Best Bike Insurance in India
Bike insurance is mandatory in India but most riders only buy the cheapest third-party cover. Comprehensive cover with zero depreciation typically costs Rs 1,500-2,500/year for a 150cc bike — affordable insurance for the value it provides. Here are the best plans.
Side-by-side comparison
| Insurer | Comprehensive premium (150cc, IDV Rs 60K, age 25 driver) | Claim settlement (FY24) | Cashless garages | Zero dep available | Best for |
|---|---|---|---|---|---|
| Acko Two Wheeler | Rs 1,400/year | 95% | 3,000+ | Yes (slight premium up) | Lowest premium |
| Digit Two Wheeler | Rs 1,500/year | 94% | 4,500+ | Yes | Digital claim experience |
| HDFC ERGO Two Wheeler | Rs 1,800/year | 99.7% | 7,000+ | Yes | Highest claim ratio |
| Bajaj Allianz Two Wheeler Plus | Rs 1,750/year | 98% | 5,500+ | Yes | Strong garage network |
| ICICI Lombard Two Wheeler | Rs 1,850/year | 95% | 5,200+ | Yes | Comprehensive add-ons |
| Tata AIG Two Wheeler | Rs 1,650/year | 97% | 4,100+ | Yes | Tata loyalty |
The verdict
Frequently asked questions
Is bike insurance mandatory in India?
Third-party bike insurance is mandatory by law (Motor Vehicles Act 1988). Riding without it can result in Rs 2,000 fine for first offence + Rs 4,000 + 3-month jail for repeat offence. Comprehensive cover is optional but strongly recommended for any bike worth over Rs 50,000.
How much does bike insurance cost in India?
Third-party only: Rs 700-1,500/year depending on engine cc. Comprehensive (own damage + third party): Rs 1,500-3,500/year for typical commuter bikes (Hero Splendor to Bajaj Pulsar). Premium bikes (RE Classic, KTM RC) cost Rs 3,500-7,000/year for full cover.
Can I renew bike insurance online?
Yes — all major insurers offer online renewal in 5-10 minutes. Policybazaar, InsuranceDekho, and Coverfox aggregators let you compare 10+ insurers in one place. Online renewal is typically 10-15% cheaper than agent-renewed policies.
What does zero depreciation cover for bikes?
Zero depreciation pays full part-replacement cost without deducting depreciation. For bike plastic parts (fairing, tank cover), depreciation otherwise reduces payout by 50%. A Rs 8,000 fairing replacement becomes Rs 4,000 covered without zero dep. Worth the Rs 200-500/year extra premium.
Is bike insurance valid for delivery / commercial use?
No — personal bike insurance is invalid if used for commercial delivery (Swiggy, Zomato, Dunzo). You need commercial vehicle insurance, which costs 30-50% more. Using personal insurance for commercial purposes leads to claim rejection. If you do delivery work, declare it and buy commercial cover.