Two-Wheeler Insurance - Hyderabad

​​Hyderabad, the capital city of the Nizams and the heart of Deccan culture for more than 300 years, is today the capital of Telangana state and is also home to the winter residence of the President of India, known as Rashtrapati Nilayam. It is the capital of the state of Telangana. The old city is famous for its shopping and is home to the famous Charminar. 

Hyderabad is a major commercial hub with organisations from Information Technology, Pharmaceuticals and Biotech industries having set up their facilities there. The city is also home to Tollywood, the Telugu film industry, the second most prolific in the country. Hyderabad is a culinary paradise with its network of road side food joints serving spicy Hyderabadi snacks and is also the origin of the mouthwatering Hyderabadi Biryani and Deccan cuisine.

The International Automobile Expo is held in Hyderabad each year and among other attractions, there is a display of vintage motorbikes, as well as the latest in super bikes. The show is a major attraction for bikers from around the country.

Hyderabad is well connected to the rest of the country via air, rail, and an extensive state and national highway network. It has an extensive road network and a wide spacious outer ring road that connects points in and around the city. Some of the major roads in Hyderabad are SP Road, Begumpet Road, Medhipatnam Road, Tolichowki Main Road, Malakpet Main Road, Golnaka Road, and Airport Road.

Two-wheelers are the popular choice of transport in Hyderabad and with 36 Lakh two wheelers plying the road, accounting to 72% of the traffic. Some of the popular two-wheelers in Hyderabad are Hero Passion, Bajaj Avenger, Honda Livo, Hero Duet, and Honda Activa. 

Driving in traffic on narrow, under construction roads can be a harrowing experience. According to Hyderabad Traffic Police, there were 2580 road accidents in 2018 of which 294 were fatal. Across India, two-wheeler accidents account for 25% of road crash deaths. With these facts in mind, it is essential to have bike insurance in Hyderabad.

 

Benefits of Two-Wheeler Insurance in Hyderabad

Besides the fact that it's mandatory, having two wheeler insurance in Hyderabad has many benefits besides giving you peace of mind. The most important is the fact that it protects you and your two-wheeler financially in case of a mishap. There two options for two-wheeler insurance are:

  • A third-party liability insurance plan, which is mandatory at the time of purchase but only protects you from financial damages incurred by a third party due to your two-wheeler.
  • A better alternative, a comprehensive two-wheeler insurance plan provides complete financial protection for you, your pillion rider, and your vehicle from theft, road accidents, natural and man-made calamities, and also protects you from third party liability.

 

Why Choose Finserv Markets for Two-Wheeler Insurance in Hyderabad

If you too are looking for a competent two-wheeler insurance in Hyderabad, seeking assistance from Finserv Markets can prove to be a great option. As a leading BFSI company offering bike insurance in Hyderabad, Finserv Markets houses Bajaj two wheeler insurance policies for your bike with a comprehensive coverage at lucrative costs. It also offers a variety of other features that include: 

  • Quick online processing.
  • Easy transfer of No-claim bonus (NCB).
  • Additional covers and riders.
  • Major discounts on premium.
  • Long-term availability.
  • Hassle-free claim settlement.
  • No fresh documentation.
  • 24 x 7 customer support.

 

Handy Garages

Sr No.

Garage

Contact

Type

1

Harley-Davidson

H.No 16-11-511/D/350 to 352, Road No.7 Moosarambagh, Shalivahana Nagar, Sarita Arcade, SBI Colony, Dilsukhnagar, Hyderabad, Telangana 500036

+91 40 64520241

Network

2

Anwar Garage

16-9-543, Near Water Tank, Race Cource Road, Old Malakpet, Hyderabad

+91 93913 22648

Non-Network

3

Nava Durga Bikes Garage

7-1-234/12, Balkampet Road, Prashanth Colony, Balkampet, Hyderabad

+91 98482 64448

Non-Network

4

Royal Bike Garage

8-4-549/23, Ag Colony Road, Ag Colony, Near Ramalaya Mandir, Hyderabad 

+91 98495 84973

Non-Network

5

Bike-Tech Two Wheeler

Attapur Ring Road, Pillar No 93, Sharada Nagar, Hyderabad, Telangana 500067

+91 93460 99009

Non-Network

 

General FAQs:

Q: Is it beneficial to choose a long-term two-wheeler insurance plan?

A: Having a long-term policy ensures that you and your two-wheeler are completely protected for a number of years without the hassle and worry of renewing your policy each year.

Q: Who decides the two-wheeler insurance premium?

A: IRDAI decides the premium for the mandatory third-party insurance. Premiums for comprehensive polices are decided by the insurance companies from whom you are buying the policy.

Q: Can you renew two-wheeler insurance online without inspection.

A: Yes, you can renew your two-wheeler insurance online without inspection.

Q: When to transfer two-wheeler insurance?

A: You must transfer the two-wheeler insurance to the buyer's name when you sell your two-wheeler vehicle.

Q: Is No Claim Bonus transferable?

A: The NCB belongs to the owner of the two-wheeler and can be applied on any renewal or purchase of insurance. 

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