Buy/Renew Commercial Bus & School Bus Insurance Online

What is a Bus Insurance?

A bus insurance is a type of commercial vehicle insurance policy to protect commercial buses from potential damages and losses, such as in the case of an accident, natural calamity or fire. While the most basic plan covers for Third-Party liabilities (as required by law), a comprehensive policy also covers for one’s own damages and losses, both under one combined policy. 

Types of Buses Covered:

• School Buses: Buses that are part of an educational institution such as a school or a college and are used primarily for student transportation can be covered under this policy.  
  
• Public Buses: Buses owned and run by the government, used to transport passengers within the city or, from one city to another too can be covered under this policy.  
  
• Private Buses: Buses owned by private organizations such as tour buses or buses used by offices for their employees too can be covered under this policy. 
  
• Other Passenger Carrying Buses: All other types of commercial buses and vans used for the purpose of transporting passengers from one place to another are covered under this policy.

• Protection from Unforeseen Losses: Whether it’s due to damages to a third-party or your own bus, a bus insurance ensures you’re covered for it all, thus preventing business losses and avoiding any troubles that may come in the way of your daily logistical operations. 
• Comply with the Law: As per the Motor Vehicle Act, it is mandatory for all vehicles, especially those used for commercial purposes to at least have a third-party commercial bus insurance policy to protect for any potential third-party damages and losses. Without one, you will be liable to pay a fine, when caught.
• Covers for Owner-Driver: A bus insurance not only covers for losses and damages to your vehicle or third-party vehicle, but also covers for any bodily injuries or the like for its owner-driver.
• Passenger Protection: As part of every commercial vehicle insurance, you can opt for an additional endorsement to cover for your passengers too, in case of any unfortunate situation such as an accident, fire or natural calamity.

Call us at 1800-258-5956 or drop us an email at hello@godigit.com

Keep your details such as policy number, location of the accident, date & time of the accident, and contact number of the insured/caller handy to make our process easier.

Yes, of course! School buses are primarily used by schools or third-party organizations to transport kids from home to school and back. Therefore, it’s important that you at least get a bus insurance that won’t only protect your organization against unforeseen losses but, also covers for the children and teachers traveling in these buses on a daily basis.

To choose the right bus insurance online for your bus, it’s important to compare and evaluate the following factors:

• Right Insured Declared Value (IDV): IDV is nothing but the market value of your bus. Everything from your bus insurance premium to your claim payouts are dependent on this so ensure that you pick an insurer that gives you the right and true IDV for your bus.
• Service Benefits: Consider services such as 24x7 Customer Support and a wide network of cashless garages, among others. In times of need, these services really matter. 
• Review Add-Ons: Add-ons help extend the kind of coverage your bus will receive. For example, our additional endorsements include covers like personal accident cover, passenger cover, compulsory deductibles, electric accessories cover, et al. 
• Claim Speed: It’s the most important aspect of any insurance. Pick an insurance company you know will settle claims quickly.
• Best Value: After you’re done comparing all the above factors, compare bus insurance premiums and see which one gives you the best possible benefits at a good price.

There are various factors that will ultimately affect your bus insurance rates, such as:

• Model, Engine & Make of the Vehicle: There are different types of buses in the market. Each one of them comes with its own set of features and level of risks. Therefore, your bus insurance rates will largely be affected by the make and model of your bus.
• Location: Every city and town come with its own level of risks. Some are safer than the other, while some are more expensive than the other. Therefore, depending on the city you operate your bus in, your bus insurance rates will differ accordingly.
• No-Claim Bonus: If you’ve already had a bus insurance for your bus before and are currently looking to renew your policy or get a new insurer- then, in this case, your NCB (No Claim Bonus) will also be considered, and your bus insurance premium will come at a discounted rate! A No-Claim Bonus refers to the fact that the respective bus hasn’t had a single claim in the previous policy term.
• Type of Insurance Plan: Whether you want to go for a third-party liability insurance plan for your bus or comprehensive bus insurance; the bus insurance premium for the two will differ since the coverage benefits offered in each of these plans would be different.