Best Commercial Car insurance Online in Hyderabad, IndiaBuy or Renew Your Commercial Car Insurance Online in Just 2 Minutes
The best commercial car insurance is a policy required by law in India for any vehicle used for business purposes. Its main job is to protect your business by covering the financial costs if your vehicle accidentally damages someone else's property, vehicle, or causes injury to a person. This insurance is a mandatory safety net for all commercial vehicle owners, ensuring you are covered for these third-party liabilities as required by the Motor Vehicle Act
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The primary feature is that it helps you adhere to the law, saving you from heavy penalties.
It takes care of financial and legal expenses if your vehicle causes injury, death, or property damage to a third party.
Comprehensive plans protect your own vehicle against damage from accidents, fire, and other calamities.
The law requires a Personal Accident (PA) cover for the owner-driver, offering compensation of up to ₹15 lakhs for permanent disability or death.
You can enhance a comprehensive policy with a variety of add-on covers for nearly complete protection.
Insurers offer a significant discount on renewal premiums for every claim-free year, rewarding safe driving.
**Why Do You Need Commercial Car Insurance?** Purchasing a Commercial Car Insurance Policy is a fundamental requirement for any business that operates vehicles. Here’s why it is absolutely essential:
A policy's coverage depends entirely on the type you choose. Here’s a detailed breakdown:
This is the basic, mandatory plan. It covers:
This provides much wider protection. It includes all third-party coverage PLUS:
Choosing the right policy is critical. Here’s a clear comparison to help you decide:
| Third-Party Liability Policy | Comprehensive (Package) Policy | |
|---|---|---|
Damage to Third-Party Vehicle/Property |  Covered |  Covered |
Injury/Death of a Third Party | Covered | Covered |
Damage to Your Own Vehicle |  Not Covered | Covered |
Theft of Your Vehicle | Not Covered | Covered |
Damage from Natural Disasters | Not Covered | Covered |
Damage from Fire or Riots | Not Covered | Covered |
Ability to Add Add-on Covers | Not Possible | Possible |
Premium Cost | Lower | Higher |
Legal Compliance | Fulfills the legal requirement | Fulfills the legal requirement |
Commercial insurance is not one-size-fits-all. It is structured according to the vehicle type:
1
This includes everything from small tempos to large multi-axle trucks. The insurance premium, especially for the third-party component, is heavily dependent on the Gross Vehicle Weight (GVW).
2
This category includes taxis, auto-rickshaws, school buses, and private tour buses. The premium is calculated based on the vehicle's seating capacity.
3
These vehicles have a specific insurance category. The policy covers them for farming activities and for carrying goods.
4
This includes specialized vehicles used for commercial purposes, like cranes, harvesters, etc. Their insurance is based on their specific use and value.
With a comprehensive policy, you can purchase add-ons for enhanced protection. Third-party plans do not allow for add-ons.
Also known as "Nil Depreciation" or "Bumper-to-Bumper" cover. It ensures you receive the full cost of replaced parts without any deduction for depreciation, saving you significant money on repairs.
Standard policies don't cover engine damage due to oil leakage or water entering the engine. This add-on specifically protects the heart of your vehicle, which can be very expensive to repair.
This add-on is a lifesaver if your vehicle breaks down mid-journey. Services include towing, on-site minor repairs, flat tire assistance, emergency fuel, and key replacement.
In the unfortunate event of theft or total loss (where repair costs exceed 75% of the vehicle's value), this add-on helps you get the full original invoice price of the vehicle back, not just its depreciated value.
It is just as important to know what commercial car insurance online policy does not cover:
Insurance does not cover parts that degrade over time with normal use.
Any claim will be rejected if the driver was operating the vehicle under the influence of alcohol or intoxicating drugs.
The claim will be invalid if the driver at the time of the accident did not hold a valid driving license for that class of vehicle.
This refers to indirect losses. For example, if a delivery truck gets into an accident, the insurance covers vehicle damage but not the business loss from the failed delivery.
The policy does not cover breakdowns unless they are a direct result of an accident.
If the accident occurs outside the geographical area specified in the policy, it won't be covered.
How to Get the Cheapest Commercial Insurance?
1
Compare Commercial Car Insurance Online:
2
Install Safety Devices:
3
Avoid Small Claims:
4
Choose a Higher Voluntary Deductible:
5
Renew on Time:
A No-Claim Bonus is a reward given by the insurer for not making any claims during the policy year. In a basic third-party policy, you won't receive any renewal discounts even if you haven't made any claims.
Enter Your Vehicle Details Share your car registration number and basic info like model, fuel type, and variant.
Compare the Best Plans We show you multiple commercial car insurance online options from trusted insurers - all in one place. Compare prices, features, and add-ons.
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Inform your insurance company right after the accident or theft.
For major accidents, third-party injuries, or theft, filing a police FIR is mandatory.
Take clear photos/videos of the damage and the accident scene.
Fill the claim form and submit it with a copy of the policy, RC, driver's license, and FIR.
The insurer's surveyor will inspect the vehicle to assess the damage.
Get the vehicle repaired at a network garage for a cashless experience, or at any garage for a reimbursement settlement.
**Best Commercial car insurance online with BimaStreet is simple, even if you bought it offline before. You can switch and renew your policy online easily through BimaStreet.** - Visit our website https://bimastreet.com/ and enter your vehicle number. - Confirm your details and previous policy information. - Choose your plan (you can switch from third-party to comprehensive). - Add or remove any add-on covers. - Complete the payment, and your renewed policy will be downloaded instantly and shared with your email and WhatsApp.
Buying or renewing insurance from BimaStreet is simple, fast, and can be done from anywhere, anytime.
No need for physical paperwork. The entire process is 100% digital and paperless.
Get your policy document in your inbox as soon as you complete the payment.
We partner only with well-known and reliable insurance providers in India.
We help you compare insurers not just on price, but also on claim service, customer support, and digital experience.
Our team is here to help you at every step, from choosing a plan to assistance during a claim.
If you use a private car for business (e.g., as a taxi) and have only private car insurance, any claim arising from a business-related accident will be rejected. You must have a commercial policy.
IDV is the maximum sum assured fixed by the insurer, which is payable in case of theft or total loss of the vehicle. It represents the current market value of your vehicle.
Yes, you can transfer your NCB from an old commercial vehicle to a new one. However, you cannot transfer NCB between a private car and a commercial vehicle.
GVW is the total weight of the vehicle including the chassis, engine, and the maximum load it is permitted to carry. For goods-carrying vehicles, the third-party premium is determined by the GVW. The premium depends on engine capacity (cc) which varies by model.
Yes, all car owners must have third-party insurance regardless of their driving record. Even if you are a good driver, you cannot control the actions of others on the road or unforeseen events like theft, fire, or natural disasters. Comprehensive insurance protects your valuable asset from these risks.
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Support mail: -
Claim mail: -
For Other Query: -
Phone Number: -
Corporate Office :-
Website approved by IRDA(Govt. of India),
ISNP Ref:
IRDA License Number:
Licensed on:
Valid Upto:
Disclaimer:
© 2026 - All Rights Reserved