Commercial Vehicle Insurance – Protect Your Business on the Road
If your vehicle is critical to your business — whether it’s a goods carrier, taxi, truck, school van, or delivery van — securing it with a robust commercial vehicle insurance policy is not optional, it’s essential. At VehicleInsurance.co.in, we help you choose the best commercial vehicle insurance plans with added cashback benefits and complete transparency.
Let’s say you own a Tata Ace or Mahindra Bolero Pickup worth ₹8 to ₹10 lakhs. A minor accident or damage due to fire or flood could cost you tens of thousands in repairs — and days of business loss. A good insurance policy can save both your money and peace of mind.
Types of Commercial Vehicle Insurance
- Third-Party Insurance: Mandatory by law. It covers injury, death, or property damage caused to a third party by your vehicle.
- Comprehensive Insurance: Covers both third-party liabilities and damage to your own commercial vehicle — including theft, accidents, fire, and natural disasters.
Pros & Cons of Commercial Vehicle Insurance Types
1. Third-Party Commercial Insurance
| Pros | Cons |
|---|---|
| Legally required under Indian Motor Act | No coverage for your own vehicle’s damage |
| Low annual premium cost | No coverage for theft, fire, flood, or breakdowns |
| Protects from third-party legal liabilities | Does not support vehicle downtime recovery |
2. Comprehensive Commercial Insurance
| Pros | Cons |
|---|---|
| Covers own vehicle damage, theft, and disasters | Premium is higher than third-party plans |
| Claim downtime loss for accidental repairs | Add-ons may increase premium slightly |
| Covers cargo loss, fire damage, riots (if opted) | Requires proper documentation for claims |
Our Suggestion
If your vehicle is a daily part of your income — such as in transport, logistics, or delivery — we strongly recommend going for Comprehensive Commercial Vehicle Insurance. It not only protects your asset but also ensures your business doesn’t come to a standstill due to unexpected damage, accidents, or loss.
Why Choose VehicleInsurance.co.in?
- Compare commercial policies from multiple trusted insurers
- Buy online with guaranteed cashback credited to your UPI
- No hidden terms — we explain all coverage clearly
- Expert help available for renewals and claims
Top Commercial Vehicle Insurance Providers in India (2025)
Protect your trucks, taxis, tempos, and other business-use vehicles with trusted commercial vehicle insurance from leading IRDAI-approved insurers. Below is a list of India’s best insurers offering policies for goods carriers, passenger transport, construction vehicles, and more.
1. ICICI Lombard General Insurance
ICICI Lombard offers reliable commercial vehicle insurance for trucks, tankers, school buses, and more. With strong claim support and digital services, it’s ideal for fleet owners and individual transporters.
2. HDFC ERGO General Insurance
HDFC ERGO provides custom coverage for commercial vehicles, including third-party and own-damage protection. Their cashless repair network and fast digital claims are a big plus for business owners.
3. Bajaj Allianz General Insurance
Bajaj Allianz offers commercial vehicle insurance with flexible policy terms, online renewals, and optional covers tailored for goods carriers, cabs, and heavy commercial vehicles.
4. Tata AIG General Insurance
Tata AIG delivers robust protection for commercial fleets and single-vehicle operators. They offer excellent customer service and add-ons like roadside assistance for business continuity.
5. Reliance General Insurance
Reliance covers light, medium, and heavy commercial vehicles with competitive pricing and fast policy issuance. Their fleet-friendly policies are suitable for logistics and transport companies.
6. Iffco Tokio General Insurance
Iffco Tokio provides cost-effective plans for rural and semi-urban vehicle operators. They support quick claims and cover both goods-carrying and passenger-carrying vehicles.
7. Future Generali India Insurance
Future Generali’s commercial vehicle insurance covers accidental damage, liability, and theft. Their responsive claim service helps minimize downtime for transport businesses.
8. Go Digit General Insurance
Digit offers simple and fully digital commercial vehicle insurance. Policyholders can raise claims via mobile and get flexible coverage suited for modern logistics and delivery companies.
9. Acko General Insurance
Acko offers digital-first solutions mainly for taxis and city-based commercial vehicles. The policy comes with quick claims and competitive pricing, especially for app-based operators.
10. Shriram General Insurance
Shriram specializes in commercial vehicle insurance for rural, agricultural, and transport-based enterprises. Their simple documentation process is ideal for small businesses and truck owners.
11. Kotak Mahindra General Insurance
Kotak Mahindra offers dependable insurance for taxis, buses, and goods carriers, with prompt customer support and cost-effective premiums for long-term operators.
12. Liberty General Insurance
Liberty provides multi-year policies and customizable options for commercial vehicles, making it a solid choice for fleet managers and long-distance transport operators.
13. Oriental Insurance
As a public-sector insurer, Oriental offers affordable and trustworthy commercial vehicle coverage, especially for small transporters and passenger carriers in tier-2 and tier-3 towns.
14. National Insurance Company
National Insurance covers a wide variety of commercial vehicles including school vans, trucks, and taxis. Their large office network helps with easy claim servicing across regions.
15. United India Insurance
United India is known for its practical, no-frills commercial vehicle policies, offering protection for third-party and own-damage risks at competitive premiums.
16. New India Assurance
New India Assurance, one of India’s oldest insurers, offers commercial vehicle policies with broad acceptance and trusted claim settlement, suitable for individual and fleet-based businesses.
17. Zuno Insurance (formerly Edelweiss)
Zuno’s commercial vehicle insurance includes essential coverage and quick digital claims, ideal for newer transport companies and digital fleet managers.
18. Magma HDI General Insurance
Magma HDI covers goods and passenger-carrying vehicles with plans designed for regional operators and fleet-based businesses needing affordable yet efficient protection.
Ensure your business vehicles are insured with the right coverage and added cashback — only on VehicleInsurance.co.in.