Do you want to insure your bike cheaply? Check out the best Bike Insurance plans under ₹1000, which are top in coverage and claim settlement!
Hey friends, nowadays everyone likes to ride a bike, but along with safety, insurance is also important. Two-wheeler insurance is mandatory in India, and if you are looking for a solid plan while staying within budget, then there are many good options available for less than ₹1000.
These plans cover third-party liability, and in some, own damage can also be added. Today we will talk about the best bike insurance plans that are affordable in 2025, their features, price and how to choose. Let’s get started!
Best Bike Insurance Plans Under ₹1000 in India
Here I have listed plans from some of the top insurance companies that are available for less than ₹1000. These prices are for basic third-party plans, calculated for a standard 100cc bike. Actual premium depends on your bike model, location and add-ons. Here’s a quick table with short specs:
| Insurance Company | Key Features |
|---|---|
| HDFC ERGO | Starting ₹538, 99.8% claim settlement ratio, 2000+ cashless garages, NCB up to 50%. |
| Bajaj Allianz | Starting ₹538, 98% claim settlement, 24/7 support, hassle-free renewal, zero depreciation add-on. |
| ACKO General | Starting ₹457, Fast online purchase, high claim ratio, no paperwork. |
| Reliance General | Starting ₹228 (monthly), Comprehensive options, quick claims, wide network. |
| GoDigit | Starting ₹547/year, Customizable plans, high customer satisfaction, easy app-based claims. |
These plans are mostly third-party, which is mandatory, but you can also include own damage by adding comprehensive cover. Now let’s see some best options in detail.
First of all, HDFC ERGO plan. This company’s two-wheeler insurance starting price begins from ₹538, which is perfect for a 100cc bike. In this, you get 99.8% claim settlement ratio, which means that the claims get settled quickly. There are more than 2000 cashless garages, so you don’t have to pay money at the time of repair. If you maintain NCB (No Claim Bonus), you can get up to 50% discount.
Then Bajaj Allianz, which also starts from ₹538. This plan comes with 98% claim settlement and offers 24/7 customer support. There are features like hassle-free renewal and zero depreciation add-on, which means the claim amount will not reduce due to depreciation. This plan is good for those who want long-term coverage.
ACKO General Insurance is a digital player whose plans start from ₹457. It is super affordable and can be purchased online with no paperwork. It is known for high claim settlement ratio and fast processing. If you like app-based insurance, then this is the best.
Reliance General plans start at ₹19 per month and work out to around ₹228 per year. It offers comprehensive options, including third-party and own damage. Good for quick claims and a wide network.
Lastly, GoDigit starts at ₹547/year. It offers customisable plans, meaning you can choose add-ons as per your needs. Popular for easy app-based claims and good customer reviews.
How to Choose the Best Plan?
Keep a few points in mind while choosing bike insurance. First check the CC of your bike, because the premium depends on it. Third-party plan is mandatory, but comprehensive covers theft, accident and natural disasters.
Choose a company with a claim settlement ratio above 90%. Get multiple quotes from online compare tools like PolicyBazaar or InsuranceDekho. And maintain NCB so that you get a discount on the next renewal.
FAQs
What is covered in bike insurance under ₹1000?
Mostly third-party liability, like damage caused to someone else in an accident. By adding comprehensive, own damage is also covered.
Which company’s plan is the cheapest?
Plans like ACKO and Reliance start from ₹457, but the actual price depends on the bike model.
Is it safe to buy online bike insurance?
Yes, buy from IRDAI approved sites like HDFC ERGO or Bajaj Allianz, no paperwork and instant policy.
What is NCB and how does it benefit?
No Claim Bonus, if you don’t make a claim then you get up to 50% discount on next renewal.
What is the best time to renew bike insurance?
15-30 days before expiry, so that continuity is maintained and NCB is not lost.
