Suzuki Bike Insurance
Suzuki Bike Insurance
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Suzuki Bike Insurance

Suzuki Motorcycle India Pvt. Ltd. (SMI) is a subsidiary of Suzuki Motor Corporation, the leading Japanese automobile manufacturer. Earlier Suzuki had collaborated with TVS Motor Corp and was selling vehicles under the brand name TVS Suzuki. Their arrangement came to an end in 2001. Subsequently, SMI commenced in 2006. They have a production plant in Gurgaon that has a capacity of producing more than 5 lakh units of two-wheelers annually.

SMI is ranked seventh among the top-selling two-wheelers in India as of 2019, with sales of 668,787 units. It showed a 33%+ growth over the previous year demonstrating the highest growth among all motorcycle companies. It also showed a 5.7% growth for 2019-20 and rolled out its 50th lakh two-wheeler from its plant in 2020. The Gixxer and the Intruder are the top motorbikes offered by the company in India.

Types of Suzuki Bike Models

Take a look at the popular Suzuki two-wheeler models in India:

1. Suzuki Gixxer

Suzuki Gixxer

The Gixxer is one of the top bikes offered by Suzuki. It has a 155 cc engine with a 5-speed gearbox. It is well-known for its muscular street fighter-style with flat and wide handlebars. It has a single-channel ABS that ensures complete safety on the road while braking.

2. Suzuki Intruder

The Intruder is a cruiser from Suzuki that has a 155 cc air-cooled engine with a 5-speed manual gearbox. The Intruder has disc brakes and produces a power of 14.14 PS. The bike design with the prominent front cowl with a double-barrel exhaust presents a stylish appearance.

Suzuki Intruder 150

3. Suzuki Hayabusa

Suzuki Hayabusa

The Hayabusa is a superbike from Suzuki. It has a 1340 cc liquid-cooled four-cylinder engine that delivers the power needed for highway driving. The aerodynamic design of the bike is its hallmark. It has a dual-channel ABS to ensure safety on the road.

Suzuki Two Wheeler Insurance Premium Calculation

The premium you would be paying for your Suzuki bike insurance depends on the variant of the model you are buying, the engine capacity, the year you register the bike, the place of registration, among other noticeable factors. Some of the top bikes of Suzuki and their premium prices are listed below:

Bike Variant

Ex-showroom price of the bike


Zero Depreciation

(Add On)*


Suzuki Gixxer STD





Suzuki Intruder Fi-STD





Suzuki Hayabusa





**Last Updated on 13-11-2020

*The price is calculated for a 2020 model registered in Chennai.

Suzuki Bike Insurance: Add-ons

You can get certain exclusions in your policy covered by buying add-on covers. The following are some of the popular add-on covers that would enhance the scope of your insurance policy:

  • Zero depreciation cover: Depreciation is calculated on all bike parts to account for wear and tear. This reduces the claim you may make. Buying the zero depreciation cover would allow you to get a higher claim since depreciation is counted as zero.
  • Key loss cover: In case you lose your bike key, then you need to get the key replaced, which will be expensive. Buying this cover will allow you to claim for the cost of replacing the lost key.
  • Consumables cover: Consumables like screws, oil filter, etc. are billed during the repair. These expenses are not covered under the basic insurance policy. This add-on cover will allow you to claim for the costs of consumables used for your bike repair.
  • Accessories cover: Any accessories that you include in your bike are not covered in your insurance. Buying this add-on will allow it to be covered under insurance, so any damages to the accessories can be covered in your insurance policy, allowing you to make a claim.

Suzuki Two Wheeler Insurance: Renewal Process

You must renew your bike insurance policy on time to ensure continued coverage. You can do this conveniently through by following the below steps:

  1. You will find the option 'Free Quotes from Top Companies' on the top of this page.
  2. Provide the details asked and choose 'Continue'. You need to then provide your name, city, and phone number. You need to enter the verification code after which you can view quotes from different insurers.
  3. Go through all the quotes, compare the prices and coverage and then select one of them.
  4. Once you select a quote, you will be transferred to the website of the insurer, where you can complete the renewal process.
  5. On payment of the premium and completion of renewal, you will get a confirmation email as well as the soft copy of the insurance policy.

Frequently Asked Questions (FAQs)

1. I had an old bike and am now buying a new Suzuki bike. Can I transfer the NCB from my old bike to this bike or would it lapse the moment I sell it?

The No Claim Bonus (NCB) you have on your bike is in your name as the policyholder of the bike insurance policy. You have the right to transfer the NCB when you buy a new bike. It is important to do this, so you can retain the NCB and get a discount on the premium, which would otherwise be expensive for a new bike.

2. My bike was damaged in a lightning strike. There is severe damage to the bike and I need to get it repaired. Is it covered under insurance?

Yes, this is covered under your bike insurance policy. A lightning strike is a natural calamity just like a flood, earthquake, or cyclone. Damages to your bike due to any natural calamity are included in your policy. You can get it repaired and get compensated.

3. My Suzuki bike is four years old. The IDV of the bike is very less compared to its original price. In case of a total loss by accident or theft, the compensation I would get would be very less, what to do in this situation?

Any insurance claim is considered keeping in mind the Insured declared value (IDV) of the bike. This reduces every year based on market price. If you want to get a higher payout, then you can purchase the return to invoice/invoice price add-on. This add-on ensures the invoice price is considered instead of the IDV.

4. In case of an accident, can I get compensation for any disabilities suffered under the insurance coverage?

Every vehicle driver is recommended to have a personal accident insurance cover. If you don't have one, then you need to get this cover while renewing your insurance policy. This cover will enable you to get compensation from the insurer in case of any disabilities suffered. In case of the death of the owner-driver, death benefits would be provided to the family members.

Last updated on 13-11-2020