Two-wheelers populate the Indian vehicle segment. Most riders rely on their motorbikes to surf through heavy traffic. The low-maintenance requirements also contribute to the massive consumer base. A bike is prone to accidents and other unexpected mishaps despite its convenience. Hence, securing it should form your priority to ensure a safe commute. There are several providers for the same.
They offer distinct coverage facilities, premium rates, and service assurance. You must compare them carefully to make the best choice. The premium is the primary concern for most bike owners when buying a Two Wheeler Insurance. If you also prioritise the cost, there are ways to increase savings as policy providers do not set a standard premium for everyone. Understand and use these tips:
Look for discounts
Many new players have entered the insurance sector over the years. This has increased the competition. In a bid to survive the same, insurers offer attractive deals. As a result, you get seasonal discounts. Stay on the lookout for such deals while buying any General Insurance Policy online. This lets you get a low premium for your desired coverage. A little research makes a lot of difference in getting a favourable cost.
Compare insurers
Most insurers have extended their presence online. This makes getting intel on them easier. You only have to go to their website to get all the required information. Leverage this while buying Bike Insurance. Look beyond the quotes for effective comparison. Evaluate insurers based on the coverage, benefits, and service quality. Also, consider your needs to get suitable coverage at a reasonable premium.
Renew before expiry
Most Insurance policies come with a yearly validity. After this, you must renew them to ensure continuity. Insurers alert you for the Bike Insurance renewal. Keep a check on such reminders and renew before expiry. You maintain its validity and get a No Claim Bonus. You also save on the inspection charges, which mostly happen after the policy expires. This way, you prevent the premium from increasing on the Motorcycle Insurance.
Take safety precautions
Insurers recognise responsible drivers and negotiate a better premium. They consider your driving record and vehicle’s condition to decide on the 2-Wheeler Insurance premium. Hence, maintaining a clean driving history and taking safety precautions boost your profile. You do this by following the road rules and installing anti-theft devices. This minimises the insurer’s risk and attracts a favourable premium.
Most policyholders do this to reduce the premium rate but falter later. However, you should maintain this record throughout the policy period to continue enjoying a lower premium rate. You also get NCB to reward your responsible behaviour.