Commercial Vehicle Insurance

Protect your business vehicle with the best policy

  • Compare and choose the best insurance policy
  • Buy at better premium rates
  • More than 2 lakh vehicles insured

Insure your Vehicle

What is Commercial Vehicle Insurance?

Commercial vehicle insurance is motor insurance that is applicable for commercial vehicles (Taxi, Cab and Bus) plying on Indian roads. The policy covers all the damages that arise due to natural or man-made disasters to your vehicles. According to The Motor Vehicles Act, 1988, it is mandatory for every commercial vehicle to be insured against third-party liability covering the owner’s legal liabilities following the death, injury, or damage to the third parties because of their vehicle. 

Types of Commercial vehicle insurance policy

Comprehensive commercial vehicle insurance policy

It is more beneficial than third-party liability policy as it provides cover against damages to the insured vehicle and driver as well. There are several add-on covers that can be integrated with the policy in order to have extended protection.

Commercial vehicle Third-party liability insurance policy

It covers the damages caused by the insured vehicle to any third-party vehicle/ person. It is mandatory that every commercial vehicle owner must havethird party insurance for their  vehicle.

Benefits of Commercial Vehicle Comprehensive insurance policy

  • The Commercial Vehicle Comprehensive policy provides financial compensation for damages to the insured vehicle as well as to third-party vehicles/ persons during accidents.
  • Most insurance companies have network garages where you can avail cashless repairs.
  • In the event of any unfortunate event like death of a driver due to an accident, the insurer will pay the compensation awarded by the court.
  • If you lose your vehicle due to theft, the policy will provide an equivalent compensation.

Why buy a commercial vehicle insurance policy at IVA insurance?

Purchasing a Commercial Vehicle insurance policy online is a great option as the premiums are often lower. As the operating costs are lower for the insurance company when the transactions are done online, most companies encourage their customers to buy policy online.

IVA Insurance is one of the fastest growing insurance aggregator services in India. We have the reputation of helping more than 1 lakh vehicle owners buy commercial vehicle insurance policy for their vehicles.

In our platform, you can find quotes from multiple insurance providers Our algorithm lists the most appropriate quotes after you enter a few details. You can compare and analyze the features of every insurance policy listed and pick the one most suited to your needs. We also have a 24*7 helpline to assist customer’s queries. 

FAQ on Commercial Vehicle Insurance

According to The Motor Vehicles Act, 1988 every commercial vehicle plying on Indian roads should have a valid third-party liability insurance.

The Commercial Vehicle Insurance Policy provides financial cover for the damages incurred to you in addition to the third-party liability cover.

A third-party liability policy is statutory. Buying a comprehensive commercial vehicle policy has many advantages in terms of coverage than a limited third-party liability insurance.

You can renew insurance policies both online and offline. But the online process is much more efficient and cost-effective. While choosing offline, a person has to invest a lot of time and energy. You can save your time by buying a commercial vehicle insurance policy with a few clicks on the IVA Insurance website.

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