Piaggio Ape Insurance

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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

piaggio ape insurance

Since Piaggio Ape is a widely used light commercial vehicle, ensuring that it is financially and legally protected in unfortunate situations is very crucial, since your business might depend on Piaggio Ape. 

In 2025, getting a Piaggio Ape insurance online policy has become more convenient than ever, thanks to online platforms, which also allow you to do Piaggio Ape insurance renewal online with just a few clicks. 

Additionally, you can further enhance your Piaggio Ape insurance coverage with add-ons and know everything here to stay protected and drive with peace of mind!

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.

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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.

Add-ons Covers Available with Piaggio Ape Insurance by Digit

Here are the add-ons available with Digit for commercial insurance policy that offer enhanced protection for Piaggio Ape:

Zero Depreciation Cover icon

Zero Depreciation Cover

As vehicles age their parts naturally wear out, leading to a decrease in value over time, known as depreciation. Typically, this depreciation amount is deducted during settlement, reducing your payout at the time of claim. However, with the Zero Depreciation add-on, the depreciation amount is not deducted, ensuring you receive a higher claim amount. This add-on is particularly beneficial for new or relatively new vehicles, as it covers the full cost of parts without considering depreciation.

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Breakdown Assistance or Roadside Assistance

The Piaggio Ape is frequently used for long-distance transportation, making it more susceptible to breakdowns from accidents, flat tires, or battery issues. So, in situations Breakdown Assistance add-on helps by offering 24/7 support, ensuring that help is always available when you need it most. Whether you're stranded on a remote road or in the middle of a busy city, this add-on offers peace of mind by providing immediate assistance, including towing, minor repairs, and emergency fuel delivery.

Engine and Gear Box Protect icon

Engine and Gear Box Protect

Even though commercial vehicles like the Piaggio Ape are built with robust engines, they can still suffer damage from accidents, water ingress, or oil leakage. The Engine and Gear Box Protect add-on covers the cost of repairs or replacement of these critical components, safeguarding you from significant expenses.

Consumable Cover

Consumable Cover

A Consumable Cover goes beyond standard insurance by covering the cost of consumable items such as nuts, bolts, screws, engine oil, and grease that may need repair or replacement due to an accident. These small but essential parts are often not covered in regular Piaggio Ape insurance policy, but with this add-on, you can ensure that all aspects of your vehicle are covered, minimizing out-of-pocket expenses for such repairs.

Additional Towing Expenses

Additional Towing Expenses

In the event of an accident, your Piaggio Ape may need to be towed to a garage for repairs, which can incur additional costs. In such a situation, this add-on covers these costs, ensuring that your vehicle is safely transported from the accident site to the nearest garage or a safe location without any financial burden on you. This add-on is particularly useful for commercial vehicles driven frequently in remote or less accessible areas.

Loss of Revenue icons

Loss of Revenue

Loss of Revenue add-on is crucial for businesses that rely heavily on their vehicles for daily operations, ensuring that your business remains financially stable even when your vehicle is out of commission. So, if your Piaggio Ape is undergoing repairs due to damage, this add-on compensates you financially for any income lost during the repair period. 

EMI Protection Cover

EMI Protection Cover

The EMI Protection add-on helps cover the regular EMIs to the financier if your vehicle, which is taken on a loan, is damaged in an accident, resulting in a business loss. This add-on ensures that you are financially protected even when your vehicle is not generating income. It's an essential cover for businesses that have financed their vehicles and want to avoid defaulting on their loan payments.

debris

Debris Removal Expenses

This add-on covers the costs associated with cleaning up and removing debris, wreckage, or transshipping goods from your insured Piaggio Ape if it suffers accidental damage or loss. The compensation is provided up to the Sum Insured you have chosen. 

Return to Invoice Cover icon

Return to Invoice

The return to invoice cover compensates you in case the insured passenger carrying Piaggio Ape suffers a total loss or constructive loss or is stolen, in the form of payment for a new vehicle at the prevailing ex-showroom price. However, exactly same make, model, variant is discontinued Company’s Liability will be limited to the difference between the last available ex-showroom price and claim payable under OD section of the Base Policy.

Key and Lock Replacement icon

Key and Lock Replacement

Available only for passenger-carrying Piaggio Ape variants, the key and lock replacement cover compensates you for the cost incurred to get the vehicle’s locks and keys replaced, installing a new lockset etc., if the insured vehicle’s lockset needs to be replaced or the keys are misplaced and lost.

Additional Coverages or Endorsements Available with Piaggio Ape Insurance by Digit

You also get optional covers for Piaggio Ape insurance online for enhanced coverage to protect in all circumstances. These include: 

  • Personal Accident Cover
  • Unnamed PA Cover
  • Legal Liability Cover
  • IMT 23 Cover
  • Electrical Accessories Cover
  • Non-Electrical Accessories Cover
  • Special Exclusions & Compulsory Deductibles Cover

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