Honda CBR 650R Insurance
Honda CBR 650R Insurance
Successor to the much loved CBR 650F, Honda CBR 650R is the latest middle-weight bike offered by Honda. The all-new CBR 650R has recently been launched in January 2022 with subtle upgrades in design and a hike in price.
CBR 650R is a sport tourer which is a perfect fit for bike enthusiasts. With sharp new styling, pushed performance, and a powerful engine, the CBR650R is the choice for many. No one can resist turning their heads when CBR650R blasts through the roads with its sporty looks and thrilling sound. While the earlier models are now discontinued, the price of the 2022 version starts from ₹9.34 lakhs in India.
It is commonly known that third-party bike insurance is mandatory in India. However, a performance-driven and expensive bike like CBR650R needs more than that. Let’s discuss what types of two-wheeler insurance are available in the market.
Types of Two-Wheeler Insurance
Two-wheeler insurance is an agreement between a vehicle owner and the insurance provider where the insurer promises to compensate for the losses arising out of third-party damages or own damages. In return, the vehicle owner has to pay premiums regularly.
It is an efficient tool to stay financially secure if your precious Honda CB is damaged or you get injured while riding it. Not only this, but it also compensates for third-party damages or injuries.
Thus, considering the ever-increasing traffic on the road, thefts and natural disasters, it is crucial to protect your bike from unforeseen damages.
Three types of two-wheeler insurance policies are available:
Third-Party Liability Cover
The most basic two-wheeler insurance policy is a third-party liability cover, which is mandatory as per the Motor Vehicle Act, 1988. Third-party motor insurance covers legal and financial liabilities arising out of third-party injuries/death or property damages. It means you can avail of compensation in case you injure a third party or damage his/her property.
A comprehensive insurance policy provides extensive coverage for your two-wheeler from several damages due to accidents, natural disasters, riots, strikes, vandalism, theft, and much more. While the policy covers financial and legal liabilities arising out of third-party injuries or damages, it also includes a Personal Accident Cover up to ₹15 Lakhs.
Not only this, but if your bike is stolen or damaged beyond repair, the insurance provider will reimburse the loss based on the bike’s IDV (Insured Declared Value).
Standalone Own-Damage Cover
Another two-wheeler insurance is own-damage cover where you can avail of compensation for your losses too. This policy covers damages caused due to accidents, vandalism, riots, theft, fire and explosion and damages beyond repair. However, an own-damage policy does not cover third-party damages, damages due to driving while drunk or without a licence, or mechanical and electrical breakdowns. With all that said, there is one caveat! You can only have standalone OD coverage with mandatory third-party insurance.
Among all three, only the comprehensive two-wheeler insurance policy can have the bundled benefits of both third-party insurance and standalone OD coverage.
Tata AIG offers all three types of two-wheeler insurance policies and also allows you to choose from the 7 unique add-on covers to ensure the maximum security of your Honda bike. You can buy or renew a suitable bike insurance policy with Tata AIG by following the steps below.
Honda CBR 650R Insurance Renewal/Buy via Tata AIG
You can buy suitable insurance for two-wheelers with Tata AIG through offline and online modes. To buy or renew the policy offline, you can visit the nearest Tata AIG office, where an insurance expert will guide you through the process and documentation.
However, to purchase or renew bike insurance in a hassle-free manner, you can follow the simple steps and get your Honda two-wheeler insurance online instantly.
Visit the Two-Wheeler Insurance page on the Tata AIG website
Enter the registration number of your Honda CBR 650R
Click “Get Price” if you wish to buy a new policy or “Renew” for a Honda bike insurance renewal
Fill out the form and get your two-wheeler insurance quote
Choose the appropriate IDV or Insured Declared Value from the list given
Don’t forget to inform Tata AIG about any past claims. If there are no past claims, you can avail of a No Claim Bonus
After providing the information about the IDV and past claims, the premium for your Honda bike insurance will be displayed
To buy extra riders for your two-wheeler, you can pick from the add-on options and proceed with the payment
Once the payment is made, Tata AIG will send you a copy of your Honda insurance policy via email
Honda CBR 650R Insurance Price– Your Premium Amount
The Honda CBR 650R insurance cost depends on its Insured Declared Value (IDV). Insured Declared Value is the market value of your two-wheeler that the insurance company pays in case it is stolen or damaged beyond repair. Here is a table showing how IDV is calculated after considering the depreciation of your bike over the years.
|Less than six months||0.05|
|More than 5 years||Decided by the insurance provider and bike owner|
While calculating the IDV of your CBR 650R, Tata AIG considers several factors like its make and model, its age, rider’s age, registration city, type of use and fuel, cubic capacity, etc.
Now that you know how the IDV of a two-wheeler is calculated, you must also get a quote for your Honda two-wheeler insurance.
You can know your Honda bike insurance price by using Tata AIG’s online bike insurance calculator. This online tool helps you compare two-wheeler insurance policies and buy the most affordable plan. You can also visit a local dealer to know your Honda IDV.
Also, it is to be noted that the premium rates for third-party insurance for two-wheelers depend on the IRDAI guidelines. The policy prices are standardised that is based on the vehicle’s engine cubic capacity.
Add-ons for Honda CBR 650R Insurance by Tata AIG
Considering the expensive accessories and rising thefts, comprehensive insurance may not suffice for expensive bikes like CBR 650R. Hence, it is advisable to enhance your CBR 650R insurance coverage with the help of add-on covers to give it an added layer of protection.
Tata AIG offers 12 unique add-on covers that are as follows:
No Claim Bonus Protection
Zero Depreciation Cover
Roadside Assistance Cover
Repair of Glass, Fibre and Plastic Parts
Daily Allowance Cover
Emergency Transport & Hotel Expense Cover
Loss of Personal Belongings
Return to Invoice Cover
[Note: Tata AIG believes in transparency and helps its customers make informed decisions. So, you must know that each add-on cover comes with additional costs and raises the bike insurance premium. So, before adding the riders, you should evaluate your Honda bike insurance needs. ]
Things Covered and Not Covered under Tata AIG’s Honda CBR 650R Insurance
Before buying comprehensive insurance for your prized possession, you must know the several inclusions and exclusions under it. Here is a table that will help you understand what is covered and what is not under your Honda bike insurance:
|Less than six months||0.05|
|More than 5 years||Decided by the insurance provider and bike owner|
Why is it Important to Have Tata AIG for Your Honda CBR 650R Insurance?
Here’s why you should choose Tata AIG for your Honda CBR 650R:
Tata AIG is trusted by 5 crore happy and satisfied customers and has been preserving millions of dream vehicles for over 20 years.
We believe in providing quality services to our customers and helping them make the best choices for their prized possessions.
At Tata AIG, you can purchase/renew suitable insurance policies for your Honda bike in a hassle-free manner and pick from the riders to enhance its protection.
Also, by purchasing bike insurance from Tata AIG, you can ensure a hassle-free and quick claim settlement process through our extensive network of cashless garages.
As the claim settlement ratio is a crucial aspect when choosing an insurance provider, Tata AIG is proud to have a 98% claim settlement ratio for FY 2020-21.
Overview – Honda CBR 650R Model
Similar to the 2021 model, the all-new Honda CBR 650R continues to be equipped with a twin-pod headlight, full-fairing design, muscular fuel tank, split-style seats and fairing-mounted rear view mirrors. The new model is offered in two different colours- Gunpowder Black Metallic and Grand Prix Red. While Grand Prix Red has a red body with black graphics, Gunpowder Black Metallic comes with orange stripes on a black finish.
Other features of the Honda CBR 650R include:
Liquid-cooled, 4-stroke single cylinder engine
Engine displacement of 648.72 cc
Maximum power of 87.01 PS at 12000rpm
Maximum torque of 57.5 Nm at 8500rpm
BS 6 emission type
Petrol fuel type
Fuel capacity of 15.4 litres
6-speed manual transmission
Dual channel ABS
Disc brakes at front and rear
LED tail lights and turn signal lamp
Kerb weight 211kgs
Tubeless tyres and alloy wheels
Honda CBR 650R Price and Variants
Honda CBR 650R comes in one variant, the price of which starts from ₹9.34 lakhs.
Unique Selling Points: Honda CBR 650R Features
It is an engine that defines a motorcycle, and the same is with CBR 650R. The inline-four engine makes Honda CB smoother and faster to ride, offering great low to midrange torque. If you slip on a muffler, the engine sound would be a symphony to your ears.
The Honda Selectable Torque Control System (HSTC) allows you to handle the bike with ease during rough riding conditions. The technology helps optimise the rear wheel torque by adjusting engine power, thus preventing the slipping of the rear wheel. The best part is that you can turn the system on and off with the help of a handlebar-mounted button.
The radially-mount front brakes, on the other hand, allow easier modulation of the bike’s stopping power.
Honda CBR650R is an engineering marvel. It is built on a twin-spar frame and has a four-into-one exhaust system. While the twin-spar frame helps make the bike light and manoeuvrable, the four-into-one exhaust provides power and style.
The dynamic looks of the Honda CBR 650R are perfectly carved to give it a sporty look. Moreover, this Honda beauty is comfortable for different journeys from daily commuting to mountain carving to long tours.
Rivals of Honda CBR 650R Bike
Some of the rival bikes of Honda CBR 650 R are as follows:
Triumph Street Triple R
Triumph Trident 660
Kawasaki Ninja 650
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 top speed and mileage of the Honda CBR 650R?
While the top speed of the Honda CB is 144kmph, it offers a mileage of 20-25kmpl.
Is the Honda CBR 650R good for touring?
The bike is suitable for daily commuting and touring and is popular amongst those who like highway riding and sporty experiences.
Does Honda CB have traction control?
Honda CBR 650R has a traction control system provided by the Honda Selectable Torque Control (HSTC) that can be switched on and off with the help of a handlebar-mounted switch.
How to raise a claim for two-wheeler insurance?
To claim your two-wheeler insurance, follow the simple steps:
Call on 1800- 266-7780 or visit the “Claims Support” page on the Tata AIG website.
Now fill in the required information.
You will receive a link on your registered mobile number for self-inspection.
Fill in the correct details about the two-wheeler damages in the self-inspection form.
A surveyor will also visit to inspect the insured two-wheeler.
Make a cashless claim at the network garages or ask for reimbursement for the damages.
Submit the following documents to file a claim: Claim form, FIR if present, address and identity proofs, and insurance policy documents.
You can also track the claim settlement process online.
After examining your claim, Tata AIG will approve and settle it.
How to use a two-wheeler insurance premium calculator?
To calculate the premium for your two-wheeler insurance, you must follow the steps below:
Visit the Two-Wheeler insurance page on the Tata AIG website
Provide your bike registration number in the calculator
Click “Get a Price” for a new policy issue or “Renew” for bike insurance renewal
Provide the information requested and click “See Price”
The bike insurance calculator will now display the correct premium for your bike insurance
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.