Honda CB 300R Insurance

You can buy or renew your Tata AIG Honda bike insurance online by following the steps below:

• Go to the Bike Insurance page and enter your CB 300R registration number.

• Click on 'Get Price' if you are buying Honda bike insurance for the first time. If you are already a policyholder and wish for a Honda two-wheeler insurance renewal with Tata AIG, click on 'Renew'.

• Select the appropriate IDV (Insured Declared Value) of your CB 300R.

• Note: IDV directly impacts the premium of your Honda bike insurance. So, choose your bike’s IDV wisely.

• Provide your claim history details. If you have raised zero bike insurance claims in the past, you gain eligibility for the 'No Claim Bonus'.

• If you are buying a standalone own damage or comprehensive insurance, you can pick appropriate add-on covers from the list for added security.

Note: The add-ons are offered at an additional cost, thus increasing the overall Honda bike insurance price. So, it is wise to choose only the necessary riders.

• The premium amount for your Honda CB 300R bike insurance will be displayed, after which you can go ahead with the payment.

• Once payment is made, your Honda CB 300R bike insurance documents will be sent to the registered email address or WhatsApp number.

Premium amount is a major factor in deciding the type of policy you wish to buy. While the prices of third-party bike insurance are based on the IRDAI guidelines and are usually low, standalone own-damage or comprehensive bike insurance is available at higher premiums. Why? Because third-party liability insurance only covers third-party losses. But standalone own damage and comprehensive insurance provide substantial coverage from multiple threats. Now let’s see how the premiums for these policies are determined by the insurance provider.

The major factor that decides your Honda insurance policy prices is your bike’s IDV (Insured Declared Value). But what exactly is IDV?

Most of the machines lose value over time due to regular wear and tear. And when it comes to vehicles, they start losing value as soon as you buy them. Hence, considering the rate of depreciation on your bike, the insurance provider calculates its current market price known as its IDV.

IDV helps to know what amount the insurance company is liable to pay you if your bike suffers from total loss due to theft or irreparable damage. Some of the factors that affect the IDV of your bike other than depreciation include

• Make and model of your bike

• Accessories included in the bike

• Type of fuel used in the bike

• Type of use of your bike

• City of your bike’s registration

Thus, IDV plays an essential role in bike insurance premiums. Some other things that affect the premium amount are the type of policy you purchase, No Claim Bonus discounts, add-on covers, installed safety devices, etc.

Note: You can use our online two-wheeler insurance premium calculator to know the price of your Honda insurance policy. It is a useful tool that helps you compare quotes and make the most cost-effective choice.

Buying appropriate add-on covers can complement your standalone own damage or comprehensive bike insurance and offer extra security to you and your two-wheeler in case of mishaps. Tata AIG provides seven unique add-on covers for two-wheelers which are as follows:

Zero depreciation cover: You cannot avoid the depreciation of your bike, which leads to a loss of its value over time. But a zero-depreciation cover, also called bumper-to-bumper cover, allows you to avail of compensation without the reduction of the depreciation value of your bike’s parts. But you can benefit from this rider only for the first two claims of your standalone own damage or comprehensive bike insurance.

Return-to-invoice cover: In case your bike is lost or damaged beyond repair, the insurance provider reimburses you according to your bike’s IDV. Hence, depreciation will affect the value of compensation in this case. But a return to invoice cover is effective in beating depreciation and allows you to cover the disparity between the bike’s purchase price and the compensation amount at the time of claim settlement for a total loss of your bike. Not only this, but you can also recover the cost of registration charges and the road taxes you paid for your bike.

Additional personal accident cover for the owner-driver: Comprehensive insurance includes a personal accident cover of up to ₹15 lakhs, but it may not suffice in case an accident leads to serious injuries to the owner-driver. This is where an additional personal accident cover can come to your rescue. It gives you an added layer of financial security if you meet with an unfortunate road accident.

Emergency medical expenses: Emergency medical expense cover offers reimbursement for the costs incurred in treating the rider or the pillion rider after a road accident. It also helps cover the charges paid for the ambulance used for taking the injured riders to the hospital.

Additional third-party property damage cover: Financial liabilities arising due to third-party property damage are included in third-party or comprehensive bike insurance. But this add-on cover provides relief for additional financial losses if your two-wheeler causes serious damages to third-party property.

Consumable expense cover: Accidents can lead to a loss of consumables in your bike, such as gearbox oil, brake oil, nut/bolts, screws, engine oil, etc. Adding a consumables expense cover helps you avail of compensation for the expenses involved in replacing, repairing or replenishing the consumable in your two-wheeler, excluding the fuel.

Roadside assistance cover: A bike ride can be disrupted in the middle of a journey due to malfunction or breakdown. But adding roadside assistance coverage to your bike insurance can help you overcome the difficulty with ease. You can call us at 1800-266-7780 and get assured assistance for mechanical or electrical repair, tow service, refuelling, etc.

Comprehensive bike insurance includes a plethora of damages to your prized possession. But it does not cover damages incurred due to certain events, acts or disasters. The table below this sums up the inclusions and exclusions under comprehensive insurance for bikes. Have a look to make a well-informed decision:

Buying your favourite bike is a mark of financial independence. Thus, to make the best decision, you spend considerable time researching the bikes that fit your requirements and budget. But you cannot ignore the various risks your bike is prone to such as theft, accidents, floods, riots, etc. So, buying adequate insurance coverage from the right insurance provider is crucial to ensure your bike’s adequate security.

With Tata AIG’s industry expertise of more than twenty years, you can provide the safety your Honda CB 300R deserves. Some more reasons to choose us are

The Honda CB 300R entered the Indian market once again with BS 6 compliance and other updates. The bike has a neo sports café style and is now locally assembled. Priced ₹36000 higher than its predecessor, the CB 300R is equipped with retro-style elements such as a round LED headlamp with a minimalist design. Some of the key specifications of the Honda CB 300R are as follows:

The Honda CB 300R is available in one variant only- CB 300R STD. The price of the bike starts at ₹2.77 lakhs (ex-showroom price in Delhi)

Some of the unique selling points of the Honda CB 300R are as follows:

• Neo sports café styling offers sporting and athletic looks

• Attractive colour options- Matte Steel Black and Pearl Spartan Red

• Mono-shock rear suspension mated with seven adjustment process

• Two-chamber muffler provides sporty sound

• Superb built quality with Japanese craftsmanship

• The power-packed and peppy engine offers excellent performance

• Lightweight of the bike allows easy handling and ensures comfortable riding

• The well-balanced suspension offers sportiness as well as comfort

The bikes that compete with the Honda CB 300R are:

• Royal Enfield Interceptor 650

• KTM Duke 390

• BMW G310R

• Royal Enfield Himalayan

• BMW G3 10GS