How to Buy Best Motorcycle Insurance Online in 2021 In India?

Every time you take your bike out for a spin, there are a few prerequisites to check. You need to wear your helmet, followed by adequate safety gear, and ensure that you have a valid bike insurance policy. Once you have these three, you can munch miles without worries.

If you want to purchase the best motorcycle insurance online, here are a few steps that you need to consider:

Choose The Type of Bike Insurance Plan That You Wish to Buy:

Third-Party Vs Comprehensive?

Whether you opt for an online two wheeler insurance policy or an offline policy, you can either buy it as a third party liability or as a comprehensive policy. Knowing the differences between them will help you secure the best motorcycle insurance online.

1. 1. Third-party liability is the bare minimum requirement as per the IRDAI. In the event of an accident, the policy will cover any damages caused to vehicles, other individuals, or properties. The policy also takes care of any legal liabilities coming out of such situations. Its minimal coverage attracts a lower premium.
   2. A comprehensive bike insurance policy, on the other hand, offers a host of features at a slightly higher premium. Apart from third-party liability, it offers its own damage coverage and personal accident cover. In simple terms, you can claim any damages to your bike due to accidents, natural calamities, or man-made nuisances.

Choose The Riders For Your Policy:

Buying a policy through insurance brokers online gives you the option to pick and choose from the different riders available. A rider helps you to enhance your policy’s coverage by paying a small premium. Riders cater to specific needs and can help you save a considerable amount of money in the long run.

Some common riders in an online two wheeler insurance policy are zero depreciation cover, roadside assistance cover, NCB protection, etc. If you are someone who claims their policy regularly, opting for the zero depreciation rider for your online two wheeler insurance policy would save you a considerable amount of money. The rider ensures that insurance companies do not consider the depreciation amount of parts or repairs and pay you the entire claimed amount.

Steps to Buy The Best Motorcycle Insurance Plan Online:

Once you know which policy best suits your needs, you can proceed to buy motorcycle insurance online.

1. Visit the website of any insurance aggregator or broker.
2. Enter the details required on the website.
3. Enter your current city and RTO details.
4. Select the manufacturer of the bike and the model that you own.
5. Enter the year of manufacture for your bike.
6. After you enter these basic details, insurance brokers online will provide you with a list of all the policies that fit the details entered by you.
7. Browse through the available plans and select one that would meet all your requirements. Once you have the base plan.
8. Choose the riders that you would like to add to your plan.
9. Opt for an online payment option such as net banking, credit card, debit card, UPI, etc. to make the payment online.
10. Once the payment has been done, the policy copy would be sent to your registered email id.

This is how you can buy the best motorcycle insurance plan online.

Policy buyers willing to buy the best bike insurance can take the help of several insurance brokers online and secure a plan that offers adequate cover with a low premium bill.