Electric two-wheelers, also known as e-bikes, are expensive and dangerous due to their inherent limitations. However, finding electric bike insurance providers typically covering electric two-wheelers may take a lot of work. Which does not mean you should leave your e-bike uninsured. You will likely find insurance options for your e-bike to compare and select the one that ideally meets your needs. 

Electric vehicle two-wheeler insurance – 

In India, the risks associated with electric two-wheelers are limited because they provide comparable controlled speed and performance to motor vehicles. However, it is critical to insure your e-bike against various damages and losses that may occur to the vehicle due to multiple incidents. 

Why do you need two-wheeler insurance for your e-bike? 

Most people in India do not consider two-wheeler insurance important because they rarely use it. They can never predict when or how a tragedy will strike. Such incidents may result in physical injuries and vehicle damage or loss.  

Without a two-wheeler insurance policy, all such losses and expenses must be borne by the vehicle’s owner. And these costs can quickly add up. All these risks are covered by an e-bike insurance policy. In addition, the Motor Vehicles Act of 1988 made two-wheeler insurance mandatory. 

Two-wheeler insurance types – 

If you want to buy an insurance policy for your electric bike, you should be aware of two types of policies: 

  1. Third-party liability insurance:  

This is the most basic type of electric vehicle insurance that is required in India. The policy primarily protects the policyholder from any financial or legal liabilities resulting from losses or damage to a third party or their property. It also covers the vehicle’s owner. 

  1. Comprehensive two-wheeler insurance policy:  

A comprehensive two-wheeler insurance policy will provide you with a broader range of protection. It protects the policyholder against a wide range of man-made and natural disasters. 

The following are some key reasons you should never go without two-wheeler insurance for your electric bike. 

  1. Coverage for e-bikes is limited: 

Due to the lack of widespread adoption of e-bikes, an electric bike is insured in the same manner as a motorised vehicle. In India, traditional insurance providers typically provide limited coverage for EV policy India.  

Some insurance companies even refuse to insure electric bikes because they do not require registration. As a result, it is critical to weigh your options and select the policy that provides the ideal coverage at the lowest cost. 

  1. E-bike insurance is reasonably priced: 

Especially in India, where e-bikes are yet to become a popular way to commute, most available electric two-wheeler models do not go beyond the speed of 60 km/hr. This makes them ideal for city commutes where you may need to be able to go fast due to heavy traffic.  

Lower speed means lower risk, which is why it should not be too expensive, as in motor vehicles with a higher cubic capacity, giving riders more power. You can also tailor your electric bike insurance policy to meet your specific needs. A typical comprehensive insurance policy will provide you coverage against various risks, such as losses or damages caused by theft, collision, crash, fire, and other natural and man-made disasters. 

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale. 

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