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

Yamaha Bike Insurance Online - Cost & Specifications

The Yamaha bike insurance cost, coverage details and related information can be conveniently checked online, on Bajaj Markets. Yamaha is a popular two-wheeler with its vast range of bikes and scooters admired across the world. Some of the high-end Yamaha models can cost in excess of ₹1.5 Lakhs. Now, when you purchase such an expensive bike it is only prudent to protect it from various threats such as theft, accident, damage due to earthquake or cyclones, and so on. This can be achieved through a comprehensive insurance plan. On the other hand, if you’re just looking to comply with the traffic laws, then you can opt for a basic and affordable third-party plan. 

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Yamaha Bike Insurance

The Japanese motor company, Yamaha was founded in 1955 and was introduced to the Indian market in 1985. Since then, the brand is known for its rugged yet sleek bikes. The ex-showroom price of Yamaha bikes (in Delhi) starts at ₹76,100 and goes up to ₹1.77 Lakhs. Although the Yamaha two-wheelers are strong and durable, you require a financial safety net to secure your vehicle against accidental damage or loss. To avoid spending your savings on covering repair expenses, Yamaha bike insurance is a must! In this article, let’s find out the top Yamaha two-wheeler models and the insurance rates.

Top Yamaha Bike Models and Their Insurance Price

Yamaha manufactures bikes as well as scooters to keep up with the latest trends and engineering advancements. So, here are some of the top models with their insurance prices:

Yamaha Bike Models

Ex-Showroom Price*

Fuel Type

Estimated Third-party Premium**

FY 2022-23

(w.e.f. 1st June 2022)

Yamaha MT 15

₹1.59 Lakhs

Petrol

₹1366

Yamaha FZ 25

₹1.44 Lakhs

Petrol

₹1366

Yamaha FZS 25

₹1.49 Lakhs

Petrol

₹1366

Yamaha FZ-FI

₹1.11 Lakhs

Petrol

₹714

Yamaha R15S

₹1.59 Lakhs

Petrol

₹714-1366

Yamaha R15

₹1.57 Lakhs

Petrol

₹1366

Yamaha R15M

₹1.86 Lakhs

Petrol

₹1366

Yamaha R15 V4

₹1.76 Lakhs

Petrol

₹1366

Yamaha R15M WGP 60th Edition

₹1.88 Lakhs

Petrol

₹1366

Yamaha FZ-X

₹1.30 Lakhs

Petrol

₹714

Yamaha FZ-S FI

₹1.19 Lakhs

Petrol

₹714

Yamaha Aerox 155

₹1.36 Lakhs

Petrol

₹1366

Yamaha RayZR Street Rally

₹87,430

Petrol

₹714

Yamaha RayZR 125 Fi

₹80,230

Petrol

₹714

Yamaha Fascino

₹83,130

Petrol

₹714

 

*The Yamaha 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 Yamaha insurance premium price 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 Purchase Yamaha Insurance Online!

Get extensive Yamaha bike insurance coverage at amazing prices in the following way:

Step 1: Visit the ‘bike insurance premium calculator’ page on the Bajaj MARKETS website.

Step 2: Enter your bike registration number and mobile number.

Step 3: Provide the necessary information in the application form.

Step 4: Pick the bike insurance plan that suits your needs.

Step 5: Make an instant online payment.

Your insurance policy will reach you in no time.

How to Renew Your Yamaha Insurance Online

Opt for timely Yamaha two-wheeler insurance renewal online for continued coverage:

Step 1: Visit the ‘bike insurance renewal’ page on your insurance provider’s website.

Step 2: Enter your previous policy details.

Step 3: Input your personal and bike-related details.

Step 4: Check your renewal premium.

Step 5: Make an instant online payment.

Your bike insurance will be active soon.

Read More: Bike Insurance Renewal

Why Should You Insure Your Yamaha Bike?

Yamaha motor company manufactures durable and rugged two-wheelers with best-in-class features. But no matter how sturdy the vehicle is, could you imagine your Yamaha bike getting completely damaged during a road mishap? Without any insurance backup, replacing your precious vehicle with the latest model for around ₹1 Lakhs - ₹2 Lakhs can be quite a burden. Only if you had purchased bike insurance! But don’t worry, you can still get your Yamaha scooter or motorcycle covered with insurance on Bajaj MARKETS!

Comprehensive or Third-Party Bike Insurance: Which One Should You Get?

  • Third-Party Bike Insurance

Third-party insurance is mandatory coverage under the Motors Vehicles Act, 1988. In the event of a mishap, the insurer shall compensate for any damage incurred by the third-party property or any accidental injuries. But the third-party bike insurance plan doesn’t reimburse the damage caused to your own two-wheeler.

  • Comprehensive Bike Insurance

With comprehensive bike insurance, you can secure third-party liabilities as well as own damage. The coverage includes theft, calamities, fire, explosion, accidental damage and more! Though the Yamaha insurance prices are higher in comparison to third-party insurance, it’s an investment which is worth the money! Avail affordable insurance premiums on Bajaj MARKETS now.

Read More: Benefits of Comprehensive Bike Insurance

What’s Covered Under Bike Insurance

Third-party two-wheeler insurance covers loss incurred by the third-party, bodily injuries, death of the victim, etc. Moreover, the inclusions of a comprehensive Yamaha insurance policy are own damage, theft, natural and man-made calamities, fire, etc.

What’s Not Covered Under Bike Insurance

The exclusions of comprehensive Yamaha insurance include natural wear and tear of the bike, mechanical or electrical breakdown, damage caused outside the designated geographical area, etc.

Read More About: Inclusions & Exclusions of Bike Insurance Cover

Must-Get Add-Ons for Your Yamaha Bike Insurance

To maximise your Yamaha bike insurance coverage, you can opt for the below-mentioned add-on covers that might differ based on the insurer:

  • Personal Accident Cover

Get financial backup to cover treatment expenses in the case of an unforeseen accident with personal accident cover!

  • Zero Depreciation Cover

Due to the depreciation rate of your two-wheeler, you often get a lower claim amount leading to out-of-pocket expenses. No more! With zero depreciation cover, you can get the full compensation for the repair cost under Yamaha insurance!

  • Roadside Assistance Cover

Stop putting a damper on your travel mood due to bike issues arising out of nowhere by opting for a roadside assistance cover.

  • Consumables Cover

Generally, the repair or replacement cost of consumables are not covered under your policy, leading to additional expenses. However, with such an add-on, you can get it covered and be worry-free the next time you need to replace something!

File a Claim Under Your Yamaha Insurance

You need to submit the following documents while raising a claim under your Yamaha two-wheeler insurance plan:

  • Yamaha insurance policy document

  • Bike details

  • Insurer details

  • Details of the Incident

  • FIR copy, in case of theft/vandalism

  • Original bills and receipts of the vehicle repair

There are two types of Yamaha insurance claims:

  • Cashless Claim Under Bike Insurance

You can get your Yamaha bike repaired at an authorised network garage without paying for it. Due to the cashless claim facility, the amount will be directly settled by the insurer and you won’t have to cover it.

  • Reimbursement Claim Under Bike Insurance

Opt for a garage of your choice to get your two-wheeler repaired or serviced. Here, the insurer won’t settle the bill directly but reimburse the claim amount after you cover it from your own pocket.

Read More About: Bike Insurance Claim Process

How to Avail a Lower Yamaha Insurance Premium

Save up on your Yamaha two-wheeler insurance premium price with the below tips:

  • Pay for Smaller Claims

To keep your No Claim Bonus intact and ensure zero claims during the policy year, you can choose to cover inexpensive claims. However, this is only recommended in case of lower repair expenses.

  • Compare Insurance Plans

You can get your hands on a suitable Yamaha insurance policy with an affordable premium by comparing quotes online! But don’t let the premium amount be the only deciding factor.

  • Maintain Your Vehicle

Keeping a track of your Yamaha bike service schedule can give rise to fewer vehicular problems in the long term!

  • Make Use of NCB

No Claim Bonus in bike insurance enables you to get a reward on your Yamaha bike insurance renewal price online if you file zero claims under the plan. Such a bonus keeps increasing for consecutive claim-free years, providing a pocket-friendly premium quote.

In a Nutshell!

In case you own a discontinued Yamaha bike model, you can still opt for two-wheeler insurance to cover it! Bajaj MARKETS offer extensive coverage along with hassle-free claims, easy renewals and lucrative add-on covers.

So, head over to our platform to keep your Yamaha bike safe and secure against perils. In case you are wondering how much your bike insurance premiums will be, use our bike insurance premium calculator now!

Check Out Bike Insurance Plans Available at Bajaj MARKETS

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FAQs on Yamaha Bike Insurance

✔️What is IDV in bike insurance?

Insured Declared Value (IDV) is the maximum amount that your insurance policy shall pay out in the event of complete damage or theft. The IDV is an important component of bike insurance and plays a role in deciding the premium quote.

✔️Do I need to buy insurance for my Yamaha bike?

Yes. Third-party two-wheeler insurance is mandated by law to drive on public roads. To avoid paying a hefty fine, it is vital to have a valid insurance plan.

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

The penalty for driving your Yamaha bike without a valid bike insurance plan is ₹2,000 and/or imprisonment for up to three months for the first offence. For subsequent offences, the penalty is ₹4,000 and/or imprisonment for up to three months.

✔️How is the Yamaha bike insurance premium decided?

The bike insurance premium for any vehicle including Yamaha is decided based on various factors. These include the vehicle’s make and model, fuel type, policy type, your area of residence, IDV, NCB, etc.

✔️Is online bike insurance more cost-effective when compared to the offline plan?

Yes. In the online mode of insurance purchase, there is no third party involved in the process, thus, giving a cost-effective premium. Furthermore, you can also get a lower premium by comparing Yamaha bike insurance quotes online.