How to protect your bike with suitable insurance policy? Bikes are full of fun and adventure rides. But it’s not only about the rides at times you also have to protect your dream vehicle from natural perils or man-made incidents. Even a small accident will cost you thousands of rupees. Imagine you driving the bike and you meet with an accident and your damage third party property, health or there is a loss of life. If you’re not covered with sufficient insurance cover you will have to pay for it. This can burn a huge hole in your pockets. Therefore, it is important you own a suitable bike insurance cover to ensure that your risk is being covered at the right price. Bike premiums are high as the risk involved is more. Here are some factors to determine the bike insurance: Age Age is an important factor in determining the cover. When you’re young you tend to drive reckless or may new and prone to mishaps, the premium is bound to be slightly higher. But as you age gradually you learn to drive with more responsibility and care which will lead to overall improvement of your bike performance and safety. Hence, age is important in concluding the premium. Type & Bike Model The types and bike model is also very essential factor in calculating bike insurance. Sport bike will obviously come with higher cc, fully automated parts, and therefore the premium are tend to be higher compared to normal bikes. Engine Size Larger the engine more would be the maintenance and repair costs. Thus, the companies would evaluate the bike engine parts thoroughly before providing bike insurance. Place of usage Bike being used in hilly area, highly hot or cold regions will obviously vary in the life span also the risk involved will be more. Therefore, it is important factor to decide on bike insurance cover. In crowded cities risk is more compared to rural areas. So, the more risk the higher would be premium. Driving History If you practice safe driving habits the premium would be low and you’re entitled to NCB bonuses which you can use for next renewal. On the other hand if you flout traffic rules, have higher accident history or constantly receive traffic challans then your premium will be higher. Parking place
The place where you park your bike also matters a lot. If you park in riot prone area or theft prone area the risk increases and therefore insurance premium varies. Modification or Add-Ons Getting your bike modified to enhance the appearance will obviously tend to get costlier for repair and hence the premium would be high. On the other hand, if you go for some safety upgrade it would yield lesser premium as the risk will be reduced. With the development of internet, today picking your premium rates has become as simple as click of the button from the place of your choice and comfort. You can now compare and purchase two wheeler insurance online at affordable rates. Check insurers’ websites, their policies structure, available option, rider benefits, charges incurred and then go for suitable bike insurance plan. At the end of the day it’s your mind satisfaction which matters while buying a policy. Online comparison gives full transparency as everything present here is a genuine piece of information because insurance companies abide by the rules and regulations of publishing or listing rates online.