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Ever since the COVID-19 pandemic, a large number of businesses have moved their processes online. The insurance industry is one such sector where companies have focused on moving their business online, as continued lockdowns across India have put a halt to in-person meetings.
However, buying insurance online can be a complex process for people who are not very tech-savvy. Many people are also sceptical about buying any goods or services online. In this article, we’ll list some tips that can be very helpful while buying bike insurance online.
While the above points will be helpful to buy bike or two-wheeler insurance online, you should also be aware of a few steps you can take to reduce your online bike or two-wheeler insurance premium cost.
Clean Driving Record
Individuals who have a clean driving record and no traffic offences will be able to get lower premium rates compared to people who have gotten into accidents or have multiple traffic offences. The reason people with clean driving records get cheaper premiums is that they are considered to be at a lower risk for accidents.
Install Anti-Theft Device on Your Vehicle
If you install an anti-theft device on your bike or two-wheeler, you will be eligible for a discount from your insurance company. An anti-theft device decreases the risk of theft, hence the insurance companies provide a discount. However, make sure the anti-theft device has been approved by the Automotive Research Association of India (ARAI).
No Claim Bonus
When you do not claim any amount on your bike insurance for the period of one policy year, you are eligible for a no claim bonus or NCB. Make sure you use your NCB to get reduced premium rates when renewing your policy. You can also get an NCB certificate from your insurance company if you are planning to move to a different insurance provider.
As insurance companies have taken their businesses online, getting a bike or two-wheeler insurance has become an easy and hassle-free process. If you are looking to buy a bike or two-wheeler insurance, you can check out the various bike insurance plans available on Bajaj Markets and take advantage of benefits such as 24x7 roadside assistance, swift claim process, affordable premiums and much more.
FAQs on Tips to Buy Bike Insurance Online
Is it safe to buy bike insurance online?
Yes, it is completely safe to buy bike insurance online as long as you are buying your policy from a reputed insurance provider.
What is the process for buying insurance online?
You can take a look at the insurance policies available from different companies and buy one from the website by providing all your details and making an online payment.
Which type of insurance is best for my bike?
A comprehensive insurance plan provides the best overall protection for your bike. In case you feel the need for additional cover, you buy add-on riders too, as per your needs.
Can I buy a bike without insurance?
As per the Motor Vehicles Act, 1988, all vehicle owners need at least third-party liability insurance, so you will need insurance at the time of driving your bike out of the bike dealership.
Is online bike insurance cheaper?
Yes, buying bike insurance online is generally cheaper than buying it in person, as there are no agent commission costs involved.
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