Own Damage
Covers accidental damage to your electric vehicle arising from covered accidents and insured events.
Electric Vehicle (EV) Insurance
Protection That Moves with You.
Designed for electric vehicle owners, EV Insurance protects against accidents, theft, natural calamities and third-party liabilities, keeping you covered on every journey.
Accident & Damage Protection
Battery & EV Component Protection
Third-Party Liability Cover
What Is Electric Vehicle (EV) Insurance?
Understanding Electric Vehicle (EV) Insurance
Electric Vehicle Insurance protects your electric car, scooter or two-wheeler against financial losses from accidents, theft and third-party liabilities, with cover tailored to specialised components like high-value batteries, motors and charging equipment, subject to policy terms.
What Does It Cover?
- Own Damage Protection
- Battery & EV Component Protection
- Theft Protection
- Natural Calamities
- Man-Made Events
Example:
If your electric vehicle is damaged in an accident, the policy can cover admissible repair costs under the applicable Own Damage section. Where covered, protection for the battery and other EV-specific components can also help reduce the financial impact of repairs.
Coverage Components
Comprehensive Protection for Your Electric Vehicle
Battery & EV Components
Provides protection for eligible battery and EV-specific components where covered under the policy or applicable add-ons.
Theft & Total Loss
Provides compensation for covered theft or total loss based on the applicable policy terms and Insured Declared Value.
Third-Party Liability
Protects against covered legal liabilities arising from injury, death or property damage caused to third parties.
Personal Accident
Provides financial support for covered accidental death or specified permanent disabilities.
EV Add-Ons
Depending on the insurer and vehicle, additional covers may be available to address specific EV-related risks and enhance the protection provided by the base policy.
Advisory Support
Protect Your EV Before the Unexpected Happens
Every EV has its own usage pattern and risk profile. Our specialists help you understand your needs and identify suitable coverage.
- 1.
EV Risk Assessment & Requirement Analysis
We understand your vehicle type, usage, battery specifications and insurance requirements to identify appropriate protection.
- 2.
Policy Comparison & Placement
We help evaluate insurance options, coverage limits, deductibles, IDV and EV-specific add-ons.
- 3.
Policy Issuance & Documentation
Our team supports you through documentation and policy issuance to help ensure your vehicle and coverage details are accurate.
- 4.
Claims Assistance
In an accident, theft or covered loss, our team assists with claims and coordinates with the insurer.
- 5.
Renewal & Policy Review
We review your coverage at renewal to help ensure your EV keeps appropriate protection as your requirements evolve.
Ready To Drive Electric With Confidence?
Protect your electric vehicle with insurance designed around your mobility needs and get support from experienced insurance specialists.
Frequently Asked Questions
Answers to Common Insurance Queries
The battery, charging equipment and specialised electronic systems can represent a substantial proportion of an EV's value and may require careful assessment of applicable coverage and exclusions.
Battery damage can result in significantly higher repair or replacement costs than conventional vehicle components, making battery-related coverage and applicable exclusions important during policy evaluation.
Equirus Raghnall evaluates vehicle value, battery exposure, charging infrastructure, usage pattern and available EV-specific extensions while comparing insurer terms.
The comparison focuses on battery treatment, charging equipment, depreciation, deductibles, exclusions and claims processes to identify differences that may materially affect the client's risk.
