Best Bike Insurance Plans in India for 2025

Owning a bike in India is more than a lifestyle choice, it is a necessity. From beating traffic jams to enjoying long rides, a two-wheeler makes life convenient. But along with the joy of riding comes the responsibility of protecting your vehicle from accidents, theft, or unexpected damages. That is where bike insurance steps in.

As we move into 2025, several leading insurance companies are offering upgraded, tech-enabled, and customer-first bike insurance plans. This guide provides a detailed look at the best bike insurance plans in India for 2025, based on coverage, claim settlement ratio, and value for money, helping you make an informed and confident decision.



What Is Bike Insurance and Why You Need It

Bike insurance is a contract between you and your insurer, ensuring financial protection against damage, loss, or third-party liabilities involving your two-wheeler.

Under the Motor Vehicles Act, 1988, every vehicle owner must hold at least a third-party insurance policy to ride legally. However, a comprehensive bike insurance policy offers better protection, covering both own damage and third-party liability.

Key Reasons to Have Bike Insurance:

  • Legal Compliance: Mandatory by law in India.
  • Financial Security: Covers accident, theft, or damage costs.
  • Personal Protection: Includes personal accident cover for the rider.
  • Peace of Mind: Handles unexpected repair bills and liability issues.
  • Add-On Flexibility: Customizable with covers like zero depreciation and roadside assistance.

Types of Bike Insurance Plans

1. Third-Party Bike Insurance

Covers damage to another person, vehicle, or property. It is legally mandatory and suits those with older bikes or minimal usage. However, it doesn’t cover your bike’s own damage.

2. Comprehensive Bike Insurance

Offers complete coverage, including own-damage, third-party liability, theft, fire, natural disasters, and personal accident cover. It also allows adding riders for extended benefits.

Top 10 Best Bike Insurance Plans in India for 2025

Here’s a curated list of the top-performing bike insurance providers in India for 2025, ranked based on claim settlement ratio, digital convenience, add-ons, and customer satisfaction.

1. ICICI Lombard Bike Insurance

  • Claim Settlement Ratio: 98.2%
  • Highlights: Instant online policy issuance, zero depreciation cover, cashless network of 4,000+ garages.
  • Why Choose: Quick claim settlement and trusted brand reliability.

2. HDFC ERGO Two Wheeler Insurance

  • Claim Settlement Ratio: 97.9%
  • Highlights: 24x7 roadside assistance, long-term renewal options, and paperless claims.
  • Why Choose: Great digital experience and customer support.

3. Bajaj Allianz Bike Insurance

  • Claim Settlement Ratio: 98.0%
  • Highlights: No Claim Bonus (NCB) up to 50%, wide garage network, and easy renewals.
  • Why Choose: Affordable premiums with reliable service.

4. Tata AIG Two Wheeler Insurance

  • Claim Settlement Ratio: 98.1%
  • Highlights: Add-ons like engine protection and consumables cover.
  • Why Choose: Comprehensive coverage from a reputed insurer.

5. Reliance General Bike Insurance

  • Claim Settlement Ratio: 96.5%
  • Highlights: Quick claim registration, multiple policy options, and 24x7 assistance.
  • Why Choose: Value-for-money plans and fast digital claims.

6. New India Assurance Two Wheeler Policy

  • Claim Settlement Ratio: 97.2%
  • Highlights: Government-backed insurer with wide coverage.
  • Why Choose: Trusted for decades and ideal for first-time buyers.

7. Digit Bike Insurance

  • Claim Settlement Ratio: 97.3%
  • Highlights: Fully digital inspection, quick processing, customizable add-ons.
  • Why Choose: Tech-savvy riders love its transparency and ease of use.

8. Royal Sundaram Bike Insurance

  • Claim Settlement Ratio: 96.9%
  • Highlights: Long-term coverage, NCB protection, and accessory cover.
  • Why Choose: Reduces renewal hassles with long-term policies.

9. SBI General Bike Insurance

  • Claim Settlement Ratio: 97.4%
  • Highlights: Extensive network of garages, easy renewals, and trusted brand.
  • Why Choose: Perfect blend of affordability and service.

10. Future Generali Bike Insurance

  • Claim Settlement Ratio: 96.7%
  • Highlights: 24x7 claims support and instant online renewal.
  • Why Choose: Competitive premiums and user-friendly interface.

Key Factors to Consider Before Buying Bike Insurance

When choosing the best bike insurance plan, consider these crucial aspects:

  1. Coverage Type: Choose comprehensive plans for maximum protection.
  2. Claim Settlement Ratio: Higher CSR means better reliability.
  3. Network Garages: Ensures cashless repairs near your location.
  4. Add-On Riders: Include covers like zero depreciation, engine protection, and roadside assistance.
  5. No Claim Bonus (NCB): Avail up to 50% discount for claim-free years.
  6. Customer Support: Opt for insurers offering 24x7 assistance and digital support.

Top Add-On Covers for 2025

Boost your coverage with these essential add-ons:

  • Zero Depreciation Cover – Full claim without depreciation cuts.
  • Roadside Assistance Cover – Immediate help during breakdowns.
  • Engine Protection Cover – Covers oil leakage or water damage.
  • Consumables Cover – Includes nuts, bolts, oils, etc.
  • Return to Invoice Cover – Get invoice value if your bike is stolen or totaled.

How to Buy Bike Insurance Online in 2025

Buying or renewing bike insurance online is simple and quick.

Step 1: Visit the insurer’s official website or a trusted aggregator.
Step 2: Enter your bike details – registration number, make, model, and year.
Step 3: Compare quotes and policy features.
Step 4: Choose add-ons based on your needs.
Step 5: Make secure online payment via UPI, credit/debit card, or net banking.
Step 6: Get your e-policy instantly on email or SMS – paperless and instant!

Conclusion

The right bike insurance plan ensures that you ride worry-free and stay financially protected. With new-age insurers offering digital services, instant claims, and customizable add-ons, 2025 is the perfect year to upgrade or renew your two-wheeler policy.

Compare options, read policy terms carefully, and always prioritize coverage over cost. A well-chosen plan, such as those available through Square Insurance, ensures peace of mind and protection, so your only focus remains on enjoying every ride.

Frequently Asked Questions (FAQs)

1. Which is the best bike insurance company in India for 2025?

Top insurers like ICICI Lombard, HDFC ERGO, Bajaj Allianz, and Tata AIG are leading in 2025 with high claim settlement ratios and comprehensive coverage options.

2. Is third-party insurance enough for my bike?

It fulfills legal requirements but does not cover own damages. A comprehensive plan offers complete protection and is strongly recommended.

3. How can I renew my bike insurance policy online?

You can renew your policy by visiting the insurer’s website, entering your bike number, selecting your plan, and paying online. The renewed e-policy is issued instantly.

4. What is a No Claim Bonus (NCB)?

NCB is a reward for claim-free years, offering up to 50% discount on premiums during renewal. You can transfer it even when you switch insurers.

5. What are the most useful add-ons for bike insurance?

Zero depreciation, roadside assistance, engine protection, and return to invoice are the most valuable add-ons to enhance your policy coverage.

 

Location: 506, 5th floor, Trimurty's V-Jai City Point, WR73+2MR, Ahinsa Cir, Patrakar Colony, C Scheme, Ashok Nagar, Jaipur, Rajasthan 302001, India

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