With increasing road traffic and unpredictable accidents, having the best two-wheeler insurance is not just mandatory but essential. At UpBuying, we’ve curated a comprehensive list of the best bike insurance companies in India for 2025, based on claim settlement ratio, customer satisfaction, coverage options, and affordability. Ride worry-free with our expert picks.
What Is Bike Insurance & Why You Must Have It
Bike insurance is a financial safeguard against damages or loss due to accidents, theft, natural calamities, or third-party liabilities. It also ensures legal compliance under the Motor Vehicles Act. Choosing the right insurer is key to hassle-free claims and wide network coverage.
Top 7 Best Bike Insurance Companies in India – 2025
1. ICICI Lombard General Insurance
- Claim Settlement Ratio: 93.4%
- Policy Options: Third-party, standalone own-damage, comprehensive
- Key Features:
- AI-powered claim processing
- Instant policy issuance
- 24/7 roadside assistance
- 6000+ network garages
- Add-ons: Zero depreciation, engine protect, NCB protector
Why We Recommend: Trusted by millions, ICICI Lombard is known for its seamless online claim support and transparent pricing.
2. Bajaj Allianz General Insurance
- Claim Settlement Ratio: 92.2%
- Key Highlights:
- High claim reliability
- Instant on-road assistance via mobile app
- Add-ons for personal accident cover
- Premium Discounts: Up to 50% No Claim Bonus (NCB)
USP: One of the fastest digital claim processing systems with a customer-first approach.
3. HDFC ERGO General Insurance
- Claim Settlement Ratio: 91.3%
- Network Garages: 8000+
- Top Add-ons: Emergency assistance, return to invoice, zero depreciation
- Advantages:
- Same-day claim approvals
- Free pick-up and drop service
Why It Stands Out: Their cashless garage network and app-based tracking make HDFC ERGO a premium choice.
4. TATA AIG General Insurance
- Claim Settlement Ratio: 94.2%
- Coverage Options:
- Standalone OD
- Comprehensive + riders
- Third-party
- Free Services:
- Online renewal reminders
- Accident coverage up to ₹15 lakh
Customer Perk: Claims settled in less than 4 hours in select cities.
5. Reliance General Insurance
- Claim Settlement Ratio: 91.8%
- Free Benefits:
- ₹15 lakh personal accident cover
- Instant soft copy of policy
- Additional Riders: Daily allowance, consumables cover, hospital cash
Highlight: Super budget-friendly for first-time two-wheeler owners.
6. SBI General Insurance
- Claim Settlement Ratio: 90.1%
- USP:
- Backed by SBI trust
- Dedicated customer grievance redressal
- Add-ons: Loss of personal belongings, key replacement
Best For: Rural and semi-urban policyholders due to their wide offline network.
7. New India Assurance
- Claim Settlement Ratio: 89.6%
- Key Features:
- Government-backed reliability
- In-house surveyors for faster assessments
- Policies Available:
- Third-party liability (TP)
- Bundled cover
- Long-term comprehensive
Good To Know: Most trusted brand among government sector employees.
📊 Comparison Table – Bike Insurance Companies 2025
| Insurance Company | CSR (%) | Network Garages | Add-ons Available | Online Claims | Personal Accident Cover |
|---|---|---|---|---|---|
| ICICI Lombard | 93.4 | 6000+ | Yes | Yes | ₹15 lakh |
| Bajaj Allianz | 92.2 | 5000+ | Yes | Yes | ₹15 lakh |
| HDFC ERGO | 91.3 | 8000+ | Yes | Yes | ₹15 lakh |
| TATA AIG | 94.2 | 5100+ | Yes | Yes | ₹15 lakh |
| Reliance General | 91.8 | 5000+ | Yes | Yes | ₹15 lakh |
| SBI General | 90.1 | 4500+ | Yes | Yes | ₹15 lakh |
| New India Assurance | 89.6 | 4000+ | Yes | Yes | ₹15 lakh |
How to Choose the Best Bike Insurance Plan
✔ Evaluate Your Coverage Needs
Choose comprehensive over third-party insurance for maximum protection. Include own-damage and personal accident coverage.
✔ Check Claim Settlement Ratio (CSR)
A higher CSR indicates a smoother and quicker claim process.
✔ Explore Add-Ons
Zero depreciation, roadside assistance, and engine protection can enhance your policy value significantly.
✔ Compare Premiums vs Benefits
Don’t settle for the cheapest. Look for value-packed policies offering benefits at reasonable premiums.
Tips to Lower Your Bike Insurance Premium
- Install ARAI-approved anti-theft devices
- Opt for higher voluntary deductibles
- Renew policy on time to retain NCB
- Bundle with other insurance policies
Documents Required for Bike Insurance
- RC (Registration Certificate)
- Previous insurance copy (for renewal)
- Driving license
- KYC documents
Choosing the right bike insurance company is not just a financial decision—it’s about peace of mind. With our 2025 list of the top 7 best bike insurance providers in India, you can confidently select a plan that suits your riding needs, budget, and lifestyle. Stay covered, stay secure, and ride stress-free.
Frequently Asked Questions (FAQs)
Which is the best bike insurance company in India for 2025?
TATA AIG and ICICI Lombard lead with high CSR and customer-centric plans.
Can I buy bike insurance online instantly?
Yes, almost all insurers offer instant online issuance with digital documents.
Is third-party insurance enough?
Third-party is mandatory, but we recommend a comprehensive policy for better protection.
What is Zero Depreciation Cover?
It ensures full claim amount without deducting depreciation on bike parts.
❓What happens if I don’t renew on time?
You lose your NCB and risk riding illegally. Always renew before expiry.
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