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What is Bike Insurance?
Riding a bike is fun, but it can be risky. Almost half of all road accident deaths in India happen on two-wheelers. In 2022, there were over 4.6 lakh accidents that caused 1.68 lakh deaths. That's a lot!.
Bike insurance or Two-Wheeler Insurance is a financial protection plan for your two-wheeler that helps to cover losses caused by accidents, theft, fire, and natural disasters. It also provides legal and financial protection in case of damage to any other person or property. This third-party insurance is mandatory as per the Motor Vehicle Act 1988 to ride on the Indian roads.
About the Motor Vehicles Act, 1988
The Motor Vehicles Act, 1988, is an important law in India that controls everything related to vehicles and road safety. It sets basic rules for driving, such as getting a valid driving licence, registering your vehicle, and following traffic signs and signals. This law was created to make roads safer for everyone: drivers, passengers, and pedestrians.
One of the key parts of this Act is that it makes third-party insurance compulsory for all bike and car owners. This means you must have insurance that covers any damage or injury you may cause to another person or their property. This rule helps accident victims get financial support quickly.
Importance of Buying Two Wheeler Insurance Policy
Fulfills Legal Requirement
Buying two-wheeler insurance is mandatory by law in India. Without having insurance, you could face huge penalties.
Gives Financial Protection
Bike insurance helps in covering the costs of repairs or damages to your bike after an accident, theft, or third-party liability, saving you from large expenses.
Offers Personal Accident Cover
If you get injured in a bike accident, Personal accident cover helps you pay for your medical expenses. It provides financial support during recovery.
Gives Third-Party Liability Coverage
Bike insurance also helps pay for damages or injuries you cause to other people or their property while riding your bike. It ensures you don't have to pay out of pocket for these costs, which provides financial protection and peace of mind.
Offer Coverage of all Bike Types
With the help of bike insurance, you can cover the damages of all bike types, including e-bikes, scooters, motorcycles, or mopeds, at an affordable premium rate.
Cover the Cost of Spare Parts
A two-wheeler insurance policy covers the cost of repairing or replacing spare parts. It covers simple nuts and bolts to more expensive parts like gears or brake pads.
Provides No Claim Bonus (NCB)
If you don't make any claims during the policy year, you get a discount on your insurance premium when you renew. This reward, known as a No Claim Bonus (NCB), helps you save money while maintaining your insurance coverage.
Types of Two-Wheelers Covered Under Bike Insurance Policy
The different types of two-wheelers that can usually be insured under a bike insurance policy are:
Motorbikes
Motorbikes, also known as bikes, are available in the market in different sizes, from small (like 100 Cubic Capacity) to large (like 1000cc). They are used for both daily travel and fun rides.
Scooty/Scooters
Scooters, sometimes called scooty, have a step-through design and automatic gears. They are quite small and lighter than motorbikes, making them perfect for city travel because they are easy to use and save fuel.
Electric Two-wheelers
This type includes all the electric motorcycles and scooters, which run on electric motors and batteries. They are popular these days because they are good for the environment and cheaper to run.
Mopeds
Mopeds are light motorised bikes with small engines, usually between 50cc and 100cc. They usually have pedals that you can use along with the engine. Mopeds are affordable to run and highly suitable for short trips.
Different Types of Bike Insurance Plans in India
Third-Party Bike Insurance
Third party bike insurance is the basic and compulsory insurance in India, according to the Motor Vehicles Act, 1988. This type of plan protects you if you cause damage to someone else in an accident. It pays for injuries, property damage, or even death caused to another person. But it is important to know that 3rd party two wheeler insurance does not pay for your own bike's damage or your own injuries.
Own-Damage Bike Insurance
Own-damage bike insurance gives protection to your own bike. If your bike gets damaged in an accident, this insurance helps you pay for the repairs. It also covers damage caused by fire, storms, riots, or even theft. If you already have third-party insurance, you can buy this as an extra plan to protect your own vehicle.
Comprehensive Bike Insurance
If you want an all-in-one policy that provides protection against all types of legal liabilities, you should buy comprehensive bike insurance. This policy covers your own damages and third-party liabilities. Even if your bike gets damaged while parked, you can make a claim. This type of insurance gives full peace of mind because it includes both own-damage and third-party cover in one single policy.
From Our Experts
In India, two-wheelers are part of everyday life, helping people save time, handle long commutes, and move through busy roads with ease. But with rising accident rates, costly repairs, and increasing bike thefts, many riders face financial shocks they never expected.
Most people only realise the real importance of insurance when a sudden breakdown, legal issue, or major repair bill hits them. That is why having the right bike insurance is not just a legal requirement; it is a smart way to protect yourself, your bike, and your savings.
Difference Between Third-Party, Own Damage, and Comprehensive Bike Insurance
| Feature / Coverage Type | Third-Party Bike Insurance | Own-Damage Bike Insurance | Comprehensive Bike Insurance |
|---|---|---|---|
| What it covers | Only covers damage caused to others | Covers damage to your own bike | Covers both your bike and third-party |
| Accident damage to your bike | Not covered | Covered | Covered |
| Damage to other vehicles/people | Covered | Not covered | Covered |
| Natural disasters (floods, fires, storms) | Not covered | Covered | Covered |
| Theft of your bike | Not covered | Covered | Covered |
| Personal Accident (PA) cover | Included | Included | Included |
| Add-on covers available | No | Yes | Yes |
| Required by law | Yes | No | No |
| NCB (No Claim Bonus) | Not available | Available | Available |
| Best for | Basic legal cover | Protecting your own bike | Full protection and peace of mind |
Key Features of a Bike Insurance
| Categories | Key Features |
|---|---|
| Bike Insurance Premium | Plan starts @₹390/month* |
| Compare & Save | Compare bike insurance online from 17+ trusted insurers |
| Claim Settlement | 24*7 claim support for instant settlements available |
| Third-party Liabilities Coverage | Mandatory coverage |
| Own Damage Coverage | Available with a comprehensive or standalone own damage bike policy. |
| Add-ons or Riders | Zero depreciation cover, roadside assistance cover, personal accident cover, etc, are available. |
| Cashless Repair Services | Only available at authorised garages |
| Buying & Renewal Process | Zero paper issuance or renewal of bike insurance online |
| No Claim Bonus (NCB) | Get up to 50% discount on policy renewal for 5 consecutive claim-free years. |
Bike Insurance Policy Inclusions & Exclusions
Inclusions
- Damage and loss due to natural disasters like thunder, lightning, storms, earthquakes, etc.
- Loss and damage due to strikes, riots, terrorist activities, etc.
- Loss of bike due to burglary, housebreaking, theft, or total loss of the bike.
- Liability protection against injuries and damages to third parties or property during a road accident involving the insured bike.
- Damage or loss due to any explosion, self-ignition, or fire.
- Damage or loss to the insured bike while it is in transit
- Personal accident cover (as per contract) for injuries to bike owners resulting in permanent or temporary disabilities.
Exclusions
- Damage to the bike was caused by regular wear and tear.
- Loss or damage caused by electrical or mechanical breakdowns.
- Loss or damage caused when the bike was driven outside of the geographical boundaries as per the policy contract.
- Any damage or loss due to driving under the influence of alcohol or other prohibited drugs.
- Any damage or loss while riding the motorcycle without valid documents.
- Any loss or damage due to mutiny, nuclear risk, or war.
Disclaimer: These inclusions and exclusions can change based on the insurance company's rules. Please read the insurance policy details carefully before you buy it.
Add-Ons Cover For Bike Insurance Policy
Add-ons are optional covers that you can buy with a comprehensive or standalone own-damage policy by paying an additional premium. Here are the most popular two-wheeler insurance add-ons:
Zero Depreciation Cover
This cover protects against vehicle depreciation. Generally, when you make a bike insurance claim, the insurance provider will pay the claim amount after reducing the depreciation value of the insured bike. The zero depreciation cover helps you eliminate this deduction. This coverage is applicable on a case-by-case basis based on the policy period and the number of claims made. However, it is important to note that there will also be voluntary and compulsory deductibles whenever you make a claim.
Consumables Cover
If you use your bike on a day-to-day basis, consumables such as brake fluid, engine oil, nuts and bolts, coolant, etc., can add to bike maintenance costs. The consumables cover adds on to reimburse the cost of such consumables to ensure your bike runs smoothly. However, the coverage is limited in terms of the cost threshold, and you should check with your insurance provider.
Engine Protection Cover
You can get Engine Protection cover along with comprehensive bike insurance. It provides compensation for engine damage due to water intrusion, oil or lubricant leakage, hydrostatic issues, etc. Apart from the main engine, this add-on protects against damage to engine parts such as pistons, cylinders, crankshafts, connecting rods, etc. This add-on is essential if you live in flood-prone areas where waterlogging can cause severe damage to the engine.
Return To Invoice
You can get the purchase value of the bike as the claim amount with this return to invoice add-on in case of theft or total loss of the bike. Generally, in such cases, the insurance provider pays only the Insured Declared Value (IDV) of the vehicle. The return to invoice add-on covers the gap between IDV and the on-road price of the insured bike (including taxes and registration) so that you can get the purchase value back as an insurance claim.
No Claim Bonus (NCB) Protection Cover
When you have made no claims for your own damage to the bike, you can claim the No Claim Bonus (NCB) discount for every claim-free year. Depending on the policy, you can get 20% to 50% NCB at the time of renewal from the same insurer. The NCB protection cover protects your NCB discount at the time of renewals, even if you raise any claim during the policy period.
Hospicash Cover
If you're hospitalised due to an accident, Hospicash cover provides daily cash benefits. It helps cover extra expenses like food and transportation while you're in the hospital. This add-on ensures you have financial support during your recovery period.
Compulsory Personal Accident Cover (PA)
When you have a valid driving licence and own a bike, Indian law requires you to purchase mandatory personal accident insurance (PA). According to IRDAI, you can get coverage for up to Rs. 15 lakh. This personal accident coverage provides compensation in the event of a severe injury, permanent disability, or death of the policyholder. The amount of PA you get varies based on policy customization.
PA Cover For Co-Passenger
Many bike owners use their bikes for regular commutes with a pillion rider. The personal accident cover add-on provides financial protection for injuries and damages to the co-passenger or pillion rider in a road accident.
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24x7 Roadside Assistance Cover (RSA)
When you are abandoned on the road with a faulty bike, this add-on will allow you to get roadside assistance from your insurance provider. However, when and where you can get roadside assistance cover depends on the policy terms and conditions. You can get different types of assistance for breakdowns, emergency fuel, flat tires, lost keys, minor bike repairs, etc.
To Remember : Even if you take roadside assistance, it will not reduce your NCB because asking for assistance is not considered an insurance claim.
Third Party Bike Insurance Prices
IRDAI determines the third-party bike insurance rates in India that will be common across insurance providers. As per Motor Vehicles Third Party Insurance Base Premium and Liability Rules 2022, the rates will be as follows:
| Two-Wheeler Category | 1 Year Bike Insurance Price (3rd party) | 5 Year Bike Insurance Price (3rd party) |
|---|---|---|
| Not Exceeding 75cc | Rs. 538 | Rs. 2,901 |
| Exceeding 75cc but not more than 1500cc | Rs. 714 | Rs. 3,851 |
| Exceeding 150cc but not more than 350cc | Rs. 1,366 | Rs. 7,365 |
| Exceeding 350cc | Rs. 2,804 | Rs. 15,117 |
Third Party Electric Bike Insurance Prices
| ELECTRIC BIKE WITH KILOWATT CAPACITY (KW) | 1 YEAR BIKE INSURANCE PRICE (THIRD-PARTY) | 5-YEAR BIKE INSURANCE PRICE (THIRD-PARTY) |
|---|---|---|
| Less than 3kW | Rs. 457 | Rs. 2,466 |
| More than 3kW but less than 7kW | Rs. 607 | Rs. 3,273 |
| More than 7kW but less than 16kW | Rs. 1,161 | Rs. 6,260 |
| More than 16kW | Rs. 2,383 | Rs. 12,849 |
Disclaimer: The third-party bike insurance premium shown above is set by the IRDAI and may change at any time without prior notice.
Best Bike Insurance Companies
In 2025, many insurance companies will offer good plans for bike owners. These companies provide fast claim services and helpful customer support. They also give different types of plans so you can choose what suits your needs. Good bike insurance companies protect you from big repair costs after accidents or damage. Here is the list of various bike insurance companies that you can choose from.
| Public Insurer Bike Insurance Companies | Network Garages |
|---|---|
| National Insurance Co. Ltd | 900+ |
| The New India Assurance Co. Ltd | 1,173+ |
| The Oriental Insurance Co Ltd | 3,100+ |
| United India Insurance Co Ltd | 500+ |
| Private Insurer Bike Insurance Companies | Netword Garages |
|---|---|
| Bajaj General Insurance Co Ltd | 7,200+ |
| Cholamandalam MS General Insurance Co Ltd | 11,300+ |
| Go Digit General Insurance Co Ltd | 1,400+ |
| HDFC ERGO General Insurance Co Ltd | 2,000+ |
| ICICI Lombard General Insurance Co Ltd | 12,000+ |
| IFFCO-Tokio General Insurance Co Ltd | 4,300+ |
| Liberty General Insurance Co Ltd | 4,300+ |
| Reliance General Insurance Co Ltd | 8,700+ |
| Royal Sundaram General Insurance Co Ltd | 7,600+ |
| SBI General Insurance Co Ltd | 16,000+ |
| Shriram General Insurance Co Ltd | 2,000+ |
| TATA AIG General Insurance Co Ltd | 7,500+ |
| Universal Sompo General Insurance Co Ltd | 3,500+ |
| Zurich Kotak General Insurance Co Ltd | 3,000+ |
| Zuno General Insurance Co Ltd | 1,500+ |
Disclaimer: The insurance companies/plans listed above are shown in A–Z order. Square Insurance does not promote or recommend any specific company or plan. The companies/plans listed are simply the ones that offer motor insurance through our platform. To see the full list of insurers in India, please check the IRDAI website.
Why Choose Square Insurance to Buy Two Wheeler Insurance Online?
Square Insurance is one of the famous insurance brokers in India, and we make buying two-wheeler insurance online easy and hassle-free for our customers. With a user-friendly website, you can compare different plans and choose the best one for your needs. We are known for offering excellent customer support to help you at every step. Here is why you choose Square Insurance to buy the best bike insurance online:
50+ insurers tie-ups
Compare, buy, and renew at same portal
More than 10 Lakhs happy customers
A dedicated team of RMs and Tele RMs. 
Provides 24*7 claim assistance
Affordable Premiums
Square Insurance provides reasonable premiums that fit your budget. They ensure that you get the most value for your money while maintaining sufficient coverage.
Wide Range of Options
You can choose from a variety of insurance options to meet your specific needs. Square Insurance has everything you need, from basic coverage to comprehensive coverage.
Easy Online Process
The online buying process is easy and quick. You can get your insurance policy in just a few clicks, without any paperwork or long waiting times.
Believe in Dealing with a Transparent Process
Square Insurance believes in transparency and honesty. We provide clear information about policy terms, premiums, and coverage to give you complete information.
No Paperwork Hassle
With Square Insurance, you don't need to worry about lengthy paperwork. Everything is done online, making the process simple and stress-free. You receive your policy instantly without any problem.
How to Buy Bike Insurance Online?
Buying a two-wheeler bike insurance online with Square Insurance is a quick process. Here are the steps to follow:
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Go to the official Square Insurance website & click Bike Insurance
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If you're insuring a new bike, click the "Got a New Two-Wheeler" button.
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If not, then enter your bike registration number and click on the "View Plans" option
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Now, choose the RTO, make, model, variant, and registration year of your bike from the list.
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Review and select from the insurance plans offered by the top companies in India.
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Pick any extra covers you need and adjust the IDV (make sure it's 10% less than last year's policy).
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Complete the payment using your preferred online method (debit/credit card, UPI, or internet banking).
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After payment, your policy will be emailed to you within a minute.
How To Choose The Right Bike Insurance Policy?
Choosing the right bike insurance is important because it helps you save money and gives you good protection. If you pick a very cheap plan with less coverage, you may not get enough help during an accident. But if you choose too many extra add-ons, your premium will become expensive.
The best policy depends on what you need and what the insurance company offers. Before buying, check the premiums online and compare different plans. Here are some things to think about:
Check the Insurance coverage scope
Every bike insurance policy must include third-party coverage. You can also choose a comprehensive policy for wider protection. Before you buy, make sure you fully understand what the policy covers and what it does not.
Check Optional Add-ons
Add-ons give extra safety, but only choose the ones you actually need. A person who rides a bike every day needs different coverage than someone who rides only for fun. If you travel long distances or across states, check what coverage applies and what rules you must follow in other states.
Easy Claim Process
You understand the true value of your bike insurance policy when you file a claim. A cheap policy is not helpful if the claim process is slow or difficult. Check the company's Incurred Claim Ratio (ICR). A higher ICR means the company settles more claims and is more reliable.
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Check the Network Garages
If your bike gets damaged, you will need to visit a garage approved by your insurance company. Make sure the company has partner garages near your home. A company with many garages can also help you with road assistance and quick, cashless repairs.
Customer Support
You will need customer support when making a claim. Choose an insurance company that offers good support with multiple ways to contact them. Also, check how fast they reply and solve issues so you get help quickly when needed.
KYC Documents Required To Buy/Renew Bike Insurance Online?
When you buy or renew your bike insurance, you have to provide the following documents as proof of identity and proof of address:
Aadhar Card
Passport
Driving Licence
PAN Card
Voter ID
GST Certificate
How to Calculate Bike Insurance Premium Online?
The bike insurance premium calculator is a simple and free online tool useful for understanding the premium you have to pay. When you customise your policy, your premium will vary. The premium calculator will help you determine exactly how much you have to pay for your insurance and determine whether it is suitable for you. You must provide the following details to calculate premiums:
- Manufacturer
- Sum insured
- Make, model, and variant of the bike
- Date of registration
- Add-on cover
Online vs. Offline Bike Insurance: Which is Better?
Buying insurance for your bike is a simple process, and you can buy it both online and offline. In this section, we are going to compare these two modes that will help you understand why it is beneficial to buy insurance online:
| Factors | Online Mode | Offline Mode |
|---|---|---|
| Purchase mode | Compare and buy insurance from your home using your computer, laptop, or mobile phone | Go to the insurance office or get in touch with an agent |
| Premium | Affordable premiums without third-party involvement | The agent may quote a higher premium policy |
| Customer Support | 24 x 7 availability | Available only during working days and office hours |
| Paperwork | Zero to minimal paperwork | Huge paperwork |
| Transparency | Rates are instantly available from the insurer's website | Agents may hide essential details and quote higher rates |
| Comparison | Easy to compare multiple plans using a single website and find the best details | Limited exposure to plan availability, and it is based on the agent's preference |
| Renewal | Auto-saved policy details make renewal a breeze | Renewal takes time, and again, you must visit the insurance office or contact the agent. |
Common Terms Used in Bike Insurance
Understanding bike insurance becomes much easier when you know the basic terms. Here’s a simple guide to help you:
Premium
A premium is the amount of money you pay to keep your bike insurance active. Most people pay it once a year. If you don’t pay the premium on time, your policy becomes invalid.
Policyholder
The policyholder is the person whose name appears on the insurance policy. They are the owner of the insurance plan and receive all the benefits of the policy. Only the policyholder can make changes or file claims.
Insured Declared Value (IDV)
IDV is the maximum amount the insurance company will pay if your bike is stolen or completely damaged. It is usually based on the current market value of your bike. A higher IDV gives better protection but may increase your premium.
No Claim Bonus (NCB)
NCB is a reward you get for riding safely and not making any claims during the year. It comes as a discount on your premium for the next year. Over time, this discount can help you save a lot of money.
Third-Party Liability
This covers any damage or injury you cause to another person or their property while riding your bike. It is mandatory by law for all bike owners in India. However, it does not cover damage to your own bike.
Comprehensive Coverage
Comprehensive insurance protects you from almost all types of damage, including accidents, theft, fire, and natural disasters. It also includes third-party liability. This type of policy gives wider protection but costs more.
Add-Ons
Add-ons are extra features you can add to your policy for better coverage. Examples include zero depreciation, engine protection, and roadside assistance. They provide additional benefits but also increase the premium.
Deductible
A deductible is the amount you must pay from your own pocket when a claim is made. After you pay the deductible, the insurer pays the remaining amount. Choosing a higher deductible may reduce your premium, but increases your cost during claims.
Claim
A claim is a request you make to the insurance company when your bike gets damaged or stolen. You ask the insurer to pay for the repair or replacement as per the policy rules. Claims must be supported with proper documents and proof.
Endorsement
An endorsement is any change made to your existing insurance policy. This could be updating your address, adding a new add-on, or changing your bike details. Endorsements help keep your policy information correct.
Exclusions
Exclusions are situations or damages that your insurance policy does not cover. For example, riding without a license or drinking and driving are not covered. Knowing the exclusions helps you avoid claim rejection.
Inclusions
Inclusions are the things that your policy covers, such as accidents, fire, theft, or damages listed in the policy. Understanding inclusions helps you know exactly what protection you are getting. Always read your policy document carefully.
Own-Damage Cover
Own-damage cover protects your bike from damage caused by accidents, theft, fire, or natural disasters. It only covers your bike and not third-party losses. This cover is available with comprehensive policies or as a standalone policy.
Cashless Claim
In a cashless claim, you don’t have to pay the repair bill up front. The insurance company directly pays the network garage for the repairs. This makes the claim process easier and faster.
Second Party
The second party refers to the person who buys the insurance plan, also known as the policyholder. They sign the policy document and are responsible for paying the premium. They also receive the benefits of the policy.
Insurer
The insurer is the insurance company that provides you with the insurance policy. They promise to pay for the damages covered under the policy. The insurer is responsible for settling claims and offering customer support.
Different Factors Affecting Bike Insurance Policy Premium
Your bike insurance premium is the amount you pay for your insurance. Many things can increase or decrease this cost. Here are the main factors:
Bike Make and Model
The brand and type of your bike affect the premium. Expensive or sports bikes cost more to insure because their parts are costly to repair or replace. A simple commuter bike is usually cheaper to insure.
Age of the Bike
Older bikes usually have lower premiums because their value becomes less over time. This means they cost less to repair or replace compared to new bikes.
Engine Capacity
Bikes with bigger engines have higher insurance costs. They are faster and can lead to more accidents. For example, a 1000cc bike will cost more to insure than a 150cc bike.
Geographical Location
Where you live affects the premium. Busy cities with more traffic, accidents, or thefts have higher insurance costs. Quieter areas usually have lower premiums.
Type of Coverage
A comprehensive policy costs more because it gives more protection (for your bike and for third-party damage). A third-party-only policy is cheaper but offers limited coverage.
Add-Ons and Riders
If you add extra features like roadside assistance or zero-depreciation cover, your premium will increase. Add-ons give extra benefits but cost more.
No Claim Bonus (NCB)
If you don't make any claims for a year, you get a discount on next year's premium. This discount (NCB) can help you save a lot of money over time.
Usage of the Bike (Personal or Commercial)
Bikes used for work, like deliveries, have higher premiums because they are used more and have a higher risk of accidents. Personal-use bikes usually cost less to insure.
Anti-Theft Devices and Safety Features
If your bike has safety or anti-theft devices, your premium may go down. These devices reduce the chances of theft and accidents, making your bike safer.
How to Save on Bike Insurance Premium?
- 1 If you don't make any insurance claims during the year, you can get a discount on your premium for the next year. Make sure to claim it to save money.
- 2 Knowing your bike's age can help you understand why your premium is lower and can also help you buy for the best rate.
- 3 Adding anti-theft devices to your bike can reduce your insurance premium. These devices make your bike safer from theft, and insurance companies often offer discounts for having them.
- 4 Bikes with larger engines (higher CC) usually cost more to insure. If you want to save on insurance, choose a bike with a smaller engine that meets your needs.
- 5 Choosing a higher deductible can lower your premium because you are agreeing to pay more in case of a claim.
How to Raise Bike Insurance Cashless Claims Online?
Step 01
Tell your insurance company about the accident or damage.
Step 02
A surveyor will check your bike to estimate the damage.
Step 03
Fill out the claim form and submit it with the required documents.
Step 04
The insurance company will approve the repair request.
Step 05
Take your damaged bike to a network garage for repairs.
Step 06
After repairs, the insurance company will pay the garage directly.
Step 07
You may need to pay any deductibles and costs not covered by the insurance.
Documents Required for Filing a Two-Wheeler Insurance Claim
To file your two-wheeler insurance claim, you need to have these documents for a smooth process:
- Duly signed claim form
- A valid copy of your bike’s Registration Certificate (RC)
- A valid copy of your driving licence (DL)
- Active bike insurance policy
- Police FIR (for accidents, theft, and third-party liabilities)
- Original repair bill and payment receipts
- Proof of release
How to Renew a Bike Insurance Policy Online?
You have to renew your bike insurance policy before it lapses to continue getting the same coverage. If you want to change your insurance plan or provider, you can make a different choice at the time of renewal. Or offline. Here is the process that you follow for bike insurance renewal:
Step 1
First, go to the Square Insurance website.
Step 2
Find and select the renewal option for your existing insurance policy.
Step 3
Provide the information related to your current policy, such as policy number and personal details.
Step 4
Review your current coverage and make any changes or updates to match your needs.
Step 5
Use the provided tools to estimate the cost of your renewed policy.
Step 6
Select your preferred payment method, like credit card or bank transfer.
Step 7
Confirm and pay for your policy renewal to finalise the process.
FAQs on Bike Insurance Policy
Bike insurance is a policy that you buy to protect yourself from expenses if your bike gets damaged or stolen.
Bike insurance can cover damages from accidents, theft, fire, and natural disasters. It may also cover injuries to other people or their property if you cause an accident.
There are three types of bike insurance plans: comprehensive bike insurance, third-party bike insurance, and Stand alone own-damage bike insurance.
No, you cannot legally ride a bike without insurance in most places, especially in India. It is required by law to protect you and others.
No, skipping bike insurance is not advisable or legal. Riding without insurance can lead to huge fines and other penalties.