Electric Car Insurance Policy Online in Hyderabad, IndiaEnsure your electric car insurance online in 2 minutes!
As more people are choosing electric vehicles (EVs), car makers are offering different EV options to meet their needs. Along with this growth, insurance providers like BimaStreet are now offering special insurance plans for electric cars. Just like regular car insurance for petrol or diesel vehicles, electric car insurance protects your EV from risks like accidents, fire, natural disasters, theft, riots, and third-party damages. Choosing the right policy helps you avoid paying large amounts from your pocket when something goes wrong.
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If your EV accidentally causes injury to someone or damages someone’s property, BimaStreet’s insurance will take care of the legal and financial responsibilities.
With a Comprehensive Plan from BimaStreet, you’re automatically covered under the mandatory Third-Party Liability, helping you avoid fines or legal trouble.
Comprehensive policies include Own Damage (OD) cover, which pays for major repairs due to accidents, fire, floods, theft, or riots—so you don’t bear the full cost out-of-pocket.
With the mandatory Personal Accident (PA) cover, you or your family will receive financial support in case of injury, disability, or death from an accident. This cover can be added to any plan from BimaStreet.
Here are the benefits of insuring your EV with a Comprehensive Car Insurance Plan from BimaStreet.
1
You can buy electric car insurance in just a few minutes through BimaStreet’s fully digital platform. No need for lengthy forms or physical paperwork. Just visit www.bimastreet.com or use the BimaStreet mobile app to complete the process quickly and easily.
2
At BimaStreet, you buy insurance directly, no middlemen, no agent fees. This helps reduce costs and gives you a better premium on well-designed, feature-rich car insurance policies.
3
Filing a claim with BimaStreet is quick and stress-free. Log in anytime, anywhere to raise a claim. With instant claim settlement for minor damages, BimaStreet ensures you’re back on the road without unnecessary delays.
Follow these easy steps to buy EV insurance online with BimaStreet:
Currently, there are two main types of insurance policies available for electric vehicles in the Indian market.
As per the Motor Vehicles Act, 1988, it is mandatory to insure your electric vehicle with a third-party policy. This plan protects you against legal liabilities arising from injuries or damages caused to others or their property by your EV. However, it does not cover any accidental damage to your own vehicle.
This type of insurance is a complete protection plan for electric vehicles. It includes both Third-Party (TP) coverage and Own Damage (OD) protection. If your EV is damaged due to floods, fire, riots, theft, vandalism, or accidents, the insurer (like BIMASTREET) will cover the repair costs based on the policy’s coverage terms and conditions.
A comprehensive electric car insurance plan offers a wide range of coverage benefits. It protects against various types of losses or damages in the following situations:
BIMASTREET’s Buy Electric Car Insurance offers a wide range of features and protection. The comprehensive policy helps cover damages or losses arising due to the following situations:
Damages due to electrical/mechanical failure.
Damages due to regular wear and tear.
Damages due to reckless driving.
Driving your EV without a valid driving license.
Driving your EV under the influence of alcohol or other intoxicating substances.
The Insurance Regulatory and Development Authority of India (IRDAI) offers a 15% discount on third-party insurance premiums for electric vehicles (EVs) compared to conventional fuel vehicles. Below are the premium rates for private EVs:
| Premium for 1-Year Policy | Premium for 3-Year Policy | |
|---|---|---|
Less Than 30 kW | ₹1,780 | ₹5,543 |
More Than 30 kW and Less Than 65 kW | ₹2,904 | ₹9,044 |
More Than 65 kW | ₹6,712 | ₹20,907 |
Add-on covers help enhance your Comprehensive EV Insurance Plan by offering extended protection and convenience. Here are some commonly chosen add-ons for electric vehicle owners:
Get 24x7 emergency help in case your vehicle breaks down. This includes:
If your EV breaks down or meets with an accident beyond 100 km from your registered address, and repairs take over 12 hours, this add-on compensates you as per the policy terms.
In case of repairs or part replacements, depreciation is not deducted you get the full claim amount for approved parts, regardless of wear and tear.
If your EV is stolen or declared a total loss, this cover ensures you receive the original invoice value of the vehicle instead of the depreciated Insured Declared Value (IDV).
Protects your accumulated No Claim Bonus even if you file a claim. This means your renewal premium stays discounted despite a claim.
Covers the cost of consumable items not included in a standard plan, such as:
If your electric vehicle is damaged due to an accident or any covered event, you can easily raise a claim by following these three simple steps. The process is completely paperless, and there's no need to fill out lengthy forms.
Yes, it is legally mandatory to insure all motor vehicles, including electric ones, with at least a Third-Party Insurance Policy. Not having valid insurance can lead to penalties. For better protection, a Comprehensive Plan is recommended as it covers both legal liabilities and own damage.
The premium depends on several factors, such as: The price of the EV Model and variant Vehicle age Location (registration city/state) You can use an online car insurance premium calculator to get an accurate estimate for your electric vehicle.
Electric vehicles often have a higher upfront cost compared to conventional vehicles. Since insurance premiums are primarily based on the Insured Declared Value (IDV) of the car, EV insurance tends to be more expensive.
When selecting an insurer, consider: Ease of claim settlement Service quality and customer support Digital access and paperless processing Add-on cover options Opt for insurers that offer transparent, hassle-free, and fast service to ensure a smooth ownership experience.
No, it’s not mandatory by law. However, it is highly recommended. It offers enhanced coverage, including accidental damage, theft, natural disasters, and vandalism. You can also include add-on covers like Zero Depreciation, Return to Invoice, and Roadside Assistance for broader protection.
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Support mail: -
Claim mail: -
For Other Query: -
Phone Number: -
Corporate Office :-
Website approved by IRDA(Govt. of India),
ISNP Ref:
IRDA License Number:
Licensed on:
Valid Upto:
Disclaimer:
© 2026 - All Rights Reserved