HDFC Ergo Bike Insurance Online

Two-wheeler insurance is not only mandated by law but can also help you stay protected on-road and off-road. Broadly, there are three types of two wheeler insurance plans - third-party insurance plans, own-damage insurance plans and comprehensive insurance plans.

Though only a third-party insurance plan is mandated by law, many bike owners choose to purchase a comprehensive insurance plan or an own-damage cover as well to add an additional layer of protection. 

HDFC ERGO is one of India’s leading bike insurance providers. They offer all three types of insurance plans, along with a wide range of add-ons to ensure that you’re adequately protected. 

These are the different types of HDFC ERGO bike insurance plans available: 

1. Comprehensive Two-wheeler Insurance

Your bike will be secured against fire, theft, natural or man-made disasters with a comprehensive insurance plan. You can also enjoy cashless repair options at a wide range of network garages all across the country.

2. Third-party Cover

Your bike will be protected against third-party liabilities such as bodily injuries, property damage and accidental death. 

3. Standalone Own-damage Cover

A own-damage cover protects your bike against damages caused to your bike by you. 

4. Cover For Brand New Bikes

This is a specialised insurance cover offered by HDFC ERGO. Under this policy, you get one year coverage against damage to your own bike. You get a five year cover against damages to a third-party person or property.

You may purchase an HDFC ERGO Bike Insurance on Bajaj Markets by following these steps: 

• Step 1: Go on the bike insurance premium calculator page.  

• Step 2: Enter in relevant information regarding your bike. This will include your bike’s make, model, registration number, etc. 

• Step 3: Choose a plan that suits your needs. 

• Step 4: You may also add any required add-ons at this stage. 

• Step 5: Make the premium payment and you’re done!

Here are some of the key features of HDFC ERGO Bike Insurance plans:

• Affordable premiums

• 2000+ cashless garages 

• Emergency roadside assistance

• Up to ₹15 lakhs

Here’s a table showing some of the inclusions and exclusions under the HDFC ERGO Bike Insurance plans: 

Here are some factors that affect HDFC ERGO Bike Insurance price:

1. Type of Insurance Policy 

While a third-party insurance is legally mandated, the decision to purchase an own-damage cover or a comprehensive insurance plan is totally up to you. Purchasing these plans can add to the cost of purchasing insurance plans. However, they add an extra layer of protection and help keep you sufficiently protected. 

2. Type and Condition of the Bike 

Your insurance premium is largely dependent on the type of bike you own. Naturally, expensive bikes have higher premiums and vice versa. Your bike’s cubic capacity or cc has a significant impact on your premium amount. A bike with a low cc will have a lower premium amount when compared to a bike with a higher cc. Other factors such as your bike’s make, model, age, class, fuel type, place of registration, number of kilometres covered can all affect your HDFC ERGO bike insurance premium amount. 

3. Risk Evaluation Based on the Driver’s Driving History 

Insurance premiums are evaluated based on a number of factors such as age, experience and driving record. The insurer evaluates the risk profile of each owner-driver to determine the bike insurance premium. Generally, experienced drivers with a clean driving record get better premium quotes than inexperienced drivers. If you have a history of rash driving, then the insurer is likely to flag you as a high-risk driver and quote a higher premium amount. 

4. Add-on Covers 

While add-covers can help offer increased coverage, it’s important to keep in mind that they also drive up the overall cost of purchasing an insurance plan. Evaluate your needs and only purchase add-ons that are necessary. 

5. Modifications 

Modifications can be a fun and innovative way to improve your bike’s performance and aesthetics. However, it’s important to note that basic insurance plans do not cover modifications and you would be required to purchase additional covers to ensure that your bike is adequately protected. Having too many modifications will require you to purchase a number of different covers and this will drive up your insurance premium cost. So, if you wish to keep your insurance premium amount low, avoid unnecessary modifications. 

Here are some of the add-ons offered by HDFC ERGO Bike Insurance plan: 

1. Emergency Roadside Assistance Add-on Cover 

With HDFC ERGO bike insurance policy you can opt for Emergency Roadside Assistance add-on cover where your bike can be repaired anytime and anywhere.

2. Zero Depreciation Add-on Cover 

Depreciation refers to the decrease in value of your vehicle caused by regular wear and tear. Zero Depreciation bike insurance add-on cover is one of the most popular types of add-ons that bike owners choose to purchase. This add-on can be purchased with a standalone own damage bike insurance cover or a comprehensive bike insurance policy. You can purchase a Zero Depreciation add-on cover to compensate for the decrease in value caused by depreciation. With this add-on, your tyres, batteries and tubes are covered at 50% depreciation while all the other parts are insured at 100%.