Honda SP160 Insurance
Honda SP160 Insurance
The Honda SP160 is a sports commuter motorcycle built for city roads. It is very comfortable and boasts an efficient pickup and braking system. Its fuel efficiency and sharp looks make it one of the favourites in the 160 cc segment.
Honda designed this bike to handle the challenges posed by the not-so-ideal Indian road conditions and unpredictable weather. While the bike can help you navigate city roads, without a bike insurance policy, you won’t be able to enjoy its features at all. A comprehensive bike insurance policy offers financial protection from accidents and damages while on the road.
Tata AIG understands that every bike owner has a specific way of using the vehicle and unique insurance requirements. Hence, we offer comprehensive insurance for 2 wheelers with add-on covers to customise the policy as per individual needs.
Read on to find out more about the features and benefits of Tata AIG’s Honda SP160 insurance policy.
Purchase/Renew Honda SP160 Insurance with Tata AIG
Honda SP160 Insurance Online Buying Process
Go to our official website at www.tataaig.com.
Visit the Bike Insurance page.
Enter the registration number of your Honda SP160 and click on “Get Price.”
Fill out the insurance application form correctly.
Upload the KYC and other documents requested by our site.
Choose the add-on covers based on how you would want to customise the Hero SP 160 insurance policy.
Pay the premium online.
We will verify your application and send a soft copy of the policy once it is approved to your registered mobile number and email ID.
Honda SP160 Insurance Renewal Process
Visit our website and navigate to the Bike Insurance page. You can renew your existing Tata AIG as well as any other provider’s policy with us.
Enter the registration number of your bike and click on “Renew.”
Fill out the renewal form with details about the policy that you wish to renew, along with information about the claims filed to avail of any applicable No Claim Bonus.
Add or remove add-on riders based on your customisation requirements.
Pay the renewal premium online.
Receive the soft copy of the Honda insurance policy at your registered email address and mobile number.
Remember:
The default term for comprehensive insurance for bikes is one year. However, you can opt for Tata AIG’s long term two wheeler insurance policy with terms up to 2-3 years. This can rid you of the hassle of renewing your policy every year.
Honda SP160 Insurance Cost/Price: What is the Premium for Honda Bike Insurance
The premium or the Honda bike insurance price is an important factor for bike owners when they start looking for a policy.
If you are purchasing a third-party liability-only Honda two wheeler insurance policy, then you don’t have to worry about high premiums since the IRDAI regulates the rates across insurers. The third-party premium rates are announced annually by the IRDAI based on the engine's cubic capacity.
However, if you are planning to opt for a comprehensive policy, then the insurer determines the premium. The premium of comprehensive policies is calculated by considering numerous factors, including the type of bike, its age, Insured Declared Value, deductibles, add-ons, etc. Hence, it is important to consider all these aspects to understand the premium calculation.
Also, apart from looking at the Hero SP 160 insurance price, consider the features, quality of service offered, and claim settlement processes carefully. Remember, you buy insurance to offer protection during exigencies. Hence, you need to buy one from a reliable and reputed insurance company.
Tata AIG is a popular and trusted name in two-wheeler insurance in India. You can use our online two-wheeler insurance calculator to determine the premium for your comprehensive Honda SP 160 bike insurance policy.
Add-Ons for Honda SP160 Insurance by Tata AIG
While add-on covers increase the overall premium of the policy, they can save you a lot of money and stress if chosen right. All add-ons might be beneficial to all bike owners. Hence, you need to understand your insurance needs and then customise the comprehensive policy using add-ons. Here are some unique add-on covers offered by Tata AIG:
Additional Personal Accident Cover to cover injuries, disability or death of the owner-driver caused while driving the vehicle
Additional Third-Party Property Damage to cover third-party liabilities over and above the base policy.
Depreciation Allowance/Zero Depreciation Cover to negate any depreciation-based deduction on damaged car parts when filing a claim
Return to Invoice Cover to receive the invoice value of the bike without any deduction in case of total loss of the bike
Consumables Cover to cover consumables like lubricants, engine oil, screws, bolts, nuts, etc.
Roadside Assistance Cover to include emergency assistance in the policy if you meet with an accident or your bike breaks down
Emergency Medical Expenses to cover any ambulance and emergency medical costs in case of any accidents for both the owner-driver and pillion rider
Inclusions and Exclusions Under Tata AIG’s Honda SP160 Insurance
** Honda Bike Insurance Inclusions**
| Third-Party Liability cover | As mandated by the Motor Vehicles Act, the Honda SP160 insurance policy includes coverage for third-party liabilities. This includes damages to third-party property and/or injuries to third-party person(s). |
|---|---|
| Own Damage Protection | The policy also includes coverage for damages to the insured bike due to: · Accidents or collisions · Fires · Theft · Natural Calamities like floods, earthquakes, etc. · Man-made Disasters like riots, acts of terror, etc. |
| Total Loss Cover | If your car is damaged more than 75% in an accident or stolen, then it is declared as a “total loss”. In such cases, you can get the sum insured as reimbursement from your Honda bike insurance policy |
| Personal Accident Coverage (For the Owner-Driver) | If the owner-driver is injured in an accident involving the insured bike, then the policy covers the cost of treatment and hospitalisation (up to Rs.15 lakh). If the owner-driver dies due to the accident, then the nominee receives the amount as compensation |
| General Wear and Tear | Vehicles go through wear and tear with time. Damages to the bike due to wear and tear are not covered under the policy. |
|---|---|
| Racing and Speed Trials | If you use your Honda SP160 for speed testing or racing and meet with an accident or get into a collision, then the damages caused to your bike are not covered |
| Breaches of the Law/Policy Term Violations | If you are in breach of the traffic laws or policy terms while riding your bike, then you will not get coverage for any damages caused to your bike |
| Commercial Usage | You can register your bike for personal or commercial use. Policy premiums are determined accordingly. Hence, if your bike is registered as a personal vehicle and is used for commercial purposes, then damages sustained during that time are not covered |
Reasons to Buy Tata AIG Honda Bike Insurance
Tata AIG has earned the reputation of being a trustworthy insurance partner for thousands of bike owners across the country.
While there are many aspects behind the popularity of Tata AIG in bike insurance, here are some reasons why you should consider buying Tata AIG Honda bike insurance:
A name synonymous with Trust: Tata AIG has a long history of providing quality insurance plans and following customer-centric processes. We are a well-respected name in bike insurance and strive hard to keep our processes simple and transparent.
Network Garages and Cashless Claims: With 7500+ network garages all over the country, you can be assured of quick and seamless cashless claims no matter which part of India you are in.
Hassle-free Claim Settlement: We have laid down efficient processes to assess and manage claims as quickly as we can. This is evident in a high claim settlement ratio of 99% in FY 2022-23. With Tata AIG, you can expect your claim requests to get settled quickly (provided all documents are in place).
Dedicated Customer Support: Whether you have a question while applying for a policy or need assistance in filing a claim, our dedicated team of customer service professionals is available around the clock to help you get answers.
Honda SP160: Overview and Unique Selling Points
SP in Honda SP160 stands for Smart Power. It is also known as ESP or Enhanced Smart Power. This is a technology developed by Honda to optimise fuel efficiency and performance by reducing friction. The latest offering in the SP series, the Honda SP160, is a 160-cc powerful motorcycle that fuses utility and sportiness in a handsome package. Here are some USPs of the bike:
Unique Selling Points of the Honda SP160
Good Looks: Honda has used the platform of its popular Unicorn motorcycle and design elements from the Honda SP125. A muscular fuel tank, all-LED headlamp, and sharp lines make it a head-turner on Indian roads.
**Engine: It is driven by a 162 cc air-cooled single-cylinder engine. It delivers a torque of 14.6 Nm and an output power of 13.5 horsepower. It can accelerate from 0-100 kmph in nearly 16 seconds and clock a top speed of 110-115 kmph.
Advanced Comfort and Convenience: The Honda SP160 is loaded with features to boost comfort and convenience, including:
An Engine Stop Switch that allows you to stop your bike by just flipping a switch
A Hazard Switch that illuminates the path ahead and turns on the indicator lights. It can be very handy in emergencies
Monoshock Suspension for stability and excellent riding comfort
Digital Metre: It provides information about mileage, fuel consumption, servicing of the vehicle, and gear position.
Honda SP160: Variants and Prices
| Honda SP160 Variants | Ex-Showroom Price (Mumbai) |
|---|---|
| Honda SP160 Single Disc | ₹1,17,500 |
| Honda SP160 Double Disc | ₹1,21,900 |
Disclaimer: These prices were taken from this website on 25/11/2023 at 10:00 PM IST. Since prices are subject to change, we recommend checking your city’s current ex-showroom price before buying.
Top 5 Competitors of the Honda SP160
| Competitor Bike Name/Model | Ex-Showroom Price (Delhi) |
|---|---|
| Yamaha FZS V4 Deluxe | ₹1,29,400 |
| Suzuki Gixxer 150 | ₹1,40,900 |
| Hero Xtreme 160R | ₹1,24,986 |
| TVS Apache RTR 160 2V | ₹1,19,420 |
| Bajaj Pulsar P150 | ₹1,16,755 |
Disclaimer / TnC
Your policy is subjected to terms and conditions & inclusions and exclusions mentioned in your policy wording. Please go through the documents carefully.
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Q1. Does the Honda SP160 have abs?
Q1. Does the Honda SP160 have abs?
Yes, the Honda SP160 comes loaded with an Anti-Braking System (ABS)
Q2. What is the mileage of the Honda SP 160?
The claimed ARAI mileage of the Honda SP160 is 50 km/l.
Q3. What steps should I take in case of theft of my Honda SP160?
If your bike is stolen, then the first thing you should do is file a police complaint. This should be a First Information Report or FIR. Get a copy of the FIR from the police station. Call your insurance provider and inform them about the theft of the vehicle. Talk to them about the claim process and the documents they would need to approve your claim. Follow up with the police station regularly until you get a report from them confirming the theft of your bike.
Q4. Does the location where I use my Honda SP160 impact insurance premiums?
Yes, the location where the bike is being driven and parked can play a role in the calculation of the premium of your bike insurance policy. If you drive regularly through high-traffic areas or accident-prone zones, then the premium can increase. Also, if you park your bike in an area where theft rates are high, the premium will increase.
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