Honda Two-wheeler Insurance

So you own a Honda bike? Hats off just to that!

Planning to renew the insurance of your good old Honda Activa scooter or looking for the best two-wheeler insurance for your brand new Honda Goldwing bike – you’ve landed just the right place.

Let’s dive into the two-wheeler insurance basics for your Honda bike.

Understanding Honda Insurance

Must-know Coverage for Your Honda Bike

You can get following kinds of insurance policies for your Honda Bike:

Third-Party Bike InsuranceComprehensive Bike Insurance
Only covers third-party injuries and damages, and not to your own vehicle.Gives third-party policy + coverage for losses and damages to your own bike
Mandatory by Indian Motors Act.It’s not mandatory to buy coverage for your own bike’s damages, but then we all know the state of Indian roads. And, who doesn’t love their Honda bike?
Multi-year insurance availableMulti-year insurance available

Why You Should Insure Your Honda Bike?

Honda bikes are great on Indian roads, which is why there are so many of them. But with a two-wheeler insurance, you can:

  • Be sure that you’re rightfully compensated if your Honda bike was stolen or damaged beyond repairs.
  • Get coverage for a third-party if your bike caused an accident and the third-party was injured or their property damaged.
  • Get comprehensive coverage for your own two-wheeler, in case damages were caused to your vehicle.
  • Be sure that no traffic policeman heavily fines you for not having an insurance policy for your bike. Strictly, say no to bribery!

 Good-to-Have Insurance Add-ons for Honda Bikes

  • Zero Depreciation Cover:

Irrespective of the model of Honda bike you have, depreciation is applicable on all kinds of metal, plastic, and fiber glass parts. In case of repairs / replacement claims, you would have to pay for the depreciation cost. However, with zero depreciation add-on, you can get that covered.

  • Return to Invoice Cover:

So that if your bike was stolen or completely damaged, the claim settlement amount from the insurance company is not as little as the current market value of your bike. Instead, it is as much as the invoice value of your bike. This is even when in case your bike was two years old, with a 20 percent lower current market value.

A lot of insurance companies offer specific add-on coverage at an addition premium cost. Depending on the model of Honda bike you have, do enquire with your insurer about these coverage options. Key replacement, roadside assistance, personal accident cover of passengers could be a few such options.

Things a Two-wheeler Insurance Covers For Any Honda Bike

  • Personal accident coverage for owner-driver
  • Accident-related damages to your bike
  • Damages caused during a natural calamity like flood or storm
  • Loss because of fire, explosions
  • Compensation for Stolen Bike

Things a Two-wheeler Insurance Does Not Cover For Any Honda Bike

  • Wear and tear caused over the years [including flat tyres]
  • Losses caused when the bike was driven without a driving license
  • Damages caused when the bike was being driven under the influence of alcohol
  • Driving outside the geographical limits
  • If the bike is used for anything beyond it’s legal purpose [racing, illegal activities, organized crime]

Questions you might ask about Honda Insurance

How can I renew my Honda Insurance online?

Your Honda Insurance Policy can be renewed online very seamlessly through your insurer’s online portal or your broker’s portal.

  1. If you have already selected an insurance company you can go to the insurer’s portal and renew it online by filling in the details.
  2. All you need to fill are your bike details (like Vehicle Registration Number, Engine/Chasis Number), your previous insurance details and your contact details. Once done, you can then renew the policy online by paying via netbanking, wallet or credit/debit card.
  3. Also, it is not necessary to continue your insurance policy with the same insurance company as the previous year. You can easily purchase insurance policy from a different insurer, as long as you are aware of the benefits and features being offered.

The two wheeler insurance of my Honda CBR150R Sports bike has already expired. Is vehicle inspection mandatory?

No. Inspection is not mandatory even if the insurance for your bike has already expired. It is sometimes done at the discretion of the insurer but only if the insurance has lapsed for more than 6 months or so.

Is an online insurance policy valid for two-wheelers?

Of course it is valid. You get a valid bike insurance policy by renewing the policy online. All you need to do is fill in your previous policy bike details and get a valid insurance policy emailed to your registered email id. A printout of that would suffice.

Single-year or Mutli-year: what’s better in case of Honda insurance?

Multi-year is always better as you get a better rate and your insurance policy is valid for 2 to 3 years. Thus, there is no renewal headache every year. Also, since you pay upfront, there is a huge discount on the premium.

How do I get no-claim bonus at the time of renewal?

If you have not claimed in the preceding year, then you can avail a No-Claim Bonus at the time of your next renewal. Keep one thing in mind: your bike insurance renewal has to happen before the previous policy expires. At the time of renewal of your Two-Wheeler Insurance Policy, you need to mention your last NCB and whether you have made any claim in the last year or not. You get discount on the own-damage premium as per the NCB grid provided by IRDA.

All vehicle Type NCB Grid% of discount on own damage premium
No Claim in the last 1 year20%
No Claim in the last 2 consecutive years25%
No Claim in the last 3 consecutive years35%
No Claim in the last 4 consecutive years45%
No Claim in the last 5 consecutive years50%

How much more do I need to pay for comprehensive two-wheeler insurance?

The premium for a simple third party only insurance is fixed by the IRDAI. A comprehensive insurance policy includes own-damage premium too. The own-damage premium varies slightly from one insurance company to another and is dependent on a lot of factors, including your claims history and the age of your bike. The overall premium for comprehensive insurance is marginally higher, but highly recommended if you are looking for complete coverage for your Honda bike.

Models Manufactured by Honda: Which One Do You Ride?

Brand NameVariantsEngine CCMileage(kmpl)BHPWt. (kgs)Price Range(in Rs)
Honda Activa 4GStandard109.260810850,200 to 53,312
Honda Activa 4G4G11060810850,300 to 53,419
Honda NaviOff-Road109.19607.810139,600 to 42,055
Honda NaviStandard109.19607.810139,700 to 42,161
Honda NaviChrome109.19607.810144,700 to 47,471
Honda NaviAdventure109.19607.810148,200 to 51,188
Honda ShineDrum Self and Alloy124.76510.5711856,000 to 59,472
Honda ShineDisc Self and Alloy124.76510.5711858,300 to 61,915
Honda ShineCBS124.76510.5712361,200 to 64,994
Honda DioDLX109.260810548,600 to 51,613
Honda CB UnicornStandard5626213.1414669,400 to 73,703
Honda LivoDrum Self and Alloy109.19748.211153,700 to 57,029
Honda LivoDisc Self and Alloy109.19748.211156,200 to 59,684
Honda Activa 125Drum Self and Cast124.9608.611059,600 to 63,295
Honda Activa 125Alloy Drum124.9608.611058,900 to 62,552
Honda Activa 125Disc Self and Cast124.9608.611061,300 to 65,101
Honda CBR 1000RRRepsol99918175.621115,46,000 to 16,41,852
Honda CBR 1000RRWhite99918175.621115,46,000 to 16,41,852
Honda CBR 1000RRBlack99918175.621115,96,000 to 16,94,952
Honda CBR 1000RRCBR1000RR99918104.521015,96,000 to 16,94,952
Honda CBR 1000RRFireblade Special Edition99918104.521018,00,000 to 19,11,600
Honda Activa iStandard109.1966810346,900 to 49,808
Honda CB Shine SPDrum Self and Alloy124.736510.5711860,900 to 64,676
Honda CB Shine SPDisc Self and Alloy124.736510.5711863,400 to 67,331
Honda CB Shine SPCBS124.736510.5711865,400 to 69,455
Honda AviatorStandard109.1960810956,400 to 59,897
Honda CBR 250 RStandard249.62926.151631,61,000 to 1,70,982
Honda CBR 150 RStandard149.43818.281381,22,000 to 1,29,564
Honda CB Unicorn 160BS-IV162.716214.514073,500 to 78,057
Honda Dream YugaDrum Self and Alloy109.19728.2510851,700 to 54,905
Honda Hornet 160 RCBS162.716015.614285,100 to 90,376
Honda Dream NeoDrum Self and Alloy109.19748.2510749,800 to 52,888
Honda CBR 650 FStandard648.72185.22157,30,000 to 7,75,260
Honda CD 110 DreamKick Drum and Alloy109.19748.2510544,700 to 47,471
Honda CD 110 DreamSelf Drum and Alloy109.19748.2510546,900 to 49,808
Honda CB 1000RStandard99817123.322211,82,000 to 12,55,284
Honda CB 1000RABS99817123.322213,27,000 to 14,09,274
Honda VTStandard13122056.930814,00,000 to 14,86,800
Honda GoldwingAudio Comfort183218.42116.641328,50,000 to 30,26,700
Honda GoldwingAirbag183218.42116.641331,50,000 to 33,45,300