Auto Rickshaw Insurance Price – Buy/ Renew Three Wheeler Insurance Online
Auto rickshaw insurance is a type of commercial vehicle insurance which provide protection against the damages or loss to three wheeler auto against any accident, theft, fire, natural calamity and other such incidents.
As per the law it is mandatory to posses at least a third party insurance policy for a three wheeler auto rickshaw in India.
Auto rickshaw insurance price
Auto rickshaw insurance price is Rs. 5077+GST for 1 year third party policy while comprehensive or first party insurance costs about 15% more than that of third party premium.
Refer below table for price list or get an exclusive auto rickshaw insurance quote from us now.
Auto Rickshaw Insurance Price List
Most popular auto rickshaws in India & their updated price list
|AUTO RICKSHAW MODEL||PREMIUM|
Factors affecting 3 wheeler auto insurance prices
- Age of the vehicle
- Type of 3 wheeler (e.g. passenger, cargo, auto-rickshaw)
- Engine capacity
- Geographical location and usage pattern
- Type of coverage (e.g. third-party liability, comprehensive)
- Insured declared value (IDV) of the vehicle
- No claim bonus (NCB)
- Add-on covers opted for (e.g. personal accident cover, zero depreciation)
- Driver’s age and driving history
- Claim history of the policyholder
- Anti-theft devices installed on the vehicle
- Insurance provider’s claim settlement ratio and reputation
- Government regulations and mandates regarding insurance coverage for 3 wheeler vehicles.
Types of Auto Rickshaw Insurance Plans
1. Third Party Auto Rickshaw Insurance – In case of any accident, third party policy protects auto rickshaw owner from financial liabilities arising out of damages to third party properties & due to any injury or loss of lives in the accident Third party auto rickshaw policy does not covers the damages to your 3 wheeler auto and one can not claim for the loss of the vehicle with third party policy.
2. Comprehensive Or First Party Insurance – Apart from covering all things as mentioned above in third party policy, comprehensive auto rickshaw policy will also cover the damages to own vehicle in case of any accident, theft, fire or damages to the 3 wheeler auto rickshaw by any external means.
Three wheeler auto rickshaw insurance: Third party vs. comprehensive coverage
|Coverage Type||What is Covered||What is Not Covered|
|Third Party Coverage||1. Liability for third-party injury or death.|
2. Liability for third-party property damage.
|1.Damage to your own vehicle.|
2. Personal injury or medical expenses.
3.Theft, fire, or other non-collision damage.
Damage from natural disasters or weather events.
|Comprehensive Coverage||1. All third-party coverage|
2. Damage to your own vehicle from collisions, theft, fire, or other non-collision events.
3. Personal injury or medical expenses.
4. Damage from natural disasters or weather events.
|Some policies may have exclusions or limits on coverage, such as for high-risk drivers or certain types of damage. It’s important to read your policy carefully and understand the terms and coverage limits.|
Key features of An Auto Rickshaw insurance
|Damages to third party||TPPD cover up to 7.5 lac & Unlimited for liabilities.|
|Accidental Coverage||Up to sum insured.|
|Theft Cover||Included in comprehensive policy.|
|Price||5499 for third party policy|
What’s covered in an auto rickshaw insurance?
Damages caused to or by insured auto rickshaw in an accident are covered in this policy.
Partial and total loss of auto rickshaw because of fire.
Loss of the vehicle due to theft incidents are covered in auto rickshaw insurance policy.
Any damage or total loss of auto rickshaw due to natural calamity such as floods, lightning, storms etc.
THIRD PARTY LOSSES
Up to 7.5 lac third party property damage & unlimited coverage for injury/death of a third party person.
What’s not covered?
Following are the exclusions in a 3 wheeler auto rickshaw insurance policy coverage
• General Wear & Tear
• Any loss or damage to the insured vehicle due to war, invasion or nuclear warfare etc.
• Mechanical or electrical breakdown
• Any loss or damage caused outside the geographical area of coverage as mentioned in the policy.
• Usual depreciation of the value of the vehicle.
• Driving without appropriate driving license.
• Non-accidental losses.
• Any loss occurred to insured vehicle while using the vehicle for racing or any illegal purposes.
• Any losses occurred while drunk driving of an auto rickshaw
How to buy auto rickshaw insurance online
Follow these simple steps to buy or renew insurance for your auto rickshaw online
- Enter auto rickshaw details such as registration number, manufacturing year, sitting capacity to get quotes online.
- Compare from multiple quotes which are available online.
- Select the plan as per your need and proceed to buy.
- Fill up your communication details to receive physical copy of your insurance certificate.
- Download soft copy which will be generated instantly after successful payment.
Auto Rickshaw Insurance Renewal
- Choose a renewal method: Auto-rickshaw insurance renewal can be done through various channels like the insurance company website, mobile app, insurance aggregator website, or by visiting the nearest insurance branch or agent.
- Provide policy details: Provide the details of your existing auto-rickshaw insurance policy like policy number, expiry date, and vehicle registration number.
- Select the insurance plan: Choose the insurance plan that meets your requirements and budget. You can choose from third-party insurance, comprehensive insurance, or standalone own-damage insurance.
- Check and update personal details: Check your personal details like name, address, and contact number provided in the existing policy and update them if required.
- Add-ons: If required, select additional covers or add-ons like zero depreciation cover, engine protection cover, roadside assistance, or personal accident cover.
- Make payment: Pay the premium amount online using a debit card, credit card, net banking, or any other payment method available on the selected renewal platform.
- Receive policy documents: Once the payment is successful, the renewed policy documents will be sent to your registered email address. You can also download or print the policy documents from the insurance company website or mobile app.
- Verify policy details: Carefully read the renewed policy documents to ensure that all the details are correct and match your requirements.
Bajaj auto rickshaw insurance price list
|Model||Ex-showroom Price (Starting from)||Approximate Insurance Price|
|Bajaj RE Compact 2S||Rs. 1.25 lakhs||5986|
|Bajaj RE Optima||Rs. 1.42 lakhs||6142|
|Bajaj RE Maxima||Rs. 1.92 lakhs||6199|
|Bajaj RE Compact 4S||Rs. 1.70 lakhs||6214|
|Bajaj RE City||Rs. 1.98 lakhs||6299|
|Bajaj RE 4S||Rs. 2.00 lakhs||6457|
|Bajaj RE 5S||Rs. 2.24 lakhs||6566|
|Bajaj RE Diesel||Rs. 2.61 lakhs||6600|
|Bajaj RE Electric||Rs. 3.50 lakhs||6698|
Auto rickshaw insurance policies from Bajaj Allianz: Renewal options and benefits
- Bajaj Allianz offers both third-party and comprehensive insurance policies for auto rickshaws.
- Policyholders can renew their auto rickshaw insurance policies online or by visiting a Bajaj Allianz branch office.
- The renewal process is quick and easy, with minimal documentation required.
- Bajaj Allianz offers a no-claim bonus (NCB) to policyholders who do not file any claims during the policy period.
- Policyholders can avail of additional discounts on their insurance premiums by installing safety devices such as anti-theft alarms or GPS trackers in their auto rickshaws.
- Bajaj Allianz provides 24/7 customer support for policyholders, with a dedicated helpline for claims assistance.
- In case of an accident or damage to the auto rickshaw, policyholders can avail of cashless claim settlements at Bajaj Allianz’s network of authorized garages across India.
- Bajaj Allianz also offers add-on covers such as zero depreciation, roadside assistance, and engine protect to enhance the coverage of auto rickshaw insurance policies.
- The policy documents and insurance certificate are sent to the policyholder’s registered email address for easy access and reference.
Shriram auto rickshaw insurance: Features, benefits, and prices
|Coverage Type||Third Party Liability or Comprehensive|
|Third Party Liability Coverage||Covers liability for third-party injury or death|
Covers liability for third-party property damage
|Comprehensive Coverage||All third-party liability coverage|
Covers damage to the insured auto rickshaw from accidents, theft, fire, or other perils
Covers personal accident cover for the driver and passengers
|Add-On Covers||Zero Depreciation Cover|
Engine Protect Cover
Personal Accident Cover for Passengers
Key Replacement Cover
|Premium Discounts||No-Claim Bonus (NCB) for every claim-free year.|
Voluntary Deductible Discount
Anti-Theft Device Discount
Installation of ARAI-approved safety devices
|Cashless Claim Settlement||Available at Shriram’s network of authorized garages across India|
|Claim Settlement Ratio||95.55% (FY 2019-20)|
|24/7 Customer Support||Dedicated helpline for claims assistance|
|Policy Term||1 year or 3 years|
|Starting Price||Rs. 6,499|
Add-On Covers Available For Auto Rickshaw Insurance
Add-on covers improve the level of inclusion of your vehicle protection in exchange for a higher premium. The following are the most common add-on coverage choices provided by the top vehicle insurance packages for auto rickshaws :-
- Zero Depreciation Cover For Auto Rickshaw – In the case of an accident, the depreciation value of your insured auto rickshaw will not be considered, and the insurance provider will reimburse you for the entire cost at the time of claim settlement.
- Engine Protector Cover For Auto Rickshaw – This add-on covers any damage to the vehicle’s engine or/and its parts caused by water ingression, lubricating oil leakage, damage to the hydrostatic lock, and damage to engine parts such as the gearbox, crankshaft, cylinder, connecting rods, pistons, etc.
- Personal Accidents Cover For Auto Driver – It provides coverage to the owner/driver per the norms of the policy.
- Accessories Cover For 3 Wheeler Auto Rickshaw Insurance- The accessories cover add-on will cover your expensive electrical and non-electrical auto rickshaw accessories like music system from loss or damage.
- Roadside Assistance Coverage – With this coverage a professional technician comes to your rescue when your auto rickshaw breaks down in the middle of the street leaving you stranded. It can provide benefits such as – minor repairs, towing services, battery breakdown, fuel delivery etc.
Benefits Of Buying Auto Rickshaw Insurance Online
- Multiple quotes at one place
- Instant comparison of coverage as per your need.
- No Claim Bonus benefit
- Discounted own damage premiums
- Zero depreciation, IMT23, Free roadside assistance add-ons.
Online options for purchasing three wheeler insurance
- Insurance company websites: Most insurance companies in India have their websites, where customers can purchase and renew their three-wheeler insurance policies. Some popular insurance companies in India offering online three-wheeler insurance are HDFC ERGO, ICICI Lombard, Bajaj Allianz, and Tata AIG, Shriram general insurance.
- Insurance aggregator websites: There are also many insurance aggregator websites in India, where customers can compare different insurance policies from various insurers and purchase the best one that suits their needs. Some popular insurance aggregator websites in India are Policybazaar, Coverfox, and InsuranceDekho.
- Mobile apps: Many insurance companies in India have their mobile apps, which customers can use to purchase and renew their three-wheeler insurance policies. These apps are user-friendly and offer features like policy renewal reminders, instant policy issuance, and more. Some popular insurance company mobile apps in India are HDFC ERGO Insurance App, ICICI Lombard Insurance App, and Bajaj Allianz Insurance App.
- E-commerce websites: Some e-commerce websites in India also offer three-wheeler insurance policies along with their other products. Customers can purchase these policies online and get the policy documents delivered to their doorstep. Some popular e-commerce websites in India offering three-wheeler insurance are Amazon, Flipkart, and Paytm.
It’s important to note that while purchasing three-wheeler insurance online, customers should carefully read the policy documents, compare the features and prices of different policies, and choose the one that best fits their requirements and budget.
How to register An auto Rickshaw claim
Steps to file a claim in auto rickshaw insurance policy
- Inform the insurance company about the incident involving your 3 wheeler auto
- The insurance provider will make a physical inspection of your auto rickshaw
- Network garage will make the repair work evaluation.
- The insurer will approve the repair following the repair work at the network garage.
- After repairs, the invoice is submitted to the insurance provider.
- Fill up the claim form and submit all the other required documents.
- The bill will be settled directly with the network garage.
List Of Documents required for the claim
- Copy of Registration Certificate (RC) of three wheeler
- Original loss estimate
- Original repair bill or invoice
- Repair bill payment receipt
- Police FIR (in case of third party liabilities)
- Vehicle’s keys (in case of theft)
- Non-traceable certificate (in case of theft)
Frequently Asked Questions
Auto Rickshaw 1 Year Insurance price is ₹6499 for third party insurance.
Click here to get quotes or buy online
For an auto rickshaw which is used for everyday public transportation, a comprehensive policy is best since auto rickshaws are very much prone to road accidents due to traffic and a comprehensive policy covers losses to third parties as well as your auto rickshaw in the case of an accident.
Step 1. Upload RC or Existing Insurance Copy to check quotes
Step 2. Get Auto Rickshaw quote comparison online.
Step 3. Select the quote as per your need and buy/renew online.
Step 4. Receive/Download the auto rickshaw insurance policy online.
Insurance amount for an auto rickshaw with seating capacity of 3+1 is ₹6311+GST for a third party liability only policy.
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