Do You Need E-bike Insurance for Your E-bike in India?

The pace of electric vehicle adoption in India is growing fast with the launch of e-bikes and scooters. But there are several instances where these e-bikes caught fire, and owners are raising the concern regarding the safety and performance of these bikes. With this, it might make you think if e-bike insurance is required for electric bikes in India? Read on to find the answer.

Read more
  • Save up to 85% by comparing plans

  • 20+ Insurers to choose from

  • 1.2 Crore+ Bike Insured

*TP price for less than 75 CC two-wheelers. All savings are provided by insurers as per IRDAI approved insurance plan. Standard T&C apply.

No paperwork required! Renew insurance in 60 seconds⚡

Plans starting at only @ ₹1.5/day*

Enter bike number (e.g DL1SB1234)

E-bike Market in India

The Indian automobile sector is witnessing a rise in demand for e-bikes as they are eco-friendly solutions for fulfilling all daily needs. This latest technology and stylish models have made buyers accept it as the future of the transportation industry.

Do You Need E-bike Insurance for Your Electric Two-wheeler in India?

According to the Motor Vehicle Act, 1988, it is mandated for all bike owners to have at least third-party bike insurance to run their vehicle on the road. In the case of an electric two-wheeler, the government is preparing to declare specific regulations regarding e-bike insurance as they are in the adoption phase.

Hence, bike insurance policy rules are not applicable for e-bikes as these vehicles are not categorized under motor vehicles. Currently, electric two-wheeler owners don't need to obtain the mandatory third-party bike insurance. However, as a responsible driver, you should have the best bike insurance cover.

An electric bike is a precious possession that needs to be protected against various unforeseen circumstances like fire or theft. Therefore, the best option is to get comprehensive bike insurance as it will financially protect you and your bike in case of a road accident, fire, theft, natural calamities, and manmade disasters.

Benefits of Having E-bike Insurance for Your Electric Two-wheeler

Here are a few benefits associated with getting e-bike insurance for your e-bike or scooter-

  1. E-bikes are Expensive

    E-bikes consist of costly components like an electric motor, battery, and controller. Even after putting so much effort by the government to use electric vehicles, these bikes have captured a small niche market that does not give enough benefit to the manufacturers. Therefore, it makes them expensive and you must take extra care of your e-bike by having the right e-bike insurance policy, and you can ride it without any worries.

  2. E-bike Insurance is Affordable

    Most electric two-wheelers have a maximum speed limit of 60-70 km/hr, making them perfect for city commutes. Therefore, it has a lower risk associated because of the lower speed limit. Also, they are equipped with less cubic capacity generating less power than any other motor vehicle. It is an affordable deal to protect your e-bike from several unprotected risks with an e-bike insurance policy.

  3. High Degree of Risk Associated

    Usually, e-bikes are the most popular mode of commute for the shorter distances. This exposes them to major risks of road mishaps. In an unfortunate event, if your electric bike gets damaged, your bike insurance will be a lifesaver. If you do not own this, you will be responsible for all the costs associated with the repair or replacement of the e-bike parts.

  4. Customizations is Available

    Another merit of opting for e-bike insurance is the process of insuring an e-bike is similar to any other motor vehicle. However, some insurance provider refuses to offer coverage for electric bikes as they do not need to be registered. But you can visit the official website of Policybazaar Insurance Brokers Private Limited, where you can explore multiple e-bike insurance plans and choose a policy that provides you maximum coverage at an affordable price. Moreover, you can also tailor an insurance plan as per your requirements.

Documents Required for Insuring an E-bike

Getting the best bike insurance plan for your electric two-wheeler follows the same process as insuring any regular motor vehicle. Therefore, documents needed for insuring e-bikes are also the same. All you need to do is submit address proof, identity proof, and two passport-sized photographs.

Final Thoughts

In India, emissions caused due to motor vehicles are one of the biggest problems, and the government is taking every single step to increase the adoption of e-bikes to reduce this. If you are also planning to get an e-bike and want to save our environment, then you should also secure it with the right e-bike insurance plan and enjoy the stress-free rides.

Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.

Two Wheeler insurance articles

Recent Articles
Popular Articles
How to Negotiate a Bike Insurance Claim?

03 Nov 2023

Bike insurance is an essential financial safety net in case of
Read more
Bike Insurance Add-ons: Zero Depreciation Cover V/s Return to Invoice Cover

03 Nov 2023

Among all the bike insurance add-ons available in the market
Read more
Dos and Don'ts While Filing Bike Insurance Claims Online

25 Oct 2023

When claiming on your bike insurance policy, you always look for
Read more
How to File a Claim for Bike Damaged Due to a Cyclone?

17 Oct 2023

Tropical cyclones are prevalent, causing a huge loss of human
Read more
How to Reduce Your Bike Insurance Premium by Avoiding Small Claims?

13 Oct 2023

For two-wheeler owners, adequate coverage is crucial to keep
Read more
How to Check Vehicle Owner Details by Registration Number?
Did you know that you can extract vehicle owner details with the help of the vehicle registration number? Well, it
Read more
Get Your Vehicle Fitness Certificate from RTO
The Fitness Certificate (FC) of a vehicle is an official document that certifies the vehicle is fit enough to run
Read more
Best Two-Wheeler Insurance Plans in India
When it comes to choosing the best two-wheeler insurance plans, you must have seen several motor insurance
Read more
Documents Required to Purchase a New Two-wheeler in India
Buying a two-wheeler can be a significant step in one's life as nothing can beat the excitement of owning the
Read more
Is Bike Insurance Mandatory for 5 Years?
Amid the rising number of road accidents from uninsured two-wheelers, the Insurance Regulatory Development
Read more