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Electric Car Insurance (EV Insurance) for Electric Vehicles Online in India
Electric cars are becoming more popular as they are cost-effective and better for the environment, and just like regular cars need petrol or diesel as fuel, electric cars need electricity to run!
Since electric cars are not yet as common as petrol/diesel cars in India, getting a car insurance policy for your electric car can be a bit different.
What is Electric Car Insurance?
Electric car insurance is a type of motor insurance that protects electric cars from potential damage and losses that may occur due to accidents, natural calamities, fire or theft, and even third-party liabilities.
The EV car insurance policy is designed to provide additional coverage specific to electric vehicles such as battery coverage, electric motor, charging station coverage, repair costs for electric vehicles, etc.
Why Should You Buy Electric Car Insurance?
You can’t predict what might happen to your precious electric car. So, having electric car insurance can be a great help and offer financial protection in an unfortunate event. You must also keep in mind that having at least third-party car insurance is mandatory in India.
Here's why you should get electric car insurance India:
Coverage for Your Electric Car
EV insurance for electric cars acts as a safety net and protects your car in unforeseen circumstances. Under the Comprehensive Policy, you get coverage for your own damage liabilities, while in a situation where you have caused an injury or damage to a third-party, it will be covered under third-party policy.
Compliance with the Law
Getting an electric vehicle insurance for your car will also help you comply with the law to drive electric cars on Indian roads.
Protection Against Repair Costs
Since electric vehicles are comparatively new in the Indian market, the cost of repairing electric motors and other EV-specific components can more than for fuel-run cars. Therefore, having EV insurance for electric cars helps take care of these costs.
Coverage for Specific EV Requirements
EV insurance also covers specific requirements related to electric vehicles such as electric motors, batteries, and charging systems, depending upon your insurer.
Peace of Mind
Having car insurance for your electric vehicle also ensures peace of mind as you get financial security in case of any unfortunate event.
What’s Covered in Electric Car Insurance by Digit?
What’s Not Covered?
Here are some situations which are not covered under electric vehicle insurance policy:
In the case of a Third-Party or Liability Only Car Policy, damages to own vehicle won’t be covered.
You can’t make a claim if the driver was driving drunk or without a valid driving licence at the time of mishap.
In case of an accident if the driver is found with a learner’s licence or without a valid driving without a valid driving licence, no claim is registered.
Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged electric car is driven incorrectly and the engine gets damaged) will not be covered.
Any contributory negligence (e.g., damage due to driving the electric car in a flood, which is not recommended as per the manufacturer’s driving manual) will not be covered.
If you haven’t bought an add-on, the corresponding benefits will not be covered, and hence no claim will be provided against them.
Add-on Covers with Digit Car Insurance
Car insurance add-ons which you can buy with your car insurance policy
EV Shield add-on cover compensates you in case of loss or consequential damage to your EV or Hybrid Vehicles (petrol/diesel + electric), including loss or damage to the electrical panel for the vehicle charging point, vehicle charger including charging cable, and roadside assistance services related to EV’s battery issues.
The zero depreciation cover removes the depreciation amount charged on your car and its parts and gives you the full value of repairs, costs and replacements during a claim.
This tyre protect add-on gives you the benefit of safeguarding and covering for tyre damage such as tyre bursts, bulges or cuts during all other situations possible.
We all need a little help sometimes! Our Breakdown Assistance Add-On gives you the benefit of getting help whenever required, i.e. assistance during car breakdowns at any time you'd like – and it doesn't even count as a claim!
A consumable cover covers the cost for all your electric car's nitty-gritties, such as screws, nuts and bolts, grease, etc., in case of an accident.
Pay as you drive cover allows the policyholder to pay only as per the kilometers covered by the insured EV, which is up to 10,000 km. The option to top up kilometers is also offered under the base policy by paying additional premium.
The Daily Conveyance Benefit add-on compensates the policyholder for daily transport in the form of a fixed daily allowance or a standby vehicle for the time when the insured electric vehicle is in the garage for repair.
The cost of repairing or replacement of the lockset in the car in case of theft, loss or damage is covered by the insurer as part of the Key and Lock Protect add-on cover.
If the policyholder or any immediate family member suffers from any loss of personal belongings specified as per the policy when kept in the insured EV, it shall be compensated by the insurer under this add-on.
With return to invoice add-on you get back the complete amount of your car's invoice value in case of theft or damage beyond repair, including the cost of registering a new vehicle and its road tax respectively.
Why Choose Electric Car Insurance by Digit?
Key Features of Electric Car Insurance by Digit
Electric Car Insurance Plans That Fit Your Needs
Third-Party vs Comprehensive vs Own Damage Electric Car Insurance Policy11
| Third-Party | Comprehensive | Own Damage |
Damages/Losses to own car due to an accidentCovers for damages to your own car in case of an accident or collision. |
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Damages/Losses to own car in case of fireCovers for damages and losses to your own car caused due to a fire. |
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Damages/Losses to own car in case of a natural calamityCovers for damages and losses caused to your own car due to a natural calamity such as floods, earthquakes, cyclone, etc. |
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Damages to Third-Party VehicleCovers for damage caused by your car to any third-party vehicle, up to 7.5 lakhs. |
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Damages to Third-Party PropertyCovers for damages and losses caused by your car to any third-party property, to up to 7.5 lakhs. |
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Personal Accident CoverCovers for owner-driver's bodily injuries or death. (Mandatory by law, one can opt in for the same if they don’t have one already). |
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Injuries/Death of a Third-Party PersonCovers for bodily injuries or death caused by your car to any third-party person, up to unlimited liability. |
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Theft of your carCovers for losses if your car is unfortunately stolen. |
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Customize your IDVCustomize the IDV of your car as per your choice and consequently adjust your car insurance premium accordingly. |
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Extra protection with customized add-onsGive your car an extra layer of protection with customized add-ons such as tyre protect cover, engine and gearbox protection, zero depreciation add-on, etc. |
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| Get Quote | Get Quote | Get Quote |
Know more about:- Difference between Comprehensive and Third Party Insurance.
Electric Car Insurance Own Damage Premium Price
Disclaimer - The premium calculation is done for Tata Nexon EV Prime XM, including GST, for ex-showroom Delhi, given the NCB is 50%, no add-ons, previous policy is not expired, & IDV is the lowest available.
How to Buy Electric Car Insurance Online with Digit?
Step 1
On the Digit app or website, enter your electric car’s registration number and mobile number, and click on ‘View Prices’.
Step 2
Select the plan, add-ons and IDV, and click on ‘Continue.’
Step 3
Enter your personal, nominee and vehicle details and click on ‘Pay Now.’
Step 4
Complete the payment and mandatory KYC verification process.
Step 5
You’re done! You’ll receive the policy document via email, SMS and WhatsApp. Also, you can access it 24X7 on the Digit App.
Documents Required to Buy Electric Car Insurance Online
While buying a new car insurance policy for EV online from Digit, you don’t need a load of documents or paperwork. Keep the following documents handy:
Electric Car Registration Certificate
Previous year car insurance policy, if applicable
Any of these documents for KYC verification - PAN/Aadhar/DL/Voter id/Form 16/Passport
How to File a Car Insurance Claim for an Electric Vehicle?
Follow this 3-step digital claims process after you buy or renew the electric car insurance plan:
Step 1
Call on 1800-258-5956. Remember there are no forms involved.
Step 2
You will get a link for Self-Inspection on your registered mobile number. Capture your electric vehicle’s damages from your smartphone through a guided step by step process.
Step 3
Select if you wish to opt for Reimbursement or Cashless through our network of garages.
Electric Car Insurance Premium Calculator
Car insurance premiums for private electric cars are based on many factors, like kilowatt capacity, make, model, and age.
However, Insurance Regulatory and Development Authority of India (IRDAI) has fixed the electric car insurance rates for the mandatory third-party electric car insurance in India. So, the new electric cars in India are already covered under 3rd party policy for three years.
Also, as a measure to promote electric vehicles in India, IRDAI has set a 15% discount on third-party insurance premium rates for EV, as compared to petrol and diesel vehicles.
List of the Best Electric Cars in India in 2024
Now that you know everything about electric car insurance, go through the list of top electric cars in India to know which is the most suitable for you and switch to environment-friendly vehicles today.
Note: All prices here are the ex-showroom price in Delhi.
FAQs about Electric Bike Insurance
Is it mandatory to insure an electric bike in India?
Yes, it is mandatory to have at least a third-party insurance plan for your e-bike under the Motor Vehicle Act 1988. However, you can also insure it with a comprehensive policy since it covers third-party liabilities as well.
Which type of electric insurance is best?
Comprehensive bike insurance for EVs is usually considered as the best option as it comes with more extensive coverage – covering both the mandatory third-party liability insurance and own damages. Moreover, given that electric bikes are slightly more expensive, it is better to choose an insurance policy that will cover it completely.
How much does electric scooter insurance cost?
Two-wheeler insurance premium for electric bikes depends upon kilowatt capacity, make, model, and age. However, for new e-bikes, third-party insurance premium rates start from ₹457 for 1-year and ₹2,466 for 5-year plan.
Does e-bike insurance cover battery replacement in India?
No, a general electric scooter insurance policy does not cover battery replacement; however, it is covered under the EV Shield add-on cover by Digit.
How can I purchase electric bike insurance online?
With Digit, you can buy EV bike insurance only in just steps. Visit the Digit website or app, enter e-bike’s details, select the desired plan, complete the KYC, make payment, and its done!
Can I claim insurance for an electric scooter?
Yes, you can easily file a claim for electric bike insurance with Digit by following just 3 simple steps - call on 1800-258-5956, do a self-inspection, and choose the mode of repair.
Can I buy only add-on covers without buying any e-bike insurance policy?
No, add-on covers are available only with the Comprehensive Bike Insurance Policy or Own Damage cover for e-bike insurance.
Is it expensive to insure an electric bike in India?
Yes, since electric vehicles are comparatively new in the market and come with expensive components, it might be slightly expensive to insure e-bikes in India.
How to get the right insurance plan for my EV car?
To get the right EV insurance policy first understand your requirements if you want a comprehensive plan or a third-party plan is enough. Then compare the policies offered by different insurers, such as Digit, to get the most suitable one.
Is it okay if I have two insurance policies for my e-bike?
Having only a single insurance policy for your electric bike is enough and is also more cost-effective. However, if you wish to expand your coverage, you can opt for various add-ons.
Is an EV bike insurance policy the same as petrol and diesel-powered two-wheelers?
Yes, an electric scooter insurance policy works the same as a general two-wheeler insurance policy in India. However, depending upon your insurer and add-ons choses, you can get extra coverage for specific components found only in electric vehicles.
Are damages or losses due to theft, fire, or natural calamities covered under EV bike insurance?
Yes, getting comprehensive electric bike insurance with Digit covers you in all such unfortunate events.
Why is electric bike insurance more expensive than general bike insurance?
Since electric bikes are generally more expensive than conventional petrol and diesel two-wheelers and come with costlier components, their repair and replacement cost is also higher. Thus, the insurance premium is slightly higher for electric bike insurance.
Do I need a Pollution Under Control Certificate while driving an e-bike?
No, a PUCC is not required when driving any electric vehicle as these vehicles do not release any harmful smoke in the environment and, thus, do not cause any air pollution.