7 Tips To Reduce The Premium On Your Bike Insurance

We all know how popular two-wheelers are on Indian roads. They zip through traffic, making our daily commutes a breeze. But it’s important to protect our bikes with insurance in case of an unfortunate incident.

And guess what?

We’ve got some awesome tips to help you reduce the premium on your two-wheeler insurance. In other words, you can get the best coverage at a lower cost! We’ll tell you how to make the most of the No Claim Bonus in bike insurance and find the right comprehensive two-wheeler insurance policy. So, let’s unravel the secrets to saving money on your bike insurance.

Tips to reduce the premium on your bike insurance

When it comes to saving on your two-wheeler insurance premium, knowledge is power. Understanding the components that make up your premium can make a big difference. Being informed lets you make smart decisions when purchasing or renewing your insurance policy. Here are 7 tips that can help you reduce your bike insurance premiums.

1. Compare Insurance Policies

Comparing insurance policies is a crucial step when it comes to reducing your two-wheeler insurance premium. Take advantage of the internet, explore different insurers to get quotes, and understand the coverage options available. For example, you may find that Insurer A offers comprehensive coverage with additional benefits at a lower premium than Insurer B. By comparing policies, you can make the right decision and choose the one providing maximum coverage at an affordable price. Remember, it’s not just about the premium cost but also the coverage and benefits each policy offers.

2. Choose Suitable Add-on Covers

When selecting your two-wheeler insurance policy, it’s essential to consider the add-on covers available. While these additional covers provide extra protection, it’s crucial to choose wisely to avoid increasing your insurance rate unnecessarily. For instance, if you primarily use your bike for daily commuting and don’t venture into off-road terrains, opting for off-road coverage would be redundant, resulting in a higher premium. Instead, focus on add-ons like zero depreciation or roadside assistance that align with your needs and provide value for the premium you pay.

3. Avoid Raising Small Claims

One of the key factors affecting your two-wheeler insurance premium is your claim history, especially when it comes to the No Claim Bonus (NCB). Insurers offer a No Claim Bonus in bike insurance as a discount for not raising any claims during the policy tenure. Let’s say you have a minor scratch on your bike that requires a small repair. Instead of raising a claim for such a minor issue, it’s advisable to bear the repair cost yourself. You can retain your NCB by avoiding small claims, significantly reducing your premium during policy renewal. Remember, the more NCB you accumulate, the higher the discount on your premium.

4. Renew Your Insurance Policy on Time

Renewing your two-wheeler insurance policy before its expiration date is of utmost importance. Allowing your policy to lapse can lead to severe consequences, including losing out on the No Claim Bonus in bike insurance benefits. Let’s say your policy expires on May 31st, and you fail to renew it until June 15th. In such a scenario, you will lose the NCB discount during renewal. To avoid this, make a note of your policy’s expiry date and ensure timely renewal. By renewing on time, you not only maintain your NCB but also avoid potential penalties and higher premiums associated with policy lapses.

5. Opt for a Higher Deductible

When settling a claim, you are typically required to pay a deductible, i.e., the portion of the repair or replacement cost you must bear. When you choose a higher deductible, it can result in a lower two-wheeler insurance premium. By opting for a higher deductible, you essentially take on a greater share of the financial responsibility in case of an incident. Assess your financial situation and determine a deductible amount you can comfortably afford. However, keep in mind that you should have sufficient funds set aside to pay the deductible if you need to make a claim

6. Install Anti-Theft Devices

Installing approved anti-theft devices on your two-wheeler can help reduce your insurance premium. These gadgets serve as a deterrent to potential thieves and demonstrate your commitment to protecting your vehicle. For instance, fitting your bike with a GPS-enabled tracking system or an alarm system approved by the Automotive Research Association of India or ARAI can earn you a discount on your insurance premium. By investing in these security measures, you not only safeguard your bike but also enjoy the benefit of lower insurance costs.

7. Maintain a Good Driving Record

This plays a significant role in determining your two-wheeler insurance premium. Insurance companies often review your driving habits and history to assess the level of risk associated with insuring your bike. To keep your premium lower, strive to maintain a clean driving record. Avoid traffic violations, accidents, and claims that could negatively impact your insurance rates. Safe and responsible riding not only keeps you and others protected on the road but also helps in reducing your insurance costs over time.


You can reduce your two-wheeler insurance premium by implementing these tips and strategies. From comparing policies to leveraging the NCB and opting for suitable add-ons, you can lower your premiums for comprehensive two-wheeler insurance. Remember, maintaining a clean driving record and timely policy renewals are essential. By prioritising these factors, you can enjoy the benefits of affordable two-wheeler insurance while safeguarding your bike and maximising the advantages of a no-claim bonus in bike insurance.


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