Electric Bike Insurance

A comprehensive electric bike insurance to Protect your Electric Bike & Electric Scooter

When the future is EV, why not secure it?


The vehicle of tomorrow needs to be secured today!

Enjoy the ride on the future of mobility with an electric bike insurance. As you go about protecting the environment with your e-bike or e-scooter, Kotak electric bike insurance will secure your vehicle, come what may. Extend the cover of protection on your new electric ride by getting electric bike insurance or electric scooter insurance now.

What is an Electric Bike Insurance?

Electric two-wheeler insurance is an insurance policy offered to protect two-wheelers running on electricity. The coverage provided includes both electric bike insurance as well as electric scooter insurance. Just like any other motor insurance, the policy typically covers third-party liabilities, potential damages, and losses to the vehicle arising from accidents, natural calamities or fire. In recent years, e-bikes and scooters have turned out to be a sustainable alternative to regular fuel-driven bikes. Given its widespread adoption and the rising popularity of electric vehicles, insurance for e-bikes has become the need of the hour. If you own an electric bike or scooter, you got to have electric bike insurance in place to continue driving on the path of protection, especially in India, where it is mandatory to have electric two-wheeler insurance by law. So before you set out riding on your new EV, remember to get a secure insurance for your e-bike.

Which Electric Scooters need Insurance?

It is recommended to insure your favourite electric scooter against any possible occurrence, be it natural or man-made. According to the Motor Vehicle Act 1988, if your vehicle has above 250W of motor power and exceeds the speed of 25 km per hour, it is necessary to have a third-party insurance on your electric scooter. There are a host of electric rides available in India that require e-scooter insurance for road use. Kotak offers electric scooter insurance for renowned brands like Ampere, Ather, Bajaj, Bgauss, Hero Electric, Okinawa, Ola, TVS, and many others. Possessing an e-scooter insurance keeps you secure from accidents, mishaps, or unpredictable events, including theft. Given the fact that e-scooters are not immune to such occurrences, it is always better to secure them with an electric scooter insurance policy against every disaster coming your way.

Benefits of purchasing Insurance for Electric Bike

  • Superior savings: An e-scooter insurance is considered to be the most efficient way of saving significant expenses of maintenance, damages, repair, and replacement. Moreover, purchasing the e-bike insurance online can maximise your savings as you end up paying lower premiums against your e-bike insurance policy.
  • Comply with the legal norms: As mentioned earlier, it is mandatory in India to have an electric bike insurance cover for your e-bike. This e-bike insurance policy helps you abide by the law and saves you the trouble of paying hefty fines.
  • Keeps you secure financially: Any unpredictable event can cost you a fortune without an e-scooter insurance. Avoid incurring a heavy sum during such situations by ensuring that your ride is covered under the e-bike insurance policy.

How to Buy Insurance for Electric Bike Online?

Buying electric bike insurance can prove to be a hassle, especially for new e-bike or e-scooter owners. However, Kotak cuts down the time and processes the policy instantly in a matter of a few clicks. All you got to do is follow this simple procedure to get hold of your electric bike insurance online:

STEP 1: Tap on ‘Get A Quick Quote’ to buy the electric bike insurance plan of your choice.

STEP 2: Fill in your registration details, vehicle details, and personal details as requested.

STEP 3: Complete the process by making the payment online using any convenient payment method.

STEP 4: That’s all! Get your e-bike insurance policy issued online and start driving!

What is Covered Under Electric Bike Insurance Policy?

  • Fire
  • Natural disasters
  • Third party damage
  • Personal accident
  • Theft
  • Man-made calamities

What is NOT Covered Under Electric Bike Insurance Policy?

  • Wear, tear & general aging of vehicle
  • Depreciation or consequential losses
  • Vehicle used otherwise
  • Mechanical/Electrical breakdown
  • Any contractual liability
  • Influence of drugs or liquor
  • Vehicle without license
  • Nuclear risk or war

Third-party Insurance Premium Rates for Electric Bike

Now onto the most crucial question of them all! What is the determining factor for calculating electric bike premium? To determine electric bike premiums, various factors are taken into account including kilowatt capacity, make, model, and age. The Insurance Regulatory and Development Authority of India (IRDAI) regulates third-party electric bike premiums and electric scooter premiums. It considers the e-bike’s kilowatt capacity to calculate the third-party insurance premium rates. The premiums for electric bikes and electric scooters in India are as follows:

Less than 3 kW ₹ 457 ₹ 2,466
More than 3 kW but less than 7 kW ₹ 607 ₹ 3,273
More than 7 kW but less than 16 kW ₹ 1,161 ₹ 6,260
More than 16 kW ₹ 2,383 ₹ 12,849

Add-ons for Electric Bike Insurance

  • Zero depreciation cover
  • Liability cover
  • Personal accident cover
  • No claim bonus
  • Cashless repair

How to File a Claim for an Electric Bike Insurance?

Step 1: Register the claim

Inform us by calling on 1800 266 4545 (8 a.m. – 8 p.m.) or sending in the Claim Intimation Form to intimate us about your claim along with your policy details.

Step 2: Instant verification

Kotak will then verify your documents and conduct a quick inspection of your vehicle within 24 hours (depending on when the claim is submitted).

Step 3: Immediate claim settlement

Based on the type of claim (whether cashless or reimbursement claim), the amount will be settled without any hiccups.

How to renew Electric Bike Insurance?

The process of renewing your electric bike insurance is just as hassle-free as buying one. Here is how you go about the process of policy renewal with Kotak.

Step 1: Head to https://www.kotakgeneral.com/renewal

Step 2: Choose Kotak Long Term Two-wheeler Secure (Comprehensive policy) or Kotak Long Term Two-wheeler Secure (Liability Only Policy) based on your requirement.

Step 3: Enter your Policy Number, Registration Number, Mobile Number, and Chassis Number of your e-bike.

Step 4: Click on ‘Submit’. Lo and behold! Your policy will be renewed instantly!

How to buy the right Electric Bike Insurance Policy

Buying electric bike insurance for your e-bike might seem like a daunting task, but it is actually not if you know what it entails. Before you decide to buy the plan, make sure that you compare the e-scooter insurance prices and opt for the one best suiting you. When looking for e-bike insurance policies online, you ought to consider buying an electric bike insurance plan with extensive coverage against all third-party liabilities, damages, and unforeseen events. It also helps to understand the inclusions and exclusions of the insurance policy before finalising on the plan. Kotak is one of the most trusted e-bike insurance available online offering the best coverage and services at a reasonable price range. So the next time you’re looking for e-bike insurance online, leave your worries aside and opt for Kotak.

Electric Bike Insurance for EV Models

  • Ola S1
  • Ather 450X
  • TVS iQube Electric
  • Revolt RV400
  • Bajaj Chetak
  • Ultraviolette F77
  • Hero Vida V1

and many more…

Bike Insurance by Brand

Bike Insurance by City

Important Blogs on Bike Insurance

Frequently Asked Questions About Electric Bike Insurance Policy

1. How do Electric Bikes work, and are they covered by Insurance?

As opposed to regular bikes which operate on fuel, electric bikes run on electricity and are considered to be eco-friendly in the long run. You can secure these e-bikes with a third-party insurance policy plan.

2. Are e-bikes covered by homeowners Insurance?

E-bikes fall under the category of motorised vehicles and are excluded from any coverage of homeowners insurance.

3. How much does e-bike Insurance cost?

The cost depends upon the kilowatt capacity of the motor and varies according to the make, model, and age of the e-bike.

4. What are the names of the two different types of Electric Bike Insurance plans available in the market today?

Electric bike insurance plans typically fall under two major categories, third-party insurance and comprehensive insurance.

5. Is it mandatory to insure my Electric Bike?

As per the Motor Vehicles Act 1988, it is mandatory to insure your electric bike if it’s running on a motor functioning above 250W and exceeds 25 km/h in speed.

6. Can you insure an Electric Scooter without registration?

No. You cannot insure your electric scooter without registration if you own one which has a motor operating above 250-watt and exceeds the top speed of 25 kmph.

7. I want to purchase Bike Insurance for my Electric Scooter online but do not know how to go about it. What should I do?

Look for options available, consider the plans in your desired price range, and choose the policy that fits your budget while offering you a wide range of services and extensive coverage.