Have you ever imagined cruising down the highway on your brand-new Bajaj Avenger 220 Cruise, feeling the wind in your hair? Sounds exciting, right? But have you thought about securing your ride with the right insurance? Just like you need a helmet for safety, insurance ensures that your bike stays protected in case of an accident or unforeseen event.
If you are planning to book insurance for your Avenger 220 Cruise at an ex-showroom price of ₹10,000, then this article is for you. We will walk you through everything you need to know about insurance booking, its benefits, and why it’s a must-have for every rider.
Understanding the Ex-showroom Price and Insurance Costs
Before jumping into insurance booking, let’s first understand what the ex-showroom price means. The ex-showroom price of a vehicle is the cost set by the manufacturer, excluding road tax, registration, and insurance. Since insurance is a mandatory requirement in India, you need to get one before hitting the road.
Now, when you hear about insurance booking for an ex-showroom price of ₹10,000, it usually refers to a base price estimate for your insurance policy. However, the final premium may vary based on different factors, including the type of coverage you choose.
Types of Insurance Policies for Bajaj Avenger 220 Cruise
When purchasing insurance, you have two main options:
1. Third-Party Insurance
This is the most basic and legally required insurance policy. It covers damages caused to a third party, including bodily injury, death, and property damage. However, it does not cover damages to your own bike. If you are looking for a budget-friendly option, this is the way to go.
2. Comprehensive Insurance
If you want complete protection for your Bajaj Avenger 220 Cruise, a comprehensive policy is your best bet. It includes third-party coverage along with own-damage protection. This means that in case of an accident, theft, fire, or natural disaster, your bike will be covered. Though it costs slightly more than third-party insurance, the benefits are worth it.
How to Book Insurance for Your Bajaj Avenger 220 Cruise?
Booking insurance for your bike has never been easier. Follow these simple steps to get started:
Step 1: Research and Compare
Visit different insurance providers’ websites or use online insurance aggregators to compare policies. Look for features like coverage, premium costs, claim process, and customer reviews.
Step 2: Choose the Right Plan
Decide whether you want third-party insurance or comprehensive insurance. If you ride frequently and want peace of mind, a comprehensive policy is the smarter choice.
Step 3: Enter Your Bike Details
Most insurers will ask for details like your bike’s make, model, variant, registration number, and year of purchase. Provide accurate details to get the right insurance quotes.
Step 4: Customize Your Policy with Add-ons
Many insurers offer add-ons like:
- Zero depreciation cover
- Roadside assistance
- Engine protection
- No-claim bonus protection
These add-ons enhance your policy but may increase the premium.
Step 5: Make the Payment and Get Insured
Once you finalize the policy, proceed with the payment. You will receive the insurance policy document via email instantly. Keep a copy with you whenever you ride.
Factors That Affect Your Insurance Premium
Your insurance premium is not just a random number. It depends on several factors, including:
- Bike Model & Variant: High-end models like Bajaj Avenger 220 Cruise may have higher premiums due to their value.
- Age of the Bike: Newer bikes attract higher premiums, while older ones may get a lower rate.
- Location: If you live in a metropolitan city, your insurance cost may be higher due to increased risks.
- Type of Coverage: A third-party policy is cheaper than a comprehensive one.
- No-Claim Bonus (NCB): If you have not made any claims in the previous year, you can get a discount on your premium.
Why Should You Get Insurance for Your Bajaj Avenger 220 Cruise?
1. Legal Requirement
In India, riding without insurance can result in heavy fines and legal consequences. Having at least a third-party insurance policy is mandatory.
2. Financial Protection
Accidents can be costly. Insurance ensures that you don’t have to bear the financial burden of repairs, hospital bills, or third-party liabilities.
3. Peace of Mind
Knowing that your bike is insured gives you confidence while riding. You can enjoy your long rides without worrying about unexpected expenses.
4. Protection Against Theft or Damage
If your bike gets stolen or damaged due to fire, flood, or vandalism, an insurance policy will cover the losses, saving you from major financial setbacks.
Common Mistakes to Avoid While Booking Insurance
Even though buying insurance is simple, many people make mistakes that can cost them later. Here are some common pitfalls to avoid:
- Not comparing policies: Always compare different insurers to get the best deal.
- Ignoring add-ons: Add-ons like zero depreciation can save you a lot of money in case of a claim.
- Providing incorrect details: Incorrect information can lead to claim rejections.
- Skipping policy renewal: Make sure to renew your policy before it expires to avoid lapses in coverage.
Conclusion
Owning a Bajaj Avenger 220 Cruise is a thrilling experience, but protecting it with the right insurance is equally important. Whether you opt for third-party insurance or a comprehensive plan, make sure you choose wisely. The process is simple, and with online booking options, you can get insured in minutes.
So, if you are planning to book your Bajaj Avenger 220 Cruise insurance at an ex-showroom price of ₹10,000, now is the perfect time. Stay safe, ride responsibly, and enjoy your journey with complete peace of mind!