IDV-based pricing
Your premium is based on the Insured Declared Value (ex-showroom minus depreciation). New cars get the highest IDV.
EV Insurance Estimator
How much will your EV insurance cost?
Estimate comprehensive, third-party, and own-damage insurance premiums for any EV. See IDV, NCB discounts, add-on costs, GST, and a 5-year projection — plus how much EVs save vs petrol car insurance.
3 cover types6 add-ons5-year projectionEV vs petrol
Insurance details
Adjust to see your premium update live.
Estimated premium
Rs. 46,588
/ year
Comprehensive · IDV Rs. 7,50,000 · NCB 0%
Base premium
Rs. 31,793
Add-ons
Rs. 7,688
GST (18%)
Rs. 7,107
IDV
Rs. 7,50,000
EV insurance advantage
You save Rs. 5,250/year vs a similar petrol car
EVs get ~15–20% lower own-damage rates due to fewer moving parts and lower fire risk.
Premium breakdown
| Own Damage premium | Rs. 26,250 |
| Third Party premium | Rs. 5,543 |
| Comprehensive (OD + TP) | Rs. 31,793 |
| NCB discount (0%) | - — |
Insurance add-ons
Toggle add-ons to see how they affect your total premium.
5-year insurance projection
| Year | IDV | Est. premium | vs Year 1 |
|---|---|---|---|
| Year 1 | Rs. 14,25,000 | Rs. 52,924 | = — |
| Year 2 | Rs. 13,50,000 | Rs. 48,068 | ↓ Rs. 4,856 |
| Year 3 | Rs. 12,75,000 | Rs. 43,474 | ↓ Rs. 9,450 |
| Year 4 | Rs. 12,00,000 | Rs. 39,143 | ↓ Rs. 13,781 |
| Year 5 | Rs. 11,25,000 | Rs. 35,074 | ↓ Rs. 17,850 |
Premium decreases as IDV depreciates and NCB accumulates. Estimates assume no claims.
EV insurance tips
- Always add Battery Coverage — EV batteries are the most expensive single component (30-40% of car value).
- Zero Depreciation is strongly recommended for the first 3 years to get full claim settlement without deductions.
- EVs have fewer moving parts, so own-damage premiums are 15-20% lower than equivalent petrol cars.
- NCB carries over from your petrol car — ask your insurer to transfer it when you switch to an EV.
- IRDAI has mandated separate EV insurance guidelines — always verify your policy covers battery and charging equipment.
How EV insurance works
NCB rewards
No Claim Bonus gives you 20–50% off your OD premium each year you don't file a claim. It compounds!
EV-specific benefits
EVs get lower OD rates than petrol cars and qualify for dedicated battery + charging equipment coverage under IRDAI guidelines.