Owning a two-wheeler in India is not just about convenience but also about responsibility. With rising traffic, accident risks, and theft cases, bike insurance is not just a legal requirement under the Motor Vehicles Act but also a financial safeguard. Choosing the right insurance company can make all the difference in terms of claim settlement, affordability, and customer support.
In this article, we explore the best bike insurance companies in India in 2025, their features, benefits, and why you should consider them.
1. ICICI Lombard General Insurance
ICICI Lombard is one of the most trusted insurance providers in India. It offers both third-party liability and comprehensive two-wheeler insurance plans.
Key Features:
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Wide network of cashless garages across India
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Hassle-free online policy renewal
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Instant claim settlement through their mobile app
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Add-ons like zero depreciation, roadside assistance, and engine protection
Why Choose: Strong claim settlement ratio and easy digital process make ICICI Lombard a reliable option.
2. Bajaj Allianz General Insurance
Bajaj Allianz is another popular name in the motor insurance segment. Known for quick claim settlement and innovative add-ons, it provides peace of mind for bike owners.
Key Features:
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24/7 claim support and assistance
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“No Claim Bonus” protection benefits
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Paperless renewal process
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Affordable premium options
Why Choose: Bajaj Allianz is ideal for riders who want a balance between affordability and wide coverage.
3. HDFC ERGO General Insurance
HDFC ERGO is known for its high claim settlement ratio and seamless digital experience.
Key Features:
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Instant policy issuance without paperwork
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Cashless repair facility in 7,000+ garages
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Coverage for natural and man-made disasters
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Add-on covers for personal accident and pillion rider
Why Choose: If you prefer fast and hassle-free online services, HDFC ERGO is one of the best choices.
4. SBI General Insurance
Backed by the State Bank of India, SBI General Insurance is a reliable name in the insurance market.
Key Features:
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Easy access for rural and semi-urban customers
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Comprehensive coverage options
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Attractive premium discounts
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Large garage network across India
Why Choose: Trust of SBI, strong market presence, and customer-friendly policies make it a safe bet.
5. New India Assurance
Being a government-owned company, New India Assurance is one of the oldest and most trusted insurers in India.
Key Features:
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Strong financial backing from the government
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Wide coverage for all types of two-wheelers
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Multiple policy options at competitive prices
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Presence even in smaller towns and villages
Why Choose: Ideal for those who prefer government-backed insurers with wide accessibility.
6. Reliance General Insurance
Reliance General Insurance is known for affordable premiums and flexible coverage plans.
Key Features:
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Instant policy renewal and issuance
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Strong cashless garage network
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Customizable add-on covers
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High customer satisfaction rate
Why Choose: Great for those who want budget-friendly insurance with reliable service.
7. Oriental Insurance
Oriental Insurance is another PSU (Public Sector Undertaking) company that has earned the trust of millions of policyholders.
Key Features:
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Comprehensive plans with affordable pricing
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Add-on covers like nil depreciation and roadside assistance
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Wide customer base in rural and urban India
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Hassle-free claim settlement
Why Choose: Reliable and trustworthy, especially for long-term policyholders.
Factors to Consider Before Choosing Bike Insurance
While these are some of the top insurance companies, the right choice depends on your individual needs. Here are some factors you must evaluate:
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Claim Settlement Ratio (CSR): A higher CSR indicates better chances of your claim being approved.
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Premium Cost: Always balance affordability with adequate coverage.
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Garage Network: A wider network of cashless garages ensures faster repairs.
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Customer Support: 24/7 customer service can be a lifesaver in emergencies.
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Add-on Covers: Choose add-ons like zero depreciation, engine protection, or roadside assistance if you want enhanced protection.
Why is Bike Insurance Important?
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Legal Requirement: Third-party liability insurance is mandatory under Indian law.
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Financial Protection: Covers expenses related to accidents, theft, and damages.
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Peace of Mind: You can ride confidently without worrying about sudden repair costs.
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Personal Accident Cover: Provides compensation for medical expenses and fatalities.
Conclusion
The best bike insurance company for you depends on your riding habits, budget, and preference for add-ons. ICICI Lombard, Bajaj Allianz, HDFC ERGO, and SBI General stand out for their wide coverage and customer support, while New India Assurance and Oriental Insurance offer government-backed trust.
Before finalizing, always compare premiums, features, and claim settlement ratios online. A well-chosen policy not only ensures compliance with the law but also gives you complete financial security on the road.