EV Insurance — 10 Common Questions

Yes. IRDAI mandates 15% discount on Own Damage premium for EVs. Combined with lower fire risk and fewer moving parts, EV insurance is typically 10-20% cheaper than comparable petrol cars.

Legally yes — third-party is mandatory. But it doesn't cover your own car. For a ₹10+ lakh EV, comprehensive insurance with zero depreciation is strongly recommended.

Also called 'bumper-to-bumper', this add-on pays full replacement cost without depreciation. Critical for EVs since battery and electronic components are expensive to replace. Typically adds 15-25% to premium.

Under comprehensive + zero dep policies — yes, battery damage from accidents is covered. Normal battery degradation is NOT covered (handled by manufacturer warranty).

Based on kilowatt rating (kW) instead of engine CC. IRDAI 2026 tariff: <30 kW = ₹1,780, 30-65 kW = ₹2,901, >65 kW = ₹6,712/year. These rates are uniform across India.

1) Zero Depreciation (critical), 2) Road-Side Assistance (range anxiety backup), 3) Motor/Battery Protection (for water damage), 4) NCB Protect (preserve no-claim bonus), 5) Return to Invoice (if car is totalled).

Yes — accidental damage while charging (electrical shorts, fire) is covered under comprehensive policies. Flood damage to charging components is usually covered with zero-dep.

Cashless at authorized garages: 3-7 days for minor work. Major repairs involving battery/motor: 2-4 weeks due to parts availability. Digital claim filing speeds up the process.

Yes — insurance is transferred with the car. Paperwork needs to be updated within 14 days of ownership transfer. The new owner pays nothing additional; only paperwork needed.

Very — in addition to normal breakdowns, EVs can strand you with depleted batteries. RSA includes towing to the nearest charging station, which is invaluable for long trips.