Scooter & Scooty Insurance

Your scooter simplifies your daily commute. But did you know that you need to insure it?

The Motor Vehicles Act, 1988 mandates the requirement of a scooty insurance policy on your beloved two-wheeler. So, whether you have a scooty or a scooter, invest in a two-wheeler insurance policy and secure your ride against unforeseen contingencies.

What is Scooter Insurance?

A scooter insurance policy is one that covers the financial losses that you might suffer if you are involved in an emergency related to your vehicle. For instance, if your vehicle gets damaged in an accident, the scooty insurance policy will cover the cost of repairing your two-wheeler.

Scooter insurance plans in India are primarily of two types –

Third party scooty insurance plans

A third-party insurance for scooty is the basic cover which is mandated under the Motor Vehicles Act. The plan undertakes your financial liability if your scooter causes financial loss to any third party.

Comprehensive scooter insurance plans

Comprehensive plans have a wider scope of coverage. They cover the mandatory third-party liability and also extend coverage for the damages that your scooter might suffer.

Features of scooter insurance

Here are some of the salient features of an insurance policy for scooty or scooter in India –

  • While the third-party coverage is mandatory, the comprehensive plan is optional. However, a comprehensive plan can prove to be the best insurance for scooty.
  • If you buy a new vehicle, the new scooter insurance plan should have a third-party coverage of at least five years. The own damage cover, however, can be taken for a year.
  • Premiums for third-party scooter insurance plans are fixed by the Insurance Regulatory and Development Authority of India (IRDAI).
  • Long-term scooty insurance plans are available. These plans can be the best scooter insurance plans for continuous coverage without annual renewals.
  • Comprehensive plans allow optional coverage benefits in the form of add-ons.

Find the best scooty insurance plans with comprehensive coverage for your bike. Buy a 125cc scooter insurance plan online in a few clicks.

Scooter insurance price in India

The scooty insurance price depends on a lot of factors. Here’s a look at the factors and how they affect the scooter insurance cost –

Factors Impact on the premium
Type of policy Third-party plans are cheaper compared to comprehensive plans. The third party insurance price for scooty is fixed by the IRDAI and can change.
Engine capacity The scooty insurance charge for third-party plans depend on the engine capacity. Higher the capacity, higher the premium.
Value of the scooter The cost of the scooter affects the price. Higher the cost, higher the price
Tenure The scooty insurance price for 1 year will be cheaper than the scooty insurance price for 5 years.
Registration date and location Older vehicles have lower premiums than new ones. Moreover, scooters registered in metro cities have higher premiums compared to other cities.
Add-ons selected If you choose optional add-ons, the premium will increase because add-ons come with additional premiums.
Insured Declared Value (IDV) The IDV represents the scooter insurance amount or the coverage level. Higher IDVs incur higher premiums and vice-versa.

How to buy scooty insurance online?

Scooter insurance plans are available online and you can buy them with a few clicks of your computer or even your Smartphone. To buy scooty insurance, visit Kotak General Insurance and buy the most suitable plan for your beloved bike.

Simply enter the details of your bike like the registration number, make and model, registration date, type of policy you want and a few other information. Get the policy quotes and buy insurance for scooter within minutes. It is a simple and hassle-free process and your scooter gets insured instantly.

No lengthy documentation. Buy scooty insurance online and insure your ride.

Third-party scooter insurance premium

As mentioned earlier, the scooty insurance third-party price is determined by the IRDAI and is regularly reviewed. After the latest review, the third-party scooter insurance cost, effective from 1st June 2022, is as follows –

Engine capacity of the vehicle One-year premium Five-year premium
Up to 75 cc Rs.538 Rs.2901
76 cc to 150 cc Rs.714 Rs.3851
151 cc to 350 cc Rs.1366 Rs.7365
More than 350 cc Rs.2804 Rs.15,117

Note – The aforementioned cost of third-party insurance for scooty does not include GST. A GST of 18% will be added on the third party scooty insurance premium.

The online scooter insurance 3rd party premium might change as the IRDAI reviews the premiums annually. The premium might increase or decrease based on the review.

The premium is the bare minimum premium for covering your financial liability against third parties when using your scooter. Check out the premium vis-à-vis the engine capacity of your scooter and buy the policy.

Comprehensive scooter insurance premium

The premium for a comprehensive scooter insurance policy is higher compared to the third-party policy. The reason is simple. Comprehensive plans offer wider coverage; hence the premiums are higher. The premium for the comprehensive cover consists of the third-party premium and the own damage premium. Moreover, if you opt for add-ons, the premiums for the same are added to arrive at the final premium amount.

Does scooter need comprehensive insurance?

Of course it does! You can get complete coverage against scooter-related emergencies when you invest in a comprehensive scooter insurance policy.

What is covered under scooty insurance policy?

Coverage under a scooty insurance policy is available for the following types of financial contingencies –

  • Financial liability suffered when your scooty causes third party physical injury or death
  • Financial liability suffered when your scooty causes third party property damage
  • Damages to your scooty due to any natural calamity such as earthquakes, floods, lightning, hurricane, storm, typhoon, etc.
  • Damages to your scooty due to any of the man-made calamities such as fire, riots, explosion or implosion, malicious acts, etc.
  • Theft of your scooty
  • Damages to your scooty when it is being transported from one place to another through road, rail, water or air.
  • There’s also a personal accident cover for the owner/driver of the scooter. The cover pays a lump sum benefit in the case of accidental death or permanent total disablement.

What is not covered under scooty insurance policy?

A scooty insurance policy has the following exclusions –

  • Depreciation and normal wear and tear of the vehicle
  • Mechanical or electrical damage
  • Damage to the tyres and tubes of the scooter
  • Damages suffered when violating the usage limitations of the vehicle. For instance, using the vehicle for commercial purposes when it is registered as a private vehicle.
  • Driving without a driving license that is valid
  • Driving outside the geographical borders of India
  • Drinking and driving or under the influence of intoxication or alcohol
  • Criminal acts and hazardous sports or activities
  • Deliberate accidents
  • Consequential losses
  • War, nuclear perils and allied threats

Add-ons for scooty insurance

Add oncover mean additional coverage features that you can add to your scooter insurance policy for a comprehensive protection. Here are the add-ons that you can get with Kotak scooter insurance plans –

Depreciation cover- This add-on covers the loss suffered due to depreciation. Since depreciation is excluded from the coverage, insurers deduct the depreciation from the claim. However, with this add-on, you can avoid the depreciation deduction and get a higher claim payout.
Consumables cover- Under this add-on, the cost of consumables, which is otherwise excluded, is covered. Consumables include lubricants, engine oil, nuts, bolts, etc., used in repairs.
Engine protect- If the engine of your scooter gets damaged due to water leakage or seepage, the loss suffered will be covered.
Return to invoice- If your scooter is stolen or is completely damaged, the company will pay the invoice value of the vehicle as a claim.
Garage cash- If the scooter is damaged and is being repaired, the add-on will pay a daily allowance for the time the scooter is in the garage, up to a maximum of 10 days.

How to file a claim for scooter insurance?

Filing a claim for your scooter insurance policy is quite simple with Kotak General Insurance. Here are the steps for easy claim settlements –

  • Call Kotak at 1800 266 4545 and inform us about the claim. Alternatively, fill out and submit the Claim Intimation Form.
  • If you take your scooter to a networked garage, you can avail of a cashless claim settlement.
  • The scooter will be surveyed within 24 hours of intimation.
  • Submit all the relevant claim-related documents to Kotak.
  • The insurance company will assess the claim and the related documents and settle the expenses directly with the garage.
  • Pay the deductibles or inadmissible expenses and take delivery of your repaired scooty.
  • In the case of a reimbursement claim, Kotak will survey the damage within 24 hours.
  • Get your scooter repaired at the non-networked garage and pay the bills yourself.
  • Submit your claim with all the necessary documents, and you will get a reimbursement within 7 days of submission of all relevant documents.

Tips for choosing the right scooty insurance policy

With so many options available, wondering how to choose a scooter insurance policy?

Wonder not! Here are some tips on how to select the best scooty insurance policy for your vehicle –

  • Opt for a comprehensive plan because it offers the widest scope of coverage.
  • Choose suitable add-ons to enhance the coverage further and customise your policy.
  • Look for a suitable Insured Declared Value so that you can get a higher claim payout in the case of total loss or theft.
  • Look for premium discounts to make your premium more affordable.
  • Opt for long-term scooter insurance plans so that you can enjoy continuous coverage without the hassle of annual renewals. Moreover, long-term plans also allow premium discounts.

Scooty insurance for models

Whatever the model of your scooty or scooter, find a suitable insurance plan for it.

Kotak Scooter Insurance policy is available for the following brands –

Honda Activa Ola S1 Suzuki Access 125
TVS NTORQ 125 Ather 450X TVS Jupiter
Yamaha Aerox 155 Yamaha Fascino 125 Bajaj Chetak
Hero Vida V1 Hero Maestro Edge 125

Other Quick Links

Bike Insurance by Brand

Bike Insurance by City

Important Blogs on Bike Insurance

Frequently Asked Questions about Scooty Insurance

1. Does a scooter need insurance in India?

Yes, under the provisions of the Motor Vehicles Act of 1988, every scooter in India should be insured under a valid third-party liability insurance policy. Besides being mandatory, the coverage also offers financial security in case of losses due to your scooter. So, scooters need insurance in India.

2. Is it mandatory to have comprehensive scooter insurance?

No, a comprehensive scooter insurance plan is not mandatory in India. The mandatory coverage is the third-party liability insurance policy. A comprehensive plan is recommended because it offers a wider scope of coverage. A comprehensive policy covers the third party's legal liability and also covers the theft or damage to your scooter.

3. How much does the scooter insurance cost?

The cost of a scooter insurance policy depends on multiple factors. These include the type of policy that you choose, the make and model of your scooter, registration date and location, add-ons selected, no claim bonus available, etc. These factors are taken into consideration, and then the insurance cost is determined.

4. Which vehicles are covered by scooty insurance?

A scooty insurance policy covers all scooters and scootys that you buy for personal use.

5. How can I find the right insurance company for my scooty?

The right insurance company will be the one which fulfils the below-mentioned parameters –

a. It offers a comprehensive scope of coverage.

b. It offers a range of add-ons to choose from.

c. There are attractive premium discounts.

d. The premium rates are low,

e. The company has a wide network of cashless garages

f. The claim process is simple, quick and convenient

g. Kotak General Insurance fulfils all these criteria and can prove to be the right insurance company for your scooty.

6. Can I buy a scooter/scooty insurance for 5 years?

If you buy a new scooter or scooty, you can buy third-party coverage for 5 years. Many companies also offer long-term plans that offer both third-party and own damage cover for 5 years. So, you can buy insurance for 5 years for new scooters or scootys.