Second-Hand Bike Insurance

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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.
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Renew Used Bike / Second Hand Bike Insurance Policy Online

Owning a two-wheeler has its own excitement, especially when you are young. There was a time when owning any vehicle was a statement of luxury. Even though the number of car owners in India has risen, young millennials will always fancy their bikes and rides.

Other than the everyday models, the Indian market also offers fancy bikes that come with sharp features and exceptional designs. Whether it’s old or new, a good bike is a good bike. Likewise, there are many buyers who like old bikes for the love of vintage.

The use of the two-wheelers has by and large increased in food delivery, courier, and other similar kinds of services. Consequently, the demand for bikes is only increasing, whether it’s a second-hand one or a brand-new one.

Buying a second-hand bike is not a hassle if it is in good condition. But riding a bike, if you have to reach somewhere within a stipulated time, is riskier.

On top of it, the traffic and roads are pathetic, which makes securing yourself and your bike with a bike insurance almost inevitable.

Why is It Important to Insure a Second-Hand Bike?

Why is It Important to Insure a Second-Hand Bike?

Does the second-hand bike you bought look good to you? It might be, but we cannot be sure of the wear and tear from the previous owner. Insurance is essential for your secondhand bike. Why? Let us understand, keeping the following assumptions in mind:

  • Imagine the second-hand bike you bought has a loose gear. While you were riding amidst all the traffic, your gears stopped working, and in moving your way ahead, an accident was caused. This accident damaged the mudguard of your bike and twisted the handle. Insurance, in this case, would cover the cost of repairs for damage to your bike. Hence, an insurance policy is a must for your second-hand bike in any circumstance.
  • An insurance cover will save you from the legal liabilities that may arise if you happen to hit a pedestrian (third-party) while he/she is crossing the road. In the last few minutes, when the traffic light signaled yellow, you tried to cross the road, and at the same time, a pedestrian started to cross the road hurriedly. And in the very next second you both were in an accident. Your hit made him fall to the ground, leading to a fracture in his hand. It was completely your fault, and hence you will be liable to pay for the losses. An insurance policy will pay for the expenses you have to bear for the third-party's bodily injury.
  • To follow the traffic rules while driving is mandatory not only to save yourself but also to prevent hurting others on the road. Think of an evening when a group of boys went on their daily bike ride. One out of those sped up on the second-hand bike he had purchased. Suddenly, a car came from the right side of the road, and it hit him. The driver of the bike fell and died. He had an insurance cover in which he opted for compulsory PA cover for the owner-driver. It will pay the nominee of the owner of the vehicle in case of death and disability. To keep away the financial burden of repairs and treatment after injury due to an accident, we need bike insurance. Use the Bike Insurance Calculator to get the premium for your second-hand bike insurance.

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Things to Check Before You Buy a Second-Hand Bike

Things to Check Before You Buy a Second-Hand Bike

A wise man does not buy or choose anything without analyzing its benefits/features, and when it is a second-hand bike, you need to be dead sure about it. Here are a few things you need to check before buying a second-hand bike:

  • Physically Inspect the Bike: Look at the bike carefully and do some research for things you’ve observed. Keep your eyes open and your intuitive sense active. Find out whether there are any scratches or signs of a hit.
  • Check for Unusual Noise: Start the bike and check whether it makes any noise at the time of idling and acceleration. Other than these, you should check the indicator, lights, and horns for sounds.
  • Verify All the Documents: Check whether the RC has the same identification number as mentioned on the engine. Any discrepancy will create trouble when you make a claim.
  • Know the Service Details: You should ask the owner of the bike about the frequency of the service and the center where it was done.
  • Do Take a Test Ride: Make sure you take the bike for a test drive. Choose a bumpy road on which you can best evaluate the performance of the bike. Its suspension and brakes will show their play.

 

You can also check a more comprehensive guide on things to check before buying a used bike in india. So that you are through with the pointers to check before you purchase your second-hand bike and also know the procedure to transfer the ownership and transfer the insurance in your name. But what if you want a new insurance policy? Does this small issue concern you a lot? Let us see how we can get new insurance for a second-hand bike.

Why Choose Digit Bike Insurance for your Second Hand Bike?

Your second-hand two-wheeler insurance not only comes with a super easy claim process but also with the option to choose a cashless settlement.

Cashless Repairs

Cashless Repairs

9000+ Cashless Network Garages for you to choose from across India

Smartphone-Enabled Self Inspection

Smartphone-Enabled Self Inspection

Quick and paperless claims through Smartphone enabled processes that make you go "That's it?"

Super-fast Claims

Super-Fast Claims

We’ve settled 96% of all two-wheeler claims! Experience claims that make you go “that’s it?”

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

Complimentary Wellness Benefits

Get exclusive wellness benefits on the Digit App offered by top-rated health and wellness partners.

Disclaimer: The total number of claims settled and amount paid in claims is for two-wheeler policies since inception till 31st December-2024. 96% claims settled for Overall Motor line of business of Digit. CSR Is calculated for FY 24-25. CSR Ratio is count of (Claims paid + Claims Closed) / (Claims O/S at Start + Claims Reported - Claims O/S at End). 9000+ cashless garage network count as of 31st March-2025.

Key Features of Used Two-Wheeler Insurance by Digit

Key Features Digit Benefit
Premium Starting from ₹714
No Claim Bonus Up to 50% Discount
Customizable Add-Ons 8 Add-ons available
Cashless Repairs Available at 9000+ Garages
Claim Process Smartphone-enabled Claim process. Can be done online within 7 minutes!
Own Damage Cover Available
Damages to Third-Party Unlimited Liability for Personal Damages, Up to 7.5 Lakhs for Property/Vehicle Damages

What’s Covered in Second-Hand Bike Insurance by Digit?

Bike Accident

Accidents

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

Bike Theft

Theft

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

Bike got fire

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.

What’s Not Covered in Used Two-Wheeler Insurance by Digit?

It is equally important to know what’s not covered in your used 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.

Add-ons not bought

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.

Contributory Negligences

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)

Consequential Damages

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)

Driving without a valid Driving Licence Holder

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.

Add-On Covers with Second-hand Bike Insurance by Digit

Apart from the basic comprehensive bike insurance, it is advisable to extend the coverage if possible. Some of the add-on covers that can be chosen are:

Daily Conveyance Benefit

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 the second-hand two-wheeler is under repair, subject to applicable time excess. A policyholder can be compensated in the form of a fixed allowance per day or coupons from taxi operators for an amount equal to the per-day fixed allowance.

Engine & Gearbox Protection Cover

Engine & Gearbox Protection Cover

Do you know that the cost of replacing your engine is approximately 40% of its cost? In a standard secon-hand two-wheeler insurance policy, only damages caused during the accident are covered. However, with the engine and gearbox protection add-on cover, you can specifically cover the life of your used vehicle for any consequential damages caused post the accident.

Tyre Protect

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 ones equivalent or near equivalent to the ones being used in the vehicle, labour and wheel balancing charges can be reimbursed. However, claims made under the add-on cover are subject to conditions set forth under the vehicle insurance policy.

Consumable Cover icon

Consumable Cover

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

Return to Invoice Cover

Return to Invoice Cover

If you fall into a situation where your used bike is stolen or damaged 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

EV Shield Add-on Cover

EV Shield Add-on Cover

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

Zero Depreciation Cover

Zero Depreciation Cover

Think of it like an effective anti-aging cream for your second-hand bike and its parts. Usually, the required depreciation amount is always taken into 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.

Breakdown Assistance

Breakdown Assistance

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

Some accidents are fatal. Earlier under the Comprehensive Insurance Policy, only the owner was covered. Later, the policy was enhanced by adding the safety cover for the pillion rider also. IRDA has made provision for the pillion rider to be covered under the Third Party Liability Policy. In case of an accident, the pillion rider will be covered for a sum of Rs. 3 lakhs. And in case the pillion rider dies, the next of kin will be compensated Rs. 5 lakhs.

How to Buy/Renew Used Bike Insurance online?

How to Buy/Renew Used Bike Insurance online?

Consider you bought a Royal Enfield Bullet, more than 10 years old, from your close friend. You have a passion for bike rides, but before you start to use it, you want insurance cover for the same.

It is good that you are being wise and choosing safety over challenges. But the procedure to procure the insurance policy when you are buying a second-hand bike is completely different. For that, you can choose either of the two:

  • Continue with Same Insurer: You can continue with the existing insurance with a request for the change of name in the policy. The insurance company will issue an endorsement to you. You will have to produce the proof of transfer of ownership.
  • Switch to New Insurer: You can ask for the new policy from the insurer of your own choice. In this case, a survey will be arranged for the bike post which the policy will be issued.

How to Transfer Bike Insurance?

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Apply for Insurance Transfer

Apply to the insurance company within 15 days of the bike ownership transfer.

Verification and Update

Submit required documents and once the insurer verifies it, the policy will be updated with the new owner’s name.

Premium Calculation and NCB Benefits

Submit third-party insurance for premium calculation. If eligible, use the No-Claim Bonus certificate to get discounts on your next vehicle’s insurance.

How to Renew Second-Hand Bike Insurance with Digit?

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Enter Bike Details

On the Digit App or website, enter your bike’s registration number and click on view prices.

Choose a Plan

Select the type of used bike insurance plan and choose desired add-ons.

Enter Personal Details

Enter your personal, nominee and vehicle details, and start the payment.

Complete Payment & KYC

Complete the payment and mandatory KYC verification process. Once completed, the policy will be issued and available in Digit App.

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