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e-Rickshaw Insurance Price & Policy Renewal Online 2025
All the e-rickshaw owners in India need to secure their commercial electric rickshaws from damages, theft, third-party liabilities and to comply with the law, which makes it necessary to have an e-rickshaw insurance policy in place.
So, here’s an e-rickshaw insurance guide to help electric rickshaw owners buy or renew the policy in a hassle-free manner.
What is E-Rickshaw Insurance?
An e-rickshaw insurance is a type of commercial vehicle insurance policy that serves as a protection for electric three-wheelers against any unforeseen damage or loss resulting from accidents, theft, natural calamities, etc.
In India, it is mandatory by law to have at least have a third-party e-rickshaw insurance policy. However, for added protection, you can get comprehensive e-rickshaw insurance or Own Damage plan as well.
You can avail yourself of the e-rickshaw insurance online policy at an affordable and customized premium at Digit Insurance.
How Does E Rickshaw Insurance Work?
Commercial vehicle insurance is a contract between you and the insurance company. You pay a small amount as the premium and in turn the insurer provides you with financial protection for your vehicle against damages due to accidents, natural disasters, theft, and other unforeseen events. Here's how it works
Choose a Policy
You choose the type of commercial vehicle insurance plan, including the appropriate add-ons that suit your needs and budget
Buy or Renew Policy
As per your chosen commercial vehicle insurance plan, you can buy or renew car insurance online instantly with Digit and renew your policy with minimal paperwork.
Pay Premium
After purchasing the policy, you have to pay regular payments or commercial vehicle insurance premium to the insurance company, either annually or in installments.
File a Claim
File a claim with your insurer and provide the required documents. After damage assessment, the insurer will settle the claim as per the policy terms.
Is Having E-Rickshaw Insurance Mandatory?
Yes, as per the Motor Vehicles Act, it is compulsory for all vehicles driving on Indian roads to have at least an active Liability Only Policy in place that covers damages caused to third parties by your electric rickshaw. Without this, you would have to pay a penalty and can even be jailed.
However, if you have a business using multiple e-rickshaws or if you use e-rickshaw as a primary source of income then you should go for Standard Package Policy, as it covers damages caused to your own vehicle and the owner-driver in addition to third-party liabilities.
Why Should You Get E-Rickshaw Insurance?
An electric auto rickshaw insurance policy is needed because of the reasons listed below:
It is mandatory for all e-rickshaw owners and for businesses that own e-rickshaws to buy a Third-party Liability Only Policy as per law as it covers the business financially if the vehicle suffers damage or causes damage to a third-party vehicle, property, or person.
E-rickshaw insurance also helps the vehicle owner against any losses due to factors like accidents, thefts, fires, terrorist activities, natural calamities, and other unforeseen circumstances.
Having a policy ensures that you don’t face any unplanned losses or downtime.
An e-rickshaw insurance also assures that your customers/passengers that you’re a responsible business and are serious about your work.
Why Choose E-Rickshaw Insurance by Digit?
Digit’s Motor Insurance Claim Settlement Ratio is 96% for FY’25
When it came to motor insurance specifically, Digit showcased a high-efficiency Claims Settlement Ratio (CSR), with 96% of motor claims settled seamlessly and we make this simple with:
Smartphone-enabled self-inspection process, with which you can file your claim in minutes!
Cashless Claims at over 9000 garages in India, so you can get your two-wheeler fixed without stress.
Everything digital and paperless. No need for hard copies—just upload everything on our app, and you're all set!
Digit Motor Insurance in News!
Go Digit posts 3x jump in Q2 net profit; gross premium collected at Rs 2,368 crore
- 24 Oct 2024
- The Economic Times
Drive less, pay less: Why 'Pay as You Drive' insurance may be right for you
- 21 Aug 2024
- Business Standard
Pay As You Drive (PAYD): Motor insurance ad-on that customises your premium as per driving distance
- 1 Mar 2024
- Zee Business
Dogs, coconuts and monkeys: Insure your vehicles from their mayhem right now!
- 20 June 2024
- Business Insider
What's Covered in E-Rickshaw Insurance?
What’s Not Covered?
Now that you know what’s covered under the policy, let us look at what is not covered under Digit’s electric rickshaw insurance policy.
Any damage to the e-rickshaw that is not a direct result of the accident or natural calamity is not covered by the policy.
If the person is driving the vehicle without a valid license or when drunk, the damage caused to the e-rickshaw will not be covered.
Any accidental loss or damage and/or liability caused, sustained or incurred outside the geographical area.
Any claim arising out of any contractual liability.
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
Add-ons Available with E-Rickshaw Insurance
Digit offers the following 8 add-ons with the e-rickshaw insurance policy to provide enhanced protection for passenger carrying vehicles. Choose the ones most suitable for you to get better coverage.
Your e-rickshaw's bits and pieces, like the nuts and bolts, screws, and grease are covered under the consumable add-on in case they are damaged or lost in an accident.
This add-on offers you peace of mind by removing depreciation costs on the vehicle parts during claim settlements. So, you get a higher payout at the time of claim with Zero Dep add-on.
The key and lock replacement add-on covers the cost of replacing locks and keys, installing a new lock set etc., in the insured electric three-wheeler if its lockset is damaged or the keys are lost.
The breakdown assistance add-on has your back 24x7. It assists you in case your e-rickshaw breaks down on the road due to an accident, flat tires, malfunctioning battery, or other factors.
If you have incurred any loss of income when your e-rickshaw was not available when it was being repaired due to damage, then this add-on will compensate you for the amount.
Under this add-on, you will be compensated for the additional expenses incurred when your e-rickshaw is being towed from the spot of accident to the nearest garage or place of safety.
If your e-rickshaw is taken on a loan and is being repaired in a garage due to damage in an accident, it might cause a loss to your business. However, with this add-on, you will be paid regular EMIs payable to the financier of the vehicle recorded in our books.
Under return to invoice cover you will be compensated in case of a total loss/constructive loss or if your e-rickshaw is stolen. You will get the amount or a new electric auto at the prevailing ex-showroom price, which will be the same make, model, and variant. However, if it is discontinued, you will be paid the difference between the last available ex-showroom price and claim payable under OD section of the Base Policy.
Additional Coverages or Endorsements Available
Digit also offers optional covers for electric 3-wheeler insurance, which provide enhanced coverage to protect in all circumstances, including:
A personal accident cover protects the owner-driver against bodily injury or death in case of an accident. Also, it is mandatory by law in India, so if you don’t already have this cover get it with your e-rickshaw insurance policy plan.
E-rickshaw is a passenger carrying commercial vehicle, so, it becomes important to have this coverage to protect the passengers against injury, who might be sitting in the vehicle at the time of an accident.
This additional cover protects your e-rickshaw business against any legal liability that may arise due to an injury caused to your employees or someone who works for you.
Get this endorsement to cover for losses or damage to electric rickshaw’s lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork in all circumstances, even if the vehicle is partially damaged.
This add-on will cover damage or loss of any electrical accessories fitted in your e-rickshaw, which is not a part of the manufacturer’s model.
This add-on covers damage or loss of any non-electrical accessories fitted in your electric three-wheeler, which is not a part of the manufacturer’s model.
This cover helps reduce your premium as you are then required to pay only a certain amount as your share of the loss, called the compulsory deductible in case of any loss. The add-on also cover the loss or damage to lamps, tyres, tubes, mudguards, bonnet, side part bumpers, headlights and paintwork if your e-rickshaw is completely damaged.
Key Features of e-Rickshaw Insurance by Digit
Third-Party vs Comprehensive Auto Rickshaw Insurance11
| Liability Only | Standard Package |
Damages caused by your e-rickshaw to any third-party person or property |
|
Damages caused by your e-rickshaw to a third-party vehicle |
|
Loss or damages to your own electric rickshaw due to natural calamities, fire, theft or accidents |
|
If the owner-driver of e-rickshaw doesn’t already have a Personal Accident cover in his name |
|
| Get Quote | Get Quote |
Third Party Premiums for E-Rickshaws
Here is the e-rickshaw insurance price list for third party plans in India. These prices are fixed by the IRDAI in 2024 for electric three-wheeler vehicles carrying passengers, with a capacity of up to six passengers.
Documents Required to Buy Commercial Vehicle Insurance Online
To buy Digit commercial vehicle insurance online, a load of paperwork is not required. Furnish only the following documents to buy a new two-wheeler insurance policy within minutes:
How is AI making Digit’s Motor Insurance Claim Process Faster & Smarter
At Digit, we believe filing a motor insurance claim should be simple, not stressful. That’s why we’ve built intelligent automation into every step of the process—so you can get back on the road, faster.
- AI That Sees What You See: When you upload a video of the damage through our app, our AI doesn’t just watch—it analyses. Using advanced image recognition, it assesses the extent of the damage, classifies it, and helps determine the next steps. This means quicker evaluations, fewer delays, and a smoother experience for you.
- Automated Document Processing: From inspection reports to claim forms, our AI systems automatically sort and process your documents. This reduces manual effort, minimises errors, and speeds up approvals. And with a human-in-the-loop approach, we ensure every claim is handled with both precision and empathy.
- Automation That Works Behind the Scenes: Our systems also fetch claim details directly from partner platforms, eliminating the need for repetitive data entry. Whether it’s Bulk Policy Issuance or real-time claim registration, automation helps us move faster—so you don’t have to wait.
69% Motor Repair Work Approvals Done within 12 Hours
In H2 FY25, our average vehicle repair approval time was 15 hours and 36 minutes, with 69% of approvals completed within 12 hours. Only 7.47% of cases experienced longer wait times, typically due to complex assessments or the need for additional documentation, highlighting our commitment to minimising delays and maximising efficiency.
Rest assured, we carefully monitor every step to ensure your vehicle is back on the road as swiftly as possible!
Digit Settled 9.16 Lakh Claims with 99.9950% Accuracy in FY'25
The below data is for all the products as given in the table below.
Settled 9.16 Lakh Claims Settled
That’s how many times we showed up for our customers in FY 2024–25. Behind each of those numbers is a mishap, and we were right there, making sure things got sorted quickly.
Out of these, nearly ₹6.52 lakh were motor insurance claims alone—proof that we’re there when it matters most, whether it’s something trivial or serious.
₹4,622 Crore Paid in Claims
From minor hiccups to major emergencies, we made sure our customers didn’t have to carry the financial burden alone. Quick settlements, zero confusion, and real peace of mind.
Of this, ₹2,199 crore was paid out under motor insurance, covering everything from accidents to unexpected situations like rat damage.
99.9950% Claims Accuracy
Out of 9.16 lakh claims in FY 2024–25, only 256 were escalated to the Hon’ble Ombudsman^. Out of which only 46# were escalated and ruled in favour of the customer. This significantly proves the claim's accuracy rate of 99.9950%.
For Motor Claims, out of 256 escalated claims for Digit, just 124 were motor-related. By year-end, 104 motor claims were closed, with 28 resolved through mediation. Only 26 health claim decisions went in favour of customers.
Ombudsman Complaints for FY 2024-25
The below information is a summary of escalated claim cases reviewed by the Hon’ble Ombudsman in FY 2024–25.
Disclaimer: ^This data pertains to cases reported to various offices of the Hon’ble Insurance Ombudsman. Customers have the option to approach the Consumer forum as well; #Only includes complaints arising from claims. The company had a total of 11 complaints arising from non-claims, i.e., policy-related grievances (5 won, 2 settled, 1 lost, and 3 outstanding). One non-claim complaint where the decision went in favour of the complainant is not included in the numerator while calculating claims accuracy.
Interesting Claim Stories & Insights from Digit Customers
Dogs Cause ₹1.5 Lakh in Auto Rickshaw Damages in Panvel
In Panvel, owning an auto rickshaw comes with its own set of challenges, but it’s not potholes or traffic that cause the most trouble. It’s dogs. Yes, you read that right. This year, encounters with canines have resulted in repair claims surpassing ₹1.5 lakh, illustrating that sometimes the most significant dangers on the road come with four legs and a wagging tail.₹4 lakh claim after Cow topples JCB in Raigad
In Raigad, a JCB operator had a day they’ll never forget. A cow darted across the road, and in the blink of an eye, the machine flipped—yes, flipped. The result? A claim of over ₹4 lakh. It’s not every day you see a JCB somersault, but when the unexpected happens, the right insurance doesn’t hesitate. We step in, cover the damage, and keep the work going.How to Choose the Right E-Rickshaw Insurance Policy?
- Here’s what all you need to look for to pick the right motor insurance for your electric three-wheeler:
- Right Insured Declared Value (IDV): The e-rickshaw insurance price significantly depends on the IDV. It is the manufacturer’s selling price of the e-rickshaw you want to insure, which also includes depreciation amount on its parts. So, to get the right e-rickshaw premium price, make sure your IDV is stated correctly.
- Review Add-Ons: Review all the add-ons available and get only the ones most suitable for you. This will ensure the best e-rickshaw insurance price and provide enhanced coverage.
- Service Benefits: An insurance policy should be there for you at any time. So, look for a policy with 24x7 Customer Support and a wide network of cashless garages, among other services.
- Claim Speed: Getting your claims settled on time is the most important aspect of any insurance policy. So, pick an insurance company to get the best experience.
Factors Affecting E-Rickshaw Insurance Premium
Check these factors before buying e-rickshaw policy online as these will affect your e-rickshaw insurance price:
Model, Engine & Make of the Vehicle: The e-rickshaw insurance premium amount is largely determined by its make and model. So, check your electric rickshaw’s model and make, type of fuel, its manufacturing year, and other additional features to get an idea of the premium price.
Location: The place you register and choose to ride your e-rickshaw also affects the insurance premium. For example, if you drive in metropolitan cities with a lot of traffic and accident rates, you would be charged a higher premium, as compared to safer and smaller cities.
No-Claim Bonus: If you already have an insurance policy and want to do e-rickshaw insurance renewal online, then check your ncb before doing so. You might get your premium at a discounted rate if you haven’t filed a single claim in the previous policy term.
Type of Insurance Plan: The type of e-rickshaw insurance plan you opt for also determines its premium amount. A third-party policy is the most basic and affordable one, while the comprehensive policy will charge you more premium depending on various factors.
Electric Auto Rickshaws in India in 2025
Here is a list of the most popular electric three-wheelers in India in 2025:
Disclaimer: All the above prices are ex-showroom prices in Delhi and may differ in other cities.
FAQs about E-Rickshaw Insurance
Is it compulsory to have electric auto rickshaw insurance?
Yes, as per the Motor Vehicles Act, it is mandatory to have e-rickshaw insurance. You need to have at least a liability only policy to ride an e-rickshaw in the country.
What is insured declared value?
The amount which you are eligible to get the coverage for is known as the insured declared value of the insurance policy.
Will the insurer proceed with the claim process and compensation even if the required documents are not submitted?
To get the claims settled, you need to submit all the documents. Until that is done, the claim settlement process won’t be initiated by the insurer.
Are passengers in an e-rickshaw covered in both standard and liability only e-rickshaw insurance policy?
Yes, since passengers are considered third-party, they are covered.
Does no-claim bonus affect the premium payable for the policy?
Yes, no-claim bonus does affect the premium.
Can I get insurance for the driver/owner of the electric auto rickshaw?
Yes, you can buy a Personal Accident Cover under the e-rickshaw insurance policy that will cover owner/driver and even passengers against injury due to an accident.
How can I buy an e-rickshaw insurance online from Digit?
To buy e-rickshaw insurance policy from Digit, visit our website or app, provide your details, select insurance plan, complete KYC, make payment, and you’re done!
What is the difference between Liability Only e-rickshaw policy and a Standard policy?
A Liability Only e-rickshaw policy will only cover damages and losses to third parties. Whereas a Standard e-rickshaw policy covers both third-party damages and own damages.
What should I do if my e-rickshaw gets into an accident?
In such a case, call us immediately on 1800-258-5956 and we will help you from thereon.
Can I insure a large fleet of e-rickshaws as part of my company with Digit's e-rickshaw insurance?
Yes, Digit allows you to insure as many e-rickshaws as you want. However, one policy will cover only one vehicle.
How is the e-rickshaw insurance price determined?
The e-rickshaw insurance premium can be determined depending on various factors including the type of electric rickshaw, its cc, location of vehicle, seating capacity, vehicle weight, and more.
How much is auto rickshaw insurance premium amount?
IRDAI has fixed the basic e-rickshaw third party insurance price at ₹1,539, while ₹737 is the additional price for each passenger.
Are add-ons available on my e-rickshaw insurance policy?
Yes, Digit allows you to opt from a list of various add-on covers that are available only with a comprehensive e-rickshaw insurance policy.
Who can buy an e-rickshaw insurance policy in India?
Every e-rickshaw owner, whether owning a single auto-rickshaw or owning an e-rickshaw business, is eligible to buy e-rickshaw insurance policy in India.
Do I need any documents to renew electric auto rickshaw insurance?
No, if you’re renewing your policy with Digit, you do not need to provide any documents.
Can I get a discount of up to 50% under the electric three-wheeler insurance policy?
Yes, under the No Claim Bonus benefit you can get a discount of up to 50%, however, you are only eligible if you have not raised a claim for 5 consecutive previous policy terms.
Where can I get my electric rickshaw repaired in case of damage?
If your e-rickshaw is insured with Digit, you can use any of our garages spread across India. You can also get your vehicle repaired at another garage of your choice and get the required amount reimbursed from us. Click here to check our network of garages.
Does Digit provide towing facility to the damaged e-rickshaw?
Yes, with Digit you get quick and hassle-free towing facilities in case your e-rickshaw stops or gets damaged in the middle of the road.
How can I reduce my e-rickshaw insurance price?
To save on your e-rickshaw insurance premium price, you should choose the right IDV, keep your driving record clean, get timely e-rickshaw insurance renewal online, compare insurance quotes online, and get only the appropriate add-ons.
Is total loss covered under electric three-wheeler insurance by Digit?
Yes, Digit covers the cost of total loss only when the estimated repair cost of insured e-rickshaw exceeds 75% of its IDV.