Life has its own way of throwing curveballs when we least expect it. One moment, you may be just enjoying a peaceful bike ride on a highway. And, all of a sudden, a small dog can run in front of you, and to avoid hitting it, you crash your bike into a tree. Now, say you don’t have any bike insurance- without it, this minor incident can become a significant financial burden and lead to expensive repairs and medical bills. This is why you should have a reliable bike insurance policy for your financial safety.
Once you’ve made up your mind about getting a bike insurance policy, the next step lies in its selection.
Choosing the right bike insurance policy is similar to solving a puzzle. Just like how you try various permutations and combinations to get the final piece, similarly you should carefully evaluate before opting for an insurance plan. Factors like coverage options, claims process, customer support, and the insurer's reputation play vital roles in choosing the perfect plan for your needs.
Today, in this article, we are going to discuss all these factors and help you navigate in making the apt decision.
Keep scrolling!
List of Top Bike Insurance Companies in India 2025
Here’s a tabulated list of the top bike insurance companies in India for 2025:
Rank
Company
Motor OD CSR
Cashless Garages
1
HDFC ERGO
100.0%
~2,000+
2
Reliance General
98.6%
~8,700+
3
SBI General
94.0%
~16,000+
4
Tata AIG
98.0%
~7,500+
5
Cholamandalam MS
98.0%
~6,912+
6
Liberty General
98.0%
~4,300+
7
IFFCO Tokio
95.8%
~4,300+
8
Bajaj Allianz
96.5%
~4,500+
9
Go Digit
97.0%
~1,400+
10
Kotak Mahindra (Zurich Kotak GI)
98.0%
~3,000+
11
Shriram General
98.0%
~2,000+
12
ICICI Lombard
93.4%
~6,200+
13
National Insurance
93.0%
~900+
14
Oriental Insurance
94.0%
~3,100+
15
Universal Sompo
90.0%
~3,500+
The ranking and inclusion of insurers in the above tables are based on the following publicly accessible criteria as of July 2025:
Motor Own Damage (OD) Claim Settlement Ratios (sourced from IRDAI and aggregator platforms)
Number of cashless garages (as listed by respective insurers)
Disclaimer
The information provided in the above tables is intended for general informational purposes only. The specifics of coverage, claim settlement ratios, and the number of cashless garages may vary over time and across regions. Users are advised to verify the latest details directly with the respective insurance providers or through IRDAI-approved portals before making any purchasing decisions.
Ride Smart. Insure Smarter.
Find the best bike insurance in seconds
at SMC insurance
Key Considerations While Choosing The Best Bike Insurance Company
Here are some key factors to keep in mind when selecting the best bike insurance company in India -
Market Reputation: Make sure you evaluate user reviews and ratings to assess the insurance company's reputation for service and customer satisfaction.
Premium: Compare premiums to ensure you're receiving a competitive rate. Direct insurance companies, by bypassing middlemen, might offer more economical options.
IRDAI License: Verify that the insurance company is licensed by the IRDAI for credibility and regulatory compliance.
Extensive Network Of Garages: Look for an insurance company with an extensive network of partner garages. This ensures easy access to cashless claim settlement and repair services.
Streamlined And Swift Claim Process: Choose an insurance company that delivers a seamless, digital claims process for added convenience and efficiency. Submitting claims online can save you time and effort.
By carefully evaluating these factors, you can strategically choose the best bike insurance provider in India that aligns with your specific requirements.
Finding the right bike insurance is just as important as choosing the right insurance company. With numerous options available, it can seem overwhelming. Let's simplify things by breaking down the different types of bike insurance for you!
Why Is Two-Wheeler Insurance Important in 2025?
Two-wheelers are fast, fuel-efficient, and easy to park. And that is exactly why they’re also easy targets for accidents and thefts. And as traffic gets worse and repair costs go up in 2025, riding without insurance is just not worth the risk.
One sudden bump in traffic could cost thousands. Not just for your own bike, if someone else is involved, you are legally and financially responsible for covering such repairs too. Bike insurance steps in when life throws a curveball. It helps with repairs, protects you from legal penalties, and covers damages to others. Some plans even offer roadside help if your bike breaks down.
Also, it's mandatory by law to have at least third-party insurance. Riding without it? That means fines, and in some cases, even legal trouble. So yes, having bike insurance is non-negotiable. But getting the right one? That’s where comparison helps.
Factors to Compare Insurance Companies
Not all insurance plans are the same. Some are fast with claims. Some offer better garage networks, others useful add-ons, etc. Here’s what actually matters when you’re comparing:
Claim Settlement Ratio (CSR): This shows how many claims the company paid vs. how many were filed in a given financial year. Usually a higher CSR, the better. But remember that looking at the CSR alone will never give you the full picture.
Cashless Garage Network: You want a company that has tie-ups with garages near you. A bigger network means faster, smoother repairs without you paying any costs upfront.
Premium Cost: Remember that cheaper isn't always better. Compare what’s covered and what’s not. Sometimes, a slightly higher premium offers much more value.
Add-On Covers: Zero depreciation, Roadside assistance, Engine protection are some add-ons that make a big difference during claims. Some insurers include them in the default coverage while others charge a little extra.
Customer Reviews & Support: Easy-to-reach support and a hassle-free app or claim portal can save a lot of stress when something goes wrong.
Bike insurance in 2025 should be smart. A little comparison that you do today can save a lot of money and trouble later.
How To Choose The Best Two-Wheeler Insurance Company In India 2025 For Your Needs?
To get the best coverage and assistance, it's important to choose the right two-wheeler insurance provider. Here are some important things to think about:
Coverage Range
Verifying whether the policy provides comprehensive coverage should be the first step. This implies that own damage and third-party liability coverage should be part of the plan. Also, you should consider other protections such as engine protection, roadside assistance, zero depreciation, etc.
Access To Cashless Garages
The next step is to verify if the insurer boasts an extensive network of cashless garages. With a wide network of garages, you can be sure of streamlined repair processes and claims.
Evaluating Premium Costs
You should also conduct a thorough comparison of premiums among various insurers. This step will aid in figuring out the most cost-effective option while maintaining adequate coverage. Consider long-term discounts, and assess the value of add-ons included for the price.
Assessing Customer Assistance
You should also examine the quality of customer support services provided. This is because only responsive and effective customer assistance will help you during claim processing and emergencies.
Understanding Claim Procedures
You should gain a clear understanding of the insurer's claim process. A high claim settlement ratio (CSR), ideally above 95%, and fast claim turnaround are key in 2024, as per IRDAI data. Speeding up and streamlining the process is crucial to reducing unwanted confusion during emergencies.
Reviewing Policy Terms
The last step is to examine the policy terms and conditions thoroughly. You should at least have a brief idea of any exclusions to understand the scope of coverage provided. This ensures clarity on what is included and what is not under the policy.
Why Buy Two-Wheeler Insurance from SMC Insurance?
You want solid coverage for your bike without wasting time or overpaying. That’s exactly what SMC is built for. Instead of jumping from one insurer’s website to another, you can check all your options right here. Quick comparisons, no fuss, and no phone calls chasing you after.
Here’s what makes it work so well:
Side-by-Side Insurer Comparison
See top players like HDFC ERGO, ICICI Lombard, Bajaj Allianz, and more in one single screen.
Fast Premium Quotes
Just input your bike details and get real-time prices.
Fully Digital, No Paperwork Needed
Buy or renew without even having to talk to an agent. It’s 100% online and takes just a few seconds.
Support to Help You Out
Need help in the midst of filing a claim? Or if you are unsure what add-on you need, SMC’s support team is just a chat away - no bots.
Pick Add-Ons That Actually Matter
From Zero Depreciation to Engine Protection to NCB Saver, choose only what suits you.
SMC is here to make sure your policy fits your needs, your ride, and your budget. No jargon. No pressure. Just insurance that works the way you expect it to.
To Conclude,
In conclusion, choosing the best bike insurance policy will require you to weigh coverage options, consider premium rates, and assess the insurer's customer support. You should ensure that the policy aligns with your needs and preferences, providing comprehensive coverage and efficient claims processing. By carefully reviewing policy terms and understanding the claim process, you can secure peace of mind knowing your bike is protected against unforeseen events.
The company is wonderful insurance platform providing multiple policies under 1 roof. Experience in purchasing the policy is very good. Experts guides you very well
Annu Gour Annu Pune, April 07, 2025
Easy Renewal process
The process to renew my 2-wheeler policy is indeed very quick and easy. Got it done in just 10 minutes. Thanks.
Bipin Singh Mumbai, April 06, 2025
Quick Response
I thought let me renew my two wheeler policy with SMC and see the experience. The experience was good and simple, the only gap which I felt was that the details of the vehicle did not come up after mentioning the vehicle number.
The best insurance for bikes is a comprehensive plan that provides coverage for both third-party liabilities and own damage.
For the best bike insurance policy, you should explore digital insurers providing seamless online services for purchase, renewal, and claims, ensuring convenience and efficiency.
When you purchase two-wheeler insurance online from an IRDAI-approved insurer, you will have a policy that is safe and reliable.
The affordability of a two-wheeler insurance policy depends on many factors. These include the bike's Insured Declared Value (IDV), the type of insurance chosen, selected add-ons, and your RTO location. You should also note that the cheapest option varies per bike and is tailored to individual owner needs.
%20Cover%20Bike%20Insurance.png)
