Bike Insurance

Bike Insurance

Bike Insurance Bangladesh is an essential requirement for all bikers or motorcyclists to safeguard themselves against potential financial losses due to accidents, theft or third-party liabilities. With GoodHope Insure, you can easily compare and find the best deals on comprehensive (first-party) motorcycle insurance from anywhere in Bangladesh, either through our website or mobile app.


GoodHope Insure partners with reputed insurance companies to offer a wide range of coverage options, competitive prices and convenience in purchasing motorcycle online in Bangladesh and processing claims. By choosing the bike insurance Bangladesh at GoodHope Insure, you can enjoy peace of mind while riding on the road, knowing that your motorcycle is protected against unforeseen circumstances.

Why Bike Insurance is Necessary in Bangladesh?
  • Legal Requirements

    The Road Transport Act 2018 in Bangladesh made insurance coverage mandatory for all motorized vehicles, including motorcycles or bikes. Failure to produce the valid bike insurance shall result in penalties and legal consequences.

  • Financial Protection

    Bike accidents, theft or natural calamities can lead to significant financial losses. Insurance provides the necessary safety-net by reimbursement of the costs of repairs, replacements, or third-party liabilities.

  • Peace of Mind

    With comprehensive motorcycle insurance, you can ride with confidence, knowing that you're protected against unforeseen risks. This peace of mind allows you to focus on the road and enjoy your journey without worrying about financial burdens in case of an unfortunate incident.

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Types of Motorcycle Insurance Coverage
A. Comprehensive (First Party) Insurance
  • Accidental Damages and Theft

    Comprehensive insurance covers damages or loss of the insured motorcycle and its accessories due to various situations, including:

    • Road accidents

    • Housebreaking/robbery

    • Engine damage through external accidental means

    • Damage during transit

  • Optional Additional Coverage
    • Flood & Cyclone : You can choose the additional coverage to protect your motorcycle against damages caused by natural calamities like typhoons, hurricanes, floods, storms, cyclones, frost or inundation.

    • Earthquake : Comprehensive insurance can also provide coverage for damages to your motorcycle due to consequences of earthquake, like fire, shock damages, landslides or self-ignition.

    • Riot and Strike : Protect your motorcycle against damages caused by riots, strikes, malicious, or violent activities by adding this cheap bike insurance benefit.

B. Third-Party Liability Bike or Honda Insurance
  • Death or Bodily Injury to Others

    Third-party liability insurance covers legal liabilities arising from death or bodily injury to third parties in the event of an accident by your motorcycle.

  • Third-Party Property Damage

    This coverage gives you protection against the financial liabilities for the damages happened to any third-party’s property, such as other vehicles or structures or other assets, in an accident by your motorcycle.

** Discover the best motorcycle insurance deals in town. Call GoodHope Insure at 01711025165.

Advantages of Choosing GoodHope Insure
  • Competitive Pricing

    GoodHope Insure offers competitive prices by sourcing quotes from different reputed insurance companies, allowing you to find the best deal of motorbike insurance that fits your budget.

  • Comprehensive Coverage Options of Motorcycle Insurance Online

    From the list of many benefits available, you can tailor your motorcycle insurance policy to suit your specific needs, ensuring adequate protection against various risks.

  • Convenient Online Comparison and Purchase

    GoodHope Insure's user-friendly website and mobile app allow you to easily compare and select among different policies, get quotes and buy your desired coverages online, saving you time and effort.

  • Easy Payment Options

    Enjoy the convenience of 0% interest EMI for up to 12 months when you pay with eligible credit cards, making your insurance purchases are more affordable and manageable.

  • Additional Benefits

    GoodHope Insure offers some policies which encompasses all of the first-party and third-party insurance for bike, and the accidental Death, Disability and Health insurance benefits to biker and the passengers as well. Some other additional benefits are also provided by GoodHope Insure, such as emergency roadside assistance, free claims assistance, and cashless claim settlement options, ensuring a hassle-free experience.

Goodwill of GoodHope Insure as Administrator?
  • Trusted Administrator of Bike Insurance Bangladesh

    GoodHope Insure has partnered with the reputed, reliable and trustworthy insurance companies in Bangladesh, ensuring your motorcycle is protected by the financially stable providers.

  • Fast Delivery of Policy and Others Documents

    One of the key advantages of taking services of GoodHope Insure is our fastest of policy and other documents. If you're located inside Dhaka areas, your policy will be delivered within 24 working hours, while those who lives outside Dhaka shall get their documents within 72 working hours.

  • Round the Year Customer Services

    GoodHope Insure shall provide you round-the-year customer services ensuring that we are always by your side.

  • Customer Testimonials

    GoodHope Insure has earned huge positive reviews and testimonials from their satisfied customers, reflecting their commitment to providing world-class services, competitive pricing, and hassle-free claims experiences.

How to get bike insurance from GoodHope Insure
  • Using the Website
    • Visit https://goodhope.com.bd/

    • Navigate to the bike insurance section

    • Enter your bike/ motorcycle's details and your personal information

    • Get instant quotations from multiple insurance companies

    • Compare policies based on coverage diversity, and terms & conditions, and honda insurance cost,

    • Select your desired policy and complete online purchase process.

  • Using the GoodHope Mobile App
    • Download the GoodHope Insure Mobile App from the app store, both Android & Apple

    • Sign up or log in to your account

    • Fill-up the form providing your motorbike and personal details

    • Receive quotations from different insurance companies

    • Compare and select the right policy for your bike

    • Complete the purchase securely through the GoodHope Mobile App.

  • Documents Required to Buy Online Bike Insurance Bangladesh

    To purchase your favorite bike insurance with GoodHope Insure, you'll need to provide the following documents:

    • Motorcycle registration details

    • Personal identification documents (e.g., NID, passport).

  • Payment Options

    GoodHope Insure offers various convenient payment options, including:

    • Credit/debit cards

    • Mobile banking: NAGAD or bKash

    • Internet banking

    • Other digital payment methods

** Ride worry-free with GoodHope Insure's reliable motorcycle insurance. Call 01711025165.

Processing Bike Insurance Claims with GoodHope Insure
  • Notifying the Insurance Provider/ Administrator

    In the event of an accident, theft or any incident covered by your motorcycle insurance policy, notify about the incident to GoodHope Insure at your earliest. Please note that insurance companies require many instant information about the incident for settling the bike insurance claim appropriately.

  • Documents Required for Claim Settlement

    GoodHope Insure will guide you through the claims processing by informing you about the necessary documentation required. These include:

    • Accident report

    • Police report (in case of theft or vandalism)

    • Repair estimates/invoices

    • Photographic evidence of the incident

  • Cashless Repairs of Bike at Network Workshops

    GoodHope’s partner insurance companies have established partnerships with a network of garages and workshops across Bangladesh. If your bike requires repairs, you can avail cashless repair services at these network locations, eliminating the need for upfront payment.

  • Free Claim Assistance

    To ensure a smooth and hassle-free claims experience, GoodHope Insure provides free claim assistance to all its customers. Our dedicated team will guide you through the process, answer your queries, and help you about the necessary documentation and procedures.

Tips for Choosing the Right Bike Insurance Bangladesh
  • Assessing Your Coverage Needs

    Determine the appropriate level of insurance coverage based on the evaluation of your specific requirements, such as the value of your bike, your riding habits and any additional coverage you may need.

  • Comparing Different Policies

    GoodHope Insure's platform allows you to easily compare policies from various insurance providers based on motorcycle insurance price, coverage, and terms. Take the time to thoroughly evaluate each option to find the best fit.

  • Reading Customer Reviews

    Read and realize customer’s reviews logically about different insurance providers on GoodHope Insure's platform. Positive reviews can provide valuable insights into the quality of service and claims handling processes.

  • Checking for Hidden Costs & Exclusions

    Review the policy documents carefully to find out whether there is any hidden cost or exclusion that may affect your coverage or claims processing in future.

** Your motorcycle deserves the best protection. GoodHope Insure delivers. Contact 01711025165.

People Also Ask

Ans:Comprehensive motorbike insurance, well-known as first-party insurance, covers the damages or loss to your motorcycle and its accessories due to accidents, theft, natural calamities, and other specified events, as outlined in your policy documents.

Ans:To file a claim, notify GoodHope Insure about the incident and follow our claims process at your earliest soon after it happened. They will guide you about the required documentation and procedures to ensure a smooth and efficient claims experience.

Ans:Comprehensive bike insurance covers damages or loss to your own motorcycle, whereas, third-party insurance covers loss or damages to the third parties’ bike or assets due to accident caused by your bike.

Ans:To avail the EMI with 0% interest option for up to 12 months, simply use an eligible credit card when making your motorcycle insurance purchase through GoodHope Insure's website or mobile app.

Ans:Yes, absolutely! If you already have a motorcycle insurance policy with another provider, you can easily transfer it to GoodHope Insure at the time of next renewal. Our team will guide you through the process ensuring a smooth transition without any lapse in your bike’s coverage.

Ans:Renewing your motorcycle insurance policy with GoodHope Insure is very easy. As the renewal date of your policy is very near, we'll send you a renewal notification with the required payable premium and the coverage details. Then you can renew your policy online through our website or mobile app, ensuring continuous coverage for your motorcycle.

Ans:In the unfortunate event that your motorcycle is declared a total loss after an accident or theft, insurance company will compensate you based on the insured declared value (IDV) of your motorcycle at the time of the incident. This compensation can help you buy a new motorcycle, minimizing the financial impact of the loss.

Ans:Absolutely! GoodHope Insure knows that every motorcyclist has his unique requirements. So that, we offer a wide range of coverage options and add-ons, allowing you to customize your bike insurance policy to suit your specific needs and budget. You can do it very easily on our website or mobile app.

Ans:If your motorcycle is used for commercial purposes, such as food delivery or ride-sharing services, GoodHope Insure has specialized insurance policies tailored for such use cases. If you need our team will assess your specific requirements and provide you with the appropriate coverage options to protect your motorcycle, and ensuring you compliance with any applicable regulations.

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