GET TWO-WHEELER INSURANCE PLANS
Compare Two Wheeler Insurance
Two-wheeler insurance is also known as a bike insurance plan. As we know, two-wheelers are more prone to accidents than cars, especially on Indian roads. Hence, it is important to have a two-wheeler insurance policy that protects you and your bike from third-party liabilities, damages like accidents, natural calamities, riots, fire, or theft.
Many insurance companies are offering different types of two-wheeler insurance plans in India. So, if you are buying a bike insurance policy online for your vehicle, it is important to compare two-wheeler insurance plans to find the best bike insurance plans as per your requirement. The best way to compare two-wheeler insurance online is with the InsureNow, brand name under Advance Life Insurance Brokers Pvt. Ltd, two-wheeler comparison tool. It is an online tool through which you can compare different bike insurance policies in one go. With the help of this online comparison, you can choose the best two-wheeler insurance policy that meets your needs.
Importance of Comparing Bike Insurance Online
Nowadays, insurance companies offer an online tool to compare bike insurance plans. It is important to compare different bike insurance plans to buy the best two-wheeler insurance policy for your vehicle at an economical premium. Below mentioned are the key factors that show the importance of comparing bike insurance online:
Time-Saving
Comparing two-wheeler insurance online saves your time and effort as you do not need to visit an insurance company’s office. Also, you can know about the various coverage benefits, premium amounts, and exclusions from your home.
Simple Process
You can compare different bike insurance plans at a time by simply entering a few details such as vehicle model, vehicle make, purchase year, etc.
Make Informed Decision
Comparing two-wheeler insurance plans helps you to make an informed decision while buying bike insurance for your two-wheeler.
Free of Cost
You can use this online tool as many times as you want as it is a free tool that helps you compare different two-wheeler insurance plans at a time.
Comprehensive vs Own Damage vs Third-Party Bike Insurance
The below table is showing a comparison between a Comprehensive Bike Insurance Policy, a Third Party Bike Insurance Policy, and a Standalone Own-Damage Bike Insurance Policy.
| Features | Third Party Bike Insurance | Standalone Own-Damage Bike Insurance | Comprehensive Bike Insurance |
|---|---|---|---|
| Bike Insurance for Accidental Damage | Not Covered | Covered | Covered |
| Bike Insurance for Damage due to natural disaster | Not Covered | Covered | Covered |
| Motor Insurance for Damage due to fire | Not Covered | Covered | Covered |
| Personal Accident cover | Not Covered | Covered | Covered |
| Bike Insurance for Damage to a third-party person | Covered | Not Covered | Covered |
| Bike Insurance for Damage to a third-party person | Covered | Not Covered | Covered |
| Zero Depreciation | Add-on Available | Add-on Available | No Add-ons |
Important Factors Used to Compare Two Wheeler Insurance Policy
Below mentioned are the important factors that used to compare two wheeler insurance plans:
Premium Amount
While comparing different two-wheeler insurance policies, you should always check the premium amount of each bike insurance plan. So, we have recommended that you always buy a plan that offers you maximum coverage benefits at a low premium amount.
Coverage Benefits
Different bike insurance plans should be compared in terms of their coverage benefits. There are 2 types of two-wheeler insurance plans in India i.e. third-party bike insurance which protects the policyholders from third-party persons and damage to property and natural calamities. Another is comprehensive bike insurance, which covers damage to third-party persons and property as well as theft and accidents. Policyholders can increase the coverage benefits by purchasing optional add-on covers on their basic plans.
Customer Reviews
Always compare customer reviews before buying a bike insurance plan. These reviews are available online and give you insight into the personal experience of the policyholder.
Network Garage
You should always look at the network garage of the insurer. An ideal insurance company has several cashless network garages across the country.
Claim Settlement Ratio
You should always check the claim settlement ratio of the insurance company as it shows the claims settlement ability of the insurance company. It means Claim Settlement Ratio is the ratio of claims received to the claims settled in a financial year. The higher the claim settlement ratio, the better the claim settlement ability of the insurance company.
Check Exclusion
Always check the list of policy exclusions, it tells you what is included and what is not included in your two-wheeler insurance policy. This factor gives you an idea of whether a bike insurance policy is worth buying or not.
How to Select The Best Two Wheeler Insurance Plan?
Below mentioned are the tips to select the best bike insurance plan as per your needs and requirement for your vehicle:
- Analyze your Requirement
- Compare two-wheeler insurance online
- Check the IDV value of the vehicle
- Check bike CC (cubic capacity)
- Choose the right additional riders
- Check customers reviews
- Check the claim settlement ratio of the insurer
Benefits of Comparing Bike Insurance Online
There are several benefits of comparing bike insurance plans in India. Some of which are as follows:
Convenience
Comparing bike insurance online is a simple and time-saving process. You can compare different bike insurance plans from the convenience of your home as you do not need to visit the offices of different motor insurance companies to compare different two-wheeler insurance plans.
Get Premium Quotes
You can check and compare various bike insurance premium quotes through the “InsureNow” premium calculator. It’s a free online tool that you can use as many times as you want. You can also add various additional riders to your policy and check the effect on your bike insurance premium.
Hassle-Free Process
The two-wheeler insurance plans comparing tool is quite simple and effortless. you can compare different bike insurance plans in just a few clicks.
Unbiased Decision Making
You can take advantage of the availability of accurate and unbiased information if you opt to compare bike insurance plans online. Hence, you can make an informed decision without seeking professional guidance or relying on the limited range of policies available from various insurance brokers.
Online Bike Insurance Comparison vs Offline Bike Insurance Comparison
The below table is showing you the comparison between the offline bike insurance and online bike insurance:
| Online Comparison of Bike Insurance | Offline Comparison of Bike Insurance |
|---|---|
| Quick and Time Saving | Slow Process |
| Completely Free of Cost | Miscellaneous charges such as transportation cost |
| Offers high flexibility | Flexibility is low |
| Access to check customer Feedback | Do not have access to check customer feedback |
| No paperwork involved | A lot of paperwork involved |
How to Compare Two Wheeler Insurance?
There are many two-wheeler insurance companies in India offering various bike insurance plans. If you want to compare different bike insurance plans, you can do so on the official website of “InsureNow” from the comfort of your home or office. If you are wondering how to compare different two-wheeler insurance policies, here is a simple way:
- Visit the official website of InsureNow.
- Go to the InsureNow “Compare Two Wheeler Insurance” page
- Fill in the details in the form provided to you
- The details that you need to provide include the type of the vehicle, Type of the model, and purchase year.
- Select the type of plan you want
- Click on ‘Instant Quote’ to view the quotes of different bike insurance policies
- You can also customize the quotes according to riders, and plan benefits.
- Compare the different bike insurance policies available in the list
- Once you choose your desired policy, you can buy the two-wheeler insurance plan after filling in your details and paying the premium online.
Why Choose “InsureNow”?
Steps To Buy The Two Wheeler Insurance Policy
Below mentioned are the steps to buy the best two-wheeler insurance policy online:
- Visit the official website of the company
- Select your bike and enter the purchase year
- Select your desired bike insurance plan
- Add the desired add-on riders such as zero depreciation, engine cover, etc.
- Make the payment online and the insurance company will send the policy document at your registered email id.
Disclaimer: The information published in this article is for the reader′s reference only. This information provides an overview of your motor insurance needs and should not be relied upon for personal, medical, legal, or financial decisions. You should consult an appropriate professional for specific advice. It makes no representations about the suitability, reliability, timeliness, and accuracy of the information, services, or other items mentioned on this subject for any purpose whatsoever.