Tata ACE Insurance
Tata ACE insurance is a type of commercial vehicle insurance plan which protects the insured from financial losses arising out of loss of vehicle or damage due to any accident, fire hazards, theft or any kind of manmade or natural calamity.
At policymeter, our expert motor insurance professionals have written this comprehensive guide to Tata ACE Insurance. We are committed to providing accurate and up-to-date information to help you make informed decisions about your insurance needs.
Tata ACE Insurance Price
The Tata Ace insurance price is based on the type of policy you choose, the coverage you want, and the value of your vehicle.
The following are the approximate Tata Ace insurance prices for 2023:
- Third-party liability only policy: Rs. 8,432 + GST
- Comprehensive policy: Rs. 14,999 + GST
The third-party liability only policy covers damages caused to third parties by your vehicle, such as property damage and personal injury. The comprehensive policy covers damages to your own vehicle, as well as damages caused to third parties.
The exact Tata Ace insurance price you will pay will depend on your individual circumstances. To get an accurate quote, you can compare quotes from different insurers online.
Here are some of the factors that can affect the price of your Tata Ace insurance:
- The age of your vehicle
- The mileage on your vehicle
- The make and model of your vehicle
- The location where you live
- Your driving history
- The type of coverage you choose
You can reduce the cost of your Tata Ace insurance by taking steps to improve your driving record, such as avoiding accidents and traffic violations. You can also get discounts for things like safety features, anti-theft devices, and good driving records.
It is important to compare quotes from different insurers before you buy Tata Ace insurance. This will help you to find the best policy for your needs and budget.
The prices mentioned on this page are based on the IRDA’s new rate list of 2023, which can be verified from their official website. Our team of experienced insurance experts has analyzed these prices to help you understand the costs of insuring your Tata ACE.
Key features Of Tata ACE Insurance
| Key Features | Benefits |
| Third Party Risk Coverage | TPPD cover up to 7.5 lac & Unlimited for liabilities. |
| Accidental Coverage | Driver and liability cover, Own Damage. |
| Theft Cover & Own Damage | Included in comprehensive policy. |
| Models Covered | Tata Ace Gold, Tata Ace Zip, Tata Ace Mega, Chota Hathi, Tata ACE HT. |
| Price | 15750 Rupees For Third Party Insurance |
Compare Tata ACE Insurance Prices
We are providing a detailed comparison of Tata ACE Insurance prices to help you find the best deal for your needs.
| Model | Variant | Insured Declared Value IDV (INR) | Insurance Cost (INR/year) |
|---|---|---|---|
| Tata Ace Gold | CX | 4,41,000 | 16822 |
| LX | 4,66,000 | 16945 | |
| Ht | 4,75,000 | 17042 | |
| Tata Ace High Deck | Ht | 4,81,000 | 17124 |
| Tata Ace Zip XL | Cargo | 3,91,000 | 16499 |
| Diesel | 4,05,000 | 16600 | |
| Tata Ace Mega XL | XL | 4,68,000 | 16585 |
| CNG | 5,17,000 | 17145 | |
| Tata Ace Super | BS-IV | 4,09,000 | 16650 |
| BS-VI | 4,63,000 | 16875 | |
| Tata Ace Chota Hathi | BS-IV | 3,92,000 | 16542 |
| BS-VI | 4,08,000 | 16633 |
What Are The Types Of Tata ACE Insurance Plans
There are two types of commercial vehicle coverage policy available online for tata ace –
1. Third Party Insurance – This type of commercial vehicle insurance plan covers any third party liabilities stemming from damages caused by insured vehicle to other people or properties at the time of accident.
2. Comprehensive Or First Party Insurance – Apart from covering all things as mentioned above in third party policy, comprehensive insurance will also cover the damages to own vehicle in case of any accident, theft or fire or damage to the vehicle by any external means.
Amount Details – 16999 onwards
Comparison Of Third party vs first party insurance
| COVERAGE | THIRD PARTY INSURANCE | FIRST PARTY INSURANCE |
| Coverage amount for third party property damage | Up to Rs. 7.5 Lac | Up to Rs. 7.5 Lac |
| Coverage amount for third party death/injuries in any accident | Unlimited | Unlimited |
| Protection Against Own Vehicle Damage | Nil | Up to Sum Insured |
| Vehicle Theft | Not Covered | Covered |
| Fire | Not Covered | Covered |
| Manmade calamities like riots | Not Covered | Covered |
| Natural calamities like floods, earthquakes, storms, lightening or thunder | Not Covered | Covered |
| Price | 15750+GST | 16500+GST Onwards. |
How Does This Policy Protects Your Tata ACE?
It Secures Your Vehicle At The Time Of Accidents
If your commercial vehicle is involved in an accident then any damage that occurs, will be covered for your vehicle if you have comprehensive insurance and any damage to other vehicle will be covered under third party insurance.
Reimbursement Benefits For Damages Due To Fire Hazards
Tata ACE commercial vehicle insurance provides you coverage against the loss due to fire in the vehicle, whether it be a total loss of the vehicle or partial loss of the vehicle due to fire.
Provides Claims If Your Vehicle Is Stolen
Tata ACE Car Insurance provides coverage against the loss of the vehicle in case of theft.
Protects Your Tata ACE From Losses Due To Natural Calamities
Any partial or total damage to automobile in case of any natural disaster such as lightning, flood, storm etc is always covered in this plan.
Cover Financial Liabilities Of Third Parties Involved.
- Third party properties are covered up to 7.5 lac.
- Liabilities of third party deaths/injuries in accident are covered in this policy.
What is not covered in tata aCE insurance?
We have compiled a list of exclusions that are not covered under Tata ACE Insurance to help you understand the limitations of this policy.
Followings are the Conditions when your tata ace policy does not provide coverage to your vehicle
- Unethical Driving: If during making a claim, the driver-owner is found to be driving the bus under the influence of alcohol or without a valid driving license then your Tata Ace won’t be covered.
- Consequential Loss: In case of any loss/damage, which is a direct result of a certain action by the insured or the third party. For example, driving the vehicle in the land slide or the rain or in a flooded locality, leading to the damage of the engine or any other parts of Tata Ace.
- Own Damages for Third-Party Policy holder: If you’re only going for a Third-Party Commercial Insurance for your Tata Ace, then act of deliberate damage and losses won’t be covered.
- Routine Wear and Tear: Any damage or loss that your Tata Ace incurs because of a known cause such as damaged gear box or damaged engine because of leakage for a long time won’t be covered.
- Depreciation and breakdowns: Depreciation of the vehicle, mechanical and electrical breakdowns will not be covered.
- State of War: Any damage or loss incurring to your Tata Ace due to war, civil war, mutiny and so on won’t be covered.
General Exclusions Of This Insurance
- Any accidental loss or damage and/or liability caused, sustained or incurred outside the geographical area as covered in tata ace policy certificate.
- Any claim arising out of any contractual liability.
- Damages sustained or incurred whilst –
(a) being used otherwise than in accordance with the ‘Limitations as to Use’ in tata ace insurance policy schedule
or
(b) being driven by or is for the purpose of being driven by him/her in the charge of any person other than a Driver as stated in the Driver’s Clause. - Any accidental loss or damage to any property whatsoever or any loss or expense whatsoever resulting of any consequential loss.
Top 3 Factors Which Affects Tata ACE Insurance Premium
- GROSS WEIGHT OF VEHICLE – Third party premium for tata ace insurance is fixed as IRDA decides Goods Carrying Vehicles third party insurance price on the basis of their GWV which means Gross Weight of Vehicle. For all vehicles upto 7.5 ton the premium is 8432 plus GST for private goods carrier and 15746 plus GST for public goods carrier. All tata ace variants has gross weight under 7.5 ton so the price is fixed as mentioned above in 2021.
- IDV VALUE – IDV refers to Insured Declared Value and is the maximum sum assured fixed by the insurer that is offered in case of theft or total loss of a vehicle. In short, IDV is the current market value of your vehicle.
- NO CLAIM BONUS DISCOUNT – No Claim Bonus or NCB is a reward given by an insurance company to an insured for not raising any claim requests during a policy year. The NCB discount is offered on the premium amount during renewal.
Tata ACE Insurance Premium Calculator
Follow these 3 simple steps to calculate premium for your tata ace with easy to use online calculator
- Enter Vehicle Registration No. & Click On Get Quotes
- Select the applicable reg. date, no claim bonus & sum insured.
- Include any add-ons you want & click on calculate to get the updated price.
You can also use following formula to calculate premium for your tata ace instantly
Tata ace premium = (Own Damage Premium + Third Party Premium)+Applicable GST
Why Do One Need To Insure Tata ACE?
- Mandatory under the Motor Vehicle Act in India to have at least a third-party commercial insurance policy to protect against damages and losses
- Failure to have insurance may result in a fine when caught
- Commercial vehicle insurance policy provides coverage against unforeseen circumstances that may damage your Tata Ace
- The insurance policy covers damages caused by a third-party or yourself
- Tata Ace insurance policies also provide protection for the driver-owner and any paid driver
- The insurance policy covers any bodily injury or death that may occur.
Add-On Covers Available In Tata ACE Insurance Policy
- Zero Depreciation Cover
- IMT 23 Cover
- Paid Driver Cover
- Owner Driver Cover
- Cover to Other Employees Such as Conductor or Coolie
- No Claim Bonus Protection Cover
Benefits Of Buying Tata ACE Insurance Policy Online
There are multiple of benefits when it comes to buying insurance online for any commercial vehicle in India. Here is the list of top 5 benefits you get on buying your tata ace insurance online –
- Transparent Premiums Breakups
- Comparison of Multiple Insurance Company Quotes
- Clear Communication of Coverage Provided Before Buying Insurance
- 24/7 Customer Helplines for Claim Support
- Timely Renewal Reminders to Keep Your Vehicle Always Protected
How To Buy Tata ACE Insurance online
Time needed: 5 minutes
Follow these steps to buy tata ace insurance online
- Enter Vehicle Registration Details & Get Quotes Online
Check your rc to enter correct vehicle registration details such as registration number, engine number, chassis number & date of first registration of the vehicle. After entering, multiple quotes as per your vehicle details will show up online
- Compare best price & coverage as per your need.
Choose from listed third party & comprehensive insurance plans for your tata ace and select the one you want to buy.
- Provide communication details to receive policy copy.
Enter your phone, email to receive soft copy of your policy schedule and address to receive hard copy of your policy schedule.
- Make payment online to download policy.
After entering above details you will be required to complete payment online for which multiple payments such as UPI, credit card, debit card & EMI options will be shown.
After making payment you will be able to download policy instantly. You can also check your email afterward to print your policy copy at later stage.
Tata ACE Insurance Renewal Online
To renew your tata ace policy online you can follow these simple steps –
- Share renewal notice received from your current insurer or you can also just provide your existing policy copy.
- If you have made any claim with existing insurer you need to mention it before you get quotes online.
- Get the quote from all the companies and select the best one as per your budget and features required.
- Make payment online for the selected plan & download soft copy instantly. You can request for hard copy of your policy schedule if you need one.
How To Check If Your Tata ACE Insurance Policy Details Are Correct?
- Visit or download the mParivahan app from the Google Play Store
- Enter your Tata Ace registration number
- Provide the last 5 digits of the engine and chassis number for verification
- Keep a copy of your RC handy while using the mParivahan app or any RTO app applicable for your region to check your commercial vehicle insurance for Tata Ace.
Tata ACE Insurance Claim Process
Claim process for commercial vehicles in India is pretty much effortless these days after introduction to self inspection survey apps launched by many insurance companies in India.
Follow these simple steps to file a claim in your tata ace policy.
For Self Help Claims By Video Apps.
- Install Video Inspection App from play store or from your insurer’s official website.
- Do a through video inspection of the damaged area of the vehicle.
- Upload & Submit to claim processing team. Also keep a copy of video for your own references.
- Insurance company will verify the damages within 24-48 Hours & Inform you about the approval or rejection of the same.
For Offline Claims –
- Inform your insurance company on their official claim support number to intimate the claim for damages.
- Insurance company will assign a claim surveyor who will make a visit to asset & verify the damages for which you have raised a claim.
- After verification by surveyor, Insurance company will inform you about the total claim amount which will be reimbursed to you if you get the vehicle repaired from your side or it can be settled to a authorized cashless garage if you have registered your claim through them.
Documents Required
To file an insurance claim for your Tata Ace commercial vehicle, make sure to keep the following documents handy:
- Policy Schedule
- Filled claim form
- Vehicle Registration certificate and Driving license
- Fitness certificate
- Load Challan
- Tax Slips
- Original Insurance copy. (Print of soft copy is also valid)
- Aadhar Card
- Route Permit
- First Information Report copy
Details Of Depreciation Amount Charged At The Time Of Claim
While making a claim in tata ace policy, Insured is required to pay some depreciation amount from their end. The amount of depreciation which insured will have to pay as per parts is mentioned below
- For all rubber/nylon/plastic parts, tires, tubes, batteries and air bags – 50%
- For fiber glass components – 30%
- For all parts made of glass – Nil
Rate of depreciation for all other parts of tata ace including wooden parts will be as per the following table
| Age of vehicle | percentage of depreciation |
| Not exceeding 6 months | 0 |
| Exceeding 6 months but not exceeding 1 year | 5 |
| Exceeding 1 year but not exceeding 2 years | 10 |
| Exceeding 2 years but not exceeding 3 years | 15 |
| Exceeding 3 years but not exceeding 4 years | 25 |
| Exceeding 4 years but not exceeding 5 years | 35 |
| Exceeding 5 years but not exceeding 10 years | 45 |
| Exceeding 10 years | 50 |
List Of Companies offering tata ACE Insurance
Here is the list of companies with higher probability of providing better discounted premiums for your tata ace
- Godigit
- Reliance
- Acko
- Tata Aig
- ICICI Lombard
- HDFC ERGO
- Bajaj Aliianz
- Magma HDI
- New India Assurance
- Iffco Tokio General Insurance
Frequently Asked Questions
If you use your Tata Ace for private goods carrying purposes, the insurance amount you need to pay is 8432 Rupees. However, if you are in the business of public transport of goods, then the Tata Ace insurance price for a liability only third party policy is 15746 Rupees in 2022.
Tata ace zip insurance cost for a liability policy cover for one year is 16050 Plus Taxes if its used for carrying public goods.
Chota hathi tempo insurance price is 15746+GST in Mumbai. The price includes liability coverage for 1 year period.
Tata ace insurance amount details –
Net Premium for basic liability – 16099 Rs.
Paid Driver Liability Coverage Charge – 50 Rs.
GST @12% for + GST @18% For other – 1934.88
Final Amount – 18034 Rs.
For 2011 or 2012 model tata ace third party insurance price is 16049 including GST online for private goods carrying.
Cost of commercial tata ace first party insurance is 17000 Rs. online for 2011 & 2012 year models.
The risks covered by this Third-Party policy include:
Death or injury to a third-party.
Damage of third-party property.
Third party insurance rate is 15750+GST for tata ace & first party insurance rate is approximately 16000 to 17000 Rs Online.
In the event of the insured vehicle being disabled by any loss or damage covered under Section I of the policy, the insurance company will pay for the cost of towing the insured vehicle to the nearest authorized garage. This is in addition to the amount covered in Section I of the policy, subject to a maximum amount as specified in the schedule. However, for the insurance company to provide this benefit, You must submit proof of the expenses incurred.
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