Trucks, tempos, buses, taxis, tankers, delivery vans, trailers, cranes, fleet vehicles — complete Goods Carrying (GCV) and Passenger Carrying (PCV) insurance solutions. Save up to 35% with fleet discounts. Cashless claims at 7,500+ garages.
IRDAI classifies commercial vehicles into Goods Carrying (GCV), Passenger Carrying (PCV), and Miscellaneous categories. Each has unique premium structure, TP rates, and coverage requirements.
Heavy trucks (12 tonne and above) carrying goods face the highest insurance risk — long-distance highway travel, overloading, poor road conditions, multiple drivers. Comprehensive GCV insurance covers your truck body, goods in transit, third-party liability, driver PA, and natural calamities.
Light Commercial Vehicles (LCV) under 7.5 tonnes — Tata Ace, Mahindra Bolero Pickup, Eicher Light Truck, Mini Van — are the backbone of last-mile delivery and small business logistics. Affordable insurance with comprehensive coverage for goods, vehicle, and driver.
Tankers (fuel, chemical, LPG, milk), tippers (sand, gravel, cement), and specialized transport vehicles carry high-risk cargo and require special endorsements. High-risk cargo tankers may need specific hazardous goods insurance.
Buses are among the highest-risk commercial vehicles — they carry many passengers daily. IRDAI mandates strict TP premiums based on seating capacity. School buses and stage carriages require additional passenger liability coverage.
Taxis, cabs (Ola, Uber, Rapido), auto rickshaws, e-rickshaws — all commercial PCV vehicles requiring mandatory TP insurance. Drivers earn a living from this vehicle — any downtime is income loss. Quick repair and cashless claims are critical.
India's booming e-commerce has exploded the need for delivery van insurance. Amazon Flex, Flipkart, Meesho, Zomato, Swiggy, BigBasket, Delhivery fleets — all need robust commercial vehicle insurance. Small delivery bikes using private bikes for commercial delivery need commercial endorsement!
Special purpose vehicles (SPVs) include cranes, JCBs, excavators, bulldozers, road rollers, concrete mixers, and mobile cranes used in construction, mining, and infrastructure projects. These are classified as Miscellaneous vehicles by IRDAI.
Own a transport company, logistics fleet, taxi aggregator, or e-commerce delivery network? Fleet insurance covers all your commercial vehicles under a single master policy — one premium payment, one renewal date, one point of contact. Get up to 35% fleet discount!
Tractors used for farming get different rates than tractors used for commercial transport. Agricultural tractors have lower premiums. If a tractor is used commercially on public roads — it becomes a commercial vehicle and needs GCV insurance with valid road permit and TP coverage.
Commercial vehicle insurance comes in three flavors — from the legally-mandated minimum to full comprehensive protection. Most transport businesses need comprehensive for maximum protection.
Transport companies, logistics operators, e-commerce delivery fleets, taxi aggregators — anyone with 5+ commercial vehicles qualifies for fleet insurance. One policy, one renewal, one claim manager, and significant premium savings through fleet discounts.
Fleet discount of 15–35% on the Own Damage component. Plus fleet NCB grows over years. On a 20-truck fleet, savings can be ₹2–5 Lakh/year vs individual policies.
One renewal date, one premium payment, one policy document. No juggling 20 different policy renewal dates. Add new vehicles or remove disposed ones mid-term.
Your fleet gets a dedicated relationship manager who knows your vehicles. Priority cashless claim processing. Real-time claim status updates for every vehicle.
GPS-fitted fleet gets an additional 5% discount from select insurers. Real-time vehicle tracking also helps in faster claim investigation and reduces fraud.
Base commercial vehicle insurance covers the standard risks. These add-ons cover the critical gaps that can cripple your transport business when things go wrong.
Get an indicative premium for your commercial vehicle insurance. Actual premium depends on insurer, vehicle condition inspection, and exact IDV agreed with insurer.
IDV is your vehicle's current market value — the sum insurer pays in total loss. Higher IDV = higher premium but more payout. Don't declare wrong IDV to save premium!
Third-party premium is set by IRDAI — same across all insurers. Only the Own Damage (OD) component varies between insurers. Always compare OD rates!
No Claim Bonus grows from 20% to 50% over 5 claim-free years — on the OD premium. A clean claims history is extremely valuable for fleet operators.
Vehicles in metro cities (Zone A) pay higher OD premiums than those in rural zones. Long-haul trucks that travel across zones get calculated at their home RTO zone.
Choose an insurer with 95%+ Claim Settlement Ratio (CSR) and strong commercial vehicle claim service. Fast claim settlement means your vehicle is back on road faster!
| Insurer | CSR (FY24–25) | Network Garages | Fleet Specialty | Claim Speed | Best For | Apply |
|---|---|---|---|---|---|---|
Bajaj Bajaj Allianz GI Private Insurer | 98.4% 🏆 | 6,500+ | Fleet specialist | 24–48 hrs | Fleet operators, Transport companies | |
NIA New India Assurance Govt. Insurer | 97.8% | 8,000+ | Govt & large fleet | 48–72 hrs | Govt tenders, state transport | |
ICICI ICICI Lombard Private Insurer | 97.5% | 8,000+ | Large corporate fleet | 24 hrs | Corporate fleets, IT sector cabs | |
HDFC HDFC ERGO Private Insurer | 97.2% | 7,500+ | GCV + LCV specialist | 24–48 hrs | Trucks, LCVs, mixed fleet | |
Tata Tata AIG GI Private Insurer | 96.8% | 7,000+ | Tata vehicle specialist | 24–48 hrs | Tata trucks, Tata buses — best rates | |
SBI SBI General Insurance Govt.-backed | 96.3% | 6,000+ | Small fleet + rural | 48–72 hrs | Small transport operators, rural fleet | |
Shriram Shriram General Insurance NBFC-backed | 96.1% | 4,000+ | GCV / truck specialist | 48 hrs | Truck operators, Shriram Finance customers | |
Royal Royal Sundaram GI Private Insurer | 95.4% | 5,000+ | Taxi + PCV expert | 48 hrs | Taxi aggregators, cab operators |
CSR from IRDAI Annual Report FY 2024-25. Network garage count and claim times are approximate. Always verify current rates with Car Spider advisor. TP premium is IRDAI-fixed — same across all insurers. Compare OD rates for savings.
Every day your vehicle is off-road = lost income. Fast claim settlement is our priority. Here's exactly how the process works.
Fill this form and our commercial vehicle insurance specialist will call you in 30 minutes with quotes from 10+ insurers — for your truck, bus, taxi, delivery van, or entire fleet.
Commercial vehicle insurance expert — not a generic agent. Knows GCV, PCV, fleet, tanker, construction vehicle differences.
We negotiate fleet rates directly with insurers. Our 10,000+ vehicle network gives us leverage for best pricing.
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Our dedicated commercial claim desk gets your vehicle repaired and back on road faster — every claim day costs you money.