I’d like to get an electric vehicle or already own one. When it comes to your car insurance policy, there are a few important things that work differently for EVs. From battery cover to premium rates, it is good to know what to expect.
Here are six essential yet straightforward points every EV owner in India should consider.
Top 6 Things to Understand About EV Car Insurance Policies
Knowing the key details of an EV car insurance policy is essential for every electric vehicle owner to ensure a smooth and secure driving experience.
1. EV Premiums Are Based on Unique Factors
If you are buying an EV, do not expect your insurance premium to be calculated the same way as for a fuel-based car. Insurance providers consider factors like:
- The cost of the electric motor and onboard tech
- Battery type and capacity
- Manufacturer’s repair costs and part availability
Since electric cars use advanced technology, the car insurance policy often reflects this with a slightly different premium range. Compare quotes from different providers to see if the coverage matches the price you are paying.
2. Battery Protection Should Be a Priority
The battery is the most important and expensive part of your electric car. It is what powers your entire drive. A well-designed car insurance policy should either include battery protection or offer it as an add-on.
- Things your battery cover should handle:
- Damage due to short-circuits or voltage surges
- Replacement cost in case of a major breakdown
- Water or fire-related damage (common during monsoons)
Some insurers also offer cover for battery wear and tear, depending on usage. Always ask how the policy treats the battery because this is your car’s core.
3. Insure Your Charging Equipment
Charging your EV is part of your daily routine, just like refuelling a regular car. Whether you have a home charger or use public charging points, there is equipment involved that is worth protecting.
- Good car insurance policies for EVs now offer optional add-ons that include:
- Cover for damage to home charging setups
- Risk cover at public charging stations (like fire or power surge)
- Theft protection for portable chargers (if provided by the manufacturer)
With EV charging infrastructure still growing in India, insuring your charging gear gives you peace of mind.
4. Choose Policies with EV-certified Garages
Repairing an EV is different from fixing a petrol or diesel car. It needs specialised tools and trained professionals. Not every garage in town is ready for it.
Here is what you should ensure:
- Your car insurance policy connects you with garages that are certified to handle EVs
- These garages must have mechanics trained for high-voltage systems and electric parts
- Service time and availability of parts should be clearly mentioned in the policy documents
A proper service network is essential because EV issues are more technical than mechanical. Some insurers, like Digit Insurance, also back this with access to 9000+ cashless garages, making post-issue repairs a lot smoother.
5. On-road Support for EVs is a Real Need
Running out of charge is very different from running out of fuel. Not every location has charging support yet. So, you need roadside assistance that actually understands EVs.
Look for a car insurance policy that offers:
- Roadside EV charging or towing to the nearest charge point
- Mobile service for minor issues like software errors or warning signals
- Support during flat battery scenarios
Some insurers offer EV-focused 24/7 assistance, which can be particularly helpful if your battery runs out in the middle of a highway.
6. Look for EV-friendly Add-ons
Every EV owner has a slightly different routine. Some drive long distances, while others use it just for city rides. The good news is that modern EV car insurance plans come with EV-specific add-ons to suit your usage.
These add-ons offer extended safety without burning a hole in your pocket, and they ensure your electric car is fully backed.
a. EV Shield Cover
Covers damage or loss to EV-specific parts like the charging cable, charger, or electric panel, plus roadside battery help.
b. Zero Depreciation Cover
Get the full claim value without any deduction for depreciation on parts or repairs.
c. Tyre Protect Cover
Protects you against costs from tyre bursts, cuts, bulges, and other unexpected tyre damage.
d. Breakdown Assistance
Offers 24/7 help during breakdowns, including towing and on-the-spot fixes, without affecting your claim history.
e. Consumable Cover
Pays for small parts like screws, nuts, oil, and grease usually not covered during accident repairs.
f. Pay as You Drive Cover
Lets you pay insurance premiums based on how much you actually drive, making it cost-effective for low usage.
Owning an EV is a big step towards a smarter and greener lifestyle. But to make the most of it, you need the right protection in place. A well-thought-out car insurance policy ensures that your electric car is covered. Take your time, read the details, and choose a wise plan for your electric car.
