Piaggio Insurance Online in India - Cost & Specifications

Piaggio insurance can be easily purchased and renewed online, on Bajaj Markets. While you can opt for a basic, and low cost, third-party policy it is recommended to go for comprehensive insurance to truly protect your Piaggio bike from multiple threats and related expenses. Italian engineering and craftsmanship is at its finest with Piaggio bikes and scooters. Vespa by Piaggio, is one of the most iconic brands globally and is available in India in a price range of ₹98,000 to ₹1.42 Lakh (Delhi, ex-showroom). As per Motor Vehicle Act, you need to insure your bike before driving it on the roads.

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

Piaggio Bike Insurance

Piaggio is a noted Italian manufacturer of motor vehicles, with Vespa being one of its most successful brands. The Piaggio Vespa bike price (ex-showroom) in India ranges from ₹98,298 to ₹1.42 Lakh. If you are planning to buy a Piaggio two-wheeler, you should also look at getting good two-wheeler insurance for your vehicle that will ensure your financial safety in the case of an unfortunate incident like an accident, theft, etc. Let’s learn more about Piaggio bike insurance and how you can buy one for your two-wheeler.

Popular Piaggio Models with Bike Insurance Price

Here is a list of some of the most popular Piaggio models and the Piaggio two-wheeler insurance price:

Piaggio Model

Ex Showroom Price* 

Fuel Type

Estimated Third-party Premium**

Vespa SXL 150 FL’20

₹1.31 Lakh Petrol ₹769

Vespa Elegante 150 FL

₹1.39 Lakh Petrol ₹769

Vespa 75th 150cc

₹1.49 Lakh Petrol ₹769
Vespa Notte 125 ₹73,288 - 1.01 lakhs Petrol ₹769
Vespa LX 125 ₹96,606 Petrol ₹769
Vespa Urban Club 125 ₹96,606 Petrol ₹769

*The ex-showroom prices are for Delhi and are subject to change based on the city.

**Third-party premium rates are indicative. The actual premium that you may have to pay may change depending on various factors. Please check the prevailing premium rates before purchasing your bike insurance policy.

How Can You Apply for Piaggio Bike Insurance?

You can apply for your Piaggio two-wheeler insurance online on Bajaj Markets with these easy steps:

  • Visit the ‘Bike Insurance’ section on our website.
  • Enter your Piaggio bike’s registration number and your mobile number.
  • Fill the application with all the relevant details.
  • Choose the Piaggio two-wheeler insurance plan as per your needs.
  • Complete the insurance premium payment online.
  • The Piaggio scooter insurance policy will be issued in no time.

How Can You Renew Piaggio Bike Insurance Online

You can renew your Piaggio insurance online on Bajaj MarketsS by following the steps mentioned below:

  •  Visit the ‘Bike Insurance’ section on our website.
  • Enter the details of your previous policy.
  • Enter your personal details and your Piaggio bike details.
  • Check your Piaggio two-wheeler insurance renewal premium.
  • Make the payment online.
  • Download the policy copy.

Do not forget to avail the No-Claim Bonus(NCB) in Two Wheeler Insurance discount at the time of Piaggio insurance renewal.

Note: NCB is earned on a claim-free policy term.

Read more: Bike Insurance Renewal

Why Insure Your Piaggio Bike?

No matter how much care you take of your Piaggio bike by adhering to road-safety norms, it is vulnerable to damage regardless. Loss or damage to your bike due to accidents can burden you financially and emotionally, even if you are an experienced rider. In case of such unforeseen events, the recovery cost of your vehicle or the damage caused to it could incur significant expenses that may be as high as ₹10,000-₹40,000, or more. To avoid these expenses, it is important that you have your Piaggio bike insured. You can visit Bajaj Markets to check out the two-wheeler insurance plan for insuring your Piaggio bike.

Types of Piaggio Bike Insurance You Can Choose From

You can choose from two types of Piaggio insurance plans:

  1. Third-Party Bike Insurance
    Third-party bike insurance is mandatory by law under the Motor Vehicles Act, 1988. However, this policy only covers third-party liabilities. Hence, the premium for Piaggio third-party insurance plans are affordable. However, the coverage in such policies is not extended to you or your Piaggio bike in any unfortunate event. So, if you are looking to buy an extensive cover for your Piaggio, it is recommended to go for a comprehensive bike insurance policy.

  2. Comprehensive Bike Insurance
    A comprehensive Piaggio bike insurance plan will cover third-party liabilities and damages to your own two-wheeler. You can also enhance your comprehensive insurance policy with add-on benefits. Hence, a comprehensive Piaggio insurance plan has a relatively higher premium as compared to third-party bike insurance. However, having comprehensive Piaggio insurance ensures that your two-wheeler is financially protected in case of any unfortunate event.

What Does Your Piaggio Bike Insurance Cover?

Third-party bike insurance covers any damages or bodily injuries caused to a third party by your insured Piaggio. On the other hand, comprehensive bike insurance policies include third-party liabilities, damage caused to your two-wheeler because of malicious intent, repair and replacement expenses, damage caused due to natural disasters, etc.

What is Not Covered in Your Piaggio Bike Insurance?

Some of the expenses that are not covered in your Piaggio scooter insurance are regular wear and tear of the two-wheeler, damages caused due to overspeeding or driving under the influence of alcohol or without a valid driving licence, mechanical or electrical breakdown, etc.

Read More About: Inclusions & Exclusions of Bike Insurance Cover

Add-On Covers to Upgrade Your Piaggio Bike Insurance

Piaggio scooter insurance available from different insurance providers on Bajaj Markets come with bespoke add-on covers to enhance the scope of your two-wheeler insurance coverage. These include:

  • Zero Depreciation Cover
    A zero-depreciation bike insurance cover covers you against the depreciation value of your Piaggio, thereby minimising your out-of-pocket expenses during a claim.

  • Round-the-clock Spot Assistance
    In the case of a sudden breakdown of your Piaggio, the round-the-clock assistance cover ensures towing services, fuel delivery, tyre change, and spare key requirements.

  • Personal Accident Cover
    This covers you and/or the pillion rider for the treatment cost of injuries due to an accident on your insured Piaggio.

  • Return to Invoice
    With this cover, you can get the complete value of your Piaggio in case it incurs total loss due to unforeseen events.

However, note that you can only enhance the scope of your comprehensive Piaggio insurance plan. You cannot opt for add-on covers on third-party bike insurance.

All You Need to Know to File a Claim for Your Piaggio Bike Insurance

There are two types of Piaggio two-wheeler insurance claims:

  • Claim Cashless Bike Insurance for Piaggio 
    With cashless bike insurance claims, you can get your two-wheeler with accidental damages repaired at the nearest network garage. The insurance provider will directly pay the garage for the incurred expenses.

  • Claim Reimbursement for Piaggio
    Here, you can get your two-wheeler fixed at your preferred garage, pay the repair/replacement expenses, and raise a reimbursement claim against your policy. Upon claim approval, the settlement amount is transferred to your bank amount (minus the deductible, if applicable).The documents that you need to file a claim for your Piaggio insurance are as follows:
  1. Piaggio two-wheeler insurance policy document
  2. Piaggio bike details
  3. Insurer details
  4. Details of the Incident
  5. FIR copy, in case of theft/vandalism
  6. Original bills and receipts of the vehicle repair

Read More About: Bike Insurance Claim Process

Tips to Reduce Piaggio Bike Insurance Cost

Here are some easy ways to reduce the insurance cost for your Piaggio bike insurance:

●  Compare Bike Insurance Premiums
Various insurance companies offer bike insurance plans for Piaggio two-wheelers. Make sure you compare the premiums offered by these companies and then pick one that suits your needs.

● Only Choose Add-Ons That are Necessary
Too many add-ons can substantially increase your bike insurance premiums. So, only pick the add-ons you may really need to save costs.

● Avoid Claims for Small Amounts 
Avoid filing bike insurance claims for inexpensive repairs as making multiple claims in a year can lead to an increase in the price of your premiums.

● Maintain Your Piaggio Two-Wheeler
Maintain your two-wheeler in a good condition and get it serviced regularly as the condition of your two-wheeler is an important factor to determine the bike insurance premium.


An unfortunate event like an accident or natural calamity can lead to substantial bike repair and replacement expenses. Your Piaggio bike insurance policy acts as a financial cushion in such times. So, if you are looking to get bike insurance for your Piaggio, take a look at the two-wheeler insurance plans available at Bajaj Markets. You can also use the bike insurance calculator to check the Piaggio bike insurance price for policies available on Bajaj Markets and compare them.

Check Out Bike Insurance Plans Available at Bajaj Markets

FAQs on Piaggio Insurance

  • ✔️Is it compulsory to buy bike insurance for my Piaggio bike?

    Yes, as per the Motor Vehicles Act, 1988, a third-party bike insurance policy is mandatory to drive on Indian roads.

  • ✔️What is the fine for driving without a valid bike insurance policy?

    The penalty for driving your Piaggio two-wheeler without a valid bike insurance policy is ₹2,000 and/or imprisonment up to three months for the first offence. The penalty for subsequent offences is ₹4,000 and/or imprisonment of up to three months.

  • ✔️What is meant by IDV in Piaggio bike insurance?

    IDV stands for Insured Declared Value. It is the market value of your Piaggio bike, after calculating depreciation on it.

  • ✔️Is the Piaggio bike insurance price affordable?

    Yes, at Finserv MARKETS, you can get Piaggio bike insurance at affordable rates from various insurers. You can use the bike insurance premium calculator to calculate the cost of the bike insurance policy based on the coverage and add-on covers you select.

  • ✔️How do I claim my Piaggio bike insurance policy?

    You can claim your Piaggio bike insurance policy online on Finserv MARKETS by following these easy steps. 

    1. Register your claim on our website
    2. Upload the required documents stating and proving your claim.
    3. The insurer will assess your documents and process the claim.

Happy Customers of Bajaj Markets

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

The best way to start looking for health insurance is to do a close study of the coverage needs and checking the insurance company's claim ratio. No unnecessary jargons, easy to apply claims process and choice of premia!

Zero additional charge on part-payment option on Business loans! Let's start!

I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

Get home loan sanctioned online in 72 hours! Let's start!