Four ways to get the best quote for bike insurance

Bike insurance is mandatory for anybody with a bike. It is not only a legal liability but also offers protection in case of third party or own damage in case of an accident. Without bike insurance coverage you stand to lose big with costly vehicle repairs and high costs of hospitalization in case of injury treatment.

A comprehensive insurance that includes third party cover, as well as the losses incurred by you, is advisable. But getting the best quote for your bike is a difficult task. However, with a few hacks and tricks, you can easily get the best quote for bike insurance. Here are four ideal ways to bring down the insurance quote on your bike.

• Get as many quotes as possible: The most effective way of getting the cheapest bike insurance quote is by getting quotes from as many companies as possible. Different companies quote different prices depending upon the location, the brand of the vehicle, your occupation and claim history. If you are residing in a metropolitan city, probabilities are high that you may end up paying more. Check online to see a list of the quotes provided by different service providers and make an informed choice.
• Buy approved security devices: Buying approved security devices (generally ARAI approved devices) like lock chains, locking system, and the like can reduce the risks of your vehicle getting stolen. Subsequently, the insurance premium amount will get reduced. This is because the insurance company will consider you a lower risk profile than other bike owners. In simple terms, added security means lower bike policy premium.
• Buy them online: Almost all the leading insurance companies offer online services for everything from getting a policy to the renewal and the payment of premium amounts. Getting your insurance online has numerous benefits. It not only makes your life easier but also offers you great deals and discounts. Many insurance companies offer their cheapest policies through the web. You can easily compare the offers online using comparing software and websites.
• Opt for premium of more than one year: Not many may be aware but today, insurance providers offer 2 year and 3 year policy coverage too. It is not necessary to make annual payments, keep track of the due date and then pay again next year on time to avoid policy going into lapsed mode. With a 2- year and 3- year coverage, you can pay once and forget about the payment for 2 to 3 years. This way, you cut down on the chances of late payment and can save big.

To get started, one can search online for the various insurance companies in their vicinity and get various deals offered by them. Though word of mouth is the most reliable source, one can get information from reliable sites as well. Mishaps can happen anytime and exploring solutions under such chaotic situations can be difficult. Bikes are more prone to accidents and damages and hence, getting bike insurance is more than a necessity

As per the Motor Vehicles Act of 1988, it is compulsory for every car owner to have a valid third- party insurance in India. But what does this type of car insurance cover? Read this post to find out.