Motor & Vehicle Insurance in Nepal
Compare third-party & comprehensive motor insurance. Car, bike & vehicle coverage rates from Nepal's leading insurance companies.
What is Motor Insurance?
Motor insurance protects your vehicle against damage, theft, and third-party liability. In Nepal, third-party motor insurance is mandatory under the Motor Vehicles Act. Plans are offered by non-life insurers and cover motorcycles, cars, jeeps, vans, trucks, and electric vehicles. Premiums are calculated based on engine capacity (CC), vehicle age, and declared value as per NIA tariff rates.
Why Choose Motor Insurance in Nepal?
Legally mandatory — riding or driving without at least third-party insurance is a punishable offence in Nepal
Comprehensive plans cover own damage from accidents, natural disasters, fire, theft, and riot — not just third-party
Cashless repairs at 50+ authorized garages and workshops across Nepal without upfront payment
No-claim bonus (NCB) rewards safe drivers with up to 50% premium discount for consecutive claim-free years
How to Compare Motor Insurance Plans
Enter your vehicle type (motorcycle, car, EV), engine CC/kW, and vehicle age to see applicable plans
Compare third-party-only vs comprehensive coverage — comprehensive costs more but covers your own vehicle damage
Check add-ons like zero depreciation, roadside assistance, engine protection, and personal accident cover
Calculate your no-claim bonus discount — switching insurers may still let you carry over your NCB
Key Factors for Motor Insurance
Own Damage vs Third Party
Third-party only covers damage you cause to others. Comprehensive adds coverage for your own vehicle — essential for newer vehicles.
IDV (Insured Declared Value)
IDV determines your maximum claim amount. It depreciates each year — ensure your IDV reflects your vehicle's current market value.
No-Claim Bonus
Earn 20-50% premium discounts for each claim-free year. Transferable when switching insurers — always carry your NCB certificate.
Add-on Covers
Zero depreciation, engine protection, and roadside assistance add-ons are worth the extra premium, especially for new vehicles.