Tractor insurance
1. Coverage Options
Comprehensive Coverage: Protects against damage to the tractor, theft, natural disasters, and third-party liability.
Third-Party Liability: Covers damages caused to other vehicles, property, or individuals in the event of an accident involving the tractor.
2. Benefits
Cashless Claim Facility: Access to a network of authorized service centers for hassle-free, cashless repairs.
Personal Accident Cover: Offers coverage for the driver and passengers in case of an accident.
24/7 Roadside Assistance: Provides support in emergencies like breakdowns.
3. Add-On Covers
Zero Depreciation Cover: Ensures that claims are settled without deductions for depreciation.
Engine Protection: Covers damage to the engine due to specified risks like water ingress.
Goods in Transit Insurance: Additional coverage for goods being transported using the tractor.
4. Premium Calculation
The premium is determined by factors such as the tractor's make and model, its age, usage type, and the level of coverage selected.
5. Claim Process
Filing a Claim: Involves submitting a claim form along with necessary documents (registration, driver’s license, accident report) either online or at a local office.
Documentation Requirements: Proper documentation is essential for a smooth claims process.
6. Exclusions
Common exclusions may include wear and tear, mechanical failures, and damages incurred while driving under the influence.
7. Renewal Process
Tractor insurance can typically be renewed online, ensuring uninterrupted coverage.
Tractor Insurance Prices In 2024
Tractor Insurance price for 1 year of coverage is 8300 Rupees For a third party liability only policy and comprehensive or first party tractor insurance cost comes about 9000 to 10500 Rupees.
Popular tractor models in India and their insurance prices
| Tractor Make & Model | Insurance Price |
| Mahindra Tractor 555 | 8349 |
| Mahindra JIvo 365 | 8617 |
| Swaraj 735 FE Tractor | 8756 |
| Mahindra 575 DI tractor | 8875 |
| Farmtrac Tractor | 8963 |
| Eicher Tractor | 9023 |
| Sonalika Tractor | 9086 |
| John Deere Tractor | 9199 |
