Two Wheeler Insurance Online – Start at ₹538/Year*

• Dec 11, 2025
• Admin

Owning a two-wheeler in India is both a convenience and a responsibility. With rising traffic congestion, motorcycles and scooters have become the most efficient mode of transport. However, every rider must understand one essential aspect of vehicle ownership — bike insurance.

One of the most common questions among new and existing two-wheeler owners is: “What is the 1-year bike insurance price, and what factors affect it?”

In this comprehensive guide, we will break down everything you need to know about 1-year bike insurance, its pricing, types, coverage, and ways to save money on premiums.

What is 1 Year Bike Insurance?

A 1-year bike insurance policy provides coverage for your motorcycle or scooter for a period of 12 months. It protects you from financial losses that may arise due to accidents, theft, natural calamities, or third-party liabilities.

As per the Motor Vehicles Act, 1988, having at least Third-Party Insurance is mandatory for every two-wheeler owner in India. You can also opt for a Comprehensive Policy that offers broader coverage for both you and your bike.

After one year, you must renew your policy to maintain continued coverage and avoid legal penalties.

Why Bike Insurance is Important

Bike insurance is more than just a legal requirement. It offers financial security and peace of mind in case of unforeseen incidents. Here’s why you must never skip it:

• Legal Protection: You must have at least third-party insurance to ride legally on Indian roads.
• Financial Security: It covers repair and replacement costs after an accident.
• Protection Against Theft: In case your bike is stolen, the insurer reimburses the bike’s Insured Declared Value (IDV).
• Natural and Man-made Disasters: Covers damages caused by floods, fire, riots, or earthquakes.
• Third-Party Liability: Protects you from financial obligations if your vehicle causes damage or injury to others.

Types of 1-Year Bike Insurance Policies

When you buy a 1-year bike insurance policy, you generally have two main options:

1. Third-Party Bike Insurance

This is the minimum legal requirement for all two-wheelers. It covers:

• Injury or death of a third person
• Damage to third-party property

However, it does not cover damages to your own bike. This policy is suitable for those with older bikes or riders who rarely use their vehicle.

2. Comprehensive Bike Insurance

A comprehensive plan offers complete protection. It covers:

• Third-party liabilities
• Own damage to your vehicle
• Theft, fire, natural calamities, and vandalism
• Personal accident cover for the owner-driver

You can also enhance this plan with add-ons such as zero depreciation cover, roadside assistance, or engine protection.

Factors Affecting 1 Year Bike Insurance Price

The premium of your 1-year bike insurance policy is determined by several factors. Understanding them helps you make better purchasing decisions.

1. Type of Policy

A comprehensive policy costs more than third-party insurance because it offers wider coverage.

2. Bike’s Insured Declared Value (IDV)

The IDV is the current market value of your bike after depreciation. It represents the maximum amount the insurer will pay in case of total loss or theft.
A higher IDV means better protection but also increases the premium.

3. Engine Capacity (CC)

Bikes with higher engine capacity attract higher premiums. For example:

• Up to 75cc – lowest premium
• 75cc–150cc – moderate premium
• Above 150cc – higher premium

4. Age of the Bike

Newer bikes have higher IDV, so their insurance cost is higher. Older bikes have lower IDV and thus lower premiums.

5. Location

Your city or area of registration matters. Metropolitan cities with higher traffic and accident rates have higher premiums.

6. No-Claim Bonus (NCB)

If you do not file any claim during a policy year, you earn a No-Claim Bonus, which gives you a discount (up to 50%) on the next year’s premium.

7. Add-ons and Riders

Extra features like roadside assistance, zero depreciation, or pillion rider cover increase the premium.

8. Type of Insurer

Premiums vary slightly between insurance companies based on underwriting policies, claim settlement ratios, and customer service.

Average 1 Year Bike Insurance Price in India

While actual prices depend on various factors, here is an approximate range for 1-year bike insurance:

• Third-Party Policy: ₹600 to ₹2,000 per year (depending on engine capacity)
• Comprehensive Policy: ₹1,200 to ₹6,000 per year (depending on bike model, age, and city)

For example:

• A 100cc bike like Hero Splendor might cost around ₹1,200–₹2,000 annually.
• A 150cc bike like Yamaha FZ could cost ₹2,500–₹3,500 annually.
• A 250cc or premium bike might cost ₹4,000–₹6,000 annually.

Remember, these are estimated figures. To get an exact quote, you can visit the insurer’s website or compare policies on aggregator platforms.

Components of Bike Insurance Premium

Your total bike insurance premium includes three main components:

1. Own Damage Premium

Covers damage to your own vehicle due to accidents, theft, or disasters.

2. Third-Party Liability Premium

Covers damage or injury caused to a third person or property.

3. Personal Accident Cover

Mandatory for all owners. Provides compensation in case of death or permanent disability.

How to Calculate 1 Year Bike Insurance Price

You can calculate your 1-year bike insurance price using online tools or manually based on the following parameters:

1. Insured Declared Value (IDV)
   Example: If your bike’s IDV is ₹70,000 and depreciation rate is 10%, your new IDV becomes ₹63,000.
2. Own Damage Premium (ODP)
   Typically, 1.5–3% of the IDV depending on insurer and bike type.
3. Add-ons (if any)
   Add-on covers increase the total cost.
4. Third-Party Premium
   As per IRDAI guidelines, this rate is fixed based on engine capacity.
5. No-Claim Bonus (NCB)
   If you have NCB, deduct the percentage discount from the total.

The formula looks like this:
Total Premium = (ODP + Third-Party Premium + Add-ons) – NCB Discount

How to Buy 1 Year Bike Insurance Online

The process of purchasing 1-year bike insurance has become extremely convenient thanks to digital platforms. Here’s how you can buy it online:

1. Visit the insurer’s website or a comparison portal.
2. Enter your bike details — registration number, make, model, and year of manufacture.
3. Select the type of coverage — third-party or comprehensive.
4. Choose add-ons if desired.
5. View the premium quote and compare with other insurers.
6. Make payment securely via credit/debit card, UPI, or net banking.
7. Download the policy document instantly.

Benefits of Buying 1 Year Bike Insurance Online

Buying online has many advantages over offline methods:

• Instant Policy Issuance: Get your policy within minutes.
• No Paperwork: Entire process is digital.
• Easy Comparison: Check multiple insurers in one place.
• Disounts: Many insurers offer online-only discounts.
• 24/7 Availability: Buy or renew anytime, anywhere.

How to Renew 1 Year Bike Insurance

Renewing your 1-year bike insurance before expiry is crucial. Driving with an expired policy can attract penalties and risk uninsured damages.

Steps to Renew:

1. Visit the insurer’s website.
2. Enter your existing policy number or bike details.
3. Review the coverage and make changes if required.
4. Pay the renewal premium.
5. Receive the updated policy document immediately.

If your policy has already expired, the insurer might conduct a bike inspection before renewal.

Add-On Covers to Enhance Your Policy

Add-ons provide extra protection beyond the standard coverage. Common add-ons include:

• Zero Depreciation Cover: Ensures full claim without deduction for depreciation.
• Roadside Assistance: Offers help during breakdowns.
• Engine Protection Cover: Covers internal engine damage due to water ingression.
• Return to Invoice Cover: Reimburses the invoice value in case of total loss.
• Consumables Cover: Covers cost of small parts like screws, nuts, and bolts.

While add-ons increase the premium slightly, they offer valuable protection for new or expensive bikes.

Tips to Reduce Your 1 Year Bike Insurance Price

You can lower your premium without compromising coverage by following these simple strategies:

1. Maintain a Clean Driving Record: Fewer claims and traffic violations can keep premiums low.
2. Avoid Small Claims: Retain your No-Claim Bonus by paying for minor damages yourself.
3. Install Anti-Theft Devices: Certified devices reduce theft risk and may attract discounts.
4. Opt for Voluntary Deductibles: Agreeing to pay a small part of the claim reduces premium cost.
5. Compare Before Buying: Different insurers offer different rates; always compare online.
6. Renew on Time: Avoid policy lapses to maintain discounts and NCB.

Common Mistakes to Avoid When Buying Bike Insurance

Many people make errors that cost them money or leave them underinsured. Avoid these pitfalls:

• Choosing the cheapest policy without checking coverage.
• Forgetting to update IDV or personal details.
• Ignoring add-ons that might be useful.
• Missing renewal deadlines.
• Not informing the insurer about modifications in the bike.

Always read the policy document carefully before purchasing.

How Claims Work in 1 Year Bike Insurance

When an unfortunate event occurs, you can file a claim to recover financial losses. The process generally includes:

1. Inform the insurer immediately after an accident or theft.
2. File an FIR if necessary (for theft or third-party injury).
3. Submit claim form and documents such as registration certificate, driving license, and policy copy.
4. Bike inspection (for damage claims).
5. Claim settlement — either cashless repair at network garages or reimbursement to your account.

Many insurers now offer cashless claim services, allowing you to get your bike repaired without paying upfront.

Why Choose Comprehensive Coverage for 1 Year

While third-party insurance is mandatory, a comprehensive policy is always recommended. Here’s why:

• Covers both own and third-party damages.
• Offers protection against theft, fire, and natural calamities.
• Includes personal accident cover.
• Provides access to add-ons and better claim benefits.

Though the premium is higher, the peace of mind it offers is worth the cost.

Leading Insurers Offering 1 Year Bike Insurance in India

Some of the top insurers providing reliable two-wheeler insurance include:

• HDFC ERGO General Insurance
• Bajaj Allianz General Insurance
• ICICI Lombard General Insurance
• Tata AIG General Insurance
• Reliance General Insurance
• SBI General Insurance
• Digit Insurance
• Acko General Insurance

Each insurer has different pricing, coverage, and claim processes, so it’s best to compare before finalizing.

What Happens If You Don’t Renew Your Policy?

If your 1-year bike insurance expires and you don’t renew it:

• You lose legal protection and can face penalties.
• You lose your No-Claim Bonus benefits.
• You have to bear any damages or liabilities yourself.
• The insurer may require bike inspection before renewal.

Therefore, always renew your policy before its expiry date.

How to Choose the Right 1 Year Bike Insurance Policy

Selecting the best policy requires evaluating a few key points:

• Coverage: Ensure both own and third-party protection.
• Premium: Compare quotes, but don’t choose only on price.
• Add-ons: Select relevant ones based on usage.
• Claim Settlement Ratio: Prefer insurers with high ratios and customer reviews.
• Customer Support: Opt for insurers with 24/7 assistance and easy claim process.

Conclusion

The 1-year bike insurance price depends on multiple factors — the bike’s model, age, city, IDV, and type of policy. A comprehensive policy, though slightly expensive, offers superior protection and financial security.

Whether you’re a daily commuter or an occasional rider, insurance is your safety net on the road. By understanding how premiums are calculated, using NCB benefits wisely, and comparing policies online, you can easily find the best 1-year plan for your budget.

Never compromise on coverage to save a few hundred rupees. A well-chosen insurance policy ensures that your bike — and your peace of mind — are always protected.

Frequently Asked Questions (FAQs)

Q1. What is the average 1-year bike insurance price in India?
The price typically ranges from ₹1,000 to ₹6,000 per year, depending on the bike’s engine capacity, IDV, and coverage type.

Q2. Is third-party insurance enough for my bike?
It is legally required but offers limited protection. Comprehensive insurance is recommended for full coverage.

Q3. Can I buy 1-year bike insurance online?
Yes, most insurers and aggregators allow you to purchase and renew policies online instantly.

Q4. What happens if I don’t renew my policy on time?
Your policy will lapse, leading to loss of coverage and NCB benefits. You may also face penalties for riding uninsured.

Q5. How can I reduce my bike insurance premium?
Maintain a claim-free record, install anti-theft devices, and compare multiple insurers before purchase.

Q6. Do electric bikes have different insurance prices?
Yes, electric bikes often have slightly lower premiums since they fall in lower engine capacity categories.

Q7. Can I transfer my No-Claim Bonus to another insurer?
Yes, NCB is transferable even if you switch insurance companies, as long as you renew within the grace period.

Q8. What is the penalty for riding without bike insurance in India?
You can face a fine of up to ₹2,000 and/or imprisonment up to 3 months for the first offence.

Q9. Is personal accident cover mandatory?
Yes, a minimum of ₹15 lakh personal accident cover is mandatory for all bike owners.

Q10. How do I check my bike insurance expiry date?
You can check it online via the VAHAN portal, insurer’s website, or on your existing policy document.