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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.
Commercial Lorry/Truck Insurance Price & Renewal Online in India
Commercial vehicles such as trucks and lorries are extremely useful in logistics and for transporting goods, which makes it important to secure these commercial vehicles with the best truck insurance policy.
Here’s everything you need to know about buying/renewing insurance of truck in India in 2025.
Table of Contents
What is Truck Insurance?

What is Truck Insurance?
Truck insurance is a type of commercial goods carrying vehicle insurance policy customized to insure trucks that are used within business functions such as for trucks used for delivery purposes, pick-ups and goods transportation, amongst others.
Truck insurance is vital for any business as it financially protects the commercial trucks and lorries from any damage that can be caused due to accidents, collisions, natural calamities, fires, and thefts.
The significant size and weight of trucks and the higher risk of accidents can result in more severe damage and injuries in the event of an accident. So, Digit truck insurance online policy comes with better coverage, more additional endorsements and affordable 6-wheeler truck insurance price.
How Does Truck Insurance Work?
Truck 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 truck insurance plan, including the appropriate add-ons that suit your needs and budget

Buy or Renew Policy
As per your chosen truck insurance plan, you can buy or renew auto rickshaw insurance online instantly with Digit
Pay Premium
After purchasing the policy, you have to pay regular payments or truck 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 You Buy Truck Insurance Online?
Why Should You Buy Truck Insurance Online?
Protects Your Truck Business - If you’re running a business, chances are you have at least one or more trucks as part of your operations. So, having insurance of trucks means your business is protected from any losses that can be caused due to any minor or major accident, collision and even natural calamity. This also means you’ll avoid any possible downtime, maintain a profit margin and can instead spend money on your business growth.
Mandatory by Law - As a mandate by law, it is compulsory to at least have a Liability Only policy in place that protects third parties against any damage and losses that could be caused by your truck. However, given the risks trucks can be faced with, it’s always better to have a standard package policy that will protect your own truck and owner-driver as well.
Ensures Passenger Safety - Get lorry insurance online to ensure the safety of your passengers. You have the option to opt for a passenger cover if you take a Comprehensive Commercial Vehicle Insurance. This won’t only ensure your passengers are protected too but gives you more credibility as a responsible business and/or driver.
Why Choose Commercial Truck Insurance by Digit?
We treat our customers like VIPs, know how…
Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25

Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25
When it came to motor insurance specifically, Digit showcased a high-efficiency Claims Settlement Ratio (CSR), with 96% of motor claims settled seamlessly and we make this simple with:
Smartphone-enabled self-inspection process, with which you can file your claim in minutes!
Cashless Claims at over 9000 garages in India, so you can get your two-wheeler fixed without stress.
Everything digital and paperless. No need for hard copies—just upload everything on our app, and you're all set!
What's Covered in Commercial Truck Insurance?
What’s Not Covered?
It is equally important to know what’s not covered in your commercial insurance policy for truck so that there are no surprises when you make a claim. Here are some such situations:
Add-ons Available with Truck Insurance
Digit offers the following 8 add-ons with the truck insurance policy to provide enhanced protection.
Additional Coverages or Endorsements Available
You also get optional covers for lorry insurance online for enhanced coverage to protect in all circumstances. These include:
Key Features of Truck Insurance by Digit
Third-Party vs Comprehensive Truck Insurance
Liability Only
Standard Package
Damages caused by your truck to any third-party person or property. |
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Damages caused to any third-party person or property by the vehicle being towed by your insured truck. |
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Loss or damages to own truck due to natural calamities, fire, theft or accidents. |
×
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Injury/death of truck owner-driver If the owner-driver doesn’t already have a Personal Accident Cover from before |
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What Our Customers Have to Say about Us
4.7/5
(250K + Customer Ratings)


Digit Motor Insurance in News!
Third Party Premium for Goods Carrying Vehicles – Private Carriers (except 3-wheelers)
Here is the truck insurance price list for third-party policy, which is fixed by IRDAI as of 2024.
How to Buy/Renew Truck Insurance Online with Digit?
Enter Truck Details
On the Digit App or website, enter car registration number and select the policy status.
Choose a Plan
Select the type of Truck 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.
Documents Required to Buy Truck Insurance Online
To buy Digit Truck insurance online, a load of paperwork is not required. Furnish only the following documents to buy a new two-wheeler insurance policy within minutes:
Registration Certificate
Previous Year Insurance Policy
Documents for KYC Verification
How to Download Your Commercial Vehicle Insurance Policy on Digit App?
To download your renewed or already active commercial vehicle insurance policy with Digit, follow the given steps:
Login to Your Acount
Visit the Digit website or app and click on ‘Login’ at the top-right corner. Enter your registered mobile number and verify with OTP.
Visit ‘Active Policies’
Once logged in, navigate to the Active/My Policies section. Here, you can check the policy number, end date & start date.
Download the Policy
Done! You can save, share, print or email the policy for future reference anytime, anywhere.
How to File a Claim & Track Real-time Claim Status through Digit App?
Login
Open the Digit App and go to the "File Motor Claim" option. Login and you'll be directed to the "File Motor Claim" page. Click on the policy card to start claim filing.
Provide Details
Fill in all the details related to the accident and damage to the Auto Rickshaw.
Enter Personal Details
Update your personal details and that's it, your claim is successfully filed, and you will receive the next steps on your email & WhatsApp.
How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter

How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter
At Digit, we believe filing a motor insurance claim should be simple, not stressful. That’s why we’ve built intelligent automation into every step of the process—so you can get back on the road, faster.
- AI That Sees What You See: When you upload a video of the damage through our app, our AI doesn’t just watch—it analyses. Using advanced image recognition, it assesses the extent of the damage, classifies it, and helps determine the next steps. This means quicker evaluations, fewer delays, and a smoother experience for you.
- Automated Document Processing: From inspection reports to claim forms, our AI systems automatically sort and process your documents. This reduces manual effort, minimises errors, and speeds up approvals. And with a human-in-the-loop approach, we ensure every claim is handled with both precision and empathy.
- Automation That Works Behind the Scenes: Our systems also fetch claim details directly from partner platforms, eliminating the need for repetitive data entry. Whether it’s Bulk Policy Issuance or real-time claim registration, automation helps us move faster—so you don’t have to wait.
69% Motor Repair Work Approvals Done within 12 Hours

69% Motor Repair Work Approvals Done within 12 Hours
In H2 FY25, our average vehicle repair approval time was 15 hours and 36 minutes, with 69% of approvals completed within 12 hours. Only 7.47% of cases experienced longer wait times, typically due to complex assessments or the need for additional documentation, highlighting our commitment to minimising delays and maximising efficiency.
Rest assured, we carefully monitor every step to ensure your vehicle is back on the road as swiftly as possible!
Digit Settled 9.16 Lakh Claims with 99.9950% Accuracy in FY'25
The below data is for all the products as given in the table below.
Ombudsman Complaints for FY 2024-25
The below information is a summary of escalated claim cases reviewed by the Hon’ble Ombudsman in FY 2024–25.
Disclaimer: ^This data pertains to cases reported to various offices of the Hon’ble Insurance Ombudsman. Customers have the option to approach the Consumer forum as well; #Only includes complaints arising from claims. The company had a total of 11 complaints arising from non-claims, i.e., policy-related grievances (5 won, 2 settled, 1 lost, and 3 outstanding). One non-claim complaint where the decision went in favour of the complainant is not included in the numerator while calculating claims accuracy.
What Types of Trucks are Insured in Truck Insurance Online?

What Types of Trucks are Insured in Truck Insurance Online?
All trucks used for commercial purposes can be covered under Digit’s Commercial Vehicle Insurance. These trucks can be broadly classified into the following:
- Mini Trucks: Mini trucks are one of the smallest types of trucks available. Commonly used for commercial, hyperlocal and local pickups such as the famous Ashok Leyland Dost you may have often seen on Indian roads.
- Light Trucks: Light trucks are types of trucks commonly used to transport goods from one city to another. For example, a lot of e-commerce players in the market today often use light trucks for daily transportation.
- Medium Trucks: As the name suggests, medium trucks are slightly bigger than your usual pickup trucks a.k.a light trucks. These trucks are usually used for transportation of larger goods such as furniture, garbage dumps, etc.
- Off-Road Trucks: Off-road trucks are heavy duty trucks used mainly for car towing and construction purposes.
Is It Necessary to Buy Commercial Truck Insurance for my Business?

Is It Necessary to Buy Commercial Truck Insurance for my Business?
Yes, according to the Motor Vehicle Act, it is mandatory for all vehicles to at least purchase a Liability Only policy, one that protects and covers for financial losses in case your truck causes damages and losses to a third-party vehicle, property or person. Without a basic truck insurance in place, none of your trucks will be legal to drive around India.
However, owing to the huge size and frequent use of trucks, a Standard Package Policyis the best for truck-business owners, that will not only protect third-party damages but also cover for losses caused to one’s truck and the owner-driver.
How to Choose the Best Truck Insurance?

How to Choose the Best Truck Insurance?
Given the number of options available today, it is important to pick an insurance that is simple, reasonable, protects and covers you and your business in all possible situations and most importantly, guarantees to settle claims as soon as possible. After all, that’s the most important part of insurance!
Here are a few tips that will help you pick the right insurance for your truck:
- Right Insured Declared Value (IDV): IDV is the manufacturer’s listed selling price of the commercial vehicle you want to insure. Your premium will be dependent on this. While looking for the right truck insurance online, make sure your IDV is stated correctly.
- Service Benefits: Consider services such as 24x7 Customer Support and a Wide Network of Cashless Garages, among others. In times of need, these services matter.
- Review Add-Ons: While picking the right commercial insurance for your truck, consider the add-ons available to ensure maximum benefits.
- Claim Speed: It’s the most important aspect of any insurance. Pick an insurance company you know will settle claims quickly.
- Best Value: From the right premium and after services to claim settlements and add-ons; pick a motor insurance that conveniently covers everything you think you will need at the best possible value.
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How to Compare Commercial Truck Insurance Quotes Online?
How to Compare Commercial Truck Insurance Quotes Online?
It can be tempting to pick the cheapest truck insurance available. However, while comparing commercial vehicle insurance quotes, consider factors such as service benefits and claim settlement periods.
Depending on your type of vehicle, trucks used for commercial purposes can be prone to a lot of risks.
Therefore, weighing in important factors is important to ensure your vehicle and business are safeguarded against all the odds:
- Service Benefits: Great services really matter in times of trouble. Make sure to evaluate services each insurance company is offering and make a sound choice accordingly. Some of the services Digit offers are 24x7 Customer Care Support and Cashless Garages among other services.
- Quick Claim Settlement: The whole point of insurance is to get your claims settled! So, make sure you pick an insurance company that will guarantee quick claim settlements. Most of Digit’s claims are settled within 30 days! Additionally, we have a zero-hardcopy policy, which means we only ask for soft copies. Everything is paperless, quick and hassle-free!
- Check your IDV: A lot of insurance quotes online will have a low IDV (Insured Declared Value), i.e. the manufacturer's listed selling price. While the IDV affects your premium, it also makes sure you get your right claim at the time of a settlement. The last thing you want during a theft or damage is to find out your IDV was low/at the wrong value! At Digit, we give you the option to set your IDV while buying your truck insurance policy online.
- Best Value: Finally, pick a truck insurance that gives you a fair combination of it all. The right price, services and of course, quick claims!
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What Factors Affect Truck Insurance Premium Price?

What Factors Affect Truck Insurance Premium Price?
Model, Engine & Make of the Truck: When it comes to any kind of motor insurance, the model, make and engine has a big role to play in determining the right truck insurance price! Similarly, your make, model and manufacturing year of the truck too will have an impact on your truck insurance premium.
Type & Purpose of Truck: There are a variety of trucks businesses use for different purposes. Your truck insurance premium could range on different scales, depending on the type of truck and its purpose. For instance, a goods carrying truck will have a higher insurance premium than that of a small pick-up truck. This is because a goods carrying truck would be larger and liable on the value of goods it carries.
Location: The location of your truck will obviously have a huge role to play in deciding your truck insurance premium. So, whether your truck is registered and will operate in a metropolitan city, hilly area or a small city. All these factors would be considered in deciding your truck insurance premium.
No-Claim Bonus: If you’ve already had truck insurance before and are currently looking to renew your policy or get a new insurer- then in this case your no claim bonus will also be considered, and your premium will be at a discounted rate! A No-Claim Bonus means the insurer hasn’t had a single claim in the previous policy term.
Type of Truck Insurance Policies: Your truck insurance premium will depend on the kind of plan you choose. While the compulsory, liability only plan comes with a lesser premium- it only covers third-party damages or losses caused to a third-party and personal accident of the owner-driver. Whereas a standard package policy may be higher in premium but would also cover damage and losses to our own truck and its driver respectively.
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