Picture this: you’re cruising on your dream bike, the wind in your hair, and the open road ahead. But what happens if an accident, theft, or natural disaster throws a wrench in your ride? That’s where bike insurance comes in—a must-have to keep your two-wheeler and wallet safe.
In India, with over 25 general insurance companies offering two-wheeler policies, picking the right one can feel like navigating a busy highway. Don’t worry! We’ve rounded up the top 10 best bike insurance plans in India for 2025, based on claim settlement ratios (CSR), coverage options, and affordability. Let’s hit the road and find the perfect plan for you!
Why Bike Insurance is a Must in 2025
In India, the Motor Vehicles Act, 1988, makes third-party bike insurance mandatory, with fines up to ₹2,000 or 3 months’ imprisonment for non-compliance. New bikes require a 5-year third-party policy at purchase. But beyond legal requirements, a good bike insurance plan protects you from financial shocks due to accidents, theft, or natural calamities like floods. Here’s why it’s essential:
- Legal Compliance: Avoid hefty fines and legal hassles with at least third-party coverage.
- Financial Protection: Covers repair costs, theft, or third-party liabilities, saving you from unexpected expenses.
- Peace of Mind: Ride worry-free, knowing your bike and liabilities are covered.
- Customizable Add-ons: Enhance coverage with options like zero depreciation or roadside assistance.
With so many plans available, let’s explore the top 10 bike insurance plans for 2025, sourced from trusted platforms like Policybazaar, InsuranceDekho, and PayBima.
Top 10 Best Bike Insurance Plans in India 2025
1. Bajaj Allianz Comprehensive Bike Insurance
Bajaj Allianz is a household name, known for its reliable coverage and vast garage network.
- Claim Settlement Ratio (2023-24): 99.04%
- Key Features: Covers accidents, theft, natural disasters, and third-party liabilities. Offers add-ons like zero depreciation, roadside assistance, and pillion rider cover.
- Premium: Starts at ₹538/year for a 150cc bike.
- Why Choose?: 4,500+ cashless garages and a No Claim Bonus (NCB) up to 50% for claim-free years.
- Best For: Daily commuters needing all-around protection.
2. HDFC ERGO Comprehensive Two-Wheeler Insurance
HDFC ERGO blends affordability with extensive coverage, perfect for tech-savvy riders.
- Claim Settlement Ratio: 100% (as per OkBima)
- Key Features: Includes own-damage, third-party liability, and add-ons like engine protection and consumables cover.
- Premium: Approx. ₹1,200/year for a 150cc bike with comprehensive coverage.
- Why Choose?: 6,800+ network garages and online policy purchase with up to 20% discounts.
- Best For: New bike owners seeking cashless repairs.
3. ICICI Lombard Two-Wheeler Package Policy
ICICI隆bard offers flexible plans with a strong focus on customer convenience.
- Claim Settlement Ratio: 98.52%
- Key Features: Covers theft, accidents, and third-party damages. Add-ons include zero depreciation and roadside assistance.
- Premium: Starts at ₹1,300/year for comprehensive coverage.
- Why Choose?: 6,000+ cashless garages and quick claim processing via their app.
- Best For: Urban riders wanting seamless digital support.
4. Tata AIG Comprehensive Bike Insurance
Tata AIG combines trust and affordability, making it a top choice for budget-conscious riders.
- Claim Settlement Ratio: 98.59%
- Key Features: Covers natural/man-made calamities, theft, and third-party liabilities. Offers add-ons like accessory protection.
- Premium: Around ₹600/year for a 100cc bike.
- Why Choose?: 24/7 customer support and 8,000+ network garages.
- Best For: Young riders with smaller bikes.
5. ACKO Comprehensive Bike Insurance
ACKO’s digital-first approach makes it a favorite for hassle-free insurance.
- Claim Settlement Ratio: 97% (as per OkBima)
- Key Features: Covers own-damage, theft, and third-party liabilities. Offers smartphone-enabled self-inspection and add-ons like zero depreciation.
- Premium: Starts at ₹457/year for basic comprehensive plans.
- Why Choose?: 4,400+ cashless garages and no paperwork for claims.
- Best For: Tech-savvy users who prefer online processes.
6. SBI General Two-Wheeler Insurance
Backed by the State Bank of India, SBI General offers reliable and affordable plans.
- Claim Settlement Ratio: 94% (as per OkBima)
- Key Features: Comprehensive coverage with add-ons like NCB protection and personal accident cover.
- Premium: Approx. ₹1,000/year for a 150cc bike.
- Why Choose?: 16,000+ cashless garages and customized pricing for riders aged 25–55.
- Best For: Riders seeking trusted public-sector insurance.
7. Cholamandalam MS Comprehensive Bike Insurance
Cholamandalam MS is known for its high CSR and flexible plans.
- Claim Settlement Ratio: 99.02%
- Key Features: Covers accidents, theft, and third-party damages. Add-ons include roadside assistance and consumables cover.
- Premium: Starts at ₹700/year for a 125cc bike.
- Why Choose?: High CSR and efficient claim settlement process.
- Best For: Riders needing reliable claim support.
8. New India Assurance Bike Insurance
A public-sector giant, New India Assurance offers robust coverage for worst-case scenarios.
- Claim Settlement Ratio: 98.76%
- Key Features: Includes unlimited third-party liability for death/injury and own-damage coverage.
- Premium: Around ₹800/year for comprehensive plans.
- Why Choose?: Strong financial backing and wide coverage options.
- Best For: Riders prioritizing stability and extensive coverage.
9. Royal Sundaram Two-Wheeler Insurance
Royal Sundaram offers affordable premiums with customizable options.
- Claim Settlement Ratio: 98.77%
- Key Features: Covers natural disasters, theft, and third-party liabilities. Add-ons like zero depreciation and engine protection available.
- Premium: Starts at ₹650/year for a 100cc bike.
- Why Choose?: Easy online renewal and no vehicle inspection required.
- Best For: Budget-conscious riders with older bikes.
10. IFFCO Tokio Two-Wheeler Insurance
IFFCO Tokio is a reliable choice with excellent customer service and coverage.
- Claim Settlement Ratio: 99.03% (FY 2018-19, per InsuranceDekho)
- Key Features: Covers accidents, theft, and third-party liabilities. Offers add-ons like towing and zero depreciation.
- Premium: Approx. ₹538/year for basic comprehensive plans.
- Why Choose?: 24/7 support and a wide network of cashless garages.
- Best For: Riders seeking round-the-clock assistance.
Key Factors to Choose the Best Bike Insurance Plan
With so many options, how do you pick the right plan? Here are key factors to consider:
- Claim Settlement Ratio (CSR): A high CSR (above 95%) ensures reliable payouts. HDFC ERGO (100%) and Bajaj Allianz (99.04%) lead here.
- Cashless Garage Network: More garages mean easier repairs. SBI General (16,000+) and HDFC ERGO (6,800+) excel.
- Premium Affordability: Compare quotes on platforms like Policybazaar or Square Insurance. ACKO and IFFCO Tokio start as low as ₹457/year.
- Add-ons: Zero depreciation, roadside assistance, and NCB protection enhance coverage. Check availability with ICICI Lombard or Tata AIG.
- Customer Support: 24/7 assistance, as offered by IFFCO Tokio and Bajaj Allianz, ensures quick help.
- Ease of Purchase: Digital-first insurers like ACKO and Go Digit offer paperless processes.
Example: For a 30-year-old with a 150cc bike in Delhi, a comprehensive plan from Bajaj Allianz (~₹538/year) with zero depreciation and roadside assistance add-ons offers full protection at a budget-friendly price.
How to Buy the Best Bike Insurance Plan in 2025
Ready to insure your bike? Follow these simple steps:
- Assess Your Needs: Choose comprehensive coverage for full protection or third-party for budget constraints.
- Compare Plans: Use platforms like Policybazaar.com, InsuranceDekho.com, or SquareInsurance.in to compare CSR, premiums, and add-ons.
- Check Add-ons: Opt for zero depreciation or roadside assistance if you ride frequently or own a premium bike.
- Provide Accurate Details: Share your bike’s registration number, engine capacity, and personal details for correct quotes.
- Buy Online: Platforms like GoDigit.com or IFFCO Tokio’s website offer instant policy issuance and discounts up to 20%.
Tip: Renew on time to retain your No Claim Bonus (NCB), which can save up to 50% on premiums!
Summary: Protect Your Ride Today
Choosing the best bike insurance plan in India for 2025 is about finding the right balance of coverage, affordability, and reliability. Bajaj Allianz and HDFC ERGO lead with high CSRs and extensive garage networks, while ACKO and IFFCO Tokio offer budget-friendly digital solutions. ICICI Lombard, Tata AIG, and SBI General cater to diverse needs, and public-sector options like New India Assurance provide stability. Cholamandalam MS and Royal Sundaram round out the list with flexible, affordable plans.
Don’t let an unexpected mishap derail your ride. Compare plans on Policybazaar or InsuranceDekho, pick a trusted insurer, and secure your bike today. As the open road calls, ride with confidence knowing you’re protected
