Driving a bike is no longer a matter of lacking the affordability for four wheelers but is more a matter of style and convenience. Insurance of any bike on road is mandatory by Motor Act law of India. The owner or the driver of the bike needs to always carry the copy of the papers of insurance to the be checked by the appropriate authority. The insurance companies offer a number of policies on their websites. Their offerings can be compared through study of websites of different insurance companies or by browsing websites that offer comprehensive comparisons of the insurance policies of the various insurance companies. These websites display some facts about bike insurance through easy pointers or through diagrammatic charts.


Some facts about bike insurance are discussed as below:

1. Insurance companies have offered easy calculation options of the premium to be paid on renewal of bikes through the premium calculator tools on their websites.
2. There are two main categories of the two wheeler insurance policies and each of these can be renewed online:
i.   Third Party Insurance: It offers financial safety to the owner of the bike against any sort of damage of property of the third party or against any loss of life or physical damage to third party by the bike. It does not offer any financial security for any physical harm to the insurer or his bike.
ii.   Comprehensive Insurance Policy: It offers financial safety coverage to the bike owner or driver against the third party liability and also against natural or man-made emergency to his bike. It offers financial security to the owner or the driver against any physical injury or loss of life.
3. Renewing bike insurance online is hassle-free as it allows to choose preferred workshops for cashless service repairs in case of claims.
4. Bike insurance is renewed on basis of No Claim Bonus, IDV of the bike, cubic capacity of bike, zone of registration of bike, date of purchase of the bike and level of ownership of bike.
5. Online bike insurance renewal allows to renew expired two wheeler insurance policy without any penalty charges for delay in renewal. The bike insurance is instantly renewed without any inspection and document submission. Previous policy details of the bike are not required if the policy has expired for more than three months.
6. Queries related to renewal of bike insurance can be cleared by calling the customer care department of the insurance companies.
7. Online renewal of bike insurance saves time and the cost of travelling to the insurance agent’s office or to the office of insurance company.
8. Online renewal of bike insurance allows the owner of the bike to get the receipt of insurance instantaneously which he can print and secure to carry while travelling.
9. Renewing the insurance of the bike through online means once helps as it intimates the owner of the bike through reminder messages for renewing the insurance just before the date of expiry of the insurance policy.