Piaggio Ape Insurance

commercial vehicle insurance
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96% Claim

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Disclaimer:Tata Capital Limited (“TCL”) registered with IRDAI (License No. CA0896, valid till 21-Jan-2027), acts as a Corporate Agent “Composite” for Go Digit General Insurance Limited. Please note that, TCL does not underwrite the risk or act as an insurer. For more details on the risk factors, terms and conditions please read sales brochure carefully of the Insurance Company before concluding the sale. Participation to buy insurance is purely voluntary.

The Registered office of TCL is Tata Capital Limited, 11th Floor, Tower A, Peninsula Business Park, Ganpatrao Kadam, Marg, Lower Parel, Mumbai-400013.
The Registered Office of Go Digit: Go Digit General Insurance Limited, 1st Floor, Fairmont, Hiranandani Business Park, Powai, Mumbai – 400076.
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Piaggio Ape Insurance Price Check & Policy Renewal Online

What is Piaggio Ape Insurance?

Piaggio Ape insurance is a specialized commercial insurance policy designed to protect light commercial vehicles, which are commonly used for commercial purposes such as transporting goods or carrying passengers. 

Piaggio Ape insurance online policy provides coverage against various risks, including accidents, theft, fire, and natural disasters. It also includes third-party liability coverage, which compensates for damages or injuries caused to third parties by the insured vehicle. 

Additionally, Piaggio Ape insurance often comes with personal accident cover for the owner/driver and can be enhanced with add-ons like zero depreciation, engine protection, roadside assistance, and more.

Is Piaggio Ape Insurance Mandatory?

Yes, to legally drive your Piaggio Ape on the Indian roads, having a commercial insurance policy is mandatory as per the Motor Vehicles Act, 1988. You must have at least third-party liability insurance, as it ensures financial protection against damage or injuries caused to third parties in the event of an accident. 
piaggio ape insurance

Why Should You Buy Piaggio Ape Insurance?

Here’s why having a Piaggio Ape insurance online policy is important:

  • Financial Protection: Piaggio Ape insurance has your back as it helps pay for repairs or replacement if your vehicle is damaged in an accident, stolen, or affected by natural disasters. So, you don't have to spend a lot of money out of pocket.
  • Legal Requirement: In India, it is mandated by law to have at least a third-party liability insurance plan. This covers any damage or injuries caused by your vehicle to other vehicles, people, or property.
  • Additional Protection: You can opt for add-ons like zero depreciation, engine protection, and roadside assistance to your policy for enhanced protection of your vehicle in any situation.
  • Peace of Mind: Knowing your Piaggio Ape is insured in unexpected events lets you focus on your work and driving without worrying.
  • Wide Coverage: Insurance policies usually cover damage from fire, theft, and natural disasters, and they also include personal accident coverage for the owner or driver.

Why choose a Piaggio Ape Insurance by Digit?

We treat our customers like VIPs, know how…

Customize your Vehicle IDV

Customize your Vehicle IDV

With us, you can customize your vehicle IDV as per your choice!

24*7 Support

24*7 Support

24*7 call facility even on National Holidays

Super-Fast claims

Smartphone enabled self-inspection processes takes minutes!

Key Features of Piaggio Ape Insurance by Digit

Key Features Digit Benefit
Claim Process Paperless Claims
Customer Support 24x7 Support
Premium Customized as per type of commercial vehicle & number of vehicles to be insured
Additional Coverage PA Covers, legal liability cover, special exclusions and compulsory deductibles, etc.
Damages to Third-Party Unlimited liability for personal damages, up to 7.5 lakhs for property/vehicle damages

What's Covered in Piaggio Ape Insurance by Digit?

Accidents

Accidents

Damages and losses caused to the heavy-duty vehicle due to an accident.

Theft

Theft

Any damages and losses caused to the heavy-duty vehicle in the case of a theft.

Fire

Fire

Any damages or losses caused to the heavy-duty vehicle in an unfortunate case of fire.

Natural Disasters

Natural Disasters

Any damages and losses caused to your vehicle due to floods, earthquakes and other natural calamities.

Personal Accident

Personal Accident

Covers for any personal injuries or death of the owner-driver of the vehicle.

Third Party Losses

Third Party Losses

Covers for losses and damages caused to a third-party vehicle, property or person due to the insured heavy-duty vehicle, in the case of an accident or collision.

Towing Disabled Vehicles

Towing Disabled Vehicles

Covers for any damages caused to your vehicle in cases where it's being towed.

What’s Not Covered in Piaggio Ape Insurance by Digit?

Own Damages for Third-Party Policy holder

In the case of a Third-Party Liability Only Policy, damage to your own vehicle won’t be covered.

drunk and drive

Drunk Riding or without a Licence

If the owner-driver of the claimed vehicle is drunk or driving without a valid licence.

piaggio-ape

Contributory Negligences

Any damage caused due to contributory negligence of the driver (such as driving when there’s an existing flood).

consequential damage

Consequential Damages

Any damage that is not a direct result of the accident/natural calamity i.e., consequential losses like loss of earnings, loss of market, etc.

Piaggio Ape Insurance Plans by Digit that Fit Your Needs

Third-party or Liability Only Plan

A third-party insurance plan covers only third-party liabilities, which include damage or loss to third-party vehicle, property or person caused due to your vehicle. Also, it is mandatory in India to have at least third-party insurance for commercial vehicles. You cannot opt for any add-ons with this policy, and the premium price for a third-party liability policy is fixed by IRDAI.

Comprehensive or Standard Package Plan

Comprehensive commercial vehicle insurance offers overall protection to your Ashok Leyland Dost, including its own damage as well as damage or loss to the third-party. With this Ashok Leyland Dost insurance online policy, you get enhanced protection against injuries, damage, natural disasters, and theft and the option to choose add-ons as well.

Difference between Third Party vs Comprehensive Piaggio Ape Insurance

Liability Only

Standard Package

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How to Buy/Renew Piaggio Ape Insurance Policy with Digit?

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Enter Vehicle Details

On the Digit App or website, enter the vehicle registration number and select the policy status.

Choose a Plan

Select the type of vehicle insurance plan and choose desired add-ons.

Enter Personal Details

Enter your personal, nominee and vehicle details, and move to the next step.

Make Payment

Complete the payment and mandatory KYC verification process.

That's It!

You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.

Rate of Depreciation in Piaggio Ape Insurance

The Insured's Declared Value (IDV) of Piaggio Ape is its market value, which is adjusted for depreciation value of your vehicle as per the below table.

Note that this age-wise depreciation is applicable for only Total Loss/Constructive Total Loss (TL/CTL) claims.

Vehicle Age Depreciation Rate
Not Exceeding 6 months   5% 
Exceeding 6 months but not exceeding 1 year   15% 
Exceeding 1 year but not exceeding 2 years  20% 
Exceeding 2 years but not exceeding 3 years  30% 
Exceeding 3 years but not exceeding 4 years  40% 
Exceeding 4 years but not exceeding 5 years  50% 

What are the Factors Affecting Piaggio Ape Insurance Premium?

Here are some important factors that affect the Piaggio Ape insurance price:

Vehicle Age and Variant

Vehicle Age and Variant

The model of Piaggio Ape and its age can impact the premium. Older vehicles may have lower premiums due to their decreased value, but they might also attract higher premiums if they are more prone to breakdowns. Similarly, expensive models attract higher premiums.

Coverage Type

Coverage Type

The type of insurance coverage you choose (comprehensive, third-party) also influences the premium, as comprehensive coverage usually costs more than third-party coverage because it offers broader protection.

Add-Ons

Additional add-on covers like zero depreciation, engine protection, and roadside assistance also increase the premium as they are available at some additional minimal price.

No Claim Bonus (NCB)

If you haven't made any claims in the previous policy period, you may be eligible for a discount of up to 50% on your premium, in the form of NCB in motor insurance.

Insured Declared Value (IDV)

IDV is the current market price of your commercial vehicle. So, the higher you set the IDV, the higher the premium price.

Location

The area where you mostly drive your Piaggio Ape significantly impacts the premium as well. High-risk areas with higher theft rates or accident frequencies can lead to higher premiums.

Piaggio Ape Variants Available in the Market and their Price

Here is a list of all the Piaggio Ape variants and price list (approximate):

Category Piaggio Ape Variant Ex-Showroom Price (as of January 2025)
Cargo Ape Xtra LDX  ₹2,50,000 
Ape Xtra HT  ₹2,60,000 
Ape Xtra DXL  ₹2,70,000 
Ape Xtra CNG  ₹2,80,000 
Ape Xtra LPG  ₹2,90,000 
Passenger Ape Auto DXL  ₹2,40,000 
Ape Auto+  ₹2,50,000 
Ape City  ₹2,60,000 
Ape City+  ₹2,70,000 
Electric Ape E-City FX  ₹3,00,000 
Ape E-Xtra FX  ₹3,20,000 

FAQs about Piaggio Ape Insurance