E-Bike Insurance

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Why Are Add-On Covers in a Two-Wheeler Insurance Policy Required?

What is Electric Bike Insurance

As electric two-wheelers gain popularity for their eco-friendliness, low running costs, and everyday convenience, protecting them with the right insurance has become more important than ever. Just like petrol bikes, electric scooters must have valid insurance before being driven on Indian roads, as it’s a legal requirement.

An e-bike insurance policy safeguards your electric bike against accidents, theft, fire, and damage caused by natural or man-made disasters. Since EVs utilise advanced technology and costly components, such as batteries and motors, the right insurance helps you avoid heavy repair or replacement expenses, ensuring complete peace of mind while you ride.

Why Are Add-On Covers in a Two-Wheeler Insurance Policy Required?

Benefits of Purchasing Electric Bike Insurance

Owning an electric bike or scooter is a smart step toward sustainable mobility, but protecting it with the right insurance is equally crucial. Here are few major benefits of buying or purchasing electric bike insurance policy:

Financial Security

Financial Protection for High-Value EV Components

Electric bikes come with expensive parts like batteries, motors, controllers, and chargers. An e-bike insurance plan ensures you don’t have to bear the high repair or replacement costs if your EV is damaged in an accident, stolen, or lost due to fire or natural disasters.
Enhanced Coverage

Enhanced Coverage with EV-Specific Add-Ons

When you buy bike insurance policy (the basic one), it may not fully cover the unique risks associated with electric two-wheelers. With useful add-ons such as battery protection, a charger, or roadside assistance, you can expand your coverage to safeguard your e-bike against electrical breakdowns, water damage, and even battery-related issues.
Fulfilling the Legal Requirement

Legal Compliance on Public Roads

According to the Motor Vehicles Act, 1988, it is mandatory to have a third-party bike insurance policy to ride on Indian roads. Insuring your e-scooter not only keeps you legally compliant but also saves you from heavy fines and penalties during traffic checks.
Peace of Mind

Worry-Free Riding Experience

With two wheeler insurance backing you up, you can enjoy your silent, smooth rides without the constant stress of “what if something happens.” From minor repairs to major accidents, the insurer supports you financially, giving you complete peace of mind every time you hit the road.
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Types of Electric Bike Insurance Plans

Electric two wheeler insurance in India is broadly available in three types, each offering different levels of protection. Here’s what they include and when they are most useful:

Third-Party E-Bike Insurance Plan

Third-Party (TP) E-Bike Insurance

This is the minimum legally required insurance as per the Motor Vehicles Act, 1988. It offers coverage in case of injury or death of a third party, person, or property by your e-bike. It is best for those who want basic coverage and to be legally compliant. However, there is no coverage for the damage to your own electric two-wheeler in a road accident or theft.
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Standalone Own-Damage E-Bike Insurance Plan

Standalone Own-Damage (OD) E-Bike Insurance

This plan covers damage to your own electric bike due to accidents or collisions, fire or explosion, theft, total loss, natural or man-made disasters, and other similar events. The OD bike insurance policy is designed for those who already hold a valid third-party e-bike insurance policy but want to enhance protection for their own EV.
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Comprehensive E-Bike Insurance Plan

Comprehensive (Comp) E-Bike Insurance

As the name suggests, a comprehensive e-bike insurance is the combination of third-party liability coverage and own-damage protection. Moreover, you can buy various add-ons or riders with this policy to enhance the overall scope of coverage. It is considered to be an ideal policy for new electric bikes, premium EV scooters, and daily commuters who want complete peace of mind.
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What is Covered Under an e-Bike Insurance Policy?

Inclusions

Accidental Damage
If your e-bike is damaged due to a road accident, collision, or mishap, the repair or replacement costs will apply.
Theft or Total Loss
If your e-bike is stolen (or lost due to theft) or declared a total loss after an accident/fire, the insurer provides compensation.
Fire/Explosion
Damages due to fire or explosion are covered by a comprehensive e-bike insurance policy.
Natural Calamities & Man-made Disasters
Events such as floods, storms, earthquakes, riots, etc., are covered under this policy.
Third-party Liability
If your e-bike causes injury to a third person or property damage in an accident, third-party cover pays the legal/compensation costs.
Third-Party Liability
It is mandatory to get a third-party bike insurance policy. This provides coverage for the loss or damage caused to a third-party person or property in an accident by your insured electric vehicle.

Exclusions

Mechanical or electrical breakdown and normal wear & tear
Breakdown due to ageing, routine usage, or electrical faults (unless protected by a specific add-on).
Depreciation on parts (unless zero-dep is chosen)
Standard policies apply depreciation on part replacement costs, especially for EV components.
Battery not covered without a proper EV add-on.
The EV battery may not be fully covered if its value is not included in the policy IDV or supported by a battery-specific add-on.
Riding without a valid driving licence
e-Bike insurance claims are denied if the rider does not hold a valid two-wheeler DL.
Driving under the influence of alcohol or drugs
Claims for accidents caused while intoxicated are strictly excluded.
Intentional damage, negligence, or misuse
Damage caused deliberately or due to improper handling, unsafe charging practices, or non-approved chargers/accessories may not be covered.
Unapproved modifications or accessories
Any aftermarket modification not declared and approved by the insurer may void the related claim.
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E-Bike Insurance Add-ons

When you insure your electric two-wheeler, opting for add-ons can dramatically broaden your coverage, often at a modest additional premium. Below are some of the most valuable and recommended add-ons for e-bike/e-scooter owners:

EV Shield Cover

This is a specialised add-on designed for electric two-wheelers. While standard bike insurance typically protects against accidents, fire, and theft, the EV shield protection provides protection against the following:
  • Electrical failures, wiring faults, or short circuits
  • External impacts that damage vital EV components
  • Other EV-specific risks that a regular two-wheeler policy may not cover

Recommended for: Owners who want added security for their e-bike's unique electrical and electronic systems.

EV Battery Protection Cover

The battery is often the most costly and critical part of an e-scooter or e-bike. This add-on offers dedicated coverage for the battery against several risks:
  • Accidental damage (e.g., from a fall or collision)
  • Fire or explosion
  • Water ingress (e.g., rain, floods)
  • Electrical surges or overcharging events

In some cases, protection against battery performance degradation (within the limits specified in policy)

EV Electric Motor Protection Cover

The motor that drives your electric scooter/bike is another expensive and vital component. The EV electric motor protection add-on ensures financial protection if the motor or associated components suffer damage or malfunction due to:
  • Accidents
  • Overheating or burnout
  • Short circuits or electrical faults
  • Water exposure (e.g., rain, floods, moisture)

Recommended for: Frequent riders, or those using their e-bike in challenging weather or terrain conditions.

EV Charger & Accessories Cover

Charging equipment, whether portable chargers or wall-mounted units, is often overlooked; however, it can be vulnerable to damage, theft, or power-related issues. This EV charger & accessories add-on covers:
  • Physical damage to charger/charging cable
  • Electrical faults caused by power surges or voltage fluctuations
  • Theft or loss of charging accessories

Recommended for: Owners who rely heavily on portable chargers or whose chargers are exposed to external risks (shared parking, public chargers, etc.).

Special Covers

Some insurers offer additional EV-focused add-ons under specific labels, such as:

Electric Surge Secure

It covers partial or total loss of the EV or its charging equipment due to electrical faults, self-heating, leakage, short circuits, or water ingress during charging.

Battery Depreciation Allowance

When a battery replacement is claimed under own-damage cover or comprehensive cover, this add-on compensates for the depreciation value deducted from the battery cost (provided the battery is included in Insured Declared Value or endorsed on the policy).

*Note: The above two add-ons Electric Surge Secure (Add-on TA27) and Battery Depreciation Allowance (Add-on TA28) are specifically offered by few insurers under special covers.

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What is Bike Insurance?

What Influences the Cost of an E-Bike Insurance Policy?

Your e-bike insurance premium specifically for own-damage coverage or comprehensive coverage depends on several factors:

  • Make and model of the e-bike: Expensive or premium bikes cost more to insure.
  • Age of the bike: Brand-new bikes draw higher premiums; older bikes often have lower premiums.
  • Insured Declared Value (IDV): A higher IDV means a higher premium; IDV reflects the current market value of the e-bike.
  • Type of coverage: Third-party liability only is the cheapest, standalone OD slightly higher, while comprehensive with add-ons is the costliest.
  • Add-ons selected: EV battery protection cover, EV motor protection cover, EV charger & accessories cover, etc., are popular add-ons which can raise the overall premium.
  • Location/RTO region: e-Bikes or e-scooters registered in metro cities generally have higher premiums than those in smaller towns.
What is Bike Insurance?

Third-Party Premium Rates in India

As per the IRDAI guidelines, the third-party electric bike insurance premium rates are given below for single and multi-year policies. The price of third-party electric bike insurance is decided based on the battery capacity of the two-wheeler:

Battery Capacity
Less than 3 KW
Check premiums
₹457
Insurance Premium
₹2,466
Insurance Premium
Engine Capacity
3 KW up to 7 KW
Check premiums
₹607
Insurance Premium
₹3,273
Insurance Premium
Engine Capacity
7 KW up to 16 KW
Check premiums
₹1,161
Insurance Premium
₹6,260
Insurance Premium
Engine Capacity
More than 16 KW
Check premiums
₹2,383
Insurance Premium
₹12,849
Insurance Premium
*Disclaimer: The third-party electric bike insurance premium mentioned above is as per the IRDAI and is subject to change at any time without prior notice.

How to Buy/Renew an e-Bike Insurance Policy Online?

The e-bike insurance plan comes with a tenure of 1 year or 3 years. After this period, the insurance policy for the electric two-wheeler lapses. To continue with the policy benefits, you must renew it before its expiry. Here is how you can renew your electric bike insurance online:

  1. Visit the official website of Policybazaar Insurance Brokers Pvt. Ltd.
  2. Visit the e-Bike Insurance page.
  3. Enter your registered electronic bike's number and click ‘View Prices.' If you have a brand-new e-scooter/bike, click on ‘Bought New Bike’ & select the required details.
  4. Get e-bike insurance plans from various insurers and choose the most suitable one.
  5. Include the add-ons as per your requirement and check the final premium price.
  6. Pay the premium for e-bike insurance using UPI, credit/debit card, net banking, etc.
  7. Once you make the payment, you will receive a confirmation email for your e-bike insurance renewal.
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How to Calculate Bike Insurance Premium Online?

KYC Documents Required to Buy/Renew Electric Two Wheeler Insurance Online

The IRDAI has introduced the Master Guidelines on Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT), making KYC mandatory for all two wheeler insurance companies to follow strict customer identification and verification procedures.

Here is a list of those mandatory documents that you have to submit in order to buy or renew your e-bike insurance policy in India:

Documents Required for Proof of Identity/Address

  • Aadhar Card
  • Passport
  • Driving License (DL)
  • PAN Card
  • Voter ID Card issued by the Election Commission of India
  • Ration Card with the photo of the applicant

How to File an Electric Bike Insurance Claim Online?

If your electric two-wheeler is damaged in an accident, stolen, or suffers a battery/motor issue due to a covered peril, you can file an e-bike insurance claim. Remember, a third-party electric bike insurance covers only damages caused to another person or property. Own-damage or comprehensive e-bike insurance covers your e-bike, including battery, motor, and charger protection (if add-ons are purchased)

In India, there are two types of claim processes, namely cashless and reimbursement. Both are explained below.

Cashless EV Claim Settlement
Repairs are done at an insurer-approved EV network garage, and the insurer pays the approved amount directly. Ideal when the electric motor, battery, wiring, or other EV components require expert handling.
Reimbursement Claim Settlement
You get the vehicle repaired at any garage, pay the bill, and later claim reimbursement from your insurer. This is useful where EV service centres are limited or far away.

Steps to File an Electric Bike Insurance Claim

  1. Report the incident immediately to your insurer/app, or helpline.
  2. A surveyor or digital inspection will assess the damage to EV components, such as the battery, charger, motor, and wiring.
  3. Submit the online claim form along with the required documents.
  4. Share all supporting reports (service centre assessment, photos, video evidence, if any).
  5. Approval is granted based on policy coverage and assessment.
  6. If cashless:
    Take your e-bike to the nearest authorised EV garage.
    Repairs are done using approved EV parts & procedures.
    The insurer pays the garage directly (you only pay excess or uncovered charges).
  7. If reimbursement:
    Pay the repair bill yourself.
    Submit receipts and proofs to claim the reimbursable amount.

What Insurers Do During an EV Claim?

During an electric two-wheeler claim assessment, the insurer may:

  • Test battery health and diagnose internal faults.
  • Inspect damage to the motor, controller & wiring due to short circuit/accident.
  • Verify whether the charger/accessories used were manufacturer-approved.
  • Check for compliance with proper charging practices.
  • Validate that high-value EV parts are included in IDV or covered under add-ons.

This ensures that the damage is genuine, accident-related, and within the policy's coverage.

Documents Required for an E-Bike Insurance Claim

As an e-bike/scooter owner, you need to keep the following documents handy to raise claims:

Duly filled claim form
e-Bike insurance policy copy
RC (Registration Certificate)
Valid Driving Licence
FIR (In cases of theft or third-party liabilities)
Bills, receipts & repair estimates
Battery test report/service centre assessment (for EV-specific claims)
Proof of loss (images, videos, spot survey report, etc.)
Personal Accident Cover

Conditions to Maintain Valid EV Coverage

To keep your insurance valid and ensure EV-specific claims are honoured:

  • Always use manufacturer-approved batteries, chargers, and accessories.
  • Follow the manufacturer’s instructions for charging and avoid using incorrect adapters or improper charging methods.
  • Ensure the battery is declared in your policy’s IDV (Insured Declared Value) or added via an appropriate endorsement, so battery or EV-component claims will be valid.
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Personal Accident Cover

Things You Should Keep in Mind While Choosing the Right e-Bike Insurance Policy

Here are a few things that need to be taken care of while choosing a policy:

  1. Frequency of use: If you ride daily and over long distances, comprehensive insurance with add-ons is a wise option.
  2. E-bike value & parts cost: For higher-end e-bikes or those with expensive batteries or motors, opt for robust coverage, including EV-specific add-ons.
  3. Budget vs risk: Comprehensive two wheeler insurance plans cost more, but they protect you against big losses. Basic covers are cheaper, but they leave gaps, especially for EV-specific risks.
  4. Choose add-ons carefully: Only pick add-ons relevant to your needs; unnecessary add-ons increase the premium without much benefit.
  5. Renew e-Bike insurance timely: To avoid losing discounts (e.g., No-Claim Bonus) and avoid legal complications.
  6. Read the fine print: Some plans may exclude electrical/mechanical breakdown, battery wear & tear, or misuse. Hence, read the fine print of the policy to get an insight into your policy exclusions.

FAQs- e-Bike Insurance

General
Buying/Renewal
Claim

  • Q. Do e-bikes need insurance in India?

    Ans: Yes. All electric bikes that require registration and a driving licence must have at least third-party bike insurance to ride legally on roads.

  • Q. Do low-speed electric scooters need insurance?

    Ans: Yes. Even non-RTO EVs (speed under 25 km/h) are now required to have a basic insurance plan for liability coverage.

  • Q. Do electric bikes need RTO registration and licence?

    Ans: Yes, if the top speed exceeds 25 km/h or the motor power exceeds 250W, an e-bike must be registered with the RTO.

  • Q. Is helmet compulsory for electric scooters?

    Ans: Yes, it is compulsory for registered EVs. Low-speed non-RTO EV riders are still strongly advised to wear helmets for safety.

  • Q. Are all electric bikes road-legal?

    Ans: Only electric bikes that are registered and meet Indian road safety standards can be operated legally on the road.

  • Q. How much does e-bike insurance cost?

    Ans: The basic plan e-bike insurance premium starts from ₹457/-. The price depends entirely on the model, battery cost, city, IDV, add-ons, etc.

  • Q. What affects electric scooter insurance price?

    Ans: The price is affected by factors such as battery value, vehicle type, chosen coverage, location-specific risk factors, and others.

  • Q. Which electric two wheeler insurance is best?

    Ans: A comprehensive e-bike insurance plan with EV add-ons, such as battery protection and motor cover, offers the best safety.

  • Q. What is 5-year bike insurance for e-bikes?

    Ans: A long-term policy offering 5-year third-party coverage is compulsory for new electric bikes in India. This is one that is offered when you buy a new bike.

  • Q. Can I buy or renew electric bike insurance online?

    Ans: Yes. At Policybazaar.com, you can compare plans, select add-ons, and instantly buy or renew 100% online.

  • Q. How to claim if my electric bike is stolen?

    Ans: File an FIR, inform the insurer, submit ownership documents & claim form, and await settlement as per policy terms. This is a general process and might vary from insurer to insurer. Therefore, please check with the insurer to determine the exact process.

  • Q. Does insurance cover battery and motor failure?

    Ans: It only applies if you have battery protection or electric motor cover add-ons and follow the manufacturer's guidelines.
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Electric/e-Bike Insurance Reviews & Ratings

4.7 / 5 (Based on 793 Reviews)
(Showing Newest 10 reviews)
Raghav
Delhi, August 30, 2024
★★★★★
True Saviour
I was riding home late at night when I lost control and hit my bike on something. My bike was severely damaged, but luckily, I had Reliance General Bike Insurance, which helped me get compensation for the repair costs.
Mayur
Ludhiyana, August 30, 2024
★★★★★
Natural Disaster Coverage
My bike was damaged during heavy rains and flooding in my area. I thought I would have to bear the cost, but on contacting the Policybazaar agent, I learned my SBI Bike Insurance covered the damages. The claim process was hassle-free.
Vinay
Agra, August 30, 2024
★★★★★
Quick Response
I had a misfortune incident when someone tried to steal my bike. Luckily, I learned about it, but the bike was damaged in the process. I filed a claim with my insurance, and the Policybazaar team handled everything quickly. The repair costs were covered, and I didn't have to worry about a thing with Digit Two Wheeler Insurance.
Nilesh
Phagwara, August 30, 2024
★★★★★
Simple Process
I recently purchased HDFC ERGO Two Wheeler Insurance through Policybazaar. I must say, the process is really simple and easy. Highly recommended.
Varun
Pune, August 30, 2024
★★★★★
All time Assistance
Working late one night, I had an accident on my return home. I called the bike insurance helpline number, and thankfully, they were available all time. I am really happy that I took the ICICI Lombard Two Wheeler plan through Policybazaar.
Sohail
Thane, August 30, 2024
★★★★★
Good Experience
I am really happy that I purchased TATA AIG Bike Insurance through Policybazaar. I was able to get the full claim when the bike was damaged in an accident. Thank you!
Pankaj
Mumbai, August 30, 2024
★★★★★
Timely Payout
With Kotak Mahindra Bike Insurance, I was able to get the timely payout when my bike was stolen. I could get a new bike without any financial stress.
Bhavesh
Lucknow, August 30, 2024
★★★★★
Covered Repair Costs
I was riding home late at night when I lost control and hit my bike on something. My bike was severely damaged, but luckily, I had Reliance General Bike Insurance, which helped me get compensation for the repair costs.
Nihal
Jharkhand, August 30, 2024
★★★★★
Big Relief
I had an accident when I was returning from my office. My bike was severely damaged. I'm really happy that the insurance covered all the repair costs, and I didn’t have to spend a penny from my pocket.
Rahul
Merath, August 30, 2024
★★★★★
Great Customer Support
I was unsure about the coverage options for my two wheeler but the customer service team at Policybazaar was very patient and helpful in answering my questions. They guided me through the process, and I’m now insured with National Two-Wheeler Insurance. It was a smooth experience from start to finish!
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^The buying/renewal of insurance policy is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. Actual time for a transaction may vary subject to additional data requirements and operational processes.

*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.

*Rs 538/- per annum is the price for third party motor insurance for two wheelers of not more than 75cc (non-commercial and non-electric)

#Savings are based on the comparison between the highest and the lowest premium for own damage cover (excluding add-on covers) provided by different insurance companies for the same vehicle with the same IDV and same NCB.

*₹ 1.5 is the Comprehensive premium for a 2015 TVS XL Super 70cc, MH02(Mumbai) RTO with an IDV of ₹5,895 and NCB at 50%.

*₹457/- per annum (₹1.3/day) is the price for third-party motor insurance for private electric two-wheelers of not more than 3KW (non-commercial). Premium is payable annually. The list of insurers mentioned is arranged according to alphabetical order of the names of insurers respectively. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For the complete list of insurers in India, refer to the Insurance Regulatory and Development Authority of India website: www.irdai.gov.in

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