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Auto Rickshaw Insurance
Auto rickshaw insurance is a mandatory commercial vehicle insurance policy designed for 3 wheeler / three wheeler vehicles used for passenger transport, logistics, delivery, and small businesses across India. Whether you own a Bajaj RE, Piaggio Ape, TVS King, or Mahindra Treo (electric / e), having the right auto rickshaw insurance policy protects you from legal, financial, and operational risks.
At PolicyLegit, you can check, compare, and buy auto rickshaw insurance online at a low premium from top national and private insurance companies.
Auto Rickshaw Insurance Plans#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.
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The 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
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The 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
What is Commercial Vehicle Insurance?
A Commercial Vehicle Insurance is a motor insurance policy to cover for damage and loss caused to and by a commercial vehicle. Owner of the vehicle and driver who drives the vehicle. This could include damage and losses in situations as accident, collisions, fires, theft, natural calamities, etc. it is mainly for all type of business to buy a commercial vehicle insurance for their vehicles, such as for auto rickshaws, cabs, pickups, trucks, tractors, school buses, commercial vans, jcb, harvester and amongst other.
Auto Rickshaw & Related Models – Insurance Price List
Auto rickshaws are a vital part of urban and semi-urban transport in India. Used for passenger services, last-mile delivery, and commercial transport, they require proper insurance to protect drivers, passengers, vehicle, and daily earnings.
With frequent city operations and high-risk exposure, Auto Rickshaw insurance is crucial for financial security and legal compliance.
Auto Rickshaw Insurance – Approximate Price List (India)
Bajaj RE / Maxima / Classic
1st Year Premium: ₹6,500 – ₹9,500
Renewal (with NCB): ₹4,000 – ₹7,500
Piaggio Ape / City / Xtra
1st Year Premium: ₹7,000 – ₹10,500
Renewal (with NCB): ₹4,500 – ₹8,000
Mahindra Alfa / Max / Jeeto Rickshaw
1st Year Premium: ₹7,500 – ₹11,500
Renewal (with NCB): ₹5,000 – ₹9,000
Electric Auto Rickshaw
1st Year Premium: ₹8,000 – ₹12,500
Renewal (with NCB): ₹5,500 – ₹9,500
Related 3-Wheelers / Cargo Rickshaws
1st Year Premium: ₹7,000 – ₹13,000
Renewal (with NCB): ₹4,500 – ₹10,000
Note: Final premium depends on vehicle type, IDV, city, fuel type, age, add-ons, NCB, and insurer selection.
What Is the Main Reason for Auto Rickshaw Insurance?
The primary reason to buy Auto Rickshaw insurance is:
To protect your vehicle, passengers, driver, and daily earnings from financial loss due to accidents, theft, third-party liabilities, and natural calamities.
Auto rickshaws operate in crowded city streets and semi-urban areas, where even minor accidents can lead to costly repairs, injury claims, and business downtime.
Types of Auto Rickshaw Insurance Policies Available
Third-Party Liability Insurance
- Mandatory as per Motor Vehicles Act
- Covers injury, death, or property damage to third parties
- Does not cover damage to your own rickshaw
Comprehensive Insurance (Highly Recommended)
- Covers third-party liability + own vehicle damage
- Covers accidents, fire, theft, floods, natural disasters
- Ideal for auto rickshaw owners providing daily commercial services
Standalone Own-Damage Insurance
- Covers only damage to your auto rickshaw
- Requires active third-party insurance
Add-Ons / Riders for Enhanced Protection
- Zero Depreciation Cover
- Engine & Gearbox Protection
- Roadside Assistance
- Passenger Liability Cover
- Return to Invoice
- Electrical / Battery Protection (for e-autos)
Add-ons slightly increase premium but greatly reduce out-of-pocket expenses during claims.
Auto Rickshaw Insurance Price – Premium & Cost Factors
Key Factors Affecting Insurance Cost
- IDV (Insured Declared Value)
- City / RTO Zone
- Vehicle Age & Fuel Type (Petrol / CNG / Electric)
- No Claim Bonus (NCB) – Up to 50% discount
- Commercial Usage Type (Passenger / Cargo)
- Add-ons & Coverage Selected
- Claim History & Driver Profile
Why Buy Auto Rickshaw Insurance Online from PolicyLegit?
Instant Quote Comparison
Compare multiple insurers instantly and choose the best premium.
Affordable Pricing
Online purchase reduces agent commission costs.
Customised Coverage
Choose add-ons according to your daily operations and routes.
Renewal Alerts
Avoid policy lapse and protect your NCB.
100% Digital & Paperless
Instant policy issuance and secure online payment.
Claim Assistance
PolicyLegit supports you through the entire claim process.
Auto Rickshaw Insurance Renewal – Simple Online Process
Renew your Auto Rickshaw insurance in 5 easy steps:
- Enter your vehicle number
- Compare renewal quotes instantly
- Select coverage & add-ons
- Make secure online payment
- Download renewed policy instantly
Renew before expiry to avoid inspection delays, penalties, and NCB loss.
Renew Your Auto Rickshaw Insurance on Time
Policies should be renewed through the official PolicyLegit website or by contacting our support team to avoid policy lapse and higher renewal cost.
Commercial Vehicle Insurance
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:
- Trucks
- Vans
- Trailers
- Buses
- Taxies
- Coaches
- Carriers
- Shovels
- Tractors
- Cranes
- Mobile rigs
- Bulldozers
These commercial vehicles transport goods within the city/cities and from one state to another, as well as for intercity passenger tours and travel.
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 Auto Rickshaw 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. 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
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
What is comprehensive and third-party policy in terms of commercial vehicle?
In commercial vehicle insurance a third-party insurance covers any damage to a third party that is except your vehicle, and the driver. On the other hand, a comprehensive policy covers the insured vehicle itself (including damage or loss due to accidents, fire, theft, natural events, etc.) as well as third-party liabilities.
What is a passenger carrying vehicle?
A passenger carrying vehicle is a commercial vehicle which charges passengers for the privilege of driving them - often in the form of buses or coaches. Examples are buses, vans, taxis and the like.
What is meant by Goods carriage vehicle?
A goods vehicle is a commercial road vehicle used for transporting goods. These may include trucks, lorries, pick-up vans, tempos and so forth.
What is a miscellaneous and special vehicle type?
Vehicles, which can not be easily placed into the groups of "passenger taking" or "goods taking" vehicles are classified as miscellaneous and special vehicles. Considering a case of the same, such vehicles may comprise ambulances, cinema vans, special purpose vehicles (SPVs), construction site vehicles and/or similar types.
My commercial truck has been in an accident, what should I do?
If your commercial vehicle gets into an accident:
- Engine off (if safe) and make sure all persons are well guarded.
- Assess for injuries and call medical help if required.
- Photograph/videotape the accident scene: vehicle damage, road conditions, skid marks, etc.
- Inform the police (Log an FIR if necessary – in particular where there is injury to a third-party or damage to property).
- Contact your insurance company promptly (you may only have 24-72 hours to report) and go through their claim procedure.
- Have all relevant documents in place: Vehicle registration, policy papers, driving licence, FIR/incident report and photos.
How to get the mobile van repaired in case of damage for my commercial vehicle?
You can have the vehicle serviced at a workshop at any of your insurer’s authorised or network garages (which typically tie-up for cashless claims). If the car is not drivable, have it towed in accordance with your policy. It is a good idea to check with your auto insurer before you start major repairs, to prevent the denial of a claim.
Tata Ace insurance
