A Smart Owner’s Guide to Protecting Your Ride with Three-Wheeler Insurance

Whether you own an auto rickshaw for commercial use or a goods carrier for business deliveries, having the right three wheeler insurance is essential. It’s more than just a legal formality — it’s your shield against unexpected repair costs, accidents, third-party liabilities, and more. If you're looking for clarity on what’s covered, how to buy it, and how to get the best value, this guide is for you.

What Is Three-Wheeler Insurance?

Three wheeler insurance is a type of commercial vehicle insurance designed to cover risks associated with three-wheeled vehicles such as auto rickshaws, passenger carriers, and goods carriers. It protects you from financial losses from accidents, theft, natural calamities, and third-party liabilities.

Importance of Three-Wheeler Insurance

Having valid three wheeler insurance is mandatory under the Motor Vehicles Act, 1988. But beyond legal compliance, it ensures:

Financial security during accidents
Compensation for vehicle damage or loss
Third-party coverage for injury, death, or property damage
Peace of mind as you run your business or service

What are the Reasons to Buy a 3 Wheeler Insurance

There are several reasons to invest in 3 wheeler insurance:

Legal compliance:Driving without insurance can result in penalties and vehicle seizure.
Accident protection:Covers vehicle repairs and replacement after collisions.
Third-party coverage:You are legally and financially protected if someone else is harmed.
Theft & natural disaster cover:Protects your investment in case of fire, floods, or theft.

Three Wheeler Insurance Inclusions

Royal Sundaram’s three-wheeler insurance includes:

Loss or damage due to natural disasters (floods, earthquakes)
Theft, burglary, or fire
Accidental external damage
Third-party liability for bodily injury or property damage
Personal accident cover for the owner-driver (for Rs. 15 Lacs)

Three Wheeler Insurance Exclusions

Not everything is covered. Exclusions often include:

Wear and tear or mechanical failure
Driving without a valid driving licence
Driving under the influence of alcohol or drugs
Use outside the specified geographical limits
Using the vehicle for purposes not covered under the policy

How to Buy a Three-Wheeler Insurance Online

Purchasing three wheeler insurance online is quick and convenient. Follow these steps:

Visit Royal Sundaram’s website.
Choose the vehicle type and fill in basic details (registration number, usage, etc.).
Select your coverage — third-party or comprehensive.
Add any optional add-ons as needed.
Get three-wheeler insurance quotes instantly.
Make the payment online and receive the policy document in your inbox.

Factors That Affect 3-Wheeler Auto Insurance Price

The 3 wheeler auto insurance price depends on:

Type of coverage:Comprehensive policies cost more than third-party.
Vehicle usage:Commercial usage may increase the premium.
Vehicle age:Older vehicles usually attract lower premiums.
Insured Declared Value (IDV):A Higher IDV results in a higher premium.
Add-ons:Opting for extras like nil depreciation cover, invoice value cover, or tyre cover can increase your 3-wheeler auto insurance price.

Documents Required for Purchasing Three-Wheeler Insurance

Vehicle Registration Certificate (RC)
Proof of identity and address
Previous insurance policy (if renewing)
Driving licence of the owner-driver
Vehicle fitness certificate (for commercial vehicles)

Who can purchase Auto Rickshaw Insurance?

Three-wheeler auto insurance is ideal for:

Individual owners of auto rickshaws
Transport business owners with a fleet of three-wheelers
Delivery and logistics companies
School or private shuttle service providers

Conclusion

Your auto rickshaw or goods carrier is your livelihood, and protecting it with the right three-wheeler insurance is crucial. It not only meets legal requirements but also ensures you’re prepared for any bumps on the road — financial or otherwise.

If you're looking for a comprehensive plan with valuable add-ons and fast online purchase options, consider Royal Sundaram’s commercial vehicle insurance.

Take a few minutes today to compare three wheeler insurance online, get the best 3 wheeler insurance quote, and choose the plan that fits your needs.