protection for your two-wheeler. The table below will help you understand the differences between these plans and decide which one suits you best:
| Aspect | Third-Party Bike Insurance | Comprehensive Bike Insurance | Standalone Own-Damage Bike Insurance |
|---|---|---|---|
| Covers damage/injury to third-party individuals or property only | Covers third-party liabilities plus own bike damages | Covers only own bike damage; third-party cover must be bought separately | |
| Mandatory under the Motor Vehicles Act, 1988 | Not mandatory but highly recommended | Not mandatory but requires a third-party policy for legal compliance | |
| ❌ Not included | ✅ Included | ✅ Included | |
| ✅ Included | ✅ Included | ❌ Not included | |
| Mandatory PA Cover of ₹15 lakh | Mandatory PA Cover of ₹15 lakh | Mandatory PA Cover of ₹15 lakh | |
| ❌ Not available | ✅ Available (e.g., Zero Dep, RSA, Engine Protection) | ✅ Available (customisable) | |
| Most basic, Cheapest | Higher Premium rates, but more coverage | Cost-effective Premium cost by bundling policies | |
| ❌ Unavailable | Can be customised using add-ons | Limited add-ons can be used for customization | |
| Basic legal compliance, budget buyers | Full coverage seekers, high-risk area riders | Riders with third-party policy, needing own-damage protection | |
| No own-damage or rider cover | Higher premiums | No third-party liability cover |
As per the Motor Vehicles Act 1988 in India, at least third-party bike insurance is mandatory for all two-wheeler owners. Riding without third-party liability insurance cover can lead to traffic challans that can go up to ₹4,000.
Repair costs, especially for new bike owners, are quite high. It can make a dent in your wallet – unless you are insured with 2 wheeler insurance. It is your financial helping hand during the times of need.
While riding on the road, you do not have to worry about legal troubles due to lack of two-wheeler insurance, financial backlash due to accidental damages, or repair costs of your bike. You will ride completely stress free, because insurance will have your back financially.
2 wheeler insurance ensures third-party damage cover and protection against damages that are caused by man-made hazards like theft, fire, explosion, riots and vandalism. It also covers damages caused by natural disasters like floods, storms, hurricanes, earthquakes, etc. The repair costs are either reimbursed or paid through cashless claims by the insurer.
Have complete two-wheeler protection using add-ons in your policy. Get 24x7 Roadside assistance – no worries about getting stuck in the middle of nowhere, Get Zero Depreciation Cover – get full claim amount for your repairs, etc. Add-ons ensure your coverage is enhanced and give you truly complete protection as per your needs.
You can enjoy No-Claim bonuses on renewal– protect your bike while you save money. NCB bonuses also encourage the policyholder to ride safely, as avoiding claims means avoiding accidents and mishaps. Maintaining NCBs in the long run is beneficial for you and your wallet.
It is important to check what your two wheeler insurance policy covers or does not. Make sure you read all policy-related documents carefully. Under comprehensive two wheeler insurance, the following instances will be covered or not covered:
Add-on covers in two-wheeler insurance online are optional enhancements that you can include with your comprehensive or standalone own-damage policy. Though they come at a small additional cost, these add-ons significantly boost the protection offered by your standard insurance plan. Here are some popular add-ons you can consider:
Due to passage of time your bike loses value due to depreciation, which can directly reduce the amount of settlement, at the time of claim. When you purchase a zero-depreciation bike insurance cover you do not have to compromise on the claim amount, as it foregoes the amount of depreciation on the parts made of nylon, plastic, and fibreglass. In the event of a claim settlement, the customer receives the full amount due without any deductions for depreciation. It is always advisable to get this add on cover cover which will help you from any loss in claim, arising from depreciation of your bike or scooter.
Earn a discount on your premium for every claim-free year — this is known as the bike insurance no-claim bonus protection cover, which can go up to 50%. If you opt for an NCB Protection cover, you can still retain your bonus even if you file a claim during your policy term.
Breakdowns happen — but with 24x7 two wheeler roadside assistance add-on, help is always a call away. Whether it's a flat tyre, an empty fuel tank, lost keys, or minor repairs, this cover ensures emergency support, day or night, within the predefined limits of your policy.
In the unfortunate event your bike is stolen or completely damaged beyond repair, RTI cover in bike insurance ensures you receive the full on-road price (including taxes and registration) instead of the depreciated IDV. It bridges the gap between the current value and the original purchase cost.
Running a bike involves using parts that wear out over time - think engine oil, brake fluid, nuts, bolts, and more. Consumable cover add-on in two wheeler insurance ensures you’re reimbursed for the cost of these consumables during repairs, up to a set limit.
Personal accident (PA) cover in bike insurance is a mandatory add-on for bike owners, as per the guidelines set by IRDAI. It offers up to ₹15 Lakh coverage, ensuring financial support for the policyholder’s nominee in case of an accidental death. The cover also provides compensation for injuries or permanent disabilities sustained in a road accident.
Engine protection cover in bike insurance is ideal for riders in areas prone to floods or waterlogging, this cover safeguards your bike’s engine against damage from water ingression, lubricant leaks, and hydrostatic lock. It also covers critical engine components like pistons, crankshafts, and cylinders.
Pillion rider cover add-on extends protection to the person riding the pillion. In case of an accident, it provides financial coverage for their medical expenses or compensation in case of death or injury as specified in the policy.
Premium rates are the bike insurance prices that one needs to pay for a particular term (typically 1 year) to avail two-wheeler insurance services. This bike insurance price depends on the coverage plan selected, along with the add-ons, discounts, and on the make model of the bike. Since comprehensive coverage plans cover multiple things and can be heavily customised, we cannot pre-amptively determine its cost. However, price for third-party liability insurance is set by IRDAI based on cubic capacity of the bike, and power output in an e-bike and are as follows:
| Engine Capacity (cc) | Annual Premium (₹) | 5-Year Premium (₹) |
|---|---|---|
| Motor Power (kW) | Annual Premium (₹) | 5-Year Premium (₹) |
|---|---|---|
At Coverfox, we have trusted bike insurer companies, providing bike insurance with premiums starting at ₹457*, with a wide network of garages and high CSR. Below is the list of insurers that provide bike insurance through Coverfox in 2025 (in no particular order).
Follow these steps to quickly estimate your bike insurance premium using an online calculator:
Visit the insurance calculator website and provide your bike’s make, model, variant, ex-showroom price, and year of purchase.
Select your city or RTO of registration and mention if you made any claims in the previous policy term.
The calculator will show the estimated premium instantly. Compare plans from multiple insurers and choose the one that suits you best.
The bike insurance premium is affected by various factors, that can increase or decrease the premium price:
Premiums for two wheeler insurance are directly influenced by the brand, engine capacity, and current market value of your bike. High-end models or superbikes attract higher premiums due to expensive parts and higher repair costs. On the other hand, older bikes have lower insured declared value (IDV), which leads to reduced premiums.
Whether you opt for third-party insurance (which is legally mandatory) or a comprehensive policy impacts your premium. Comprehensive policies offer broader protection—including own damage and theft—hence they cost more than basic third-party plans.
The place where you primarily ride or park your two-wheeler plays a major role in determining premiums. If you live in metro cities or accident-prone zones, your bike insurance premium will be higher due to greater chances of claims related to theft, traffic congestion, or road mishaps.
Choosing add-on covers like Zero Depreciation, Roadside Assistance, or Engine Protection enhances your two wheeler insurance policy but also increases the overall premium. While they offer added peace of mind, it’s essential to evaluate their necessity based on your bike usage and conditions.
The age, riding experience, and previous claim history of the rider impact the bike insurance premium. Younger or new riders are considered riskier by insurers, resulting in higher premiums compared to experienced and responsible riders with a clean track record.
If you haven’t raised any claims in the previous policy year, you become eligible for an NCB discount on your bike insurance renewal premium. This discount increases progressively each year and can go up to 50%, significantly lowering your overall cost.
Bikes used daily for long commutes or commercial purposes usually attract higher insurance premiums due to increased wear and tear, and greater claim risk. Limited usage bikes or those ridden occasionally are seen as lower risk by insurers.
Installing non-standard accessories or performance modifications can increase the bike insurance premium. These modifications may raise the replacement cost or alter the risk profile of the bike, leading insurers to charge a higher premium for coverage.
Engine capacity, often denoted as “cc”, is also considered the power of the bike. The higher the engine displacement, the higher the premium. Insurers often classify premiums in slabs like below 75cc, 75–150cc, 150–350cc, and above 350cc.
Bike insurance premiums are generally affordable, but without proper planning or smart use of benefits, they can become costly. Here are some effective tips to help you reduce your premium price:
Coverfox provides one of the best platforms to buy two wheeler insurance online. It is a one stop station where you can compare prices, coverages, calculate premium and get excellent after-sale support. Here is a more detailed breakdown of the benefits of buying two-wheeler insurance online through Coverfox:
Coverfox provides comprehensive bike insurance online that covers your own damage, third-party liabilities, and total loss due to accidents, theft, fire, and natural disasters.
You can enhance your online two-wheeler insurance with add-ons like Zero Depreciation Cover, Roadside Assistance, and Engine Protection, allowing for customised coverage according to your needs.
Bike insurance Policyholders can enjoy cashless claim benefits at network garages, reducing out-of-pocket expenses for repairs.
The platform makes bike insurance online simple—from purchase to claims. The digital world has taken insurance to another level.
Online support is available through chatbots and customer service, offering guidance and assistance whenever needed for two-wheeler insurance online.
Coverfox provides bike insurance at best rates in the market, and you can compare it with different insurers at the same time. Coverfox also provides discounts like NCBs, cutting down premium costs and helping you save money whilst protecting you financially.
Comprehensive insurance coverage provides financial security and peace of mind, safeguarding against unforeseen liabilities and expenses.
Comparing bike insurance policies online helps you determine the best possible policy for your two-wheelers. It ensures you take the right decision and do not regret later. Coverfox provides the best platform to compare bike insurers online. You can compare different insurer factors like reviews, claim settlement ratios, network garages etc online through Coverfox. Here are a few tips to compare insurers online:
Renewing your bike insurance on time is not just a legal formality—it’s crucial for financial protection and peace of mind. Here's why:
♦ Legal Requirement
As per the Motor Vehicles Act, riding without valid two-wheeler insurance is illegal and can attract hefty fines or even licence suspension.
♦ Continuous Financial Protection
Renewal ensures uninterrupted coverage against accidents, theft, fire, natural calamities, and third-party liabilities.
♦ Preserves No Claim Bonus (NCB)
Timely renewal helps retain your NCB discounts, reducing your premium significantly over time.
If you are looking to buy bike insurance online for your two-wheeler or renew your existing policy, you have come to the right place. Coverfox provides everything you need while looking for a bike insurance policy. You can compare insurance prices, select add-ons, get discounts and everything can be done completely online! Just follow these simple steps:
Visit the Coverfox website.
Enter your bike details, including registration number and model.
If renewing, enter the expiry details of your previous bike insurance policy
Make a secure online payment.
Receive your policy instantly via email.
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Bike registration certificate (RC).
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Previous insurance details (for renewal).
Personal identification proof
Address proof
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Invoice of purchase of new bike (for new bike insurance)
Driving Licence
After you purchase bike insurance, at a point you might need to file for a claim. Filing a claim is basically asking the insurance to make you whole for an incident or a repair that is covered under your bike insurance policy. There are 2 types of claims, one is cashless claim the other is reimbursement claims. Here’s a thorough guide on how to file a claim against your bike insurer:
Bike insurance claims can be settled in two major ways — Cashless Claim Settlement and Reimbursement Claim Settlement. Understanding the difference helps you choose the right process during a bike insurance claim.
Filing a two-wheeler insurance claim is simple and can be done online or offline. Here’s how you can file a bike insurance claim step-by-step:
Make sure to have the following documents ready when filing your two-wheeler insurance claim to ensure quick and smooth processing:
Here’s how you can avoid getting your two-wheeler insurance claims rejected using these simple tips:
Getting your bike insurance claims is frustrating and inconvenient. Here are common reasons why claims get rejected:
Regularly checking bike insurance status ensures that your coverage is active and up to date, especially before renewing, claiming, or facing an emergency. Downloading the policy copy is equally crucial—it serves as official proof of two-wheeler insurance and helps you avoid penalties for riding without valid documentation. A digital policy is also easier to store, share, and retrieve anytime.
You can check and download your bike insurance policies bought through Coverfox by:
Go to www.coverfox.com and navigate to the Two-Wheeler Insurance section.
At the top-right corner, click Login, and sign in using your registered mobile number or email ID linked to your policy.
You’ll receive an OTP on your registered number. Enter it to securely log into your account.
Once logged in, go to your policy dashboard to view active and past policies, renewal dates, and claim history.
Locate your current two-wheeler insurance policy. Click the ‘Download’ or ‘View PDF’ button to get the digital copy.
Save the PDF file for future use, and optionally take a printout to keep a physical copy handy while riding.
Pro Tip: If you’ve purchased your policy through another insurer but want to renew via Coverfox, you can still use Coverfox to compare policies and get your renewed digital copy instantly.
