Bike Insurance in Surat

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Bike Insurance in Surat

Bike insurance in Surat is an important safety precaution for riders and their two-wheelers. Surat, an energetic city noted for its lively culture and crowded streets, has a particularly high demand for bike insurance as it offers financial protection against unforeseen occurrences, such as accidents, theft, or vehicle damage.

Surat's congested roads and unpredictable traffic conditions may increase the chance of an accident, making insurance coverage crucial for riders.

Beyond legal requirements, bike insurance provides riders with peace of mind by assuring that they are secure financially in the event of an accident on the city's busiest roads.

Find out more about bike insurance in Surat in this blog.

All About Bike Insurance in Surat and Why You Need One

Bike insurance in Surat is a crucial aspect of responsible vehicle ownership. It offers financial security against unforeseen circumstances like accidents, theft, or third-party liabilities. With the busy streets of Surat, the risk of accidents is ever-present, making it imperative to have a comprehensive insurance policy in place.

Moreover, in the era of environmental consciousness, the rise of electric vehicles (EVs), including electric bikes and two-wheelers, is noteworthy. Ensuring these eco-friendly vehicles with suitable insurance coverage is equally important.

Just like traditional bikes, EVs are susceptible to accidents and theft, necessitating the need for insurance. By insuring your EV bike or two-wheeler, you not only protect your investment but also contribute to a sustainable future.

Problems Faced by Bike Owners in Surat

Some of the problems faced by Surat bike owners include:

  • Bike owners often encounter reckless driving behaviours such as speeding, lane cutting, and ignoring traffic signals, increasing the likelihood of accidents and injuries.

  • Blind areas on the road pose risks for bike riders and may lead to accidents.

  • During monsoon season, heavy rainfall and waterlogging can make it difficult for bike owners to navigate through flooded streets, risking damage to their vehicles.

  • The lack of specific lanes for two-wheelers leads to collisions with other vehicles and pedestrians.

Tata AIG Bike Insurance in Surat

Tata AIG provides 3 types of bike insurance plans, each of which has its potential features. Here are the listed ones: Tata AIG Third-Party Bike Insurance Third-party bike insurance is an insurance plan that protects against third-party damage and loss caused by an insured bike. It is a required coverage under the law. Third-party insurance is beneficial because it offers legal and monetary safeguards against third-party liabilities.

Inclusion  Exclusion
You receive personal accident coverage up to ₹15 lakhs in addition to third-party coverage under a third-party insurance policy. This pays for any hospital stays or bills resulting from injuries sustained in an accident.  If you drive drunk or under any kind of drugs, any resulting collision involving your bike is not covered by third-party insurance coverage.
If your bike causes an accident that injures someone else, your third-party insurance policy will pay the resulting expenses. This includes expenses incurred as a result of the third-party person's hospitalisation. Third-party bike insurance coverage does not cover damages to your own vehicle.
A third-party insurance coverage covers any damages made to third-party property as a result of an accident that involves your bike. This covers the damage caused to the third party's vehicle. Third-party insurance plans do not cover any accidents occurring when driving without a valid driving licence.

Tata AIG Standalone Own Damage Cover Bike Insurance Standalone Own Damage Cover Bike Insurance offers comprehensive protection for your two-wheeler against various risks. It provides financial assistance for repairs or replacements of parts, ensuring peace of mind while on the road.

Inclusion  Exclusion
You can obtain financial coverage for accidental damage to your two-wheeler, allowing you to repair or replace the parts without incurring significant financial loss. The plan does not cover third-party liabilities such as injuries/deaths or property damage.
The OD policy would also pay for damages caused by man-made disasters like vandalism, rioting, terror attacks, and strikes. The damage insurance for bikes does not cover damage to the bike that occurs while riding it when intoxicated by alcohol or other substances.
If your two-wheeler is damaged beyond repair, Own-Damage Insurance will compensate you for the loss in accordance with the insurer's terms and conditions. Damages or losses to your two-wheeler that exceed the scope of the own damage policy's terms and conditions will not be covered.

Tata AIG Comprehensive Bike Insurance Comprehensive Bike Insurance provides extensive coverage for your two-wheeler, encompassing both third-party liability and own damage protection. It covers third-party liabilities, including bodily injuries and property damage, incurred during accidents involving your bike.

Inclusion  Exclusion
If your bike is stolen or suffers significant and irreparable damage in an accident, it is deemed a total loss event, allowing you to claim the 'Insured Declared Value' of the bike as specified in your bike insurance policy. If the bike has been utilised and damaged outside the geographical area of the insurance, i.e. outside India 
By opting for a comprehensive bike insurance policy, you can protect it from natural catastrophes such as earthquakes, floods, and cyclones. Damage to the bike during speed racing, adventure sports, and other activities.  Damage to the bike during speed racing, adventure sports, and other activities. 
You can financially protect your bike against any damages caused by a third-party property or person in an accident involving your bike. The third-party liability provision covers the death of the affected third party, as well as the legal and financial liabilities that come with it. Lack of an add-on function that addresses a specific damage 

Best Bike Insurance in Surat: Third-Party Vs Standalone Own Damage vs Comprehensive Bike Insurance

Parameters Third-Party Bike Insurance Standalone Own Damage Insurance Comprehensive Bike Insurance
Coverage Provides coverage only for damage to third-party property, injury or death of third parties. Covers only damages to your own vehicle due to accidents, theft, fire, natural calamities, etc. Offers coverage for both third-party liabilities and damages to your own vehicle.
Third-party Damage This insurance provides financial and legal help for any third-party responsibilities. Not applicable as it doesn't cover third-party liabilities. Third-party liability for the insured bike is covered.
Own damage cover limits Not applicable as it only covers third-party liabilities. As per the policy terms and conditions. Included as a part of the comprehensive coverage.
Add-ons available Third-party insurance does not have any add-ons.  Add-ons like zero depreciation, roadside assistance, etc., are available. A wide range of add-ons are available for enhanced protection.
Recommended for Budget-conscious individuals looking for basic legal compliance. Owners who want to cover damages to their own vehicle. Recommended for those seeking extensive coverage, including both third-party liabilities and own vehicle damages.

What is the Two-Wheeler Insurance Rate in Surat?

There are several factors that influence the cost of bike insurance coverage; these include:

Insured declared value (IDV): The IDV of the bike is one of the most significant factors influencing insurance premiums. IDV means, in bike insurance, the maximum amount that an insurance provider will ensure to pay you in the event of theft or total damage to the insured vehicle. In general, higher IDV equals higher premiums.

Location: The geographic location where the bike is mainly used and parked also influences insurance premiums. Areas prone to theft, accidents, or natural disasters may have higher premiums than comparatively safer areas.

Add-ons: Additional coverage options or add-ons also contribute to the overall premium amount. Add-on options like zero depreciation cover, roadside assistance, and personal accident cover enhance the policy coverage but also increase the premium.

Claim history: The claim history of the policyholder plays an important part in determining insurance rates. Policyholders with a history of making frequent claims may be targeted as higher risk and may face higher premiums.

Third-Party Bike Insurance Premium Rates

Third-party bike insurance premium rates are declared by IRDAI, also known as the Insurance Regulatory and Development Authority of India (IRDAI). It takes various factors into account, including the cubic capacity of the bike's engine, the geographical zone where the vehicle is registered, and the age of the bike.

The IRDAI periodically reviews and revises these rates to make sure they align with market conditions and risk assessments. It's essential to note that these rates indirectly influence the premium rates of comprehensive insurance plans as well.

Since comprehensive plans include coverage for both third-party liabilities and damages to the insured bike, any adjustments in third-party rates can impact the overall pricing of comprehensive policies.

How to Choose the Best Bike Insurance In Surat?

Coverage options: Ensure to understand the coverage options available under the policy. It typically includes third-party liability coverage, which is mandatory by law, and comprehensive coverage, which covers damage to your bike as well as third-party liability. Check if the policy offers additional coverage options like personal accident cover, consumables cover, roadside assistance cover, etc..

Claim settlement ratio: Research the claim settlement ratio of the insurance company. A higher claim settlement ratio indicates the insurer's reliability in settling claims. It reflects the percentage of claims the company has settled against the total number of claims received.

Network garages: See if the insurance company has tie-ups with a network of garages in Surat. Network garages offer cashless claim settlement, where you don't have to pay for repairs upfront. Instead, the insurer settles the bill directly with the garage.

Add-on covers: Evaluate the add-on covers available with the policy. Add-ons enhance the coverage of your policy by offering additional protection for specific risks. Examples include zero depreciation cover, engine protection cover, and key replacement cover.

Why Should You Choose Online Two-Wheeler Insurance In Surat?

Time-saving: Online bike insurance plans save you time by eliminating the need for in-person visits to insurance providers. Individuals can acquire or renew their bike insurance coverage online in minutes, freeing up time for more important tasks or leisure activities.

Accessible anytime, anywhere: Individuals can access insurance websites or mobile apps whenever it is convenient for them. This accessibility means that bike owners can manage their insurance needs whenever and wherever they want, without regard for office hours or location.

Customisation option: Online platforms often provide bike owners with a variety of customisation options for their insurance policies. Whether it's selecting the desired coverage levels or opting for add-on benefits, online platforms allow you to tailor your insurance plans according to their specific requirements.

Efficient claim process: Online bike insurance plans provide a streamlined claims process, allowing customers to file claims online and track their status in real-time. This eliminates the need for lengthy paperwork and reduces the time taken to settle claims, ensuring prompt reimbursement and minimising disruptions to the bike owner's routine.

Key Features and Benefits of Tata AIG’s Bike Insurance in Surat

Key Features and Benefits Details
Cashless claim settlement Offers cashless claim settlement at network garages, reducing the financial burden on the policyholder during emergencies. Ensures hassle-free repairs without upfront payments.
Comprehensive coverage Tata AIG's bike insurance policies cover a wide range of risks, including accidents, theft, natural disasters such as floods and earthquakes, and third-party liability resulting from property damage or bodily injury.
Option add-on cover Policyholders are able to enhance their coverage with a variety of add-on choices, including zero depreciation coverage, roadside assistance for emergencies, and personal injury coverage for more protection during unforeseen situations.
Cashless repair network Extends cashless repair services across a network of 4000 authorised garages nationwide, making it convenient for policyholders to avail repairs anywhere in the country.
Customisable policies Allows customisation of insurance policies to suit specific needs and budget preferences, ensuring comprehensive coverage tailored to individual requirements.

Best Bike Insurance Add-Ons to Get in Surat

Zero depreciation cover: Ensures full claim without considering depreciation on parts during repairs/replacement.

Roadside assistance: Offers financial protection in any event of accidental death or so to the insured rider.

Engine Protect Cover: Safeguards against damages to the bike's engine due to water ingression or lubricant leakage.

Return to Invoice: The invoice guarantees refund of the bike's invoice value in any case of total loss or theft.

NCB Protection: Protects the No Claim Bonus (NCB) earned by the insured even after making a claim.

How to Buy and Apply for Bike Insurance Renewals in Surat?

Tata AIG allows you to quickly acquire and renew bike plans in Surat in just a few steps online:

How to Buy New Bike Insurance

Step 1: Go to the "Bike Insurance" page on the official Tata AIG website.

Step 2: Enter the information about your bike registration and click "Get Price" to read the details of the policy.

Step 3: The cost of your coverage will be displayed by the online bike insurance calculator.

Step 4: From the list of possibilities, choose the right Insured Declared Value (IDV) for your bike.

Step 5: Examine the information about the bike insurance premium that is shown.

Step 6: Use your selected payment method to finish the payment procedure.

Step 7: You will receive soft copies of your insurance paperwork by email as soon as your payment is approved.

How to Renew Bike Insurance

Step 1: Go to the "Bike Insurance" page on the official Tata AIG website.

Step 2: To continue with the policy renewal, enter the information related to your bike's registration and click "Renew".

Step 3: The price of your policy will be generated using the online calculator.

Step 4: Based on your needs, select the appropriate Insured Declared Value (IDV).

Step 5: Examine the prior year's No Claim Bonus (NCB) amount.

Step 6: Verify the amount of the bike insurance premium that is shown.

Step 7: Pay for your bike insurance renewal by choosing your favourite payment option.

Step 8: Soft copies of your updated insurance documentation will be sent to you after your payment has been approved.

How to File a Claim for Two-Wheeler Insurance in Surat with Tata AIG?

Reimbursement Bike Insurance Claims

Step 1: You need to visit the Claims Process page or get in touch with a Tata AIG insurance executive as soon as possible following the theft or accident.

Step 2: Give the executive the specifics of your insurance, bike, and incident. Alternatively, complete the necessary information online by visiting the "Claims Process" page.

Step 3: Choose to have the executive evaluate the damages on your bike or to self-inspect it. After that, send your bike to the garage of your choice for repairs.

Step 4: After your bike has been fixed, file a refund claim by submitting the repair invoices, insurance records, and registration certificates.

Step 5: Tata AIG will issue the claim amounts after confirming all documentation.

Cashless Bike Insurance Claims

Step 1: After an accident or theft, get in touch with a Tata AIG insurance executive right away.

Step 2: Within 48 hours after the occurrence, file a claim by supplying information about the policy, the vehicle's registration, and the accident.

Step 3: The insurance representative will assess the extent of your bike damage.

Step 4: Your bike will be transported to the network garage for repairs after the survey is completed. After it's done, Tata AIG will resolve the claim and pay for any costs associated with the insured bike.

Documents Needed for Bike Insurance Policy Claims in Surat

Completed claim form

Original policy document

Driving licence

Original receipt or bill related to the claim

Self-attested copy of vehicle registration certificate

Original cashless claim settlement invoice

Tata AIG Cashless Garages in Surat

Tata AIG Cashless Garages in Surat offer a seamless and convenient solution for vehicle owners in need of repairs. These garages are part of Tata AIG's extensive network of professional service centres strategically located across Surat and its surrounding areas. They specialise in proficient car handling and extensive damage restoration, providing high-quality service.

The garage locator tool can help you discover the nearest network garage in Surat. Simply fill in your city and vehicle information. However, it is vital to note that cashless repairs are only available with comprehensive two-wheeler insurance plans.

For additional assistance and specific information on bike insurance renewal or any other related queries, you may contact Tata AIG's customer care. Our team is available to provide detailed information on network garage availability and service coverage in Surat.

Disclaimer / TnC

Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.

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How can I find bike insurance near me?

How can I find bike insurance near me?


To locate bike insurance near you, use online comparison tools and browse insurance companies' websites to see what coverage options are available in your region. You can also contact bike dealerships or get recommendations from other riders in your community.

Can I add additional coverage to my bike insurance policy in Surat?


Yes, you can enhance your bike insurance coverage in Surat by opting for add-on covers or riders. These additional coverages can include zero depreciation cover, roadside assistance, personal accident cover for passengers, engine protection cover, and accessories cover, among others.