Insecure parking spaces, lack of CCTV coverage, and inadequate security measures have resulted in high incidents of bike theft, especially in metropolitan areas. Therefore, installing an anti-theft device can be a good option to increase the protection of your bike. In addition, insurance providers also provide discounts on the comprehensive bike insurance premium if the bike has an anti-theft device.
Understanding Anti-Theft Device in a Bike
An anti-theft device is a security system installed in a bike to reduce the risk of theft of that bike. These devices can be manual or automatic. If you live in a theft-prone locality or you have to park your bike in the open or near the roadside regularly, then you should consider installing one or more anti-theft devices in your bike.
Types of Bike Anti-Theft Devices
-
The Immobiliser
It is a manual device that restricts the movement of certain bike parts. The handle lock is a common example of an immobiliser.
-
Vehicle Tracking System
The use of a vehicle tracking system has become widespread recently, especially in high-end bikes. It is a GPS-enabled tracking system that tracks the bike’s location and helps the owner or law enforcement authorities track down the bike.
-
Anti-Theft Alarm
A loud alarm sets off if anyone tries to steal your bike. So, even if you’re not near the bike, the alarm can attract the attention of nearby people, who can then thwart the theft attempt.
Impact of Anti-theft Device on Insurance Premium
An anti-theft device can significantly reduce the probability of bike theft. As a result, the possibility of a bike insurance claim against bike theft can be relatively low for an anti-theft device-installed bike than a regular bike sans such devices.
Therefore, the insurance provider offers a discount on your comprehensive two-wheeler insurance if your bike has an anti-theft device. However, the device model and the manufacturing company must be approved by the Automotive Research Association of India (ARAI).
Benefits of Installing Bike Anti-Theft Devices Apart From Insurance Discount
-
Protection Against Bike Theft
It can be excruciating for a committed bike enthusiast to see his/her bike being stolen. So, the primary reason for installing an anti-theft device on a bike is to protect it from theft.
-
Preventing Financial Loss
Even a basic commuter bike comes with a price. Many people purchase bikes through two-wheeler loans. Therefore, losing a bike can be financially stressful regardless of whether you bought it with full payment or an EMI.
The anti-theft devices can increase the bike’s protection level and safeguard the owner from financial losses.
-
Quicker Claim Settlements
No amount of anti-theft devices can make your bike completely theft-proof. However, if your bike is stolen despite installing anti-theft devices, then the insurer understands that you did everything possible to reduce the chances of theft. Therefore, the insurer is likely to settle your two-wheeler insurance claim quickly.
You must have spent significant money 52av and time to get the bike of your dreams. So, it makes sense to spend a one-time amount on anti-theft devices. Consider it as an investment in your bike’s security. Besides getting discounts on your comprehensive insurance premium, an anti-theft device can help you remain calm and at peace regardless of where your bike is parked.
