Cochin , with a population of over 2 million people is home to thousands of vehicles, with two-wheelers accounting for close to 70% of them. Each year, the city sees an increase in the number of bikes registered, with over 1.29 lakh vehicles registered in the period between 2007 and 2012. Reports by local authorities indicate that around 30,000 vehicles are registered in Cochin annually.
The number of vehicles in Kerala has increased from 0.24 lakh in 1960 to around 70 lakh in 2013. This has not only resulted in congestion on the streets, but has contributed to the sharp rise in the number of accidents. There were 3,000 reported accidents during Jan-June of 2016 in Ernakulam, with all of these involving two-wheelers. A good two-wheeler insurance policy can help offset any financial cost associated with such accidents, making it not just a mandatory requirement but also a necessity.
The city of Cochin sees a number of two-wheelers purchased each day. General Insurance companies have realised the potential to cash in on this market, with around 30 such companies offering two-wheeler insurance in Cochin . This number has helped residents, with a plethora of products of offer. Individuals looking to insure their bike can consider a policy from one of these popular names.
The names mentioned above are not ranked in any specific order and just highlight the popular options in the city.
Competition among insurers has resulted in better services and products for customers. One service which is standard across insurers is cashless garages. A wide network of cashless garages can help an insurer retain existing customers, in addition to targeting new ones. Insurance providers in Cochin have tied up with local garages, offering a decent network of cashless garages.
A cashless garage can be a boon in case of an accident, for a customer can get the damage fixed without hassle, without the need to pay an additional amount from his/her pocket. Locating a cashless garage in Cochin is simple and straightforward, with it possible to do so by using any of the methods listed below:
Choosing to get a damaged vehicle fixed at a cashless garage can be beneficial in a number of ways, as highlighted below:
Purchasing a bike insurance policy goes beyond meeting government regulations, for a good policy can offset losses and provide peace of mind during emergencies. With a host of products on offer, one should keep these basic points in mind before purchasing a policy.
Purchasing a used two-wheeler is common in India, with the second-hand vehicle market growing in leaps and bounds each passing year. Individuals who have purchased a used vehicle from a different state should not forget to get the insurance transferred in their name. Failure to do so might result in the insurance company rejecting any claim.
Transferring bike insurance is simple, and can be done by following a few simple steps.
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