Compare Two Wheeler Insurance Online
Compare Bike Insurance
Two wheeler insurance safeguards you and your bike against the damages and injuries caused by any adverse event on the road. Purchasing a bike insurance policy is a simple task, particularly in today’s digital age where you can compare bike insurance online and choose a policy that is feasible to you.
Whether you are buying an online bike insurance policy for a new bike or an old one, it is important to assess and compare the benefits of bike insurance policies and their premiums so as to choose the one most suited to your requirements and budget.
Tata AIG offers three different types of bike insurance policies that have been designed considering the varied bike insurance requirements of policyholders. Additionally, you can choose from 8 different add-ons to enhance the coverage of your comprehensive bike insurance policy. Therefore, it is a prudent decision to compare bike insurance policies before making your selection, thereby making an informed and time-efficient decision.
Why is it Important to Compare Bike Insurance Online
When you compare bike insurance policies online, you are well-equipped to select the optimal policy for your bike. Here are some reasons why it is important to compare bike insurance online.
It saves time: If you decide to compare two wheeler insurance online , you can save a significant amount of time and effort. Buying vehicle insurance online enables you to learn about and understand the coverage, cost, benefits, and add-on features of different policies without having to visit the office of an insurance company. Thus, comparing bike insurance policies online is a simple and hassle-free process.
No need to consult an agent: You can directly peruse important information and compare bike insurance policies to choose the one most suited to your requirements. The comprehensive information available on the Tata AIG website saves you from the necessity of consulting an agent to buy insurance for your bike.
It helps you make an informed decision: If you peruse and compare bike insurance policies online, you can make an informed decision that is free from any bias and misleading information. A thorough research and policy comparison on our website can help you make the adequate decision about your bike insurance policy.
Bike insurance premium calculator: With the application of our interactive bike insurance premium calculator you can ascertain and compare the premiums of different bike insurance policies and choose the most cost-effective insurance for your bike. The Tata AIG two wheeler insurance calculator assists you in computing your bike’s ‘Insured Declared Value’ (IDV) and the insurance premium.
Comparison between Comprehensive, Own-Damage, and Third Party Bike Insurance
Tata AIG offers three different types of bike insurance policies which are as follows.
- Comprehensive Bike Insurance Policy
- Standalone Own Damage Bike Insurance Policy
- Third Party Bike Insurance Policy
|Feature||Comprehensive Bike Insurance Policy||Standalone Own-Damage Bike Insurance Policy||Third Party Bike Insurance Policy|
|Bike Insurance for Accidental Damage||✓||✓||X|
|Motor Insurance for Damage due to fire||✓||✓||X|
|Bike Insurance for Damage due to natural disaster||✓||✓||X|
|Personal Accident cover||✓||✓||X|
|Bike Insurance for Damage to a third-party person||✓||X||✓|
|Motor Insurance for Damage to a third-party vehicle||✓||X||✓|
|Zero Depreciation||Optional add-on feature available with the policy||Optional add-on feature available with the policy||No option to include any add-ons|
You can compare various types of insurance policies for two wheelers on the Tata AIG two wheeler insurance page and select a suitable bike insurance policy for yourself. The facility to buy online insurance for your bike makes the whole process convenient, cost-effective, and time-efficient.
Steps to Compare Two Wheeler Insurance Policy
You can compare bike insurance online by following a simple process. Here are the steps for comparing bike insurance policies on our website. Visit our website to have a comprehensive pool of knowledge about our bike insurance policies available at your fingertips. You can compare our bike insurance policies online and select the one that is in line with your requirements.
Enter the bike’s registration number: The next step in comparing our two wheeler insurance policies online is entering the registration number of your bike and selecting one of the following options.
- ‘Get price’ for buying a new Tata AIG policy
- ‘Renew’ to renew your existing Tata AIG policy Once you have entered the aforementioned details, you will be able to proceed to the next page to compare the various options available for the insurance of your bike.
Provide the required information and choose suitable add-ons: On the succeeding page, our bike insurance calculator will automatically fetch the important details about your bike, including its make, model, variant, and year of purchase.
Select the Insured Declared Value (IDV), which is the sum assured for your policy. Then you must proceed with choosing the add-on features you wish to add to your bike insurance policy. You can compare the total cost of your two wheeler insurance policy with the addition of different combinations of add-ons and determine whether the cost-benefit trade-off is sufficient.
Get a quote: After entering the information mentioned above, you have to click on get quote to receive an instant quote of your bike insurance premium. In this final step of two wheeler insurance comparison, if you find the cost of the selected two wheeler insurance policy and the chosen add-ons feasible, you can go ahead with the purchase. You can also make changes to the add-ons you have selected in case the premium quote is too much of a strain for your pocket.
Things to Remember While Comparing Two Wheeler Insurance
There are a few significant things that you must remember when you compare two wheeler insurance policies. Some of the aforementioned factors have been discussed below.
Premium: The premium of your bike insurance policy is one of its most significant components during bike insurance comparison. However, what is even more important is the coverage you get for the aforementioned premium. Therefore, you must ensure that both the premium of your bike insurance policy and the underlying insurance coverage are in alignment with your insurance requirements as well as your budget.
Coverage and add-ons: Although all bike insurance policies may ostensibly appear similar in their basic structure, most policies have subtle nuances that make them distinct. Therefore, when you compare motor insurance online, it is important to ascertain the extent of the policy coverage and whether it fits your bike insurance requirements. You must also ensure that you include adequate add-on features to enhance the coverage of your bike insurance policy.
Deductibles:Deductibles refers to the proportion of the repair cost of a bike in the wake of an adverse event that you pay yourself. Therefore, while filing a bike insurance claim, you deduct the aforementioned amount. Choosing a higher deductible can enable you to get higher coverage on your bike insurance policy at a lower premium. While comparing online bike insurance policies , remember to account for the amount of deductibles that you are ready to bear.
Claim Settlement Ratio: The claim settlement ratio of an insurer represents the ratio of the claims settled by them vis-a-vis the total number of claims received by them in a particular financial year. The higher the aforementioned ratio is, the better an insurer is considered to be. With a 98% claim settlement ratio for vehicle insurance in the financial year 2020-21, Tata AIG is the insurer where your search for bike insurance must end.
Check Exclusions: During bike insurance comparison, before deciding which bike insurance policy you are going to purchase, it is important to check what is included in the coverage and what is excluded so that you can comprehend whether the selected policy comprises the bike insurance coverage that you need. Therefore, you must peruse the policy document carefully before signing on the dotted line.
Garage Network: When you are comparing bike insurance plans, it is advisable to choose an insurer that has a wide garage network that you can access for cashless repairs of your bike in the aftermath of an adverse event on the road. With a 7500+ garage network, Tata AIG offers you a comprehensive service promise for your bike and its safety.
How to Select the Best Two-Wheeler Insurance Plan?
While selecting a bike insurance policy, you must consider some important factors so that you end up choosing the most optimal policy for you. Here is how you can select vehicle insurance after comparing bike insurance plans in accordance with your insurance budget and requirements.
Assess Your Requirements: Assessing your requirements in a bike insurance policy is an essential prerequisite for choosing an adequate policy for your bike. This assessment can prove instrumental in helping you save time and effort while comparing two wheeler insurance online . Therefore, you must ascertain the type and extent of bike insurance coverage you want, along with your budget for the same, before starting your research for a policy.
Bike’s Engine Cubic Capacity: The engine cubic capacity of your bike plays a critical role in determining your bike insurance premium, especially for third-party coverage. Thus, you must know the aforementioned particular if you want to purchase online two wheeler insurance. Remember that your bike’s engine cubic capacity is directly proportional to your bike insurance premium.
Know The Insured Declared Value (IDV): The ‘Insured Declared Value’ of your bike is the maximum sum that can be assured in its bike insurance policy. Since the IDV of your bike is its market value after accounting for the depreciation accumulated on it, it gets progressively lower every month and year. It is important to quote the accurate IDV for your bike to purchase an optimal bike insurance policy.
Choose Right Add-ons: By purchasing the Tata AIG bike insurance policy, you can choose from 8 excellent add-on features to enhance the coverage of the plan. However, since there is a cost associated with each add-on benefit, you must first compare bike insurance add ons and then only select the ones that you think are necessary for your bike.
Customer Reviews: Customers are renowned for being honest with their feedback, particularly with reference to the services they receive from a service provider. Therefore, you must go through customer reviews to determine the service values and reliability of an insurer before buying a bike insurance policy from them. At Tata AIG, we extend an earnest promise of trust and valuable service to all our customers.
Compare Insurance Plan Online: With the application of the Tata AIG two wheeler insurance premium calculator, you can easily carry out a bike insurance premium comparison. The aforementioned tool enables you to check the costs of various Tata AIG bike insurance policies with different combinations of add-on features. By using the Tata AIG bike insurance calculator, the policy comparison process can become seamless and convenient for you.
Check the Claim Settlement Ratio: The claim settlement ratio of an insurer is the hallmark of their service commitment and trustworthiness. At Tata AIG, we have registered a 98% claim settlement ratio for vehicle insurance during the financial year 2020-21. Therefore, we are committed to providing you with excellent services in a cost-effective and timely manner.
Benefits of Comparing Bike Insurance Online
When you choose to compare bike insurance policies online, you can enjoy several benefits, some of which are as follows.
Convenience: The process of comparing motor insurance online is easy and time-efficient. You can assess and compare a variety of policies from the comfort of your home. Therefore, there is no need to visit the offices of your vehicle insurance company, request information on bike insurance policies, and await your turn in queues. At the Tata AIG website, you can peruse all the information you need to choose the optimal bike insurance policy for your bike. Our 24x7 support team is committed to providing you with the necessary support in your policy research and comparison; therefore, you must reach out to them without hesitation.
Use of the insurance premium calculator: With the assistance of the interactive and user-friendly Tata AIG two wheeler insurance premium calculator, you can ascertain the cost of different policies from our wide range of online bike insurance policies. You can add different add-on features to your policy and determine how they impact your bike insurance premium.
Therefore, the aforementioned tool makes it easy for you to compare bike insurance policies and make an informed selection. Furthermore, you can decide which add-on features are necessary and feasible for you.
Unbiased decision making: If you choose to assess and compare bike insurance policies online, you can benefit from the availability of accurate and unbiased information. Therefore, you can make a prudent decision without having to resort to professional advice or relying on the limited selection of policies offered by different insurance brokers.
It is, thus, advisable to compare bike insurance policies online and save on time, money, and effort.
Steps to Buy Two-Wheeler Insurance Policy
You can buy a Tata AIG two wheeler insurance policy by following the steps mentioned below.
1. Visit the official website: The first step to buy two wheeler insurance online is visiting our official website.
2. Enter your bike registration number: Click on ‘Get Price’ for new policies and ‘Renew’ for existing Tata AIG policies. The relevant details of your bike will get fetched, allowing you to proceed to the next step. However, if entering your vehicle registration number does not fetch the required details, you will have to enter details such as your bike’s make, model, variant, and year of purchase.
3 Choose your plan: To buy two wheeler insurance online, you need to select a bike insurance policy that provides you with the required insurance coverage at a feasible premium. Therefore, you must simply compare the bike insurance plans we offer and select the adequate type of policy for your bike.
You can add the necessary add-on features to a comprehensive bike insurance policy, including Depreciation allowance, Return-to-Invoice cover, and Emergency Medical Expenses.
4. Make your payment: The last step you must follow to buy bike insurance online is making the premium payment for the selected policy. By paying for your bike insurance policy online, you can enjoy a quick, cost-effective, and hassle-free purchase experience.
Why Choose Two-Wheeler Insurance by TATA AIG?
The Tata AIG two wheeler insurance policy has been designed to provide adequate coverage to you at feasible premiums. Here are some of the reasons why you must choose our two wheeler insurance policy.
It enables you to stay stress-free: Buying a Tata AIG online two wheeler insurance policy is easy and simple, thereby allowing you to stay stress-free about your bike insurance policy purchases and renewals. With our simple 3-step buy/renew process, you can carry out the purchase or renewal of your bike insurance policy online and be assured of our quality services.
Wide network of cashless garages: Our wide network of garages across the nation offers you a hassle-free cashless repair experience. Therefore, if you are faced with an adverse event on the road, you can count on us to help you with the expenses incurred in the repair of your bike.
High claim settlement ratio: Our 98% claim settlement ratio (FY 2020-21) is evidence of our commitment to our customers and our promise of protection. Therefore, you can compare our insurance policies for two wheelers and select the one that is most suited to your requirements.
Exceptional after-sale service: At Tata AIG, we pride ourselves on our after-sale services and customer engagement. Honouring our promise of protection to our customers is our utmost priority and highest goal. Therefore, when you choose our bike insurance policy, you can be assured of our continuous support with your bike insurance requirements.
More by TATA AIG
Download Brochures, Policy Documents, and Claim Forms: It is easy to buy and renew Tata AIG motor insurance online. You can download the brochures of our various two wheeler insurance policies online and peruse them in detail.
Buy/Renew your policy instantly: You can instantly renew your vehicle insurance policy by visiting our website.
- To buy a new bike insurance policy: Enter your bike's registration number and click on 'Get Price'
- To renew your existing Tata AIG motor insurance policy: Click on 'Renew Existing Tata AIG policy'
Tata AIG two wheeler insurance calculator: You can assess and compare the premium and other benefits of our online bike insurance policies by using our user-friendly two wheeler insurance premium calculator.
Comprehensive insurance for your vehicle: With our Comprehensive Bike Insurance Policy, you can get a comprehensive cover for your bike along with a choice of 8 excellent add-on features.
Frequently Asked Question
How can I compare bike insurance?
It is easy to compare bike insurance policies online. By choosing the online mode of analysing and comparing vehicle insurance rates, you can benefit from substantial savings in terms of time, cost, and effort. You can peruse and compare our two wheeler insurance policies here in a convenient manner.
How to choose two wheeler insurance?
One of the prerequisites for choosing a bike insurance policy that is in alignment with your requirements and budget is to have clarity on the aforementioned elements. Therefore, firstly, you must ascertain what kind of coverage you are looking for in a two wheeler insurance policy and what amount you are willing to spend on said policy.
After determining the aforementioned elements, you must carry out thorough research and compare bike insurance policies in terms of the extent of their coverage, the amount of premium, the claim settlement ratio of the selected insurer, etc. It is also advisable to assess and compare the two wheeler insurance add-ons available with different policies. If you choose a Tata AIG bike insurance policy, you can select from 8 excellent add-on benefits and make your policy more comprehensive.
Is buying bike insurance online safe?
Yes, it is safe to buy bike insurance online as long as you visit the official website of the selected insurer to carry out the purchase or renewal of your policy. If you choose to buy or renew your bike insurance online, you can assess and compare various bike insurance policies from the comfort of your home and at your own pace. However, before making the final purchase decision, you must ensure that the selected policy fulfils your bike insurance requirements and is not too much of a strain on your pocket.
What are the various long-term policies available for bike insurance?
There are several benefits of purchasing a long-term bike insurance policy, including protection from a potential annual hike in the policy's premium and freedom from the responsibility of renewing your bike insurance policy on a yearly basis. You can choose from three main types of long-term bike insurance policies, which have been listed below.
- Liability only policy: This type of long-term bike insurance policy provides you financial protection against any damages or injuries sustained by a third party owing to an adverse incident on the road involving your bike. The coverage of the aforementioned policy lasts five years.
-Own-damage policy: A package policy offers insurance coverage for the damages caused to your bike due to a predetermined list of natural and manmade calamities. The aforementioned policy also provides you financial protection in case of theft or total damage of the bike beyond repair.
-Bundled or comprehensive policy: This policy is a combination of the aforementioned policies since it provides you with a one-year own damage cover for your bike along with a five-year third-party liability cover. You can add multiple add-ons to the policy to get coverage against specific circumstances and enhance your coverage.
How to make changes to my bike insurance details after receiving the document?
If you want to make any changes to your bike insurance policy after having received the policy document, you can contact our 24X7 support team and request the change. It is always advisable to read your insurance policy document carefully before signing on the dotted line. However, it is possible that you may miss noticing a particular detail or notice a discrepancy at a later stage. In any such scenario, we are committed to helping you and addressing such issues.
We recommend keeping the relevant documents handy whilst you call, text, or email us. You can reach out to us via the following modes of communication.
- 24X7 Toll-free Number: 1800-266-7780
- WhatsApp Number: +91-9136160375
- E-mail: email@example.com
Can I get a copy of my insurance online?
Yes, you receive a copy of your bike insurance policy as soon as you complete the purchase online. The complete policy document is sent to the email address provided by you in the online application. However, if you want to download another copy of the aforementioned document, you can log in to your account on our website and proceed with the said download.
Is online two-wheeler insurance valid?
Yes, online two-wheeler insurance is valid under the laws applicable in India. The Ministry of Road Transport and Highways, the Government of India, has declared that the electronic copy of a bike insurance policy that is stored in either Digilocker or the mParivahan mobile application is valid and acceptable proof of bike insurance.
Therefore, you are not required to carry physical copies of your insurance policy with you as long as you have a digital copy of the same on your mobile phone, tablet, or laptop whilst driving. The aforementioned step is part of the 'Digital India' initiative launched by the Government of India.
How to claim NCB (No Claim Bonus) Discount?
'No Claim Bonus' (NCB) is a reward for responsible riders which helps them secure a discount on the renewal of their bike insurance policies. At Tata AIG, you can receive a 20 per cent discount on your bike insurance renewal if you have not filed a bike accident insurance claim in the preceding year. It is easy to claim the aforementioned discount. This discount can go up to 50% for 5 consecutive no-claim years.
While entering your bike's details on our website, you are also asked to enter the details of the 'No Claim Bonus' accumulated on your previous policy. If you have a valid NCB, you must enter its details when prompted in the online bike insurance purchase process and benefit from a discount on your new policy premium.
What is the meaning of Insured Declared Value (IDV)?
The 'Insured Declared Value' (IDV) of your bike is its market value after accounting for depreciation. Your bike's IDV is the highest sum any insurer can promise to pay you in the event of a total loss of your bike (damaged beyond repair), such as theft or a severe accident. It is important to optimally ascertain your bike's IDV since it has a bearing on the insured sum as well as the premium of your bike insurance policy.
What are add-on covers in bike insurance?
Add-on covers are additional features that you can add to your bike insurance policy to enhance its coverage. With a range of 8 excellent add-on benefits available with Tata AIG's bike insurance policies, you can easily customise your policy and better secure your bike. We offer the following add-on covers with our bike insurance policies.
- Depreciation Allowance
- Return-to-Invoice Cover
- Emergency Medical Expenses
- Additional Personal Accident Cover for the Owner-Driver
- Additional Third-Party Property Damage Cover
- Consumables Expenses
- Roadside Assistance