Honda two-wheeler insurance

Know everything about Honda bike insurance, its benefits, and coverages. Check the insurance premiums for Honda two-wheelers.
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Honda bike insurance
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3 mins
20-July-2023

Having a two-wheeler today has become a must, especially to commute conveniently through heavy traffics. Honda bikes have become a popular choice among many because of their superior quality and performance. While you buy a Honda bike to meet your daily needs, you must also buy bike insurance to stay financially prepared for any sudden expenses. Honda two-wheeler insurance covers you against damages caused to your vehicle due to any accidents, natural calamities, or man-made activities. You not only get coverage for damages caused to your own vehicle but also to a third party.

Read on to know the benefits of having two-wheeler insurance for your Honda two-wheeler. Also, check the insurance prices for different Honda two-wheeler models.

 

Features of Honda two-wheeler insurance

Here’s a quick look at the features of Honda two-wheeler insurance.

Features

Specifications

Own damage cover

Covers your bike against theft, fire, accident, and other natural calamities.

Third-party cover

Covers damages caused to third party’s property, or bodily injury.

Cashless garages

7,000+ network garages across India

Personal accident cover

Up to Rs. 15 lakh

No Claim Bonus

Up to 50%

 

Benefits of Honda two-wheeler insurance

Having a two-wheeler insurance policy for your Honda two-wheeler provides a range of benefits:

Comprehensive coverage

You get compensation for repair or replacement costs in case of any damages caused to your vehicle. It covers damages caused from due to accidents, theft, natural calamities, and man-made disasters. You also get coverage for damages caused to a third party in an accident involving your bike.

Personal accident cover

The policy offers personal accident coverage that provides financial protection to the owner/driver and passengers in case of accidental death or permanent disability.

Customisable plans

Add benefits or coverages that you need to your bike insurance to stay fully covered. Choose from the various add-on covers offered by the insurer.

No Claim Bonus

You get a No Claim Bonus for every claim-free year. You can accumulate up to 50% No Claim Bonus over five years if made zero claims. You use this benefit to reduce your policy renewal premium whenever needed.

Best insurance prices for Honda two-wheelers

Here’s a quick look at the insurance prices for different Honda two-wheeler models.

Honda two-wheelers

Insurance premium (starting from)

Honda Activa 6G

Rs. 714

Honda Shine

Rs. 714

Honda SP 125

Rs. 714

Honda Hornet 2.0

Rs. 1,366

Honda Gold Wing

Rs. 2,804


Note: The insurance prices depend on the vehicle’s engine CC and are subject to change.

Types of Honda bike insurance policies

Honda offers the following types of bike insurance policies:

Comprehensive insurance:

Comprehensive insurance provides coverage for both third-party liabilities as well as own damage. This policy is generally recommended as it provides extensive coverage for your Honda bike.

Third-party insurance:

Third-party insurance only covers the damages caused to a third party in case of an accident. It is mandatory by law in India and offers limited coverage compared to comprehensive insurance.

Standalone own damage cover:

Standalone own damage cover is a type of insurance policy that offers coverage only for damages to your Honda bike. It does not cover any third-party liabilities.

How to compare bike insurance online?

To compare bike insurance policies online

Step 1: Visit an online insurance aggregator website.
Step 2: Enter the basic details of your Honda bike such as the make and model, year of manufacture, and registration number.
Step 3: Enter your personal and contact details.
Step 4: Compare the policies based on coverage, premium, and other features.
Step 5: Select the policy that best suits your Honda bike.

Inclusions of Honda two-wheeler insurance

Here’s what Honda two-wheeler insurance covers:

Own damage cover

Covers any losses or damages caused to your insured vehicle due to floods, storms, earthquakes, or theft, fire, riots, etc.

Third-party liability cover

Covers damages caused to the third party’s vehicle or property. You also get coverage if the third party suffers any injury due to the accident.

Personal accident cover

You get personal accident cover up to Rs. 15 lakh. Some bike insurance policies also cover the pillion rider if injured in an accident. You also get coverage for accidental death or permanent disability.

Exclusions of Honda two-wheeler insurance

Honda two-wheeler insurance does not cover the following:

  • Any damages caused while riding under the influence of alcohol or drugs.
  • Any damages caused due to normal wear and tear of the vehicle
  • Any damages caused due to mechanical or electrical breakdown of the vehicle.

Add-on covers on Honda two-wheeler insurance

You can get extra protection with add-on covers. Here are a few add-on covers that you can choose from.

Zero depreciation cover

Get the entire cost of repairs or replacement of parts without considering the depreciation of the vehicle.

No Claim Bonus protection cover

You do not have to worry about losing the NCB for making a claim for minor or major damages if you have this add-on cover. The NCB protection cover helps you retain the NCB even if you make a claim during the policy year.

Roadside assistance cover

You can benefit from the 24x7 roadside assistance offered on this add-on cover. You get assistance in case of emergencies like bike breakdown, battery jump-start, fuel run-out, and towing.

Reasons why buying Honda bike insurance is important

Here why every Honda bike owner should consider buying Honda two-wheeler insurance:

Legal compliance

It is mandatory to at least have third-party insurance policy for your two-wheeler by law. Most insurers offer third-party cover in comprehensive bike insurance. You can also buy third-party insurance separately at a nominal price.

Financial protection

A Honda two-wheeler insurance offer financial backup to deal with sudden expenses incurred due to vehicle damages. Vehicle damages can get expensive and strain your savings. The bike insurance covers the repair or replacement costs of such damages.

A step-by-step guide to buying bike insurance online

Follow the below steps to buy two-wheeler insurance on Bajaj Finance Insurance Mall.

Step 1: Visit Bajaj Finance Insurance Mall and view the comprehensive two-wheeler insurance plans offered by leading motor insurance companies.
Step 2: Click on 'Get Quote’ to open the online application form.
Step 3: Enter the vehicle type, two-wheeler registration number, mobile number, and residential PIN code. Check the terms and conditions and click on the ‘Get Quote’ button below.
Step 4: Choose the IDV, NCB value, add-on covers, and plan type to get a list of relevant policies. You need to update your current policy expiry date here.
Step 5: Click on the ‘Buy Now’ button. You will need to add owner-driver personal accident cover mandated by the RTO. Click on ‘Next’ to proceed.
Step 6: Confirm the vehicle registration date and the previous policy type (comprehensive/third-party). Click on ‘Proceed’.
Step 7: Enter vehicle owner’s name, date of birth, residential address, and contact number. Also, enter vehicle engine and chassis number (as per the RC) and previous policy details.
Step 8: Review your previously filled details and make the payment through your preferred online payment mode. You can use net banking, UPI, credit/debit card to buy the policy.

Documents required to claim Honda bike insurance

To claim Honda bike insurance, the following documents are required:

  • Insurance policy documents
  • FIR copy, in case of an accident
  • Driving licence
  • Vehicle registration certificate
  • Original bills and receipts

Frequently asked questions

What is a bike insurance policy?

A bike insurance policy is an agreement between an insurance company and the owner of a two-wheeler. It provides financial coverage against damages and losses that may occur due to accidents, theft, or natural calamities.

How much does two-wheeler insurance cost?

Two-wheeler insurance premium depends on several factors such as the bike’s make and model, age, type of coverage selected, and the add-on covers chosen. It is recommended to compare policies from different insurers to find the best deal.

How to check the details of Honda bike insurance?

To check Honda bike insurance details, you can check the policy document provided by the insurance company. You can also contact the customer care helpline. You can also visit the official website of the insurance company. Enter details like your policy number or registration number to check the policy details.

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