Best Ways to Renew Bike Insurance

Given the current scenario of traffic in all the major cities, a bike is your best bet for a quick and easy commute. It does not come as a surprise that India is one of the largest two-wheeler markets in the entire world. Since it holds such important value, it is susceptible to a lot of risks. One of the smartest ways of mitigating those risks is to renew bike insurance.

The Motor Vehicle Act of 1988 mandates all vehicles in the country to have a valid insurance to be road legal. This itself should be a compelling enough reason to renew bike insurance on a timely basis. And then there are different scenarios such as natural calamities such as fire, flood, earthquake, landslides etc. A bike is also exposed to theft, burglary, malicious acts, riots, strikes etc. When you renew bike insurance, you purchase an immunity against all.

One of the best ways to renew bike insurance has to be the online mode. All the major insurers in the country have their presence in the online domain. Here are some of the benefits of renewing your policy online.

  • Save Time

Everything happens on a browser. When you proceed with online renewal, you save time on various aspects. You also avoid visiting any branch offices or interacting with insurance agents.

  • Save Paper

Well not entirely from the environmental perspective. Online applications are highly condensed and require minimal form filing and other relative documentations as compared to the offline mode.

  • Save Money

When you renew bike insurance online, you skip out on all the intermediaries. Since the insurers do not have to pay a lot of people for the policies, the benefits are passed on to you. You can also save money on comparing policies by different insurers.

  • Comparing

One of the biggest advantages of going online is the ability to compare policies on websites like You obviously get to save money and opt for a policy with better features. But you also get to learn a lot about the policy. You can check out the reviews regarding a specific policy and so on.

Best Plans Available On the Internet

The bike insurance market is as competitive as its manufacturing counterparts. If you wish to renew bike insurance, there are plenty of options to choose from. However, some of them stand out from the rest due to their exemplary products or services or both.

  • Bharti AXA

You can buy renew bike insurance for a period of two to three years and provides an accident cover for the pillion rider as well. You can choose from a comprehensive plan and host of add-ons.

  • Bajaj Allianz

The policy from Bajaj Allianz provides claims settlement 24/7 and lets you purchase the policy for 3 years at a go. It has a large network of more than 4000 cashless garages to choose from.


  • HDFC Ergo

The brand has one of the highest CSR at 94%. You also get access to an impressive 3400+ network garages and long term policy as well.

Basis of Comparing Different Renewal Plans

There more than a few factors that can help you decide if a policy is for you or not. To help you take the decision better, here are the top factors on which you can base your final call.

  • Cover

Yes, for the same premium cost you might be able to bag a deal that provides better coverage. A third party liability policy would be just enough for you to ride the bike on road. But in the longer run a comprehensive policy will provide better value for money.


  • Add-Ons

Add-ons provide coverage to the areas where a bike insurance plan fails. A closer look at the add-ons that an insurer provides is a good place to start your comparison.

  • CSR

The claims settlement ratio of an insurer is one of the most accurate litmus tests that you can get your hands on. A higher ratio indicates that the insurer is good at settling claims and improves the probability of you having a hassle-free experience.

  • Network Garages

Most of the insurers have specific garages in their network list. Visits to these places ensure cashless service and easy service claims. Do not forget to go through the list to see if any of your friendly neighbourhood garages is on that list.