Choosing the right bike insurance company can save you from unnecessary expenses and headaches later. But finding the right insurer isn’t simply about choosing the company offering the lowest premium. Read more about bike insurance companies in india.
Your bike insurance should match your vehicle, riding habits, budget and level of protection you need. Factors such as coverage, IDV, deductibles, add-ons, No Claim Bonus (NCB), cashless garages and the claims process can all make a difference.
In this guide, we compare 10 leading bike insurance companies in India in 2026, explain what each insurer is best known for, and show you what to check before buying or renewing a two-wheeler insurance policy.
Important: There is no official IRDAI ranking that declares one insurer the “best” bike insurance company in India. The list below is an editorial comparison based on the insurers’ two-wheeler offerings, coverage options, services and suitability for different types of riders. Premiums and policy features can vary by vehicle, location and policy terms.
Quick Answer: Which Are the Top 10 Bike Insurance Companies in India?
The 10 insurers covered in this guide are:
- HDFC ERGO General Insurance
- ICICI Lombard General Insurance
- Bajaj Allianz General Insurance
- Tata AIG General Insurance
- ACKO General Insurance
- Go Digit General Insurance
- SBI General Insurance
- IndusInd General Insurance
- IFFCO Tokio General Insurance
- New India Assurance
These companies offer different combinations of third-party, comprehensive and own-damage insurance, along with various optional add-ons and digital services.
The best choice depends on what matters most to you.
Comparison of the Top 10 Bike Insurance Companies in India
| Insurance Company | Best For | Third-Party | Comprehensive | Online Services | Add-ons |
|---|---|---|---|---|---|
| HDFC ERGO | Broad coverage options | Yes | Yes | Yes | Yes |
| ICICI Lombard | Digital services | Yes | Yes | Yes | Yes |
| Bajaj Allianz | Established motor insurance | Yes | Yes | Yes | Yes |
| Tata AIG | Flexible coverage | Yes | Yes | Yes | Yes |
| ACKO | Digital-first experience | Yes | Yes | Yes | Yes |
| Go Digit | Online convenience | Yes | Yes | Yes | Yes |
| SBI General | Long-term options | Yes | Yes | Yes | Yes |
| IndusInd General | Established insurer + digital services | Yes | Yes | Yes | Yes |
| IFFCO Tokio | Established insurer | Yes | Yes | Yes | Yes |
| New India Assurance | Public-sector option | Yes | Yes | Yes | Varies |
Note: Availability of specific policies, add-ons, garages and services can vary by vehicle, location, eligibility and policy terms.
1. HDFC ERGO General Insurance
HDFC ERGO Two-Wheeler Insurance
Best for: Riders looking for broad coverage choices and digital insurance services.
HDFC ERGO is one of the major private general insurers offering two-wheeler insurance in India.
Its current two-wheeler insurance offering includes comprehensive, third-party and standalone own-damage options. The insurer also lists features such as roadside assistance, zero depreciation and No Claim Bonus options, depending on the policy. HDFC ERGO currently advertises a network of more than 2,000 cashless garages on its bike-insurance page.
Key features
- Comprehensive bike insurance
- Third-party liability insurance
- Standalone own-damage coverage
- Zero depreciation option
- Emergency roadside assistance
- Cashless garage network
- Online purchase and renewal
- Digital claim services
- NCB benefits
Who should consider HDFC ERGO?
It may suit riders who want a combination of an established insurer, multiple coverage options and online policy management.
However, don’t assume that the highest number of garages or a well-known brand automatically makes a policy the best choice. Always check whether the insurer has suitable garages near you and compare the actual policy terms.
2. ICICI Lombard General Insurance
ICICI Lombard Two-Wheeler Insurance
Best for: Riders who value digital convenience and online claims.
ICICI Lombard offers third-party, standalone own-damage and comprehensive two-wheeler insurance.
Its current two-wheeler insurance service includes online policy issuance, digital claims inspection and cashless garage services. The company says it has tie-ups with more than 7,000 garages.
Key features
- Third-party insurance
- Own-damage insurance
- Comprehensive coverage
- Online policy issuance
- Online renewal
- Digital claim inspection
- Cashless garage network
- Optional add-ons
- 24/7 claim assistance
Who should consider ICICI Lombard?
ICICI Lombard can be worth comparing if you prefer buying, renewing and managing insurance digitally.
It can also be useful for riders who want multiple coverage choices rather than only basic third-party insurance.
3. Bajaj Allianz General Insurance
Bajaj Allianz General Insurance
Best for: Riders looking for an established motor-insurance provider.
Bajaj Allianz General Insurance is a major private general insurer offering two-wheeler insurance in India.
Its bike insurance products include third-party and broader coverage options, with additional protection available through selected add-ons.
Key features
- Third-party bike insurance
- Comprehensive insurance
- Own-damage protection
- Zero depreciation options
- Roadside assistance
- Engine protection options
- Online purchase and renewal
- Cashless repair facilities
- Digital claim services
Who should consider Bajaj Allianz?
It may be suitable for riders who prefer an established insurer and want to compare several coverage and add-on options before purchasing.
Don’t compare it with another insurer solely on the headline premium. Make sure the IDV, deductible and coverage are comparable.
4. Tata AIG General Insurance
Tata AIG Two-Wheeler Insurance
Best for: Riders looking for flexible coverage and optional add-ons.
Tata AIG offers bike insurance covering third-party liability as well as broader own-damage protection.
Its current two-wheeler insurance information highlights protection against risks such as accidents, theft, natural disasters and third-party liabilities. It also offers cashless repair services and several optional covers.
Key features
- Third-party insurance
- Comprehensive coverage
- Own-damage insurance
- Cashless repair facilities
- Online purchase and renewal
- Roadside assistance
- Zero depreciation options
- Other optional add-ons
Who should consider Tata AIG?
Tata AIG can be worth considering if you want to customize your policy based on your bike and riding needs.
For example, a new-bike owner may have different requirements from someone riding a 7-year-old commuter motorcycle.
5. ACKO General Insurance
Best for: Riders who prefer a digital-first insurance experience.
ACKO has built much of its customer experience around online insurance services.
The insurer offers two-wheeler insurance options and allows customers to manage important parts of their insurance journey digitally.
Key features
- Online policy purchase
- Online renewal
- Third-party insurance
- Comprehensive coverage
- Own-damage options
- Digital claims
- Optional add-ons
- Online policy management
Who should consider ACKO?
ACKO may appeal to riders who prefer completing insurance-related tasks online and want a relatively digital buying and servicing experience.
As with any insurer, however, check the actual policy wording, exclusions, deductibles and claim conditions before purchasing.
6. Go Digit General Insurance
Best for: Riders who prefer online insurance services.
Go Digit is another technology-focused general insurer offering motor insurance products.
Its approach emphasizes digital policy purchase, servicing and claims.
Key features
- Online bike insurance
- Digital policy management
- Online renewal
- Third-party insurance
- Comprehensive coverage
- Own-damage options
- Digital claims
- Network repair facilities
Who should consider Go Digit?
Go Digit can be worth comparing if you prioritize online convenience and want to manage much of your insurance through digital channels.
The right choice should still be based on the complete policy rather than the convenience of buying it.
7. SBI General Insurance
SBI General Two-Wheeler Insurance
Best for: Riders interested in established insurance services and long-term policy options.
SBI General offers two-wheeler insurance with third-party and broader own-damage/comprehensive options.
The insurer also offers long-term two-wheeler insurance products. Its current information states that long-term policies can provide protection for two or three years, depending on the product.
Key features
- Third-party insurance
- Comprehensive insurance
- Own-damage coverage
- Long-term policy options
- Roadside assistance
- Engine protection
- Return-to-invoice options
- NCB protection
- Consumables cover
- Online purchase and renewal
SBI General also states that bike premiums can vary based on factors including geographical location, bike make and model, engine capacity, manufacturing year and voluntary deductible.
Who should consider SBI General?
It can be worth comparing if you want a traditional, established insurer and are interested in longer-term insurance options.
8. IndusInd General Insurance
IndusInd General Insurance Two-Wheeler Insurance
Best for: Riders looking for an established insurer with multiple two-wheeler coverage options.
IndusInd General Insurance is the current name of the company formerly known as Reliance General Insurance Company Limited. The company officially changed its name to IndusInd General Insurance Company Limited in September 2025.
Its current bike-insurance offering includes own-damage and third-party protection, No Claim Bonus, optional add-ons and online buying and renewal. The insurer currently advertises more than 11,000 network garages for its two-wheeler insurance.
Key features
- Third-party bike insurance
- Own-damage coverage
- Comprehensive options
- No Claim Bonus
- Cashless garage network
- Optional add-ons
- Online purchase
- Online renewal
- Digital claims
Who should consider IndusInd General Insurance?
It is worth comparing if you are considering an established insurer with both traditional and digital service options.
If you’re researching older insurance articles, remember that some may still use the company’s former name, Reliance General Insurance.
9. IFFCO Tokio General Insurance
IFFCO Tokio Two-Wheeler Insurance
Best for: Riders who want another established insurer to compare.
IFFCO Tokio General Insurance was incorporated in 2000 as a joint venture between IFFCO and Tokio Marine Group. The company offers two-wheeler insurance along with other general insurance products.
Its current two-wheeler insurance offering includes third-party and comprehensive options, with add-ons available depending on the policy. It also provides online purchase and renewal facilities.
Key features
- Third-party bike insurance
- Comprehensive insurance
- Own-damage options
- Optional add-ons
- Online purchase
- Online renewal
- Cashless repair options
- Customer support
Who should consider IFFCO Tokio?
IFFCO Tokio is worth including when comparing multiple insurers, especially if you want to look beyond the biggest digital-first brands.
10. New India Assurance
Best for: Riders who prefer an established public-sector insurer.
New India Assurance is one of India’s long-established general insurance companies and offers motor-insurance products, including two-wheeler coverage.
The company is also listed among India’s registered general insurers by IRDAI.
Key factors to compare
When considering New India Assurance, compare:
- Premium
- Coverage
- IDV
- Deductible
- Add-ons
- Garage availability
- Claim process
- Policy exclusions
Who should consider New India Assurance?
It may suit riders who prefer an established public-sector insurer and want to compare its policy against private insurers.
Which Bike Insurance Company Is Best?
There isn’t one answer that works for every bike owner.
Instead, think about what you actually need from your insurer.
Best for digital-first insurance
You may want to compare:
ACKO, Go Digit and ICICI Lombard
if online purchasing, renewal and digital servicing are particularly important to you.
Best for broad coverage choices
Consider comparing:
HDFC ERGO, ICICI Lombard, Bajaj Allianz and Tata AIG
for different combinations of comprehensive coverage and add-ons.
Best for long-term options
You can compare insurers such as:
SBI General, Tata AIG and IndusInd General Insurance
where applicable.
Best for comparing established insurers
You can also include:
IFFCO Tokio and New India Assurance
in your quote comparison.
The important point: Don’t buy insurance just because a company appears at No. 1 on a website.
Your actual policy, premium, IDV, deductible, exclusions and claim conditions matter more.
Also read: 10 Best Health Insurance in India for Family (2026 Guide)
What Type of Bike Insurance Should You Buy?
Before comparing companies, understand the three main options.
Third-Party Bike Insurance
Third-party liability insurance protects you against covered legal liabilities toward third parties arising from the use of your bike.
It is the minimum motor insurance cover required for vehicles used on public roads in India. IRDAI confirms that third-party liability insurance is mandatory.
However, it doesn’t provide equivalent protection for damage to your own bike.
Comprehensive Bike Insurance
Comprehensive insurance generally combines third-party liability protection with own-damage coverage.
Depending on the policy, own-damage protection may cover risks such as:
- Accidents
- Theft
- Fire
- Natural calamities
- Certain man-made events
The exact coverage depends on the policy wording.
Standalone Own-Damage Insurance
Standalone own-damage insurance protects your own bike against covered risks but does not replace the mandatory third-party liability cover.
It can be useful in situations where you already have valid third-party insurance and want separate protection for your own vehicle.
How Much Does Bike Insurance Cost in India?
There is no fixed bike insurance price for everyone.
Your premium can depend on:
- Bike make and model
- Engine capacity
- Age of the bike
- Registration location
- IDV
- Type of policy
- Previous claims
- NCB
- Deductible
- Add-ons
IRDAI explains that own-damage premiums can vary between insurers for similar coverage and advises consumers to compare multiple quotes. Third-party liability premiums are prescribed by IRDAI.
That means you shouldn’t compare policies based only on the advertised starting price.
What Is IDV in Bike Insurance?
IDV stands for Insured Declared Value.
It represents the insured value of the bike for relevant own-damage claims and should reflect the vehicle’s current market value.
IDV is particularly important in situations such as eligible theft or total-loss claims.
A policy with a lower premium may sometimes have a lower IDV, so comparing only the premium can give you an incomplete picture.
Example
Suppose two insurers offer apparently similar comprehensive policies:
- Insurer A: ₹2,500 premium, ₹80,000 IDV
- Insurer B: ₹2,700 premium, ₹95,000 IDV
The second policy isn’t automatically better, but the ₹200 difference in premium should be considered alongside the higher IDV and other coverage terms.
Compare the complete policy, not just the price.
What Is No Claim Bonus in Bike Insurance?
No Claim Bonus (NCB) is a benefit for maintaining a claim-free record.
According to IRDAI, NCB applies to the own-damage portion of the premium and can progressively increase from 20% to a maximum of 50% under the applicable norms.
One important point is that NCB belongs to the insured person, not the bike.
If you sell your bike, the insurance policy can be transferred to the buyer, but your NCB does not automatically transfer with the vehicle. You may be able to use your NCB entitlement on another vehicle, subject to the applicable requirements.
You can also carry eligible NCB benefits when changing insurers at renewal if you provide the required proof.
Which Bike Insurance Add-Ons Are Worth It?
You don’t need every add-on offered by an insurer.
The right ones depend on your bike’s age, value, usage and the risks you want to cover.
Zero Depreciation
This can reduce the impact of depreciation deductions on eligible parts during a covered claim, subject to policy terms.
It can be particularly useful for newer bikes.
Roadside Assistance
This may help with breakdowns, towing and other roadside situations, depending on the policy.
It can be useful for people who frequently travel long distances.
Engine Protection
Engine protection can provide additional cover for specified engine-related losses that may not be covered by a standard policy.
Return to Invoice
For eligible vehicles and claims, this type of cover can provide additional protection based on the invoice value, subject to policy conditions.
NCB Protection
This add-on may protect your NCB benefit under specified conditions.
Don’t buy add-ons simply because they sound useful. Compare their price against the actual benefit for your bike.
How to Choose the Best Bike Insurance Company
Use this checklist before purchasing.
1. Compare at Least Three Quotes
IRDAI specifically recommends shopping around and obtaining multiple comparison quotes. It also advises consumers to compare deductibles, coverage and IDV, not just premiums.
2. Compare the Same Coverage
Don’t compare:
Comprehensive policy vs third-party policy
and conclude that one insurer is cheaper.
Compare equivalent coverage.
3. Check the IDV
Make sure the IDV is reasonable for your bike.
4. Check the Deductible
A lower premium can come with higher out-of-pocket costs when you make a claim.
5. Check Local Cashless Garages
A huge nationwide garage network isn’t particularly useful if there isn’t a convenient network garage near you.
6. Read the Exclusions
Understand what isn’t covered before paying.
7. Check Add-Ons
Choose only those that make sense for your bike.
8. Look at the Claim Process
Understand how claims are reported, what documents are required and how repairs are handled.
Common Bike Insurance Mistakes to Avoid
Choosing Only the Cheapest Policy
The cheapest premium doesn’t necessarily mean the best value.
Ignoring IDV
A lower IDV can affect eligible theft and total-loss payouts.
Buying Too Many Add-Ons
More coverage isn’t automatically better if you don’t need it.
Ignoring the Deductible
Always know how much you may have to pay yourself during a claim.
Not Checking the Garage Network
Check garages in your own city rather than relying only on the insurer’s national number.
Letting Your Policy Expire
IRDAI notes that a break in motor insurance can result in vehicle inspection requirements.
Assuming Claim Ratio Tells the Whole Story
Claim-related statistics can be useful, but they shouldn’t be the only consideration.
Policy terms, exclusions, documentation, deductibles and the circumstances of the claim all matter.
Can You Buy Bike Insurance Online?
Yes. Most major insurers now provide online purchase and renewal options.
The basic process usually involves:
- Entering your bike’s registration details
- Selecting the type of coverage
- Comparing the premium
- Selecting relevant add-ons
- Reviewing the policy
- Completing payment
- Receiving the policy electronically
For example, ICICI Lombard provides online quote generation and policy issuance, while IFFCO Tokio also offers online purchase and renewal.
Before paying, verify that you’re using the insurer’s official website and carefully review the policy document.
What Happens If Bike Insurance Expires?
Try to renew your policy before the expiry date.
IRDAI states that a break in motor insurance can result in vehicle inspection requirements. It also notes that a comprehensive policy lapse of more than 90 days can result in loss of accrued NCB under the applicable rules.
That’s why renewing on time is generally better than waiting until the policy has already expired.
Frequently Asked Questions
Q1. Which is the No. 1 bike insurance company in India?
There is no officially designated No. 1 bike insurance company. The best insurer depends on your bike, location, budget, coverage requirements, service preferences and policy terms.
Q2. Which is the cheapest bike insurance company in India?
There isn’t one insurer that is always the cheapest. Premiums vary based on the bike, location, IDV, policy type, claims history and selected add-ons. Compare equivalent policies from multiple insurers.
Q3. Which bike insurance is best for a new bike?
A new-bike owner may benefit from comprehensive coverage and relevant add-ons such as zero depreciation or return-to-invoice protection, where available. Compare the total policy benefits rather than choosing solely by price.
Q4. Is comprehensive bike insurance better than third-party insurance?
Comprehensive insurance generally provides broader protection because it can cover third-party liability and covered damage to your own bike. Third-party insurance primarily covers covered liabilities toward third parties.
Q5. Is bike insurance mandatory in India?
Yes. Third-party liability insurance is mandatory for vehicles used on public roads in India.
Q6. What is IDV in bike insurance?
IDV means Insured Declared Value. It represents the insured value of the bike for relevant own-damage claims and should reflect its current market value.
Q7. What is NCB in bike insurance?
NCB means No Claim Bonus. It is a benefit for maintaining a claim-free record and applies to the own-damage portion of the premium. Under current norms referenced by IRDAI, it can range from 20% to 50%.
Q8. Can I change my bike insurance company?
Yes. You can compare another insurer when your policy comes up for renewal. Eligible NCB benefits can generally be carried to the new insurer when the required proof is provided.
Q9. Can I transfer bike insurance when selling my bike?
Yes, the policy can generally be transferred to the buyer subject to the insurer’s procedures. However, the seller’s NCB does not automatically transfer to the new owner.
Q10. Does comprehensive bike insurance cover theft?
A comprehensive or appropriate own-damage policy can cover theft, subject to the policy terms, conditions and exclusions. Third-party-only insurance does not provide equivalent protection for theft of your own bike.
Q11. Is roadside assistance worth buying?
It can be useful if you frequently travel long distances or depend heavily on your bike. Compare the add-on’s cost and actual services before purchasing it.
Q12. How many bike insurance companies should I compare?
Comparing at least three insurers is a sensible starting point. IRDAI recommends shopping around and comparing premium, coverage, deductibles and IDV.
Final Verdict
The best bike insurance company in India isn’t necessarily the company with the lowest premium or the highest position on a ranking list.
The right choice depends on your individual requirements.
The 10 companies covered in this guide are:
- HDFC ERGO General Insurance
- ICICI Lombard General Insurance
- Bajaj Allianz General Insurance
- Tata AIG General Insurance
- ACKO General Insurance
- Go Digit General Insurance
- SBI General Insurance
- IndusInd General Insurance
- IFFCO Tokio General Insurance
- New India Assurance
Before buying a policy, compare at least three options with similar coverage and check the premium, IDV, deductible, exclusions, add-ons, NCB and local garage availability.
A few extra minutes of comparison can be much more valuable than simply choosing the first policy that appears cheapest.
Why Maintain Market Is Different
At Maintain Market, we don’t believe financial and insurance decisions should be made by simply copying a “Top 10” list.
Insurance is personal. A policy that works well for someone with a brand-new ₹2 lakh motorcycle may not be the right choice for someone riding a 10-year-old commuter bike.
That’s why we focus on explaining why an option may be suitable, what you should compare and what you should check before spending your money.
Our approach is built around:
- Clear explanations instead of complicated insurance language
- Practical comparisons
- Coverage and cost considerations
- Important policy terms such as IDV, NCB and deductibles
- Official and authoritative sources
- Current information when insurers or policies change
- Real questions people ask before buying insurance
- Helping readers make informed decisions rather than simply pushing one product
For example, older articles may still refer to Reliance General Insurance. The company officially changed its name to IndusInd General Insurance Company Limited in September 2025, while stating that existing policies and service commitments remain unchanged.
Our goal isn’t to tell you what you must buy.
Our goal is to give you the information you need to make a smarter financial decision.
Maintain Market — Clear information. Smarter financial decisions.
Also read: 5 Cheapest Term Life Insurance 2026 – High Claim Ratio & Maximum Coverage