To book a TVS Raider Single Seat model for insurance purposes, it’s crucial to understand the necessary steps, the cost breakdown, and how the ex-showroom price affects your expenses. This guide will explain every aspect in detail, focusing on how to secure your bike, manage insurance, and understand pricing.
Understanding the TVS Raider Single Seat Model
The TVS Raider is a sporty commuter bike designed for urban riders who prioritize style, performance, and affordability. The Single Seat variant enhances the aesthetic appeal and practicality, making it a popular choice among young riders.
Key Specifications:
- Engine: 124.8cc, single-cylinder, air-cooled, fuel-injected.
- Power: 11.38 bhp @ 7500 rpm.
- Torque: 11.2 Nm @ 6000 rpm.
- Mileage: Approx. 67 km/l.
- Design: Aggressive styling with a sharp headlamp and sporty graphics.
Ex-Showroom Price:
The ex-showroom price is the base price of the bike before additional costs like insurance, registration, and RTO fees. For the TVS Raider Single Seat, the ex-showroom price typically ranges between ₹90,000 to ₹1,00,000, depending on your location.
Booking the TVS Raider
Booking a bike involves several steps. Here’s a step-by-step guide:
1. Visit the Dealer
Identify the nearest authorized TVS dealership. You can visit the showroom in person or check their website for online booking options.
2. Choose the Variant
Confirm that you want the Single Seat variant of the TVS Raider. Dealers may show other options, so ensure you’re specific.
3. Check Availability
Demand for popular models like the Raider may cause delays. Confirm availability and the expected delivery date.
4. Pay the Booking Amount
Most dealers require a token amount to reserve the bike. For the TVS Raider, this can range from ₹5,000 to ₹10,000, depending on the dealer.
5. Provide Documentation
Submit essential documents like:
- ID Proof: Aadhar Card, Passport, or PAN Card.
- Address Proof: Utility bills or a rental agreement.
- Income Proof (if opting for financing).
Insurance for the TVS Raider
Insurance is mandatory under Indian law for all two-wheelers. Here’s a detailed breakdown of insurance-related steps:
1. Types of Insurance
- Third-Party Insurance: Covers damages caused to others but doesn’t protect your bike.
- Comprehensive Insurance: Includes third-party coverage and protects your bike against theft, damage, or accidents.
For a high-demand model like the Raider, comprehensive insurance is advisable.
2. Premium Calculation
Insurance premiums are influenced by:
- Ex-showroom Price: The higher the price, the higher the premium.
- Insured Declared Value (IDV): Determines the bike’s current market value.
- Rider Age and Location: Premiums may vary based on the rider’s profile and where the bike is registered.
On average, the annual insurance premium for the Raider is between ₹3,000 and ₹5,000.
3. Add-ons
Consider additional covers for better protection:
- Zero Depreciation Cover: Ensures full claim settlement without considering depreciation.
- Roadside Assistance: Provides 24/7 help in case of breakdowns.
- Engine Protection: Covers damages to the engine, often excluded in standard policies.
Final Cost Breakdown
Here’s how the final cost is calculated:
1. Ex-Showroom Price:
₹90,000 – ₹1,00,000
2. RTO Fees:
Approximately 10% of the ex-showroom price. For the Raider, this could be around ₹9,000 – ₹10,000.
3. Insurance Premium:
₹3,000 – ₹5,000
4. Other Charges:
Dealer handling charges, accessories, and optional extended warranty. These can add another ₹1,000 – ₹3,000.
Total On-Road Price:
₹1,03,000 – ₹1,15,000 (approx.)
How to Save on Insurance
- Compare Policies: Use online platforms to compare premiums from different insurers.
- Opt for Higher Deductibles: This reduces premiums but increases out-of-pocket expenses during claims.
- Avoid Unnecessary Add-ons: Choose add-ons that match your specific needs.
- No-Claim Bonus (NCB): Maintain a claim-free year to enjoy a discount on renewals.
Tips for a Smooth Purchase
- Pre-Book During Offers: Look for festive discounts or year-end sales.
- Check EMI Options: Many banks offer low-interest loans for bikes.
- Test Ride: Always take a test ride to ensure comfort and satisfaction.
- Inspect the Vehicle: Before delivery, check for scratches, dents, and functionality.
Conclusion
Booking a TVS Raider Single Seat and securing insurance is straightforward with the right approach. Start by understanding the ex-showroom price, choose the best insurance policy, and ensure all costs are transparent. By planning your finances and exploring your options, you can enjoy a hassle-free ownership experience of this stylish and efficient bike.
