10 Common Myths and Misconceptions about Two Wheeler Insurance

4 mn read

Introduction to Two Wheeler Insurance

Two-wheeler insurance is a crucial financial safeguard for motorbike and scooter owners. It provides coverage for damages arising from accidents, theft, natural disasters, and third-party liabilities.

Despite its importance, there are numerous myths and misconceptions surrounding two-wheeler insurance that can mislead policyholders. This blog aims to debunk these myths and provide a clear understanding of the benefits and necessity of two-wheeler insurance.

Benefits of Two Wheeler Insurance

Two-wheeler insurance offers several significant benefits:

  1. Financial Protection: Covers repair costs for damages resulting from accidents, theft, and natural calamities.
  2. Third-Party Liability Coverage: Protects against legal and financial liabilities arising from injuries or damages caused to a third party.
  3. Personal Accident Cover: Provides compensation for injuries or death of the policyholder due to an accident.
  4. Peace of Mind: Knowing that you are financially protected in case of an unforeseen event can greatly reduce stress and worry.

Common Myths about Two Wheeler Insurance and Facts

Myth 1: Comprehensive Coverage is Not Necessary

Fact: A common misconception is that comprehensive coverage is an unnecessary expense if you have third-party insurance, which is legally required. However, comprehensive coverage provides a wider range of protection. It covers damages to your own vehicle from accidents, natural disasters, theft, and vandalism. Without comprehensive insurance, you would have to bear these expenses out of pocket, which can be significantly higher than the premium paid for the insurance.

Myth 2: Old Two-Wheelers Don’t Need Insurance

Fact: Some believe that older two-wheelers don’t require insurance because their market value is low. However, insurance for older vehicles remains essential. They are often more susceptible to breakdowns and might not have the latest safety features, increasing the risk of accidents. Additionally, third-party liability remains, regardless of the vehicle’s age. Therefore, insurance is crucial for covering potential third-party claims and repair costs.

Myth 3: Only Regular Commuters Need Insurance

Fact: Another misconception is that insurance is only necessary for those who use their two-wheelers daily. Accidents, theft, and natural disasters can happen anytime, regardless of how frequently you use your vehicle. Even occasional riders are exposed to these risks. Thus, having insurance ensures that you are protected whenever you decide to ride your two-wheeler.

Myth 4: Premiums Depend Only on the Vehicle’s Value

Fact: While the value of your two-wheeler is a significant factor in determining the insurance premium, it is not the only one. Other factors include the rider’s age, driving history, geographical location, and the type of coverage selected. For instance, younger riders or those with a history of accidents may face higher premiums. Urban areas with higher traffic and theft rates might also attract higher premiums compared to rural areas.

Myth 5: Claims Are Always Rejected

Fact: There’s a prevalent belief that insurance companies often reject claims. In reality, most claims are processed and settled smoothly, provided the necessary documentation is complete and the claim is legitimate. Common reasons for claim rejection include incomplete paperwork, providing incorrect information, or attempting to claim for non-covered events. Ensuring accurate and honest information when filing a claim increases the likelihood of a successful settlement.

Myth 6: Third-Party Insurance is Sufficient

Fact: While third-party insurance is mandatory and covers damages to other people’s property or injury to others, it does not cover damages to your own vehicle. Comprehensive insurance includes both third-party liability and own damage cover, providing full protection. Without comprehensive coverage, you could face substantial out-of-pocket expenses for repairs or replacement of your vehicle in case of an accident or theft.

Myth 7: You Can Only Buy Insurance from Dealers

Fact: Many people think that they must purchase their two-wheeler insurance from the vehicle dealer. However, you have the freedom to buy insurance from any licensed insurance provider. This allows you to compare policies, premiums, and benefits from various insurers and choose the one that best suits your needs and budget.

Myth 8: Insurance Only Covers Major Accidents

Fact: Two-wheeler insurance doesn’t just cover major accidents. It also provides protection against minor damages, such as scratches or dents, which can still incur significant repair costs. Comprehensive policies often include coverage for a wide range of damages, from minor incidents to major accidents and total loss scenarios.

Myth 9: Online Policies Are Not Reliable

Fact: With the advancement of technology, buying insurance online has become increasingly reliable and convenient. Online policies are legitimate and often come with additional benefits such as lower premiums, instant policy issuance, and easy renewal processes. Always ensure you are purchasing from a reputed and authorized insurance provider to avoid any issues.

Myth 10: Lower Premiums Mean Better Deals

Fact: While it’s natural to look for cost-effective options, the lowest premium does not always equate to the best deal. Lower premiums may mean less coverage or higher deductibles. It’s important to balance cost with the quality of coverage, ensuring that the policy provides adequate protection for your needs.

Why Should Every Two-wheeler Owner Consider Buying Two-Wheeler Insurance?

Every two-wheeler owner should consider purchasing insurance due to the unpredictable nature of accidents and mishaps. Two-wheeler insurance not only protects against financial losses but also ensures compliance with legal requirements. It offers coverage against third-party liabilities, which can otherwise lead to significant out-of-pocket expenses. Additionally, insurance provides peace of mind, allowing riders to enjoy their journeys without constant worry about potential financial repercussions of accidents or theft.

Final Thought

Understanding the importance and benefits of two-wheeler insurance is essential for every bike and scooter owner. Dispelling common myths and being informed about the facts can help in making better insurance choices.

Comprehensive coverage ensures that you are protected against unforeseen events, providing both financial security and peace of mind. Choose a reputable insurance provider that offers the best coverage and services to suit your needs. Remember, insurance is not just a legal obligation but a critical aspect of responsible vehicle ownership.

Reading is essential for those who seek to rise above the ordinary.


Welcome to MyArticles, an author-oriented website. A place where words matter. Discover without further ado our countless community stories.

Build great relations

Explore all the content from MyArticle community network. Forums, Groups, Members, Posts, Social Wall and many more. You can never get tired of it!

Become a member

Get unlimited access to the best stories and articles on MyArticles, support our lovely authors and share your stories with the World.