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Bike Insurance Price & Policy Renewal Online in 2025, Up to 80% Off
Protect your two-wheeler in minutes with Digit’s bike insurance policy that you can buy or renew entirely online! Enjoy comprehensive coverage with add-ons like zero depreciation, engine protection, and roadside assistance.
Know about the best coverage at the best price - online and on the go. Hit the road with peace of mind with add-ons and our quick and simple smartphone-enabled processes. Plus, benefit from a hassle-free claims process and 24/7 customer support to ensure you're always protected.
Table of Contents
What is Two-Wheeler Insurance?
How Does a Bike Insurance Work?
Need of Two-Wheeler Insurance in India
Why Choose Digit?
Key Features
What's Covered & Not Covered
Two-Wheeler Insurance Plans
Choose the Right Two-Wheeler Insurance Policy
Importance of Renewing Two-Wheeler Insurance
Buy and Download Two-Wheeler Insurance Policy
Factors Affecting Your Two-Wheeler Insurance Premium
Third-Party Two-Wheeler Insurance Premium Rates
Insured Declared Value in Two-Wheeler Insurance
Zero Depreciation in Car Insurance
No Claim Bonus in Two-Wheeler Insurance
Frequently Asked Questions
What is Two-Wheeler Insurance?
- Two-Wheeler Insurance, or bike insurance, is a motor insurance policy that helps you to cover against damage that may happen to both you and to your two-wheeler due to events like accidents, thefts, fires, or natural disasters.
- You will also get protection against liabilities arising due to damage to any third-party vehicle, property or person. Two-wheeler insurance covers different types of two-wheelers, like motorcycles, mopeds, scooters and more.
- With Digit bike insurance, you can get third-party bike insurance policy to comply with the law or get complete protection with a comprehensive bike insurance policy or Own Damage policy - all at affordable premiums online.
- Comprehensive Bike Policies can further be customized by opting for add-ons that help protect your bike in all possible situations!
How Does a Bike Insurance Work?
Bike insurance is a contract between you and the insurer, offering financial protection for your bike against accidents, natural disasters, theft, and other unforeseen events. Here’s how it works:
Choose a Policy
Select a bike insurance plan – third-party, comprehensive, or own damage – and add-ons that fit your needs and budget.

Buy or Renew Policy
Purchase or renew your bike insurance online instantly with Digit, with minimal paperwork.
Pay Premium
Make regular payments (annually or in installments) based on factors like bike’s age, model, IDV, NCB, and coverage type.
File a Claim
If your bike is stolen or damaged in an accident, you can file a claim with your insurer, who after damage assessment will settle the claim as per the policy terms.
Why Do You Need Two-Wheeler Insurance in India?
Here’s why getting a bike insurance policy is beneficial for you:
One of the problems people dread when they get into any kind of accident is the countless banter faced between third parties due to damage or losses caused. Having a bike insurance policy in place ensures the affected party will be covered and hence lessens the problems faced!
When you opt for a comprehensive bike insurance policy, you have the benefit of customizing it with useful add-ons like a return to invoice cover, zero depreciation cover, breakdown assistance, consumables cover and tyre protection amongst others that will give your bike complete protection, against all the odds!

Since it’s primarily illegal to ride in India without at least a basic, Third-Party Bike Insurance; not having one can lead to heavy traffic penalties. Believe it or not, you save more on buying insurance for your bike than getting caught even just once for not having one!
According to the Motor Vehicle Act, it is mandatory to at least have Third-Party Bike Insurance. Without it, you can’t ride legally on Indian roads! Therefore, one of the benefits of buying a bike insurance policy is that of being covered legally.
Insuring your bike with a two-wheeler insurance policy ensures your pocket doesn’t face any dents due to unfortunate losses and damages in the likelihood of an accident, natural calamity, fire or theft.
Why is a Two-Wheeler Insurance Mandatory in India?
How to Choose the Right Two-Wheeler Insurance?
- State Your IDV Correctly: 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. Make sure you compare important aspects such as your IDV, add-ons available, service benefits, reliability, claim settlement ratios and of course processes!
- Check Offered 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. 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 What's Covered: A good bike insurance should be able to cover you for the numerous 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.
Why Choose Two-Wheeler Insurance by Digit?
Digit Bike Insurance in News
Go Digit posts 3x jump in Q2 net profit; gross premium collected at Rs 2,368 crore
- 24 Oct 2024
- The Economic Times
Digit Insurance launches comprehensive 'EV Shield' add-on cover for electric vehicles
- 20 Jan 2025
- CNBC TV18
What Our Customers Have to Say about Us
4.7/5
(250K + Customer Ratings)


Key Features of Two-Wheeler Insurance by Digit
What’s Covered in Two-Wheeler Insurance by Digit?
Add-On Covers with Digit Two-Wheeler Insurance
Two-wheeler insurance add-ons which you can buy with your Two Wheeler insurance policy
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.
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 for any consequential damages caused post the accident.
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.
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.
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
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.
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.
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.
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:
In the case of a Third-Party or Liability Only Bike Policy, damages to own vehicle won’t be covered.
Your bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
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)
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)
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.
Two-Wheeler Insurance Plans that Fit Your Needs
Third Party | Comprehensive | Own Damage |
Damages/Losses to own two-wheeler due to an accident |
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Damages/Losses to own two-wheeler in case of fire |
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Damages/Losses to own two-wheeler in case of a natural calamity |
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Damages to Third-Party Vehicle |
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Damages to Third-Party Property |
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Personal Accident Cover |
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Injuries/Death of a Third-Party Person |
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Theft of your scooter or bike |
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Customize your IDV |
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Extra protection with customized add-ons |
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Get Quote | Get Quote | Get Quote |
Know more about the difference between comprehensive and third party two wheeler insurance
Different Types of Two-Wheelers Covered in India

In India, two-wheeler insurance policy covers a wider range of vehicles including:
Private Two-Wheelers
These include standard geared and non-geared two-wheelers of all engine capacities that are used for personal purposes, including bikes, scooters, mopeds, etc.
Commercial Two Wheelers
Two-wheelers used for and by business to carry goods and passengers are covered under commercial vehicle insurance policy. It is specifically designed keeping in mind the needs of commercial bike users like delivery partners.
Electric Two Wheeler Vehicles (EVs)
Electric bike insurance protects two-wheelers which run on electricity from potential damage and losses occurring due to accidents, natural calamities, or fire.
Which Two-Wheeler Insurance Policy is the Best for You?
1. New Luxury Bike Owner
Priya, 28 Year Old Female (Bike Enthusiast)
Being the owner of a luxury bike might make you feel proud but you need to safeguard it against all types of damage and mishaps. You can get a comprehensive two-wheeler insurance as it covers both third-party liability and own damage. For enhanced protection, you can purchase appropriate add-ons, like Zero Depreciation Cover or a Return to Invoice Cover to protect it in case of theft or total loss. Engine Protection Cover and Consumables add-on also helps to cover its expensive engine and replacements cost of consumables, respectively.
2. Old Bike Owner
Ritesh, 28 Year Old Male (Rides 8-year-old Bike Daily to Office)
Many motorcycle owners tend to overlook the importance of two-wheeler insurance for a 8-year-old two-wheeler, but it is legally required to have at least third-party insurance. It is also advisable to have own-damage coverage, which provides protection for repairs or replacement in the event of accidents, theft, fire, natural disasters, and more. It is also better to get a comprehensive bike insurance as it will protect your bike against a number of factors, which is important since you drive your bike daily.
3. Family Heirloom Owner
Ram, 40 Year Old Male (Still Owns Decades Old Scooter, Locked in a Corner)
Some possessions hold sentimental value, like the scooter that has been in your family for generations. Although it is rarely used, it is still necessary to have at least third-party insurance coverage to comply with legal requirements. Since you don't actively ride the scooter, you can choose to forgo comprehensive insurance and add-ons.
Why Renew Bike Insurance Policy with Digit?
If you are looking to renew your bike insurance policy with Digit for the first time, here are some benefits to look forward to:
- Instant Claims Processing: Enjoy a seamless and swift claim process, from filing your claim and assessing your bike to receiving the claim.
- Effortless Paperless Procedure: With Digit, do the complete process with your phone from choosing the type of insurance plan to filing and recieving the claim, completely paperless.
- Self-Inspection Convenience: Simply upload images and videos of your vehicle for self-inspection, eliminating the need to wait for surveyors.
- Round-the-Clock Customer Support: Receive dedicated support for your claims even on holidays, ensuring you always have assistance whenever you need it.
- Extensive Cashless Garage Network: Choose from over 9,000+ cashless garages across India, conveniently located to suit your needs.
Complimentory Wellness Benefits for Digit Two-Wheeler Insurance Customers
With your Digit Two-Wheeler Insurance, you also get exclusive access to a wide range of wellness perks, making taking care of yourself as well as your two-wheeler easier and more affordable:
Get expert medical advice anytime, anywhere.
Consult the best and most trusted therapists at affordable rates, with up to 50% off
Stay ahead of health concerns with affordable screenings and lab tests.
Speak to top specialists in Mental Health, Women’s Health, Diet & Nutrition, and more, at flat 50%!
Pregnancy Care Programs, access to Mum Support Group, PCOS/PCOD Care Programs, Maternity Support and much more!
Stress and Pain relief covered with exclusive discounts on Physiotherapy consultation and session bookings.
Avail unlimited, free dental consultations and exclusive discounts on dental treatments.
Get flat 15% discount on Sexual Wellness Programs!
Personalized assistance for long-term health conditions.
Documents Required to Buy Two-Wheeler Insurance Online
To buy Digit bike insurance online, a load of paperwork is not required. Furnish only the following documents to buy a new two-wheeler insurance policy within minutes:
Digit's Cashless Garages
List of 9000+ Network Garages >Two-Wheeler Insurance Claims Made Simple with Digit

- Instead of having you wait aimlessly for surveyors to check for damages during an accident, we let you self-inspect your bike’s damages through our smartphone-enabled app.
- With a claim settlement ratio of 96% in two-wheeler insurance claims, you must know that we really love claims and won’t beat around the bush to get your claims settled!
- With Digit, all you need to do is upload the required documents during claims, and you’re sorted.
How to Avoid Claim Rejections for Two-Wheeler Insurance?

- Always carry your driving licence with you – it is mandatory by law, and you'll need it to make a claim if you get in an accident.
- Keep your two-wheeler documents up to date, like Registration Certificate (RC), Pollution Under Control Certificate (PUCC) as they are essential for claims. Also, make sure they're valid!
- Drive safe! Breaking road safety rules like underage driving or drunk driving can lead to claim rejection.
- Be honest about your bike modifications with the insurer as disclosing that information later can lead to claim denial.
- If you’re buying a used two-wheeler then transfer the vehicle’s insurance policy to the new owner right away to avoid claim issues.
- Accident or theft? Call your insurer first and don't get repairs done without informing them about the situation.
What are the Factors Affecting Two-Wheeler Insurance Premium?
You and your friend who own a two-wheeler from the same company might be paying different insurance premiums, but why? Here are several factors that affect your bike insurance premium calculation differently, including:
- Type of Insurance Plan: Your two-wheeler insurance premium is primarily based on the type of coverage or insurance policy you buy. The premium on the Comprehensive Insurance Policy is slightly higher than on a Third-Party Policy, as the former offers insurance coverage for third-party liabilities and Own Damage.
- Two-Wheeler Make/Model: This factor significantly influences the two-wheeler insurance premium. If you insure a low-cost two-wheeler or a regular scooter, the premium would be lower than a more expensive vehicle or a luxury bike. It is because the parts of different models have different replacement costs at the time of the claim. So, the higher the value of the insured vehicle, the higher the risk for the insurer.
- Age of the Vehicle: The market value of your two-wheeler is influenced by the age of the vehicle, which in turn impacts your insurance base premium (excluding NCB, Discounts/loading, etc.) The older vehicle will have a lower market value due to depreciation, so the sum insured will be lower, and you will need to pay less base premium. On the other hand, a brand-new vehicle with a higher market worth will fetch a higher base premium.
- Insured Declared Value (IDV): IDV refers to your vehicle’s approximate current market value after calculating its depreciation value. It is a crucial component of any insurance policy and is directly proportional to the premium.
- No Claim Bonus (NCB): It is a reward in the form of a discount upon not raising any claim in a policy year. So, at the time of the policy renewal, the percentage of NCB value you are eligible for, as determined by your insurer, can significantly lower your insurance premium for the following year.
- Add-On Covers: If you wish to protect your two-wheeler in all possible situations, you can customise your Comprehensive Two-Wheeler Policies by opting for add-on covers such as a Zero Depreciation Cover, Tyre Protect Cover, RTI and more. This will increase your scope of coverage and hence leads to an increase in your premium amount.
- Engine’s Cubic Capacity: If the cubic capacity (cc) of your vehicle’s engine is 75 cc or less, your insurance premium would be low. If your two-wheeler is labelled 350 cc, you will have to pay a larger premium for the coverage.
- RTO Location: The vehicle’s geographical location also determines your insurance premium value. If you frequently ride in a city with more accidents, the premium will also be higher and vice versa.
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
Third-Party Premium for New Two-Wheelers (5-Year Single Premium Policy)
Premiums for New Electric Vehicle (EV) Two-Wheeler (1-Year Single Premium Policy)
Premiums for New Electric Vehicle (EV) Two-Wheeler (5-Year Single Premium Policy)
How to Reduce Your Two Wheeler Insurance Premium?
- If you have had no claims for more than 4-5 years, you can look at increasing your Voluntary Deductible that will help decrease your bike insurance premium.
- Maintain a good driving record, as cautious driving and avoiding accidents will reflect good on your insurance record, thereby reducing your premium.
- Make sure you do not file claims for small scratches or accidents as then you can get a No Claim Bonus during your bike insurance renewal each year.
- Add-ons come at an additional price; therefore, to reduce your premium choose only those add-ons that are relevant to you and your car.
- Always renew your car insurance policy before its expiry date. This won’t only eliminate the time-consuming pre-inspection process for your car but will also ensure you can include your NCB and get a discount.
- If you modify your bike with any security-enhancing equipment, it increases the safety of your bike, and hence decreases the premium.
- Talk to your insurance company. If you feel you’re still not getting a cheap bike insurance quote, it’s not a bad idea to call the insurance company you are interested in once before making the final decision.
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.
Two-Wheeler Insurance Market Size, By Region, By Value from year 2014 to 2024
Get insights into the growth and trends of the two-wheeler insurance market in India from 2014-2024. The market is distributed among the North, South, East, and West regions.
What is Cashless Bike Insurance?
- If you opt to get your bike repaired with a Digit Authorized Repair Center, we will make the payment for the approved claim amount, directly to the Repair Center. This is a Cashless Claim.
- Please note, if there are any deductibles, like a Compulsory Excess/ Deductible, any repair charges for which your insurance doesn’t cover you or any depreciation costs, that is to be paid by the insured’s own pocket.
Know more about Cashless Bike Insurance.
What is Insured Declared Value (IDV) in Two-Wheeler Insurance?
- IDV is the maximum amount your insurance provider can give you, in case your bike is stolen or totally damaged.
- The insured declared value in two-wheeler insurance and your two-wheeler insurance premium go hand in hand. This means, the higher your IDV is, the higher your bike insurance premium – and as your vehicle ages and IDV depreciates, your premium also decreases.
- Also, when you decide to sell your bike, a higher IDV means you’ll get a higher price for it. Price may also be affected by other factors like usage, past bike insurance claims experience etc.
- So, when you’re choosing the right two-wheeler insurance policy for your bike, remember to make note of the IDV being offered, and not just the premium.
- A company offering a low premium may be tempting, but this could be because the IDV on offer is low. In case of total loss of your bike, a higher IDV leads to higher compensations.
- At the time of resale, your IDV is indicative of the market value for your bike. However, if you have maintained your bike really well and is shining as good as new, you can always aim at a price more than what your IDV might offer you.
- At the end of the day, it all boils down to how much love you have showered on your bike.
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.
What is Zero Depreciation in Two-Wheeler Insurance?
- Like everything in life, there is a decrease in value of certain parts of your bike, including the bumper or any other metal or fibre glass parts.
- So, when a damage happens, the full cost of replacement is not given as depreciation is deducted from the claim money.
- But this addon makes sure there is Zero Depreciation and you get the full value of the cost of repair/replacement provided the vehicle is repaired at Digit Authorized Workshop.
What is No Claim Bonus (NCB) in Two-Wheeler Insurance?
- No Claim Bonus is a discount on premium given to the policyholder for having a claim-free policy term.
- A no claims bonus ranges from a discount of 20-50% and is something you earn at the end of your policy period by maintaining a record of making no bike accident claims under your bike insurance policy.
- This means that you can’t get a no claims bonus when you buy your first comprehensive bike insurance policy – you can only get it on your policy renewal.
- A No Claim Bonus is meant for the bike insurance policyholder regardless of the bike. This means, even if you switch your bike, your NCB stays with you.
- If you decide to buy a new bike, you will be issued a new bike insurance policy, but you can still avail of the NCB you accumulated on the old bike or policy.
Why is It Important to Have Old Bike Insurance Policy?
If you’ve never bought a bike insurance for your bike, it’s still never too late to get one. However, here are the three most important things you should keep in mind before buying a bike insurance for your old bike.
- Bike Use & Type of Bike Insurance: Are you buying a bike insurance to just keep your old bike legal when you take it out, or protect it from damages and losses? Based on your bike’s use and type, you need to decide whether a third-party or comprehensive bike insurance works for you.
- IDV of Your Bike: IDV is the market value of your bike. Basis this, your bike insurance premium and your claim amount too during claims. Since your bike is an old one, set your IDV basis its current market value, and don’t forget to also account for the depreciation over the years!
- Additional Covers: When you opt for a two-wheeler comprehensive insurance, you will be given the option to add additional covers to your policy to give your bike extensive coverage. As per the use and age of your bike, you can pick a combination of add-ons that will help you cover for your bike in all possible situations. However, if you’re planning to buy a bike insurance for your old two-wheeler, see which add-ons would be applicable or not. For example; A Return to Invoice cover may not be applicable if your bike is more than five years old.
Know more about Old Bike Insurance.
Why is It Important to have an Active Bike Insurance Policy for Second-Hand Bikes?
Let's understand why it's important to renew your expired bike insurance policy on time:
- You’ll Lose Out on Your NCB: NCB is your No Claim Bonus, that you may have accumulated over the years if you’ve never made a bike insurance claim yet. This accumulates bonus usually helps you get a discount on your next bike insurance renewal. However, if you don’t do so before your bike insurance’s expiry date, you may lose out on your NCB completely!
- Higher Chances of Paying a Penalty: As per the revised Motor Vehicle Act, anyone caught without a valid bike insurance is liable to pay a penalty of Rs 1,000 to Rs 2,000 for the first penalty and up to Rs 4,000 for the second time. Renewing your bike insurance on time will ensure you don’t get caught in such a situation.
- Bear the Financial Brunt: The whole purpose of having a bike insurance is to protect yourself from unexpected expenses that could arise out of both minor and major accidents or even natural calamities. Not renewing your bike insurance on time, could lead to losses that you may have to overcome in the likelihood of the same.
Know more about Renew Expired Bike Insurance Policy
Why Buying a Two-Wheeler Insurance Online Makes Sense?
Buying bike insurance online not only makes things easier and more convenient for you, but also helps reduce costs and hence, your bike insurance premiums!
- Saves Time: Buy policy online wherever and whenever you want. That’s it!
- Customisation Available: Customise your IDV or opt for a combination of different add-ons online.
- Zero Paperwork: No paperwork involved. Everything is literally just online!
FAQ's about Buying Two-Wheeler Insurance
How can I get a new bike insurance policy online from Digit?
You can buy two-wheeler insurance online either through our website or app by following simple steps. Just enter your bike registration number, select your desired policy cover, enter previous policy details if any, and nominee details. Make the payment, complete your KYC and it's done!
Can I customise my IDV when buying a bike insurance policy from Digit?
Yes, Digit offers you the option to customise your IDV as desired – both while buying and renewing the policy from us.
What is Third Party Liability Cover?
Third Party Liability Cover is a safe net when you hit someone else's bike, causing damage to life and property. Your insurance company pays for the damage on your behalf.
Which is the best bike insurance policy?
Comprehensive Bike Insurance Policy is considered the best two-wheeler insurance as it covers both third-party and own damage coverage. Moreover, you can also buy add-ons to enhance the policy coverage.
Can I get add-ons with my policy?
Yes, you can! We offer 8 add-ons including 24*7 Breakdown Assistance, Engine & Gearbox Protection, Tyre Protection and many others
Is a two-wheeler insurance mandatory?
Yes. According to the Motor Vehicles Act 1988, at least having a two-wheeler insurance to cover for third-party liabilities and losses is mandatory. Without this, it’s illegal to ride your bike anywhere in India.
Know more about the New Traffic Fines in India.
How do I check if my bike is insured?
As a bike owner, its one’s personal responsibility to always ensure their bikes are insured. In case you’re not sure of if your bike is insured or when the next renewal date is, all you need to do is visit your state RTO website and enter your two-wheeler registration number, post which all your bike’s details, including its bike insurance details (policy number, expiry date, etc.) will be present.
Is pillion rider a third party?
Yes, the pillion rider, or in simper terms- the passenger on the back seat is considered third-party and will hence be covered for in the case of an accident.
Who is the third-party in an accident?
A third-party could refer to either a third-party person, vehicle or property obviously does not include you or your vehicle. Additionally, even the passenger on your back seat will be considered as a third-party. For example, if you happen to damage somebody’s gate while parking, the damage to the gate would be considered third-party damage.
Do I need a motorcycle insurance to ride someone else's bike?
If you are going to ride someone else’s bike, you don’t need an individual insurance policy yourself, but you need to make sure the person you’re borrowing the bike from, has at least a valid third-party bike insurance as you may need the same in case a cop checks on you while riding, or you run into some trouble.
Which insurance is better for two-wheelers – 1st, 2nd, or 3rd party?
Third-party insurance provides coverage against third-party liabilities while 1st party bike insurance or Own Damage cover protects your own bike. However, comprehensive bike insurance provides both 1st and 3rd party coverage so, it is the best insurance plan for bikes.
Why is KYC verification mandatory for bike insurance?
IRDAI has made it mandatory for every insurance provider to verify the authenticity of the policy buyer before issuing a new policy or renewing bike insurance.
Which is the cheapest bike insurance cover?
Third-party Bike Insurance Policy is the cheapest bike insurance policy you can buy as it covers only the third-party liabilities and is also mandated by law in India.
What is a 5-year bike insurance plan?
It means that if you buy a new two-wheeler, it is mandatory to buy a 5-year insurance policy, which includes a 5-year Third-Party liability cover and an additional 1-year Own Damage cover.
What documents are required to file a claim for a two-wheeler insurance online?
None! With Digit, all our claims are done online via our smartphone enabled processes. During a claim, all you need to do is give us a call on 1800-258-5956 and we’ll send you a self-inspection link to assess your damages, after which we’ll give you the option to repair your bike at one of our garages or claim for a reimbursement, the choice is yours.
Can I choose not to make a claim if the damage is minimal? What do I gain out of it?
Yes, absolutely! On doing so, you will benefit from your No Claim Bonus. This means, during your next bike insurance renewal online, you’ll be rewarded with a premium discount for making no claims throughout one policy period.
In which case inspection of a vehicle is mandatory?
Inspection of your vehicle is required only when you’re purchasing a comprehensive or standard two-wheeler insurance online policy with us for the first time or are renewing your policy with us after the expiry date of your previous policy. The same is done through our smartphone-enabled app, online. After the inspection is approved by our team, your coverage for own damages is activated automatically.
How does bike insurance work if someone else borrows my bike?
An insurance policy for bikes is connected to the respective bike and its owner. However, if someone does borrow your bike and while doing so, causes damages to the bike or a third-party then your bike insurance will still cover for the losses and damages (as per respective policy conditions), as long as you mention this while making the claim and that both the bike papers and policy documents are in your name only.
Can I claim tax benefits under Section 80C against bike insurance?
No, you cannot claim income tax exemption for buying bike insurance under Section 80C.
What is the role of a surveyor in the bike insurance claim process?
A surveyor is an important person as he/she assesses the damage to your two-wheeler and that of the third party, if required. They will then submit a damage assessment report to your insurance company. After that only your claim request will be processed.
Can I replace a new vehicle in my current insurance policy?
No, your two-wheeler insurance policy is attached to your two-wheeler registration number and hence your current insurance policy can’t be used for your new vehicle. You’ll need to get a new two-wheeler insurance policy for the same. In case you’re selling your old vehicle, you can just transfer your current insurance policy to the new owner too.
What is PA cover in a two-wheeler insurance? Is it mandatory?
PA cover is the Personal Accident cover that ensures you are covered in case of injuries during an accident. The same is mandatory by law and can either be bought with your health insurance or, while purchasing your third-party two-wheeler insurance for a nominal fee.
What is the meaning of zero depreciation two-wheeler insurance?
Zero-depreciation or the bumper-to-bumper cover is an add-on available in a standard or comprehensive two-wheeler insurance. On opting for this add-on in your two-wheeler insurance policy, we won’t calculate depreciation on your bike and therefore, give you the complete IDV or required compensation without reducing any amount that is usually deducted on charge of depreciation. Know more about the difference between Comprehensive and Zero Depreciation bike insurance policy.
Is engine covered in bike insurance?
Engine is only covered if you have purchased the Engine Protect add-on cover with the Comprehensive or Own Damage bike insurance policy.
Which two-wheeler insurance online is best for bike?
This depends on what your personal requirements are 😊 At Digit, we offer unique benefits such as online claims and purchase for quick and transparent processes, smartphone enabled inspection to ensure claims are settled instantly, thousands of cashless garage options so you can get your bike repaired without worrying about the payment, and of course some suitable add-ons to choose from that can act as additional shields to your bike.
Is third-party insurance more expensive?
No, a third-party two-wheeler insurance isn’t more expensive. According to the law, at least having a third-party insurance is compulsory for all riders. However, having comprehensive or standard bike insurance- although slightly more expensive is more cost effective as it covers both third-party damages and your own damages as well under one policy.
Know more about Third Party Bike Insurance Rates.
What is the difference between a third-party and comprehensive two-wheeler insurance?
A third-party two-wheeler insurance is one that only covers losses against third-party damages only, whereas a comprehensive two-wheeler insurance covers both third-party damages and your own damages as well. Know more about the difference between Comprehensive and Third-party bike insurance.
How do I calculate the premium for my two-wheeler insurance policy online?
You can use your insurance company’s bike insurance calculator to calculate the premium. These calculators are designed to analyse the vehicle’s make and model, its age, cubic capacity of the engine, and your chosen coverage to calculate the insurance premium.
How much does a two-wheeler insurance policy cost in India?
Third-party liability cover starts as low as ₹538 in India, while the premiums of other plans vary depending upon factors like type of coverage, bike make/model, engine capacity, add-ons, geographical location, etc.
Where can I find the policy number for my bike insurance?
You can find the policy number for your bike insurance mentioned on the Insurance Certificate provided by your insurance company and in the emails or other communication sent by your insurer.
You can also check your insurance details online by visiting the website of the State Transport Department or by visiting www.parivahan.gov.in
Can I customize my two-wheeler insurance coverage while buying online?
Yes, you can customize your two-wheeler insurance coverage while purchasing online by opting for additional add-on covers to enhance your policy's coverage, such as zero depreciation cover, roadside assistance, personal accident cover, etc.
Can I cancel my bike insurance policy?
Yes, you can cancel the bike insurance policy. However, to get a refund for the premium paid, you must adhere to the terms and conditions of the policy.
How can I get my existing two-wheeler insurance renewal online with Digit Insurance?
To do two-wheeler insurance renewal online with Digit Insurance, visit the two-wheeler insurance page, enter your bike brand, variant and registration date- after which you’ll be asked to enter your existing policy’s expiry date and service provider.
After filling in the required details and opting for your required plan and cover, your new bike insurance policy will automatically be renewed with us, after the expiry of your existing policy.
Can I choose a different insurance plan while renewing my bike insurance policy?
Yes, you can opt for a different cover and add-ons during bike insurance policy renewal, as per your current needs.
How can I check the validity of bike insurance policy?
You can refer to the policy document to check the validity or open Digit app and check your policy details.
What is the break-in period in two-wheeler insurance?
The break-in period is the time between your policy expiry date and its renewal date. The break-in period is important because during that time your bike insurance plan is inactive, implying that you cannot raise claim requests.