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What is Anti-Theft Device and it's Impact on a Bike Insurance?

Anti theft device for Bike

Motorcycles are highly susceptible to theft because they lack built-in security features. To reduce the theft risk, motorcycles must be equipped with anti-theft devices. These devices reduce the chances of burglary and the price of insurance. In addition, various insurance companies offer discounts for motorcycles fitted with IRDA-approved security features. 

Read on to understand various anti-theft devices, their benefits, and how they impact the cost of two-wheeler insurance. This would help to safeguard the bike and lower its insurance premiums.

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What are Anti-Theft Devices for Bikes?

What are Anti-Theft Devices for Bikes?

Anti-theft devices are security equipment designed to prevent a motorcycle from being stolen or transported without permission. Since there are increasingly more bike theft cases, these security systems are crucial for stopping two-wheeler theft. Some examples of these devices are essential mechanical locks and sophisticated electronic systems that track the vehicle in real time.

Installing a burglar-deterrent security system may lower the risks of targeted theft. Many insurance companies also offer discounts for bikes with anti-theft devices by reducing their insurance premiums.

Benefits of Installing Anti-Theft Devices on Your Two-Wheeler

Benefits of Installing Anti-Theft Devices on Your Two-Wheeler

Installing an anti-theft security system for your bike is an excellent investment because it increases its security, reduces premium costs, and gives the user peace of mind. Here's a breakdown of their key advantages:

 

  • Prevention of Theft: Visible locks, alarms, and immobilisers make it difficult for thieves to steal the bike, forcing them to look for easier targets.
  • Assistance for Recovery: GPS trackers provide real-time location updates, helping authorities quickly locate and recover a stolen bike.
  • Insurance Discounts: Many insurers offer up to 3% - 5% discounts on premiums for ARAI-certified anti-theft devices, reducing overall costs.
  • Peace of Mind: With added security features, bike owners can park confidently without worrying about theft.
  • Increased Resale Value: A motorbike with anti-theft devices looks more reliable to buyers and retains its value better over time.
  • Remote Monitoring: Smart security systems allow users to track and control the bike's security remotely with the help of the mobile application.
  • Immediate Theft Alerts: Advanced devices send instant notifications to the owner's phone if unauthorised movement or tampering is detected.

Types of Anti-Theft Devices for Two-Wheelers

Many anti-theft devices, including mechanical and electronic choices, are available to increase bike security and reduce theft risk. The following are some of the best and most commonly used devices:

Handlebar Locks

These locks secure the handlebars in a position that prevents the bike from being manoeuvred. They are installed to ensure the handlebars are in a fixed position, making it difficult or impossible to steer or manoeuvre the bike. 

Disc Brake Locks

These locks prevent the wheel from rotating by securing the brake disc. While they act as a strong deterrent, they should be used along with other security measures for the complete protection of your bike.

Wheel Locks

Wheel locks are a specialised form of bike security designed to prevent a bike's movement by locking the wheels in place. They are a strong deterrent and work best when combined with other locks for enhanced security.

GPS Trackers

With these devices, the bike is closely monitored in real-time locations, helping recover stolen vehicles. Nevertheless, they do not physically protect the vehicle from being stolen.

Immobilisers

The immobiliser shuts the engine off unless an appropriate key or authentication method is used. It makes it very difficult for the bike to be hot-wired and is, therefore, very effective in such cases.

Alarm Systems

The alarm system emits a loud sound in the event of unauthorised access. If you are not near the bike, the deafening sound will alert other people and possibly prevent bike theft.

Smart Keys

Smart keys are advanced bike security devices that offer a high level of protection by using electronic encryption to control access to the lock. These cannot be replicated or accessed without an encrypted signal, but can be hacked.

Advanced Security Systems

These incorporate modern features, such as biometric identification, ignition lock, and safety features validated by an application's mobile interface. However, they are simultaneously expensive, hence more suitable for the security of high-value items.

List of ARAI-approved Anti-theft Devices

List of ARAI-approved Anti-theft Devices

The list of some standard ARAI-approved anti-theft devices for motorbikes includes the following:

 

  • VTS-01-021 & VTS-01-022 from KPIT Technologies Ltd, Pune
  • ACONITS140 by Accolade Electronics Pvt. Ltd, Pune 
  • TCU by Pricol Limited
  • VTS from Wabco India Limited
  • ITS System TLG-1000 by Autocop India Pvt. Ltd

How Anti-Theft Devices Impact Bike Insurance Premiums?

How Anti-Theft Devices Impact Bike Insurance Premiums?

The installation of anti-theft devices can significantly impact bike insurance premiums. The presence of approved anti-theft devices often leads to reduced premiums. Anti-theft devices lessen the likelihood of a bike getting stolen. Thus, draws for insurance claims due to theft and/or unauthorised access should be minimised. 

 

Consequently, insurance providers consider bikes fitted with anti-theft devices minor risks, adjusting premiums accordingly. The insurance companies provide incentives, such as reduced premiums, to those policyholders who install these anti-theft devices. 

 

The insurers want to encourage anti-theft measures, hoping to take some proactive measures to enhance bike security and reduce possible losses.

Cost-Benefit Analysis of Anti-Theft Systems

The cost of an anti-theft device is based on its type and security levels. While costlier, technology-based anti-theft systems, such as GPS tracking and immobilisers, give more security than mechanical anti-theft systems, such as cheaper disc brakes. While these anti-theft systems have a high ownership cost, they are beneficial in terms of long-term security.

Furthermore, all major insurers give a maximum discount of 2% - 5% on IRDA-approved anti-theft systems, which, in return, covers the installation cost. Here's a breakdown of the average anti-theft device costs in India:

Anti-Theft Device Approximate Cost (INR)
Handlebar Lock ₹500 – ₹1,500
Disc Brake Lock ₹800 – ₹2,500
Heavy-Duty Chain Lock ₹1,500 – ₹5,000
Wheel Lock ₹1,000 – ₹3,000
GPS Tracker ₹3,000 – ₹10,000
Immobiliser ₹5,000 – ₹15,000
Smart Alarm System ₹2,500 – ₹8,000
Advanced Security System ₹10,000 – ₹25,000

Tips to Prevent Bike Theft

Tips to Prevent Bike Theft

Taking precautions is the best way to avoid the hassle and loss of bike theft. Bikes are much easier to steal compared to cars. Here are a few tips that will help you prevent the occurrence of a bike theft.

 

  • Secure Parking: Always find a well-lit and monitored location to avoid leaving your bike in remote or poorly lit ones.
  • High-security Lock: Use a quality lock, such as a hard steel U-lock or chain lock, to prevent the bike from being walked away.
  • Anti-theft Devices: Consider fitting your bike with a GPS tracker, alarms, and immobilisers, as they help recover stolen bikes.
  • Double-locking: To make it more secure from theft, use a combination of locks, such as a disc brake lock and chain lock.
  • Keep Insurance: Having bike insurance with theft coverage may help you avoid substantial monetary loss in the event of theft.

Common Myths About Anti-Theft Systems and Insurance

An insight into the prevalent myths about anti-theft systems will help riders know what precautions, in terms of anti-theft devices, they should be able to employ to protect their vehicles effectively. Some common misconceptions include:

Myth Fact
Only expensive bikes need anti-theft devices. Any bike of any price can be prone to theft, as they would steal bikes mainly on demand for spare parts, making anti-theft measures vital for all models.
Often, in India, all anti-theft devices are eligible for insurance discounts.  Generally, only those appreciated and approved by the IRDA will help discount the premium. It is, however, good to check with the insurer before installing such. 
A factory lock is already sufficient to prevent theft. Theft security would be improved by using security locks, such as disc locks, along with a GPS tracker for added security.
In case of theft of my bike, it is insured for the total damage. Comprehensive insurance will cover you in case of theft, but the claim amount is fixed based on the Insured Declared Value, which will get you a lower price as time passes.
Installing multiple anti-theft devices means higher discounts. Most insurers will provide a "standard amount" discount (usually about 2-5%) for fitting at least one IRDA-approved anti-theft device, regardless of how many were installed. 

Maintenance of Bike Anti-Theft Devices

Anti-theft devices serve a vital purpose in providing security for the vehicle. However, their capabilities, to some measure, are dictated by consistent maintenance and overall care. A few things can be done to keep the anti-theft devices functioning correctly:
 

1

Regular System Checks

 

Professionals advise regular checks to determine if the anti-theft device is performing correctly. See if there are loose connections, physical damage, or signs of wear. A periodic check every few weeks keeps serious problems from developing in the first place.

2

Check Battery and Power Supply

 

Most anti-theft devices have batteries or are connected directly to a power source. To prevent interference, ensure the battery is charged properly and replaced on time. Also, check for corrosion-free power connections in wired devices.

3

Good State of the Sensors and Wiring

 

The performance of the anti-theft device depends on the good state of functional sensors and the critical wiring. Dust, moisture, or physical damage can indeed interfere with their performance. Motion sensors, GPS units, and alarms must be cleaned to avoid failure.

4

Software & Firmware Updates

 

Modern anti-theft systems use software-driven protection. Manufacturers later make updates available to enhance the protection and termination of threats. Occasionally, check for software updates to keep the system running smoothly.

5

Avoid Any DIY Repairs & Unauthorised Modifications

 

Generally, the ideal thing you can do when your anti-theft device has started to malfunction is to take it to an expert. Any do-it-yourself repair or modification may diminish the device's working or ruin the warranty.

6

Protection Against Water and Extreme Temperatures 

 

It is true that malfunction prevention devices, particularly GPS transmitters and alarms, are thought to be susceptible to water and hot or freezing climates. Use protective casings or secure cases for it. This will ensure its best performance.

7

Regular Test of Alarms and Alerts

 

Test regularly, at least once a month, to ensure the alarm and alert system is in good working condition. The system should be activated manually or via a simulated breach to confirm notification reception.

8

Proper Lock mechanism

 

Ensure that all the systems, such as steering, wheel locks, and electronic immobilisers used on your anti-theft system, are in working order. Lubricate mechanical locks to avoid jamming, and see that electronic locks activate properly when engaged.

In conclusion, installing a suitable anti-theft mechanism can help ease anxiety and reduce your insurance payment. Insurers often reward you with lower premiums if you apply extra security. A small investment in a GPS tracker, a heavy-duty lock, or an alarm system can save your bike and minimise costs. So, why take chances? Secure your ride today and enjoy stress-free ownership.

FAQs about Anti-Theft Device Impact On Bike Insurance