A hefty fine can not only dent your wallet but also cause an unpleasant riding experience. Bike insurance, often overlooked as a mere formality, can prove helpful against such unforeseen challenges.
Two-wheeler insurance not just protects your bike from accidents. It also acts as a shield against the unexpected costs of traffic violations. It is a safety net that ensures you ride stress-free without the fear of traffic fines.
Understanding Two-wheeler Insurance
It is a financial safety net that protects you and your bike from unforeseen circumstances. Check out some of its features below-
- Having third-party bike insurance is mandatory by law
- It covers damages caused to a third party’s property or person in case of an accident
- Comprehensive insurance offers coverage for third-party liabilities and damages to your own bike
- Many insurers allow you to opt for add-ons that widen coverage for your bike
- The premium amount of your policy depends on the bike model and engine capacity, location, age, and claim history
If you do not own your favourite bike yet, credit options like the Bajaj Finance Two-wheeler Loan can help you finance your dream.
An Overview of Traffic Challans
It refers to the penalty imposed by traffic authorities for violating road safety rules. This can include offences like speeding, not wearing a helmet, or jumping a red light. The fine amount varies based on the violation.
Common Traffic Fines and Penalties in India
The government has implemented strict traffic rules and penalties to ensure road safety and discipline. Some of the common traffic fines and penalties under the Motor Vehicles Act of 2019 include-
| Violation | Fine or Penalty |
| Driving Without a Driving Licence | ₹5,000 |
| Drunk Driving | First Offence: ₹10,000 and/or imprisonment of up to 6 months
Second Offence: ₹15,000 and/or imprisonment of up to 2 years |
Over Speeding |
Light Motor Vehicle: ₹1,000 to ₹2,000
Medium Passenger or Goods Vehicle: ₹2,000 to ₹4,000
Second or Repeat Offence: Impounding of Driving Licence |
| Driving Without Valid Insurance | First Offence: ₹2,000 and/or imprisonment of up to 3 months
Second Offence: ₹4,000 and/or imprisonment of up to 3 years |
| Not Giving Way to an Emergency Vehicle | ₹10,000 |
Disclaimer: The above-mentioned penalties may change subject to any amendment in the Motor Vehicles Act of 2019.
How Traffic Rule Violations Impact Your Ride
Ignoring regulations on roads can not only lead to hefty fines but also jeopardise your safety and the safety of others. The consequences of traffic rule violations can be far-reaching.
- Traffic Challans
Disobeying traffic regulations results in a traffic challan, a formal notice of the violation. Penalties vary based on the offence severity. Modern methods include electronic challans (e-challans) sent via SMS or email.
- Traffic Violation Points
Repeated traffic offences accumulate points. Exceeding a certain threshold can lead to driving licence suspension for a specified period. - Legal Action
Severe violations, especially those causing harm to others, may necessitate court appearances.
- Higher Insurance Premium
A history of traffic violations can negatively impact insurance costs. Insurers often charge higher premiums to drivers with multiple offences.
Tips to Avoid Traffic Challans
Avoiding traffic challans is not just about saving money but also ensuring road safety. With a bit of awareness and discipline, you can significantly reduce your chances of traffic violations.
- Renew Insurance on Time
Ensure your insurance policy is always active by renewing it before the expiry date. Most insurers offer convenient online renewal options.
- Cover Your Purchase
Whether buying a new or used bike, always get insurance. If the bike already has coverage, transfer it to your name. Otherwise, purchase a new policy.
- Carry Essential Documents
Keep physical copies of your Registration Certificate (RC) and Driving Licence (DL) handy.
- Have a Digital Backup
Utilise apps like DigiLocker or mParivahan to store digital copies of your documents for easy access.
- Third-party Insurance
This is the minimum legal requirement to operate a vehicle. It covers damages caused to third-party property or individuals in case of an accident. Consider this option if you drive infrequently and cautiously.
By securing your ride with a comprehensive bike insurance policy, you can protect your vehicle from unwarranted events. It also safeguards you from the financial burdens of traffic fines.
Make the smart choice today—invest in a reliable insurance policy that fits your needs. Bajaj Markets is a financial marketplace where you can browse through different two-wheeler insurance plans. Opt for a plan that provides adequate coverage at lower premium costs.