Two Wheeler Insurance Online
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Buy/Renew Bike Insurance Policy Online in 2024, Up to 80% Off

Why Do You Need Two-Wheeler Insurance in India?

Why is a Two Wheeler Insurance Mandatory in India?

Important Two-Wheeler Insurance Statistics in India

The demand for two-wheelers is rising exponentially in India, which calls for the increasing need of two-wheeler insurance as well, leading to India’s motor insurance market size estimate at ₹1.53 trillion by 2028.

Here are other important statistics related to two-wheeler insurance in India.

In FY 2023, two-wheeler sales in India increased to 15.9 million units, which is an all-time high since 2019.
The two-wheeler insurance market share is 24.85% in India.
India’s two-wheeler insurance market is expected to grow at a rapid CAGR in 2023.
However, online searches for two-wheeler insurance declined from 13.42 lakh in 2022 to 12.69 lakh in 2023, implying a 5.42% decrease.
In 2022, two-wheelers accounted for the maximum vehicles production share in India. These numbers include two-wheelers of all kinds, including bikes, mopeds, scooters, electric bikes, and even commercial two-wheelers.

What's Great About Digit's Bike Insurance Policy? Let's Check Out!

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What’s Covered in Two Wheeler Insurance by Digit?

Bike Accident


Damages and losses that may arise due to an accident or collision

Bike Theft


Covers for your losses in case your two-wheeler is unfortunately stolen!

Bike got fire


Damages and losses to your two-wheeler in case of an accidental fire!

Natural Disaster

Natural Disasters

Damages caused to your two-wheeler due to nature’s many furies, such as due to floods, cyclones, etc.

Personal Accident

Personal Accident

Covers for your expenses in cases where you’ve hurt yourself too bad!

Third Party Losses

Third Party Losses

When a person, a vehicle or a property is hurt or damaged due to your bike's actions.

Add-on Covers with Digit Two Wheeler Insurance

Two wheeler insurance add-ons which you can buy with your Two Wheeler insurance policy

Zero Depreciation Cover icon

Zero Depreciation Cover

Think of it like an effective anti-ageing cream for your bike and its parts. Usually, the required depreciation amount is always taken in account during claims. However, a zero-depreciation cover ensures no depreciation is taken into consideration, so you get the full value of the cost of repair/replacement during claims.

Return to Invoice Cover icon

Return to Invoice Cover

If you fall into a situation where your bike is stolen or damages beyond repair, this add-on comes in handy. With return to invoice add-on, we will cover the costs of getting you the same, or similar bike- including the road tax and registration fees for the same

Engine & Gear-box Protection Cover icon

Engine & Gear-box Protection Cover

Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard two-wheeler insurance policy, only damages caused during the accident are covered. However, with the engine and gear-box protection add-on cover, you can specifically cover the life of your vehicle (the engine and gearbox!) for any consequential damages caused post the accident. This could happen due to water regression, leakage of lubricating oil, and undercarriage damages.

Consumable Cover icon

Consumable Cover

The add-on of consumable cover adds an additional shield to your two-wheeler. Covers the cost for all your bike’s nitty-gritties such as the engine oils, screws, nuts and bolts, grease, etc. in the event of an accident.

Breakdown Assistance icon

Breakdown Assistance

The roadside assistance add-on ensures we’ll always be there for you and your two-wheeler in case of any breakdowns. The best part? Asking for our help doesn’t even count as a claim.

Tyre Protect Cover icon

Tyre Protect

The tyre protect add-on cover is offered only to vehicles fitted with run flat technology. As part of it, the cost of replacing damaged tyres with equivalent or near equivalent to the one being used in the vehicle, labour and wheel balancing charges can be reimbursed. However, claims made under the add-on cover is subject to conditions set forth under the vehicle insurance policy.

Daily conveyance benefit icon

Daily Conveyance Benefit

The add-on cover of daily conveyance benefit will ensure that you are compensated for your transportation cost during the period when two-wheeler is under repair subject to applicable time excess. A policyholder can be compensated in the form of fixed allowance per day or coupons from taxi operators from an amount equal to per day fixed allowance.

EV Shield Add-on Cover icon

EV Shield Add-on Cover

This EV Shield add-on cover for electric two wheeler in India will protect you and your vehicle against any loss or damage to the electrical panel for the vehicle charging point, vehicle charger including charging cable, and offer roadside assistance services specific to EVs.

What’s not Covered?

It is equally important to know what’s not covered in your two-wheeler insurance policy, so that there are no surprises when you make a claim. Here are some such situations:

Own Damages icon

Own Damages for Third-Party Policy holder

In the case of a Third-Party or Liability Only Bike Policy, damages to own vehicle won’t be covered. 

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Drunk Riding or without a Licence

Your bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.

Driving without a valid DL icon

Driving without a valid Driving Licence holder

If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.

Consequential Damages icon

Consequential Damages

Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it is considered as consequential damage and it will not be covered)

Contributory Negligences icons

Contributory Negligences

Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)

Add-ons not Bought icon

Add-ons not Bought

Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.

Why Choose Two Wheeler Insurance by Digit?

Your bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement

Cashless Repairs

Cashless Repairs

4400+ Cashless Network Garages for you to choose from across India

Smartphone-enabled Self Inspection

Smartphone-enabled Self Inspection

Quick and Paperless claims process through a Smartphone-enabled self-inspection process

Super-fast Claims

Super-fast Claims

Average turn around time for two-wheeler claims is 11 days

Customize your Vehicle IDV

Customize your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 Support

24*7 call facility even on National Holidays

Key Features of Two Wheeler Insurance by Digit

Key Features

Digit Benefit


Starting from ₹714

No Claim Bonus

Up to 50% Discount

Customizable Add-Ons

8 Add-ons available

Cashless Repairs

Available at 4400+ Garages

Claim Process

Smartphone-enabled Claim process. Can be done online within 7 minutes!

Own Damage Cover


Damages to Third-Party

Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages

Different Types of Two-Wheelers Covered in India

Two Wheeler Insurance Plans That Fit Your Needs

TP bike insurance coverage

Third Party

A Third-party Bike Insurance is one of the most common types of bike insurance;in which only damages & losses caused to a third-party person, vehicle or property are covered.

Comprehensive bike insurance coverage


A Comprehensive Bike Insurance is one of the most valuable types of bike insurance that covers both third-party liabilities and damages to your own bike as well.

Od coverage icons

Standalone Own Damage Plan

The Own Damage plan is for yourself – it covers loss and damage only to your own two-wheeler in case of accidents and collisions, natural calamities, fires, and thefts.

Third Party


Own Damage


How to Buy/Renew Two Wheeler Insurance with Digit?

Step 1

On the Digit App or website, enter bike’s registration number, select the policy status and click on ‘View Prices’.

Step 2

Select the plan, add-ons and click on ‘Continue.’

Step 3

Enter your personal, nominee and vehicle details and click on ‘Pay Now.’

Step 4

Complete the payment and mandatory KYC verification process.

Step 5

You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

Documents Required to Buy Two-Wheeler Insurance Online

How to File a Two Wheeler Insurance Claim?

After you buy or renew our two wheeler insurance plan, you live tension free as we have a simple, convenient and completely digital claims process!

Step 1

Just call on 1800-258-5956. No forms to be filled.

Step 2

Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.

Step 3

Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.

Two Wheeler Insurance Claims Made Simple with Digit

Cashless Garages by Digit

Digit's Cashless Garages

Get cashless repairs at 4400+ garages across India 

What Our Customers Have to Say about Us


Excellent service. Everything is digitized and recently I had to change the insurance from the previous seller post changing the RC. The whole transaction was handled seamlessly without me visiting their office. I will recommend them for anyone going for two-wheeler insurance.

Gaurav Yadhav

It was very good experience purchasing a two wheeler insurance policy from Digit. Very polite and prompt service by Poonam Devi. She took extra care in getting the policy issued as soon as possible.

Sandeep Chowdhury

Awesome experience with Digit Insurance. Got a call from settlement agent with in 5 mins. after uploading all the required Pictures and documents. The claim got settlled over the call itself. Received the claim amount very next working day after providing the final invoice.

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How to Avoid Claim Rejections for Two-Wheeler Insurance?

Why Renew Bike Insurance Policy with Digit?

How to Renew Existing Digit Bike Insurance Policy?

Step 1

Login to Digit App or website and go to the ‘My Policy’ section.

Step 2

Select the policy pending for renewal and click on ‘Renew Policy.’

Step 3

Next, select the IDV, add-ons and confirm the details, then click on ‘Pay Now.’

Step 4

You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

How to Download Your Bike Insurance Policy on Digit App?

Third Party Bike Insurance Premium Rates

The third-party bike insurance premium is charged based on a bike’s engine capacity. Let’s have a look at the prices for the year 2019-20 vs 2022

Engine Capacity

The premium for 2019-20 in INR

New 2W TP rate (effective 1st June 2022)

Not exceeding 75 cc



Exceeding 75cc but not exceeding 150 cc



Exceeding 150cc but not exceeding 350cc



Exceeding 350 cc



Third Party Premium for New Two-Wheelers (5-year Single Premium policy)

Engine Capacity

The premium for 2019-20 in INR

New 2W TP rate (effective 1st June 2022)

Not exceeding 75 cc



Exceeding 75cc but not exceeding 150 cc



Exceeding 150cc but not exceeding 350cc



Exceeding 350 cc



Premiums for New Electric Vehicle (EV) Two-Wheeler (1 -Year Single Premium Policy)

Vehicle kilowatt capacity (KW)

The premium for 2019-20 in INR

New 2W TP rate (effective 1st June 2022)

Not exceeding 3KW



Exceeding 3KW but not exceeding 7KW



Exceeding 7KW but not exceeding 16KW



Exceeding 16KW



Premiums for New Electric Vehicle (EV) Two-Wheeler (5 -Year Single Premium Policy)

Vehicle kilowatt capacity (KW)

The premium for 2019-20 in INR

New 2W TP rate (effective 1st June 2022)

Not exceeding 3KW



Exceeding 3KW but not exceeding 7KW



Exceeding 7KW but not exceeding 16KW



Exceeding 16KW



How is Depreciation Calculated in Two-Wheeler Insurance?

The Insured Declared Value (IDV) of the two-wheeler is adjusted for depreciation value of your bike as per the below table. 

In the table, age-wise depreciation is applicable for only Total Loss/Constructive Total Loss (TL/CTL) claims.

Age of the Bike  Depreciation % 
6 months and below  5% 
6 months to 1 year  15% 
1-2 years  20% 
2-3 years  30% 
3-4 years  40% 
4-5 years  50% 
5+ years  IDV mutually decided by the insurance provider and policyholder 

Two Wheeler Insurance Market Size, By Region, By Value from year 2014 to 2024

Factors That Impact Two-Wheeler Insurance Premium

How to Choose the Right Two Wheeler Insurance?

Customize your IDV

An IDV is the market value of your bike, including the charge of its depreciation and the value of the same will directly affect your bike insurance premium. Moreover, this also affects the compensation value you’ll receive during claims. So, make sure you always check if your IDV is stated correctly. At Digit, we believe in transparency and give you the option to customize your IDV.

Compare Bike Insurance Quotes

The biggest advantage you have of buying a bike insurance online is, that you can compare different bike insurance quotes. You can either do this on online insurance aggregators or by visiting different insurance provider websites. Make sure you compare important aspects such as your IDV, add-ons available, service benefits, reliability and of course, claim settlement ratios and processes!  

Service Benefits

A good bike insurance isn’t only about coverages and claims (although yes, that’s a huge part of it!) it’s also about the kind of service benefits you can avail through your respective service provider. For example; at Digit we offer services like Roadside assistance (which doesn’t count as a claim) which ensures we’re there for you even when you need us for the littlest of things. 

Know your Coverage

A good bike insurance should be able to cover you for the different things that you may need. That’s what the premium is for! Therefore, while choosing the right bike insurance, ensure you look at the coverage you receive and then decide if what you’re paying for is worth it or not. 

Which Two-Wheeler Insurance Policy is the Best for You?

Two Wheeler Insurance Terminologies You Need to Know

Things to Keep in Mind While Choosing the Right Two Wheeler Insurance Policy?

Why Buying a Two Wheeler Insurance Online Makes Sense?

Why is it Important to have an Active Bike Insurance Policy for Second-hand Bikes?

Why is it Important to have a Bike Insurance Policy for your Old Bike?

Why Renewing your Expired Two-Wheeler Insurance Policy is Important?

FAQ's about Buying Two-Wheeler Insurance