Honda CB 300R Insurance
Honda CB 300R Insurance
Who doesn’t love bikes? Whether it is daily commuting or weekend rides, riding a bike is full of convenience, adventure and fun. The way they cruise through the long traffic queues and compact streets with ease makes them one of the most preferred means of transport. And when it comes to sports bikes, Honda has offered some of the best ones.
The all-new CB 300R belongs to the CB series introduced by Honda in 2017 and is powered by a BS6-compliant 286.01cc engine. With excellent style and performance, the new CB 300R is crafted with high-end technology and offers a unique riding experience. The bike is lightweight and is a perfect mix of power, handling and comfort. Being one of the coolest Honda bikes with a neo-retro style, the CB 300R has appealed to many bike enthusiasts.
But do you know that before taking your Honda CB 300R on a ride, you must have a bike insurance policy? Yes, buying a third-party liability cover is mandatory according to Indian motor laws, in the absence of which you may end up paying hefty fines of up to ₹2000 or undergo imprisonment of up to three months for a first-time offence.
Third-party insurance for bikes not only saves you from fines or imprisonment but also secures you against third-party legal or financial liabilities arising due to accidental injuries, death or harm to third-party property. Apart from third-party bike insurance, you can buy standalone own-damage or comprehensive insurance for your CB 300R. While third-party insurance for bikes satisfies the legal mandate and standalone own-damage protects your bike, comprehensive insurance ensures 360-degree protection with own-damage protection and third-party liability cover.
Tata AIG offers all three bike insurance plans with a choice of add-ons to ensure well-rounded coverage for your Honda CB 300R. Along with complete protection, you can enjoy an easy claim process, a high claim settlement ratio, dedicated customer service, and bike insurance online purchase and renewal.
Honda CB 300R Insurance Renewal/Buy via Tata AIG
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.
Honda CB 300R Insurance Cost– Your Premium Amount
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.
Add-ons for Honda CB 300R Insurance by Tata AIG
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.
Things Covered and Not Covered under Tata AIG’s Honda CB 300R Insurance
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:
|Things included under Tata AIG's Honda Two-wheeler Insurance||Things not included under Tata AIG's Honda Two-wheeler Insurance|
|Financial or legal liabilities resulting from third-party injury/death and property damage||Damages to your CB 300R incurred while driving under the influence of intoxicating items|
|Man-made damages to your CB 300R caused during riots, strikes, vandalism, etc.||Depreciation of your CB 300R due to regular wear and tear|
|Damages to your CB 300R due to natural calamities such as cyclones, earthquakes, floods, etc.||Damages to your CB 300R incurred while driving without a valid driving licence|
|Damages to your CB 300R incurred during transit||Damages to your CB 300R due to its commercial use or racing activities|
|Damages to your CB 300R due to accidents||Damages to your CB 300R incurred during war or nuclear threats|
|Fire damages to your CB 300R due to explosion, lightning or self-explosion||Damages to your CB 300R due to mechanical or electrical breakdown|
|Damages to your CB 300R due to burglary, theft or housebreaking||Damages to your CB 300R incurred outside the geographical location mentioned in the policy|
|Total loss of your CB 300R or irreparable damages||Consequential loss|
|Comprehensive insurance for the bike also includes a personal accident cover of ₹15 lakhs||Comprehensive insurance for a bike does not include the damages or liabilities covered through add-on covers|
Why is it Important to Have Tata AIG for Your Honda CB 300R Insurance?
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
|Features||Benefits of buying Honda CB 300R Bike Insurance from Tata AIG|
|Affordable premiums||Tata AIG offers tailored insurance coverage at affordable premiums. You can avail of discounts of up to 75% by choosing our online process of policy procurement.|
|Hassle-free online process||With a few clicks on the Tata AIG website, you can buy or renew your Honda insurance policy quickly. Moreover, there is no need for the physical submission of documents if you purchase the policy online.|
|A huge network of cashless garages||Our network of cashless garages stretches over the length and breadth of the country allowing you to avail of cashless repair services for your bike without any hassle.|
|High claim settlement ratio||We are proud to have a claim settlement ratio of 98% for the FY 2020-2021 which is proof of our dedication towards serving you.|
|List of unique add-on covers||We not only provide comprehensive coverage for your bike but also ensure that you remain financially secure against various other risks through our unique add-on covers.|
|Long-term two-wheeler insurance||With Tata AIG, you can also buy long-term two-wheeler insurance which can extend up to 2-3 years. It allows you to remain stress-free without the need to renew your policy every year.|
Overview – Honda CB 300R Bike Model
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:
|Type of engine||Liquid-cooled, 4 stroke, BS-6 engine|
|Maximum power||31.13PS at 9000rpm|
|Maximum torque||27.5Nm at 7500 rpm|
|Body type||Sports bike|
|Fuel tank capacity||9.7 litres|
|Other features||Gear indicator, Engine kill switch, Digital instrument cluster, Fuel warning indicator, LED DRLs and LED indicator, LED Taillight, Dual channel ABS|
Honda CB 300R Bike Price and Variants
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)
Unique Selling Points: Honda CB 300R Bike Features
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
Rivals of Honda CB 300R
The bikes that compete with the Honda CB 300R are:
Royal Enfield Interceptor 650
KTM Duke 390
Royal Enfield Himalayan
BMW G3 10GS
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
Frequently Asked Question
How to claim your Honda CB300F bike insurance?
Tata AIG is known for its painless, paperless 4-step claims process. Here’s how it goes:
- In the form, provide your insurance policy number along with FIR details and other personal info.
- On submission, Tata AIG will assess the damage and send the two-wheeler to the nearest network garage for replacements and repairs.
- Pending verification, Tata AIG will trigger the claim settlement process.
- Your bike will then be repaired and returned to the policyholder.
How to renew your Honda CB300F bike insurance?
To renew your Honda CB300F insurance:
1.Head over to the Tata AIG website 2.Click on the Bike Insurance page or the Insurance Renewal page 3.Provide all the necessary information and click on ‘Renew’ 4.Pay the premium amount and click submit
What is the price of a Honda CB300F bike?
The bike is offered in a Deluxe variant that starts from ₹2.26 lakhs, ex-showroom price, whereas the Deluxe Pro goes up to ₹2.29 lakhs.
What are the available variants in Honda CB300F?
The Honda CB300F is available in two variants:
- CB300F Deluxe
- CB300F Deluxe Pro
It’s also available in three colours:
- Sports Red
- Mat Marvel Blue Metallic
- Mat Axis Gray Metallic
Is the Honda CB300F a good bike?
If you are looking for a well-oiled, feature-rich machine that embodies youth, high performance, and tech-savvy controls, the Honda CB300F is exactly where your loyalties should lie. A total streetfighter in body and spirit, the bike looks and feels like a Honda - familiar and mesmerising. Designed with angular headlights, sleek tail light, and lightweight accessibility overall, the motor vehicle is super-tractable and smooth to drive whether you are in a lower or higher gear.
The engine is refined and genuinely ideal for city commuters who can’t resist quick overtakes or a seamless riding experience.
How much is insurance for Honda CB300F?
Your CB300F bike insurance premium will depend on several factors, including but not limited to the model as well as its Insured Declared Value. To calculate the IDV, you can consult with a local auto dealership or use the lightning-fast bike insurance calculator on Tata AIG’s website.
How can I save on my bike insurance premium?
Some of the ways to reduce your bike insurance premium include: Ride your bike in a responsible manner Avoid making minor claims to take advantage of the NCB discount on policy renewal Choose a reasonable IDV to ensure adequate compensation at affordable prices Renew your bike insurance policy on time Evaluate your bike’s needs and then buy suitable add-on covers Get two-wheeler insurance quotes and compare them using a bike insurance calculator Install authorised anti-theft or safety devices on your bike Choose a higher voluntary deductible
What are the things covered by comprehensive bike insurance?
Comprehensive bike insurance coverage includes: Own damages including accidents, natural disasters, riots, theft, vandalism, fire damages, etc Third-party legal and financial liabilities- injury/death or damage to property Personal accident cover of up to ₹15 lakhs Complete loss of the bike- including theft or damage beyond repair Extra coverage through add-on covers
Why should I buy my bike insurance online?
Online purchase or renewal of your bike insurance offers the following advantages: You can compare prices of different bike insurance policies through a bike insurance calculator. You can renew or buy your Honda bike insurance through a few clicks on our website. There is no need to submit physical documents. You get timely reminders for policy renewals. Insurance providers also save the costs of distribution, commission, and paperwork which are passed on to you by way of lower premiums.
What is the price of bike insurance?
The price of bike insurance depends on several factors. Your bike’s IDV plays an eminent role but other factors that impact the premium amount include the type of coverage, NCB discounts, add-on covers, rider’s age or driving record, safety devices, etc.
How are prices of third-party bike insurance determined?
The premium for third-party bike insurance is decided by the Insurance Regulatory and Development Authority of India. The prices are standardised and depend on the engine cubic capacity of the two-wheeler commonly known as “cc”. IRDAI conducts annual revisions of the rates for third-party insurance for bikes. The current (2022-23) rates for third-party bike insurance are as follows:
|Engine cubic capacity of the bike||Third party bike insurance premium|
|Above 75cc but less than 150cc||₹752|
|Above 150cc but less than 350cc||₹1,193|
Disclaimer: All the prices and other information listed above pertain to a specific city and vehicle model. Since this information is subject to change, it is advisable to check the latest information before purchasing a vehicle or an insurance policy.