Two-Wheeler Insurance
Ride Covered Every Day, Not Just Legally
Two-wheeler insurance covers your motorcycle, scooter or electric two-wheeler against accidents, theft, fire and natural calamities, along with your legal liability to other people on the road. Third-party cover is compulsory, but it pays nothing towards your own vehicle. With two-wheeler theft common in Indian cities, own-damage cover is well worth having. MILES compares policies across insurers, sets a sensible IDV and makes sure your No Claim Bonus carries over at every renewal.
What Your Two-Wheeler Policy Can Cover
Accident Damage Repairs
Pays for repairs after a collision, skid or fall, subject to depreciation on parts and the compulsory deductible.
Theft Of The Vehicle
If your bike or scooter is stolen and not traced, the insurer pays the insured declared value as per the policy.
Fire And Natural Calamities
Covers damage from fire, flood, storm, earthquake and landslide, as well as riots and malicious acts.
Third-Party Liability
Covers injury, death or property damage you cause to others, which the Motor Vehicles Act 1988 requires.
Owner-Rider Accident Cover
Compulsory personal accident cover for the owner-rider, with optional cover for a pillion rider.
Multi-Year Options
Long-term policies can lock in cover for several years and reduce the risk of a missed renewal.
What is two-wheeler insurance?
Two-wheeler insurance is a motor policy for motorcycles, scooters and mopeds, including electric models, that pays for damage to or theft of the vehicle and covers your legal liability to others. Riding on a public road without at least third-party cover is an offence under the Motor Vehicles Act 1988.
New two-wheelers are sold with long-term third-party cover of five years, often bundled with one year of own-damage cover. From the second year, the owner renews only the own-damage part until the third-party term runs out. Keeping these two dates straight is one of the simplest ways to avoid a lapse.
Types of two-wheeler policy
| Policy type | What it covers | Who it suits |
|---|---|---|
| Third-party only | Liability to others for injury, death or property damage | Older, low-value vehicles, as a legal minimum |
| Comprehensive | Third-party liability plus damage to and theft of your own vehicle | Most riders |
| Standalone own-damage | Damage to and theft of your own vehicle only | Owners whose long-term third-party cover is still running |
| Long-term comprehensive | Both covers for more than one year | Riders who want fewer renewals |
What is not covered
- Riding without a valid licence, or under the influence of alcohol or drugs.
- Wear and tear, and mechanical or electrical breakdown.
- Damage to tyres and tubes, unless the vehicle is damaged in the same accident.
- Commercial use, such as delivery work, on a policy issued for private use.
- Loss or damage outside India or outside the geographical area in the policy.
The delivery-work point catches many riders. If you use your bike for food or parcel delivery, tell the insurer. A private-use policy may not respond to a claim that occurs while carrying goods for reward, and a suitable policy for that use is available.
How IDV and premium are decided
The Insured Declared Value is the manufacturer’s listed selling price of the model, less a depreciation percentage based on age. It is the most you can receive for theft or total loss, so a very low IDV saves little premium and costs a lot at claim time.
The own-damage premium then depends on engine capacity, zone of registration, age of the vehicle, add-ons, any voluntary deductible and your No Claim Bonus. NCB rises from 20% to 50% over five claim-free years. For electric two-wheelers, battery value and charging-related risks can influence terms, so check how each insurer treats the battery pack. Third-party premiums are notified by IRDAI.
Add-ons for two-wheelers
- Zero depreciation — full cost of replaced plastic, rubber and metal parts without depreciation deduction.
- Return to invoice — pays the invoice value rather than IDV if the vehicle is stolen or written off.
- Roadside assistance — towing, fuel delivery and help with a puncture.
- Pillion rider accident cover — personal accident cover for the passenger.
- Engine protection — useful where waterlogging during the monsoon is common.
Not every insurer offers every add-on for every model or vehicle age.
How MILES helps
- Compare insurers on premium, add-ons and claim service rather than price alone.
- Check the IDV against the vehicle’s real market value.
- Protect your NCB by transferring it correctly when you switch insurer or buy a new vehicle.
- Align third-party and own-damage dates so neither lapses.
- Guide your claim, from reporting to settlement. Our claims team is a call away.
What we need for a quote
- Registration certificate (RC) copy.
- Current policy, including the third-party expiry date.
- Details of any claim made in the current policy year.
- Add-ons you are interested in.
- For a new vehicle, the dealer invoice.
Two-wheelers are one part of our motor insurance services. Many households insure the family car with us too — see private car insurance — and we can put both renewals on the same reminder calendar.
Cover, exclusions and premiums depend on the insurer’s policy wording and underwriting. MILES Insurance Brokers Pvt. Ltd. is an IRDAI-licensed direct broker (Life & General, Reg. No. 954); the insurance is issued by the insurer. Insurance is the subject matter of solicitation.