5 Best Bike Insurance Companies in India (2025): Reviews, Pros & Cons, Real Experiences, and Buying Guide
5 Best bike insurance companies in 2025 Every bike owner in India knows the thrill of a smooth ride — but few realize how crucial bike insurance is until something goes wrong. Under the Motor Vehicles Act of 1988, all two-wheelers must have at least a third-party insurance policy to legally operate on Indian roads. The IRDAI (Insurance Regulatory and Development Authority of India) regulates these policies, ensuring fair protection and transparent service for all riders.
Since 2025, following Supreme Court directives, it’s now mandatory to purchase a 5-year third-party insurance policy when you buy a new two-wheeler. Riding without valid insurance can lead to heavy penalties and legal trouble — not to mention financial losses in case of accidents or theft.
So, if you’re looking for the best two-wheeler insurance company in 2025, this guide brings you the top 5 trusted insurers based on customer experience, claim process, features, and affordability.
Top 5 Best Bike Insurance Companies in India (2025)
1. Bajaj Allianz Two Wheeler Insurance
Customer Experience:
My friend Ramesh, who commutes 40 km daily, swears by Bajaj Allianz. After his minor accident last year, the cashless claim was processed in less than 48 hours.
Key Highlights:
- Fastest claim settlement in the market
- Up to 70% No Claim Bonus (NCB)
- Affordable premiums starting around ₹650 per year
- 4000+ cashless network garages across India
Pros:
Excellent customer support
Strong digital claim portal
High IDV (Insured Declared Value) flexibility
Cons:
Some rural areas have limited network garages
2. ICICI Lombard Two Wheeler Insurance
Customer Experience:
Sneha, a software engineer from Bangalore, renewed her ICICI Lombard policy online in minutes. She praises the user-friendly mobile app and zero paperwork during her claim.
Key Highlights:
- Comprehensive coverage including theft and natural disasters
- Personal Accident Cover up to ₹15 lakh
- 24×7 roadside assistance
- Smart mobile app for renewal and claims
Pros:
Hassle-free digital process
Quick customer support
Strong brand reliability
Cons:
Slightly higher premium for add-ons
3. HDFC ERGO Bike Insurance
Customer Experience:
One of the best-rated companies online, HDFC ERGO is known for smooth digital claims and high transparency. My cousin Priya got her bike repaired cashlessly after an accident — the approval took less than an hour.
Key Highlights:
- 13,000+ network garages
- 24/7 customer support
- Zero depreciation and engine protection add-ons
- No inspection for policy renewal
Pros:
Excellent claim settlement ratio
Multiple add-ons for total coverage
Trusted brand with strong financial standing
Cons:
Some users report delay in reimbursement claims
4. TATA AIG Two Wheeler Insurance
Customer Experience:
Arjun from Pune shared that his Tata AIG claim process was “surprisingly professional.” The company sent a surveyor within hours, and his bike was repaired without upfront payment.
Key Highlights:
- Zero depreciation and return-to-invoice cover
- Up to 75% NCB for safe riders
- Personal accident and passenger cover
- Quick claim settlement via mobile app
Pros:
Reliable claim process
Strong brand trust
Great for long-term policies
Cons:
Limited customization in basic plan
5. New India Assurance Two Wheeler Insurance
Customer Experience:
A government-owned insurer with decades of trust, New India Assurance is often chosen for its authenticity and easy renewal process. My uncle renewed his 3-year policy offline and appreciated the no-hidden-charge approach.
Key Highlights:
- Government-backed reliability
- Wide network across urban and rural areas
- Covers natural and man-made disasters
- Competitive pricing and simple claims
Pros:
Affordable premiums
Excellent rural coverage
Reliable customer support
Cons:
Slightly slower online processing compared to private insurers
Comparison Table: Top 5 Bike Insurance Companies in 2025
| Company Name | Claim Settlement Ratio | Avg. Premium (₹/year) | No Claim Bonus | Key Feature | Customer Rating |
|---|---|---|---|---|---|
| Bajaj Allianz | 98% | 650–900 | Up to 70% | Fast digital claim | ⭐⭐⭐⭐⭐ |
| ICICI Lombard | 96% | 700–950 | Up to 60% | Roadside assistance | ⭐⭐⭐⭐ |
| HDFC ERGO | 97% | 800–1000 | Up to 65% | 13,000+ garages | ⭐⭐⭐⭐½ |
| TATA AIG | 95% | 750–980 | Up to 75% | Return-to-Invoice | ⭐⭐⭐⭐ |
| New India Assurance | 93% | 600–850 | Up to 55% | Govt-backed trust | ⭐⭐⭐⭐ |
Buying Guide: How to Choose the Best Two-Wheeler Insurance in India (2025)
- Authenticity:
Always buy from IRDAI-approved companies to avoid fraud. - Financial Strength:
Check the insurer’s solvency and claim settlement ratio. - Coverage Type:
- Third-party insurance: Mandatory but limited.
- Comprehensive insurance: Covers own damage, theft, fire, natural disasters, etc.
- Add-On Covers:
Choose wisely among zero depreciation, engine protection, and roadside assistance. - Premium vs IDV:
Don’t just go for the cheapest premium — ensure your Insured Declared Value (IDV) matches your bike’s market value. - Claim Process:
Check reviews for claim speed and transparency. - Customer Support:
Opt for insurers known for responsive post-sales service.
Aditya Birla Health Insurance Renewal in 2025
Pros and Cons of Two-Wheeler Insurance
Pros
- Protects against accidental and third-party damages
- Covers theft, fire, and natural calamities
- Provides personal accident cover
- Reduces financial stress during emergencies
- Legal compliance under Indian law
Cons
- Doesn’t cover riding without license or under alcohol influence
- Regular wear and tear not covered
ICICI Lombard car insurance Review in 2025
How to Claim Your Bike Insurance Online
Steps to Claim:
- Inform your insurer immediately about the accident or loss.
- Click photos and note down details for proof.
- File an FIR if required (especially in case of theft or major accident).
- Submit documents — insurance copy, RC, DL, and FIR copy.
- The insurer’s surveyor assesses the damage.
- Choose between cashless repair or reimbursement claim.
Online Two-Wheeler Insurance Apps in 2025
Mobile apps have simplified insurance renewal and claim filing. Apps like Bajaj Finserv, ICICI Lombard, and HDFC ERGO offer:
- Renewal reminders
- Claim tracking
- Digital policy storage
- One-click customer support
How to Star Health Insurance Policy Documents Download
Frequently Asked Questions (FAQs)
Q1. Is third-party insurance enough for my bike?
A: It’s legally mandatory but limited. For complete protection, choose a comprehensive policy.
Q2. How can I reduce my premium?
A: Maintain a good driving record, opt for long-term plans, and avail of your No Claim Bonus (NCB).
Q3. Can I transfer my NCB if I change my insurer?
A: Yes, your NCB benefits are transferable to any new insurer.
Q4. Do electric bikes also need insurance?
A: Yes, even electric two-wheelers require at least third-party insurance as per law.
Q5. What if I lose my bike insurance papers?
A: You can download digital copies from your insurer’s website or Digilocker.
Conclusion: Which is the Best Bike Insurance in India for 2025?
If you want fast claims and reliable digital service, go for Bajaj Allianz or HDFC ERGO.
For affordable premiums and government-backed trust, New India Assurance is a solid pick.
Those looking for premium coverage with add-ons should consider TATA AIG or ICICI Lombard.
No matter which insurer you choose, remember:
“Insurance is not just protection for your bike — it’s peace of mind for every ride.”
