Owning a motorcycle in India is more than just a way to get around. It’s also a way of life. The risk of theft and accidents is ever-present with millions of motorcycles on Indian roads. Bike Insurance provides a financial safety net as well as a mandated legal requirement under the Motor Vehicles Act. Choose from the Best Bike Insurance Companies to ensure you receive comprehensive coverage, prompt service and peace-of-mind on each ride.
This blog will analyze the Best Bike Insurance Companies for India by 2025. We’ll look at their claims settlement ratios and coverage options. This guide will help you to make an educated choice, whether you are a commuter or a delivery rider.
Why is Bike Insurance Important?
It’s important to know why you need bike insurance before looking at the top providers:
- Requirement Third-party Insurance is required by Indian law.
- Financial Security : Provides coverage for repair/replacement expenses due to theft or accidents.
- Peace Of Mind: Manage unexpected expenditures.
- Liability to Third Parties: This covers legal obligations towards others in the event of death or injury.
Do you Know the Different Types of Bike Insurance Policies?
- Third Party Insurance
- Only covers third party liabilities.
- Obligatory by law
- Comprehensive Insurance
- Included coverage for third parties + your own damages.
- Theft, fires, natural disasters and human-made catastrophes are covered.
- Standalone own damage (OD) insurance
- If you have an existing third party policy, this covers damage to your bicycle.
- Add-Ons
List of the Best Bike Insurance Companies In India (Edition 2025)
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ICICI Lombard General Insurance
Overview is one of the top private general insurance companies, ICICI Lombard, with its solid digital interface and wide garage network offers a quick processing for claims.
Features
- Claim Settlement Ratio (CSR): 94.4%
- Add-ons: Roadside assistance, zero depreciation, personal accident cover.
- App/website for instant policy issuance
- Over 4,500 garages offer cashless repairs.
It is a Top Bike Insurance Company
- Digital claims made easy.
- Customer satisfaction is high.
- Brand name you can trust
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Bajaj Allianz General Insurance
Overview Known for its quick, hassle-free claims settlements and excellent customer service, Bajaj Allianz provides a two-wheeler product that is robust with a strong insurance policy.
Features
- CSR: 98%
- Roadside Assistance is available 24 hours a day, 7 days a week.
- Options for long-term insurance up to three years.
- 6,500+ network garages.
It is a Top Bike Insurance Company
- A high claim settlement rate
- Mobile app renewals are easy and convenient.
- Excellent digital customer support.
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HDFC ERGO General Insurance
Overview is a joint venture between HDFC Ltd. and ERGO International that offers custom plans for different two-wheelers models.
Features
- CSR: 91.23%
- Select cities offer overnight repair service.
- Zero documentation process.
- AI enabled claim settlement through InstaInspect.
It is a Top Bike Insurance Company
- Quick claim approval.
- Transactions are now paperless.
- Long-term contracts are available to save on yearly renewals.
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Tata AIG General Insurance
Overview With an established heritage, Tata AIG provides competitive prices and flexible motorcycle insurance.
Features
- CSR: 96.5%
- Get up to 75% in No Claim Bonuses (NCB).
- Superbikes and scooters can be customized to your specifications.
- 5,000+ Garages in the Network
It is a Top Bike Insurance Company
- Superior NCB benefits.
- Premiums at competitive rates
- Excellent customer reviews.
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IFFCO Tokio General Insurance
Overview IFFCO Tokio is known for offering two-wheeler policies that are packed with value.
Features
- CSR: 93.5%
- The In-house Claim Processing Team
- Anti-theft device discounts.
- Claim your mobile easily.
It is a Top Bike Insurance Company
- The presence of Tier II cities and Tier III Cities is strong.
- The best option for riders on a budget.
- Even in rural areas, settlement can be fast.
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Reliance General Insurance
Overview is a part of Reliance Capital and offers a range of innovative products.
Features
- CSR: 94%
- Tracking claims in real-time.
- In 10 minutes, you can issue a policy.
- NCB up to 50%
It is a Top Bike Insurance Company
- Fast policy issue.
- Support for chatbots and apps.
- Claims process transparent
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Digit Insurance
Overview is a tech-driven insurance company backed by Fairfax Group. Digit provides simplified policies and quick settlements.
Features
- CSR: 97%
- Zero paperwork policy.
- Self-inspection using a smartphone.
- Customer platforms highly rated
It is a Top Bike Insurance Company
- The perfect gift for tech-savvy millennials.
- Fast, digital-first services.
- Customer retention and renewal rates are high.
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New India Assurance
Overview : New India Assurance is a government-owned, highly-respected insurance company with a strong financial base.
Features
- CSR: 92.5%
- Affordable premiums.
- Garages are located all over the country.
- High ratio of solvency
It is a Top Bike Insurance Company
- Stability is guaranteed by the government.
- The best option for long-term planning.
- All parts of India are accepting.
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United India Insurance
Overview Another PSU is United India, which offers affordable motorcycle insurance with prompt service.
Features
- CSR: 90.8%
- Agents and online portals are available.
- Multiple discounts available (anti-theft, NCB).
- It is good for rural areas and classic motorcycles.
It is a Top Bike Insurance Company
- Budget-friendly.
- Renewal rate is high
- Trusted since decades.
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SBI General Insurance
Overview is part of SBI Group, and combines traditional trust with digital convenience.
Features
- CSR: 93.07%
- Coverage for personal accident up to Rs 15 lakh.
- Register for mobile claims easily
- Discounts on voluntary deductibles.
It is a Top Bike Insurance Company
- Great for existing SBI customers.
- Combine loan options or EMIs.
- PAN India Garage Network
Compare the Best Bike Insurance Companies
| Company | CSR | Add-ons available | Digital Claims | Garage Network | Unique Feature |
| ICICI Lombard | 94.4% | You can say that. | You can say that. | 4,500+ | Comprehensive app experience |
| Bajaj Allianz | 98% | You can say that. | You can say that. | 6,500+ | Options for long-term policies |
| HDFC ERGO | 91.2% | You can say that. | You can use AI to make your decision. | 4,000+ | InstaInspect AI Claims |
| Tata AIG | 96.5% | You can say that. | You can say that. | 5,000+ | 75% NCB benefit |
| IFFCO Tokio | 93.5% | You can say that. | You can say that. | 4,000+ | Coverage for rural areas |
| Reliance General | 94% | You can say that. | You can say that. | 3,500+ | Real-time claim tracking |
| Digit Insurance | 97% | You can say that. | App Yes | 2,800+ | Self-inspection & instant policy |
| New India Assurance | 92.5% | Limited | You can also find out more about the No. | 5,500+ | The Government Backing |
| United India Insurance | 90.8% | Limited | You can also find out more about the No. | 4,700+ | Classic models at affordable prices |
| SBI General | 93.07% | You can say that. | You can say that. | 3,900+ | Personal accident insurance with high coverage |
How Do You Choose the Best Bike Insurance Company?
Consider the following when selecting the Best Bike Insurance Companies.
- Claims Settlement Ratio– Higher CSR equals better odds of a smoother claim approval.
- Garage Network– More garages equals greater convenience in cashless repair.
- Coverage vs. Premium– Balance of cost and benefit.
- Digital Services– Ease of access to policy information, claims and renewals.
- Customization & Add-ons– The ability to customize the policy according to your requirements.
- Reviews by Customers– The real-world experience is priceless.
How to Lower Your Bike Insurance Premium
- Opt for a long-term policy (2 to 3 years).
- Install a device to prevent theft.
- Do not claim minor repairs in order to keep NCB.
- Select a voluntary higher deductible.
- Compare insurance policies using online aggregators such as Policybazaar and Coverfox.
Read Also: Senior Citizen Health Insurance Plans | Health Insurance for Parents in India
FAQs
Q1. What is the minimum motorcycle insurance in India required?
The Motor Vehicles Act requires that you have third party bike insurance.
Q2. What is the best insurance provider for bikes in terms of claims settlement?
By 2025, Bajaj Allianz & Digit Insurance will have the highest ratio of claims settled.
Q3. Can I renew bike insurance online
Most Best Bike Insurance Companies allow policy renewal online via their website or apps.
Q4. What is Zero Depreciation?
This ensures that you receive the entire claim amount, without taking into account depreciation of bike parts.
Q5. Is it necessary to buy a comprehensive bike insurance policy?
Comprehensive insurance is not required but highly recommended. It protects your vehicle.
Q6. Do electric bicycles require insurance?
As per Indian law, yes. Electric two-wheelers need to be insured against third parties.
Last Thoughts
Selecting the Best Bike Insurance Companies is an important step in protecting your bike and financial security. The right provider will ensure a worry-free journey, whether you are a commuter on a regular basis or enjoy a leisurely weekend ride. The 2025 motorcycle market is a mix of trusted brands that offer digitally-first services and extensive coverage.
Before making any final decisions, compare the quotes of different companies, review the fine print and evaluate the claim service provided by the insurance company. Drive safe and ride insured.
Source:https://marketvein.com/bike-insurance/best-bike-insurance-companies/