Best Two Wheeler Insurance In India

Best Two Wheeler Insurance In India


India is a country that is driven by two-wheelers. With such a high number of bikes on the road, it’s crucial to prioritize the safety of your ride. One way to ensure protection for your beloved motorcycle or scooter is by investing in the best two-wheeler insurance plan available in India.

In this article, we will explore the various aspects of two-wheeler insurance in India, including key features, benefits, and factors to consider when choosing the best plan for your needs.

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Understanding Two Wheeler Insurance

When it comes to protecting your two-wheeler from unforeseen circumstances, such as accidents, theft, or damage due to natural disasters, having comprehensive coverage is essential. The best two-wheeler insurance plans offer coverage for both third-party liabilities as well as own damage incurred by your vehicle. Whether you own a motorcycle or a scooter, comprehensive coverage ensures that you are financially protected from any potential risks.

Third-Party Liability Insurance – A Legal Requirement

In India, all vehicle owners must have third-party liability insurance. This type of insurance covers any damage caused to third-party property or bodily injury in the event of an accident involving your two-wheeler.

While third-party liability insurance fulfills a legal obligation, it is important to note that it does not cover any damages to your own vehicle. To ensure comprehensive protection, it is advisable to opt for a plan that includes own-damage coverage as well.

Factors to Consider When Choosing the Best Two-Wheeler Insurance Plan

Premium Amount and Affordability

One of the key factors to consider when selecting the best two-wheeler insurance plan is the premium amount. The premium is the cost you pay towards your insurance policy, and it can vary based on multiple factors such as the make and model of your vehicle, age, location, and additional riders you may choose to include.

While affordability is important, it’s crucial not to compromise on coverage for the sake of saving a few bucks. Look for plans that offer a balance between reasonable premiums and comprehensive coverage.

Coverage and Add-Ons

The level of coverage provided by an insurance plan is another crucial factor to consider. Look for policies that offer comprehensive coverage for both own damage and third-party liabilities. Additionally, evaluate the availability of add-ons such as zero depreciation cover, roadside assistance, and engine protection.

Add-ons enhance the basic coverage offered by your insurance plan and provide additional benefits. Assess your requirements carefully and choose add-ons that align with your needs.

Customer Service and Claim Settlement Ratio

A good insurance company provides comprehensive coverage and also offers efficient customer service and hassle-free claim settlements. Before finalizing a two-wheeler insurance plan, research the insurer’s claim settlement ratio. This ratio indicates the percentage of claims that the company has settled successfully. A higher claim settlement ratio indicates a higher probability of your claim being settled smoothly.

Benefits of Two Wheeler Insurance

Protection Against Unforeseen Accidents

Accidents can happen to anyone, regardless of how cautious you are on the road. A comprehensive two-wheeler insurance plan offers financial protection against damages caused due to accidents. Whether it’s repairing your vehicle or covering medical expenses in case of bodily injury, having insurance ensures that you are financially prepared for unexpected events.

Coverage Against Theft and Vandalism

Two-wheelers are often targeted by thieves due to their portability and ease of resale. In such unfortunate instances, an insurance policy can provide coverage against theft or damage caused by vandalism.

With a comprehensive two-wheeler insurance plan, you can have peace of mind knowing that even if your bike gets stolen or vandalized, you will be compensated appropriately. This ensures that your investment in your two-wheeler is protected.

Tips for Choosing the Best Two-Wheeler Insurance Plan

Before choosing a two-wheeler insurance plan, it’s crucial to assess your riding habits and usage patterns. Factors such as daily commute distance, usage in crowded areas, or exposure to accident-prone zones will influence the type and level of coverage you require.

For instance, if you frequently ride through congested areas with high accident rates, opting for a policy that covers damages caused by natural disasters or provides roadside assistance might be beneficial.

Considering the Age of Your Vehicle

The age of your two-wheeler plays a significant role in determining the type of insurance plan you should opt for. If you own a new vehicle, it is advisable to purchase a comprehensive policy that covers both third-party liabilities and damage. However, if your vehicle is older, you can consider opting for a basic third-party liability policy to fulfill legal requirements.

How To Find the Best Two-Wheeler Insurance Plan

By leveraging the resources and information available on platforms like Koshex, you can make a well-informed choice and ensure that you select the best two-wheeler insurance plan that suits your needs. When considering two-wheeler insurance, it’s important to keep in mind the following key points:

  • Coverage Options: Look for a comprehensive plan that offers a wider scope of coverage, including protection against expensive repair costs and theft
  • Add-Ons: Consider buying add-ons to enhance the coverage of your insurance policy, such as zero depreciation, personal accident cover, and theft coverage
  • Comparing Plans: Comparing different insurance plans will help you find the most suitable policy at the best premium
  • Customer Support: Choose an insurer that offers 24/7 customer support to ensure that all your queries are resolved in a hassle-free manner
  • Claim Process: It is important to choose an insurer with a quick and hassle-free claim process
    By considering these factors and utilizing the resources provided by Koshex, you can effectively navigate the process of finding the best two-wheeler insurance plan.


Q1: What factors affect the premium amount for two-wheeler insurance?

Answer- The premium amount for two-wheeler insurance depends on factors such as the make and model of your vehicle, location, age, and additional riders. It is advisable to evaluate your requirements and choose a plan that offers a balance between affordability and comprehensive coverage.

Q2: Can I purchase two-wheeler insurance online?

Answer- Yes, purchasing two-wheeler insurance online is quick and convenient. With Koshex’s user-friendly platform, you can compare plans, evaluate premiums, and purchase the desired policy in just a few simple steps.


– IRDA Annual Report 2020-21, Insurance Regulatory and Development Authority of India