Motor Bike is one of the most common form of daily transport mode used by millions of Indians today. With city traffic becoming over-crowded motorbikes have also become the most smarter alternative for daily commuting.Few of the most common reasons behind wide use of two wheelers in India are fuel efficiency, low cost of maintenance and ease of navigation.Now if you are motor bike owner , as per Indian legal system it is mandatory for you to have a two wheeler Insurance policy in place.But with rising cost of repair and fuel ,cost of the insurance premium is also turning into a nightmare leading lower rate of policy renewals so it is become more important to understand the ways towards optimizing the premium cost so that it bring better sense.
It is not about doing online comparison and buying it from the cheapest insurer but it is more about buy two wheeler insurance plans online at the cheapest price.There are many ways by which you can reduce your Bike Insurance Premium but the six most important of them are as listed below:
a. Always try to have a clean driving habit, Insurer prefers to offer insurance to people who are more likely to not make a claim.People are with low risk driving habits with no past history accidents are incentivized more .Your driving habits lead to your insurer offering good discount on your bike insurance premium.
b. Choose the right bike which fits well with your commuting needs.Buying a heavy duty bike with higher engine capacity might look very exotic but the same would always have a higher insurance premium too.
c. Always prefer to premium annually ,insurer generally offer discounts to policyholder who pay premium annually.One time annual payment of premium makes the insurer also safe so they offer incentives to policyholders who opt for annual policy renewals.
d. Don’t make claims for smaller expenses.It is advised always that one should make a claim only when the claim amount is more that 20% of the IDV of the motor bike.Making claims also erodes the NCB attached with policy which in turn makes the policy costly.
e. Another smart way to get discount from your insurer is to join a riding association.Insurer generally offer discount to members of particular association.
f. Making use of security tips and instruments to boost your bike security and safety.Like if you have a technology enabled security system installed in your two wheeler the insurer gives you priority for this.They generally offer you discount if you have already taken the extra step to your ride extra secure.
So it can be easily understood with just small extra care and being bit more smart, Compare two wheeler insurance onlineand you can actually save a lot money on your bike’s insurance premium.Just follow the six smart tips mentioned above you will always save a lot and have tension free ride across the city.
