How to Reduce Two-wheeler Insurance Rates?

 


As a potential bike owner who is looking to buy their first bike, it is your responsibility to purchase bike insurance along with your brand new bike. It is required by the Motor Vehicles Act of 1988 that you should possess a basic third-party insurance for your bike to be able to ride your bike on Indian roads.

The third-party insurance costs comparatively low due to its limited coverage. Although investing in it is a good idea; if you are looking for extensive coverage for your bike, you should go for the comprehensive bike insurance. However the two-wheeler insurance rates for the comprehensive policy can be a little higher. Here are 4 tips to reduce the cost of this policy:

1.      Installing safety devices in your bike

Due to the growing number of cases related to the theft of two-wheelers, it is imperative of you as a bike owner to ensure the safety of your bike. There are safety devices that you can install in your bike. Devices such as handle lock and lock for the seat can provide safety from theft. On the other hand, additional devices such as ABS and traction control can make your riding experience smooth and safe. These safety devices help in reducing two-wheeler insurance rates.

2.      Joining a bike riding group

As India has one of the highest number of two-wheelers on-road, it should not come as surprise to find many bike-riding groups. Some of these groups have the added benefit of being recognised by IRDAI, which is the main body when it comes to vehicular insurance. Becoming a member of such riding groups can help in reducing two-wheeler insurance rates when looking to purchase a policy.





Original Content :- How to Reduce Two-wheeler Insurance Rates?


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