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  • Category: Two-Wheelers

    How to renew automobile two wheeler insurance?


    Are you looking for ways to renew your two wheeler automobile insurance? Our technical experts are here to show you the right way.

    I am using my Hero Honda Splendor Pro since 2011 and I renew the policy every year. Normally I renew the insurance policy with the Hero Honda Dealer. There are plenty of service providers but I do not know which are better and which gives better service. I want to now renew my two wheeler policy online rather than visiting a Hero Honda Dealer which keeps on changing the insurance company. From 2011 to 2015, they renewed my policy with ICICI Lombard, In 2016 and 2017, they renewed it with New India Insurance company. For next year, they are using TATA AIG insurance company to renew my policy yearly.

    But from now onwards, I want to get it renewed online with the best deal.

    Guide me to find the best dealer and way to do it.
  • #12667
    There are many options to renew two wheeler/ four wheeler insurance. Other than its main dealer, you can approach one of the Emission test representative in any petrol bunk in the town or city or nearby and inquire with them and sometime they also handle it with reasonable price without any further delay .

    The second option is, you can renew two wheeler insurance online by comparing each service provider and as per your choice. There it is not necessary that you have to go to the bike dealers or agent to renew it.

    The third option is, try to insure it with any Government related one (like Oriental Insurance Company etc.) directly by approaching their office, they will assist you on this and direct you accordingly. The only thing is, they will inspect your bike or car whatever to process it and give the insurance print-out within few hours once you pay the bill.

    Regards,
    Hafeezur Rahman

  • #12668
    First of all I want to make it clear that there are two types of Two Wheeler Insurance i.e Comprehensive and Third Party.

    Comprehensive- Comprehensive type of two wheeler insurance is considered as the best one. It cover all types of wear and tears to the vehicle and its rider and third party cover. we can also call it as the combination of own damage cover and third party insurance. It covers all aspects like damage caused to your bike and you as well as another person's bike or property. This type of insurance covers the cost of repair in case your bike has suffered fire or natural calamities, civil disturbance,theft etc. I should suggest you to read wisely the policy terms and conditions. One more important point should be kept always in mind while buying a policy that the more you will buy under your policy the more better it is.

    Third-party-
    This type of two wheeler insurance covers only against injuries and financial loss arising from the third party action or it covers the damages cause to the another bike,rider or property due to accidents. This insurance type doesn't cover damages caused to your bike due to theft, fire, civil disturbance, wear and tear, sabotage etc. Third party insurance is made mandatory by law in India. This is cheapest type of two wheeler insurance and it's rate is fixed by IRDAI every year. The cost of third party insurance varies as per the engine capacity of the motor vehicle.

    You want to buy a policy online for your bike then several points must be kept in mind those are:-

    1.Check that which company is providing you the highest bike value or the highest IDV rate.
    2.Read all the policy terms and conditions wisely before buying a policy.
    3.Keep all the details available with you while buying a policy like previous insurer name and policy number. It'll be better to keep the keep previous policy receipt in hand.
    4.If you had not renewed your bike's policy for more than 90 days then you have to start fresh. Starting fresh means the new bike policy will cover your bike after three days from the date of buying the new policy.
    5.Keep payment options like debit cards or banking details handy so as to use information when required.
    6.When you'll buy a policy online then they'll mail you the receipt to your email then take a color printout of the document and keep a hard copy with you and in your bike for hassle free driving. The receipt will be valid anywhere across the country.
    7.Now enjoy driving.

    Steps for buying policy online:-

    If you want to continue the bike's policy with the same insurer then you can also go for it using the above sites or you can directly visit the respective website of the insurer. If you don't want to compare the various policy available for your bike then directly visit the respective company website and get your two wheeler insurance.

    There are several sites which can compare the policy available for your bike like policy baazar, coverfox, policyx, easypolicy. Drop the details of your bike like your bike registartion number, your mobile number and email address. On entering the Bike's registration number they provide you quotes from the various insurance companies. Go with the one who will be providing the best value for your bike after depreciation i.e the best IDV (Insured's Declared value). IDV is the current market value of the vehicle. Provide them all the necessary details, make payment at the end and you'll also notice there the date from which your bike will be under policy cover. Take a print out of the receipt you had received on your email and hence done.

    If you want to continue the bike's policy with the same insurer then you can also go for it using the above sites or you can directly visit the respective website of the insurer. If you don't want to compare the various policy available for your bike then directly visit the respective company website and get your two wheeler insurance.


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