Introduction: Bike insurance is crucial for two-wheeler owners, ensuring financial protection against accidents, theft, natural calamities, and third-party liabilities. With numerous insurers offering a variety of policies, selecting the right one can be challenging. This guide lists the 10 best bike insurance policies in India for 2025, covering their features, benefits, and key considerations to help you make an informed decision. Explore the top 10 bike insurance policies in India for 2025. Choose the best two-wheeler insurance with coverage for accidents, theft, natural calamities, and more.
New India Assurance Two-Wheeler Insurance
Why Choose It?
- Coverage: Comprehensive policy covering accidental damage, theft, fire, and third-party liabilities.
- Benefits: Offers a No-Claim Bonus (NCB) and discounts for anti-theft devices.
- Claim Process: Hassle-free claim process and cashless repairs at network garages.
- USP: Backed by the government, ensuring trust and reliability.
ICICI Lombard Bike Insurance
Why Choose It?
- Coverage: Comprehensive coverage with optional add-ons like zero depreciation.
- Benefits: Cashless repairs at 4,500+ network garages.
- Claim Process: Digital claim process via the mobile app.
- USP: Quick and hassle-free claim settlements with a strong reputation.
HDFC ERGO Two-Wheeler Insurance
Why Choose It?
- Coverage: Comprehensive policy covering theft, accidents, and third-party liabilities.
- Benefits: Paperless transactions, overnight claim settlements, and on-road assistance.
- Claim Process: Digital claim filing with quick approvals.
- USP: Highly rated for its customer service and instant policy issuance.
Bajaj Allianz Two-Wheeler Insurance
Why Choose It?
- Coverage: Comprehensive coverage for damage, theft, and third-party liabilities.
- Benefits: Personal accident cover for owners and passengers.
- Claim Process: 24/7 claim support and cashless services.
- USP: Offers a “DriveSmart” telematics feature for safer driving rewards.
Universal Sompo Bike Insurance
Why Choose It?
- Coverage: Comprehensive coverage, third-party liabilities, and accidental damage.
- Benefits: Add-ons like personal accident cover and roadside assistance.
- Claim Process: Simple, fast claim process with 24/7 assistance.
- USP: Offers instant issuance and customization of policies per the rider’s needs.
Royal Sundaram Bike Insurance
Why Choose It?
- Coverage: Comprehensive cover, including protection against theft, accidents, and third-party damages.
- Benefits: Towing services, 24/7 roadside assistance, and hassle-free claim settlements.
- Claim Process: User-friendly claim settlement and cashless service at partner garages.
- USP: Awarded “Best BFSI Brand” in 2021 for its customer-first approach.
SBI Bike Insurance
Why Choose It?
- Coverage: Comprehensive plans that cover accidents, fire, theft, and third-party liability.
- Benefits: Offers personal accident cover for riders and passengers.
- Claim Process: Simple claims procedure and 24/7 customer support.
- USP: Policyholders get the advantage of SBI’s vast banking network and its reputation for trust.
IFFCO TOKIO Bike Insurance
Why Choose It?
- Coverage: Comprehensive protection for third-party liabilities, theft, and damages.
- Benefits include 24/7 claim support, instant online policy, and discounts on anti-theft devices.
- Claim Process: Quick, app-based claim initiation and approvals.
- USP: Digital claim process and strong presence in rural and urban areas.
Acko Bike Insurance
Why Choose It?
- Coverage: Comprehensive coverage at affordable premiums.
- Benefits: Offers door-to-door services, pick-up and delivery for repairs, and 1-day claim settlements.
- Claim Process: Super-fast, fully digital claim process.
- USP: Known for its low premiums and innovative approach to digital-first insurance.
Shriram Bike Insurance
Why Choose It?
- Coverage: Comprehensive coverage, third-party liability, and protection against theft and natural calamities.
- Benefits: The “Name Your Price” feature allows users to select coverage based on budget.
- Claim Process: 24/7 claim support and quick settlements.
- USP: Customizable plans to suit every biker’s needs.
Comparison Table of the Best Bike Insurance Policies in India (2025)
| Insurer | Coverage | Cashless Garages | Add-ons | Claim Process | USP |
|---|---|---|---|---|---|
| New India Assurance | Comprehensive | 2,000+ | NCB, Anti-theft disc | Hassle-free, cashless | Government-backed |
| ICICI Lombard | Comprehensive | 4,500+ | Zero Depreciation | Digital claims via app | Trusted private insurer |
| HDFC ERGO | Comprehensive | 3,000+ | Zero Depreciation | Instant settlements | Paperless, online claim |
| Bajaj Allianz | Comprehensive | 4,000+ | Personal accident | 24/7 support | Telematics feature |
| Universal Sompo | Comprehensive | 3,500+ | Accident forgiveness | 24/7 support | Customizable coverage |
| Royal Sundaram | Comprehensive | 2,500+ | Towing, Roadside Asst | 24/7 support | BFSI Award winner |
| SBI Insurance | Comprehensive | 3,000+ | Accident cover | Simple claim process | Personal accident cover |
| IFFCO TOKIO | Comprehensive | 3,500+ | Anti-theft discount | App-based claims | Rural & urban presence |
| Acko | Comprehensive | Digital-first | No-cost delivery | Fast, 100% digital | Lowest premiums |
| Shriram Insurance | Comprehensive | 2,000+ | “Name Your Price” | 24/7 claim support | Customizable premiums |
How to Apply for Bike Insurance?
- Online Application: Visit the insurer’s official website or use a trusted aggregator site.
- Fill in Details: Enter details about your bike, personal information, and coverage preferences.
- Customize Add-ons: Select add-ons like zero depreciation, roadside assistance, etc.
- Payment: Make an online payment via UPI, debit/credit card, or net banking.
- Policy Issuance: Receive the policy document instantly via email.
What to Consider Before Buying?
- Coverage: Choose between third-party, standalone, or comprehensive insurance.
- Add-ons: Look for add-ons like zero depreciation and roadside assistance.
- Network Garages: We prefer insurers with an extensive network of cashless garages.
- Claim Settlement Ratio: Select insurers with a high claim settlement ratio.
- Premiums: Balance premium affordability with adequate coverage.
Benefits of Bike Insurance
- Legal Protection: Compliance with Motor Vehicles Act.
- Accident Coverage: Financial support for damage and personal injury.
- Theft Protection: Compensation for total loss due to theft.
- Natural Calamities: Protection from floods, earthquakes, etc.
Conclusion
Selecting the right bike insurance policy is crucial for financial protection. The best insurers for 2025, like HDFC ERGO, ICICI Lombard, and Acko, offer a balance of affordability, coverage, and customer service. Consider your coverage needs, budget, and preferred add-ons before deciding. With so many strong options, you can find a policy that fits your needs perfectly.
FAQs
Q. Can I buy bike insurance online?
A. Yes, all the insurers listed offer online policy purchases.
Q. What is a No Claim Bonus (NCB)?
A. An NCB is a reward for not making claims during the policy year, leading to premium discounts.
Q. Are there cashless repair services?
A. Yes, most insurers have a network of garages that offer cashless repairs.
