Honda CB 500X Insurance
Honda CB 500X Insurance
The Honda brand came to India in 1995 and ever since launched its series of automobiles that were an instant hit with critics and the public alike. The Japanese automobile manufacturer has a long-established and trustworthy goodwill with a strong sales quotient across the globe. The manufacturer is famous for catering to a diverse range of tastes and specialising in creating a variety of two-wheelers, including the everyday commuter bike and the thrill-seeking sports bikes.
The Honda CB500X is one of Honda’s recent launches in 2021 and is built for the adventure-hungry soul who loves to explore and keeps their freedom on their feet. The Honda CB500X is in the premium price range bracket, but given it is highly performance-oriented, it qualifies as a great buy. The CB500X has state-of-the-art features, including a powerful engine and enhanced safety features. But despite its top-notch safety features, the CB500X, like every other bike, needs an insurance policy for bikes.
Two-wheeler insurance protects the rider, their bike, third parties and their vehicle + property against unforeseen perils and threats that can cause damage or loss. Third-party bike insurance is a legal mandate in India according to the Motor Vehicle Act of 1988, but it is wise to go beyond the base insurance cover and see the immense additional benefits a comprehensive Honda insurance policy can safeguard your vehicle.
Read on to learn how a two-wheeler insurance policy, like the one from Tata AIG, can secure your valuable investment.
Purchase or Renewal of Honda CB500X Bike Insurance
Many buyers now prefer buying their insurance policy for bikes or cars online. Buying 2-wheeler insurance online helps save time and effort and also comes with the added benefits of discounts at premium prices. With NCB, you can get discounts of up to 50% that can lower your Honda bike insurance price. Here are the steps to buy or renew Honda two-wheeler insurance online with Tata AIG:
Visit our Two-wheeler/ Bike Insurance page.
Enter your CB500X's registration number and other details.
Click on Get Price for a new Honda bike insurance policy or on Renew for a Honda bike insurance renewal. Fill out the bike insurance form that appears after clicking on Get Price or Renew and enter the requested details like your name, number, email address, Aadhaar number, and PAN card number, among others.
Select your CB500X’s IDV (Insured Declared Value).
Note: IDV gets calculated based on the manufacturer's listed selling price and indicates the current market value of your bike. It should thus be chosen carefully. The IDV affects the premium cost of your Honda insurance policy.
Mention your previous claim history (if any). If you haven't raised any bike insurance claim earlier, you can select 'No Claim Bonus'. If you don’t have any previous two-wheeler insurance claim history, you will receive a no-claim bonus (NCB) of up to 50% and an additional discount of up to 75% for buying the policy 2-wheeler insurance online which will lower the Honda bike insurance price.
Enhance your coverage by selecting from our 7 unique add-ons as per your need.
Note that the add-ons come at an additional cost, which increases your overall premium. Thus, it would be best if you chose the add-ons wisely.
After submitting the details, you will see your Honda bike insurance price on the screen. If you are satisfied with the quote, you can pay the premium online.
Once you complete your payment, you will receive your bike insurance policy documents and other details on your registered email address or WhatsApp number.
You can contact our support team anytime for any queries or support; we'll be glad to help.
Honda CB500X Insurance Cost – Your Premium Amount
To buy a new Honda insurance policy or carry out a Honda bike insurance renewal, you have to make monthly, quarterly, half-yearly, or yearly payments called premiums. The Tata AIG Honda bike insurance price depends on various factors, including
Your age, your driving record, and the location of the bike purchase/ use.
The engine (cubic) capacity of the CB500X. The higher the cubic capacity, the higher the premiums, and vice versa.
The age and variant of the CB500X. The newer your bike is, the higher its premiums, and vice versa.
The Insured Declared Value (IDV) of your CB500X. The IDV is the current market or sale value of your CB500X, payable under the Honda two-wheeler insurance policy. For instance, if the price of a brand-new Honda CB500X is ₹5,79,000, and two years later, if you make an insurance claim and its market price is ₹3,00,000, you will get the said IDV unless you have a depreciation add-on cover.
The type of Honda two-wheeler insurance chosen – whether comprehensive, own-damage (standalone) or third-party. Third-party or own-damage insurance for two-wheelers will cost less than comprehensive insurance.
Any NCB benefits (up to 50%) or premium discounts (up to 75%) we give for buying the 2-wheeler insurance online.
Addition of safety devices (which can lower the Honda bike insurance price) or modifications (which can increase the Honda bike insurance price) to your CB500X.
To get a precise estimate of the Honda bike insurance cost for your CB500X and compare multiple insurance policies, use our free bike insurance calculator.
Add-on Bike Insurance Covers That You Should Consider
If you’d like to go the extra mile and cater to the maximum possible threats against your Honda CB500X, Tata AIG’s comprehensive 2-wheeler insurance online comes with riders or optional add-on covers to provide extra financial security during specific unforeseen eventualities involving your bike.
Personal accident rider: Your chosen family members (nominees) get a pre-decided sum of money in case of your death/ physical injury due to an accident involving your Honda CB500X with this rider.
Third-party property damage rider: A third party gets a sum over and above the base insurance cover on the damage caused to them, their vehicle, and their property due to your Honda CB500X with this rider.
Roadside assistance rider: You get access to immediate and round-the-clock mechanic services on the breakdown of your Honda CB500X in a remote or faraway location with this rider.
Emergency medical expense rider: You can cover the emergency medical expenses of you and the pillion rider due to injuries caused by an accident involving your Honda CB500X with this rider.
Consumables expense rider: You can cover the cost of the Honda CB500X’s consumable parts damaged/ lost due to an accident with this rider. The consumables include screws, nuts, bolts, lubricants, bearings, engine oil, gearbox oil, brake oil, and other parts.
**Return to invoice rider – You get reimbursed the original invoice/purchase cost of your Honda CB500X in case of its theft or total irreparable damage with this rider.
Depreciation allowance rider: You get the original value of the Honda CB500X’s bike parts during its repair/ replacement with this rider.
What is Covered and Not Covered under Tata AIG’s Honda CB500X Bike Insurance
With Tata AIG, you will have the surety of knowing that we are 100% transparent and immediately convey to our customers the scope of coverage in our 2-wheeler insurance online + offline. Our Honda insurance policy will only cover a select set of odds and unforeseen eventualities that can harm you, your bike, third parties, their vehicle, and their property.
Here is a concise table of what Tata AIG’s Honda two-wheeler insurance covers (inclusions) and does not cover (exclusions).
|What Tata AIG’s Honda bike insurance covers – Policy inclusions||What Tata AIG’s Honda bike insurance does not cover – Policy exclusions|
|Damage or death to third parties, their vehicle and property due to your Honda CB500X.||Any consequential breakdown, general wear and tear, and age-related or time-borne loss of the Honda CB500X.|
|Damage and loss to your Honda CB500X from natural & artificial (man-made) disasters like
||Damages caused to your Honda CB500X due to your negligence including
|Personal accident coverage where you receive medical insurance up to ₹15 lakhs for physical injuries or death caused to you by an accident. In the eventuality of death, your family members or nominees will receive an insurance payout equal to the medical insurance.||Damage to your Honda CB500X due to nuclear perils, mutiny, war, civil unrest, or other unlawful activities that create a state of war.|
|In case of theft or total damage to your Honda CB500X, you will get the vehicle's current market value or IDV.||Our Honda two-wheeler ins policy does not cover damage to two-wheelers used outside the geographical limits of India.|
|Damage to your Honda CB500X during travel through airways, waterways, roadways, or railways.||Damage to your Honda CB500X while being used for speed racing, crash testing, and other racing, speed, or reliability trials.|
|Add-on coverage from bike insurance riders including
||Damage (except total theft) caused to the Pulsar 250 during a burglary/ breaking/ enteringDepreciation allowance rider|
We encourage you to go through every T&C of our Honda bike insurance policy on our website and the insurance policy document during our 15-day free look period. Going through these will help you make an informed decision and avoid any unpleasant confusion at the time of bike insurance claim settlement. Feel free to get your queries resolved at any time with us.
Why is it Important to Have Tata AIG for Your Honda Two-Wheeler Insurance?
The Honda CB500X is a street cum sports bike built specifically for the adventurous rider. The beast of a bike boasts powerful features like a dynamic 471.03 cc engine, a mass centralised design, and enhanced safety features for an unrivalled riding experience. It enables riders to navigate the diverse terrains of India – whether a rugged jungle road, a speeding highway, or everyday lanes with an unparalleled level of comfort, precision, and safety.
Apart from having a dynamic engine capacity, the Honda CB500X is inbuilt with top-tier safety features like dual channel ABS, a 9-stage preload pro-link rear suspension, and a long travel front suspension that can help navigate urban and rural roads alike. However, the higher the level of thrill and adventure a bike brings, the higher the responsibility of securing it.
Like every other two-wheeler, the Honda CB500X is not exempt from the danger of accidents, damage, and other natural and man-made calamities that can threaten a rider. Every vehicle deserves the utmost financial protection and Tata AIG can help with that with its Honda insurance policy. Tata AIG’s Honda insurance policy covers as many possible unforeseen and life-threatening scenarios. Here are a few reasons to choose us for your insurance policy for bike needs:
A strong heritage: The ‘Trusted Naam, Fantastic Kaam’ tagline comes from a legacy brand. Tata AIG is the brainchild of the Tata Group consisting of some of the brightest business minds in India.
Performance-oriented: We have over 20+ years of expertise in the insurance industry. And one of the reasons behind our long-term success is our consistent claim settlement record. In FY 2020-2021, we had a settlement ratio of 98% - and over the last two decades, our CSR has not been below 95%.
Customer-centric: We are customer-centric on every front. We stay updated with our customer’s needs and changing trends in the industry that dictate the features of our 2-wheeler insurance online. Our team of 650+ claim experts are also ready to provide immediate, personalised, and nationwide assistance around the clock.
Redefining comfort: Giving priority to your comfort and time, we have 100% digital and time-saving buying, renewal, and claim settlement processes. But this doesn’t mean you can’t visit us for your insurance needs in person. Our doors are always open for you.
Reliability and accessibility: We have a far-ranging and trustworthy network of over 7500 network garages spanning the country, offering prompt assistance in tier 1 metropolitans to the smaller town and rural interiors.
Customers like family: Our commitment to caring for our customers and consistent CSR has helped grow our AIG family to over 5+ crore members from across the country.
Less spending, more savings!: When you buy your Honda bike insurance with us, you save more than you spend. You can get up to 50% discounts in NCBs, and save up to 75% discounts in premiums on the insurance policy for bikes. You can also choose from our 7 affordable add-ons.
A Brief Overview Of The Honda CB500x Bike Model
Honda is famous for catering to diverse riding styles and creating a versatile range of two-wheelers for the everyday commuter and the adventure-thirsty rider.
The Honda CB500X is one of Honda’s recent launches in 2021, built specifically for the adventure-hungry soul who loves to explore different terrains – from the urban jungle to the speeding highways and the quiet lanes of country roads.
The Honda CB500X is in the premium price range bracket (starting from ₹5,50,000 and ending at ₹6,00,000). The bike has a dynamic 4-stroke, SI, 471.03 cc engine that gives a max power of 35.0 kw@8500 rpm and a max torque of 43.2 Nm@6500 rpm. It has a fuel tank capacity of 17.7 L.
The bike promises an unrivalled riding experience as its features are state-of-the-art and performance-oriented. Get ready to conquer each trail and make a mark on it.
Honda CB500X Price and Variants
The Honda CB500X is available in a single variant and two standard machismo colours – Matt Gunpowder Black Metallic and Grand Prix Red. The approximate starting price of the bikes starts from ₹5,50,000 to ₹6,00,000. The exact cost varies from showroom to showroom based on the city or region. Following is the approximate city-wise price list for the variants.
Unique Selling Points: Honda CB500X Bike Features
The Honda CB500X has many stand-out features that serve as its core USPs. These include
Mass centralised design for seamless steering and handling
Long-travel front suspension of 41mm
Tall windscreen for supreme wind protection
Lightweight yet durable multi-spoke alloy wheel
Long and comfortable rider and pillion seat for maximum comfort
Pro-link rear suspension with 9-stage string preload
Dual-channel ABS for less slipping and better grip
Full-body LED lighting setup in headlamps and rear lamps
Honda ignition security suspension
Emergency stop signal
Advanced instrument cluster with display LCD metre
Competitors of Honda CB500X
The Honda CB500X is a powerful contender in the street/ sports bike department priced in the luxury range segment. However, it is not free from rival bikes. The competitors of the Honda CB500X include
Benelli TRK 502X
Suzuki V-Strom 650 XT
Benelli TRK 502
Moto Morini X-cape
KTM 390 Adventure
BMW G 310 GS
Kawasaki Versys 650
Benelli Leoncino 500
Kawasaki KX 100
Kawasaki KLX 140
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
What is the benefit of buying bike insurance online?
Buying your insurance online saves you a lot of time and effort, but what you may not know is that buying your insurance online also saves you money. You can get large discounts when you buy your insurance online.
What is the fine for driving my bike without bike insurance?
The fine for driving your bike without insurance as per the new rules is ₹2000 at the first instance and ₹4000 after that. You could even lose your licence or face imprisonment if you are a repeat offender.
What is the easiest way to calculate my bike insurance premium?
The easiest way to calculate your bike insurance premium is by using a bike insurance calculator. You will need to input the variables in question and click on ‘Get Price’. You will then be able to see an estimate of your insurance premium.
How to go about making my bike insurance claim online?
To claim your policy online,
Go to our website and select ‘Claims’. You will then be asked to fill in your mobile number and select ‘confirm’.
You will then have to fill in the details, like your personal information, registration details, FIR details, if applicable, policy number, etc. After you have filled these out, click ‘Submit’.
A surveyor will be sent from our end to check on your bike. After they check your bike for damages, it will go to a network garage for repairs.
Your bike will be sent back to you post repairs, and you will not have to make any repairs for the same.
What happens if my insurance policy expires? What are the next steps?
When your two-wheeler insurance policy expires, you will get a grace period of 60-90 days to renew your insurance policy. Riding without a valid insurance policy for bikes in India is a punishable offence, so you should renew it before it nears the date of expiry. If you fail to renew your policy within the grace period, you may lose your NCBs which, in turn, can increase the premium amount.
Whom should I approach in case of any query or complaint regarding my Honda two-wheeler insurance policy?
If you have any queries regarding your Honda insurance policy, you can reach us at our toll-free number, 1800-266-7780. You can also contact us on WhatsApp (+91-9136160375). or email us at email@example.com. Our customer support executives are available 24x7, and our team of experts is ready to guide you at every step.
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.