care@investkraft.com
+91-9599071040
+91-9797971876
Commercial Vehicle Insurance
Complete cover for your business-on-wheels
-
Financial and Legal Protection
-
24/7 Roadside Assistance
-
Maximum Coverage
-
Lowest Premiums
Why InvestKraft?
Secure Your Vehicle Today!
What is Commercial Vehicle Insurance?
Commercial vehicle insurance is a policy that protects your business vehicles, like trucks, taxis, or delivery vans, from damage, theft, and third-party liabilities.
Top Commercial Vehicle Insurance Companies in India
Your commercial vehicle deserves the best insurance there is in the market, and InvestKraft promises to provide you with the same. The following are some of the top commercial vehicle insurance companies in India:
| Insurance Company | Claim Settlement Ratio (Motor) | Key Features | Link to Apply |
|---|---|---|---|
| Royal Sundaram | 98.33% | Fast claims, extensive garage network, online policy in 2 mins | Click to Apply |
| HDFC ERGO | 99.8% | 100% paperless process, quick claim approval, wide network of cashless garages | Click to Apply |
| ICICI Lombard | 94% | Instant quotes, roadside assistance, and digital claim tracking | Click to Apply |
| Bajaj Allianz | 92% | 24x7 claim assistance, high IDV options, quick online purchase | Click to Apply |
| Reliance General | 89% | Drive-in claims, add-on covers, PAN India garage network | Click to Apply |
| Tata AIG | 95% | Zero depreciation cover, 7500+ garages, digital claim filing | Click to Apply |
| Oriental Insurance | 88% | Government-backed, third-party & comprehensive cover, reliable support | Click to Apply |
| New India Assurance | 89% | IRDAI-owned, extensive offline presence, affordable commercial plans | Click to Apply |
| United India Insurance | 88% | Trusted PSU insurer, simple claim process, wide network | Click to Apply |
| National Insurance | 90% | Low premiums for commercial fleets, extensive branch network | Click to Apply |
Benefits of Commercial Vehicle Insurance from InvestKraft
Along with peace of mind, the following are the benefits you can get when you buy your commercial vehicle insurance from InvestKraft:
-
Repairs and replacement costs
-
Injury or medical expenses
-
Legal liabilities
-
Roadside Assistance (with an addon)
-
Engine Protection, especially in flood-prone areas (with an addon)
More Details About Commercial Vehicle Insurance
Let us understand more details about commercial vehicle insurance from the following points:
-
We all know how out-of-control things can happen if your commercial vehicle meets with an accident.
-
Not just the vehicle loss, but loss of goods, police cases, and the list goes on. You will lose your mental peace rapidly.
-
Commercial vehicle insurance is a legal contract between you and the insurance company.
-
In this contract, you have to pay a premium and the insurance company assures financial assistance to your vehicle, in case it gets damaged, destroyed or stolen.
-
Depending on your plan, various other aspects are covered by the insurance company.
That is why we at InvestKraft strongly recommend buying insurance for your commercial vehicle. InvestKraft can help you get the best commercial vehicle insurance in India at the lowest premium
Types of Commercial Vehicle Insurance Coverage
Commercial Vehicle Insurance Coverage is designed specifically for vehicles used for business, offering financial protection against accidents, damages, and liabilities. There are mainly three types of commercial vehicle insurance coverage made available for the users.
Below are the three types for your information:
| S. No. | Types of Risk Coverage | Definition |
|---|---|---|
| 1 | Third-Party Insurance | This is the most basic type of insurance coverage, that covers damages or injuries caused to a third party (another person or vehicle) in an accident. It does not cover damages to your own vehicle. |
| 2 | Comprehensive Insurance | This is a more extensive policy that covers third-party liabilities as well as damages to your own vehicle caused by accidents, theft, natural disasters, or vandalism. |
| 3 | Own Damage Insurance | This insurance coverage type specifically covers damages to your commercial vehicle but does not include third-party liabilities. |
Why Do You Need Commercial Vehicle Insurance?
The biggest reason why you need insurance for your commercial vehicle is peace of mind. If something unfortunate happens, then you will thank your decision to buy commercial vehicle insurance from InvestKraft. Apart from this, the following are some of the major reasons why you need insurance for your commercial vehicle:
-
We all know how out-of-control things can happen if your commercial vehicle meets with an accident.
-
Repairs and replacement costs
-
Injury or medical expenses
-
Legal liabilities
-
Roadside Assistance (with an addon)
-
Engine Protection, especially in flood-prone areas (with an addon)
-
Personal Accident Cover for drivers and owners (with an addon)
Which Commercial Vehicle Insurance to Buy? Third-Party vs Comprehensive
Now, if you are confused between third-party insurance and comprehensive, then this table will help you decide:
| Feature | Third-Party Insurance | Comprehensive Insurance |
|---|---|---|
| Third-Party Liability | Yes | Yes |
| Own Vehicle Damage | No | Yes |
| Theft and Natural Disasters | No | Yes |
| Premium | Low | Higher, but better value |
If your business is highly dependent on your commercial vehicle, we recommend that you go for comprehensive insurance rather than third party. The reason is that you will save a lot more in the long run.
Click to insure your commercial vehicle now!Comparison of Different Types of Commercial Vehicle Insurance Coverage
Now, let us compare the various types of commercial insurance coverages:
| Feature | Third-Party Insurance | Comprehensive Insurance | Own Damage Insurance |
|---|---|---|---|
| Third-Party Liability | Yes | Yes | No |
| Damage to Your Vehicle | No | Yes | Yes |
| Theft Protection | No | Yes | Yes |
| Natural Disasters | No | Yes | Yes |
| Premium Cost | Lowest | Higher | Moderate |
If you still need more help or want to ask any questions related to your commercial vehicle insurance online, please do not hesitate to contact us .
List of Companies Offering Commercial Vehicle Insurance Policies in India
Here are some of the top insurance providers in India offering commercial vehicle insurance
How Should You Choose the Right Commercial Vehicle Insurance Coverage?
You may find it difficult to make the right decision when it comes to buying Commercial Vehicle Insurance Policy Cover for your business. In such conditions, you may take into consideration the following factors:
Assess Your Needs
Determine the level of coverage you require based on your vehicle type and usage. Before diving into policy details, take a good look at your business needs. What kind of vehicle are you insuring – a small delivery van, a heavy-duty truck, or a fleet of buses? How is it used – local deliveries, long-haul transport, or passenger service? Understanding your vehicle type and its typical usage will help you determine the necessary level of coverage. Don't just assume a basic policy will do; tailor it to your specific risks.
Compare Plans
Look at different policies/risk coverage and their features to find the best fit for your business. Don't settle for the first policy you see. Treat your insurance search like a competitive comparison. Gather quotes from multiple insurers and meticulously compare their offerings. Look beyond the premium and scrutinize the fine print. What's covered? What's excluded? Are there any limitations or hidden costs? A thorough comparison is key to finding the best value.
Budget
Choose a policy that offers good coverage without straining your finances. Cost is a major factor, but don't let it be the only factor. Choosing the cheapest policy might seem appealing, but it could leave you underprotected. Strike a balance between affordability and adequate coverage. A slightly higher premium might be worth it for the peace of mind it provides.
Read Reviews
Research customer feedback and ratings for the insurance provider. In today's digital age, customer reviews are gold. Take advantage of online platforms to research insurance providers. What are other businesses saying about their experiences? Are they happy with the service? How smoothly were their claims processed? Reading reviews can give you valuable insights into the insurer's reliability and customer service.
Claim Process
Ensure the company has a simple and quick claim settlement process. When disaster strikes, you want a hassle-free claims process. A complicated or slow claims procedure can add insult to injury. Investigate the insurer's claims process beforehand. Is it easy to file a claim? How quickly do they typically settle claims? A smooth claims experience is crucial for getting your vehicle back on the road quickly.
Check Add-Ons
Consider additional covers like zero depreciation, engine protection, or roadside assistance. Just like adding features to a car, you can enhance your commercial vehicle insurance coverage with add-ons. Think about what extras would benefit your business. Zero depreciation cover can save you a lot of money on claims by covering the full cost of replacing parts. Engine protection can shield you from hefty repair bills. Roadside assistance can be a lifesaver if your vehicle breaks down. Choose add-ons strategically, balancing cost with the value they provide.
Reputation of the Insurer
Choose a reputable insurer with a good track record. Choose an insurer with a solid reputation and a proven track record. Look for a company that's financially stable and known for its fair practices. A reputable insurer is more likely to honour its commitments and provide reliable support when you need it most. Don't gamble with an unknown entity; stick with a name you can trust.
Frequently Asked Questions (FAQs)
![FD DOT]()
Read our Latest Blog
A Complete Guide to Consumer Durable Loans in India 2025
Are you dreaming of a sleek new refrigerator, a powerful washing machine, the latest smartphone, or a cutting-edge entertainment system?In today's world, these appliances and gadgets are more than just luxuries; they're essential for a comfortable...
