Looking For A Tractor Insurance ?

If you are looking to buy Insurance, take your time and read out the list of some common questions we have covered to help you out in choosing the best Insurance.

WHAT IS THE COST OF TRACTOR INSURANCE IN INDIA?

Tractor insurance cost in India 2022. Tractor insurance price is 8179 rupees for agricultural usage and for commercial purpose usage the cost of tractor insurance is 9510 rupees for private carriers and 17647 rupees, for public goods carrying third party insurance for goods carrying vehicle with GVW in 0 to 7500 kgs.

WHICH TRACTOR INSURANCE IS THE BEST?

Comprehensive Insurance Policy is best for tractors as it covers both third party damages,
injuries, deaths, and partial or total losses to tractors in case of an accident, fire, theft or
damages by any external means.

IS BUYING/RENEWING TRACTOR INSURANCE COMPULSORY?

Yes, as per the Motor Vehicle Act, 1988, it is mandatory to buy at least third-party liability insurance for all commercial vehicles whether it is a tractor or some other vehicle.

DOES A TRACTOR INSURANCE ALSO COVER FOR THE DRIVER?

Tractor Insurance is a legal agreement between the insured and the insurer. Under the tractor insurance agreement, the insurer is liable to provide coverage for any kind of unforeseen damage or loss caused to the tractor along with the driver and passengers.

CAN I INSURE ALL MY TRACTORS UNDER ONE INSURANCE POLICY?

No, You cannot ensure all your tractors are under one insurance policy. However, you can get in touch with some companies that offer a customized quote to insure all your tractors are at a reasonable price.

WHAT WILL HAPPEN IF I SELL MY TRACTOR?

If you are selling your tractor, you can transfer your current commercial tractor insurance coverage to the new buyer. The No Claim Bonus, on the other hand, will not be transferred and will remain with you because it is paid to the vehicle owner for not making any claims, not to the insured tractor.