Delhi is not only a union territory but also the spice capital of the world. It is known for its food, tourist attractions, and traffic. With around 1.3 crores of vehicles in Delhi, two-wheelers in Delhi account for 70% of the total cars. Given the traffic chaos and a 100-day master plan by the Delhi government to reduce traffic congestion and accidents, it ranks as the 44th most congested city in the world.
As we all know, it is a mandatory law to have third-party two wheeler insurance as per the Motor Vehicle Act of 1988. This write-up will guide you through all the nuances of buying two wheeler insurance, including the dos and don’ts to keep in mind.
Purchasing two-wheeler insurance in Delhi depends on various factors such as the policy plan, insurer, valid documents and so on. Here are some of the pointers that you need to consider while purchasing a two-wheeler insurance policy in Delhi:
Whether you need a comprehensive plan or third-party liability coverage, depends on your requirements and budgetary restrictions.
Pick an insurer having a high claim settlement ratio, safeguarding your chances of getting a claim.
You need to have a free hand while picking add-ons and customising your plan according to your needs.
Pick the policy having an optimised premium structure with coverage.
Checking your IDV is important because based on that your premium is decided. Opt for an accurate IDV, not the lowest.
Pick an insurer who has a wide network of garage facilities.
It would be better if you opt for digital policy and claim process because it will save you time and this is where Coverfox comes in!
As we already saw where Delhi ranks in terms of traffic, however, road accidents are even more critical. 1257 people were killed in road accidents in Delhi in 2023. This makes it even more crucial for you to pick a comprehensive plan for your bike’s safety.
(Tip: For Delhi’s high accident and theft rate, comprehensive is safer.)
Generally, three types of Two-wheeler Insurance are provided by every insurer:
This is the most basic form of coverage and is mandatory under the Motor Vehicles Act of 1988. It covers financial liabilities arising from injuries to third-party individuals caused by your bike. This type of policy is typically the most affordable because it offers limited coverage.
This insurance focuses solely on covering damages caused to your bike, offering flexibility to those who already have third-party insurance. It includes protection against accidents, theft, fire, and natural or man-made disasters.
Comprehensive insurance provides extensive coverage, ensuring all-around protection for both third-party liabilities and damages to your motorcycle. It includes the benefits of third-party bike insurance by covering damages or injuries to third parties. Also, it protects your motorcycle against accidents, theft, fire, natural calamities (floods, earthquakes), and man-made events (riots, vandalism).
Buying a Two-wheeler insurance policy in Delhi with Coverfox is a seamless process:
The Renewal process with Coverfox is a simple process which consists of below steps:
Applying for claims with Coverfox on your side will make it more seamless and hassle-free. You need to take the below actions to claim two-wheeler insurance in Delhi:
Delayed contact and communication between the claim applicant and the insurer might lead to repercussions thus it is advisable to contact the insurer at the earliest.
If your bike has been stolen or been in a major accident it is necessary to file an FIR to speed up your claim process.
It is preferred that the garage that you choose is authorised by the insurer’s company.
Pay the service centre to initiate the claim process, fill out the relevant form and submit the required set of documents to ensure a quick intimation of the claim.
Get discounts by securing your bike with certified locks or GPS trackers.
Choose to bear a small part of the claims to lower your premium.
Avoid lapses to retain your No Claim Bonus (NCB) and skip re-inspection charges.
Enjoy a 20–50% discount on your damage premium for claim-free years.
Choose a 3- or 5-year plan to lock in lower premiums and avoid yearly hikes.
Only select add-ons that suit Delhi’s traffic and weather (e.g., zero dep, RSA).
Use trusted sites like Policybazaar or Coverfox to find the best-priced plan.
As we have been through various steps and guides to buy motorcycle insurance in Delhi, buying a two-wheeler policy is as simple as an e-commerce purchase. Visit the website, and filter policies based on IDV, policy type, premium, the covers and add-ons. You can easily compare numerous policies and select the best fit for you.
To renew an insurance policy, simply input the details such as car registration number and previous policy details. You will get an option to renew existing one or multiple other policies to choose from. On the other hand, a claim is an orderly process which makes it necessary to adhere to provide required disclosure to the insurer to process it. Last but not least don’t forget to read the policy terms and conditions in detail.
Ans: Yes, it is mandatory to have two-wheeler insurance in Delhi.
Ans: The city of Delhi doesn’t have higher two-wheeler insurance premiums. They boil down to various factors such as risks, liability, IDV, etc.
Ans: The major factors affecting health insurance in Delhi are traffic & accident risks, Monsoon & flood protection, theft & vandalism, network garages, daily commute & long rides, RTO regulations & compliance, etc.
Ans: The fine for not having two-wheeler insurance in Delhi is ₹ 2000 and/or imprisonment for three months.
Ans: Third-party two-wheeler insurance is mandatory in Delhi.
