Bike Anti-Theft Devices and Their Impact On Bike Insurance Rates?

Numerous factors can result in the need for add-ons to your bike insurance. One of these elements is attaching the bike with an anti-theft device. Let's see how an anti-theft device affects the cost of your two wheeler insurance online or offline.

What does a bike anti-theft device do?

If someone tries to steal a bike, an anti-theft gadget for bikes protects it with the help of a loud alarm. Some of them are automatic bike anti-theft devices, while others are manual.

What effect does installing an anti-theft device have on the cost of bike insurance?

A theft claim can be significant because insurance is required to cover the bike's current market value. Therefore, using an anti-theft mechanism is safe; most insurers may reduce two wheeler insurance online prices due to the same.

Does bike insurance include theft coverage?

Only if you select the comprehensive bike insurance policy does a policy give broad coverage*. This kind of insurance also protects you against bike theft and damage.

Advantages of a bike anti-theft device in India -

The advantages of fitting an anti-theft system into your bike in India are listed below:

1. Attempts at bike theft prevention: Depending on the anti-theft gadget you install, it may either shut off the bike's engine, sound an alarm, or send you a text message. All these are just precautions you can take to prevent bike theft that enable you to react if it happens.*
2. Rewards on the cost of bicycle insurance: The insurance provider may value your efforts in securing the bike with the security system and can give you a reduction in the bike insurance price in return. It’s easy to check for apt prices online with the help of a two wheeler insurance premium calculator.
3. Timely claim resolution: The insurance provider can help in a quick resolution if you find yourself in such a situation.
4. Avert a loss of money: You may be able to recoup some of the money you spent on the bike up front, if you file a claim and receive the settlement sum.

Imagine that you rode the bike for two years before it was stolen. The determination of its value may depend upon two years' worth of depreciation. It is known as the bike's Insured Declared Value (IDV).

1. Hassle-free updates: Completing this process can take some time. However, checking in with the authorities about the progress of your request may help.

If you get ARAI-approved equipment, it may help you earn a reduction in the bike insurance price. These are the typical types of bike anti-theft devices:

• Immobilizer - The handle lock is the most typical choice. Your bike's handle can only move if you use the key for the lock.
• Track location - Along with assisting you in getting to a specific spot, this gadget can also suspect theft and send a notification to your phone.
• Alarms - When someone tries to take the bike, an anti-theft alarm, which uses sound to deter theft, goes off. Therefore, the loud noise can warn others and prevent bike theft if you aren't around the bike.
• Engine switch - Once installed, all you need to do to prevent the engine from starting is flick the switch back to turn it on.

Some bikes have alarm systems installed for increased security. However, since only a few manufacturers produce bikes with such devices, it is recommended that you attach an anti-theft device separately. After installing a bike anti-theft device, you must notify your two wheeler insurance online or offline provider of the increased security.

‘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.