{"id":40145,"date":"2019-03-11T10:30:20","date_gmt":"2019-03-11T05:00:20","guid":{"rendered":"https:\/\/www.newsilike.in\/?p=40145"},"modified":"2019-03-11T10:30:23","modified_gmt":"2019-03-11T05:00:23","slug":"7-tricks-to-get-the-best-quote-for-bike-insurance-renewals","status":"publish","type":"post","link":"https:\/\/www.newsilike.in\/7-tricks-to-get-the-best-quote-for-bike-insurance-renewals\/","title":{"rendered":"7 Tricks to Get the Best Quote for Bike Insurance Renewals"},"content":{"rendered":"\n
\"two-wheeler-insurance\"<\/figure>\n\n\n\n

If you own a bike, you also have to own a valid bike insurance policy<\/a> on it. The Motor Vehicles Act, 1988 prescribes that every vehicle running on Indian roads should have a valid third party cover at all times. To fulfil the legal mandate of the Act, every bike owner is required to buy a bike insurance policy when buying a bike. Moreover, the bike owner is also required to renew bike insurance as and before the coverage due date comes to an end. Bike insurance online renewals are, therefore, mandatory for continuous coverage.<\/p>\n\n\n\n

While the mandatory\nrenewal might seem like a burden, what if you can save on the premium costs?<\/p>\n\n\n\n

Yes, there are some\ntips and tricks which, if you follow, would allow you to get the best quote\nwhen you renew bike insurance. Here are seven such tricks \u2013<\/p>\n\n\n\n

1.<\/strong>   Renew online<\/strong><\/p>\n\n\n\n

Always opt for renewal of the policy online. Bike insurance online renewal<\/a> is done directly from the insurance company which cuts down on the commission payable to the middleman. Since the commission element is eliminated, you get the best rate on your policy.<\/p>\n\n\n\n

2.<\/strong>   Compare before renewing<\/strong><\/p>\n\n\n\n

It is not necessary\nto continue your bike insurance plan with the same insurance company. You can\nchange insurers when you renew. So, at the time of renewal, use an insurance\naggregator\u2019s website to compare the bike insurance plans offered by different\ninsurance companies. Look for plans which have the best coverage features and\ncoverage level at the lowest premium rate. Comparing would, therefore, allow\nyou to choose a policy which has the best premium rate and you should compare\nwhen you renew your coverage.<\/p>\n\n\n\n

3.<\/strong>   Look for premium discounts<\/strong><\/p>\n\n\n\n

Two wheeler\ninsurance policies offer a range of premium discounts which help in lowering\nthe premium payable. Look for these discounts to reduce the premium cost.\nDiscounts are available for installing safety devices in your bike, for\nbecoming a member of a recognized automobile association, for buying the policy\nonline and for other factors too. Hunt for the policy with the maximum possible\ndiscounts to enjoy the best rates.<\/p>\n\n\n\n

4.<\/strong>   Use your policy\u2019s no claim\nbonus<\/strong><\/p>\n\n\n\n

If you have not\nmade a claim in your existing policy in the current year and also in the\nprevious years, there would be a no claim bonus available in the policy. This\nbonus starts at 20% and goes up to 50% depending on the number of consequent\nclaim-free years. Find out the available no claim bonus of your plan and use it\nto reduce the renewal premium.<\/p>\n\n\n\n

5.<\/strong>   Choose voluntary deductible<\/strong><\/p>\n\n\n\n

Voluntary\ndeductible is that amount of claim which you choose to bear yourself. When you\nchoose a voluntary deductible limit, the insurer\u2019s claim burden lightens. As\nsuch, the insurance company rewards you with a discount in your premium. So, if\nyou are a careful rider, opt for voluntary deductible to receive a premium\ndiscount and get the best quote for your insurance policy.<\/p>\n\n\n\n

6.<\/strong>   Choose add-ons which are\nrequired<\/strong><\/p>\n\n\n\n

Comprehensive bike\ninsurance plans offer optional additional coverage benefits which increase the\nscope of coverage under the plan. These coverage benefits are called add-ons\nand each add-on comes with an additional premium. Though choosing add-ons is a\ngood way to enjoy comprehensive coverage, be wise when selecting such covers.\nChoose only those add-ons which are required so that you don\u2019t end up paying\nunnecessary additional premiums for irrelevant covers.<\/p>\n\n\n\n

7.<\/strong>   Renew on time<\/strong><\/p>\n\n\n\n

The last and also\nthe most important trick for getting the best quote is to renew on time. Bike\ninsurance plans should be renewed on or before the due date to avoid lapse of\nthe coverage. If the policy is allowed to lapse and then renewed, there would\nnot only be unnecessary hassles in getting the bike insurance plan renewed, the\npremiums would also be higher. So, always renew bike insurance on time to get\nthe best premium rates.<\/p>\n\n\n\n

You can choose as\nmany as these tricks that you want and you would get the best quote for your\nbike insurance plan at the time of renewals. <\/p>\n","protected":false},"excerpt":{"rendered":"

If you own a bike, you also have to own a valid bike insurance policy on it. The Motor Vehicles Act, 1988 prescribes that every vehicle running on Indian roads should have a valid third party cover at all times. To fulfil the legal mandate of the Act, every bike owner is required to buy…<\/p>\n Read More<\/span> 7 Tricks to Get the Best Quote for Bike Insurance Renewals<\/span><\/a>","protected":false},"author":2,"featured_media":40017,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"Layout":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"7 Tricks to Get the Best Quote for Bike Insurance Renewals #Insurance #BikeInsurance #TwoWheeler #Renewals #Cover","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5220],"tags":[],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.newsilike.in\/wp-content\/uploads\/two-wheeler-insurance.jpg","_links":{"self":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/40145"}],"collection":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/comments?post=40145"}],"version-history":[{"count":0,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/posts\/40145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media\/40017"}],"wp:attachment":[{"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/media?parent=40145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/categories?post=40145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsilike.in\/wp-json\/wp\/v2\/tags?post=40145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}