Third-party Only
The legal minimum. Covers damage you cause to other people or property -- but not your own bike.
Bike Insurance
Bike Insurance Online: Compare Quotes & Renew
Bike Insurance Online: Compare Quotes & Renew with Insuremile. Mandatory under Indian law, two-wheeler bike insurance covers third-party liabilities and own-damage coverage for scooters and motorcycles, protecting against accidents, theft, and natural disasters.
Two-wheeler Benefits
Built for riders.
- 01Compulsory Personal Accident Cover up to ₹15 Lakhs
- 02Cashless repairs across authorized partner network garages
- 03Optional add-ons like Zero Depreciation and Roadside Assistance
Plan Types
Pick the cover that fits your ride.
Comprehensive
Third-party plus own-damage. Covers theft, fire, floods, and accidents to your two-wheeler.
Stand-alone OD
Own-damage cover purchased separately. Useful when your third-party policy is still active.
Policy Options
Choosing the right two-wheeler protection.
Third-Party Liability Cover
Mandatory under Section 146 of the Motor Vehicles Act 1988. Covers legal liability for third-party bodily injury, death, and property damage up to ₹7.5 Lakh.
Comprehensive Two-Wheeler Insurance
Combines mandatory third-party liability with own-damage protection against traffic accidents, fire, explosion, theft, flood, earthquake, and vandalism.
Standalone Own Damage (OD) Policy
Designed for bike owners who already have a long-term 5-year third-party policy and require dedicated coverage for vehicle damage.
Recommended Add-ons
Essential two-wheeler riders for maximum peace of mind.
- 01Zero Depreciation CoverGet 100% claim payout for replaced plastic, rubber, and glass parts without depreciation deductions.
- 0224x7 Roadside AssistanceEmergency towing, flat tire replacement, battery jump-start, and fuel delivery anywhere in India.
- 03Engine & Gearbox ProtectionCovers repair or replacement of engine components damaged by water-logging or oil leakage.
- 04Personal Accident Cover for PillionExtends ₹1 Lakh to ₹5 Lakh accidental disability and death protection to your passenger.
- 05Helmet Protect RiderFinancial reimbursement for expensive riding helmet damage sustained during a covered accident.
Buying Guide
How to buy two-wheeler insurance online in 3 minutes.
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Enter your vehicle number to automatically fetch make, model, variant, registration year, and RTO location from VAHAN.
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Statutory Tariffs
IRDAI Mandated Third-Party Two-Wheeler Insurance Rates
Third-party bike insurance premiums are determined annually by the Insurance Regulatory and Development Authority of India (IRDAI). Rates are uniform across all insurers.
| Engine Capacity (CC) | 1-Year Mandatory Premium | 5-Year New Vehicle Premium |
|---|---|---|
| Up to 75 cc | ₹538 | ₹2,901 |
| 75 cc to 150 cc | ₹714 | ₹3,851 |
| 150 cc to 350 cc | ₹1,366 | ₹7,365 |
| Exceeding 350 cc | ₹2,804 | ₹15,117 |
Statutory IRDAI third-party tariffs are subject to applicable GST (18%). Comprehensive policies add own-damage premium based on your bike's Insured Declared Value (IDV) and accumulated No Claim Bonus (NCB).
GI Council Motor RegulationsStatutory Valuation Scale
How Vehicle Depreciation Impacts Your Bike's IDV
Insured Declared Value (IDV) is the maximum compensation an insurer pays if your two-wheeler is stolen or totaled. Under the Indian Motor Tariff, depreciation is fixed strictly by vehicle age.
| Vehicle Age | Statutory Depreciation % | Insured Declared Value (IDV) |
|---|---|---|
| Up to 6 months | 5% | 95% of manufacturer showroom price |
| 6 months to 1 year | 15% | 85% of manufacturer showroom price |
| 1 year to 2 years | 20% | 80% of manufacturer showroom price |
| 2 years to 3 years | 30% | 70% of manufacturer showroom price |
| 3 years to 4 years | 40% | 60% of manufacturer showroom price |
| 4 years to 5 years | 50% | 50% of manufacturer showroom price |
| Exceeding 5 years | Mutually agreed | Negotiated based on roadworthiness & condition |
Official statutory IDV depreciation rates are governed by General Insurance Council (GI Council) and IRDAI rules.
Launch Official GI Council IDV CalculatorFrequently Asked Questions
Two-Wheeler Insurance FAQs
Answers to common questions about 1st party vs 3rd party coverage, IDV calculation, NCB transfers, and renewal grace periods.
What is the difference between 1st party and 3rd party bike insurance?
1st-party (Comprehensive) covers damage to your own two-wheeler from collisions, theft, fire, and flood damage, along with mandatory 3rd-party protection. 3rd-party insurance covers only legal liabilities for damage or injuries caused to other people or vehicles.
How much does 1 year bike insurance cost for 100cc to 150cc bikes?
Mandatory third-party rates are fixed by IRDAI based on engine capacity (approx ₹538 up to 75cc, ₹714 for 75cc-150cc, and ₹1,366 for 150cc-350cc). Comprehensive premiums also include own-damage cover based on the vehicle's Insured Declared Value (IDV) and accumulated No Claim Bonus discounts.
Can I renew a lapsed bike insurance policy online?
Yes. If your policy has expired for fewer than 90 days, you can renew instantly online without vehicle inspection and retain your accumulated No Claim Bonus (NCB). For longer lapses, insurers may require a quick photo upload of the vehicle before issuing the policy.
What is Zero Depreciation cover for two-wheelers?
Zero Depreciation (Bumper to Bumper) eliminates standard depreciation deductions on replaced plastic, fibre, rubber, and glass parts during accidental repairs, ensuring maximum claim reimbursement.
How can I transfer my No Claim Bonus (NCB) to a new bike?
NCB belongs to you as the rider, not the bike. You can obtain an NCB retention certificate from your previous insurer and transfer your 20% to 50% discount to your new two-wheeler policy.
Our Commitment
Need Help Choosing?
Talk to our Customer Success team. We'll help you compare two-wheeler options, calculate IDV, and choose zero-depreciation coverage.