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Two Wheeler Insurance for New Bike Versus Used Bike

By Vikas Chandra Das
21 July 2022, 11:46 AM

One of the most difficult decisions is deciding which bike or two-wheeler to buy. You ensure the bike is in good working order, that all necessary paperwork is in order, and that you receive a fair price for the bike. A used bike or scooter has an advantage over new vehicles in terms of cost. When it comes to choosing insurance policies for your bike, you have a lot of choices, just as when you buy a bike. You will believe it is a daunting challenge, but you will be shocked at how simple it is to learn about second-hand bike insurance. 

How to Purchase Two Wheeler Insurance for New Vs Used Bikes?

You can follow the below-mentioned steps for purchasing two wheeler insurance for new bikes and used bikes respectively - 

New Bikes:

Follow the steps outlined below to purchase a two-wheeler insurance policy online:

  • Go to the website of the insurance firm
  • Enter personal details like your name and mobile number and click to continue
  • Choose your city and RTO
  • Choose your two wheeler’s make, model, variant, and fuel type
  • Choose the year of registration of your two wheeler. Select the type of two wheeler
  • The applicable premium rate will be displayed to you.

Used Bikes:

  • Go to the website of the insurance provider
  • Enter the bike registration number, owner information, and get a bike insurance quote by submitting a scanned copy of your bike documents, such as the registration certificate and your ID proof
  • The insurance provider will send a surveyor to inspect the vehicle until you start the insurance process
  • Pay the premium and receive your insurance policy via email immediately.

Let’s understand this better with the help of an example. Mr. Choudhary had decided to purchase a second-hand bike since a brand new one was not very affordable for him. Upon purchasing the second-hand bike, he also decided to get a two wheeler insurance policy for it. After getting the Registration Certificate of the two wheeler in his name, Mr. Sen went to the website of the insurance provider of his choice. While purchasing a comprehensive two wheeler insurance policy from Royal Sundaram General Insurance, he was asked by the insurance provider to get an inspection done for his second-hand bike.

Upon successful completion of his bike’s  inspection process and submission of required documents, he proceeded with the payment of the premium of his comprehensive two wheeler insurance plan which will keep his bike insured against both third party two wheeler insurance as well as own damages.

Documents Required to Purchase Insurance for New Vs Used Bike

Following sets of documents are required at the time of purchase of a two wheeler insurance plan for a new and used bikes -   

Documents Needed for New  Bike Insurance Purchase

The following documents are needed when purchasing a new two-wheeler:

  • ID proof of the buyer
  • Address proof and passport size photos
  • If the bike is purchased with a loan, buyers must also have income statement

Documents Needed for Used Bike Insurance Purchase

The documentation required to buy used bike insurance is the same as those required to purchase standard bike insurance. These are:

  • New Registration Certificate (RC) with the current owner’s name
  • The bike's original (existing) policy sheet.
  • Aadhaar, Passport, Voter's ID, and other address proof documents are appropriate.
  • Passport size photos

Things to Keep in Mind While Insuring a New Vs Used Bike

If insuring a new bike, there are a few things to keep in mind:

  • It's understandable that you'd opt for a plan that you can tailor to your bike's specific needs. In this situation, double-check that the insurance package you're considering purchasing has enough coverage, considering the model of your sports bike.
  • Having a higher deductible certainly gives you a discount on the two wheeler insurance premium. This will allow you to obtain a package that provides greater coverage while maintaining a low premium.
  • There are a variety of add-ons available. These are additional coverages that can be purchased besides a Comprehensive Two-Wheeler Insurance Policy. They broaden the reach of coverage and assist you in obtaining the highest possible claim sum in the event of an accident.

If insuring a used bike, there are a few things to keep in mind:

  • Make sure the current RC is in the name of the new owner.
  • Check the Insured Declared Value (IDV), which is a rough approximation of the bike's actual market value. The Sum Insured is the amount that is paid in the event of a complete loss.
  • A higher coverage and lower premium would provide the full insurance coverage for the used bike.
  • If you already have a bike insurance policy, most likely for a bike you recently sold, you can move the No Claim Bonus (NCB) to get a discount.


In India, riding a bike is one of the most easy, cost-effective, and widely used modes of transportation. However, for a safe trip, you must remain alert on the road and take the requisite precautions. Even, to prevent unexpected costs in the event of an accident, get the right bike insurance. While a simple two-wheeler insurance policy is needed in India, you can opt for a comprehensive two-wheeler insurance policy for more comprehensive coverage.

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