Two Wheeler Electric Vehicle Insurance Online in India
Electric scooters and bikes are no longer just a futuristic idea in India—they’re here, on the streets, buzzing quietly past petrol bikes. From Ola S1 Pro to Ather 450X, more people are switching to electric two-wheelers because they’re cost-effective and eco-friendly. But while buyers compare mileage, charging time, and speed, one thing often gets overlooked: insurance.
If you own an EV scooter or are planning to buy one, getting the right insurance policy online is just as important as choosing the bike itself. Let’s dig into how two wheeler electric vehicle insurance online in India works, why it matters, and how to find the best deal without overpaying.
Unlike petrol bikes, electric scooters come with expensive batteries, advanced sensors, and digital systems. A small accident or technical fault can burn a bigger hole in your pocket compared to repairing a regular two-wheeler. That’s where insurance steps in.
Here are the main reasons why EV bike insurance is non-negotiable:
The best part is—you don’t need to run to an insurance office anymore. Almost every insurance company in India offers quick and hassle-free online purchase options.
Here’s how it typically works:
Buying insurance online not only saves time but also gives you better visibility into pricing and features compared to offline agents.
Many first-time EV buyers ask: Is electric scooter insurance cheaper than petrol bikes? The answer is, often, yes.
Since electric scooters typically have lower top speeds and smaller engines (or motors), insurers consider them lower risk. That translates into lower premiums—especially for entry-level models like Hero Electric or Ampere scooters.
For instance, a basic third-party policy can start as low as ₹700–₹900 annually, while a comprehensive policy for a mid-range EV scooter may cost ₹2,000–₹4,000 per year depending on add-ons.
If you’re looking for the cheapest two wheeler electric vehicle insurance online in India, here’s a tip:
Cheapest isn’t always the best. If you own a premium EV like Ola S1 Pro, Ather 450X, or Bajaj Chetak EV, it makes sense to invest in a comprehensive plan.
A good “best in class” EV insurance should ideally cover:
Brands like ICICI Lombard, Bajaj Allianz, and HDFC Ergo are known for offering strong coverage options for EV scooters online.
When you buy electric bike insurance online, the premium isn’t random. Insurers calculate it based on several factors:
Let’s look at real-world examples (approximate yearly premiums for comprehensive policies):
Prices vary by insurer and add-ons, but this gives you a ballpark idea.
Many riders still buy insurance through local agents. While that’s convenient, here’s why online is better:
The only benefit offline agents provide is handholding during claims. But even that is getting easier with app-based claims support.
A small side note: If you’re a gig worker using your EV scooter for Ola, Rapido, or Zomato deliveries, an emergency fund is just as important as insurance. One smart hack is to set aside the earnings from one delivery or one ride per day into a savings account. Over a year, that builds into a strong cushion for repairs, downtime, or even policy renewals—without putting stress on your daily income.
Basic third-party EV scooter insurance can cost as low as ₹700–₹900 annually. However, comprehensive policies are better and start around ₹2,000 per year.
The best policy is one that balances affordability and coverage. For premium EVs, go with comprehensive plans from top insurers like ICICI Lombard or Bajaj Allianz with add-ons like battery protection.
It depends on the scooter model. For example, Ola S1 Pro’s comprehensive policy may cost around ₹3,000 annually, while entry-level Hero Electric models are closer to ₹2,000.
Yes, most insurers let you purchase policies online with just your scooter’s details. Payment and policy issuance usually take less than 10 minutes.
In most cases, yes. Since EVs have lower risks due to speed and engine limitations, insurers often price their policies lower than petrol scooters.
What’s your take—do you prefer a budget-friendly basic policy or a comprehensive one with extra coverage? Share your experience in the comments.