Most people overpay or under-insure their bike without realizing it

Been noticing this pattern a lot around me (especially in cities like Bangalore). People either buy the cheapest bike insurance or blindly renew whatever the showroom suggests.

Both can cost you more in the long run.

A few things I’ve understood after comparing policies across different platforms:

1. Super low premium usually = compromises somewhere
2. A lot of policies look cheap because the IDV is reduced or important add-ons are missing.
3. IDV isn’t just a number
4. It decides how much you’ll get if your bike is stolen or totally damaged. Keeping it close to market value is important.
5. Basic policy is not the full protection
6. Without add-ons like zero depreciation, you’ll end up paying for parts like plastic/fiber during repairs.
7. Claims experience matters more than price
8. At the time of accident, smooth claim handling and good garage network matter more than saving a few hundred rupees.

At the end of the day, insurance isn’t just for avoiding fines and it should actually help when something goes wrong.

Curious how others here choose their policy, price, brand, or claim experience?