5 min read
Updated on Nov 15, 2022
Is Two-Wheeler Insurance Premium Get Affected by Bike Modification in India ? Bought a new bike and you are still not happy with it? The best option for you is to go for a bike modification. There is nothing wrong with improving the bike you own in terms of its performance and looks. The only mistake you need to avoid is not checking the RTO rules for bike modification before going for any such bike modification. No matter, whichever, two-wheeler insurance plan you have bought, there are always chances that the premium of such insurance will increase if you modify your bike somehow. Why does this happen and how?
In this post, we aim to help you understand how does bike modification impact your two-wheeler insurance?
Whether you agree or not, driving a two-wheeler is always riskier than driving a four-wheeler vehicle. You as a two-wheeler driver put not just yourself, but others on the road, and your vehicle in danger every time you drive your bike or two-wheeler. To minimize the risk associated with a two-wheeler owing to an accident, injury, loss, or third-party liability, bikers are supposed to buy a two-wheeler insurance.
These days, all reputed insurance companies provide two-wheeler insurance online. It is their way to encourage more and more people to opt for bike insurance in a hassle-free manner with minimum or zero paperwork. Before buying two-wheeler insurance, make sure you calculate the premium amount to be paid using a reliable online two-wheeler insurance premium calculator.
Sometimes the bike a person buys doesn’t fit well in terms of performance or aesthetics. Sometimes, if both these parameters are satisfactory, the biker is worried for the bike to get stolen. So, the one solution to all these three problems of performance, aesthetics, and robbery, is an appropriate bike modification. With a slight modification to the bike, the vehicle can satisfy you in terms of performance and aesthetics. Moreover, with genuine security systems, you can prevent the chances of your bike robbery. Such is the importance of bike modification for a modern-day biker.
Now that you know what bike modification is, it is time you also learn about the different types of bike modification in India. Legal bike modification in India can be of three main types and they are:
You just got an idea of how bike modification can impact your two-wheeler insurance. With every big or small bike modification, there are chances of an increase or decrease in your two-wheeler insurance premium amount. However, remember that not all types of bike modifications alter the rate of your two-wheeler insurance premium. Some of the ways in which a bike modification may alter your two-wheeler insurance are:
Here is a list of the best two-wheeler bike insurance companies that may alter the insurance premium rate based on your bike modification:
In a nutshell, one thing is clear insurance policies on bike modification go hand-in-hand. Whatever bike modifications you choose will impact your two-wheeler insurance premium amount in some or the other way. If you wish to lower your two-wheeler insurance premium amount, you must install ARAI-certified security systems on your bike or two-wheeler. Other than that, if you increase the bike’s performance or aesthetics, be ready to shell out more on the bike insurance premium amount. A quick piece of advice for you here is that whenever you are itching for some bike modifications, do check out the Insurance Policies on Bike Modifications India and make a guided decision.
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