Honda Two-Wheeler Insurance

Features and Benefits of Honda Bike Insurance

1. Network of Garages with Cashless Settlement Facility – For your Honda two wheeler, you can avail the facility of cashless settlement at any garage that are a part of your insurance provider’s network. Bajaj Allianz and HDFC Ergo have a well distributed network of garages located across the country where you can avail the cashless settlement facility. Cashless settlement essentially saves you from paying from your own pocket, the expenses or costs incurred towards the repair of your vehicle following a mishap. The payment will be made by your insurance provider.

1. Road Side Assistance – The unexpected can happen anywhere, leaving you stranded with no help. This is when Roadside Assistance can be your savior. Road side Assistance is designed to provide you any assistance that you may need, like a fuel refill, spare key service, relaying important messages to your family or friends, mechanical assistance, locating a network garage for vehicle repair, etc.
2. Third Party Liability Coverage – As per the motor Vehicles Act of 1988, the minimum insurance requirement for any vehicle is to be covered by a Third Party Liability Insurance cover. Third party liability insurance is designed to protect you from any legal liability which may arise if the insured vehicle has caused any damage to any third party individual, resulting in their permanent disablement or death, or damage to any third party property.
3. Personal Accident Cover– Another important part of a is Personal Accident Cover. While it may be a standard part of some policies, in some other policies it is a feature which can be availed at the payment of a nominal premium. Under Personal Accident cover, in case of the permanent disablement or death of the owner of the insured vehicle, the insurance company shall provide a compensation of a pre-fixed amount to the immediate family of the deceased. Personal Accident Cover for each policy is subject to terms and conditions.
4. Engine Protection Coverage – The engine of any vehicle is its heart. Though Honda vehicles are built to last, any major damage caused to the engine of the vehicle can affect the vehicle’s performance and also compromise your safety. Engine Protection Cover is a standard part of most two wheeler insurance policies which offer protection toward any damage which may be caused to the engine, as per pre-specified policy wordings.

Inclusions of Honda Two-Wheeler Insurance 

Owning a two-wheeler in India requires at least third-party insurance, but this coverage offers more than just legal compliance—it provides protection in case of road mishaps. 

While third-party insurance is mandatory to ensure the safety of others, it's advisable to opt for a comprehensive insurance policy for your Honda bike or scooter. Here's a breakdown of what is covered under the two types of insurance: 

1. Third-Party Liability Two-Wheeler Insurance: This policy is compulsory under the Motor Vehicle Act and covers any legal liabilities from accidents involving your vehicle. It provides compensation for injuries or death caused to a third party and damage to third-party property, with a limit of up to INR 7.5 lakhs. However, it does not cover damage to your own bike or scooter. 

1. Comprehensive Two-Wheeler Insurance: This policy provides broader coverage, including third-party liabilities, as well as protection against any loss or damage to your vehicle. It also covers co-passengers. The policy offers financial protection in case of: 

1. Accidents (external damage only) 

1. Fire, lightning, explosion, or self-ignition 

1. Theft or housebreaking 

1. Natural calamities like earthquakes and landslides 

1. Terrorist activities 

1. Strikes and riots 

Additionally, Honda two-wheeler insurance covers damages sustained while transporting your vehicle via road, air, rail, or waterways. 

Exclusions of Honda Two-Wheeler Insurance 

Insurance claims will not be accepted under the following circumstances: 

1. Consequential damage or loss 

1. Normal wear and tear of the vehicle 

1. Mechanical or electrical failures 

1. Damage to the bike’s tyres unless accompanied by damage to other parts of the bike. In such cases, 50% of the tyre replacement cost may be covered. 

1. Driving under the influence of drugs or alcohol 

1. Damages caused by nuclear radiation or weapons 

Exclusions of Honda Two-Wheeler Insurance 

When buying two-wheeler insurance, it's essential to compare the different policies available. You can start by looking at the differences between a liability-only policy and a comprehensive package policy. A liability-only policy covers third-party damages caused by your bike or scooter, whereas a comprehensive policy provides coverage for both third-party damages and your own vehicle. 

While comparing, evaluate the policy features, coverage, and premium costs. The premium can vary based on factors like the make and model of your vehicle, the city where it's registered, age of the vehicle, coverage level, and the Insured Declared Value (IDV). 

Here’s a step-by-step guide to buying Honda two-wheeler insurance online: 

Step 1 - Visit a trusted insurance comparison website, such as Policybazaar, or go directly to the insurer's website. 

Step 2 - Enter the required details such as the bike’s registration date, make, model, city of registration, RTO code, and your contact details. 

Step 3 - A survey may be conducted to assess any existing damage. 

Step 4 - Get premium estimates from the insurer's portal. 

Step 5 - Once you've chosen a plan, you can receive your policy documents via post or directly online. 

How to Renew Honda Two-Wheeler Insurance Online 

If you already have Honda bike insurance, it can be easily renewed online: 

1. Go to the insurer’s website or a comparison portal like Policybazaar. 

1. Enter your current policy number and any displayed security code. 

1. Click on "Renew Policy" to proceed to the payment page. 

1. After making the payment, you can print a receipt for your records. 

Claim Process for Honda Two-Wheeler Insurance 

Honda provides a quick, transparent, and efficient claim process. To file a claim: 

1. Provide your Honda two-wheeler insurance policy number. 

1. Give the contact details of the policyholder. 

1. Mention the time and date of the incident. 

1. Submit the name of the driver and their driving license details. 

1. Specify a location for the survey of the damaged vehicle. 

1. Describe the nature of the accident or the estimated loss. 

Once your claim is filed, a representative will be assigned to handle it. You’ll receive a claim reference number for follow-up. After the vehicle is surveyed, the approval status will be communicated to you via your registered phone number. 

Documents Required for Honda Two-Wheeler Insurance Claims 

When making a claim, the following documents are typically required: 

1. Duly filled Claim Form 

1. Motor insurance policy document with schedule and any endorsements 

1. Copy of Driving License 

1. Registration Certificate 

1. Police FIR (if applicable) 

1. Copy of the plan and premium payment receipt 

1. Fitness certificate (for commercial vehicles) 

Having two-wheeler insurance offers vital protection against unforeseen events while on the road. While a third-party policy is legally required, opting for a comprehensive plan can give you greater peace of mind. 

How to Ensure You Get The Best Insurance For Your Honda Two-Wheeler?

Two wheeler insurance, like any other type of insurance, is dependent on a number of factors. The coverage that you require for your Honda scooter or motor bike will depend on various factors like the model of the vehicle, it’s price, the city it has been registered in, the class of the vehicle, your own driving record, etc., among various other factors. The amount of coverage you need for your Honda bike or scooter depends on the class, model and the price of the vehicle. Also, the external aspects of the vehicle like the engine capacity, body parts, usage purpose are also some factors which determine the type of insurance cover you need. As a consequence, these factors combined will affect the premium you will be charged, the Insured Declared Value of the vehicle, the voluntary Deductible amount and the coverage provided. The amount of premium may go up or down depending on the above mentioned factors.

Before purchasing a two wheeler insurance policy for your Honda vehicle, it is necessary to do some research to ensure that you get the best deal on the policy. It helps to be informed about the market to make an informed decision. Before you set out to do your research, evaluate the amount of coverage you require for your vehicle and then proceed to carry out your own research about the various companies which provide two wheeler insurance. Compare the coverage that different providers are offering and at what premiums. Also look for any add-ons that you think will be beneficial for you. Also, while you are at it, do enquire about any discounts that you may get on your premium. Often insurance providers provide discounts to individuals who may be members of an automobile association or have installed an approved anti-theft device or alarm in their vehicle.

Insurance Companies Offering Two Wheeler Insurance For Honda Two Wheelers

Currently, HDFC Ergo and Bajaj Allianz, two of India’s leading insurance providers offer two wheeler insurance for Honda scooters and motor bikes.

Different Models of Honda Two Wheelers Are

1. Scooters - Honda Activa, Honda Aviator & Honda Dio
2. Sport Bikes / Super Bikes -, Honda VFR, Honda CBF Stunner, Honda Goldwing, Honda CBR & Honda VT.
3. General Purpose Bikes - Honda Stunner, Honda Dream, Honda CB Unicorn, Honda Shine, Honda CB Twister & Honda CB Trigger