All schools bus owners or schools are required by law to have insurance for their buses at all times in India. It is mandatory to have at least a third party liability policy for school bus in India without which you are not allowed to use school bus. Every year IRDA in India often changes Motor Insurance Tariff rates which also applies for school buses. You can get the latest school bus insurance price list for 2022 which is available on policymeter.com Follow these steps to get the best price for school bus insurance -
Request for best quotes from your agent for all of your school buses together instead getting separate quote for each of your bus because insurers are most likely to offer higher discounts when you get multiple school bus insurance policies done from them then just one at a time.Look for the OD discount given by your agent. In India many insurance companies offer up to 99% own damage discount for school buses as they carry less risks because of their limited time on roads & fix routes. So do not settle for own damage discount of just 40 or 50%. Do bargain with your commercial vehicle insurance agent for this.Look for different add-ons added in your quote by insurance agents. If an add on is not suitable or necessary for you, you can opt out of it and save money on high price paid for add-ons in school bus insurance policies.
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