Third-party two-wheeler insurance is required by law per the Motor Vehicles Act 1988. You can also look towards getting a more extensive insurance plan and reap the benefits of increased protection. This insurance policy would protect you, your passengers, other people’s property, and your vehicle.
However, when given so many choices, choosing which would provide the ideal value can be difficult, considering coverage and cost. To help you buy motorcycle insurance at a cost-effective rate, here are some helpful hints:
- Beef Up the Safety Measures on Your Bike
Adding more safety measures to your motorbike can provide peace of mind and reduce the premium. If your bike is locked up, the insurance company will have less responsibility in the event of theft, vandalism, or other mishap. If your motorbike has safety features and other security measures verified by the Automotive Research Association of India (ARAI), your insurance company may provide a concession. *
- Make Definite Choices While Deciding on Extras
Motorbike insurance riders expand your protection in the event of an accident. Riders such as Roadside Assistance, NCB coverage, and zero depreciation benefit, are some of the most popular add-ons for two-wheeler policies. Depending on what you’re looking for, there are several possibilities. Remember that additional costs will be associated with these “riders” when applying for a Bajaj Allianz bike insurance claim, so only purchase what is necessary. *
- Evaluate Multiple Possibilities
Don’t you love the feeling of winning a great bargain? Comparing premiums of different companies that offer two-wheeler insurance is one of the best methods to save money. When comparing insurance policies, you may look at several factors, such as coverage, riders offered with the policy, the claims process, and the mode of payment accepted for paying the monthly premium on a two-wheeler insurance app. The easiest way to find affordable and comprehensive two-wheeler insurance is to look online for quotes. * ##
- Think Carefully About Your Bike Purchase
A high-performance bike with cutting-edge features may be on your shopping list. A more expensive bike with a more powerful engine may come with a greater premium. However, the premium is higher for such high-end bikes, majorly due to their cost. Therefore, take this into account when getting a new motorbike.
- Don’t Make Unsubstantiated Assertions
If you don’t file any claims throughout the policy period, your insurance company can reward you with a No Claim Bonus (NCB). It’s a bonus for being a responsible motorist. If you file a claim during the policy period, no matter how little the damage, you will no longer be eligible for NCB when it comes time to renew your policy. You may decide against filing a Bajaj Allianz bike insurance claim if your bike has minor damage. Instead, you should pay for minor damage like a ding or scratch out of your own money.
The above tips can help you significantly reduce your premium costs and should be remembered. ##
Get insured anytime, anywhere! Check out the Bajaj Allianz General Insurance website to learn more and download the app now.
* Standard T&C Apply
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.