✓No Inspection Policy Issuance ✓24x7 Assistance ✓Quick Claim Processing | Buy a Bike Insurance Plan Starting at ₹538/year* Check Plans

Suzuki is a Japanese automobile company known for its top-notch two-wheelers. The stylish machines designed with the latest technology have made Suzuki a popular name among motorbike owners in India. Generally, with an ex-showroom price of ₹76,800 in Delhi, the Suzuki bike prices go up to ₹16.4 lakhs. When you buy a new Suzuki bike, you will also need a mandatory third-party insurance plan to go along with it. However, only a comprehensive bike insurance plan can financially cover your precious Suzuki bike. This is why a comprehensive Suzuki bike insurance plan is a must! Here, we’ll look at the various Suzuki insurance options and the buying process.

Suzuki Bike Insurance Price for Popular Models

The table below shows the Suzuki insurance premium for the most popular Suzuki models.

Suzuki Bike Models

Ex-Showroom Price*

Fuel Type

Estimated Third-Party Premium Rates~

FY 2022-23

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

Suzuki V-Strom SX

₹2.11 Lakhs

Petrol

₹1,366

Suzuki Gixxer SF 250

₹1.90 Lakhs

Petrol

₹1,366

Suzuki Gixxer 250

₹1.79 Lakhs

Petrol

₹1,366

Suzuki Gixxer SF

₹1.35 Lakhs

Petrol 

₹1,366

Suzuki Gixxer

₹1.33 Lakhs

Petrol

₹1,366

Suzuki Intruder

₹1.27 Lakhs

Petrol

₹1,366

Suzuki Hayabusa

₹16.4 Lakhs

Petrol

₹2,804

Suzuki V-Strom 650 XT

₹8.84 Lakhs

Petrol

₹2,804

Suzuki Access 125

₹76,800

Petrol

₹714

Suzuki Burgman Street

₹87,900

Petrol

₹714

Suzuki Avenis

₹86,500

Petrol

₹714

Disclaimer: *The Suzuki bike 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 Suzuki insurance premium you may have to pay may change depending on numerous aspects. Please check the prevailing premium rates before purchasing your bike insurance policy.

Types of Suzuki Two-Wheeler Insurance

There are mainly two types of Suzuki insurance plans in the market. They are described below:

1. Third-party liability insurance plan:

This is a mandatory plan for motor vehicles according to the Motor vehicles Act 1988. This policy provides you with benefits in case of unforeseen accidents, injury to a third party, damage to the property, etc. 

2. One-year comprehensive plan:

This is a recommended plan for most vehicles. Along with the third-party liabilities, this plan also includes protection from man-made calamities, natural calamities, damage due to fire and explosions, accidents, and so on. It is most preferred due to its customisation features that allow you to enjoy additional benefits.  

How to Purchase Suzuki Bike Insurance Online

If you wish to purchase Suzuki insurance online, you can easily do so by following the steps:

  • Go to the ‘bike insurance premium calculator’ page on Bajaj Markets.

  • Enter your Suzuki vehicle registration details and contact number on the form.

  • Choose a Suzuki insurance plan from the available options on the site.

  • Pay the online bike insurance premiums through digital payments.

  • Your bike insurance policy will be issued soon.

Types of Suzuki Two-Wheeler Insurance

How to Renew Suzuki Bike Insurance

Continue protecting your prized possession by opting for Suzuki two-wheeler-insurance renewal:

  • Go to the ‘bike insurance renewal’ page on any insurance provider’s website. 
  • Enter your previous policy details. 
  • Enter your personal and bike-related details.
  • Check your Suzuki bike insurance renewal premium.
  • Make an instant payment online.
  • Your Suzuki insurance will be renewed shortly.

Why Should You Insure Your Suzuki Bike?

Can you imagine your Suzuki motorbike incurring damage that is beyond repair? Such an unfortunate incident can result in high out-of-pocket expenses to replace your old bike without insurance. Purchasing a new Suzuki motorcycle can easily cost you over ₹1 lakh. Therefore, it is better to opt for comprehensive insurance that secures your vehicle against various perils. From theft and total damage to natural calamities and third-party liabilities, Suzuki insurance is an all-around coverage against risks!

Third-Party or Comprehensive Bike Insurance: Which one Should you get?

1. Third-Party Bike Insurance

Third-party bike insurance is mandatory by law under the Motor Vehicles Act 1988. These plans are known to cover third-party liabilities only, which means that the coverage is not extended to you or your Suzuki bike. Hence, the premium charges are easy on the pocket.

2. Comprehensive Bike Insurance

A comprehensive bike insurance plan will cover third-party liability and damage to your motorcycle. A comprehensive motor insurance plan has a relatively higher premium than third-party bike insurance. You can even extend the scope of your comprehensive bike insurance policy with add-on benefits. Having a comprehensive Suzuki insurance plan ensures that your two-wheeler is protected against any unfortunate event.

 

Therefore, while third-party bike insurance plans are easy on the pocket, they provide fewer benefits or as much coverage as a comprehensive bike insurance plan. Hence, it might be wiser to opt for a comprehensive Suzuki insurance policy. 

What’s Covered Under Bike Insurance?

Third-party bike insurance covers third-party liabilities, bodily injuries, death of the victim, etc. Furthermore, comprehensive Suzuki insurance includes the following:-

1. Natural and Man-made calamities

Suzuki insurance will protect your bike from natural calamities like floods, earthquakes, riots, vandalism, storms, fires, and man-made issues such as transportation accidents, terrorism, and war, among others.

2. Own damage

This includes the damage and loss of your insured vehicle by sudden perils and accidents specified in the policy.

3. Theft

In case your insured vehicle gets stolen, you will receive an IDV( Insured Declared Value), which is the maximum value the insurer fixed for your insured vehicle for theft and total loss.

4. Fire and explosion

This Suzuki insurance include coverage of damages caused due to fire and explosion to your vehicle.

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What’s Not Covered Under Bike Insurance?

The comprehensive Suzuki insurance doesn’t cover damage caused outside the designated geographical area, claims to arise out of any contractual liability, and other factors which include:-

1. Wear and Tear

Wear and tear damage to your bike is not covered under the Suzuki insurance policy.

2. Electrical and Mechanical Breakdown

These will not be covered under your Suzuki insurance policy. To experience these benefits, you have to purchase or add them separately.

3. Illegal Driving

This includes driving without a licence, drunk driving, running red lights, driving under the influence of any drug, and so on.

4. Depreciation

To take this benefit, you must purchase the zero depreciation Suzuki insurance policy cover. It is not covered under the basic plan. 

Must-Have Add-On Covers for Your Suzuki Bike

Suzuki insurance plans available on Bajaj Markets come with lucrative add-on covers that you can avail of at affordable rates!

1. Zero Depreciation Cover

Zero depreciation cover will not consider the depreciation rate of your Suzuki bike while paying out your Suzuki insurance claim, thus, lowering your out-of-pocket expenses.

2. Roadside Assistance Cover

With the 24x7 roadside assistance cover, you can avail of services such as engine battery jump, towing facility, fuel delivery, etc., and get help during emergencies!

3. Personal Accident Cover

The personal accident add-on cover to your Suzuki insurance plan  financially secures you and/or the pillion rider against any accidental injury sustained during a mishap.

4. Return to Invoice

Get the complete value of your two-wheeler in case of complete damage or theft with such a Suzuki insurance cover! This sum is the same as that mentioned on your vehicle's purchase invoice.

How to File a Claim Under Your Suzuki Bike Insurance

Here are some important documents that you need to claim your Suzuki insurance:

  • Suzuki insurance policy document

  • Suzuki bike details

  • Insurer details

  • Details of the Incident

  • Original bills and receipts of the vehicle repair

  • FIR copy, in case of theft/vandalism

There are two types of Suzuki insurance claims:

1. Cashless Claim Under Bike Insurance

In a cashless Suzuki insurance policy, you will have to register the claim and inform the insurer. You may do so by calling their toll-free number or visiting their website. Due to the cashless claim facility under Suzuki motorbike insurance, you can get the damages on your bike repaired at a nearby network garage. Your Suzuki insurance provider will pay the garage for repair expenses.

2. Reimbursement Claim Under Bike Insurance

In this type of Suzuki insurance policy, you can get your Suzuki bike fixed at a preferred garage, cover the expenses, and raise a reimbursement claim against your policy. Once your claim is approved, the reimbursement amount is transferred over to you.

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How to Lower Your Suzuki Bike Insurance Premiums

Make sure to follow these insider tips to enjoy reduced Suzuki insurance premium prices!

  • Compare Quotes Online

Comparing different Suzuki insurance policies is the best way to get your hands on a suitable insurance plan with a cost-effective premium. Hence, you don’t have to compromise on coverage!

  • Cover Smaller Claims

To maintain a claim-free policy year, you can pay for the inexpensive insurance claims that are affordable.

  • Maintain Your Two-Wheeler

Another trick to keep your Suzuki bike as good as new and incur fewer troubles is to follow the scheduled servicing. Due to this, your vehicle won’t experience any issues, helping you keep the Suzuki insurance claims lower.

  • Make Use of the NCB

Become eligible for the No Claim Bonus by filing zero claims throughout the policy period. Such a bonus will lower your Suzuki insurance renewal premium price!

Final Thoughts

The last thing you would want to experience is unforeseen damage caused to your precious motorcycle due to an accident! Such unpredictable situations further highlight the importance of comprehensive insurance coverage. Even though certain Suzuki bike models or variants have been discontinued, you can still opt for Suzuki insurance for your existing vehicle with Bajaj Markets. Avail simpler Suzuki insurance renewals, the benefit of cost-effective premiums, speedy claim settlement, and more!

FAQs on Suzuki Bike Insurance

Can I buy Suzuki bike insurance online?

You can buy Suzuki insurance online on Bajaj Markets and other websites.

How can I check the Suzuki bike insurance cost?

You can check the Suzuki insurance price using the 'bike insurance premiums calculator'. 

What are the benefits of buying a Suzuki two-wheeler multi-year package policy?

Buying a multi-year package protects you financially against damage, loss, and theft of your vehicle. It allows you to run your vehicle hassle free without thinking of the renewal of your Suzuki insurance policy for up to three years.

Why should I buy comprehensive insurance for my Suzuki bike or scooter?

A comprehensive Suzuki insurance plan will provide you with extensive benefits along with third-party liabilities, including damage like man-made calamities, personal accidents, theft, fires, explosions, etc.

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