Insurance for Bikes: Comparing Comprehensive and Third-Party Insurance

Two-wheeler vehicles are a primary mode of transportation for a large portion of the Indian population. Although bikes enable faster mobility and better traffic handling, they are more prone to accidents than four-wheeled vehicles. As a result, it is critical that you cover your bike so that you can receive full compensation from your insurer in the event of an unfavorable event. Furthermore, buying insurance for your bike will help you stay on the right side of the law.

The Indian Motor Law requires you to have at least third-party insurance coverage for your vehicle, or you will face penalties. An insurance policy is an important alternative that protects you from financial risks such as natural disasters, accidents, and theft. However, consumers are frequently perplexed as to which sort of insurance is appropriate for their bikes. There are primarily two forms of insurance, and this article will discuss the major characteristics of both insurance policies so that you can make an informed selection for yourself. Let us get started!

What is Comprehensive Bike Insurance?

A comprehensive two-wheeler insurance policy protects the insured against third-party liabilities, such as third-party property or third-party people, as well as damage to the vehicle.

What is Third Party Bike Insurance?

3rd party bike insurance covers your financial liability for damages caused by your insured two-wheeler to another person, vehicle, or property. As it might be a significant financial burden to fund all of these expenditures out of your own pocket.

The Difference Between Third-Party and Comprehensive Bike Insurance

Third Party Bike Insurance Comprehensive Bike Insurance
Coverage offered It covers losses or damage incurred by a collision to a person, their property, or another vehicle. It covers financial and legal liabilities resulting from third-party damages, as well as any loss or damage to your two-wheeler caused by sabotage, accidents, fire, theft, vandalism, malicious acts, terrorism, and civil disturbances such as riots, natural calamities such as earthquakes, floods, and so on.
  1. Damage to one’s own car
  2. Personal accident insurance
  3. Damage resulting from cycling without a legal licence
  4. Driving while high on drugs or alcohol
  5. When the policy is not active.
  1. Normal wear and tear damage.
  2. Mechanical or electrical breakdown
  3. Personal accident insurance
  4. Damage resulting from cycling without a legal licence Driving while high on drugs or alcohol
  5. When the policy is not active.
Costs A policy for third-party bike insurance is less expensive. The IRDAI, the insurance regulator, sets the price for third-party bike insurance coverage. A comprehensive insurance policy’s premium is divided into two parts: the third-party premium (set by IRDAI) and the own-damage premium. Given the increased coverage, the premium is more than for third-party insurance.
Add-On Covers Available Personal Accident Cover Return of invoice Zero depreciation Cover for accessories. Pillion Rider Accident Coverage, Roadside Assistance, and more.
Which is better? Limited coverage is offered. Extensive coverage offered better protection.



The availability of different two-wheeler insurance policies allows you to take advantage of them to the maximum. After reading this article, you will realize the difference between comprehensive and third-party two-wheeler insurance. The differences outlined above can help you compare and select the best two-wheeler insurance plan for your budget and needs, and then use it effectively.

Author Bio: Smriti Gala works as a Digital Marketing Manager with Coverfox. As her life turned upside down when COVID severely afflicted her family members, Smriti decided to dedicate her expertise towards informing and educating the masses about the importance of health insurance. When she is not actively writing enlightening content, our ‘monk marketer’ likes to meditate, meet new people and explore less travelled territories.