Two wheeler insurance. how to find the best one??

 Our two-wheeler holds a special place in our life; it is convenient to use, affordable, and easy to maintain. For many of us, our two-wheeler is the easiest way to commute on a regular basis. It is only natural that we want to ensure the safety of our vehicle, given its importance. One of the best ways to safeguard our two-wheeler is with the help of insurance.

If you own a two-wheeler and have motor insurance, at some point you might have wondered about the factors that impact the cost of insurance premium. So let’s see the main factors that affect our two-wheeler insurance cost.

 The type of two-wheeler insurance

The price of a two-wheeler varies as per the features, specifications, make, and model. Since insurance covers the cost of the two-wheeler, the insurance premium is directly proportional to the cost of the vehicle. So, the premium of a two-wheeler that costs Rs 60,000 will be lesser than the premium of a vehicle that costs Rs 1,00,000. It also depends on the CC of the two-wheeler and lastly the IDV of the vehicle(Insurance Declared Value) so always keep in mind the higher the IDV the better it is in case of a mishap.

Things to remember while renewing two-wheeler insurance

You can always change your insurer every year, no need to stick with the same if you dont like it

You can carry forward the NCB to a different insurer if you didn't have any claims in the current policy year .

Check out for cashless claim possibilities, some dont have a very good network so have to pay for repairs and submit bills for claims.

Always choose the one with higher IDV