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Riding a bike in India means dealing with traffic and potholes on the road. A good two wheeler insurance policy takes care of the financial worry so you can focus on the ride. With Okbima, you can check prices, compare plans, and finish your purchase or renewal without any paperwork hassle.
Bike insurance, also called two wheeler insurance, is a policy that protects you financially when your bike gets damaged because of an accident, fire, theft, or a natural calamity like a flood or storm. It also takes care of third-party liability, which means if your bike ends up hurting another person or damaging their property, the policy pays for it. This third-party cover is not optional in India; the law requires every bike owner to have it, and skipping it can cost you a challan of 2,000 or more.
Buying or renewing your two wheeler insurance is quick and simple. At Okbima, you get to see prices from multiple insurers side by side, pick whichever plan makes sense for your budget and needs, and complete the entire process in a matter of minutes. We keep our prices competitive and our claims support fast, so you get good value without compromising on protection.
A lot of bike owners still treat insurance as just another box to tick before their bike passes the RTO checks. But the truth is, a good policy does much more than keep you legally compliant. It becomes your backup plan the day something unexpected happens, whether that's a minor scratch from a careless car door or a full-blown accident on the highway. And with rising repair costs and expensive spare parts, especially for newer bike models, going without proper coverage can turn out to be a costly mistake.
| Insurer | Sector Type | Starting Price* | Action |
|---|---|---|---|
| Private Insurers | |||
| Cholamandalam | Private | 758/- | Get Free Quote |
| Generali Central | Private | 714/- | Get Free Quote |
| HDFC ERGO | Private | 875/- | Get Free Quote |
| ICICI Lombard | Private | 852/- | Get Free Quote |
| IndusInd | Private | 723/- | Get Free Quote |
| Royal Sundaram | Private | 952/- | Get Free Quote |
| TATA AIG | Private | 1,008/- | Get Free Quote |
| Zurich Kotak | Private | 735/- | Get Free Quote |
| Public Insurers | |||
| National Insurance | Public | 754/- | Get Free Quote |
| United India | Public | 784/- | Get Free Quote |
| Insurer | Sector Type | Starting Price* | Action |
|---|---|---|---|
| Private Insurers | |||
| Cholamandalam | Private | 714/- | Get Free Quote |
| Generali Central | Private | 714/- | Get Free Quote |
| HDFC ERGO | Private | 714/- | Get Free Quote |
| ICICI Lombard | Private | 714/- | Get Free Quote |
| IndusInd | Private | 714/- | Get Free Quote |
| Royal Sundaram | Private | 714/- | Get Free Quote |
| TATA AIG | Private | 714/- | Get Free Quote |
| Zurich Kotak | Private | 714/- | Get Free Quote |
| Public Insurers | |||
| National Insurance | Public | 714/- | Get Free Quote |
| United India | Public | 714/- | Get Free Quote |
| Insurer | Sector Type | Starting Price* | Action |
|---|---|---|---|
| Private Insurers | |||
| Cholamandalam | Private | 348/- | Get Free Quote |
| Generali Central | Private | 233/- | Get Free Quote |
| HDFC ERGO | Private | 456/- | Get Free Quote |
| ICICI Lombard | Private | 460/- | Get Free Quote |
| IndusInd | Private | 326/- | Get Free Quote |
| Royal Sundaram | Private | 327/- | Get Free Quote |
| TATA AIG | Private | 455/- | Get Free Quote |
| Zurich Kotak | Private | 342/- | Get Free Quote |
| Public Insurers | |||
| National Insurance | Public | 248/- | Get Free Quote |
| United India | Public | 365/- | Get Free Quote |
Two wheeler insurance isn't just another expense to tick off; it genuinely protects you in more ways than one.
The Motor Vehicles Act makes third party bike insurance compulsory for every rider in India. Get caught without it, and you're looking at a 2,000 challan along with possible legal trouble.
The whole point of paying a premium is to avoid a much bigger bill later. Whether it's an accident, a theft, or damage from bad weather, your insurer steps in to cover the repair or replacement cost.
Accidents happen, and sometimes your bike might be the reason someone else gets hurt or their property gets damaged. Your policy handles the financial and legal side of it so you're not left dealing with it alone.
Knowing you're covered means you can ride without that nagging worry at the back of your mind about what happens if something goes wrong.
Repair bills for bikes have gone up a fair bit over the years, especially with newer models using pricier parts and electronic components. Without insurance, even a moderate accident can mean paying several thousand rupees from your own pocket. A good policy takes that pressure off you entirely.
Third-party bike insurance is compulsory for every two-wheeler owner in the country under the Motor Vehicles Act, 1988. That said, certain riders get much more value out of a wider cover than others.
If you've just bought a new bike, go for the mandatory 5-year third-party policy or a long-term plan, along with own-damage cover, so your fresh investment stays protected from day one.
If you're regularly out on highways or covering long stretches, a comprehensive policy with roadside assistance is worth having since it covers both speed-related risks and breakdowns in remote areas.
Long hours on the road, tight deadlines, and all kinds of weather push up the risk for delivery and commercial riders, which is why comprehensive insurance makes sense for this group.
Riding through city traffic day after day means more exposure to minor bumps, dents, and the occasional accident. A comprehensive plan helps you avoid paying heavily out of pocket for repairs.
If you're still getting the hang of riding, small falls and scrapes are common. Add-ons like zero depreciation cover can help you get a fuller claim payout when accidents happen.
Bike insurance in India isn't a one-size-fits-all product. It comes in three broad categories, and knowing what each one covers helps you pick the right fit based on your budget, how often you ride, and how much risk you want covered.
This is the mandatory policy that takes care of your legal liability if your bike causes injury or damage to another person or their property in an accident.
Also known as standalone OD cover, this policy pays for repairs or replacement if your own bike gets damaged due to accident, fire, and similar events.
This is the most complete option. It combines third-party liability with own-damage protection, covering fire, theft, natural calamities, man-made disasters, and accidents, all under one policy.
Most riders, especially those with a new bike or one that's still under loan, tend to lean towards comprehensive cover simply because it offers the widest safety net. Third-party only makes sense if you're on a tight budget and riding an older bike that isn't worth much anymore. Own-damage cover is a good middle path if you already have a separate third-party policy running and just want to add protection for your own vehicle.
Whether you ride a regular petrol bike, an electric scooter, or a premium motorcycle, these coverage differences apply the same way across the board.
| Coverage Parameter | Third-Party (TP) | Own-Damage (OD) | Comprehensive |
|---|---|---|---|
| Scope of Coverage | Narrow | Narrow | Covers both TP and OD |
| Covers Third-Party Liability | Yes | No | Yes |
| Covers Damage to Your Own Bike | No | Yes | Yes |
| Personal Accident Cover | Yes | Yes | Yes |
| Add-On Covers Available | No | Yes | Yes |
| Legally Mandatory | Yes | No | No |
| NCB Discount Up to 50% | No | Yes | Yes |
Mandatory legal compliance. Covers third-party liability and personal accident protection. Excludes own vehicle damage.
Protects your bike against accidents, theft, and natural disasters. Compatible with NCB and optional add-on covers.
All-in-one policy covering third-party liabilities and own vehicle damage. Fully eligible for NCB and add-ons.
Handles the legal and financial responsibility if you injure someone or damage their property or vehicle.
Pays for repair or replacement of your bike after theft, fire, accident, or natural calamity.
Gives compensation to you or your family in case of accidental death or permanent disability.
Rewards you with up to 50% discount on your premium for every year you don't file a claim
Let you customise your cover with options like zero depreciation, roadside assistance, return-to-invoice, and engine protection.
Lets you get your bike repaired at a network garage without paying anything upfront.
Pays out compensation based on your bike's Insured Declared Value if it's stolen.
The maximum amount you can claim if your bike is stolen or declared a total loss.
The amount you pay to keep your policy active and running.
The support your insurer offers to help you file and settle claims smoothly.
If your bike accidentally injures someone or damages their property, your policy pays for it.
Repair or replacement costs are covered if your bike is damaged or destroyed in a fire.
Repair bills from road accidents are taken care of.
Damage from floods, earthquakes, cyclones, and similar events is covered.
Losses from riots, vandalism, or strikes are included.
If your bike is stolen or damaged beyond 75%, you get compensated as per your policy terms.
Engine or electrical failure not caused by an accident isn't covered.
Any damage or loss while riding under the influence is excluded.
Normal ageing of parts isn't a claimable event.
Damage caused while using the bike for unlawful activities isn't covered.
Damage occurring outside the location mentioned in your policy is excluded.
Damage that happens indirectly, and not from the accident itself, isn't paid for.
Bike insurance works as a safety net. You pay a small premium every year, and in return, your insurer steps in to cover the bigger, unexpected costs like accidents, theft, or third-party damage.
You choose your policy type, whether third-party or comprehensive, decide on add-ons, and set your bike's Insured Declared Value. The coverage you pick here decides how well you're protected later.
Your premium depends on things like your bike's model, engine capacity, age, city of registration, coverage type, add-ons chosen, and your No Claim Bonus if you have one. Once paid, your policy becomes active.
From here, your policy starts protecting you as per what you picked, whether that's basic third-party cover, own-damage protection, or add-ons like zero depreciation and roadside assistance.
If your bike gets damaged, stolen, or is part of an accident, inform your insurer right away. In case of theft, file an FIR too. A surveyor will then assess the damage and prepare a report, after which you submit your claim form and required documents.
Your insurer settles the claim either through a cashless process, where they pay the network garage directly, or through reimbursement, where you pay first and get the amount back later. The final payout depends on your deductible, depreciation, IDV, and policy terms.
Your premium isn't a random number; it's calculated based on how much risk your bike represents. Factors like the bike's make, model, engine capacity, age, city of registration, and Insured Declared Value all play a role. The type of policy you choose, whether third-party or comprehensive, along with any bike insurance add-ons and your No Claim Bonus, also affects the final amount. On top of that, IRDAI regulations and each insurer's own pricing approach come into the picture too.
It helps to think of your premium as a mix of two parts: the third-party portion, which is fixed by IRDAI and stays the same across insurers, and the own-damage portion, which each insurer prices differently based on their own risk assessment. This is exactly why comparing quotes from multiple insurers before buying makes a real difference. Two insurers can quote very different prices for the same bike with the same IDV, simply because of how they calculate their own-damage risk.
Third-party bike insurance prices are fixed by IRDAI, so they stay the same no matter which insurer you go with. For regular petrol bikes, third-party premiums start from 538 a year, while for electric bikes, they start from 457 a year. Comprehensive premiums, on the other hand, vary based on your bike's IDV, location, variant, and the coverage amount you choose.
Third-party premiums for FY 2026-27 continue as per the IRDAI schedule notified in FY 2024-25. Rates may be revised by IRDAI. Last verified: July 2026.
| Engine Capacity | 1 Year Premium | 5 Year Premium |
|---|---|---|
| Below 75cc | 538 | 2,901 |
| 75cc – 150cc | 714 | 3,851 |
| 150cc – 350cc | 1,366 | 7,365 |
| Above 350cc | 2,804 | 15,117 |
| Motor Power | 1 Year Premium | 5 Year Premium |
|---|---|---|
| Below 2 KW | 457 | 2,466 |
| 3 KW – 7 KW | 607 | 3,273 |
| 7 KW – 16 KW | 1,161 | 6,260 |
| Above 16 KW | 2,383 | 12,849 |
Speak with an authorized insurance advisor today.
You don't have to cut down on coverage just to save money. A few smart choices can lower your premium while keeping you well protected.
Every claim-free year earns you a No Claim Bonus. Apply it at renewal time to bring your premium down without losing coverage.
Older bikes usually have a lower bike insurance IDV, which naturally brings the premium lower too.
Fitting an anti-theft alarm or similar safety device can get you a discount from most insurers.
A higher CC bike costs more to insure, so it's worth thinking this through before you buy your bike.
Agreeing to pay a larger share of the claim amount yourself reduces the insurer's risk, which in turn lowers your premium.
Not every add-on suits every rider. Loading up your policy with covers you'll never actually use just pushes your premium higher for no real benefit. Pick add-ons based on how and where you actually ride.
This might sound obvious, but a lot of riders simply renew with their existing insurer out of habit rather than checking if a better deal is available elsewhere. Prices for the same coverage can differ quite a bit between insurers, so spending a few minutes comparing quotes on a platform like Okbima.com can genuinely save you money every year.
The GST Council changed the tax structure on two-wheelers starting 22 September 2025. Bikes and scooters up to 350cc now attract 18% GST, down from the earlier 28%, bringing down the on-road price for most everyday bikes and scooters. However, bikes above 350cc now attract 40% GST, up from 31% earlier (which included cess), pushing up the price of premium bikes.
Importantly, this change doesn't touch the GST on your insurance premium. Whether you're buying third-party, own-damage, or comprehensive bike insurance, the premium still carries 18% GST, same as before. Electric two-wheelers also continue to attract 5% GST on the vehicle's price, unchanged from earlier.
The recent bike insurance GST revision mainly changes what you pay while buying a new bike, not what you pay for insuring it. That said, there's an indirect link worth knowing about.
Since a new bike's IDV is based on its ex-showroom price, a lower GST on bikes up to 350cc can slightly bring down the IDV, which may lead to a marginally lower own-damage premium. On bikes above 350cc, the opposite happens; a higher GST can push up the IDV and the own-damage premium slightly. The 18% GST charged on your insurance premium, though, remains untouched either way.
| Category | Old GST | New GST | Effect |
|---|---|---|---|
| Bikes/Scooters up to 350cc | 28% | 18% | Lower on-road price; may slightly reduce IDV and OD premium |
| Bikes above 350cc | 31% (28%+3% cess) | 40% | Higher on-road price; may slightly raise IDV and OD premium |
| Electric Two-Wheelers | 5% | 5% | No change |
| Third-Party Insurance Premium | 18% | 18% | No change |
| Own-Damage/Comprehensive Premium | 18% | 18% | No change |
Your two wheeler insurance premium isn't fixed; it moves based on a mix of risk factors and choices you make. Here are the five big ones to keep in mind.
Sports bikes and premium models usually cost more to insure since they're at higher risk of theft and their parts cost more to replace.
Third-party insurance is the cheapest option because of its limited scope. Comprehensive plans cost more since they offer wider protection and let you add extra covers.
As your bike ages, its IDV drops due to depreciation, which usually brings your premium down too.
Extra covers like zero dep, engine protection, or pillion rider cover add to your base premium, but they also add real value during a claim.
Bikes registered in busy metro cities or accident-prone areas tend to have higher premiums because of heavier traffic and greater theft risk.
If you're moving cities and re-registering your bike, it's worth checking how this might affect your premium at the next renewal. A shift from a small town to a busy metro, or the other way round, can change your pricing more than most riders expect.
Compare real-time insurance quotes instantly.
Add-ons are optional extras you can attach to your own-damage or comprehensive policy to widen your protection. A basic policy only goes so far, and add-ons let you shape your cover around your actual riding habits and where you live. They're especially handy for cutting down what you pay out of pocket during a claim.
A compulsory add-on across all policy types, offering compensation of up to 15 lakh to your nominee in case of death or disability from a road accident.
Ensures you get a full claim payout without any deduction for depreciation on damaged parts.
Keep your accumulated No Claim Bonus (10% to 50%) intact even after you raise a claim.
Gets you emergency help like fuel delivery, flat tyre fixes, towing, or lost key assistance, without touching your NCB.
Pays you the full invoice or on-road price of your bike in case of theft or total loss, instead of just the depreciated IDV.
Covers engine damage from waterlogging, oil leakage, or hydrostatic lock, ideal if you live in a flood-prone area.
Reimburses the cost of items like engine oil, brake fluid, nuts, and coolant, which are usually left out of standard policies.
Compensates your co-rider for injury or death in case of an accident involving your insured bike.
If you've spent money on aftermarket accessories or modifications, like a custom exhaust, alloy wheels, or a better seat, this add-on makes sure those extras are covered too, not just the bike's original parts.
Not every add-on is necessary for every rider. The right mix depends on how, where, and how often you ride.
Zero depreciation cover to cut down on repair costs, consumables cover for regular wear items, and roadside assistance for sudden breakdowns..
Engine protection cover to guard against water damage, along with zero depreciation bike insurance cover for full claim value.
Roadside assistance for emergencies on the road, engine protection for rough terrain, and NCB protection to keep your discount safe even after a claim.
Zero depreciation cover for maximum payout, and return to invoice cover to protect your investment in case of total loss or theft.
Zero depreciation cover for costly parts, engine protection for expensive repairs, and accessories cover for any modifications you've made.
Electric bikes and scooters run on expensive components like battery packs, motors, controllers, and chargers, all of which can be costly to fix or replace. Bike insurance for electric scooters protects you against risks like accidental damage, theft, fire, natural disasters, and third-party liability. Just like petrol bikes, third-party insurance is compulsory for electric two-wheelers too, under the Motor Vehicle Act, 1988.
Specialized protection tailored for modern e-mobility components.
Electric two-wheelers come with risks that petrol bikes don't usually face:
Add-ons made specifically for EVs, like EV Shield Cover, Battery Protection Cover, Motor Protection Cover, and Charger & Accessories Cover, can significantly cut down what you'd otherwise pay out of pocket.
Electric two-wheelers are becoming a common sight on Indian roads, and with that comes a whole new set of insurance considerations that petrol bike owners never had to think about. Battery packs alone can cost a significant chunk of the bike's total price, so having the right protection in place isn't something to skip. As more insurers roll out EV-specific policies, it's worth comparing a few options to see which one actually understands the unique risks that come with owning an electric two-wheeler.
| Aspect | Electric Bike Insurance | Regular Bike Insurance |
|---|---|---|
| Main Components Covered | Battery pack, motor, controller, charger | Engine, gearbox, fuel system |
| Repair Cost | Higher due to costly electrical parts | Generally lower |
| Primary Risks Covered | Battery damage, water ingress, short circuit | Engine damage, fuel issues, mechanical breakdown |
| Premium Based On | EV model, battery capacity, IDV | Engine capacity, bike model, IDV |
| Special Add-Ons | Battery cover, charger cover, EV Shield | Engine protection, zero dep, RSA, consumables |
Picking the right insurer is about more than just the price tag. A large cashless garage network matters a lot too, especially since repair costs keep climbing and even small accidents can burn a hole in your pocket.
Here's a look at the best bike insurance companies in India available on Okbima, along with their cashless garage count and Claim Settlement Ratio (CSR).
| Insurer | Cashless Garages | Claim Settlement Ratio |
|---|---|---|
| HDFC ERGO | 13,000+ | 99.00% |
| IndusInd | 11,000+ | 99.00% |
| TATA AIG | 10,000+ | 99.00% |
| Royal Sundaram | 7,600+ | 98.60% |
| Zurich Kotak | 6,500+ | 98.13% |
| ICICI Lombard | 15,000+ | 96.70% |
| Generali Central | 6,500+ | 96.30% |
| Cholamandalam | 11,300+ | 96.00% |
| Insurer | Cashless Garages | Claim Settlement Ratio |
|---|---|---|
| United India | 3,100+ | 95.00% |
| National Insurance | 3,100+ | 93.00% |
Comparing bike insurance online is one of the smartest ways to make sure you get the right coverage at the right price. Here's a simple step-by-step process to follow:
Go to the official website of Okbima.com using your browser. Select Bike Insurance under Motor Insurance from the homepage to start the comparison process.
Enter your two wheeler's registration number and enter your mobile number to verify with OTP. Check your bike details like manufacturer name, variant, registration year, and city of registration. After entering your personal information, such as your name, mobile number, and email id, enter your previous policy details like expiry date of your previous policy and your previous insurer. Now confirm your claim status of the previous policy to get a discount for no claim bonus bike insurance and to check bike insurance quotes online.
Here, you can compare online two wheeler insurance offered by various insurers based on premium rates, features, coverage, add-ons, availability, IDV, claim settlement ratio, etc.
Verify your KYC with a few details, validate owner details and enter nominee details, then put your bike details like chassis number, engine number etc. Now you can check and confirm your previous policy details. Lastly, review your complete details and make the payment, and get the policy instantly via email or you can download the policy manually.
Note: If you have a new two wheeler, then enter the vehicle details manually.
Motor protection laws in India exist to shield you from expenses linked to third-party or own-damage situations. So getting your bike properly covered isn't just a formality, it's genuinely worth doing right. Here's what buying through Okbima gets you:
See multiple two wheeler insurance plans from different insurers in one place, compared on coverage, premium, and add-ons, so you can choose what actually fits your needs and budget.
From picking your plan to paying and getting your policy copy, the whole process happens online. Your policy lands in your inbox instantly.
Every plan listed is from an IRDAI-approved insurer, so your transaction stays secure and trustworthy from start to finish.
Our customer support team is available anytime you need help, whether you're buying, renewing, or filing a claim.
Instead of restricting you to one or two providers, Okbima brings together plans from most of the leading insurers in the country, both private and public, so you actually have real options to choose from rather than settling for whatever's offered first.
At the end of the day, buying insurance shouldn't feel complicated or time-consuming. That's the whole idea behind Okbima: giving you a simple, honest way to protect your bike without the usual runaround that insurance buying is known for.
Letting your bike insurance lapse isn't worth the risk. Here's why staying on top of your renewal date really matters:
Under the Motor Vehicles Act, at least third-party insurance is mandatory. Riding with an expired policy can land you a 2,000 challan along with other legal trouble.
A lapsed policy leaves your bike unprotected against accidents, theft, or third-party claims until you renew it. Renewing on time avoids this gap entirely.
Renewing on time protects your accumulated NCB, which brings down your premium significantly. Delay it, and you risk losing this discount altogether.
If your policy lapses, insurers often ask for a physical inspection before bike insurance renewal, which can slow things down and sometimes even push your premium higher.
As per IRDAI norms, insurers need to verify your KYC before they can issue or renew your policy. Keep these documents ready for a smooth online process:
If your bike is damaged, stolen, or meets with an accident, you can raise a claim against your policy. Keep in mind that a third-party policy only settles claims for damage caused to others, while own-damage and comprehensive policies also cover damage to your own bike.
At Okbima, you have two ways to raise a claim: cashless and reimbursement.
Your cashless bike insurance claim amount gets settled directly with the network garage handling the repairs, so you don't pay upfront.
If you get your bike repaired at a garage outside the insurer's network, you pay first and then claim the amount back.
Inform your insurer as soon as the incident happens. If your bike is stolen, file an FIR at the nearest police station.
A surveyor will inspect the damage and prepare an assessment report.
Download, fill out, and submit your claim form online.
Submit all bike insurance documents required by your insurer along with the form.
The insurer reviews your documents and assessment report before approving the repair.
For cashless claims, take your bike to a network garage for repair.
The insurer pays the garage directly. You only pay the deductible or any non-covered expenses.
For reimbursement claims, get the repairs done at any garage, pay the bill, and the amount gets credited back to your bank account later from the insurer.
Keeping these documents ready in advance makes the whole bike insurance claim process a lot smoother. Most delays in claim settlement happen simply because riders scramble to gather documents after the incident instead of having them ready beforehand. A little preparation goes a long way in making sure your claim gets processed quickly, without back and forth with your insurer.
It also helps to keep photos of the damage taken right after the incident, along with any witness details if the accident involved a third party. These small steps can make the surveyor's assessment faster and reduce the chances of your claim getting delayed or disputed later on.
Everything you need to know about two wheeler insurance.
See what our customers have to say about their bike insurance experience with Okbima.
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