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Bike Insurance for Electric Vehicles/e-Bikes & Two Wheelers
What is an Electric Bike Insurance?
Electric bike insurance is a type of motor insurance that protects two-wheelers that run on electricity from potential damages and losses, which might happen in the case of an accident, a natural calamity or fire.
Electric bikes, also called e-bikes or electric two-wheelers, are becoming more and more popular on the road as environment friendly, and (mostly!) noise-free alternatives to regular bikes.
Just like regular two-wheelers need petrol as fuel, these ones need to be charged with electricity (like a giant smartphone).
Electric two-wheelers are still a pretty new concept in India but getting a bike insurance policy for your electric two-wheeler is not so different than the process followed for a regular fuel-driven bike.
Why should you buy an Electric Bike Insurance?
You can never predict what might happen to your beloved new electric two wheeler. While the electric bike industry is still emerging, and the rules and regulations haven’t yet been established firmly, e-bikes are pretty expensive.
They also tend to have a lot of complex technology and electrical and mechanical parts that could give you trouble at any time. So, like any other vehicle, having an insurance can be a great savior in an unfortunate event and can help you ride without any worries.
Also, as per the Motor Vehicle act, it is mandatory to have a minimum third party two-wheeler insurance in place.
What is covered in an Electric Bike Insurance by Digit?
Electric Two Wheeler Insurance Premium Calculator
Two-wheeler insurance premiums are based on many factors, like kilowatt capacity, make, model, and age.
| Two-wheelers with kilowatt capacity (KW) | Premium rate for one-year policy | Premium* rate for long-term policy |
| Not exceeding 3 KW | ₹457 | ₹2,466 |
| Exceeding 3 KW but not exceeding 7 KW | ₹609 | ₹3,273 |
| Exceeding 7 KW but not exceeding 16 KW | ₹1,161 | ₹6,260 |
| Exceeding 16 KW | ₹2,383 | ₹12,849 |
What's not covered?
It is equally important to know what’s not covered in your electric two-wheeler insurance policy, so that there are no surprises when you make a claim. Here are some such situations:
In the case of a Third-Party Bike Insurance or Liability Only Bike Policy, damages to own vehicle won’t be covered.
Your electric bike insurance won’t cover for you in situations where you were riding drunk or without a valid two-wheeler licence.
If you hold a learner’s licence and were riding your two-wheeler without a valid licence-holder on the pillion seat- then your claim in those situations won’t be covered.
Any damage which is not a direct result of the accident (e.g. after an accident, if the damaged two-wheeler is being used incorrectly and the engine gets damaged, it is considered as consequential damage and it will not be covered)
Any contributory negligence(e.g. damage due to driving a two-wheeler in a flood, which is not recommended as per the manufacturer’s driving manual, will not be covered)
Some situations are covered in add-ons. If you haven’t bought those add-ons, the corresponding situations will not be covered.
Why choose an Electric Bike Insurance by Digit?
How to file a Claim?
After you buy or renew your electric two-wheeler insurance plan with us, you can forget about complicated processes as we have a 3-step, completely digital claims process!
Step 1
Just call on 1800-258-5956. No forms to be filled.
Step 2
Get a link for Self-Inspection on your registered mobile number. Shoot your vehicle’s damages from your smartphone through a guided step by step process.
Step 3
Choose the mode of repair you wish to opt for i.e. Reimbursement or Cashless through our network of garages.
FAQs about Electric Bike Insurance in India
Is it necessary to Insure an Electronic Bike in India?
When e-bikes were first introduced, it wasn’t necessary to register or insure any bike that fell under the category of 250 watts and had a maximum speed of 25kmph. However, recently the authorities plan to include electronic bikes under the Motor Vehicles Act.
This would mean that the owners of electric two-wheelers will have to follow all same the rules for fuel-based two-wheelers, like registration, having insurance, wearing a helmet, etc.
Which type of bike insurance is best?
A comprehensive bike insurance is usually considered as the best option for all kinds of two-wheeler insurance as it comes with more extensive coverage. Moreover, given that electric bikes are slightly more expensive – it is recommended you go for an insurance that will cover it completely.
A comprehensive insurance for your electric bike will cover the mandatory third-party liability Insurance coverage benefits, plus own damages, and anything else you may want to add by opting for one or more add-on covers available with Digit.