About Two Wheeler Insurance in Bangalore
Fifty lakh and counting. With a two wheeler population as big as that, Bengaluru now boasts of having second largest two wheeler population in the country. As per Karnataka state transport department records, two wheelers account for 69 per cent of Bengaluru's vehicle population (72.3 lakh). This is apart from the two wheelers registered outside Bengaluru or entering the city from outside.
Other than the inefficient and unreliable public transport system, there are other reasons too behind the growing bike density in Bengaluru. These include congested roads, cheaper travel, fuel efficiency, ease of parking etc.
Being the most favoured mode of commute in the city, accidents involving two wheelers too have registered a rise. No wonder, the city also has one of the best two wheeler insurance policy providers in the form of Liberty General Insurance.
You can also find a list of Liberty General Insurance-partnered garages at our garage locator
Why choose Liberty General Insurance for two wheeler insurance in Bangalore?
91% claim settlement ratio (2018-19)
97+ offices all over India
4,300+ partner garages in India
LGI ensures that
your bike is inspected with ease
Enjoy Hassle-free settlement with
Liberty General Insurance
Ease of Endorsement
LGI policy with ease
Additional Protection Cover
Check our list of add-on policies
that will protect your bike
Daily Customer Service
Call us from 8 am to 8 pm,
7 days a week
Find the nearest garage through
our garage locator
Types of two wheeler insurance in Bangalore available
Third Party Insurance
Having a third-party insurance is mandatory as per the Motor Vehicle Act of 1988. Driving your two wheeler in Bangalore, and other parts of the country without third-party insurance is punishable by law.
A comprehensive insurance policy includes a mandatory third-party policy, as well as an own damage to two wheeler and an add-on cove.
Own damage to two wheeler
Own damage to two wheeler: This policy will ensure that your bike will stay covered against damage that it may face in case of an accident of theft. In case of an accident, you will be compensated for the damage.
You bike will be compensated for the following reasons
What does your own damage two wheeler insurance policy cover?
- by fire explosion self-ignition or lightning
- by burglary housebreaking or theft
- by riot and strike
- by earthquake (fire and shock damage)
- by flood typhoon hurricane storm tempest inundation cyclone hailstorm frost
- by accidental external means
- by malicious act
- by terrorist activity
- whilst in transit by road rail inland-waterway lift elevator or air
- by landslide rockslide
What own-damage insurance does not cover?
- Damage to third-party vehicle
- Damage to third-party property
- Injuries to other people in an accident
- Normal wear and tear
- Mechanical or electrical breakdown
- In case you use your private bike commercially
- Driving under the influence of alcohol or drugs
- Driving without a licence
- Consequential loss.
Liberty General Insurance gives you the option to choose various add-on covers. These include
- Depreciation cover
- Passenger assist
- Consumable cover
- Engine safe cover
- Key loss cover
- Roadside assistance cover
Is two wheeler insurance mandatory?
Across India, third-party two wheeler insurance policy is a statutory requirement as per the Motor Vehicles Act, 1988. Even riding a bike without a third-party motor cover is an offence punishable by law.
How do I renew my two wheeler insurance policy for a motorbike?
If you are the owner of a new bike or want to port your insurance policy from another company to LGI online, you can do so in the following way. New customers or those porting their policy can visit here, while those renewing their policy can visit here.
A soft copy of the policy will be sent to your email address, while the policy document will be mailed to your registered home or office address. We encourage you to buy and renew your policy online, as it is also a green initiative.
Should I buy third-party or comprehensive two wheeler insurance?
Third-party two wheeler insurance is mandatory according to the Motor Vehicle Act of 1988. However, it is advisable to buy a comprehensive bike insurance, as third-party insurance only covers third-party liability, and any damage to your bike will not be covered. You can choose one of several Liberty General two wheeler insurance policies that cater to your requirements to ensure that you don’t feel the pinch in case your vehicle is damaged. We also strongly recommend that you look at the add-on covers that we offer. These include Depreciation Cover, Engine Safe Cover, Passenger Assist Cover, Gap Value, Key Loss Cover, Roadside Assistance Cover, and Consumable Cover.
Is there a depreciation cover with LGI?
LGI's depreciation insurance coverage does not deduct for depreciation, thus providing you with a complete cover. This bumper to bumper bike insurance cover means that if your vehicle gets damaged in an accident, no depreciation is subtracted from the coverage for depreciation and the insurance firm will pay out the entire cost of the body part for replacement. This stays standard regardless of whether the bike insurance is in Chennai, Bengaluru, Mumbai, Delhi or anywhere else.
To visit our office in Bengaluru, click here.
Registration Number: 150 | ARN:Advt/2018/March/26 | CIN: U66000MH2010PLC209656
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Reg Office: 10th floor, Tower A, Peninsula Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013
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