Commercial Vehicle Insurance Companies in India

Why Do You Need Commercial Vehicle Insurance?

Commercial vehicle insurance policy provides insurance coverage to vehicles such as trucks, auto-rickshaw, vans, cabs, tractors, school buses, etc. These vehicles are used extensively for transporting goods or passengers, which makes them more vulnerable to road accidents, fire incidents, and damages to the third-party/person/property.

A commercial vehicle insurance provides coverage against losses or damages incurred by an accident, collision, fire, natural calamity, etc. Moreover, having at least a third-party commercial vehicle insurance is also mandatory as per the Indian Motor Vehicle Act.

List of Commercial Vehicle Insurance Companies in India 2025

The table below shows some of the most common commercial vehicle insurance companies in India that offer commercial vehicle insurance plans in India:

Disclaimer: The table mentioned above is according to the alphabetical order of the insurance company. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in

Overview of Commercial Vehicle Insurance Companies in India

Here is an overview of the commercial vehicle insurance companies in India:

1. Bajaj Allianz Commercial Vehicle Insurance

   Bajaj Allianz General Insurance Company is a general insurance provider in India. It is a joint venture of Allianz, SE and Bajaj Finserv. The company got its registration certificate from the Insurance Regulatory and Development Authority of India (IRDAI) in the year 2001 and offers insurance services in almost all general insurance categories including insurance for commercial vehicles.

   Bajaj Allianz commercial vehicle insurance policy is designed to cover the damages and losses incurred to a third-party person or property. To extend the protection, you can opt for comprehensive commercial vehicle insurance and cover damages caused to your own vehicle. The key features of this commercial vehicle insurance plan are:

   • Hassle-free, simple, and quick online purchase and renewal process.
   • Customization available with various add-ons as per the specific business needs, whether the business operates goods-carrying vehicles, passenger transport, or specialized commercial vehicles.Covers damages, death or injury to a third-party person or property.

2. Digit Commercial Vehicle Insurance

   Digit or GoDigit is an emerging general insurance provider in India with its simple-to-understand insurance plans, no hidden clauses, and super simple claim process. The company was awarded as Asia's General Insurance Company of the year in 2019-20. Having presence in health, motor, travel, home, fire, and other types of general insurance policies, , the company also offers commercial vehicle insurance.

   Digit’s commercial vehicle insurance policy is a customized motor insurance plan that provides coverage against damages and losses caused to or by the insured commercial vehicle in an accident, natural calamity, collision, fire, etc. The key advantages that one gets with a Digit commercial vehicle insurance policy are:

   • Customizable policies as per your vehicle type.
   • Fast and simple claim process with paperless process, instant policy issuance, and easy mobile application access.
   • 24x7 customer support facility for claims, renewals, or emergencies.

3. New India Assurance Commercial Vehicle Insurance

   New India Assurance Company is one of the oldest public general insurance providers in India founded in 1919. This government-owned entity offers various types of insurance including insurance for commercial vehicles. The policy provides coverage for accidental damages and third-party liability insurance cover. The key benefits offered under the New India Assurance commercial vehicle insurance policy are:

   • Extensive network and digital accessibility across India.
   • Strong presence in insurance market with it excellent services and long-standing presence.

4. Reliance General Commercial Vehicle Insurance

   Reliance General Insurance Company is one of the leading insurance providers in India. The company has a large customer base including individuals, companies, and SMEs. The company offers insurance solutions for various sectors including health, motor, home, marine, travel, and commercial vehicle insurance. The Reliance General commercial vehicle insurance policy has the following features:

   • Seamless online services such as buying & renewal.
   • Get an extensive list of add-on covers for broader protection, such as zero dep cover, EMI protection cover, Return-to-Invoice (RTI) cover, tools & equipment cover, etc.

5. SBI General Commercial Vehicle Insurance

   SBI General Insurance company is a joint venture between SBI and IAG (Insurance Australia Group). The company caters to various insurance needs of its customers by offering insurance plans in almost all sectors. One such insurance policy is the SBI commercial vehicle insurance policy. The key features of this policy are:

   • Offers various optional coverage for extensive protection.
   • Ensure prompt and hassle-free repairs across India.

6. Shriram General Commercial Vehicle Insurance

   Shriram General Insurance Company is a joint venture of Shriram Capital Limited and South African Firm Sanlam Limited. The company is a preferred insurance partner of IRCTC. With a wide range of general insurance products that cover almost all the industries like motor, home, travel, it also offers commercial vehicle insurance plans. The Shriram General commercial vehicle insurance has the following features:

   • Offers a direct settlement facility at special motor vehicle garages.
   • Hasle-free and quick claim settlement process
   • Enhanced protection cover by its unique add-on covers.
   • Settle claims in three simple steps with 24/7 online support.

7. United India Commercial Vehicle Insurance

   United India Insurance Company is one of the leading public commercial vehicle insurance providers in India. This company is known for offering some of the general and commercial vehicle insurance plans. The key benefits of this policy are:

   • Quick buying and renewal of the policies online.
   • Select and modify policy with the help of various add-ons.
   • The policy offers the facility of towing a commercial vehicle to the nearest repairer in case of a breakdown.

8. Zuno Commercial Vehicle Insurance

   Zuno formerly known as the Edelweiss General Insurance Company is comparatively new in the general insurance sector. Established in the year 2016, it started with the aim that any kind of insurance should be easy and transparent.

   Zuno offers several insurance products from car, health, two-wheeler, to home and commercial vehicles. The commercial vehicle insurance policy offered by this company is designed to provide insurance coverage to both passenger carrying and goods carrying vehicles. The key features of this insurance plan are:

   • Swift claim resolution via SMS/email.
   • Instant policy issuance with minimal paperwork.
   • Add-ons available to tailor your policy.