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How to Obtain Bike Insurance for Multiple Bikes

By Juhi Walia
03 August 2022, 12:29 PM

Buying two-wheeler insurance can sometimes be confusing, complex, and lengthy too. Most bike owners are unaware of the nuances of a bike insurance policy and do not know that each bike should have valid insurance. 

As per the Motor Vehicles Act, every bike owner must have an insurance policy for the bike they own. So if you own multiple vehicles, each vehicle should have relevant bike insurance, which is determined based on the engine displacement, how old the bike is, the city you live in, and other factors.

Considering the current road conditions which lead to vehicle wear and tear, other damages, accidents, injuries, and sometimes loss of life, everyone must ensure the vehicles they drive has a valid two-wheeler insurance policy. The damages caused by accidents can often incur a heavy financial burden on the owner, which can be easily managed if he has a two-wheeler insurance policy. 

However, purchasing two-wheeler insurance online is straightforward and can help you get all your two-wheelers insured in just a few minutes. Here's all you need to know about obtaining bike insurance for multiple bikes:

Which Insurance Policy Can You Get If You Own Multiple Bikes?

To answer this query in simple terms, the basic two-wheeler insurance will cover the registered vehicle, not the bike owners. Thus, as registration numbers are different for all the two-wheelers, an insurance policy registered for bike A cannot be used for bike B. However, if the individual wishes to have a single insurance policy for multiple two-wheelers, that is also allowed and is called a Multi-Vehicle Policy or Motor Floater Policy.

What is Motor Floater Policy?

A motor floater policy is a motor insurance plan that covers multiple vehicles. These can be different vehicles, such as private vehicles (cars/two-wheelers) registered under a single owner. A multi-vehicle policy can help get up to five vehicles covered under the plan. Having all the vehicles covered under the same plan make it extremely easy and hassle-free for the owners, as they do not have to keep track of renewal dates for multiple vehicles. 

Inclusions in Motor Floater Policy

The multi-vehicle policy will cover:

  • Damages to the insured vehicles due to the accident.
  • Damages or loss of vehicles due to man-made calamities like riots, theft, etc.
  • Damages or loss of vehicles due to natural disasters like floods, earthquakes, cyclones, hurricanes, etc.
  • Damages to third-party person, property, or vehicle due to an insured vehicle.

Exclusions in Motor Floater Policy

The motor floater policy will not cover the following:

  • Breakdown due to mechanical or electrical failure.
  • Depreciation cost of the vehicles.
  • Repair or replacement of wear and tear components.
  • No claim if the rider is found driving under the influence of alcohol or any intoxicants.
  • No claim for reckless driving, or if the driver does not have a valid licence or policy.

Things to Consider When Buying Two-wheeler Insurance for Multiple Bikes

As we can see, policyholders have the option to have separate insurance per vehicle or get comprehensive bike insurance that covers their multiple vehicles. Motor floater insurance ensures that the vehicle owner doesn’t have to manage multiple insurances for their vehicles, and a single policy will get them covered. However, there are also some drawbacks to this policy.

Since motor floater insurance significantly depends on driver behaviour and expertise, the premium can be high if the driver falls under a high-risk category. Plus, if the person riding the bike is not a registered driver under this insurance, there is a high possibility that you will not get the bike insurance claim for any accident or incident that occurs.

So, it is always recommended that policyholders should compare the premiums for their bikes if they go for the motor floater vs separate policies and make an informed decision. Although one of the biggest benefits of a motor floater policy is that it comes with a single renewal. So no hassle of remembering the due dates of all the policies of multiple vehicles. 


Buying a two-wheeler policy may get confusing for most first-time buyers, and picking the right policy for the bike is also quite tricky for most. However, with digital platforms, one can instantly compare bike insurance offered by several bike insurance companies and opt for the option that best matches their requirement. Researching and comparing the benefits is vital so you can get your bike or multiple bikes insured. And, to insure your multiple vehicles, you can buy a motor floater policy that offers financial coverage to all your vehicles under a single plan. 

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1. If I own two bikes, will I need two-wheeler insurance for both bikes in India?

Yes. As per the directions of a Supreme Court ruling in September 2018, it is mandatory for all two-wheelers, whether new or old, to have valid two-wheeler insurance. Since it is not illegal to own or purchase multiple vehicles or two-wheelers, the same owner can also have different insurance policies for their vehicles. 

2. How many types of bike insurance are there?

As per the Insurance Regulatory & Development Authority of India (IRDAI), there are three key two-wheeler insurance types: third-party liability insurance, own damage bike insurance, and comprehensive bike insurance.

3. What is meant by first-party, second-party, and third-party in third-party bike insurance?

In third-party bike insurance:

  • The first-party is the insured individual.
  • The second-party is the insurance provider.
  • The third-party is the individual to whom damages are to be paid in case of an accident

4. Is an online bike insurance policy valid?

There is no need to provide physical documents for buying two-wheeler insurance online. So those wanting to buy bike insurance online can easily compare it from multiple insurance providers and select the best bike insurance company per their requirements. Any bike insurance policy procured online is valid for the period mentioned in the policy. 

5. Can a person have multiple bike insurance policies?

Yes, an individual can have multiple bike insurance policies, which is a must if they own multiple two-wheelers. It is also not illegal to have various two-wheeler vehicle insurances for the same bike. Still, a single two-wheeler insurance policy will suffice per bike, and the insurers can also add benefits to this policy as required. 

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