Best Two-Wheeler Insurance Plans in India to Buy in 2022


6 min read

Updated on Aug 25, 2023

Best Two-Wheeler Insurance Plans

Two-wheelers continue to be a highly preferred mode of transport owing to their convenience on narrow and bumpy roads and easy affordability. Since the introduction of the Motor Vehicles Act, 1988, third-party two-wheeler insurance plans are compulsory for two-wheeler owners. Many companies offer two-wheeler insurance online and customers can easily purchase and renew them. The best two-wheeler insurance plans offers coverage to your bike in case of any damage in unforeseeable events.

Since the market is crammed with numerous two-wheeler insurance plans, choosing the best two-wheeler insurance plan can be a daunting task for bike owners. Here we suggest some of the top choices.

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Types of Two-Wheeler Insurance Policies

There are 3 types of insurance policies for Bike or Two-wheelers in India.

1. Third-Party Insurance Policy

This type of insurance offers protection against all third-party damages (both property and personal).

Read More:  Bike or Two-Wheeler Third-Party Insurance

2. Own Damage Policy

This policy protects your insured two-wheeler from various accidents/damages.

Read More: Standalone Own Damage Bike Insurance

3. Comprehensive Policy

This type of insurance policy guards your two-wheeler against damages caused to both third-party and own vehicle – both natural such as fire and natural calamity, and man-made disasters like theft and accidents.

Here we discuss some of the best two-wheeler insurance policy plans in 2022 with their features.

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11 Best Bike Insurance Plans in India

Below are the Top 11 Bike insurance companies in India of the year 2022.

Magma HDI General Insurance Company

If you want the best online two wheeler insurance for your dream bike, then this could be an ideal choice for you. This insurance plan caters to various insurance needs of customers. Some features are:

  • This long-term flexible policy plan offers you a discount of up to 20%
  • It offers accidental coverage along with bike insurance
  • It gives you the option to purchase and renew your policy online
  • It allows you to pay the premium one time
  • It provides access to multiple payment modes to pay your premium amount
  • It entitles you to free services at network garages
  • It offers prompt customer service for claim-related queries
  • It offers add-ons for comprehensive insurance

Bajaj Allianz Two-Wheeler Insurance

When you are looking for the best online two-wheeler insurance company in India, Bajaj Allianz should be on your list. Some of the prime features of this insurance plan are:

  • The plan covers costs for damage to your two-wheeler due to both natural disasters like earthquakes, floods, cyclones, etc., and manmade mishaps such as burglary or riots
  • It provides customers with third-party liability benefits
  • It offers free services at network garages
  • It allows you to renew your policy online
  • It offers 24X7 customer support to resolve customer issues
  • It offers an easy and hassle-free claim-settlement process
  • It provides all updates regarding your claim status via SMS

Liberty General Insurance Company

If you are thinking about which insurance is best for bike, then you can go for Liberty two-wheeler insurance without any confusion. Some features are:

  • You can tailor-make the plan as per your insurance needs
  • You are allowed coverage for personal accidents
  • You receive cashless facilities at network garages
  • You can purchase and renew the policy online

Digit General Insurance Company

This is truly the best two wheeler insurance in India as it offers damages to third-party liabilities as well as own damage. Some attractive features are:

  • The company has many network garages throughout the country where you can enjoy cashless facilities for repairing services
  • As per your requirements, you can customize the plan
  • You can get updates on your smartphone regarding the claim-settlement process
  • The company will pick up and drop your bike/two-wheeler from your home

HDFC Ergo General Insurance Company

This 360-degree insurance plan offers you complete protection against all types of financial losses due to an accident or mishap.

  • You may purchase the policy online at your convenience
  • The plan comes with third-party liabilities
  • It offers an easy renewal process for customers
  • An array of additional covers is included with the plan

IFFCO Tokio Two-Wheeler Insurance

This is the most pocket-friendly insurance plan offering complete financial assistance to bike owners. Some intriguing features are:

  • An easy and quick claim-settlement process
  • Convenient purchase without any hassle
  • 24X7 customer support to answer customer queries
  • Wide range of emergency services

National General Insurance Company

This policy plan protects your vehicle from all unfortunate events. Some features of the plan include:

  • Customized plans as per the requirements of customers
  • Online tracking of the claim-settlement process
  • NCBs offered to policyholders
  • Easy cashless claim facility

New India Assurance General Insurance Company

This government-run company is present in more than 27 countries. Some features are:

  • Quick and hassle-free claim-settlement process
  • All grievances addressed within 15 days

Reliance General Insurance Company

Reliance Insurance is an eminent insurance company that welcomes customers with remarkable two-wheeler insurance policies. Some features are:

  • Quick claim settlement through NEFT
  • Comfortable online renewal of policy
  • More than 1200 network garages offering free repair or replacement services
  • 24X7 customer support

Universal Sompo General Insurance Company

This specially designed insurance plan takes care of all your insurance needs so that you can be stress-free.

  • The company offers short-term covers to bike owners
  • You may be entitled to lucrative discounts on installation of anti-theft devices
  • The plan covers NIL depreciation, personal accidents, etc.

TATA AIG Two-Wheeler Insurance

Let’s take a look at some of the prime features of this insurance policy plan:

  • It offers a 6-month warranty for all accident damages
  • The company assures claim settlement within 7 days
  • In case of an accident, the company reimburses the cost of damage to personal belongings present in the two-wheeler
  • Provides a dedicated customer-support team

Here we mentioned the list of only the best two-wheeler insurance plans in India in 2022. You can find many more two-wheeler insurance policies online.

Why Do You Need Two-Wheeler Insurance on Indian Roads?

  • Offers protection to all types of two-wheelers like motorcycles, scooters, moped, and others
  • Covers most repair costs, including those of nuts, bolts, spare parts, and many more
  • Saves money on unforeseen expenses such as those on accidents
  • Provides add-on facilities like road assistance if you need emergency support on the road
  • Assures stress-free two-wheeler rides on the road

The above post will help you select the best insurance plan for your two-wheeler/bike so that you can ride it without any hassle on Indian roads.

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Jul 28, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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