BMW Bike Insurance
BMW Bike Insurance
For nearly a century, the word BMW has been associated with high-end cars because the elite luxury brand is renowned for building vehicles that are the perfect combination of style and comfort. On the other hand, BMW has also been making motorcycles since the 1920s and has managed to carry over its brand image where bikes are concerned. There are numerous of BMW's renowned and iconic models available on the Indian bike market, where it has been active since 2018.
However, like with all bikes, having insurance for 2-wheelers for your BMW bike is also mandatory. A bike insurance policy is one of the main documents you must have when driving your bike, alongside a licence and registration. If you are found driving your bike without any of the documents mentioned above, you can face a lot of trouble. If a person is found driving their bike without insurance for 2-wheelers, they would have to pay a fine of ₹2000 on the first, ₹4000 on the second, and so on. If the rider is flagged as a serial bike insurance policy offender, they could stand to lose their licence and even go to jail. So when you buy your BMW bike, do not forget your BMW motorcycle insurance.
To seek the right BMW bike insurance, you should consider Tata AIG’s two-wheeler insurance. Our plans are comprehensive, cost-efficient and customisable. We have several plans you can choose from and a variety of add-ons to help you get the best insurance for 2-wheelers for yourself. Since there are various plans to choose from, we always suggest you compare two-wheeler insurance and buy the best choice for you.
With that said, let us look at how to buy a BMW motorcycle insurance, get a BMW bike insurance renewal and what the BMW bike insurance price will be.
BMW Bike Insurance Renewal/Buy BMW Bike Insurance Online via Tata AIG
As we have already established, everyone who drives a bike is required to have insurance for 2-wheelers. However, many people do not have the time to spend long hours in an office trying to buy or renew an insurance policy. What people are looking for in this day and age is quick and efficient. They want a bike insurance policy they can buy and track from home. And with Tata AIG’s BMW bike insurance online, you now have the chance to do just that. You can go to our website and opt for purchase and renewal with a few simple clicks. All you need to do is follow the instructions on your computer screen, and you should have your insurance in no time. As for paperwork, you do not need to worry about that also. Tata AIG’s purchase and renewal processes do not ask for many documents. And through this process, you also see your BMW bike insurance cost, making that decision easier.
The BMW bike insurance online purchase and BMW bike insurance renewal process comprise the following steps.
- To begin with, you need to find the bike insurance section of our website.
- When you have found and clicked on it, you will be redirected to a page where you need to fill in the important details pertaining to yourself and your bike.
- After filling this in, click on ‘Get Price’. This will show you the BMW bike insurance price. However, if you are interested in BMW bike insurance renewal, click on ‘Renew’.
- The next step is choosing the right IDV or Insured Declared Value for your bike. This is the present market value of your bike and must be chosen very carefully as it plays an important part in your final BMW bike insurance cost.
- After this, you need to declare your claim history. If you have never made a claim, click on ‘No Claim Bonus’.
- Next, you must choose any add-ons you want as part of your policy. Be smart while choosing add-ons, as each one you choose has a part in determining your BMW bike insurance price.
- Your BMW bike insurance cost and renewal costs will now appear on your screen. If you are comfortable with the amount, you must go ahead with your plan of choice.
- Pay the fee, and you will receive your policy with all the guidelines via email or Whatsapp.
You can ask for help from our customer support team whenever you need it, and we will be happy to help you. We recommend using a bike insurance calculator before you choose to help you make a choice that will not be financially unsound in the long run.
Buying BMW Insurance Online - Your Premium Amount
Numerous factors, like the level of coverage you select, the brand, and the type of your bike, can affect your BMW insurance cost. Take third-party insurance as an illustration. The Insurance Regulatory and Development Authority of India (IRDAI) determines the cost of third-party insurance for 2-wheelers on an annual basis based on the cubic capacity of the bike. Each year, these rates are updated and published by the IRDAI promptly.
In contrast, a comprehensive two-wheeler insurance plan offers more protection at a greater cost. Your BMW insurance price will depend on its engine and cubic size, IDV, and safety systems.
Your insurance provider will reimburse you up to the IDV, or insured declared value, of your bike in the event of total damage or theft. Even though picking a lower IDV can make your BMW insurance less expensive, you will only receive a small reimbursement in the instance of a total loss or theft.
On the contrary, if you choose an IDV on the higher end of the spectrum, you will pay higher charges in return for a big payout in the instance of theft or complete damage. Thus choosing the right IDV for your bike becomes more important than ever.
After carefully weighing your alternatives and settling on a budget, you can buy insurance for your BMW based on what you feel is the best fit for you.
Things Covered/Not Covered Under TATA AIG’s BMW Motorcycle Insurance
When buying an insurance policy, one must very clearly know what is covered and what is not under it. Knowing what is included and excluded can decide if you are getting the factors you were looking for in a bike insurance policy. Then once you have a thorough idea about the insurance policy, you can go ahead and decide if it is one you wish to purchase or not.
If you wish to know the inclusions and exclusions under Tata AIG own damage cover or comprehensive insurance plans, just look at the table below.
|Things Covered Under Tata AIG’s BMW bike Insurance||Things Not Covered Under Tata AIG’s BMW Bike Insurance|
|Suppose any harm was incurred by the insured vehicle during conveyance by airways, waterways, railways, etc.||Any damage to the insured BMW bike when not in the geographical location mentioned in the policy (i.e., outside India).|
|Any damage caused to the BMW from explosions, self-ignition fires, lightning etc.||Any damage was caused to the bike because of a robbery in your residence, but the bike was not stolen.|
|Any losses caused to the bike because of human actions of terrorism, defacing, riots and more.||Personal accidents or own damage will not be covered if the person is under a third-party bike insurance policy.|
|Any loss caused to the bike owing to theft or total loss caused by a robbery.||Damage or loss of the insured vehicle if the rider was drunk, not wearing a helmet at the time of the incident or if they do not have a valid driver's license.|
|Damage to the insured BMW due to an accident involving a third-party automobile and damage to someone else's assets or injury to a third-party person, which results in death or impairment.||Any loss induced by use over time and regular wear and tear, including mechanical and electrical breakdowns.|
|Personal injury coverage of up to ₹15 lakhs for the bike policyholder in the event of an accident. If the owner-driver passes away in the accident, the policyholder's nominee will get the sum insured.||Any damage was caused when the BMW was employed for commercial reasons. Also, if the damage is a result of adventure sports, racing, speed trials, etc.|
|Any harm caused to the BMW because of natural disasters, including cyclones, earthquakes, floods, etc.||Any damage caused when the bike was used in places prone to harm, like a flood or landslide-prone area.|
|Any customisations made to the plan will be regarded when a claim is made.||Any war-like situation in the country or an attack caused damage to the insured bike.|
Why Is It Important to Have BMW Bike Insurance from Tata AIG?
Hassle-Free Claim Process: We provide a simple, effective, and rapid insurance claim system with the help of 650 insurance counsellors in India. We quickly and efficiently resolved most cases, allowing us to resolve 98% of claims in 2020-21 quickly.
Simple: You may get our BMW bike insurance online from the comfort of your home. We guarantee that using our online method to buy insurance for your bike will be simple and hassle-free.
Market Expertise: The organisation has over 20 years of involvement in the insurance market and continues to put out great effort to uphold the confidence of its over 5 crore customers nationally. Policyholders feel trusted and loyal just by hearing the name Tata.
Variation:With our support, you may compare your alternatives for BMW motorbike insurance and choose between several options. You may get everything from us in one place. Whether you want a personalised plan, comprehensive two-wheeler insurance, own damage protection, or third-party insurance, you can get it all from us.
Cashless Garage Network: We have a network of over 5000 cashless garages where you can take your bike for repairs without having to worry about making payments. Since our garages are scattered all over the country, you will not have to worry about not finding one when you are away from home.
Overview: BMW Bikes
Bayerische Motoren Werke, also known as BMW, is a German car and motorbike manufacturer. The business is founded in Germany, and Munich serves as its corporate headquarters. The 1916-founded firm today manufactures the BMW and Mini cars and the BMW motorcycle line. Additionally, it is the parent business of the wealthy Rolls-Royce line of automobiles.
With its unrivalled engineering and engine quality, BMW, among the most recognisable companies in the luxury automotive and motorbike market, truly lives up to its tagline, "Sheer Driving Pleasure." Today's business dominates the market for premium vehicles, and its motorcycle sector is also on the rise.
After the First World War, BMW started producing motorbikes and has been successful since 1923, when it created its first bike. It often produces luxury and superbike-class motorcycles. There are currently 11 of these bikes in India, with prices ranging from ₹18 to ₹28 lakhs
BMW Bikes Prices and Variants
The various BMW bikes and their prices are:
|Variants||New Delhi Ex-showroom Prices (may differ as per different cities)|
|BMW G 310 R||₹ 2,50,000|
|BMW G 310 GS||₹ 2,90,000|
|BMW S 1000 RR||₹ 19,50,000|
|BMW R 1250 GS||₹ 20,45,000|
|BMW R nine T||₹ 18,50,000|
|BMW M 1000 RR||₹ 42,00,000|
|BMW G 310 RR||₹ 2,85,000|
|BMW R 1250 GS Adventure||₹ 22,40,000|
|BMW R 1250 RT||₹ 23,95,000|
|BMW R nineT Scrambler||₹ 16,75,000|
|BMW K 1600 B||₹ 29,90,000|
Unique Selling Points: BMW Bikes Features
When it comes to a BMW vehicle, the name alone is one of its best selling points. People have equated style and leisure with BMW, which is the same with bikes. The bikes have proven to be at par with the cars and have been performing consistently well in the Indian market.
Some points that make BMW bikes stand out from among the rest are;
- The action-packed features
- Their distinguished seating style
- The throttle
- Engine quality
- Superior make
Top 3 Rivals of BMW
The top 3 rivals brands of BMW bikes in India are;
Frequently Asked Question
1. What is the average time taken to renew a BMW insurance policy?
With the onset of online insurance, people can get a softcopy of their insurance in just a few minutes.
2. Is buying BMW bike insurance expensive?
The insurance price depends on several variables, including the vehicle's price, year of manufacture, location, etc. Therefore, the bike insurance rate for BMW bikes is determined by the bike's worth. Nevertheless, purchasing insurance online from insurance firms results in lower costs. Due to the absence of insurance brokers or middlemen, digital-first carriers have reduced operating expenses. As a result, they now provide some of the finest BMW bike insurance policies, and the availability of online insurance has allowed for direct communication between buyers and insurance providers.
3. What are some add-ons that should be seen as a must for a BMW bike?
The add-ons you get for your bike depend solely on what kind of coverage you want for your bike. However, since BMW bikes are high-end, it is better to get some add-ons like engine cover, roadside assistance, tyre cover and collision protection.
4. Is it possible to port my insurance to Tata AIG from another insurance provider?
The add-ons you get for your bike depend solely on what kind of coverage you want for your bike. However, since BMW bikes are high-end, it is better to get some add-ons like engine cover, roadside assistance, tyre cover and collision protection. It is possible to port your insurance to Tata AIG from your existing insurance provider. All you need to do is inform your old insurance provider about your decision and start your process with Tata AIG. The best time to port your insurance is when it is up for renewal.