With the global temperature on a steady climb, the last thing the world needs is more pollution. When we deplete fossil fuels, we will eventually have to bank on an alternate power source. Many enterprises have realised this need and, therefore, have started manufacturing EVs (electric vehicles). To contribute to a greener future, the Indian automotive industry is making a gradual shift to electric power.
Although electric vehicles have not been widely accepted by the Indian market yet, they're certainly a part of the future. The government is trying to push it, offering substantial subsidies to customers buying electric scooters or EVs in India.
What are electric scooters?
An electric scooter is a two-wheeler vehicle like any other motorbike or scooter; the only difference is that an electric scooter does not run on petrol or diesel. Instead, an electric motor and a battery power it. Electric scooters cause zero-emission and zero noise pollution – making this category of two-wheelers the most viable alternative to deal with pollution.
Is bike insurance compulsory for electric scooters?
No. When it comes to e-vehicles, Indians have widely accepted the e-rickshaws, but the market for electric two-wheelers and EVs is still small. Despite the monetary benefits from the government, customers are shying away from these vehicles. This may be one reason why the government had not laid out any definitive rule or guideline for electric scooters' insurance (especially for the low-speed ones).
However, there are other electric scooters in India - mighty beasts with high-powered motors that generate huge torque and power. In terms of top speed, these electric scooters are equivalent to their petrol counterparts and can reach up to a rate of 80-90kmph.
You must hold a valid two-wheeler license to ride one of these powerful electric scooters in India. They also require registration and a valid two-wheeler insurance policy.
Benefits of having bike insurance for your electric two-wheeler
Apart from complying with the law, there are other reasons why you must buy two-wheeler insurance for electric scooters-
- Electric scooters are expensive
Despite all the government's efforts to promote the purchase and use of electric scooters in India, the demand has not witnessed any upheaval. One strong reason for this shyness is the price of battery-operated scooters in India. These electric scooters cost relatively higher than petrol-driven scooters or motorcycles. Therefore, it becomes a necessity to protect it from any accidental damages. Since these scooters are expensive, the repairing cost can go very high, and a comprehensive insurance policy can be a saviour for you.
- Some electric scooters are powerful machines
We have mentioned earlier that some of the electric scooters don't need registration. Further, you don't even need a valid license to drive one such. This exemption of rule was allowed because these e-scooters produce less power and cannot go beyond 25kmph. Though, on the other hand, that's not the case for modern electric scooters.
In the last few years, automobile manufacturers have introduced many electric scooters in India with powerful engines that can produce high torques. These two-wheelers can accelerate in a blink of an eye and reach a top speed of around 80-90 kmph. And in case of any unfortunate event, comprehensive two-wheeler insurance can shield you from hefty repairing costs.
FAQs
-
How can I purchase two wheeler insurance online for my electric scooter?
Many insurance providers offer online platforms where you can compare policies, customise coverage, and purchase insurance conveniently from your home.
-
What is third-party insurance for two wheelers?
Third party insurance is a two-wheeler insurance policy covering only the third-party liabilities. In case of an accident where you hurt someone or damage third party property, this policy will cover the expenses – medical expenses in case of an injury caused to a third-party as well as other damages caused to the victim's vehicle or property. This type of insurance policy does not cover damage to your own scooter.
-
Are there specific insurance policies tailored for electric scooters?
Several insurers offer policies specifically designed for electric scooters, considering their unique features and potential risks.
-
Does insurance cover the battery of the electric scooter?
Coverage specifics vary by policy. It is essential to review the terms to ensure components like the battery are included.
-
How does the electric scooter insurance premium compare to petrol-powered scooters?
Premiums for electric scooters are often lower due to their reduced risk profile and lower top speeds, but rates can vary based on the insurer and coverage details.
-
What is a comprehensive insurance policy for two wheelers?
In simpler words, this is a more inclusive two-wheeler insurance policy. A comprehensive bike insurance policy provides optimum cover for the insured vehicle against any man-made or natural disaster. Apart from third party liabilities, this insurance policy covers your scooter's repair expenses in case of accidents, theft and malicious damage.
Conclusion
As India's electric scooters' market is still in a nascent stage, the motor insurance premium for such vehicles is affordable. If you want to renew or buy a two-wheeler insurance policy, you can visit our website and take a free quote. ICICI Lombard offers various two wheeler insurance online plans, with benefits such as cashless repair at network garages and hassle-free claims.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.