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Tips for Buying Electric Car Motor Insurance

14 May 2023 - Tushar
Reading time about 3 minutes

With the increasing popularity of electric vehicles (EVs) in India, it is crucial for owners to understand the nuances of insuring their electric car. Electric car motor insurance not only provides financial protection against accidents and damages but also caters to the unique requirements and characteristics of electric vehicles. This article aims to provide essential tips for buying electric car motor insurance in India, ensuring comprehensive coverage and peace of mind for EV owners.

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Understand the Coverage Needs

When purchasing motor insurance for an electric car, it is essential to understand the coverage needs specific to EVs. While comprehensive coverage is recommended, pay attention to the following key aspects:

a. Battery Coverage

Electric car batteries are expensive. Ensure that your insurance policy provides coverage for damage, theft, or replacement of the battery pack.

b. Charging Equipment Coverage

Inspect if the policy covers damages to home charging equipment or public charging stations due to accidents, fire, or theft.

c. Unique Risks:

Electric cars have distinct risks, such as short circuits or damages caused by electric malfunctions. Verify if the policy covers these risks.

Evaluate Add-Ons and Riders

Consider add-on covers and riders that enhance the coverage of your electric car insurance policy. Some relevant options include:

a. Zero Depreciation Cover

Opting for a zero depreciation cover ensures that the insurance company reimburses the full cost of repairs without considering depreciation.

b. Roadside Assistance:

Roadside assistance provides support in case of breakdowns, flat tires, or running out of battery charge.

c. Personal Accident Cover

Ensure the policy includes personal accident cover for the driver and passengers, providing financial assistance in case of injuries or fatalities.

Research Insurance Providers

Evaluate insurance providers based on their reputation, claim settlement record, and customer reviews. Look for companies that have experience with electric vehicles and offer specialized coverage for EVs. It is recommended to choose an insurer with a strong financial standing and a high claim settlement ratio.

Compare Premiums and Discounts

Obtain quotes from multiple insurance providers and compare the premiums and coverage offered. While the premium cost is a crucial factor, consider the coverage, add-ons, and discounts available. Some insurers may offer discounts for electric vehicles due to their eco-friendly nature or low maintenance costs.

Utilize Government Initiatives

The Indian government promotes the adoption of electric vehicles through various incentives and subsidies. Check if the insurance provider offers any discounts or benefits aligned with government initiatives, such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme.

Understand the Claim Process

Thoroughly understand the claim settlement process of the insurance company. Check the documentation requirements, claim submission process, and the turnaround time for claim settlement. A smooth and efficient claim process is essential during stressful situations.

Seek Expert Advice

If you are unsure about the complexities of electric car insurance, consider seeking expert advice from insurance brokers or consultants who specialize in electric vehicle insurance. They can help assess your requirements and guide you towards the most suitable policy.


Buying electric car motor insurance in India requires careful consideration of the unique coverage needs of electric vehicles. By understanding the specific requirements, evaluating coverage options, researching insurance providers, and comparing premiums, electric vehicle owners can secure comprehensive coverage for their cars. Remember to stay informed, make informed decisions, and ensure the policy adequately protects your electric vehicle and your peace of mind on the road.

Don’t miss out on this quick video packed with valuable tips for purchasing Electric Car Motor Insurance in Hindi!

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