Best Two Wheeler Insurance in Chennai

Chennai is one of the most populated cities in India, as well as one of the busiest. Some people choose public and private transport for their everyday commutes. However, a vast majority still chooses private vehicles, especially two-wheelers, over public transport. That said, busy roads and improper traffic control may result in minor and major accidents. 

Apart from such grave consequences, paying for vehicle damages and third-party liabilities can also lead to debt. To avoid having to bear the burden of such unexpected financial emergencies, you need to get a two-wheeler insurance plan. The best bike insurance in Chennai provides financial cover if anything untoward were to happen to your vehicle. 

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✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Bike Insurance Plan Starting at ₹457/year*

Bike Insurance In Chennai - Introduction

Earlier known as Madras, Chennai is a city rich in history and culture. Chennai is one of the highly populated cities of India as well as one of the busiest. People choose public and private transport for daily commuting. But, the majority still choose private vehicles over public transport, especially two-wheelers. Busy roads and improper traffic control may result in minor and major accidents. Provisional data from the Tamil Nadu transport department show 14,912 people died in accidents in 2021. Of these, 46% are due to two-wheeler accidents.

Apart from such grave consequences, paying for vehicle damages and third-party liabilities can push you down to the deep wells of debts. To avoid such miseries during unexpected financial emergencies, a two-wheeler insurance is a must. A bike insurance in Chennai will provide financial cover if anything were to happen. There are a number of insurance companies that provide two-wheeler insurance in Chennai. It is available online too. Renewing bike insurance is as important as buying one since carrying around an expired bike insurance is also a punishable offence. Be it buying a new insurance or renewing your old bike insurance, the digital era has made it quick and easy.

Best Two-Wheeler Insurance Plans

Read ahead to understand which are the best bike insurances in Chennai before you avail one.

Two-wheeler insurance plans available on the Bajaj MARKETS platform are Bajaj Allianz General Insurance two-wheeler policy, HDFC ERGO General Insurance two-wheeler policy and Acko General Insurance two-wheeler package policy. Take a look at the features of both these policies here.

 

Bajaj Allianz General Insurance Policy

Acko General Insurance policy

HDFC ERGO General Insurance policy

Category

Comprehensive

Comprehensive

Comprehensive

Insured Declared Value

Depends on the make and model.

Depends on the make and model.

Depends on the make and model.

Coverage

Own damage, liability against third party cover, personal accident cover

Own damage, liability against third party cover, personal accident cover

Own damage, liability against third party cover, personal accident cover

Tenor

One year

One year

One year

Premium

Depends on the make, year and model.

Depends on the make, year and model.

Depends on the make, year and model.

Personal accident cover

Available

Available

Available

Claim settlement

98%

95% for FY 2020-21

99.8% for FY 2020-21

Key replacement cover

Available

Available

Available

No claim bonus cover

Available

Available

Available

Depreciation protection

Available

Available

Available

Engine protect cover

Available

Available

Available

Roadside assistance

Available

Available

Available

Consumable expenses

Not available

Available

Available

Claim registration process

Digital

Digital

Digital

Benefits of Two Wheeler Insurance in Chennai

If you buy the best two-wheeler insurance in Chennai, you can avail many benefits including:

Get No Claim Bonus (NCB)

In case you don’t register any claims in a year, insurance providers reward you with a no-claim bonus (NCB). You can earn up to 50% no claim benefits from the insurer. You can transfer your NCB while switching your insurance provider.

Hassle- free purchase and renewal

Buying or renewing an insurance policy online using your prefered insurer’s website or mobile application is quite easy. You can sit at the comfort of your home and carry out the whole process. After the online payment of the premium, you will receive the policy purchase or renewal confirmation instantly on your digital device.

Add-on coverage

Several add-on coverages like zero depreciation, breakdown assistance, etc, broaden the scope of insurance policy cover. Add-ons may increase the total premium amount, but for just a little extra cost you receive a much wider coverage.

Cashless repair

Avail cashless repairing services and assistance from numerous network garages spread across India.

Network Garages in Chennai

When you avail a two-wheeler insurance in Chennai, you can avail the services of several garages including network and non-network ones. You can enjoy quick cashless claim settlement with your insurance company’s network of partnered garages across India. Bajaj Allianz, HDFC ERGO and Acko provide the best standards of services to their customers. The customers who sign up for motor insurance policies with the company are provided with quick and quality services. Check out these key network garages in Chennai:

1. Bajaj Allianz

You can see the list of the Bajaj Allianz Bike Insurance network garages in Chennai on this page.

2. Acko

You can check the list of the Acko Bike Insurance network garages in Chennai on this page.

3. HDFC ERGO

You can check the list of the HDFC ERGO Bike Insurance network garages in Chennai on this page. 

Wrapping it Up!

To ride on the roads of India, vehicle insurance is mandatory. If you don’t have one or the one you have is expired, then you may have to face penalties and fines. To avoid such situations, you should have two-wheeler insurance in Chennai at the time of purchase and through your ownership tenor. Bajaj MARKETS is a great platform if you are looking for bike insurance. The bike insurance policies offered on the platform by various insurers have comprehensive coverage and are at affordable premium rates. So, avail vehicle insurance today, stay out of any troubles and ride safe!  

Check Out Bike Insurance Plans Available at Finserv MARKETS

FAQs on Bike Insurance in Chennai

  • ✔️What types of two-wheeler insurance can I get?

     Two-wheeler insurance is of two types, third-party and comprehensive. A third-party insurance is mandatory in India, though comprehensive insurance is more advisable.

  • ✔️Can I cancel my bike insurance?

    It is possible to cancel your two wheeler insurance during its term only if you have documents to show that you have bought a new insurance or your registration has been cancelled by the RTO.

  • ✔️How to renew my two wheeler insurance in Chennai?

     Renewing your two wheeler insurance policy online is easy. It can be done through any trustworthy motor insurance company in Chenani and will not require you to go to the insurance office. It can easily be done online by selecting the premium and making your payment.

  • ✔️What happens if I ride without a two-wheeler insurance?

     Under the Indian Motor Vehicles Act, third party liability insurance is mandatory. If you are caught without insurance, you could face a fine of Rs. 2,000 and/or imprisonment up to 3 months.

  • ✔️Can you purchase two-wheeler insurance online?

     Yes, you can purchase a two wheeler insurance policy online through Bajaj MARKETS.

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