Vijayawada, the second most populous city of Andhra Pradesh is home to a large number of vehicles, with two-wheelers being the preferred mode of transport in the city. Official reports stated that the city had 4.5 lakh vehicles as of 2004, with this number increasing at a rate of around 10% each year. Currently, the city has around 7.5 lakh vehicles, with the road network spanning over 1,250 km. Given these numbers a number of accidents are witnessed in the city, most of them involving bikes. The recent decision of the Supreme Court to ban BS-III compliant vehicles saw residents of the city rushing to buy bikes, with dealers offering discounts ranging between Rs.15,000 and Rs.25,000.
A good two-wheeler insurance policy can help offset the financial loss associated with an accident. While the government has made it mandatory for all vehicles to have an insurance policy, it is upto the rider to determine the kind of policy he/she wishes to invest in.
Given its proximity to Amravati, the new capital of Andhra Pradesh, Vijayawada is a key city in the state. A number of companies have established offices, with over 30 general insurance organisations offering two-wheeler insurance here. Individuals looking to invest in a good policy can choose from any of these popular names.
The names mentioned above are not ranked in any specific order and just highlight the popular options in the city.
One of the key benefits of having a two-wheeler insurance policy is that one can get damages fixed at network garages of the insurer. Almost all insurance companies offer this service, helping them improve their customer ratings. Individuals who wish to get their bike fixed at a cashless garage in Vijayawada can locate one by using any of the following means.
Individuals who enlist the services of a network garage can enjoy a host of benefits, some of which are highlighted below:
Given the number of options in the market it is possible for one to get confused while buying a bike insurance. Keeping these simple points in mind can help one zero in on a policy suited to their needs.
With the recent bifurcation of Andhra Pradesh into two states it is possible to see a number of vehicles which are registered in different states ply on the streets of Vijayawada. Individuals who wish to purchase a used bike which is registered in a different state can do so without any problem. However, one should remember to transfer the insurance policy to the new owner to avoid complications in the future.
Transferring ownership of the policy is simple and can be done by following these basic steps.
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