Every commercial vehicle on Indian roads needs at minimum a third-party (TP) policy — it's the law (Motor Vehicles Act). But just-the-minimum is rarely the right choice for a working truck.
The two options explained
Third-party only:
- Covers damage you cause to others
- Does NOT cover your own truck
- Cheapest: ₹6,000 to ₹15,000/year typical
- Mandatory for all CVs
Comprehensive:
- TP + own-damage cover (theft, collision, fire, natural disasters)
- Add-ons: zero-dep, engine protection, roadside assistance, driver cover
- ₹20,000 to ₹50,000+/year depending on vehicle value
The math for a ₹8L Tata Ace
| Scenario | TP only | Comprehensive |
|---|---|---|
| Annual premium | ₹9,000 | ₹28,000 |
| Total over 5 years | ₹45,000 | ₹1,40,000 |
| Replacement if totaled | ₹8,00,000 loss | ₹50,000 deductible |
Even one collision in 5 years pays back the comprehensive premium 8×.
When TP-only makes sense
- Vehicle older than 10 years (low book value)
- Low-risk corridor (warehouse → single delivery point)
- Truck parked overnight in secured area
When you must go comprehensive
- Vehicle under 7 years old
- Inter-state operation
- Driver hired (not owner-driven)
- Loan EMI outstanding (lenders require it)
Renewal hack
Switch insurers every renewal — 10-20% discount for new customers is standard. Compare insurance quotes here →.