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When is the Best Time to Renew your Bike Insurance?

Team AckoJan 17, 2024

Be it a motorcycle, scooter or electric two-wheeler; your vehicle is a vital part of your life. And, you must ensure that your bike is insured at all times. Bike insurance is the most compelling method of financial protection caused by accidental damages or even vehicle theft. So, you may think when is the best time to renew your bike insurance for continuity in the coverage. In this article, we shed some light on the best time to renew your bike insurance so that your bike stays insured at all times.




When to renew bike insurance?

Whether you purchase bike insurance online or offline, the policy has commencement and expiry dates. The period is usually for one year or it could be up to 3 years if you have opted for the long-term or multi-year policy. Bike insurance renewal must be completed by the due date to avoid loss of coverage. Here are some ways to understand when to renew your bike insurance.

  • If you don’t want the insurance to lapse or the hassle of renewing the policy every year, you can opt for the multi-year plan. It helps you stay insured for a minimum of 3 years.

  • If you have bought a short-term or annual plan, it is ideal for renewing bike insurance within 15 to 30 days of the expiry date. For example, if your two-wheeler insurance expires on 1 June 2022, it is best to renew the plan from 1 May 2022.

  • However, if you have missed the due date, you may check with your insurance company if there is a grace period by which you can renew your plan. Note that your bike insurance policy is considered null and void during the grace period. Hence, your insurer will not accept any claims against your policy.

Moreover, if there is a considerable gap between the expiry and the renewal date, the cost of insuring your bike could increase and reset any unclaimed No Claim Bonus (NCB). Fortunately, at ACKO, you can renew bike insurance instantly through an efficient purchase journey on our website or mobile app. Ensure your bike is insured at all times by renewing the plan within the expiry date.

What are the options when your bike insurance expires?

A bike insurance policy expires when passes the renewal due date. If your two-wheeler insurance is approaching the expiry date, here are the options for you.

  • Renew from your current insurance company.

  • Or switch to a new digital insurer to renew the plan.

  • You can also customise your plan as per your requirements (such as buying a multi-year policy, including add-ons, etc.).

What happens if your bike insurance policy expires?

If your policy expires, you don’t receive financial and legal protection against third party liabilities and also against damages to your bike or even theft of the vehicle. Here are some of the disadvantages of not renewing your bike insurance policy on time.

  • Your insurer does not accept claims against your policy.

  • Your policy is considered null and void.

  • By not renewing the plan within the stipulated time, you may lose any accumulated NCB.

  • Local authorities have the right to levy a penalty of up to Rs. 2000 for riding the vehicle without valid documents.

  • Financial losses in case of damages to your bike or theft.

  • If there is a long gap between the expiry and the renewal date, your insurer may consider increasing the cost of the insurance policy.

  • And an inspection may be required to issue the policy.

Questions to ask yourself while renewing your two-wheeler insurance policy

If your vehicle insurance plan is approaching its renewal date, you have the opportunity to reevaluate the coverage and modify it as per your requirements. Here are some vital questions you must ask yourself before renewing the policy to get the most from your insurance plan.

  • Do you need to buy a Comprehensive Bike Insurance Policy if your bike is currently insured with the basic third-party bike insurance?

  • Have there been any updates to your bike, such as the installation of the anti-theft device?

  • Do you need to change your personal information such as an address, phone number, error on the name, etc.?

  • Have you informed your insurer about any modifications to our bike?

  • Do you need add-on covers to extend the basic plan’s coverage?

  • Are there any discounts that you can take advantage of?

Can I save money by switching to a new bike insurance plan?

There is enough scope to save your money by moving to a new plan or insurance company, especially if you switch to a digital insurance provider like ACKO. We offer insurance directly through our online environment, making it easier for you to buy or renew and even register claims without physical paperwork. The entire process is hassle-free since you can perform all these activities from the comfort of your home.

The online platform lets you compare bike insurance quotes and evaluate the features and benefits of the new two-wheeler insurance plan. It means you have the opportunity to save your money without compromising on the extent of the coverage.

Why is it necessary to renew your bike insurance policy?

Vehicle insurance is an excellent financial shield against adversities such as accidental damages, vehicle theft, and third-party liabilities. You must understand the important benefits of bike insurance renewal for the continuity of the insurance coverage for your bike. Ensuring to renew your bike insurance policy on time allows you to access the following benefits.

  • Save money from repair expenses

  • Leverage the benefits of the bike insurance plan

  • Safeguard against accident-related legal issues

  • Avoid penalties

  • Ride stress-free

Best way to renew two-wheeler insurance

Renewal of bike insurance at ACKO is instant and, more importantly, it's a hassle-free experience. Traditionally, you had to depend on middlemen or visit the office to renew your bike insurance policy. However, that has now changed with the advent of the internet. The best way to renew two-wheeler insurance is through the online platform. Here is how you can renew your bike insurance at ACKO instantly.

  • Step 1: Download our mobile app or visit our website from your smartphone or computer.

  • Step 2: Enter details of your bike and select the plan as per your needs.

  • Step 3: Pay the insurance premium and download the policy document. We also email the policy document to your registered email address.

Tips and tricks to save money while renewing your two-wheeler insurance policy

Apart from choosing a digital insurance company, there are other ways to save money while renewing your bike insurance policy. Your motorcycle or scooter requires a well-balanced insurance plan that covers you against accidental damages and theft along with coverage against third-party liabilities. Make sure to read the terms and conditions before you buy and ensure you renew the plan on time.

Frequently asked questions

Here are some commonly asked questions about bike insurance renewal.


When should I renew my bike insurance policy?

It is best to renew the plan before 15 to 30 days of the expiry date. Failure to renew the plan by the due date may result in the rejection of your claims and the possibility of an increase in the insurance rate.

What are the main factors I should assess before renewing my bike insurance policy?

As mentioned in this article, it is best to revisit the insurance coverage during the renewal. You can review the inclusions and exclusions and change the existing coverage if required. You can consider switching to a new and better insurance provider, or you could include add-ons to enhance the basic plan.

Can I renew my bike insurance policy after it expires?

Yes, you can renew your bike insurance plan after it expires. But, you do not receive coverage until you renew the expired plan. Also, your NCB could be reset if you do not renew your policy within the stipulated time. Ensure you renew your two-wheeler insurance plan by the due date for the insurance coverage continuity.

Disclaimer: The content on this page is generic and shared only for informational and explanatory purposes. It is based on industry experience and several secondary sources on the internet; and is subject to changes. Please go through the applicable policy wordings for updated ACKO-centric content and before making any insurance-related decisions. Explore More: 


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