The most frequently used mode of transportation by Indians is generally a motor cycle or a scooter because of very many reasons. Lower monthly spend on fuel, low cost of maintenance and easy navigation on Indian roads makes it the favorite vehicle for Indian commuters . As an owner of a bike or a scooter we all know that it is a legal mandate to have two wheeler insurance but when it comes to it paying premium it can actually burn our savings a lot.As prices of everything is going northwards we can see a similar phenomenon in case of the two wheeler premiums also. Looking at this problem we feel that just by comparing features and buying it online will not solve the problem. Possibly we can look after two types of approaches people follow
The first approach though may save a lot of money for you but the problems would arise when you actually make a claim. Since the cover is only third party in nature you may end up paying the whole cost of repair when the situation arises and you might start questioning yourself why you opted for an insurance. So though first approach bring in lot of savings but in long run it becomes a real money burner. Keeping this thing into perspective you can look at a comprehensive plan as your best companion as per the approach second but still though the approach seems bit costly but still certain steps can be taken to optimize upon the cost.
The various steps to look into are :
So it not always that spending less that lead to better savings but on the other way spending smartly seems to be a better approach. This is quite reflected in the two types of approaches mentioned above where you not only save a lot but that don’t mean that you end up losing value because you paid fewer premiums