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How to Cut Down Bike Insurance Premium?

Submitted by rituroy on Thu, 01/14/2021 - 19:32

Two-wheeler insurance makes sure that each of your bike rides is safe and secure. As per the Motor Vehicles Act 1988, all motor vehicles, be it a twp wheeler or a four-wheeler, must have at least a third party liability only policy before they can drive or ride it on road.
However, it’s always advisable to go for comprehensive two wheeler insurance plan since it covers both own damage and third-party legal liability. In this circumstance, looking for a cheap yet the best two-wheeler insurance policy is quite general. So here’s what you can do to reduce your online two wheeler insurance premium
Choose Your Bike Wisely: You have to pay higher premium if you choose a relatively expensive bike with powerful engine. Similarly you’ll have to pay less on your two wheeler insurance premium when you choose a more standard bike.
Compare Different Bike Insurance Policies Online: You should compare multiple two wheeler insurance policies online to choose the most affordable one. This way you may avail considerably lower premium when you buy two-wheeler insurance online.
Join Riding Association: Some two wheeler insurance providers offer comparatively lower premium on their two wheeler insurance policies to the customers belonging to a riding or touring association.
Don’t Make Small Claims: You should abstain from filing small claims specially when the damage is minor and you can repair it from your pocket. This way you will be eligible for No Claim Bonus (NCB) and additional discounts that may result in a lower premium on your two wheeler insurance plan.
Don’t Stick to The Same Insurer: When it comes about the renewal of your two wheeler insurance policy, don’t stick to the same insurer to get the best two wheeler insurance plans with comparatively lower premium.
In the meantime, if you are looking for the best two-wheeler insurance policy for your bike or scooter, you can simply click here https://www.gibl.in/two-wheeler-insurance/ and compare the top bike insurance plans at once from the best insurance providers in India in a few clicks of your mouse and grab the best policy as per your budget and convenience.