Do you have an electric car and are looking for the best insurance option to ensure security in the event of unexpected events? You can find the top insurance companies for EVs in India and learn about their pricing, features, and everything here.
Electric Car Insurance in India 2025
The electric vehicle market is growing in India, as sales grew by 16.9% in the FY 2025. While buying a new vehicle, you also get insurance to save your money from the unexpected expenses that can affect your pocket due to unexpected events.
EV insurance can have a higher premium than the petrol/diesel cards due to their higher cost.
Electric car insurance is offered by many insurance companies, with growing demand; however, with so many choices, it can be hard to choose the best one or the one that meets your needs.
To make things easy for you, we have curated the list of the top EV insurance companies in India.
- Tata AIG General Insurance
- HDFC ERGO General Insurance
- ICICI Lombard General Insurance
- Reliance General Company Insurance
- Bajaj Allianz General Insurance
Tata AIG General Insurance
Tata AIG understands that EVs are built differently, and it’s important to ensure the different components are secured. Hence, to offer a beneficial deal to their customers, the company has specially designed the EV insurance coverage, with add-on policies and others.
What is included in the coverage?
- Man-made disasters
- Natural disasters
- Theft
- Accident
- Third-party liabilities
- Transit damages
- Self-ignition
Excluded
- Driving without documentation
- Driving outside the eligible geographical areas
- Reckless driving
- Driving after consuming an illegal substance or alcohol
- General Wear and Tear maintenance.
Pricing & Feature:
- Pricing depends on the car model (Entry-level, mid-range, or premium), coverage type, and add-on policies; however, as per the IRDAI rates, it can range from ₹2094 to ₹6712.
- Easy claims
- 12 Add-ons, such as no claim bonus, tyre protection cover, daily allowance cover, personal accident cover, etc.
- Online services
HDFC ERGO General Insurance
HDFC ERGO insurance company has add-on covers for electric cars to ensure protection for the battery charger and other EV accessories. The battery is a major concern for electric car owners, so having it would be a win-win situation.
What is included in the coverage?
- Natural and man-made disasters
- Explosion and Fire
- Accidents
- Theft
- Personal Incident Cover
- Third-party liability
- In-Transit damage
What is not included?
- Illegal Driving
- Repairs due to Electrical and mechanical breakdown
- Driving outside geographical areas
- Normal wear and tear for an ageing vehicle
- Consequential loss
- Inappropriate use of EV
Pricing & Features:
- Premium begins from ₹2094
- No claim bonus
- Add-ons
- Overnight vehicle repair
- 8700+ network garages
ICICI Lombard General Insurance
ICICI Lombard electric car insurance helps cover the high repair costs and offers you protection from unexpected events.
What is included in the coverage?
- Third-party liabilities
- Legal liabilities
- Natural disaster
- Theft
- Accident and terrorist activities
- Up to 50% No claim bonus
What is excluded?
- Loss or damage due to war or nuclear risk, or mutiny
- Ageing Car tear & wear
- Consequential loss
- Damages due to driving under the influence of alcohol or drugs
- Driving with no proper documentation
- Electrical or mechanical issue
Pricing and features:
- Premium begins from ₹2094 a year
- Add-ons benefits
- Engine protection cover
- Roadside assistance
- Garage
- Zero depreciation
- Doorstep cashless repair
- ₹15 lakh personal accidental coverage
Reliance General Company Insurance
Reliance Insurance Company offers a great deal to its customers, offering protection for their electric vehicles.
What is included in the coverage?
- Third-party liabilities
- Natural or man-made disaster
- Theft
- Accidental or collision cover
- Explosion or fire
- Animal attack
- In-transit
- Personal Accident
What is excluded?
Ageing Car tear & wear
- Consequential loss
- Damages due to driving under the influence of alcohol or drugs
- Illegal driving
- Driving with no proper documentation
- Electrical or mechanical issue
- Pre-existing damage
- War or mutiny damage
- Depreciation
Pricing & Features
- Pay-as-you-drive, offering pricing based on kilometers
- Premium starts at ₹238 a month
- 99.57% claim ratio
- Discount on online car insurance
- 10+ Ad-ons
- 24/7 customer assistant
Bajaj Allianz Car Insurance
Bajaj Allianz is another top insurance company that offers protection to electric cars at an affordable price.
What is included in the coverage?
- Third-party liabilities for injury and property damage
- Natural or man-made disaster
- Theft
- Accidental or collision cover
- Explosion or fire
- In-transit
- Personal Accident
What is excluded?
- Ageing Car tear & wear
- Intentional damage
- Illegal activities damage
- Driving outside geographical areas
- War or mutiny-related damage
- Overloading vehicle damage
Pricing & Features
- Premium starts at ₹1780
- 7+ Add-ons, such as motor protection, zero depreciation, roadside assistance, lock & key replacement, personal baggage cover, consumable cover, and others
- On-spot claim
- 24/7 customer support
Your car insurance is a must, and if you have an electric car, you should check the add-ons to see if you have battery, motor coverage, or others that can help you save more money as you spend on premiums.
