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Tractor Insurance: Buy/Renew Tractor Insurance Policy Online Instantly
Tractors are an important piece of equipment in the Indian agriculture and other industries, and their use poses higher risks. Thus, getting tractor insurance is crucial for safeguarding these machines against accidents and damage and for ensuring smooth and secure operations.
So, here’s a 2025 guide for commercial tractor insurance to help you buy/renew the best tractor insurance policy in India.
What is Tractor Insurance?
- Tractor insurance is a type of commercial vehicle insurance policy designed to protect your tractor that is used for commercial purposes such as agriculture, from any unforeseen damages and losses due to instances such as accidents, collisions, natural calamities, fires or even thefts.
- While a third-party liability policy for tractors only covers for damages to a third-party, a comprehensive insurance for tractors also covers for own damages and losses, thus, giving you and your business just the right amount of coverage you need for your commercial tractors.
How Does Tractor Insurance Work?
Tractor Insurance is a type commercial vehicle insurance that is a contract between you and the insurance company. You pay a small amount as the premium and in turn the insurer provides you with financial protection for your vehicle against damages due to accidents, natural disasters, theft, and other unforeseen events. Here's how it works
Choose a Policy
You choose the type of tractor insurance plan, including the appropriate add-ons that suit your needs and budget
Buy or Renew Policy
As per your chosen tractor insurance plan, you can buy or renew tractor insurance online instantly with Digit
Pay Premium
After purchasing the policy, you have to pay regular payments or tractor insurance premium to the insurance company, either annually or in installments.
File a Claim
File a claim with your insurer and provide the required documents. After damage assessment, the insurer will settle the claim as per the policy terms.
Why Should I Buy Tractor Insurance?
- If you or your organization uses a tractor or multiple tractors for your daily business operations, having at least a third-party liability tractor insurance is mandatory as per the Motor Vehicle Act. This financially covers you from any losses and damage caused to a third-party due to a tractor owned by your business.
- All businesses are prone to risks both big and small. However, if you’re an asset heavy business with several tractors being used for business operations, then getting a tractor insurance is the bare minimum you can do to protect all your tractors from own damages and losses- both to the tractor and the driver-owner itself.
- Insuring your tractor ensures you are protected against unforeseen, hefty losses thus preventing any kind of business downtime that is likely to arise during natural calamities, and fires.
Why Choose Commercial Tractor Insurance by Digit?
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24*7 call facility even on National Holidays
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Smartphone enabled self-inspection processes takes minutes!
Key Features of Tractor Insurance by Digit
What's Covered in Tractor Insurance by Digit?
Accidents
Damages and losses caused to the tractor due to an accident.
Theft
Any damages and losses caused to the tractor in the case of a theft.
Fire
Any damages or losses caused to the tractor in an unfortunate case of fire.
Natural Disasters
Any damages and losses caused to your tractor due to floods, earthquakes and other natural calamities.
Personal Accident
Covers for any personal injuries or death of the owner-driver of the tractor.
Third Party Losses
Covers for losses and damages caused to a third-party vehicle, property or person due to the insured tractor, in the case of an accident or collision.
Towing Disabled Vehicles
Covers for any damages caused to your tractor in cases where it's being towed.
What’s Not Covered in Tractor Insurance by Digit?
It is equally important to know what’s not covered in your commercial tractor insurance policy so that there are no surprises when you make a claim. Here are some such situations:
Own Damages for Third-Party Policy holder
If you’re only going to go for a Third-Party Commercial Insurance for your tractor, then own damages and losses won’t be covered.
Drunk Driving, or Driving Without a valid License
If during a claim, the driver-owner is found to be driving the tractor without a valid driver’s license or under the influence of alcohol then the claim can’t be approved.
Contributory Negligence
Any damages or losses caused to the tractor due to contributory negligence won’t be covered for. For example, if there are existing floods in the city, and one still takes the tractor out.
Consequential Damages
Consequential damages is any damages or losses that aren’t a direct result of an accident, natural calamity or fire can’t be covered for.
Add-ons not Bought
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
Add-ons Covers Available with Tractor Insurance by Digit
Digit offers the following 7 add-ons with the tractor insurance policy to provide enhanced protection for miscellaneous and specialised commercial vehicles.
Consumable Cover
Under consumable add-on you get covered for the cost of your tractor’s bits and pieces, like its nuts and bolts, screws, engine oil, and grease in case of an accident.
Zero Depreciation
This add-on ensures that the depreciation on your tractor and its parts over time is not deducted at the time of claim.
Engine and Gear Box Protect
This add-on covers any consequential damage caused to your commercial tractor’s engine or gearbox after the accident, probably due to water regression or leakage of lubricating oil.
Breakdown Assistance or Roadside Assistance
Breakdown assistance add-on assists you 24x7 in case your tractor faces a breakdown on the road - due to an accident, flat tires, malfunctioning battery, or other factors.
Loss of Revenue
This add-on compensates you for any loss of income that you may face when your tractor is not available and is being repaired due to damage.
Additional Towing Expenses
Under this add-on, you are compensated for the additional expenses incurred when your tractor is being moved from the accident spot to the nearest garage or place of safety.
EMI Protection Cover
If your tractor is damaged in an accident and is getting repaired in a garage, it could cause a loss to your business. So, if your commercial vehicle is on loan, then this add-on will help you pay regular EMIs to the financier of the vehicle recorded with the insurer.
Additional Coverages or Endorsements Available with Trailer Insurance by Digit
You also get optional covers for tractor insurance for enhanced coverage to protect in all circumstances. These include:
- Personal Accident Cover
- Legal Liability Cover
- IMT 23 Cover
- Electrical Accessories Cover
- Non-Electrical Accessories Cover
- Special Exclusions & Compulsory Deductibles Cover
Mayur Kacholiya
Product Head
Tractor Insurance Plans by Digit that Fit Your Needs
Third-Party Plan
Comprehensive Plan
Difference between Third-Party vs Comprehensive Tractor Insurance
Liability Only
Standard Package
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Damages caused by your tractor to any third-party person or property. |
✔
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✔
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Damages caused by your tractor to a third-party vehicle |
✔
|
✔
|
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Loss or damages to own tractor due to natural calamities, fire, theft or accidents. |
×
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✔
|
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Injury/death of tractor owner-driver If the owner-driver doesn’t already have a Personal Accident Cover from before |
✔
|
✔
|
Third Party Insurance Premium for Tractors
Here is the tractor 3rd party insurance price for commercial tractors in India. This tractor insurance price list is fixed by IRDAI.
How to Buy/Renew Tractor Insurance Online with Digit?
Enter Tractor Details
On the Digit App or website, enter car registration number and select the policy status.
Choose a Plan
Select the type of Tractor 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.
What are the Factors Affecting Tractor Insurance Premium?
- Type of Insurance Plan: Your tractor insurance premium price will depend on the kind of plan you choose, like a Liability Only policy will have less premium as compared to Standard Package policy premium.
- Model & Make of the Tractor: The model, make and engine of the vehicle are extremely important in determining the right insurance premium. Therefore, your tractor insurance price will significantly depend on the model and make of your tractor, type of fuel, its manufacturing year and other additional features.
- Location: The place you register and use your tractor also helps decide your tractor insurance premium. For example, in metropolitan cities more traffic leads to more accident rates, leading to a higher premium.
- No-Claim Bonus: If you’ve not made claims in your previous policy years, you can claim a discount on your tractor insurance renewal using the ncb.
FAQs about Tractor Insurance in India
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Content Writer
Storyteller at heart, Manasvi brings 4 years of content and marketing experience to Digit. Whether it's writing SEO-optimised articles or a researched and insightful blog, she strives to transform ideas into creating impactful and engaging content.
Product Head - Motor
Mayur specializes in motor insurance and is responsible for overseeing the development and management of motor insurance products. With expertise in product strategy and market analysis, he focuses on developing customer-centric insurance solutions.