How to save money on bike insurance?
First Published | Nov 29, 2024, 3:39 PM ISTLooking to save on two-wheeler insurance premiums? Learn how to compare policies online, read reviews, and choose a higher deductible for cost-effective coverage.
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Bike Insurance Tips
Two-wheelers are important, bought with hard-earned money or gifted by parents. Protecting them with insurance is crucial in case of accidents or theft. Two-wheeler insurance is crucial for protecting your ride, but premiums can sometimes feel like an added burden. Thankfully, there are ways to make your bike insurance more affordable without sacrificing quality. By comparing policies, reading reviews, and adjusting your deductible, you can find the perfect balance between coverage and cost. This guide walks you through simple yet effective strategies to save money on two-wheeler insurance.
Insurance
1. Compare insurance online
Experts recommend comparing bike insurance online, whether buying new or renewing. This helps find the best policy at the lowest premium. Carefully read reviews to understand the insurance company.
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Bike Insurance
2. Check deductible
A deductible is the amount you pay before insurance coverage kicks in. A higher deductible can lower your premium. Insurers prefer riders with clean driving records, offering them cheaper insurance.
New Bike Insurance
3. Other things
No Claim Bonus (NCB) is a reward for not filing claims. It increases yearly, reducing premiums. Anti-theft devices like GPS trackers and alarms can also lower insurance costs.
Bike Insurance Renewal
4. Choose add-ons
Choose add-on covers like zero depreciation and engine protection. Personal accident cover provides protection in case of injuries.
5. Renew timely
Renew your bike policy on time to ensure continuous coverage and avoid extra costs.
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