Yamaha Insurance

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.

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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.

 

On Bajaj Markets, it is simple to examine the price for Yamaha bike insurance, the terms of the coverage, and other relevant data. With its wide selection of appreciated motorcycles and scooters, Yamaha is a well-known two-wheeler. Some of the most expensive Yamaha versions might run you more than ₹1.5 Lakhs. 

 

When you buy a bike so pricey, it only makes sense to safeguard it from potential risks like theft, accidents, damage from earthquakes or cyclones, etc. A thorough insurance strategy can help with this. On the other hand, if all you want is to follow the law, you can choose a straightforward, reasonably priced third-party plan.

About Yamaha

Yamaha, a Japanese automobile manufacturer, was established in 1955 and entered the Indian market in 1985. Since then, the company has been renowned for its tough but stylish bikes. In Delhi, the ex-showroom price of a Yamaha motorcycle ranges from ₹76,100 to ₹1.77 Lakhs. 

 

Despite the strength and durability of Yamaha two-wheelers, you still need a financial safety net to protect your vehicle against theft or unintentional damage. Yamaha bike insurance is essential if you don't want to use your funds to pay for repairs. The finest Yamaha two-wheeler models and insurance costs are discussed.

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.

What are the Types of Yamaha Bike Insurance Plans

Every enthusiast of motorcycles may find something from Yamaha. Your Yamaha bike insurance will protect you, the other involved individual, and their property in the case of an accident. Financial protection from unanticipated occurrences such as accidents, fire, theft, natural and man-made calamities, and more are provided by Yamaha motorcycle insurance. There are three forms of Yamaha insurance: a two-wheeler liability policy, a standalone own-damage policy, and a comprehensive two-wheeler package policy. 

 

Let us look into the types of Yamaha two-wheeler insurance briefly -

  • Two-wheeler vehicle package policy - 

Comprehensive Yamaha motorbike insurance provides extensive coverage and covers both an own-damage policy and third-party liability. It protects yourself, your bike, and the other party against monetary damage or loss resulting from accidents, natural catastrophes, man-made disasters, and other unpleasant occurrences.

  • Two-wheeler vehicle liability policy -

The MV Act of 1988 made third-party responsibility mandatory. You are protected against third-party legal liability by Yamaha insurance. It is useful if the insured bike injures someone or damages someone else's property. If you don't have third-party liability insurance, you risk receiving a substantial punishment. However, your own bike is not covered by this policy if it is damaged.

  • Stand-alone own-damage Yamaha two-wheeler insurance - 

This insurance was launched in September 2019 by the IRDAI. The insurance coverage is only intended to pay for damage to the covered bike. If your Yamaha motorcycle is harmed by a natural disaster, theft, fire, or another event, own-damage coverage will protect you. As long as your third-party liability insurance is still in effect, you may acquire this coverage.

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!

Why Buy Yamaha Bike Insurance Online

Yamaha bike insurance can be purchased online due to its speed and paperless procedure. Among the other reasons may be:

 

  • Less Difficult Process - You may purchase your Yamaha bike insurance online from the convenience of your own home with only a few mouse clicks.

  • Less Time Limited - There is no time restriction on purchasing online Yamaha two-wheeler insurance.

  • Less Paperwork - You don't need to be concerned about carrying numerous copies of your paperwork because the process is entirely online.

How to Compare & Buy Yamaha Insurance For Your Two-wheeler Online

While choosing the best insurance for your bike online, you need to start with determining the type of coverage you need, a liability insurance cover or a comprehensive cover. Given that the premium for a comprehensive Yamaha bike insurance is comparatively higher for the range of extensive benefits it provides. 

 

A comprehensive Yamaha two-wheeler insurance policy is a bit more expensive, offering long-term benefits and enhanced protection. In contrast, third-party bike insurance is relatively lesser as it only compensates for third-party damages. 

 

One can compare the premium based on the age of the two-wheeler, city of registration, fuel capacity and the total number of claims in a fiscal year. You can compare Yamaha two-wheeler insurance online based on the requirements and add-ons that are affordable to you.

Top Yamaha Bike Models and Their Insurance Prices

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 based on the city.

 

**Third-party premium rates are indicative. The actual Yamaha insurance premium price 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 Avail a Lower Yamaha Insurance Premium

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

  • Pay for Smaller Claims

You might decide to pay for inexpensive claims if you want to maintain your No Claim Bonus and guarantee there are no claims made during the policy year. In the event of decreased repair costs, this is solely advised.

  • Compare Insurance Plans

By comparing prices online, you may choose a suitable Yamaha bike insurance plan with a low cost! However, don't let it be your sole consideration.

  • Maintain Your Vehicle

In the long run, keeping track of your Yamaha bike's maintenance plan might lead to fewer bike issues. You can check your vehicle servicing timeline anytime on the official website.

  • Make Use of the NCB

If you don't make any claims throughout the term of the plan, you'll receive a discount on the price of your Yamaha bike insurance renewal when you renew it online. Such a bonus increases each year that there are no claims, resulting in an affordable premium.

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

You frequently receive a lesser claim amount because of the two-depreciation wheeler's rate, which results in out-of-pocket costs. You can obtain full reimbursement for the repair cost via Yamaha two-wheeler insurance if you have zero depreciation coverage.

  • Roadside Assistance Cover

By choosing a roadside assistance plan, you may stop letting bike problems that appear out of nowhere ruin your trip mood.

  • Consumables Cover

The cost of consumable repairs or replacements is typically not covered by your insurance, which results in additional costs. However, with such an addition, you may hide it and feel at ease the next time you need to repair anything.

Key Benefits and Features of Yamaha Two-wheeler Insurance

The prime benefits of choosing a Yamaha two-wheeler insurance are stated below -

 

  • Network garages available PAN India with cashless claim settlement

  • Quick assistance over phone and emails

  • Dedicated customer grievance redressal service

  • Extensive premium coverage with add on benefits

  • Heavy discounts

  • Hassle free insurance buy and claim procedure

What's Covered Under Bike Insurance

The first and foremost thing to be taken into consideration while purchasing a Yamaha bike insurance policy is the coverage it provides. The following are the inclusions of the Yamaha two-wheeler insurance - 

 

  • Comprehensive insurance coverage against own vehicle damage - Yamaha two-wheeler insurance provides you due compensation for damages caused by natural and man-made disasters, accidents or any malicious activities.

  • Third-Party liabilities - Two-wheeler third-party insurance provides coverage for third-party losses, physical injuries, fatalities, etc. Additionally, a comprehensive Yamaha bike insurance coverage will cover things like personal damage, theft, fire, natural and man-made disasters, etc.

  • Mandatory accident cover - Yamaha bike insurance is also entitled to provide compensation for any sort of accidental damages caused to the owner or driver of the insured vehicle.

What's Not Covered Under Bike Insurance

The bike's normal wear and tear, mechanical or electrical failure, damage incurred outside the specified geographic region, etc., are exclusions from comprehensive Yamaha bike insurance. Additionally, claims due to any consequential loss, legal penalties or using the insured vehicle beyond the scope of limitation, as well as any accident that occurred outside of the geographical area, are excluded from the Yamaha two-wheeler insurance.

 

Read More About Inclusions & Exclusions of Bike Insurance Cover

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 last 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

Yamaha Insurance Optional Benefits

With a regular premium, you can enjoy some extensive add-on benefits within your Yamaha two-wheeler insurance with an extra amount. 

 

The add-on benefits include -

 

  • Zero Depreciation Cover

  • Engine Protection Cover

  • Key Replacement Benefit

  • Roadside Assistance

  • No Claim Bonus Protection Cover

  • Additional Consumables Cover

  • Secure Towing Service

Yamaha optional benefits include -

 

  • Loss of accessories

  • Personal Accident Coverage

  • Legal Liability Cover to manual help like cleaner, workman or paid driver

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 bike insurance claims:

 

  • Cashless Claim Under Bike Insurance

At a network garage that has been authorised by Yamaha, you may get your bike fixed there for free. The money will be paid directly by the insurer due to the cashless claim feature, so you won't be responsible for paying it.

  • Reimbursement Claim Under Bike Insurance

Choose a shop of your choosing to have your two-wheeler fixed or maintained. Instead of paying the cost outright in this case, the insurance will refund you once you pay it yourself.

 

Read More About - Bike Insurance Claim Process

In a Nutshell

You may still get two-wheeler insurance to protect your bike, even if it's a model of Yamaha that has been discontinued. Along with comprehensive coverage, hassle-free claims, simple renewals, and attractive add-on covers, Bajaj Markets also provides.

 

Visit our platform now to protect your Yamaha motorcycle from dangers. Use our bike insurance premium calculator immediately if you're curious about how much your rates will be for bike insurance.

 

Check Out Bike Insurance Plans Available at Bajaj Markets

FAQs on Yamaha Bike Insurance

  • ✔️What is IDV in bike insurance?

    The maximum sum that your insurance policy will cover in the case of full damage or theft is known as the "insured declared value" (IDV). The IDV is a crucial element of bike insurance and affects the premium estimate.

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

    Yes. To operate a two-wheeler on public highways, third-party insurance is required by law. Obtaining a legitimate insurance plan is crucial to avoid incurring a high fee or legal penalties.

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

    For the first offence, operating your Yamaha bike without a current motorcycle insurance policy carries a fine of ₹ 2,000 and/or a maximum three-month jail sentence. The punishment is ₹ 4,000 and/or up to three months in jail for successive offences.

  • ✔️How is the Yamaha bike insurance premium decided?

    Yamaha two-wheeler insurance rates are determined depending on a number of variables. These include the brand and model of the car, the gasoline it uses, the kind of insurance it has, where you live, the IDV and NCB, etc.

     

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

    Yes. Due to the absence of a middleman in the internet insurance purchasing procedure, the premium is more affordable. Furthermore, comparing Yamaha bike insurance rates online might help you pay a reduced cost.

     

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