Why Should New Bike Owners Always Opt for Comprehensive Insurance?

Purchasing a new bike is an exciting milestone, but with this investment comes the responsibility of protecting it. While most riders settle for the mandatory third-party cover, just to get by the law, it is not enough to safeguard their own vehicle. This is where comprehensive bike insurance becomes essential.

It provides wider protection, shielding your new two-wheeler from accidents, theft, natural calamities, and more. In this blog, we will explore why comprehensive coverage is crucial and how you can choose the best plan for your new ride.

5 Reasons for New Bike Owners to Get Comprehensive Insurance

According to a recent analysis, about 57% of two-wheeler owners in India currently opt for comprehensive insurance instead of just third-party cover. As you get yourself a new bike, here are the 5 reasons why you should go for comprehensive bike insurance as well:

1.     Protection Against Your Own Damages

A major advantage of comprehensive bike insurance is that it covers damage to your own vehicle, something third-party policies do not offer. New bikes are especially vulnerable during the learning phase. With comprehensive coverage, the insurer pays for damages caused by:

• Accidents
• Natural or Man-Made Disasters
• Fire
• Theft
• Transportation

It eases the financial burden on you and ensures your new bike stays in top condition.

2.     Personal Accident Cover

Safety should always come first, and personal accident cover ensures exactly that. Comprehensive plans include personal accident cover that provides compensation in case of injuries, permanent disability, or fatal accidents of the driver-owner.

Moreover, getting a personal cover has become a recent mandate in India, and all insurers need to provide up to ₹15 lakh for the same cover. This makes comprehensive plans far more valuable than basic bike insurance policies.

3.     Customisation with Add-Ons

One size does not fit all, especially when it comes to insurance. Comprehensive policies allow you to customise your coverage through add-ons that enhance protection and convenience.

Some of the add-ons that you can get for your new bike include:

• 24x7 Road Side Assistance
• Consumable Expenses
• Zero Depreciation Cover
• Engine Protector
• Return to Invoice (RTI) Cover

This flexibility to build your own protective shield makes comprehensive cover far more robust than standard bike insurance plans.

4.     Zero Depreciation Benefit

Since you have a new bike, you can easily enjoy the benefit of a zero depreciation cover, as insurance usually restricts this for bikes older than 5 years. Without it, you pay a part of the repair cost from your pocket, even when you make a successful claim. But with a zero-dep cover, your insurer pays the full cost for replaced parts without factoring in depreciation.

For a new bike, this means:

• Higher claim payouts
• Lower out-of-pocket costs
• Better value for expensive parts

Pairing zero depreciation with comprehensive bike insurance ensures maximum financial protection throughout the initial years of ownership.

5.     Added Peace of Mind

The most important benefit you get with comprehensive bike insurance is the mental comfort of knowing your new bike is protected from almost every risk. For new riders who are still building confidence, this protection is especially valuable.

5 Tips to Get the Best Comprehensive Insurance for a New Bike

Here are 5 tips you can use to get the best comprehensive bike insurance for your new bike:

1.     Compare Insurers and Policies Online

To get the best deals, always check coverage details, premiums, benefits, exclusions, and claim settlement ratios. While buying bike insurance online, your investment as a new owner needs to be well-researched.

2.     Understand and Set the Correct Insured Declared Value (IDV)

A higher IDV gives you broader protection, while a lower one reduces premiums but may lead to insufficient compensation later. Ensure the IDV accurately reflects your bike’s value to avoid financial loss during claims.

3.     Select Essential Add-On Covers

Add-ons strengthen your policy and can be vital for new owners. They can increase the premium slightly; however, they raise the value and reliability of your comprehensive bike insurance.

4.     Evaluate the Insurer’s Claim Process

See that your insurer has a high claim settlement ratio, a quick claim process, and 24/7 support. This will save you a lot of stress in future while filing claims.

5.     Leverage Discounts

Many insurers offer discounts through no-claim bonuses, online purchases, anti-theft device installations, or more. As a new bike owner, use these to get the best cover without compromising on coverage.

Bottom Line

For new bike owners, comprehensive bike insurance is more than just a recommended choice; it is a necessity. With protection against damages, theft, accidents, and unexpected emergencies, this policy ensures your investment stays safe from day one. So, to enjoy your peace of mind, get complete protection for your ride.