Best Cheap Two Wheeler Insurance in India 2020

Our analysts have collected over 500 quotes from the top insurers in India to help you find the best and cheapest bike insurance policy for your motorcycle or scooter. The annual cost of two wheeler insurance depends heavily on the cylinder capacity of the bike you’re insuring, so we’ve analysed premium pricing for multiple bike makes and models to make the process easier and less stressful for consumers.


Two wheelers, including motorcycles, scooters and mopeds, make up nearly 75% of the vehicles on the road in India. At minimum, Indian law requires each bike to have an active third party insurance policy, but we strongly recommend a fully comprehensive policy for bike owners seeking an online policy.

The cost of a comprehensive two wheeler insurance premium depends heavily on the cylinder capacity, or "cc", of the bike. Policies for less powerful bikes with a lower cylinder capacity are cheaper than policies for bikes with a high cylinder capacity.


Best Cheap Two Wheeler Insurance Policies For Bikes Up to 200cc

{"items":["\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Image\" data-eventlabel=\"Reliance Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003E\u003Cimg alt=\"Reliance Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Button\" data-eventlabel=\"Reliance Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Image\" data-eventlabel=\"Reliance Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003E\u003Cimg alt=\"Reliance Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Button\" data-eventlabel=\"Reliance Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Bharti AXA Insurance - Image\" data-eventlabel=\"Bharti AXA Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Bharti AXA Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.bharti-axagi.co.in%252Ftwo-wheeler-insurance\"\u003E\u003Cimg alt=\"Bharti AXA Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Bharti AXA Insurance - 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Button\" data-eventlabel=\"Bharti AXA Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Bharti AXA Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.bharti-axagi.co.in%252Ftwo-wheeler-insurance\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Edelweiss - Image\" data-eventlabel=\"Edelweiss\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Edelweiss\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.edelweissinsurance.com%252Ftwo-wheeler%252Fsection%252Ftwo-wheeler-home\"\u003E\u003Cimg alt=\"Edelweiss\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/edelweiss-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/edelweiss-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/edelweiss-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Edelweiss - 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The best and cheapest two wheeler insurance policies in India were offered by three companies: Reliance General Insurance, Bharti AXA Insurance, and Edelweiss General Insurance. Using a new TVS XL Super STD as our model, we found that the average annual premium for bikes under 100cc is Rs. 1,777. These three companies offer comprehensive online plans starting at least 40% below the market average.

Annual Premium Prices: TVS XL Super STD
Annual Premium Prices: TVS XL Super STD

Reliance, Bharti AXA and Edelweiss also offer the cheapest premiums for the Hero Honda Splendor Plus, another sub-200cc bike but a more powerful model than the TVS XL Super STD. The average annual premium for the Splendor starts at Rs. 3,267, but these three insurers offer comprehensive online plans up to 68% below the market average. Consumers are also able to choose from a number of optional add-ons to further enhance the coverage on their bike.

Annual Premium Prices: Hero Honda Splendor Plus
Annual Premium Prices: Hero Honda Splendor Plus
RelianceBharti AXAEdelweiss
Accident Cover For Pillion/Other OccupantsXX
Zero Depreciation CoverageXXX
Consumables CoverageXXX
Daily Allowance BenefitX
Helmet CoverageX
Invoice Price CoverageXX
Emergency Medical ProtectionX

Best Cheap Two Wheeler Insurance Policies For Bikes Over 200cc

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Button\" data-eventlabel=\"Reliance Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Image\" data-eventlabel=\"Reliance Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003E\u003Cimg alt=\"Reliance Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Button\" data-eventlabel=\"Reliance Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: ICICI Lombard - Image\" data-eventlabel=\"ICICI Lombard\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ICICI Lombard\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.icicilombard.com%252Fmotor-insurance%252Ftwo-wheeler-insurance\"\u003E\u003Cimg alt=\"ICICI Lombard\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/icici-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/icici-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/icici-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: ICICI Lombard - Button\" data-eventlabel=\"ICICI Lombard\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ICICI Lombard\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.icicilombard.com%252Fmotor-insurance%252Ftwo-wheeler-insurance\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: ICICI Lombard - Image\" data-eventlabel=\"ICICI Lombard\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ICICI Lombard\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.icicilombard.com%252Fmotor-insurance%252Ftwo-wheeler-insurance\"\u003E\u003Cimg alt=\"ICICI Lombard\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/icici-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/icici-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/icici-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: ICICI Lombard - Button\" data-eventlabel=\"ICICI Lombard\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ICICI Lombard\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.icicilombard.com%252Fmotor-insurance%252Ftwo-wheeler-insurance\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n","\n\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Bharti AXA Insurance - Image\" data-eventlabel=\"Bharti AXA Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Bharti AXA Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.bharti-axagi.co.in%252Ftwo-wheeler-insurance\"\u003E\u003Cimg alt=\"Bharti AXA Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Bharti AXA Insurance - Button\" data-eventlabel=\"Bharti AXA Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Bharti AXA Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.bharti-axagi.co.in%252Ftwo-wheeler-insurance\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Bharti AXA Insurance - Image\" data-eventlabel=\"Bharti AXA Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Bharti AXA Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.bharti-axagi.co.in%252Ftwo-wheeler-insurance\"\u003E\u003Cimg alt=\"Bharti AXA Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/bharti-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Bharti AXA Insurance - Button\" data-eventlabel=\"Bharti AXA Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Bharti AXA Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fwww.bharti-axagi.co.in%252Ftwo-wheeler-insurance\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n"],"offsetPercentage":20}

For more powerful bikes above 200cc, like the Bajaj Pulsar 220F, Reliance and Bharti AXA again provide two of the cheapest online two wheeler insurance policies, and so does ICICI Lombard General Insurance. These providers offer plans up to 56% below the market average of Rs. 5,678 for an annual premium.

Annual Premium Prices: Bajaj Pulsar 220F
Annual Premium Prices: Bajaj Pulsar 220F

The most powerful bike we studied is the Royal Enfield Classic 350, a 346cc motorcycle with annual premiums starting at Rs. 5,539. Reliance, ICICI Lombard and Bharti AXA's online policies begin at minimum 52% below the market average, before optional coverages are added on.

Annual Premium Prices: Royal Enfield Classic 350
Annual Premium Prices: Royal Enfield Classic 350
RelianceICICI LombardBharti AXA
Accident Cover For Pillion/Other OccupantsX
Zero Depreciation CoverageXXX
Consumables CoverageXX
Daily Allowance BenefitX
Helmet CoverageX
Invoice Price CoverageX
Emergency Roadside AssistanceX

Best Third Party Two Wheeler Insurance Policies

{"items":["\u003Cdiv class=\"AffiliateBannerMobile--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Image\" data-eventlabel=\"Reliance Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003E\u003Cimg alt=\"Reliance Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Button\" data-eventlabel=\"Reliance Insurance\" class=\"ShortcodeLink--root AffiliateButton--button js-event-click\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003EGet a Quote \u003C\/a\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E\n\u003Cdiv class=\"AffiliateBannerDesktop--root\"\u003E\n \u003Cdiv class=\"AffiliateBanner--root \"\u003E\n \u003Cdiv class=\"AffiliateBanner--image\"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--root \"\u003E\n \u003Cdiv class=\"ShortcodeImageBare--image-container\"\u003E\n \u003Ca class=\"js-event-click\" data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - Image\" data-eventlabel=\"Reliance Insurance\" rel=\"nofollow noopener\" target=\"_blank\" title=\"Reliance Insurance\" href=\"\/redirect?link=https%3A%2F%2Faffiliate.valuechampion.in%2Fredirect%3Flink%3Dhttps%253A%252F%252Fad.admitad.com%252Fg%252Ftctlyt3xct2bc4fc0fc80344044154%252F\"\u003E\u003Cimg alt=\"Reliance Insurance\" class=\"ShortcodeImage--image\" style=\"width: 200px;\" src=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png\" srcset=\"https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_1.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 1x, https:\/\/res.cloudinary.com\/valuechampion\/image\/upload\/c_fit,dpr_2.0,f_auto,h_1600,q_auto,w_200\/v1\/referral_logos\/in\/insurance\/reliance-1.png 2x\"\u003E\u003C\/a\u003E\n \n \u003C\/div\u003E\n\u003C\/div\u003E\n \u003C\/div\u003E\n \u003Cdiv class=\"AffiliateBanner--link\"\u003E\n \u003Cdiv class=\"AffiliateButton--root \"\u003E\n \u003Ca data-eventcategory=\"Affiliate two_wheeler_insurance_companies: Reliance Insurance - 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Third party two wheeler insurance policies tend to be cheaper than comprehensive policies because the range of coverage is much lower. Third party insurance plans only cover injuries and damages third parties, and offer personal accident coverage as an optional component. In comparison, comprehensive policies contain personal accident coverage and coverage for damages to your own property, as well as third party liability protection.

So, while most online third party plans are already cheap, Reliance, Edelweiss and HDFC Ergo General Insurance offer the most affordable policies you'll find online, with annual premiums starting at Rs. 569 for a TVS XL Super STD. Few third party two wheeler plans provide optional add-ons other than personal accident coverage, but Reliance offers its policyholders the option to include a daily allowance benefit, helmet cover, EMI protection and zero depreciation coverage.

Detailed Review of ValueChampion's Top Comprehensive Two Wheeler Policy Picks

Reliance General Insurance

Consider this if you're seeking a cheap premium from an award-winning insurance company.

Reliance General Insurance, winner of India's 2015 General Insurance of the Year Award, is one of the 10 largest insurance providers in the country and offers a cheap, yet reliable comprehensive two wheeler policy option for its consumers. They offer annual premiums up to 68% cheaper than the market average for bikes below 100cc, bikes above 300cc, and various models in between.

Reliance also boasts one of the five best incurred claims ratios (ICR) in India at 85%, which has helped them earn 4.9-of-5 stars on PolicyBazaar. This is an indicator that they excel at claim settlement. A healthy incurred claims rate falls between 75-90%, which indicates a strong ability to settle claims against annual premium collection.

RelianceMarket Average
Market Share5.14%3.57%
Incurred Claims Ratio85%90%
Cashless Garages6,0003,070
PolicyBazaar Star Ratings4.9 (34 reviews)4.6 (37 reviews)
InsuranceDekho Star Ratings5.0 (116 reviews)4.9 (111 reviews)

Policyholders can choose from a number of add-ons for their bike, like a daily cash allowance, zero depreciation coverage, EMI protection, and helmet coverage to enhance their comprehensive coverage. They also have over 6,000 in-network garages, the second-most of any insurer we studied. You can find those in your area online using the garage locator tool on their website.

Their quoting and purchasing process is simple and convenient, and is a great option for consumers looking to buy a two wheeler policy online. There is also a live chat option if you need assistance at any step in the process, and once you've purchased a policy and filed a claim, you can check the status of the claim at any time on Reliance's website.

Bharti AXA Insurance

Consider this if you're seeking a cheap premium with a convenient online purchasing process.

Bharti AXA Insurance's comprehensive two wheeler insurance premiums start at least 40% below market average for bikes below 200cc and 51% below average for bikes above 200cc. Their incurred claims rate is a healthy 75%, and they offer their policyholders over 5,200 cashless garages to choose from.

RelianceMarket Average
Market Share1.73%3.57%
Incurred Claims Ratio75%90%
Cashless Garages5,2003,070
PolicyBazaar Star Ratings4.4 (46 reviews)4.6 (37 reviews)
InsuranceDekho Star Ratings5.0 (117 reviews)4.9 (111 reviews)

Before purchasing, you can choose from any of six add-ons, including invoice price cover, consumables cover, and personal accident cover for any other passengers of the bike. For consumers interested in purchasing a two wheeler policy online, Bharti AXA provides a modern and responsive quoting tool, and even offers the option to send you a copy of your quote via WhatsApp if you need more time to decide before buying.

ICICI Lombard General Insurance

Consider this if you're seeking a cheap premium from an industry leader.

ICICI Lombard General Insurance is the second-largest motor insurance provider in India with a 9.69% market share. Their annual premium rates for bikes over 200cc are one of the two cheapest of any insurer, starting 52% below the national average. They also offer affordable rates for less powerful motorcycles and scooters starting 40% below the average premium cost.

RelianceMarket Average
Market Share9.69%3.57%
Incurred Claims Ratio74%90%
Cashless Garages4,0003,070
PolicyBazaar Star Ratings4.3 (27 reviews)4.6 (37 reviews)
InsuranceDekho Star Ratings5.0 (84 reviews)4.9 (111 reviews)

With more than 4,000 locations to choose from, ICICI Lombard has a large network of cashless garages to assist with bike repairs. While they provide slightly fewer add-on options for their policyholders, they uniquely provide emergency roadside assistance for their insured bike riders, while most other companies only provide this service for their car insurance policies.

ICICI Lombard's website is a great resource if you intend to purchase a new two wheeler policy online. Their online quoting tool is easy to navigate, and you can receive a copy of your quote via WhatsApp. You can also find a chart that compares the different range of coverages among their three policy offerings, a tutorial on how to file a claim, and a garage locator so you can find a facility to repair your bike in your area.

FAQs

Want to learn more about bike insurance in India? Read our answers to some common questions on the topic.

In India, only third-party insurance is mandatory, but a fully comprehensive two wheeler policy is highly recommended. One of the most important factors to consider when insuring your bike is price, because most plans are designed similarly in terms of coverage, but costs vary depending on the cylinder capacity of your bike. For those intent on purchasing an online policy, you’ll also want to consider the ease of use of the quoting and purchasing tool on the insurer's website.

Each company has a unique set of potential add-on coverages which, for an incrementally higher premium, will enhance your bike's coverage. Some add-ons are more applicable to different people than others are, so ensure that you’re considering what’s most important for your needs and the needs of your motorcycle, scooter or moped.

Additionally, consider the number of in-network cashless garages that each insurer offers, especially in your area of residence, and research customer reviews to assess which company offers the best customer service and claims process, and which has a healthy and strong incurred claims ratio.

Most insurers allow consumers to purchase two wheeler insurance online in a short time with just a few steps. You’ll need to have personal information, information about your bike and if applicable, current or former policy information handy, as these are normally required to generate a premium price. If you’d like to get a general idea of how much your premium may cost, many insurers provide a guide, and some even provide a calculator, so you can estimate your final price.

Certain companies only allow the purchase of specific policies online, while others do not allow add-ons or benefits to be applied unless you meet with an agent, so conduct adequate research beforehand to ensure you are being provided with all available options for your bike.

Comprehensive two wheeler insurance includes both damages to your own motorcycle, scooter or moped as well as damages to third-party vehicles and property, whereas third-party plans strictly cover third-party damages. While the law only requires a third-party coverage plan for your bike, most riders should strongly consider a fully comprehensive plan. Many insurers offer the option to purchase either a comprehensive or third party plan online as well. Most comprehensive plans include:

  • Own-damage coverage for losses due to natural and man-made calamities
  • Personal accident coverage
  • Third party property damage coverage

Most policies follow a similar pricing structure, as they consider the bike's attributes instead of the rider's attributes when pricing an insurance policy. The rider's age, gender and experience level don’t factor into the cost for most plans, while bike's make, model, cylinder capacity, age and registration date factor heavily.

In addition to the base cost of own-damage protection, which covers damages to the rider and insured bike, and third-party protection, which covers damages to third parties and third-party property, the premium price will increase with the purchase of add-on benefits. Popular add-on benefits include roadside assistance, no claims bonus protection, and zero depreciation coverage.

An incurred claims ratio (ICR) is an indicator of how able an insurer is to pay claims. The ideal rate for a two wheeler insurer is 75-90%, and while having a ratio approaching or eclipsing 100% seems optimal, it's actually slightly worrisome.

ICR is calculated by dividing the total value of all claims paid annually by the total amount collected from annual premiums. So, a 75% ICR means that the insurer paid Rs. 75 for every Rs. 100 worth of premiums they received. Purchasing a premium from a company who's incurred claims ratio is below 75% means there is a lower likelihood that you'll receive adequate compensation for your claim. Meanwhile, a company with an ICR exceeding 90% has most likely dealt with a high number of claims in the past year without a large amount of premiums.


Methodology

To arrive at our conclusions for best cheap two wheeler insurance policies in India, we collected over 500 quotes from ten of the top insurers in India and analyzed pricing, benefits, and claim settlement data. To find pricing for bikes under 100cc, over 300cc, and in between, we gathered quotes for the TVS XL Super STD, Hero Honda Splendor Plus, Bajaj Pulsar 220F, and Royal Enfield Classic 350. To determine average pricing per bike, we gathered quotes for these bike models across three cities: Mumbai, New Delhi and Bengaluru.

Motorcycles above 200cc are typically slightly more expensive to ensure than bikes under 200cc because they are more powerful and are more expensive to ride and own. For each company, we used the cheapest and most basic plans without selecting any add-ons, since each insurer offered a variety of different possible benefits.

The insurers above were consistently the best, cheapest, and most comprehensive across all profiles that were considered, while also providing the most convenient online buying process for consumers.


Mike Wagenman

Mike is a Senior Research Analyst at ValueChampion India, specializing in insurance. He holds a Bachelor of Arts degree from Rider University, and his prior work experience includes data and revenue analysis in the international travel market.