GENERAL INSURANCE BLOG

Manufacturing date, location, vehicle model, claims history with add-ons, and optional deductibles are a few variables that could impact your bike insurance. However, some other aspects could also influence the cost of insurance.

An essential factor in calculating the insurance premium is the two-wheeler's cubic capacity (cc), also known as its engine capacity. Continue reading to learn how your bike's cubic capacity affects its insurance cost.

What is the cubic capacity of a bike?

The capacity of your bike's engine is measured by its cc i.e., cubic capacity. A bike's engine size is essential since it affects how much power it can produce. A two-wheeler is thought to be stronger if its chamber is larger. Similar to how a four-wheeler vehicle's engine capacity is expressed in litres, a bike's capacity is understood similarly.

Bikes with higher cubic capacity come equipped with large cylinders that can produce extensive power output from the engine. This results in low fuel efficiency as more consumption is observed to drive more engine power output per stroke.

Bikes with higher cubic capacities are expensive. This is because intense mechanical fitness and build are required for the bike to withstand tremendous torque and power. Higher cc bikes have premium quality brake pads, comfortable suspension, and excellent exhaust that can easily overcome the wear and tear that might result from high-speed riding.

What effect does your bike's cubic capacity have on policy premiums?

Your bike's engine power is critical in the premium fixing process. The engine's cubic capacity affects the cost of your motorcycle insurance. A 75 cc bike would be less expensive to insure than a 220 cc bike. Take proper care of your bike's engine to guarantee that it operates smoothly.

Higher cc bikes would cost more to insure because your insurance rate directly correlates to your engine's cubic capacity (cc). When determining the third-party insurance rate, the IRDAI primarily considers the cc of your bike.

A bike's cc majorly determines the on-road cost of the bike. Low-cc bikes are less expensive than high-cc ones. The insurance premium for expensive bikes is more, considering their superior build quality and use of costly parts.

Other elements that affect the insurance premium for bikes with the higher cubic capacity.

Here are the various factors that influence the premium of the higher cubic capacity bikes:

● Geographic location: Compared to Tier II cities or rural areas, the premium is more significant if you stay in a metropolitan metropolis. Compared to non-metro regions, urban areas have a higher risk factor.

● Year of production: The age of the vehicle directly affects the insured amount. The insurance sum will decrease as time goes on since the bike loses value.

● Make and model of the bike: Premiums for high-end/premium bikes are higher; premiums for entry-level bikes are lower.

● Add-ons: In return for a more premium for bikes with higher cubic capacity, add-ons safeguard you against situations that aren't covered by the basic program.

● Installation of security measures: Lowering the danger of theft and the likelihood of damage by installing anti-theft devices or other security measures reduces the insurance price. By installing security devices, you can get a reduction in insurance premiums for bikes with higher cubic capacity.

Every bike driven on the road must be covered by third-party insurance. Therefore, in addition to looking at the bike's qualities before buying one, you should also consider getting bike insurance. Shop around to buy motor insurance online that best suits your needs and expectations. You can reduce the cost of two-wheeler insurance while maintaining adequate coverage if you heed the above suggestions.

Click HERE to buy motor insurance online.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

The ever-increasing number of vehicles on Indian roads is constantly posing a risk to the safety of drivers, riders, and pedestrians. While purchasing the best two wheeler insurance in India is a mandatory requirement, several advanced technologies have also evolved to make motorcycle rides safer. These technologies are helping to reduce the number of accidents and enhancing road safety.

Let us have a look at them in detail.

1. Anti-lock braking system:
An anti-lock braking system or ABS is a technology that prevents a motorcycle’s wheels from locking when sudden brakes are applied. Hurried braking is usually used when an object or a vehicle appears suddenly in front of the bike. This may cause our motorcycle to skid and cause serious bodily injuries and even damage to the bike.
ABS makes use of speed sensors that are fitted on both wheels. It senses that a wheel lockup is about to occur and instantly reduces brake pressure. This prevents the motorcycle from skidding, preventing an accident.

2. Wearable airbags:
We have always known that cars come equipped with airbags that open up instantly at the time of a car crash. They minimise the impact of accidents and help to save lives. Most of us do not know that wearable airbags for bikes are now being made with the help of modern technology that performs a similar function as cars’ airbags at the time of a crash. Wearable airbags are put into a vest and can be worn with a compatible jacket. The airbag inflates during a collision and then deflates automatically. It cushions the rider and the pillion rider, minimising the crash's impact. These airbags can be a lifesaver and protect the upper half of the body. Also, these airbags are universal in nature and can be used with any motorcycle make and model.

3. Motorcycle alert systems:
Modern technology has enabled the incorporation of radar sensors that can scan our surroundings and identify potential dangers, even in motorcycles. These sensors can help us map the vehicles around us and alert us of any possible collision. They can also warn us of approaching vehicles or if a vehicle gets too close to us.
Motorcycles nowadays also come with sensors that alert us if our kickstand or side stand is open by flashing a light on the display panel. This helps avert a possible crash due to the open kickstand while riding.

4. Advanced lighting:
Motorcycles now have advanced LED lighting systems that produce optimal beams for enhanced street visibility. This minimises the chances of an accident due to poor visibility on the streets at night or during heavy fog conditions. Also, motorcycles have hi-technology illumination systems that enhance their visibility in poor light conditions.

5. Modern helmets:
Helmets are being made with advanced technology, making them lighter and sturdier. Modern-day helmets make our rides safer and protect our heads better than older models of helmets at the time of a crash.
Helmets nowadays also come equipped with hi-tech Bluetooth headsets and good-quality cameras. They help bikers stay connected during a ride, especially in difficult and risky terrains. The cameras are capable of capturing minute details during a ride. Riders can go through the recordings after finishing their ride and make a note of the possible improvements.

Modern technology is a blessing in reducing the number of road accidents. These innovations might cost us money, but they are worth every penny spent on them as they reward us with a safe journey. Two wheeler insurance also makes our motorcycle rides safer by protecting us financially in case of a crash. Choose the best two wheeler insurance in India to ensure complete motorcycle coverage and hassle-free claim settlement in times of need.

Click HERE to buy the best two wheeler insurance in India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

As two-wheelers turn old, their performance and the quality of their internal parts start to deteriorate. Significantly, the engine gets severely affected, which leads to more fuel consumption and harmful emissions. Such two-wheelers are then considered not fit to ride.

If you own an old two-wheeler and wish to ride it on Indian roads legally, then you need to have a fitness certificate for it. The Government of India has made the renewal of fitness certificates convenient by introducing the 'Parivahan Sewa portal' that operates entirely online.

Applying online is a hassle-free process as you only need to fill out a form and submit all the required documents to your local Regional Transport Office (RTO) for verification.

In today's post, we will take you through the step-by-step process of renewing your two-wheeler's fitness certificate online:

1. Go to the official VAHAN website. Begin the renewal process by going to 'Online Services' and selecting 'Vehicle Related Services.'

2. After that, choose your state. Next, click on 'Application for Fitness Certificate' and enter your bike's registration number and chassis number.

3. Following that, generate an OTP using your registered phone number. Enter the one-time password (OTP) that you received on your phone to proceed with the process.

4. Go to the 'Payment' option and complete the transaction to start the renewal fee transfer.

5. After completing these procedures, take the appropriate documentation to your local RTO to complete the two-wheeler fitness renewal process. Officials at the RTO will perform a fitness test on your bike and verify your documents to complete the process.

Steps to renew fitness certificate of two-wheeler offline.

Here is how you can acquire a fitness certificate for your bike offline:

1. Visit the local RTO

2. Fill out an application for a fitness certificate renewal

3. After that, attach the required documents to the application

4. To finish the procedure, pay the RTO the renewal fee for your bike fitness certificate

The officers will review your submitted documents and schedule an appointment for your bike's inspection. You must arrive at the designated centre on time. Here, your two-wheeler will be thoroughly investigated, and if it qualifies the desired parameters, you will be issued the fitness certificate for your bike.

Note: Although the renewal process is the same for both two and four-wheelers, the fee differs for both types of vehicles.

Complete list of documents you will require:

• Tax token

• Registration certificate

• Vehicle permit

• Pollution Under Control Certificate or PUCC

• Valid two-wheeler insurance policy papers

• Passport size photo

According to the Motor Vehicles Act of 1989, a vehicle's registration is only acceptable if a valid Vehicle Fitness Certificate accompanies it. Commercial and private automobiles are required by law to have a fitness certificate. Failing to submit a fitness certificate carries a punishment of Rs. 100. For consecutive violations, the fine is increased to Rs. 300. If you don't have a valid fitness certificate, you'll be fined between Rs. 2,000 to 5,000.

The law also mandates two wheeler insurance India. Failing to have both these documents can lead to hefty fines. Save yourself from the trouble and get the fitness certificate and insurance today. You can only enjoy riding your two-wheeler if you keep the required documents up-to-date and avoid landing yourself in any unwanted trouble.

Click HERE to buy the best two wheeler insurance India.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.

While electric vehicles are capturing the vehicle market, petrol and diesel-based cars still need to be put in trend. Maximum Indian citizens today own fuel-based vehicles, be it two-wheeler or a four-wheeler. But these fuel-based cars also have a history of superseding one another. Petrol cars have always been the favoured alternative amongst fuel-based vehicles.

Initially, diesel usage focused on heavy vehicles operated for commercial purposes like duty trucks, etc. But with the advancement of technology today, diesel vehicles have become widely popular and opted for daily use vehicles like passenger cars.

But do you know that your motor insurance premium changes for the type of car you use? Fuel may be the reason. Want to know how? Without any further delay, let’s get started.

1. How much is your car’s price:
Diesel-powered and petrol-powered cars are priced differently in the Indian market. Usually, the price of vehicles that have diesel-powered engines is high when compared to their petrol-powered counterparts. A higher price directly reflects on the motor insurance and premium prices.
Therefore, the more expensive a car you have, the higher the motor insurance premium you have to pay. So, figure out the maintenance and premium charges you will have to pay in the future and create a budget in advance so that you do not get surprises of additional premiums like motor insurance.

2. Repair influences the premium charges:
Yes! Even the cost of repair influences the motor insurance premium prices. The repair charges for diesel-based vehicles are much higher than those for petrol-based cars. Therefore, the company charges high premiums for your motor insurance to help cover the claims if you make any in the future. Similarly, if your car has expensive spare parts or is priced in the high-end range, the companies will charge you high motor insurance premiums.
This proves that fuel has a massive impact on premium charges. Having this information before you make any purchase will help you put things into perspective, especially budget-wise. Many factors should be considered when someone decides to purchase a car, one of which is the motor insurance, its premium charges, claims, add-ons, and other features which vary from one insurance provider to another.

3. Is your car fuel efficient:
Fuel efficiency is another influencing factor that determines higher motor insurance premiums. While petrol-powered cars have great starting and ignition power, diesel-based cars are beneficial for vehicles purchased to last longer.

4. Let’s have a look at the engine:
The engine capacity of your petrol-powered car is lesser than that of diesel-based cars, thus raising the motor insurance premium prices for diesel-powered vehicles. The better the engine capacity, the higher the premium. Who knew that fuel could be such a powerful influencing factor in the premium prices of motor insurance?

5. Cannot miss IDV (Insurance Declared Value):
If the market value estimation is high, the IDV will be increased, directly impacting the premium. Usually, the IDV of diesel-based cars is high, which leads to a rise in premium prices.

We hope this blog gives you a crisp and clear idea about your motor insurance premium charges. This will help you arrive at a decision or educate you about motor insurance and what factors impact the premiums which will come out of your pocket. And there is no doubt about how crucial it is to purchase motor insurance to protect your car and yourself against the financial burden.

Click HERE to learn more about motor insurance.

Disclaimer: The information provided above is for illustrative purposes only. To get more details, please refer to policy wordings and prospectus before purchasing a policy.