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Buy New Bike Insurance Policy Online and Get Huge Discounts
Finally got that two-wheeler? We’re happy for you! But as an expert, we would like you to also think about its protection; and it's very simple - you can protect it by simply getting it insured and we’re here to guide you through just that.
Table of Contents
What is New Two-Wheeler Insurance?
How Does a Bike Insurance Work?
Why is It Important to Insure a New Bike?
Things to Consider When Buying New Bike Insurance
Why Choose Digit?
What's Covered & Not Covered
Key Features
New Bike Insurance Plans in India
Buy New Bike Insurance Online
How to Download Digit Two-Wheeler Insurance Policy Document?
How to File & Track a Two-Wheeler Insurance Claim with Digit?
Importance of IDV When Buying New Two-Wheeler Insurance
Frequenlty Asked Questions
What is New Two-Wheeler Insurance?
- New two-wheeler insurance is an insurance policy designed to protect your two-wheeler against damage or loss. It typically includes coverage for damages resulting from accidents, natural disasters, fire, theft, etc.
- You need bike insurance for new bike as it will financially protect you and reduce your out-of-pocket expenses in case you get into an accident. You can choose from 3 types of bike insurance plans catering to your specific needs.
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 is It Important to Insure a New Bike?

Getting bike insurance for new bike is important due to the following reasons:
- Legal Requirement: In India, having at least third-party insurance is mandatory. It covers your new bike against financial liabilities to any third party caused due to your vehicle.
- Financial Protection: In case of accidents, theft, or damage, a new bike insurance will financially back you up in such situations.
- Peace of Mind: Knowing that your new bike is protected at all times with a bike insurance policy allows you to ride with confidence.
Things to Consider When Buying New Bike Insurance

There are several factors to keep in mind when buying bike insurance for your new bike. Paying attention to them will ensure that you fetch an ideal level of cover. Some of these factors are given below:
- Compare Rates Online: Go online to compare the bike insurance premium rates. You can also buy your policy online as there are various options available. The best part of buying a policy online is there is no paperwork involved, just put down your details online and you are sorted. You can also use Bike Insurance Calculator to calculate and compare the premium.
- Policy Type: Know the policy types, it is very important to know the options you have to make an appropriate decision. Choose third-party insurance or a comprehensive plan depending on your insurance needs.
- Add-Ons: Choosing the right bike insurance add-ons along with your policy can give you maximum benefits. Some of these are, Zero Depreciation cover, NCB cover, Return to Invoice Cover and Engine Protect cover, and more.
- Right IDV: Right IDV plays an important role in choosing or renewing your bike policy. The higher the IDV, the higher is the compensation at the time of unforeseen situations.
- Claim Procedure: This is very important; this process should be super-fast and hassle-free. Check the claim history of the insurer from sources such as their social media channels, official website and customer reviews.
Why Choose Two-Wheeler Insurance by Digit?
What’s Covered in New Bike Insurance by Digit?
What’s Not Covered?
It is equally important to know what’s not covered in your new bike 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.
Add-On Covers with Digit New Bike Insurance
Two-wheeler insurance add-ons that you can buy with your new bike 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.
Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25

When it came to motor insurance specifically, Digit showcased a high-efficiency Claims Settlement Ratio (CSR), with 96% of motor claims settled seamlessly and we make this simple with:
Smartphone-enabled self-inspection process, with which you can file your claim in minutes!
Cashless Claims at over 9000+ garages in India, so you can get your two-wheeler fixed without stress.
Everything digital and paperless. No need for hard copies—just upload everything on our app, and you're all set!
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
Digit Insurance launches “that’s it!” ad campaign with Virat Kohli
- 14 Jun 2024
- The Economic Times
Dogs, coconuts and monkeys: Insure your vehicles from their mayhem right now!
- 20 Jun 2024
- Business Insider
Third-Party Vehicle Insurance: Insurers in distress over three-year rate pause
- 04 Mar 2025
- Mint
Key Features of Two-Wheeler Insurance by Digit
Interesting Insights & Claim Stories of Digit Customers
A Digit Two Wheler Insurance Customer Received a Total Loss Claim of ₹3.22 Lakh in Bengaluru
In a recent case from Bengaluru, one of our policyholders experienced a total loss after their two-wheeler was severely damaged. Fortunately, the vehicle was insured, and we processed a claim payout of ₹3.22 lakh. This case highlights the importance of having dependable insurance coverage to stay prepared for life’s unexpected turns.
Digit Settled a Third-Party Claim Worth 1.12 Crores in Hoshiarpur, Punjab
In a recent case from Hoshiarpur, one of our policyholders was involved in a two-wheeler accident that tragically resulted in a third-party fatality. In this case, the vehicle was covered under a valid third-party insurance policy, and we processed a claim payout of ₹1.12 crore to address the resulting liability. This case highlights the vital role third-party insurance plays—even for smaller vehicles like two-wheelers—in offering essential protection during unforeseen events.
Rat Attacks on Two-Wheelers on the Rise
In Surat, a bike owner faced an unusual problem—rats chewed through the wire harness not once, but twice in a single year, all while the vehicle was parked safely at home! Thankfully, the insurance policy included coverage for such unexpected damages. Both times, the repair costs were fully covered, saving the owner from out-of-pocket expenses.
This case proves that insurance isn’t just for accidents or theft—it also protects against the most unexpected (and smallest) threats.
BSVI Becomes the New Standard in Vehicle Insurance
BSVI-compliant vehicles now make up 39% of the insured fleet, surpassing BSIV at 36.46%. This shift reflects a growing move toward cleaner, more efficient vehicles. Insurance is evolving alongside the vehicles it protects.
From Everyday Drives to Luxury Rides – Digit is the Trusted Insurance Choice
This year, we received some standout premium payments across different vehicle types. A Ferrari topped the list in the four-wheeler category with a premium of ₹8.04 lakh. In the two-wheeler segment, a Hayabusa was insured with a premium of ₹44,000. And in the commercial vehicle category, a Volvo L150 wheel loader was covered with a premium of ₹3.53 lakh. This highlights how our insurance scales to match the value and purpose of every vehicle, whether it’s built for speed, style or strength.
New Bike Insurance Plans in India
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
Importance of IDV When Buying New Two-Wheeler Insurance
- IDV or the Insured Declared Value of the two-wheeler is the maximum amount your insurer will give you, in case your bike is completely damaged or stolen. We know low premiums are luring but it will not give you maximum financial benefit. That’s why you should always check the IDV you are being offered and not just the premium.
- We suggest you choose higher IDV, you know why? In the case of the total loss of your bike, a higher IDV leads to higher reimbursements.
- At Digit, we let you customise your IDV as per your choice because we want you to make the right decision without any compromises.
FAQs about New Bike Insurance
What is new bike insurance?
New bike insurance is an insurance policy purchased for newly bought two-wheelers that protects them against various risks.
Why should I buy insurance for new bike?
New bike insurance is crucial as it covers your new vehicle from financial losses from accidents, theft, or damage, and also allows you to comply with legal requirements.
How can I buy new bike insurance online?
You can buy new two-wheeler insurance online by visiting Digit’s website or app. Then provide your vehicle details, select bike insurance plan you want, pay the premium and you’re done!
What documents are required to purchase new bike insurance?
You will need a bike registration certificate, identity proof, and address proof.
How is the new bike insurance price calculated?
New bike insurance price depends on various factors such as bike model, age, location, coverage type, and rider's driving history.
What is a No Claim Bonus (NCB) in new bike insurance?
It is a discount offered on the bike insurance premium as a reward for not making any claims during the previous policy period.
What is the process for new bike insurance renewal?
To do new bike insurance renewal, visit Digit’s website or app, select the policy type, enter your previous policy details, review and update information, and make the payment.
Is it mandatory to have insurance for new bike in India?
Yes, having at least third-party bike insurance is mandatory by law in India.
What is the difference between third-party and comprehensive new bike insurance?
Third-party plan covers only liabilities to third parties, whereas a comprehensive plan covers third-party liabilities as well as damage to your own bike.
How long does it take to get new bike insurance?
You can buy new bike insurance online instantly, usually within a few minutes.
What happens if I don’t do my new bike insurance renewal on time?
In such a case, your bike insurance policy will lapse, and you won’t be covered financially anymore. Not having an active insurance policy will also lead to legal issues.
Can I switch my new bike insurance provider after purchasing the policy?
Yes, you can switch providers at the time of renewal.
What are the exclusions in the new bike insurance?
Common exclusions include wear and tear, mechanical breakdowns, and driving under the influence of alcohol.