Bike Insurance in Thane

• In 2021, a total of 26,598 road traffic accidents were reported to the National Crime Record Bureau (NCRB), against 22,211 RTAs reported in 2020, as per a study.
• Maharashtra recorded 15,224 fatalities from road accidents, a 13% increase from the previous year, according to the Maharashtra Road Crash Report 2022. Two-wheelers and three-wheelers accounted for 54% of all fatalities and 49% of non-fatal injuries.
• For two-wheelers, riders and passengers who did not wear clasped helmets accounted for 68% of all fatalities according to the road crash study. Overspeeding caused the majority of all fatal crashes.
• The transport government has identified 21 accident-prone black spots in Thane city, including Kharigaon Bridge, Ranjoli Naka, Reti Bandar, Brhamand Singal and Ordnance Factory. The expressway between Amravati and Thane is also a black spot.
• Narrow roads, potholes, cracked roads, and ongoing infrastructure projects are some of the primary contributing factors to road traffic accidents. A lack of road safety measures, such as speed limits, warning signs, lane markings and speed breakers, also contributes to road accidents.

Third-Party Liability Protection

Certain bike insurance plans, including third-party and comprehensive plans, cover legal and financial liabilities from causing accidents with your bike. Since such third-party liabilities and resulting court cases can result in substantial financial losses, having third-party coverage is necessary for any two-wheeler owner.

Legal Requirement

The Motor Vehicles Act, 1988, makes it mandatory for every motor vehicle, including two-wheelers, to have third-party liability coverage. This means that without at least a valid third-party plan for your motorbike, you cannot drive in any public place in India, or you will face penalties, including fines and imprisonment.

Protection Against Damages

Thane bike insurance plans that offer own damage coverage provide financial protection for damage to your bike. These plans pay for repair costs as well as the complete replacement of the vehicle due to accidental damage, fire incidents, theft, floods, earthquakes, cyclones, riots, vandalism, terrorist acts and other hazards.

Safeguard Against Theft

With cases of bike thefts on the rise across Maharashtra, bike owners in Thane need to financially safeguard their mode of transportation. Depending on the cost of your bike, a replacement can cost between tens of thousands and lakhs of Rupees. A bike insurance plan compensates for the full cost of a new two-wheeler.

Third-Party Bike Insurance

Third-party bike insurance covers only liabilities for the vehicle owner due to causing injury or damage to third-party life or property. TATA AIG offers standalone third-party plans with long-term and short-term options and bundled plans. These are our most affordable plans with benefits like legal liability coverage, quick claim settlements and personal accident cover.

Own Damage Bike Insurance

Own damage (OD) bike insurance covers damage and loss to the insured two-wheeler. TATA AIG’s Standalone OD bike insurance covers a variety of risks, including accidents, fire, explosion, natural calamities and malicious manmade acts, at competitive prices. The benefits include quick online claims, several add-on covers, and an extensive cashless garage network.

Comprehensive Bike Insurance

A comprehensive bike insurance plan is a package policy that includes both third-party liability cover and own damage cover. TATA AIG’s Comprehensive Bike Insurance covers theft, accident, disasters, transit damage and personal accident cover with a single premium. It’s a customisable plan with 12 add-ons, attractive premium discounts and an extensive cashless garage network.

Thane Bike Insurance Inclusions

• Accidents: The bike insurance plan covers damage or loss due to accidents by external means.
• Fire: Damage from fire-related incidents, explosions, self-ignition and lightning
• Natural Calamities: Includes cyclones, floods, earthquakes, landslides, snowfalls, and other natural events.
• Manmade Disasters: Includes damage from riots, strikes, vandalism, burglary, terrorist attacks, and malicious acts.
• Theft: Reimbursement up to the bike’s market value if it gets stolen.
• Personal Accident Cover: Provides a fixed reimbursement up to ₹15 lakhs for accident-related injuries and the death of the owner-driver.
• Third Party Liability: Covers liability of the vehicle owner from bodily injuries, death and property damage to third parties.
• Transit Damage: Damage while the bike is in transit via road, rail, waterways and air.

Thane Bike Insurance Exclusions

• Driving Under Influence: Damage while riding the insured bike under alcohol, narcotics and other intoxicants
• Negligence: Riding under restricted conditions, such as driving in flood-prone areas.
• Reckless Activities: Damage when the insured bike is used for racing, speed tests and reliability trials.
• Commercial Usage: Using a privately owned bike for commercial purposes.

1. Roadside Assistance: The Roadside Assistance Add-On covers immediate breakdown assistance for your bike at the desired location. It covers breakdown repairs, towing assistance, fuel delivery, accident support, emergency transport, and more.

2. Return to Invoice: The Return to Invoice Add-On assists in covering the invoice cost of your bike due to theft, total damage or total constructive damage. It covers additional costs, such as road tax and registration fees.

3. Emergency Medical Expenses: This add-on covers the cost of emergency medical treatment and ambulance charges at a hospital or nursing home. It covers both the owner-driver and the pillion rider.

4. Depreciation Allowance: Bumper-to-Bumper or Zero Depreciation Cover helps you get the full claim amount without any deduction due to depreciation for bike parts used during repairs. It covers the first two claims within the policy period.

5. Consumables Expenses: The Consumables Cover reimburses the cost of replacing, repairing or replenishing consumables, such as nuts, bolts, washers, distilled water, engine oil, gearbox oil, oil filters, etc.

6. Engine Secure: The Engine Secure Add-On covers repair costs of engine parts, gearbox and transmission due to water or lubricant entering the engine. It also covers the cost of lubricants and consumables, such as engine oil and gearbox oil.

7. Additional Personal Accident Cover to Owner Driver: The Additional Personal Accident Cover pays an amount over and above the standard sum insured of bike insurance plans. It covers serious injuries and the death of the bike’s owner-driver.

8. Additional Third-Party Property Damage: This add-on covers damage caused solely and directly by the insured two-wheeler to third-party property. It provides additional coverage over the standard limits of third-party and comprehensive plans.

9. Tyre and Rim Secure: The Tyre and Rim Secure Add-On reimburses the cost of repairing and replacing tyres and rims from accidental loss or standalone damage. It also includes labour/service charges.

10. Electric Surge Secure: This add-on covers the cost of partial or total loss to EV bikes and scooters, including battery and charging equipment damaged due to electrical issues like arcing, short-circuiting or water damage.

Disclaimer: This is not an exhaustive list of add-on covers. Please check the Policy Wording document for the complete list and limitations.

• Easy Online Comparisons: When you buy bike insurance from TATA AIG, you can compare plans on our website and view the benefits, features and costs to choose the right policy. You can easily compare two-wheeler plans using our online comparison tool.
• Customisable Coverage: You can choose different policy types, coverage limits, and tenure based on the insurance needs for your two-wheeler. If you need extra or specialised coverage, we offer several add-on covers, such as Return to Invoice, Roadside Assistance, Engine Secure, and more.
• Quick Online Verification: At TATA AIG, we ensure quick and hassle-free verification for purchases, renewals, and claim settlement. When you enter some basic details, such as your bike registration number, we fetch all vehicle information and verify your application and documents within a few minutes.
• Paperless Plans: Everything from purchases and filing claims to policy management can be done digitally without the need for physical documents. When you buy online bike insurance in Thane from us, we immediately provide soft copies of policy documents directly to your email.
• Easy Cashless Repairs: One of the major benefits of a bike insurance policy is that you can repair your motorcycle or scooter at a network garage without having to pay upfront. With an extensive network of 5300+ cashless garages across India and several of them in Thane, you can access a garage near you from anywhere.

Step 1: Scroll to the top and enter your bike registration number in our premium quote tool. Then, click on ‘Get Price’.

Step 2: On the next screen, enter your personal and bike-related details as required. Modify the coverage amount and include add-ons as per your requirement.

Step 3: Check bike insurance premium quotes based on your inputs. If you want to proceed, make the online payment to purchase a bike insurance plan.

• Ensures Continued Coverage: By insuring your bike on time, you get continued own damage and third-party coverage that keeps your finances protected without gaps.
• Compliance with the Law: A timely renewal of your third-party coverage makes you a law-abiding citizen and avoids penalties like fines, vehicle seizure and imprisonment.
• Retains Your Benefits: When you renew bike insurance online in Thane within 90 days of the expiry date, you retain your long-term benefits. This includes the No Claim Bonus and other discounts.
• Opportunity to Modify Coverage: During renewal, you get an opportunity to modify your bike insurance coverage. You can change the coverage limit and include add-ons as per your current needs.

Step 1: Scroll to the top and find the ‘Renewal’ menu. Then, click on the ‘Bike’ option.

Step 2: Provide the required details, including personal and bike-related information, previous policy details and previous claims made (if any).

Step 3: Choose your two-wheeler’s Insured Declared Value (IDV) and No Claim Bonus (NCB) retained from the previous policy. Then, include add-ons as required.

Step 4: Check the renewal price for bike insurance online in Thane. If you accept it, make the online payment to renew your bike insurance policy with TATA AIG.

Step 1: File a bike insurance claim on TATA AIG’s Claims Support Page or call us on 022-6489-8282 and provide the relevant information as prompted.

Step 2: Once we send you a self-inspection link to your registered mobile number, open it and fill out the details of your two-wheeler damage. We may also dispatch our surveyor to physically inspect your vehicle.

Step 3: For a cashless claim, take your two-wheeler to the nearest network garage in Thane. If you can’t find a network garage nearby, pay for the repairs at a non-network garage and file a reimbursement claim.

Step 4: Gather all the required documents, including policy papers, vehicle-related documents, repair bills, and payment receipts. Submit these documents to file your claim.

Step 5: Once we have completed the verification, we will either directly settle your bills with the garage (cashless claims) or reimburse you the repair amount (reimbursement claim).

• Duly filled and signed claim form
• Bike registration certificate
• Receipt for tax payment for the bike
• Your identity proof (PAN, driving licence, Aadhaar, etc.)
• Bike insurance policy documents
• Original repair estimate and invoices
• Garage repair bills for non-network garages
• FIR for theft and third-party claims
• No Trace Report from the police and a letter to RTO for theft
• Legal notice for third-party claims
• Hospital/medical bills for personal accident claims

Two-wheeler insurance price in Thane primarily depends on the type of insurance plan chosen. Third-party liability premium rates are determined by the IRDAI (Insurance Regulatory and Development Authority of India), and these are fixed for all insurance companies. For own damage coverage, the premium rate depends on many factors, including the bike’s IDV, age, region of registration, insurance discounts, add-ons, etc.

To get estimates on the premium rate for your chosen terms, you can use our bike insurance premium calculator. Simply enter your bike registration number and policy details (type, IDV, add-ons, etc.) to get accurate results.

• Age of the Two-Wheeler: As your bike ages, its market value decreases, lowering the insurance premium as well. However, premium rates reduce nominally after a point as the repair cost increases.
• Insured Declared Value: A bike’s Insured Declared Value (IDV) is the maximum price that an insurance company will cover based on the vehicle’s current market value. A higher IDV gives more coverage but results in a higher premium.
• Engine Capacity: A higher engine capacity (measured in cubic centimetres) attracts higher costs. The third-party two-wheeler insurance price in Thane is based on the bike’s engine capacity.
• Claims History: Having a history of frequently filing claims in previous years increases the premium, as insurers see you as a high-risk policyholder. On the other hand, having claim-free years lowers your costs.
• Miscellaneous Factors: This may include the bike’s make and model, location of registration, driving record of the owner-driver, etc.

• Get Long-Term Plans: Thane bike insurance plans come in 1, 3 or 5-year tenures. Choosing multi-year packages lowers your annual premium costs as insurers offer discounts on long-term plans.
• Avoid Filing Minor Claims: Filing minor claims makes you a high-risk vehicle owner and depletes your No Claim Bonus and other accumulated benefits. Avoiding them saves you more money in the long run.
• Do Your Due Diligence: Before you purchase a new policy, take your time in finding the best bike insurance in Thane based on coverage, features, costs, and bonuses offered. Try to find a better deal for your money instead of focusing on first-time costs.
• Opt for the Right Deductible: You can opt for a voluntary deductible with your bike insurance plan to get a lower initial policy premium. However, while a higher deductible lowers your premium, it increases your out-of-pocket costs during claims.
• Install Safety Features: Installing safety devices like anti-theft alarms and bike immobilisers lets you avail of lower premium rates. However, these devices must be approved by the Automobile Research Association of India (ARAI).

• Understand the Policy Types: Understand the features and limitations of each type of bike insurance in Thane. Pick the right type based on your insurance needs and budget.
• Find Good Add-Ons: Bike insurance plans may offer different add-on covers that provide engine protection, increase coverage limits or provide services like roadside assistance. Choose your add-ons wisely while buying a policy.
• Check the NCB Benefits: Check the minimum and maximum No Claim Bonus limits and assess how much you can save by staying claim-free for a long time.
• Policy Inclusions and Exclusions: Before you buy bike insurance, make sure to go through the fine print to know the policy inclusions and exclusions and their terms and conditions.
• Review the Claims Process and Support: The best bike insurance in Thane should have a reliable record of settling valid claims and flawless customer support. For this, you can check the insurer’s Claim Settlement Ratio, customer reviews and testimonials.

Step 1: Scroll up and click on ‘My Policy’ on the top right.

Step 2: Sign in using your registered mobile number, email ID or policy number.

Step 3: Go to the ‘Policy Download’ section and enter either your bike registration number or existing policy number.

Step 4: Click on the ‘Download Policy’ button or choose to receive the policy document via email or WhatsApp.

One of the most prominent features of a bike insurance plan is the cashless claim facility. Under this, you can get repairs at any network garage of the insurance company without paying any cash.

To get a cashless settlement with TATA AIG, you need to file a cashless claim online via our website and take your bike to the nearest network garage. You can find the details of network garages in Thane and nearby cities on our website.