How to save big on bike insurance?

Are you planning to buy a two-wheeler? It does sound enticing. By now, you would have started looking for options regarding which two-wheeler to buy. Now that you are determined to buy a motorcycle, do not forget to buy comprehensive bike insurance. It will shield you from any unwanted monetary expenses caused by human-made and natural calamities.

How to save big on the insurance?

All of us want to save money, and saving is always a good idea. You can also invest the saved funds in an investment instrument or one of your bank accounts. Moreover, savings does not mean you compromise on the quality. The same applies to two-wheeler insurance too. In India, buying third-party liability is mandatory. So, how to save on the comprehensive plan? Here are some tips:

Buy or renew online

Buying insurance offline is always a handy option, but that has become outdated now. It is always better to buy online bike insurance as it is quick, easy, and convenient. Besides, doing a two-wheeler insurance renewal is easier than the offline process. If you buy the insurance offline, you might need to pay the intermediary, insurance agent, and so on, some amount, which increases your premium costs.

The best way to find the best deal is online, where you can judge the offers. You get the insurance for discounted rates as the operational costs are low, and the insurer need not pay any sum to the broker or the insurance agents. Therefore, for saving big, buy the insurance online.

Research, analyse and compare

The other best part about buying the insurance policy online is that you can make a better decision from the plethora of options available and clearly understand specific aspects. For buying the best deal, it is better to compare the quotes. Moreover, you can calculate the premiums you would end paying more by using the premium calculator and getting the best plan. Comparing and analysing the features offered helps you get a discounted offer.

Remember, 2-wheeler insurance quotes and features differ between insurers. Also, you need not buy separate cover from every insurer. Instead, zero down on a policy, which offers the perfect coverages as well. You should also make sure not to lock the insurance based on the minimum premium cost. Look instead for the plan that provides you with the maximum coverage at an optimal price.

Be alert and drive safely

We sometimes underestimate the consequences of driving at high speed. There are so many road accidents happening in and around India. Speed thrills do build excitement, but that does not mean you risk your life. Therefore, you must follow the traffic rules and regulations and not violate them as they are intended to safeguard us. Besides, driving safely will offer you a claim-free year and the benefit to earn a No Claim Bonus.

The NCB implies you are eligible for premium discounts at the time of bike policy renewal. Besides, they increase every passing year. This is valid until you make a claim.

Install anti-theft devices

There are so many cases registered in the police station concerning vehicles stolen or vandalised. Buying any two-wheeler does involve a hefty sum. And if you lose out on the motorcycle, it drains you emotionally and physically. So, why not take additional protection and install anti-theft devices? Installing the same is beneficial as it protects your vehicle from theft and leads your bike insurance company to offer you savings options for installing the device.

Be mindful while buying the anti-theft device. The Automotive Research Association should approve them.

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