EV Bike Insurance for Electric Bikes, Scooters & Two-Wheelers in 2024
Electric bikes, also called e-bikes or electric two-wheelers, are becoming more and more popular on the road as environment-friendly, and (mostly!) noise-free alternatives to regular bikes.
Just like regular two-wheelers need petrol as fuel, these ones need to be charged with electricity (like a giant smartphone).
Electric two-wheelers are still a pretty new concept in India but getting a bike insurance policy for your electric two-wheeler is not so different than the process followed for a regular fuel-driven bike.
Table of Contents
What is Electric Bike Insurance?
Electric bike insurance is a type of motor insurance that protects two-wheelers that run on electricity from potential damage and losses, which might happen in the case of an accident, a natural calamity or fire.
The EV insurance for two-wheeler by Digit is uniquely designed to cater to the specific needs of the electric vehicles such as battery coverage, electric motor, charging station coverage, repair costs for electric vehicles, etc.
Why Should You Buy Electric Bike Insurance?
You can never predict what might happen to your beloved new electric two-wheeler. So, here’s why you should get best two-wheeler insurance in India for e-bikes:
Financial Protection
EV bikes contain potentially expensive and unique components that can cost you a handful when repairing or replacing them. So, getting a comprehensive bike insurance policy for electric two-wheeler covers you financially for both third-party liabilities and own damage in unforeseen circumstances.
Peace of Mind
e-Bikes have many complex electrical and mechanical parts that could give you trouble at any time. So, having an e-bike insurance policy can be a great savior in an unfortunate event and can help you ride without any worries.
Mandatory by Law
Also, as per the Motor Vehicle act, you should have at least a third-party two-wheeler insurance policy for electric bikes as it is mandatory by law.
Enhanced Coverage
With the comprehensive EV insurance policy, you can opt for different add-ons to enhance your coverage. For example, EV Shield add-on by Digit covers specific requirements related to electric vehicles such as electric motors, batteries, and charging systems.
What’s Covered in Electric Bike Insurance by Digit?
What's Not Covered?
It is equally important to know what’s not covered in your electric two-wheeler insurance policy, so that there are no surprises when you make a claim. Here are some such situations:
Add-on Covers with Electric Bike Insurance by Digit
You can opt for the following two-wheeler add-ons under electric scooter insurance:
Why Choose Electric Bike Insurance by Digit?
Your bike insurance not only comes with a super easy claim process, but also with the option to choose a cashless settlement
Key Features of Electric Bike/Scooter Insurance by Digit
Electric Bike Insurance Plans That Fit Your Needs
Third-Party vs Comprehensive vs Own Damage Electric Bike Insurance Policy
Third Party
Comprehensive
Own Damage
Damages/Losses to own two-wheeler due to an accident Covers for damage to your own two-wheeler in case of an accident or collision. |
×
|
✔
|
✔
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Damages/Losses to own two-wheeler in case of fire Covers for damages and losses to your own two-wheeler caused due to a fire. |
×
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✔
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✔
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Damages/Losses to own two-wheeler in case of a natural calamity Covers for damages and losses to your own two-wheeler caused due to a natural calamity such as floods, earthquakes, cyclone, etc. |
×
|
✔
|
✔
|
Damages to Third-Party Vehicle Covers for damages caused by your two-wheeler to any third-party vehicle, to up to 7.5 lakhs. |
✔
|
✔
|
×
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Damages to Third-Party Property Covers for damages and losses caused by your two-wheeler to any third-party property, to up to 7.5 lakhs. |
✔
|
✔
|
×
|
Personal Accident Cover Covers for owner-rider'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 Person Covers for bodily injuries or death caused by your two-wheeler to any third-party person, up to unlimited liability. |
✔
|
✔
|
×
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Theft of your scooter or bike Covers for losses if your two-wheeler is unfortunately stolen. |
×
|
✔
|
✔
|
Customize your IDV Customize the IDV of your two-wheeler as per your choice and consequently adjust your two-wheeler insurance premium accordingly. |
×
|
✔
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✔
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Extra protection with customized add-ons Give your two-wheeler an extra layer of protection with customized add-ons such as tyre protect cover, consumable cover, zero depreciation add-on, etc. |
×
|
✔
|
✔
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Electric Bike Insurance Own Damage Premium Price
Disclaimer - The premium calculation is done for Ather PLUS E BIKE Electric 123, excluding GST, for ex-showroom Delhi, given no add-ons are added, previous policy is not expired, & IDV is the lowest available.
How to Buy Digit Electric Bike Insurance Policy Online?
Step 1
On the Digit app or website, enter bike’s registration number, select the policy status and click on ‘View Prices’.
Step 2
Select the plan, add-ons 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 e-Bike Insurance Online
To buy Digit EV bike insurance in India insurance online, a load of paperwork is not required. Furnish only the following documents:
Bike Registration Certificate
Previous year EV two-wheeler insurance policy, if applicable
Any of these documents for KYC verification - PAN/Aadhar/DL/Voter id/Form 16/Passport
How to File Electric Bike Claim with Digit?
After you buy or renew your electric two-wheeler insurance plan with us, you can forget about complicated processes as we have a 3-step, completely digital claims process!
Step 1
Just call on 1800-258-5956. No forms to be filled.
Step 2
Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damage from your smartphone through a guided step by step process.
Step 3
Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.
Electric Two-Wheeler Insurance Premium Calculator
Two-wheeler insurance premiums are based on many factors, like kilowatt capacity, make, model, and age.
Since electric vehicles are relatively new in the Indian market, Insurance Regulatory and Development Authority of India (IRDAI) has fixed the EV bike insurance rates for the mandatory third-party electric car insurance in India.
This means that new electric two-wheelers in India are already insured under third-party two-wheeler policy for 5 years.
Also, to promote environment-friendly electric vehicles in India, IRDAI has rolled out a 15% discount on third-party insurance premium rates for EV, as compared to fuel-run vehicles of the same category.
List of Best Electric Bikes and Scooters in India in 2024
With the emergence of high-tech electric bike options in the Indian market, everybody is switching to environment-friendly two-wheelers. So, read here which are the top electric bikes in India and choose the one most suitable for you.
*Note: The prices mentioned here are ex-showroom prices in Delhi.