Many two-wheelers on Indian roads still don’t have valid insurance, putting their owners at serious risk. Third-party policies meet the legal requirement, but they barely cover anything beyond the basics. On the other hand, a comprehensive plan can save you from substantial costs for repairs and replacements. With everything now available digitally, getting or renewing bike insurance is simple, quick, and well worth doing.
Introduction
Many two-wheeler owners either ride without bike insurance or let their existing policies lapse. And they often do this without realising the risks involved. This may seem like a way to cut costs, but the impact of going uninsured can be profound. They can range from legal fines to major financial losses after an accident, theft, or natural disaster. A significant number of bikes on Indian roads remain uninsured despite the rise in road accidents and vehicle-related claims.
The Problem With Uninsured Bikes in India
India’s roads have become increasingly congested with each passing year due to the growing number of people who can afford two-wheelers. That is great news for mobility, but there is a flip side. According to a report by the General Insurance Council, over 60% of vehicles on Indian roads are uninsured, with the majority being two-wheelers. Back in 2015-16, only 8.26 crore out of around 19 crore registered vehicles were insured.
What is worse is that India records the highest number of road accidents in the world. In 2022 alone, nearly 75,000 two-wheeler users lost their lives. This accounted for 44.5% of the total 1.68 lakh road deaths that year. These aren’t just numbers, but real people, real families affected by something preventable.
Why Riders Still Avoid Insurance and Why That Is a Problem
Although third-party insurance is required by law, many riders opt out of it. Here is why:
- Some think it is just another expense they can dodge.
- Others buy insurance once and forget to renew.
- Many people don’t fully understand what the policy covers.
What Happens If You Ride Without Insurance?
Having insurance is not just about staying compliant. Let us understand what being uninsured can mean for you:
- Legal trouble: You could be fined ₹2,000 or even face up to 3 months in jail if you are caught riding without insurance. The fine can go up to ₹4,000 if it happens again.
- Personal financial risk: You will have to pay for everything yourself if you damage someone else’s property or injure them in an accident.
- Zero protection from theft or natural disasters: India’s weather can be unpredictable. Bike theft is also more common than most think. Having no insurance in these situations means no help.
What Are Your Two-Wheeler Insurance Options?
Insurance is about safeguarding yourself from everyday risks that come with owning a two-wheeler. Let us guide you through the two main types of coverage available in India, so you can choose the one that best suits your lifestyle and vehicle.
1. Third-Party Bike Insurance: Basic but Mandatory
Third-party insurance is the most basic form of bike insurance, and it is also compulsory under Indian law. You could face fines or even legal trouble if traffic police stop you without it.
This type of insurance protects other people. Your insurance will cover the costs up to a set legal limit if you are involved in an accident situation that causes injury to someone or damages their vehicle.
What it does not cover:
- Damage to your own bike
- Theft or loss of your vehicle
- Natural disasters like floods or earthquakes
- Any hospital bills or medical treatment for your injuries
Third-party insurance works if your vehicle is old, rarely used, or if you are simply trying to meet legal requirements on a tight budget. However, it leaves many aspects uncovered in most real-life situations, especially in crowded urban areas or during unpredictable weather.
2. Comprehensive Bike Insurance: Protection That Actually Protects
If third-party insurance is the legal minimum, comprehensive insurance is what gives you true peace of mind. It includes everything that third-party cover offers, and then goes a step further by also protecting your bike.
This kind of policy covers:
- Damage from accidents, even if it is your fault
- Theft or total loss of the vehicle
- Damage that results from natural calamities like floods, storms, landslides, and fires
- Vandalism and man-made incidents
Additionally, you can customise your plan with add-ons. Some of the most popular extras include:
- Zero depreciation cover for the full claim value without deduction
- Roadside assistance
- Engine and tyre protection
- Key and lock replacement
Comprehensive insurance makes far more sense if your bike is relatively new, parked in open areas, or your daily companion on long commutes. The premium is slightly higher than a basic policy. However, it also means you are not stuck with massive repair or replacement bills when something goes wrong.
How to Buy or Renew Two-Wheeler Insurance Online
If the idea of buying or renewing bike insurance feels like a hassle, you will be relieved to know the whole process is now incredibly simple and entirely online. There is no paperwork, no waiting in lines, and no middlemen. Here is how it usually goes:
- Visit an insurer’s website: Start by visiting the official website of a trusted insurance provider. Most have dedicated sections for two-wheeler policies.
- Fill in your bike details: You will be asked for basic information, such as your bike’s registration number, make, model, and a few personal details. Your old policy info might auto-fill if you are renewing.
- Choose your coverage type: You will have the option to select between third-party insurance or comprehensive coverage. You can also explore optional add-ons.
- Review the premium and payment options: You will see the premium amount once you customise your coverage. You can usually pay online instantly and sometimes even break it into interest-free instalments.
- Receive your policy instantly: The digital copy of your policy will be immediately shared with you via email or SMS once you make the payment. You will be good to go without any delays or printouts required.
Conclusion
Riding without bike insurance might not seem like a big deal until something goes wrong. A minor accident, a stolen vehicle, or damage from rain or floods can leave you with unexpected expenses and no financial support.
Many riders realise the value of insurance only after a loss. It is always better to consider comprehensive bike insurance as it makes a real difference. It gives you wider protection and covers your bike against accidents, theft, and natural damage. This is why it is worth taking a few minutes to get the right cover in place if you haven’t reviewed your policy in a while or don’t have one.
Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.
Angela Spearman is a journalist at EzineMark who enjoys writing about the latest trending technology and business news.
