13 December 2018
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7 Tips for Choosing Best Two Wheeler Insurance Plan

Choosing Best Two Wheeler Insurance Plan

There are many two wheeler insurance plans available in the market these days. So how does one locate and buy the best plan? More importantly, is there really one best plan? The answer is a big no! Insurance needs are specific to individuals and so a plan that’s best suited for your friend may not suit you at all. This is why you need to do your research and find a plan that is best for you.

 

An insurance cover for your two wheeler is vital and you must have a good plan with you. Take a look at this article to know how you can achieve this task.

 

 

Tips to Choose the Best Two Wheeler Insurance Plan

 

Listed below are some very handy guidelines to help you choose and buy your ideal bike insurance plan:

 

#1. Choose the Correct Type of Cover

 

Two wheeler insurance is available in two types. You can get a third party liability cover or a comprehensive cover. A third-party liability plan compensates third party damages. You don’t get any coverage for your own bike. This is the basic form of bike insurance. It is legally required for you to have a third-party cover.

 

The comprehensive bike insurance plans offer all the third-party benefits. They also offer a substantial cover for your own vehicle. Understand what each type of bike insurance offers and then weigh them against your own needs. Once that is done, finalize upon the type of cover you need.

 

#2. Choose a Good Insurance Provider

 

You will never be satisfied with your bike insurance policy unless you have a good insurer. It is therefore very important for you to find a good and reliable insurance provider.

 

Thankfully, there are many general insurance companies, both public as well as private, that offer excellent motor insurance plans. Choose wisely and enjoy a great bike insurance cover.

 

 

#3. Look Online

 

It is important to find a good insurance cover, but you have to keep an eye on the premium as well. Your ideal bet would therefore be to find a great plan at an affordable cost. Look at online two wheeler insurance plans if you want to strike a great deal. The online plans are cheaper and offer you greater flexibility.

 

#4. Always Compare

 

Never buy a bike insurance policy without running a comparison first. You will be able to find the best plan at the best rate simply by comparing your options.

 

#5. Change Your Deductible

 

In all forms of motor insurance, you have the deductible component. The deductible is the part of the claim that you pledge to pay. If you choose a higher deductible, your premium will be lower and vice-versa.

 

However, this also means that the claim amount received will be comparatively less. Analyze your driving skills and then choose the deductible wisely.

 

#6. Renew on Time

 

You must renew your online two wheeler insurance plan on time. If you allow your policy to lapse and continue to ride your bike with an invalid insurance policy, you will be penalized as per law. So never forget to renew your policy on time.

 

#7. Calculate Properly

 

Certain calculations, like the IDV and the NCB, have an impact on the premium of your bike insurance policy. Ensure these calculations are done carefully. Check the policy documents yourself for mistakes and errors.

 

In a Nutshell

 

As you can clearly see from the points mentioned above, there are many ways in which you can choose your ideal two wheeler insurance policy. Follow the tips and guidelines stated here and you will find the most suitable plan with ease.

 

Your bike is precious to you and you need to insure it properly. Choose a good online two wheeler insurance cover and your job will be done.

 

Tips for Choosing Best Two Wheeler Insurance Plan

Gaurav Jain
Article by Gaurav Jain
Hey There! My name is Gaurav Jain, a full time affiliate marketer since 2007. The reason for starting eMoneyIndeed.Com blog is to help you Save & Make Money Online. I write about Blogging, Online Marketing, Webhosting, SEO, Affiliate Marketing, Startups, Social Media, Email Marketing and more. Hope you enjoy the posts on eMoneyIndeed.com

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