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Tractor Insurance
A tractor is an essential part of everyday farming, 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 for farming and agricultural work, this policy covers your tractor and keeps your farming operations running without financial disruption.
PolicyLegit helps you explore tractor insurance options from available insurer partners. Compare eligible policies, understand the difference between third-party and comprehensive insurance, and choose cover that suits your tractor and its usage.
Agriculture Tractor Insurance Price List 2026 (Approximate)
Tractor insurance price depends on the type of policy — Third Party (TP) or Comprehensive (First Party). Third-Party insurance premium is strictly fixed and regulated by the IRDAI, meaning the base price for third-party liability remains identical across all insurance companies in India. Third party premiums are fixed by IRDAI. Comprehensive premiums vary by IDV, tractor age, and insurer.
| Tractor Model | Third Party (1 Year) | Full Insurance |
| Mahindra 265 DI / 275 DI | ₹8,634 | ₹9,500 |
| Swaraj Tractor | ₹8,634 | ₹9,500 |
| John Deere | ₹8,634 | ₹9,500 |
| Eicher, Sonalika, Farmtrac & Massey Ferguson | ₹8,634 | ₹9,500 |
| Related Attachments / Farm Equipment | ₹8,634 | ₹9,500 |
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.
Type of Tractor Insurance?
Third-party (3rd party) price
It covers liability for injury/death of third parties and damage to third-party property caused by your tractor, plus compulsory personal accident cover for the owner-driver as per rules. It does not pay for damage to your own tractor. It is mandatory minimum cover for legal use of a registered tractor as applicable
For eligible agriculture tractors, TP is charged at a flat regulated rate—not by HP
Comprehensive / first-party price
It covers third-party with own-damage cover for your tractor (accident, theft, fire, many natural calamities etc). It is the most recommended cover for tractor.
There is no single full insurance price for every model, two tractors of the same HP can differ if IDV or city differs.
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
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.
Agriculture Tractor Insurance Price – Factors That Affect Your Premium
- IDV (Insured Declared Value)
- Tractor Age
- Engine Capacity (HP)
- City and RTO Zone
- No Claim Bonus (NCB)
- Add-Ons Selected
- Usage Type
Is 1 month tractor insurance available?
Standard motor tractor policies in India are issued for 1 year. Month-to-month tractor insurance is generally not a standard retail product. For cost planning, use the 1-year third-party and 1-year comprehensive figures above, then get an exact quote with your RC number.
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
Agricultural Tractor 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.
Implements, Trolley & Trailer Insurance
Standard tractor insurance focuses on the tractor. Coverage for trolley, trailer, or implements (rotavator, cultivator, etc.) are not automatically coverd in the standard tractor Insurance . Some insurers allow limited cover or separate arrangements. For trolley/trailer-specific needs, check trolley options if use is not pure farm usage.
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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
Coverage Under Tractor 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
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What is the cost of tractor insurance?
A Third-Party (3rd party) agricultural tractor insurance policy costs a mandatory fixed base premium as per IRDAI guidelines, plus 18% GST. A Comprehensive policy (which covers theft, fire, and field damage to your own tractor) starts from approximately ₹3,200 per year depending on your tractor's age and IDV value.
Does tractor insurance price change based on hp?
For pure agricultural use tractors, Third-Party liability rates set by the government do not vary by hp. However, higher HP tractors usually have a higher purchase cost/IDV, which slightly increases the Own Damage (OD) portion of a comprehensive policy.
Is trolley or trailer insurance included in agricultural tractor insurance?
Standard tractor policies cover only the prime tractor unit. If you attach a trailer or trolley for transporting agricultural produce, you must select the Trolley Add-on Cover during checkout to ensure legal protection for the attached trailer.
Can I get insurance for an old or 2nd-hand tractor?
Yes, PolicyLegit provides instant renewal for old, used, and expired tractor insurance policies.
What if my tractor insurance has expired?
If tractor insurance expired you should renew immediately, insurer may require inspection at time of renewal. Do not operate without valid third-party cover where required by law.
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