Guide to Getting Two-Wheeler Insurance for Old Motorbike

With the increasing importance of two-wheeler vehicles in our daily lives, having proper insurance for your trusty old motorbike is crucial. It not only provides financial protection in case of accidents, but it’s also mandatory as per the Indian Motor Vehicles Act. However, when insuring an old motorbike, you must consider some nuances and considerations. In this blog, we’ll walk you through obtaining bike insurance online for your old motorbike.

What Is a Comprehensive Bike Insurance Policy?

Before insuring an old motorbike, let’s clarify a few fundamental terms and concepts related to two-wheeler insurance. A comprehensive bike insurance policy is a robust protective shield for your two-wheeler, offering wide-ranging coverage that includes third-party liability and own damage protection. While third-party liability coverage is mandatory in India and covers damages to a third party involved in an accident, a comprehensive policy takes it further.

With comprehensive insurance, you can safeguard your vehicle from many potential risks. It includes coverage for damages from accidents, natural calamities such as floods or earthquakes, theft, fire and even vandalism. It furnishes comprehensive protection, ensuring readiness for various unexpected road events. This policy type brings peace of mind, assuring your bike’s security and financial well-being.

If you aim to secure your valuable asset and drive confidently, opting for a comprehensive bike insurance policy is highly recommended. It offers a holistic safety net, ensuring that you are ready to face any challenges that may come your way on your biking adventures.

Why Opt for a Cashless Insurance Policy?

Opting for a cashless insurance policy, particularly for your bike, is a decision that offers you not only convenience but also peace of mind in the event of an unexpected mishap. Many insurance providers offer this feature, essentially sparing you from the immediate financial stress of covering repair costs upfront in the unfortunate event of an accident that requires bike repairs. Instead, the insurance company steps in to streamline the entire process.

Here’s why you should consider choosing a cashless insurance policy for your motorbike:

  • Seamless Repairs: The primary advantage of a cashless insurance policy is that it ensures seamless repairs at a network garage. You can take your damaged bike directly to one of the authorised garages, and the insurer takes care of the entire payment process.
  • No Financial Stress: Without cashless insurance, you might have to pay for the repairs and await reimbursement. It can be financially challenging, especially if the repair costs are substantial. Cashless insurance ensures you don’t have to drain your savings or manage unexpected financial hurdles.
  • Speedy Recovery: Quick and hassle-free processing means your motorbike will likely return to the road faster. It is crucial if you rely on your bikes for daily commutes or enjoy long rides on weekends.
  • Network Garages: Insurers typically have a network of authorised garages with cashless facilities. These garages are selected based on their reputation for quality repairs, ensuring that your bike is in capable hands.
  • Reduced Paperwork: Cashless insurance policies also simplify the claims process by reducing the paperwork and documentation requirements, which expedites the entire procedure.
  • 24/7 Support: In case of emergencies, many insurance providers offer 24/7 customer support to assist you in the event of an accident or breakdown.

Things to Consider Before Getting Insurance for Old Motorbikes

Now, let’s focus on the specific considerations when insuring an old motorbike.

  • Policy Renewal: If you already have bike insurance for your old motorbike, renew it on time. A lapse in coverage can lead to legal consequences and leave you financially vulnerable in case of an accident. You can easily renew your policy online, ensuring continuous protection.
  • Premium Calculation: Factors such as the bike’s age, make, model and usage influence the premium for an old motorbike. Elevated premiums for older bikes result from their heightened vulnerability to damage. However, you can reduce your premium by installing safety features or anti-theft devices.
  • Insured Declared Value (IDV): The IDV is the maximum sum you can claim in case of a total loss of your bike. The IDV decreases over time for older bikes as the vehicle’s value depreciates. Determining the appropriate IDV for your bike is essential, as it directly impacts your premium and the claim amount you can receive.
  • Add-Ons: Consider adding extra coverage through add-on policies. You might want to invest in add-ons like roadside assistance, zero depreciation cover and engine protection for an old bike. These can provide extra security and peace of mind for your ageing vehicle.
  • No Claim Bonus (NCB): If you haven’t made any claims during your previous policy period, you can accumulate a No Claim Bonus. This bonus can lead to a reduction in your premium during the policy renewal. It’s an excellent incentive to drive safely and maintain your old bike.

Choosing the Right Insurance Provider

Regarding bike insurance, your chosen provider significantly influences your overall experience. To arrive at a well-informed decision, take into account the following factors:

  • Reputation: Research the insurance company’s reputation and customer reviews. A well-established insurer with a good track record is more likely to provide reliable service.
  • Network Garages: Verify whether the insurance company has an extensive network of garages where you can benefit from cashless repair services. This feature is especially useful in emergencies.
  • Claim Settlement Ratio: The claim settlement ratio indicates an insurer’s willingness to settle claims. Choose a company with a high ratio to ensure a smooth claims process.
  • Online Services: Opt for an insurer that offers easy online services, such as policy purchase, renewal and claim registration. A user-friendly online platform can save you time and effort.
  • Customer Support: Customer support is crucial if you have questions or need assistance. Look for an insurance provider with responsive and helpful customer service.


When insuring an old motorbike, following the guidelines outlined in this guide can help you make an informed decision. Understanding terms such as cashless two-wheeler insurance can simplify the process and ensure that your old motorbike remains adequately protected.

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