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Agriculture Tractor Insurance
Agriculture tractor insurance is a dedicated policy that protects farmers and farm operators from financial loss caused by accidents, theft, fire, and natural calamities. Whether you own a Mahindra, John Deere, Sonalika, Massey Ferguson, New Holland, Eicher, or Farmtrac tractor used purely for farming and agricultural work, this policy covers your tractor and keeps your farming operations running without financial disruption.
This page is for tractors used exclusively for farm and agricultural purposes. If your tractor is registered commercially and used for road transport or goods hauling, see our Commercial Tractor Insurance page instead.
Commercial Vehicle Insurance Plans starting#1
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Claim Benefits
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
#1 Insurance premiums shown are indicative and vary by vehicle type, age, city, add-ons, and insurer. Third-party premiums are IRDAI-regulated and uniform across all insurers. Policylegit does not endorse any specific insurer or product. Plans shown are from Policylegit's insurer partners. For the complete list of IRDAI-registered insurers, visit www.irdai.gov.in
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Vehicle Insurance
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#1 Insurance premiums shown are indicative and vary by vehicle type, age, city, add-ons, and insurer. Third-party premiums are IRDAI-regulated and uniform across all insurers. Policylegit does not endorse any specific insurer or product. Plans shown are from Policylegit's insurer partners. For the complete list of IRDAI-registered insurers, visit www.irdai.gov.in
Agriculture Tractor & Related Models – Insurance Price List
Agriculture tractors are the backbone of Indian farming and allied activities. Used for ploughing, sowing, harvesting, irrigation, and material transport, these tractors are critical for farm productivity and income generation.
Proper insurance protects farmers, operators, and agricultural operations from financial risks such as accidents, theft, breakdowns, and natural calamities.
Whether you are searching agriculture tractors for sale near me, best small tractor price, compact tractor cost, new holland tractor price, john deere 5620, mahindra 275 di, massey 7250, 3037 nx, 3230 tx, 6090, 6510, 308lsa, 1060, 3032, 175 mtx, 9010 model, 26 hp, 39 hp, 40 hp, 45 hp, 50 hp, 60 hp, 65 hp, 85 hp, 90 hp, 120 hp, 200 hp tractors, insurance is equally important.
Whether you operate Mahindra, John Deere, Massey Ferguson (MF), New Holland, or any tractor, insurance is equally important and it ensures smooth farming operations like:
- Ploughing
- Tillage / Tilling
- Cultivating
- Harvesting
- Paddy cutting
- Planting
- Field preparation
- Transport across farm land and steep hills
- Vineyard and orchard work
Even for homestead, little farm, large scale commercial farm, forest clearing, land preparation, insurance is a must have protection.
Agriculture Tractor Insurance Price List 2026 (Approximate)
Agriculture tractor insurance price depends on the type of policy — Third Party (TP) or Comprehensive (First Party) — and the tractor's engine capacity (HP). Third party premiums are fixed by IRDAI. Comprehensive premiums vary by IDV, tractor age, and insurer.
| Agriculture Tractor Model | Third Party (1 Year) | Full Insurance |
| Mahindra 265 DI / 275 DI | ₹7,325 – ₹8,614 | ₹8,980 – ₹15,000 |
| Mahindra 275 DI Power+ / 585 DI | ₹7,325 – ₹8,614 | ₹8,980 – ₹15,000 |
| JJohn Deere / Escorts / Eicher Tractors | ₹7,325 – ₹8,614 | ₹8,980 – ₹15,000 |
| Heavy-Duty / Utility Tractors | ₹7,325 – ₹8,614 | ₹8,980 – ₹15,000 |
| Related Attachments / Farm Equipment | ₹7,325 – ₹8,614 | ₹8,980 – ₹15,000 |
Note:Final premium depends on IDV, vehicle age (new / used / second hand / pre owned), fuel type (diesel / electric), usage type (agriculture / transport / industrial), city, add-ons, and insurer selection. Premium cost may vary in the market depending on tractor price, down payment, discount offers, servicing history, mileage, bonnet condition, headlight condition, PTO usage, loader/backhoe fitment, and field working conditions.
What Is the Main Reason for Agriculture Tractor Insurance?
The primary reason to buy Agriculture Tractor insurance is:
To protect your tractor, driver, farm, land, and cultivation operations from financial loss caused by accidents, theft, breakdown, natural calamities, and third-party liabilities.
Since tractors operate daily in fields, steep hills, forest land, vineyards, and rural roads, even minor incidents can cause costly repairs and disruption of farming cycles.
For modern farmers using autonomous, driverless, robotic, RTK-based precision farming tractors, hybrid tractors, methane-powered, hydrogen-powered, electric tractors, protection is even more important.
What Does Agriculture Tractor Insurance Cover?
Third Party (TP) Insurance — Mandatory
Third party insurance is compulsory under the Motor Vehicles Act for all tractors operated in India. It covers:
- Legal liability for accidental death or bodily injury caused to a third person
- Damage caused to a third party's property by your tractor
- Personal accident cover for the owner-driver (up to ₹15 lakh)
Third party insurance does not cover any damage to your own tractor.
Comprehensive Insurance / First Party Tractor Insurance — (Recommended)
Comprehensive insurance — commonly called first party insurance — provides complete protection for your tractor. It covers everything included in TP insurance plus:
- Accidental damage to your own tractor
- Theft or total loss of the tractor
- Damage from fire or explosion
- Flood, cyclone, earthquake, and other natural calamities
- Damage during transit by rail, road, or inland waterway
Standalone Own Damage (OD) Insurance
This policy covers only damage to your own tractor and does not include third party liability. It must be purchased alongside an active TP policy.
Add-Ons for Enhanced Protection
Add-ons can be attached to a Comprehensive policy to increase coverage:
- Zero Depreciation Cover — claim the full repair cost without depreciation deduction
- Engine and Gearbox Protection — covers internal engine damage
- Roadside Assistance — help on the spot in case of breakdown
- Consumables Cover — covers nuts, bolts, oils, and engine fluids during repairs
- Return to Invoice — get the original invoice value in case of total loss
- Operator / Paid Driver Personal Accident Cover
Agriculture Tractor Insurance Price – Factors That Affect Your Premium
Several factors determine the final premium you pay:
- IDV (Insured Declared Value)
- Tractor Age
- Engine Capacity (HP)
- City and RTO Zone
- No Claim Bonus (NCB)
- Add-Ons Selected
- Usage Type
Why Buy Agriculture Tractor Insurance Online from Policylegit?
Instant Quote Comparison: Compare premiums from 20+ IRDAI-approved insurers side by side in under 2 minutes.
Lowest Online Premium: Buying directly online eliminates agent commission, which means you get the same policy at a lower effective cost.
Choose Your Coverage: Select only the add-ons you need based on your tractor type, usage, and budget.
100% Digital and Paperless: Your policy is issued instantly and delivered to your registered email and WhatsApp. No physical documents required.
NCB Protection Alerts: We remind you to renew before expiry so your No Claim Bonus is never lost.
Claim Support: Our team provides end-to-end claim assistance — from filing the claim to settlement.
How to Buy Agriculture Tractor Insurance Online
Buying agriculture tractor insurance on Policylegit takes under 2 minutes:
- Enter your tractor's registration number or select your tractor brand and model manually
- Enter the manufacturing year, HP, and city of registration
- Compare Third Party and Comprehensive quotes from multiple insurers on screen
- Select the plan and add-ons that suit your budget and farming needs
- Pay securely online via UPI, net banking, or card — your policy is issued instantly
Agriculture Tractor Insurance Renewal
Renewing your tractor insurance before the policy expiry date protects your No Claim Bonus and avoids a mandatory inspection of your tractor. If your policy has lapsed, a physical inspection may be required before renewal.
To renew: enter your tractor's registration number on the quote form above, compare renewal quotes, select your plan, and pay online. Your renewed policy is available for download immediately.
Coverage Under Commercial Vehicle Insurance
- Losses due to riots, strikes, natural calamities such as earthquakes, hurricanes, cyclones, etc, are covered
- Damages to the vehicle arising out of fire, self-ignition and explosion
- Partial or total loss to the insured vehicle due to theft, housebreaking, and burglary
- Loss or damage caused to the third-party property, vehicle, bodily injuries and death of the third person.
- Damages arising out of road accidents or collisions are also covered.
- Wear and tear/depreciation of the commercial vehicle.
- Losses incurred during a civil war, nuclear perils.
- Contractual liabilities of the owner/driver of the insured commercial vehicle are also not covered.
- The occurrence of an accident while driving with an invalid driving license or under the consumption of alcohol.
- Using a vehicle in accordance with 'limitations as to use', for instance, a private car is used as a taxi.
- Electrical and mechanical breakdown, breakage or failure of the insured vehicle.
List of Agriculture Tractor Commercial Vehicle Insurance Companies in India 2026
Following is the list of general insurance companies that offer commercial vehicle insurance:
| Insurer Name | Passenger Carrying Vehicle Insurance | Goods Carrying Vehicle Insurance | Miscellaneous Vehicle Insurance |
| Bajaj Allianz Commercial Vehicle Insurance | No | Yes | No |
| Godigit Commercial Vehicle Insurance | Yes | Yes | Yes |
| New India Assurance Commercial Vehicle Insurance | Yes | Yes | No |
| Reliance General Commercial Vehicle Insurance | Yes | Yes | Yes |
| SBI General Commercial Vehicle Insurance | Yes | Yes | Yes |
| Shriram General Commercial Vehicle Insurance | Yes | Yes | No |
| United India Commercial Vehicle Insurance | Yes | Yes | No |
| Zuno Commercial Vehicle Insurance | Yes | Yes | No |
*Disclaimer: The table mentioned above is according to the alphabetical order of the insurance company. Policylegit 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 Policylegit. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Explore More Under Commercial Vehicle Insurance
- Commercial Vehicle Third Party Insurance
- Commercial Vehicle Insurance Companies
- Tractor Insurance
- Truck Insurance
- Pick Up Van Insurance
- School Bus Insurance
- Goods Carrying Vehicle Insurance
- Passenger Carrying Insurance
- Auto-Rickshaw Insurance
- E-rickshaw Insurance
- Bus Insurance
- Tempo Traveller Insurance
- Trailer Insurance
- Tipper Insurance
- Heavy Truck Insurance
- Tanker Insurance
- Bulker Insurance
- Taxi Insurance
Compare Live Quotes from 20+ Leading IRDAI-Registered Insurers
Running a logistics fleet, managing independent transport routes, or operating specialized machinery on Indian roads requires constant compliance and absolute peace of mind. At PolicyLegit, we make securing your commercial vehicle insurance fast, highly affordable, and 100% digital.
Whether you operate light goods carriers like the Mahindra Bolero Pickup and Tata Ace, heavy-duty multi-axle cargo trucks, passenger-carrying school buses, or specialized JCB excavators, you can instantly compare competitive premium rates in under 2 minutes. Tap into the lowest market prices, unlock critical commercial add-ons, and download your legally compliant digital policy instantly.
Select Your Commercial Vehicle Category for Specialized Rates
Goods Carrying Vehicles
- Sub-categories: Light Pickups, Tempos, Mini-Trucks (Tata Ace, Bolero Maxitruck), Tippers, Multi-axle Logistics Trucks, and Lorries.
- Primary Focus: Complete financial safety with vital IMT 23 endorsements and zero-depreciation coverage for high-frequency hauling routes.
Passenger Carrying Vehicles
- Sub-categories: Cabs, Taxis, Auto-rickshaws, E-rickshaws, Private Shuttles, and Educational Institution/School Buses.
- Primary Focus: Robust liability coverage paired with mandated Personal Accident (PA) covers for paid drivers, conductors, and traveling passengers.
Specialized & Miscellaneous Machinery
- Sub-categories: Agricultural Tractors, Cranes, JCB Excavators, Road Rollers, Harvesters, and Transit Concrete Mixers.
- Primary Focus: Asset-heavy damage protection and third-party liabilities customized to industrial, mining, and agricultural operations.
Keep Your Business Rolling Without Interruption
Unlike private auto policies, commercial vehicle insurance carries deep operational implications. A single off-road event can freeze your supply chain or result in severe regulatory fines.
When you buy or renew your policy online with PolicyLegit, you secure institutional-grade benefits:
- Significant Tax Savings (GST Benefit): As per the latest regulatory guidelines, third-party insurance for goods carriage is taxed at a reduced rate of just 5% GST (down from 12%). All other comprehensive policies attract a standard 18% GST. Ensure you submit your firm’s valid GSTIN during checkout to claim your full Input Tax Credit (ITC) and slash your tax liabilities.
- Immediate Cashless Repair Access: Instantly tap into our network of 5,000+ authorized commercial workshops and garages across India for priority turnaround times.
- Spot Damage Claim Settlements: Get your light goods vehicles back on the road rapidly with spot claim settlements of up to ₹ 50,000 for minor accidents.
- Up to 50% No Claim Bonus (NCB) Transfer: Transferring your policy from another insurer? Keep up to your 50% accrued No Claim Bonus discount to heavily lower your renewal premium.
Commercial vehicle insurance applies to a wide range of vehicles, including:
- Trucks, lorries, trailers, tippers, and haulers
- Light commercial vehicles such as Tata Ace and pickup vans
- Taxis, cabs, PHVs, limousines, and rental cars
- Buses, minibuses, staff buses, and passenger coaches
- Auto-rickshaws, e-rickshaws, and three-wheelers
- Courier and delivery vehicles
- Tractors, cranes, bulldozers, and mobile construction equipment
- Specialized vehicles like hazmat carriers, caravans, campervans, and RVs
Coverage eligibility depends on registration type and usage, not brand or model alone.
Types of Vehicles insured in Commercial Vehicle Insurance Policy
Commercial vehicles are an essential mode of transportation and are heavy-duty vehicles used daily to carry out tasks. Some of the most common commercial vehicles are:
These commercial vehicles transport goods within the city/cities and from one state to another, as well as for intercity passenger tours and travel.
Types of Commercial Vehicle Insurance Policies
Majorly two types of commercial vehicle insurance policies are offered in India. These include:
Third Party (TP) Liability Commercial Vehicle Insurance Policy
The Indian Motor Vehicle Act of India has mandated commercial vehicle owners to purchase at least a third-party (TP) liability insurance. A TP policy protects damages caused to any third party property or person. It also provides financial coverage for third party injuries or deaths and also compensates for third-party property damage caused due to the insured commercial vehicle. Since commercial vehicles are heavy-duty vehicles carrying goods that increase their weight, covering them under third party commercial vehicle insurance is an utmost priority.
Comprehensive Commercial Vehicle Insurance Policy
Comprehensive commercial vehicle insurance offers an enhanced protection to your vehicle under any unforeseen circumstances. A comprehensive plan provides protection not only against third party liabilities but also your own commercial vehicle from uncertainties such as accidental damages, fire, theft, flood, earthquake, etc.
Secure Your Commercial Policy Online in Less Than 2 Minutes
Avoid heavy road traffic penalties, vehicle impounding, and NCB loss. Follow our streamlined process to buy or renew your insurance:
- Enter Vehicle Particulars: Input your commercial registration number (e.g., MH-12-XX-XXXX) or select "Brand New Vehicle" to auto-fetch official RTO vehicle variables.
- Compare Premium Matrices: Instantly scan side-by-side quotes from 20+ top non-life insurance partners in India. Filter by budget, IDV, or specific cashless garage locations.
- Choose Key Add-on Safeguards: Fortify your asset with necessary commercial riders like Zero Depreciation, Engine Protection, and IMT 23 (which covers lamps, tires, tubes, mudguards, and bumpers).
- Instant Checkout & WhatsApp Delivery: Complete your safe payment online via UPI, Credit/Debit cards, or NetBanking. Your legally active policy is instantly dispatched directly to your registered email and WhatsApp.
Coverage Under Commercial Vehicle Insurance
- Losses due to riots, strikes, natural calamities such as earthquakes, hurricanes, cyclones, etc, are covered
- Damages to the vehicle arising out of fire, self-ignition and explosion
- Partial or total loss to the insured vehicle due to theft, housebreaking, and burglary
- Loss or damage caused to the third-party property, vehicle, bodily injuries and death of the third person.
- Damages arising out of road accidents or collisions are also covered.
- Wear and tear/depreciation of the commercial vehicle.
- Losses incurred during a civil war, nuclear perils.
- Contractual liabilities of the owner/driver of the insured commercial vehicle are also not covered.
- The occurrence of an accident while driving with an invalid driving license or under the consumption of alcohol.
- Using a vehicle in accordance with 'limitations as to use', for instance, a private car is used as a taxi.
- Electrical and mechanical breakdown, breakage or failure of the insured vehicle.
List of Commercial Vehicle Insurance Companies in India 2026
Following is the list of general insurance companies that offer commercial vehicle insurance:
| Insurer Name | Passenger Carrying Vehicle Insurance | Goods Carrying Vehicle Insurance | Miscellaneous Vehicle Insurance |
| Bajaj Allianz Commercial Vehicle Insurance | No | Yes | No |
| Godigit Commercial Vehicle Insurance | Yes | Yes | Yes |
| New India Assurance Commercial Vehicle Insurance | Yes | Yes | No |
| Reliance General Commercial Vehicle Insurance | Yes | Yes | Yes |
| SBI General Commercial Vehicle Insurance | Yes | Yes | Yes |
| Shriram General Commercial Vehicle Insurance | Yes | Yes | No |
| United India Commercial Vehicle Insurance | Yes | Yes | No |
| Zuno Commercial Vehicle Insurance | Yes | Yes | No |
*Disclaimer: The table mentioned above is according to the alphabetical order of the insurance company. Policylegit 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 Policylegit. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Frequently asked Questions for Commercial Vehicle Insurance
What is the difference between Comprehensive and Third-party policy in Commercial Vehicle Insurance?
A third party insurance covers in commercial vehicle insurance only paid drivers, owner drivers if opted and to others who got injured or damaged from your vehicle like human or property.
What is a Passenger carrying vehicle?
Commercial passenger carrying vehicles help people transport from one place to another. Examples of this include public and school buses, cabs and taxis.
What is a Goods carrying vehicle?
Goods carrying vehicle is used to carry goods to transport from one place to another, it can be private use for business or public goods such as Pick-up trucks and lorries.
What is considered a miscellaneous and special vehicle category?
Vehicle is not used for passenger and goods carrying like crane and tractor and harvester like all machines considered under this category.
What should I do if my commercial vehicle gets into an accident?
You can directly call in the emergency number if any injury or in damaged condition you can call to the insurer contact number mentioned on your policy paper.
Where can I repair my commercial vehicle in case of damages?
Either you can go anywhere if you do not want any cashless facility or you can go to the insurer tie-up service centre where you can get cashless service and get your vehicle.
Explore More Under Commercial Vehicle Insurance
- Commercial Vehicle Third Party Insurance
- Commercial Vehicle Insurance Companies
- Tractor Insurance
- Truck Insurance
- Pick Up Van Insurance
- School Bus Insurance
- Goods Carrying Vehicle Insurance
- Passenger Carrying Insurance
- Auto-Rickshaw Insurance
- E-rickshaw Insurance
- Bus Insurance
- Tempo Traveller Insurance
- Trailer Insurance
- Tipper Insurance
- Heavy Truck Insurance
- Tanker Insurance
- Bulker Insurance
- Taxi Insurance
