Get the Best Deals on Two-Wheeler Insurance Online—Here’s How

Introduction

In India, two-wheelers are not just a means of transportation—they’re an essential part of everyday life. From beating traffic in busy metros to serving as an economical vehicle for students and professionals alike, bikes and scooters dominate the roads. But just like any vehicle, a two-wheeler must be insured—not just because it's legally required, but because it protects your vehicle, finances, and peace of mind.

If you’re looking to save money and time, buying or renewing your two-wheeler insurance online is the smartest choice. This guide will walk you through how to get the best deals, what to look for, and tips that ensure you don’t overpay for protection.

Two-wheeler insurance online

1. Why Go Online for Two-Wheeler Insurance?

The shift from offline to online insurance has been massive—and for good reason. Here’s why you should skip the agent and go digital:

• Zero paperwork: Apply, pay, and receive your policy online—completely paperless.

• Instant policy issuance: No waiting. Your insurance certificate arrives in your email within minutes.

• Direct savings: No middlemen = no commissions = lower premiums.

• Transparent comparison: Evaluate features, premium, claim settlement ratio, and user reviews easily.

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2. Start with Comparing Multiple Insurers

Don’t make the mistake of going with the first insurer you find. Use online comparison tools or aggregators like Square Insurance, Policybazaar, or Coverfox to compare policies from multiple insurers side by side.

Look for:

• Premium cost

• Insured Declared Value (IDV)

• Add-on cover options

• Claim settlement ratio

• Garage network reach

• Customer reviews

Comparing allows you to choose a plan that balances affordability and coverage—not just one that looks cheapest on paper.

3. Understand the Types of Policies

Before buying, be clear about the type of insurance you need:

Third-Party Insurance

Mandatory in India. Covers legal liabilities towards a third party in case of accident, injury, or property damage. It does not cover damage to your own vehicle.

Comprehensive Insurance

Includes third-party cover plus protection for your own vehicle from accidents, theft, fire, and natural calamities.

Own-Damage Cover (Standalone)

This is available for those who already have third-party cover and want to enhance their protection with own-damage insurance.

Tip: Comprehensive plans often give the best value, especially when bundled with useful add-ons.

4. Customize with Add-Ons—But Only What You Need

When buying online, you can easily add (or remove) optional coverage based on your needs. Some useful add-ons include:

• Zero Depreciation Cover: Get full claim without depreciation cuts on replaced parts.

• Engine Protection: Protects engine damage due to water logging or oil leakage.

• Return to Invoice: If your bike is stolen or totally damaged, you get its invoice value—not the depreciated one.

• 24x7 Roadside Assistance: Get help in case of breakdowns or emergencies.

Choose what’s relevant to your area, usage, and bike age. Avoid unnecessary add-ons to save on premium.

5. Choose the Right Insured Declared Value (IDV)

IDV is the current market value of your bike. It’s also the maximum amount you’ll receive if your vehicle is stolen or totally damaged.

Online platforms allow you to adjust this amount.

• Higher IDV = Higher coverage + Higher premium

• Lower IDV = Lower premium + Less compensation

Smart move? Select a realistic IDV based on your bike’s condition and resale value.

6. Use No Claim Bonus (NCB) to Your Advantage

If you didn’t make any claim in the previous policy year, you're eligible for a No Claim Bonus (NCB)—a discount on the renewal premium. It can range from 20% to 50% based on the number of claim-free years.

NCB is transferable across insurers and should be applied at renewal. When buying online, ensure this discount is automatically factored into the premium.

7. Look for Long-Term Plans

Buying a 2- or 3-year two-wheeler insurance policy online offers:

• Lock-in against rising premiums

• Protection from policy lapse due to missed renewals

• Attractive discounts and fewer renewals to track

Especially if your vehicle is new or you don’t plan on changing it soon, this is a convenient and cost-effective option.

8. Check for Additional Discounts

Online insurers and aggregators frequently offer digital-only discounts. You can further lower your premium if:

• Your bike has anti-theft devices installed and approved by ARAI

• You’re a member of an auto association like AAI or WIAA

• You opt for voluntary deductibles, agreeing to pay a portion during claims

• You bundle bike insurance with other products (like health insurance)

Make sure you apply all eligible discounts before checking out.

9. Renew Before the Due Date

Allowing your policy to lapse can:

• Void your No Claim Bonus

• Lead to vehicle inspection during renewal

• Expose you to legal penalties if caught uninsured

Online portals allow you to renew up to 90 days in advance. Set reminders or enable auto-renewal options via netbanking or card mandates to avoid missing your deadline.

10. Read the Fine Print

Even though buying online is convenient, don’t skip reading:

• Policy terms and conditions

• Inclusions and exclusions

• What situations are not covered

• Claim process details

Transparent digital documentation gives you full access to policy wording. Spend 5 extra minutes understanding it—it’ll save you confusion and frustration during claims.

11. Check Claim Settlement Ratios

An insurer may offer the cheapest policy, but what good is that if your claim gets rejected?

Always check:

• IRDAI claim settlement ratio (higher is better)

• Customer reviews on ease of claims

• Turnaround time for claim approvals

Many platforms like Square Insurance provide these insights within the comparison dashboard.

12. Be on the Lookout for Seasonal Deals

Watch for discounts during:

• Festive seasons (Diwali, Dussehra, etc.)

• Financial year end (March)

• New Year or Independence Day sales

These can include cashback, discounted add-ons, or bonus coverage. Subscribe to email alerts or follow your insurer on social media to stay informed.

Conclusion

In 2025, buying two-wheeler insurance online isn’t just the modern way—it’s the smartest way. From saving time and money to enjoying transparent comparisons and custom coverage, the benefits are clear. With rising vehicle repair costs and increasing traffic risks, having the right policy at the best price is more important than ever.

So, take charge. Compare, customize, and lock in a plan that offers reliable protection at a competitive price. Ride safe—and ride smart—with the best deal you can find online.