If you own a bike you love, you must know that you must have a third-party bike insurance policy. Every two-wheeler (or other vehicle, for that matter) is required by the Motor Vehicles Act of 1988 to have a valid third-party insurance policy. This policy shields you from any resulting legal responsibility if you harm someone or their property.
It’s important to note that a comprehensive Bajaj Allianz two-wheeler insurance policy is recommended as it covers your losses. While they are more expensive than third-party covers due to their extensive coverage, they offer more coverage. Following these five tips, you can find the ideal quote for comprehensive bike insurance.
- Utilise The No Claim Bonus (NCB) You’ve Earned
If you refrain from claiming in a policy year, you earn a No Claim Bonus (NCB). This NCB concession, which ranges from 20% to 50%, grows progressively each claim-free year. Utilise your NCB when renewing your bike insurance policy to secure a lower premium and enjoy substantial savings. ## *
- Renew Your Motorbike Insurance On Time
Bike insurance policies are offered for one to three years before renewal. Delaying renewal can lead to higher premiums and less time for policy comparisons. A lapsed policy can also result in higher renewal costs. To secure the ideal quote, be punctual in renewing your bike insurance.
- Use Caution When Selecting Add-On Covers
You can expand the scope of coverage by adding additional riders from your bike insurance policy to your comprehensive plan. Even though these riders improve the coverage, they come at an additional cost. So, if you decide to choose add-ons, exercise caution. Pick only the essential riders. 24/7 spot assistance, Zero Depreciation, return to invoice, etc. are common add-ons. *
- Keep A Clean Driving Record
Driving safely reduces your risk of accidents and improves your driving record. Fewer accidents result in fewer claims, as well. Your NCB would be highest if you filed a few claims under your Bajaj Allianz two-wheeler insurance policy. Additionally, the insurance provider would know you pose a lower risk. These elements would lower your bike insurance premium, allowing you to obtain the lowest two-wheeler insurance bajaj allianz price. ## *
- Look Around Before You Buy
How many different bike insurance plans are on the market now? There are more than a dozen, and each one claims to offer the ideal features for coverage. Before buying bike
insurance online, you should always compare the available policies to get the ideal one with the ideal premium quotes. Use the internet to compare things easily. Many web aggregators and online brokers claim that comparing various policies is simple. Online brokers are preferable because they give you specialised technical support when you purchase the policy and file a claim. Visit an online broker to compare various bike insurance policies, then buy the one that offers the ideal features and the lowest premium. ##
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*Standard T&C Apply
##All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.