Step By Step Guide on How To Buy Bike Insurance?

If you are a biker, you’ll understand the pain and agony if there is even a little scratch or a dent on your shining bike. Undoubtedly, although four-wheelers have dominated the roads in the current era, bikes still tend to have a loyal customer base, and many people opt for them.

Now, to protect your two-wheeler, you should drive it properly to avoid any untoward incident but if by chance such a thing takes place, make sure that it doesn’t take a toll on your pocket by going for insurance. Nowadays, getting bike insurance online or offline is super easy, but due to the feasibility that comes with digital mode, it is just a matter of a few taps on your smartphone.

What is a bike insurance policy?

It refers to an insurance policy to cover any damages that may occur to your bike due to an accident, theft or natural disaster. It also provides protection against third-party liabilities arising from injuries to one or more individuals. Keep in mind that you can either buy bike insurance online or offline.

(Tip: Go online! You’ll get the best deal.)

Around one year back, I purchased the Yamaha R15 V4, my dream bike, and I have been eyeing it for a long time. Now, the matter of fact is that I spent around Rs 2 Lakh on my precious bike, so it’s pretty obvious that it’s a wise decision to buy insurance for the same. Well, the merchant from which I purchased the bike tried to convince me to get the insurance from them only, but I denied it.

So now, I’ve been using the ‘Bajaj Finserv: UPI, Pay, Loans’ application for the past year and when I learned that I could get my bike insurance online from here only, it was a jackpot. With just a few taps, I purchased my bike insurance within seconds.

Here is the simple procedure to get your bike insurance –

1.  Download the ‘Bajaj Finserv: UPI, Pay, Loans’ application. It is available on both App Store (iOS) and Play Store (Android)

2.  Sign up with your details

3.  On the Home Page, you’ll see a section of ‘Insurance Bazaar’

4.  Click on Bike

5.  Enter your vehicle registration number and city pin code to get competitive pricing

6.  Enter Vehicle Details and Get a Quote

7.  Choose the one which suits your budget and needs

Please keep in mind that not every biker pays the same insurance amount to get their bike insured, as many factors come into play to determine the cost of a bike insurance policy. However, it is well-known that bike insurance protects you from unexpected expenses and helps comply with the Motor Vehicles Act 1988, which defines that third-party motor insurance is mandatory in our country.

The increasing number of two-wheelers on Indian roads has contributed to increase in traffic, ultimately leading to a greater risk of accidents. Notably, as per the Government of India, all vehicle owners must buy insurance. So if you haven’t got one, now is the right time to get your bike insurance online easily by following the above-mentioned steps.

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