Electric Car Insurance

Read everything about electric vehicle insurance, its benefits and coverage. Know why insurance for electric car is necessary.
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Electric Car Insurance
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3 mins
12 August 2023

Electric cars are fast becoming popular in today's world. As electric vehicles (EVs) become more affordable and accessible, it is only natural to consider buying one. But in addition to the regular expenses of purchasing and maintaining an electric car, you must also consider the buying an electric car insurance.

What is electric car insurance?

Electric car insurance is a unique kind of insurance that covers the risks associated with owning an electric car. Also known as electric vehicle insurance, it is designed to cater to the unique needs of electric cars owners. In this article, we'll delve into electric car insurance in detail and help you understand why it is so important for electric car owners.

Why should I buy car insurance for my electric car?

Having an insurance for electric car is a legal mandate, you must have at least a third-party insurance as per the Motor Vehicles Act. Besides that, insuring the electric car also keeps you financially secure in case any accident or any other mishap. As, repairing or replacing the damage parts of electric vehicle can be expensive. Moreover, replacement parts and repair methods are often different from those used for conventional cars, which makes electric vehicle insurance even more important.

In addition, electric cars (EV) are relatively new technology, and not all repair shops have the knowledge and equipment to deal with them. This means that electric car repair costs can be higher than conventional cars, and therefore, it is essential to have adequate electric car insurance coverage.

What does electric car insurance cover?

Electric vehicle insurance provides comprehensive coverage for your electric vehicles against various risks such as:

  • Accidents: Electric car insurance covers repair or replacement costs of damages caused due to an accident.
  • Theft: EV insurance covers the theft of your electric car, including the battery and other electric car components.
  • Fire: Electric vehicle insurance covers damages caused by fire. For example, if your electric car battery catches fire and damages the vehicle, the insurance policy would cover the repairs.
  • Natural disasters: Electric vehicle insurance provides cover for damages caused by natural disasters such as earthquakes, floods, and storms.
  • Personal accident: Electric vehicle insurance offers personal accident cover for the driver and passengers in case of an accident.
  • Third-party damages or losses: Electric car insurance covers damages to property or injuries caused to third party in case of an accident involving your electric car.

Add-on covers available for electric cars

You can avail of add-on covers to customise the policy to your needs. Some of the popular add-on covers are:

  • Roadside assistance cover: This cover provides help in case of breakdowns, flat tyres, and other issues while driving.
  • Outstation emergency cover: This electric car insurance provides assistance in case of an emergency such as a breakdown while travelling outside your city.
  • Return to invoice cover: This add-on cover pays the difference between the market value of the electric car and the purchase price in case of a total loss.
  • Zero depreciation cover: This cover provides full reimbursement of the repair costs without factoring in depreciation.
  • Key replacement cover: This cover provides reimbursement for the cost of replacing lost or stolen keys.
  • Personal accident cover for passengers: This add-on cover provides personal accident cover for passengers travelling in the electric car.

What electric car insurance does not cover?

Electric car insurance usually does not cover the following incidents:

  • Regular wear and tear of the electric car and its components.
  • Damages caused due to mechanical failures.
  • Illegal activities or careless behaviour while driving.

How to file an electric vehicle insurance claim?

You can raise electric car insurance claims in the following two ways:

  • Cashless claim settlement
    In a cashless claim, the insurance company directly pays the repair costs to the network the garage. To avail of a cashless claim, you must take your electric car to a network garage authorised by the insurance company.

  • Reimbursement claim settlement
    In a reimbursement claim, you pay for the repairs yourself, and the insurance company reimburses you later. To make a reimbursement claim, you must provide receipts and other documents required for car insurance claim.

Tips to choose the right electric car insurance policy

Here are some tips to help you choose the right electric car insurance policy:

  • Compare policies: Compare multiple electric car insurance policies to choose the one that meets your needs and budget.
  • Check the coverage: Make sure that the policy covers all the risks associated with your electric car.
  • Check the add-ons: Look for add-on covers that suit your needs.
  • Read the fine print: Read the policy document carefully to understand the coverage, exclusions, and claim process.

How to renew electric vehicle insurance online?

Renewing your electric vehicle insurance online is a quick and easy process. Follow these simple steps:

Step 1: Log in to your insurance provider's website or use their mobile app.

Step 2: Access your policy information.

Step 3: Select the option to renew your policy.

Step 4: Update your personal information as needed.

Step 5: Review your coverage options and select the right level of protection.

Step 6: Choose your payment method.

Step 7: Submit your renewal and receive confirmation of your new policy.

With these steps, you'll be able to renew your electric vehicle insurance quickly and conveniently from the comfort of your own home.

Single premiums set for three years third-party insurance policies for electric vehicles

Cars with engine CC Premiums
Up to 30 KW Rs. 5,543
30–65 KW Rs. 9,044
More than 65 KW Rs. 24,907


Electric car insurance is an essential requirement for electric car owners. Make sure you choose a policy that meets your needs and offers comprehensive coverage for your electric car. This is completely different from the electric bike insurance process.

Frequently asked questions

Does an electric car need insurance?

Yes, just like any other vehicle, an electric car requires insurance for protection and coverage in case of accidents, theft, or other damages.

Is insurance premium high for EV cars?

The insurance premium for electric cars typically varies depending on several factors, including the value of the car, driving record, location, and other risk-related factors. While EV cars may initially have higher costs, some insurance providers offer special discounts or incentives for electric car owners, so it's best to shop around and compare rates to find the policy that suits you.

Do I need to carry a pollution under control certificate while driving an electric car?

Generally, electric cars are not required to have a Pollution Under Control (PUC) certificate, as they do not emit harmful pollutants. However, it's important to check with transport authority for any specific requirements or regulations regarding electric cars in your area.

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