One in three Indian households owns a bike or a two-wheeler. A two-wheeler is not just an affordable means of commuting, it is also quite convenient to ride and easy to manage. When a bike is purchased, it has to have insurance coverage, under the Motor Vehicle Act, 1988. If you are caught riding without an insurance policy, you can be charged with a punishable offence. Therefore, when buying a bike, you need to cover it with an insurance plan. 

But with the market flooded with two-wheeler insurance policies, it may become a little overwhelming to choose the right plan. The best way to do this is to compare two-wheeler insurance plans. If you or someone you know is planning to buy a two-wheeler, here is a complete guide to compare two-wheeler insurance plans. 

When you have to compare two-wheeler insurance plans, only comparing the premium is not enough, keep in mind the following points:

1. Compare the Two Kinds of Policies

As you know there are two main types of two-wheeler insurance plans:

  1. Third-Party Liability Bike Insurance
  2. Comprehensive  Bike insurance
    Based on your needs, you first need to decide what kind of insurance would be more suitable for you as well as your bike. Look out for the coverage that both types offer and then weigh the pros and cons of each.

2. Compare the Exclusions

While focusing on what is included in the policy, you need to keep an eye on what is not included in the coverage. Go through the list of exclusions when surfing about two-wheeler insurance online. This would save you from any kind of heartburn later.

3. Compare the Discounts

When you compare two-wheeler insurance online, it is also important to compare the quotes offered by different companies. Go through different plans carefully. Rather than picking a plan that has the lowest premium, opt for a plan that offers maximum coverage while being within your budget.

4. Compare the Features Offered

You also need to keep a tab on the add-ons that are being offered by a company. Look for in-built benefits, as they are cheaper. Some companies offer exclusive add-ons like helmet cover, roadside assistance, accessories cover, lock and key replacement cover etc. You should also compare the features of cashless garages. The wider the garage network, the easier it would be to get your bike repaired at a company-trusted garage.  

5. Compare the Reviews

When comparing two-wheeler insurance plans online, you have easy access to the reviews of policyholders about the company and the options offered. A trustworthy company would obviously have positive reviews about its claim settlement process, customer care etc.

Buying a two-wheeler insurance plan online comes with its own set of advantages. You not only get endless and exclusive options but can also select the one that suits you the most, at your own convenience. Another major advantage when buying two-wheeler insurance online is that it becomes very easy to compare two-wheeler insurance plans.