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Royal Enfield Bike Insurance Online - Cost, Variants & Specifications

Two-wheeler insurance is mandatory to ride a bike in India. You can now purchase Royal Enfield bike insurance online. Visit their official website, enter details like the bike’s registration number, and your phone number then fill out the insurance application form. Choose a suitable plan, make the payment and you have bought your bike insurance. 

The various models of the Royal Enfield such as Classic, Bullet, Thunderbird 350X have an ex-showroom price between ₹1,45,000-₹2,18,000 and the approximate 3rd party premium is around ₹1,366. If you choose Royal Enfield Himalayan, you might have to pay a premium of around ₹2,804.


Royal Enfield Insurance

Royal Enfield motorcycles bring nostalgia to the two-wheeler industry. The classic “thump” and the distinct engine note are reminiscent of motorcycles in the segment. The ex-showroom price of this bike starts at ₹1.48 Lakhs in Delhi. However, you can never be 100% sure that your bike won’t encounter threats like road accidents. Hence, financial experts suggest you buy a comprehensive Royal Enfield bike insurance policy to avail complete financial security. This article covers points like Royal Enfield price, insurance policies, tips to maintain this bike, and more.

Popular Royal Enfield Models and Insurance Price

Popular Models

Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium~

FY 2022-23


(effective 1st June, 2022)


Royal Enfield Classic 350

₹1.87 - 2.18 Lakhs


₹ 1366

Royal Enfield Bullet 350

₹1.45 - 1.60 Lakhs*


₹ 1366

Royal Enfield Himalayan

₹2.14 - 2.22 Lakhs*


₹ 2804

Royal Enfield Thunderbird 350X

₹1.63-1.64 Lakhs*


₹ 1366

Royal Enfield Interceptor 650

₹2.58 - 3.10 Lakhs*


₹ 2804

Royal Enfield Classic 500

₹1.79-2.16 Lakhs*


₹ 2804

Royal Enfield Continental GT 650

₹3.02 - 3.26 Lakhs*


₹ 2804

*The ex-showroom prices are for Delhi and are subject to change on the basis of 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 to Buy Royal Enfield Bike Insurance Instantly

You can follow the below steps to get Royal Enfield bike insurance.

Step 1: Visit the 'Bike Insurance Premium Calculator' page on Bajaj MARKETS

Step 2: Enter necessary details such as your bike registration number and your phone number. If you don’t have a registration number, you need to enter the RTO location, bike model, manufacturing year, and vehicle registration date.

Step 3: You will receive a policy quote instantly.

Step 4: Proceed to make the payment online if you are satisfied with the quote.

Step 5: Your bike insurance policy shall be shared with you on your registered email address once the payment is made.

How to Renew Your Royal Enfield Bike Insurance

Follow the steps below to renew your Royal Enfield bike insurance.

Step 1: Visit the ‘car insurance renewal’ page of an insurance provider’s website.

Step 2: Fill in the information from your prior insurance policy.

Step 3: Enter your Royal Enfield insurance renewal information as well as any personal information.

Step 4: The screen will display any changes to the premiums, including the Royal Enfield insurance renewal price.

Step 5: Make your payment online and download a copy of your policy document.

Read About: Bike Insurance Renewal

Why Insure Your Royal Enfield

The risks of road accidents are ever present for vehicle owners. The risk multiplies four folds when it comes to motorcycles exposed to various hazards on public roads. Such a risk could lead to accidents that may cause physical injury, damages or losses to the owner of the vehicle or a third party. During such an unanticipated instance, repairing and replacing certain components of your bike will alone cost ₹40,000 at the least and hence you should purchase bike insurance policy. Bearing such losses can disrupt your financial goals drastically. Hence, allowing an insurance company to take care of unforeseen expenses is always a smart move.

Types of Royal Enfield Bike Insurance Plans

Third-Party Bike Insurance

Third-party insurance is compulsory for all owners of two-wheelers that ply on Indian roads. With this plan, you are protected from paying a fine or from imprisonment. It also protects third party liabilities of up to a certain predetermined amount.

Comprehensive Bike Insurance

A comprehensive bike insurance cover provides the benefits of both standalone and third party bike insurance policy covers. This plan can also have add-ons that enhance the coverage of your policy.

Read More: Benefits of Comprehensive Bike Insurance

What’s Covered Under Bike Insurance?

As mentioned above, third-party bike insurance covers losses caused to the third-party, bodily injuries, death of the victim, etc. A comprehensive bike insurance policy, on the other hand, includes own damage, theft, natural, and man-made calamities, third-party liabilities, etc.

What’s Not Covered Under Bike Insurance?

Loss caused outside the designated geographical area, mechanical or electrical breakdown, riding while intoxicated, etc. cannot be claimed under a comprehensive bike insurance policy.

Read More About: Inclusions & Exclusions of Bike Insurance Cover

Add-On Covers for Your Royal Enfield Bike Insurance

  • Personal accident cover

The treatment of any injuries inflicted upon the owner and the pillion rider due to an accident can be covered using personal accident cover.

  • Zero-depreciation

Zero depreciation cover doesn't deduct the depreciation value of the bike while settling the claim. Hence, it is a must-have!

  • Round-the-clock spot assistance

With round-the-clock spot assistance cover, avail 24x7 assistance in case of a sudden breakdown of your vehicle.

  • Return to invoice

Return to invoice cover offers the full purchase value of your bike in case of total loss.

Claim Process of your Royal Enfield Insurance

Here are the documents that should be kept handy while filing Royal Enfield insurance claims.

  • Form of bike insurance claim

  • Copy of a police report

  • Details of the incident

  • Copy of RC Repair Estimate

  • Driving Licence

There are two ways in which Royal Enfield insurance can be claimed.

  • Cashless Claim for Royal Enfield Insurance

You must take your bike to a network garage authorised by your insurer to avail cashless claim. The bill will be then settled by the garage and the insurance provider.

  • Reimbursement Claim for Royal Enfield Insurance

In case of reimbursement claims, you can take your bike to a preferred garage, i.e. it doesn't necessarily have to be associated with your insurer. However, you will have to make the payment and later file a reimbursement claim.

Read More About: Bike Insurance Claim Process

How to Reduce the Insurance Premium for Royal Enfield

Mentioned below are some of the important tips that will help you in reducing the insurance premium for your Royal Enfield.

  • No Claim Bonus

By not making any claims throughout your policy period, you can avail the NCB benefit.

  • Compare Different Quotes

You can opt for a suitable insurance plan by comparing quotes from different insurance providers and thereby reducing the premium price.

  • Take Care of Small Claims

Your insurance premium can be lowered by taking care of small expenses out of your own pocket and not adding them to your insurance plan.

  • Cautious Riding

You should always make sure that you drive your Royal Enfield by following all rules and regulations of traffic. This helps in avoiding mishaps and thereby leads to minimal claims.

To Conclude

Every Royal Enfield owner feels a deep love for their bike! This drives them to take good care of it. So, assuming you too love this bike, it is best to insure it because a single scratch to the Enfield could be heartbreaking. We recommend you to visit our ‘Bike Insurance Calculator’ page and fetch details such as different types of policies and their prices. At Bajaj MARKETS, we offer a range of best insurance for Royal Enfield motorcycles. So, buy our bike insurance cover to enjoy maximum coverage, feasible premium rates, and easy claim process.

Check Out Bike Insurance Plans Available at Bajaj MARKETS

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FAQs on Royal Enfield Insurance

✔️Can we set an IDV value of bikes?

Yes. Your insurance provider will set an IDV value based on your bike’s age, condition, and depreciation value.

✔️ Which insurance policy is best for Royal Enfield?

There is no official insurance company that works with Royal Enfield. To keep your bikes protected, there are multiple companies that offer insurance coverage for complete protection.  

✔️How can I renew my Royal Enfield insurance?

All you have to do is visit your preferred insurer’s website and follow the stipulated steps to generate a quote online.

✔️What is the mileage of Royal Enfield Bikes?

Some Royal Enfield bikes even offer a mileage of over 50 kmpl.

✔️Do Royal Enfield Bikes have ABS or not?

Yes. Single Channel ABS is available on Royal Enfield Bikes.