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Passenger Bus Insurance
Passenger Bus Insurance is a specialised commercial vehicle insurance policy created to safeguard passenger buses and people-moving services from financial and legal risks. It offers protection against road accidents, fire, theft, natural disasters, passenger injuries, and third-party liabilities.
Whether you operate a route bus, shuttle service, charter bus, tour bus, church bus, Volvo coach, luxury bus, double-decker, or even a preserved vintage bus, having the right insurance policy is critical for legal compliance, passenger safety, and uninterrupted business operations.
Passenger Bus 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.
Passenger Bus & Related Models – Insurance Price List
Passenger buses are critical for public transport, intercity travel, corporate shuttles, and tourism services. Proper insurance ensures protection for the vehicle, passengers, driver, and operator against financial losses, legal liabilities, and operational interruptions.
Buses operate in high-density traffic, long routes, and diverse road conditions, making insurance essential to avoid costly repairs, third-party claims, and downtime.
Passenger Bus Insurance Approximate Price List (India)
Model / Type: Mahindra Passenger Bus Mini / Midi
Approx. 1st Year Premium: ₹20,000 – ₹35,000
Renewal (with NCB): ₹14,000 – ₹28,000
Model / Type: Tata Starbus / LPO / LP 709
Approx. 1st Year Premium: ₹22,000 – ₹38,000
Renewal (with NCB): ₹16,000 – ₹30,000
Model / Type: Ashok Leyland Viking / Jan Bus
Approx. 1st Year Premium: ₹25,000 – ₹40,000
Renewal (with NCB): ₹18,000 – ₹33,000
Model / Type: Volvo / Eicher / Other Passenger Bus Models
Approx. 1st Year Premium: ₹30,000 – ₹55,000
Renewal (with NCB): ₹22,000 – ₹45,000
Model / Type: Related Long-Distance / Intercity Buses
Approx. 1st Year Premium: ₹28,000 – ₹50,000
Renewal (with NCB): ₹20,000 – ₹40,000
Note: Final premium depends on IDV, passenger capacity, vehicle age, city, add-ons, NCB, and insurer selection.
What Is the Main Reason for Passenger Bus Insurance?
The primary reason to buy Passenger Bus insurance is:
To protect the bus, driver, passengers, and operator from financial loss due to accidents, fire, theft, natural disasters, or third-party liabilities.
Passenger buses carry multiple passengers daily, making insurance essential for legal compliance, safety, and uninterrupted transport services.
Types of Passenger Bus Insurance Policies Available
Third-Party Liability Insurance
- Mandatory under Motor Vehicles Act
- Covers injury, death, or property damage to third parties
- Does not cover your own bus
Comprehensive Insurance (Highly Recommended)
- Covers third-party liability + own bus damage
- Covers accidents, fire, theft, natural disasters, and riots
- Ideal for high-capacity passenger buses
Standalone Own-Damage Insurance
- Covers only damage to the bus
- Requires active third-party insurance
Add-Ons / Riders for Enhanced Protection
- Zero Depreciation Cover
- Passenger Liability Cover (All Passengers)
- Engine & Gearbox Protection
- Roadside Assistance
- Consumables Cover
- Return to Invoice / Replacement Cost
Add-ons slightly increase premium but significantly reduce out-of-pocket expenses during claims.
Passenger Bus Insurance Price – Premium & Cost Factors
Key Factors Affecting Insurance Cost
- IDV (Insured Declared Value)
- Passenger Capacity / Seating
- City / RTO Zone
- Vehicle Age & Model
- No Claim Bonus (NCB) – Up to 50% discount
- Policy Coverage & Add-ons Selected
- Claim History & Driver Profile
Why Buy Passenger Bus Insurance Online from PolicyLegit?
Instant Quote Comparison
Compare multiple insurers instantly.
Affordable Pricing
Online purchase avoids agent commission costs.
Customised Coverage
Select add-ons according to passenger capacity, routes, and service type.
Renewal Alerts
Protect your NCB and avoid policy lapse.
100% Digital & Paperless
Instant policy issuance and secure online payment.
Dedicated Claim Support
End-to-end assistance for faster claim settlement.
Passenger Bus Insurance Renewal – Simple Online Process
Renew your Passenger Bus insurance in 5 easy steps:
- Enter your bus registration 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.
PolicyLegit.com – Smart Insurance for Smart Transport Businesses.
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 Passenger Bus 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
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