Electric Bike Insurance

Electric two wheeler insurance is just like regular bike insurance. Its primary objective is to cover you financially against damage or loss arising from third-party liabilities and damage to e bikes. The electric scooter insurance also protects you against theft, natural/manmade calamities and total loss.

Suppose you plan to buy a brand new electric motorcycle or scooter or looking for a new insurer to renew your e bike insurance, you can visit our website or mobile app to get an instant e bike insurance quote. Alternatively, you can reach us at [email protected] or call us at 1800 266 2256 (toll-free).

You can also use the bike insurance premium calculator to know the cost of an electric two-wheeler insurance plan.

The bike insurance premium is based on important factors of the two-wheeler. Here is how the electric bike insurance premium is calculated.

Third-party Two-wheeler Insurance is a mandatory requirement for all bike and scooter owners. Hence, the Insurance Regulatory and Development Authority of India (IRDAI) regulates third-party bike insurance premiums.

The regulator considers the electric bike motor’s kilowatt capacity (kW) for calculating the premium for third-party insurance for electric bikes. Here are the third-party electric bike insurance premiums.

Raising a claim at ACKO’s website or mobile app is a simple procedure. It does not require physical documentation or paperwork. Our online platform lets you file an electric bike insurance claim almost instantly. Here is how you can submit a cashless claim for an e-bike at ACKO.

• Step 1: Visit our website or mobile app and access your account.

• Step 2: Select the policy for your electric bike and click on “Claim”.

• Step 3: Answer a few questions about the damages, and upload the pictures and documents to raise your claim.

Claims for minor damages shall be settled within a few hours, while claims for severe damages may take a few days.

Buying electric two-wheeler insurance for your vehicle is not cumbersome if you opt for the online method. It lets you compare bike insurance and buy the most suitable one for your e bike. When shopping for bike insurance for your e-bike online, consider the following vital factors.

• Ensure you purchase the mandatory Third-party Bike Insurance to cover yourself against third party liabilities.

• Buy a policy that offers exhaustive coverage at an affordable cost.

• Consider buying electric bike insurance online from digital insurers such as ACKO, which operates on a direct-to-customer model without the need for middlemen.

• Compare the e-bike insurance cost based on the coverage and services.

• Understand the inclusions and exclusions of the e bike insurance.

Electric bike insurance add-ons are specific bike insurance plans that cover certain damage or loss that the standard plan does not cover. Here are the electric bike insurance add-ons that you can include when you purchase the Comprehensive Insurance for the e-bike. Please note, that these add-ons are subject to availability.

• Roadside Assistance Cover

• Zero Depreciation Cover

• Personal Belongings Cover - Damage/Theft

• Key Protect Cover

• Consumables Cover

• Outstation Emergency Cover

Following are some suggestions to decrease the cost of insurance for electric bikes.

• Consider buying it from digital insurers such as ACKO, which operates on a direct-to-customer model without the need for middlemen.

• Pick and choose the right add-ons to reduce additional costs.

• Install a certified safety device such as an anti-theft device for a possible discount on the premium.

• Avoid filing claims for minor damages to keep the NCB intact. You can get a discount of up to 50% if you don’t file claims for five consecutive years.