What is the two wheeler insurance cost to the consumer?
Usually, this amount is roughly 2%-3% of the value of the two wheeler, depending upon its age and other factors.
Some of the parameters are:
- Your 2 wheeler value as per the insurance company database.
- Type of 2 wheeler, electric scooty, motorcycle or scooter.
- City where the 2 wheeler is registered (not where it is being used).
- Past claims.
- Model/make and year of manufacture of the 2 wheeler.
Tenure of a policy:
The policy is made for only 1 year timeframe. After the expiry of the term, it needs to be renewed. If there is a lapse of even 1 day, the vehicle needs to be inspected, which complicates the whole process. So its strongly advised to pay premium on time, and renew the Insurance before present policy expires.
If you need any assistance in selecting the best insurance for your two wheeler, please fill in the form above and get the best insurance quote.