Electric bikes are rapidly gaining popularity across India as affordable, eco-friendly, and low-maintenance alternatives to petrol bikes. But many EV owners don’t realize that electric two-wheelers need insurance too - just like any other vehicle.
Insurance for EVs protects you from financial loss in case of accidents, theft, battery failure, or third-party damage.
With PolicyBachat, you can compare specialized electric bike insurance plans from leading insurers, see how premiums differ from petrol models, and add covers like Battery Protect or Charger Cover for total peace of mind.
Here’s a complete breakdown of coverage, benefits, and savings for electric two-wheeler insurance in Hyderabad, Telangana.
Why Electric Bike Insurance Is Mandatory
Under the Motor Vehicles Act, 1988, Third-Party Liability (TP) insurance is mandatory for all vehicles that run on public roads - including EVs.
It covers:
- Injury or death of third-party individuals.
- Damage to third-party property.
- Legal and compensation liabilities.
Exception: Low-speed EVs (below 25 km/h and 250W motor) may not need registration or insurance.
Types of Electric Bike Insurance
| Type |
Covers |
Best For |
| Third-Party Policy |
Legal liability for third-party injury/damage. |
Mandatory for all EVs. |
| Comprehensive Policy |
Third-party + Own Damage (accidents, theft, fire, flood, vandalism). |
New or mid-value EVs. |
| Standalone OD Cover |
Adds Own Damage to existing long-term TP policy. |
Riders with long-term TP cover. |
What’s Covered in Electric Two-Wheeler Insurance
- Accidental damage to vehicle body or battery pack.
- Theft or vandalism of the bike.
- Fire or explosion.
- Natural disasters (floods, earthquakes, cyclones).
- Third-party injury or property damage.
- Personal accident cover for owner-driver (₹15 lakh mandatory).
EV-Specific Add-ons Worth Buying
| Add-on |
Coverage |
Avg. Cost (₹/Year) |
Why It Matters |
| Battery Protect |
Covers repair/replacement for battery short-circuit, damage, or failure. |
300-800 |
Battery is 40-50% of EV cost. |
| Charger & Cable Cover |
Protects home and portable chargers from theft or fire. |
200-500 |
Chargers are high-value accessories. |
| Zero Depreciation |
Full claim payout without depreciation deductions. |
200-400 |
Ideal for new EVs. |
| Roadside Assistance (EV) |
Emergency towing, flatbed transport, on-site recharge. |
150-400 |
Must-have for long rides. |
| Return to Invoice (RTI) |
Full invoice value payout for total loss or theft. |
250-600 |
EVs depreciate faster initially. |
How Much Does Electric Bike Insurance Cost
| EV Type |
IDV (₹) |
Annual Premium (₹) |
Add-on Bundle (₹) |
| Entry-level (Hero Electric, Ampere) |
₹75,000-₹1,00,000 |
₹600-₹1,000 |
₹250-₹500 |
| Mid-range (Ola, Ather, TVS iQube) |
₹1,00,000-₹1,50,000 |
₹900-₹1,400 |
₹400-₹700 |
| Premium (Revolt, Ultraviolette) |
₹1,50,000-₹2,50,000 |
₹1,400-₹2,000 |
₹600-₹1,000 |
(IRDAI-approved TP premiums for EVs are lower than petrol bikes.)
Why EV Insurance Is Cheaper Than Petrol Bikes
- Lower mechanical risk (no engine or gearbox).
- Government incentives and green discounts.
- Fewer moving parts = fewer repair claims.
- IRDAI’s fixed TP rebate for electric vehicles.
- EV-only insurance products with custom pricing.
Local Insights for Hyderabad
- Top 3 insured electric bike brands: VoltRider X1, E-Moto Flash, SparkCycle Z3.
- Average premium for EVs vs petrol bikes: ₹12,500 vs ₹9,800.
- % of EV owners with Battery Protect: 57%.
- Top insurers offering EV-ready policies: HDFC ERGO, ICICI Lombard, Bajaj Allianz.
How to Buy EV Insurance Online
- Visit PolicyBachat → Select “Electric Two-Wheeler Insurance.”
- Enter EV model, city, and purchase year.
- Compare quotes from multiple insurers instantly.
- Add EV-specific covers (Battery Protect, Charger Cover).
- Pay online and get digital policy in minutes.
Pro Tip: Renew annually to maintain EV-specific add-on continuity.
Benefits of Insuring Your Electric Two-Wheeler
- Legal compliance under IRDAI and MV Act.
- Protection for high-value batteries and chargers.
- Reduced repair costs through cashless network garages.
- Special discounts for green vehicles.
- Peace of mind with 24×7 roadside support.
Get Your Two-Wheeler Covered Today →
FAQs
Is insurance mandatory for electric bikes?
Yes, if your EV speed exceeds 25 km/h or motor power exceeds 250W.
Are EV premiums cheaper than petrol bikes?
Yes, third-party premiums are 10-15% lower.
Does EV insurance cover the battery?
Yes, with the Battery Protect add-on.
Can I buy EV insurance online?
Yes, 100% digital process through PolicyBachat.
Does insurance cover charging cable or station?
Only with Charger Cover add-on.
Can I renew EV insurance with a different insurer?
Yes, NCB transfers just like any bike policy.
Is Zero Dep available for EVs?
Yes, for bikes under 5 years old.
Do EVs need Roadside Assistance?
Yes, for towing and emergency charging.
Can I insure battery separately?
Only via Battery Protect or OEM-linked warranty plan.
Does the insurer cover battery degradation?
No, natural wear is excluded.
Can I claim for charger damage?
Yes, under Charger & Cable Cover.
Is theft covered?
Yes, under comprehensive EV insurance.
Does claim affect NCB?
Yes, same as petrol bikes.
Are hybrid bikes treated as EVs?
Yes, most insurers classify them as EV for TP discounts.
What’s the best add-on for EV riders in Hyderabad?
Battery Protect and RSA are top choices for urban riders.
Customer Reviews
- “Battery Protect saved me ₹45,000 after short-circuit.” - Ravi K., Delhi
- “Bought EV insurance in 5 minutes - simple and clear.” - Sneha D., Bengaluru
- “My charger was stolen - claim processed smoothly.” - Arjun M., Hyderabad
- “Loved the special discounts for electric bikes.” - Kavita R., Chennai
- “Affordable premium, covers everything I needed.” - Vikram T., Pune
- “PolicyBachat makes EV insurance effortless.” - Priya S., Mumbai
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