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This type of insurance covers all those vehicles which are not used for personal purpose. Trucks, buses, heavy commercial vehicles, light commercial vehicles, multi utility vehicles, agricultural vehicles, ambulances etc are covered under this insurance. The premium is calculated on the basis of the make and model of the commercial vehicle, place o

Most insurance companies define recreational vehicles as the following: All terrain vehicles, dune buggies, golf carts, mini-bikes, motor homes, motorcycles, recreational vehicle trailers, snowmobiles, trail-bikes, off-road vehicles, antique and classic autos, and various watercraft including jet skis.

Motorcycle prices can vary wildly, but on average, if you're buying a new motorcycle fit for a beginner, you're probably spending anywhere between $5,000 and $10,000. If you are over 25 and have a spotless driving record, you can get a pretty decent rate on insurance, possibly under $500 a year.

As soon as you purchase a two wheeler, getting two wheeler insurance is a mandatory requirement as per the motor vehicles act 1988 and motor vehicle amendment act 2019. It provides coverage for from any financial loss to the vehicle due to accidental loss or damage, the legal liability towards third-parties in event of bodily injury, death or prope

Benefits of motor insurance: 1. Covers loss or damage occurred to the insured due to accidents. 2. Covers loss or damage to the vehicle due to accident, theft, self-ignition, fire, explosion, riots, and natural calamities. 3. Covers financial liability occurred due to loss or damage to third party or third party property.

Motor insurance can be availed in three forms: 1. Private Car Insurance 2. Commercial Vehicle Insurance 3. Two Wheeler Insurance