As you need to be aware, if you very own a motorbike in India, the regulation requires you to have it insured. According to statistics, India has the absolute best price of two-wheeler accidents as in contrast to different countries. This itself emphasizes the want of insurance for your two-wheeler.
Though insurance is necessary and can not be bypassed, it may want to turn out to be pricey and add burden to your finances. And these days the price of everything appears to be taking pictures via the roof. So, you are bound to pay your bike insurance plan top class with a heavy heart. Well, we could help you with 5 handy ways to decrease your bike insurance premium. Read on to recognize how!
#1 Choose Your Bike Well
Yes, more uncommon bikes or the ones with greater engines certainly will cost more. Also, the uncommon or modified bikes are considered to be more steeply-priced when it comes to the repairs and replacement of their spare parts. So, it would be wiser to go for an entry-level motorbike with a smaller engine. This would entice lower premiums accordingly.
#2 Maintain A Clean Driving Record as A Rider
The insurance employer may appear at your record for any tickets or accidents. So, if you have more trip as a rider, the less unstable you will appear in the eyes of the insurer. This will assist you in fetching the fantastic viable premium. Driving safely will help keep your claims low. Which correspondingly would add the advantage of No-claim Bonus to your premium.
Besides a clean driving record, the insurance corporation additionally looks at your driving time and experience. That is, how long have you been riding bikes and what trip do you have with a precise motorcycle to be insured. The greater skilled you are as a driver, lower would be the risk and the cost of premium accordingly.
#3 Avoid Making Small Claims
If you haven’t made any claim in a described duration of time, you are awarded a No Claim Bonus and discounts by the insurer. So, if you make a claim for small damages, you are certain to lose out on the no-claim discount for that specific year.
So, the next time you be aware a dent here or a scratch there or a damaged tail light, skip the time out to the insurer. You could simply take care of these minor damages from your own pocket at a local mechanic save instead.
#4 Boost Your Bike’s Security
The insurers are bound to provide you a lower top rate fee if your bike is extra impenetrable towards theft, vandalism and incidental damage. So, if you deploy protection equipment and additional security measures, it will decrease the risk posed to the insured property. Make sure you park your bike in a invulnerable region like a garage. And then insurers are greater probably to provide you premium discounts.
#5 Bundle Your Policies
Why now not get the benefits of a packaged deal? that receives all your insurance desires covered with the aid of one insurer. Let’s say, if you have a car insurance plan coverage with an insurer, then the same insurance plan corporation is extra likely to furnish you with a discounted top rate for your bike insurance as well.
Besides these, you have the choice of paying the top class yearly or in monthly installments. Paying your bike insurance plan top rate annually would also value you lesser. Also, if you are part of a riding, visiting or vehicle association, a few insurers do provide you some discount. Not carrying a pillion can earn you some more bargain and so is limiting your mileage. And all of these factors when taken into consideration will ensure that the insurance premium does not make a dent in your wallet.