Description
Auto rickshaw insurance price
Auto rickshaw insurance price is Rs. 5773+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
| 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 |
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
- 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.
- 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
| Key Features | Benefits |
| 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 | 5773+Gst for third party policy |
What’s covered in an auto rickshaw insurance?
ACCIDENTS
Damages caused to or by insured auto rickshaw in an accident are covered in this policy.
FIRE
Partial and total loss of auto rickshaw because of fire.
THEFT
Loss of the vehicle due to theft incidents are covered in auto rickshaw insurance policy.
NATURAL CALAMITY
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
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.
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
What is the price for an auto rickshaw insurance?
Auto Rickshaw 1 Year Insurance price is ₹5773+GST for third party insurance.
Which insurance is best for an auto rickshaw?
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.
How to renew three wheeler policy online?
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.
How much is auto rickshaw insurance amount?
Insurance amount for an auto rickshaw with seating capacity of 3+1 is ₹5773+GST for a third party liability only policy.
