How to Get Insurance for Electric Scooter without RC

Electric vehicles have undoubtedly become the latest trend worldwide. Be it manufacturers or consumers, everyone is excited about this innovative mode of transportation that comes with reduced carbon emissions, while eliminating the cost of fuel. As these vehicles run on batteries, they also play a significant role in maintaining the environmental balance. Having said that, this latest innovation is not free from challenges. Especially with electric two-wheelers, there are instances reported of many e-bikes catching fire and doubts about their performance and safety.

So, securing this innovation for the rider is of utmost priority, and a comprehensive two-wheeler insurance policy does just that. But do electric scooters need insurance in India? Is it mandatory by the law, and If not, why there is a need for insurance for an electric scooter?

Continue reading as we have answered all your questions in this article.

Guidelines for Electric Scooter Insurance

The Motor Vehicle Act of 1988 states that every two-wheeler owner must at least have third-party bike insurance to ride their vehicle in India. However, according to the Central Motor Vehicle Rules (CMVR) and Automotive Research Association of India (ARAI), an electric scooter that is equipped with a 250-watt motor and has a maximum speed of not more than 25 km/hour is a no-registration electric bike/scooter. It is classified as an electric bicycle in the eyes of the law and does require a driving license, vehicle RC, insurance, or PUC for riding on the road. It is also exempted from any paying road tax. Therefore, for an electric scooter with no RC, third-party two-wheeler insurance is not mandatory.

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But, it is strongly recommended that two-wheeler owners secure themselves with a comprehensive insurance policy. With a comprehensive two-wheeler insurance policy, not only is your vehicle secured in the event of contingency situations on the road, but is also protected against scenarios like theft and accidental fire.

Benefits

Electric scooters with no RC do not require RTO registration. Since their maximum speed is not more than 25 kmph, they are not considered to be causing fatal accidents on roads. Therefore, Non-registration electric scooters are not legally required to get insurance coverage. It is completely optional whether an e-scooter owner wants to get insurance coverage or not. However, having an insurance plan has many benefits. Some of them include:

  • Insured E-Scooter helps vehicle owners from denting their savings in vehicle damages and repair.
  • Insurance cover can help mitigate the high risk associated with E-Scooter.
  • Vehicle owners can customize their insurance plans as per their needs and preferences.
  • Affordable Insurance plans for electric scooters.

What happens if you do not get your e-scooter insured?

Individuals who own an electric scooter and have no insurance coverage to secure it will have to incur all the damages and repair costs from their pocket in case of any mishap, which can compromise their financial standing. To avoid this situation, all e-scooter owners are advised to look for the best insurance plans that meet their needs and secure themselves and their vehicles.

Important documents required for getting Insurance for an E-Scooter without RC

Documents required to get insurance for an Electric Scooter include:

  • ID proof (including Aadhar card, PAN card, Passport, etc.)
  • Proof of address (such as Aadhar card, Voter card, driver’s license, etc.)
  • Two passport size photograph
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Insurance seekers can physically visit the insurance company with the aforementioned documents to buy an insurance policy for their electric scooter. They can even purchase two-wheeler insurance coverage online by uploading digital copies of the required documents on the official website of their insurance provider.

Important Note: One might find it difficult to locate insurance companies/agencies that provide coverage for an electric scooter/bike. But with proper research and thorough analysis, you can find the best insurance plan and provider that meets your requirements.

Top Electric Scooter/e-Scooter Insurance Providers

It is crucial to perform thorough research to find insurance companies that offer coverage
for e-scooter. Some of the top companies provide lucrative insurance plans for electric
scooters/bikes are as follows:

From Policy Bazaar Insurance

Engine CC of the E-BikeThird-Party E-Bike Insurance Premium Prices (in ₹) (w.e.f 1st June 2022)
Up to 3 KW₹ 457
Over 3 KW and up to 7 KW₹ 607
Over 7 KW and up to 16 KW₹ 1,161
Over 16 KW₹ 2,383

From Acko Car Insurance

Two-wheelers with kilowatt capacity (kW)The premium rate for long-term policy (5-year)Premium rate for long-term policy (5-year)
Less than 3 kWRs. 457Rs. 2,466
More than 3 kW but less than 7 kWRs. 607Rs. 3,273
More than 7 kW but less than 16 kWRs. 1,161Rs. 6,260
More than 16 kWRs. 2,383Rs. 12,849

From Godigit Insurance

Two-wheelers with kilowatt capacity (KW)The premium rate for a one-year policyPremium* rate for long-term policy
Not exceeding 3 KW₹457₹2,466
Exceeding 3 KW but not exceeding 7 KW₹609₹3,273
Exceeding 7 KW but not exceeding 16 KW₹1,161₹6,260
Exceeding 16 KW₹2,383₹12,849

Top Car Insurance Companies in India

HDFC Ergo Car Insurance

In 2015, after a joint venture HDFC and ERGO came into alliance. The company has over 6700 cashless garages and offers services like overnight vehicle repairs. With a 4.4 customer rating, HDFC Ergo has over 1.5 Crore happy customers. HDFC Ergo provides a 100% claim settlement ratio where 80% of claims are settled within one day.

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MetricData
Company nameHDFC Ergo General Insurance
HeadquartersMumbai, India
Founded1999
CustomersOver 10 million
Claim settlement ratio96.2%
Number of claims settled3 million
Average claim settlement time22 days
Network of garages3,000+
24/7 emergency assistanceYes

United India Car Insurance

Incorporated in February 1938, United India Car Insurance has more than 1.38 crore customers. It provides a variety of insurance products and has a 95% claim settlement ratio. The company excels in achieving the goal of 100% customer satisfaction.

MetricData
Company nameUnited India Insurance
HeadquartersKolkata, India
Founded1938
CustomersOver 15 million
Claim settlement ratio95.4%
Number of claims settled4 million
Average claim settlement time20 days
Network of garages3,000+
24/7 emergency assistanceYes

ICICI Lombard Car Insurance

Founded in 2001, ICICI Lombard General Insurance Company Ltd. offers a comprehensive and wide variety of insurance products. The company has a claim settlement ratio of 93.4% for motor insurance. With a 4.7 customer rating, ICICI Lombard has issued a car insurance policy for over 2.17 crore individuals.

MetricData
Company nameICICI Lombard General Insurance
HeadquartersMumbai, India
Founded1993
CustomersOver 17 million
Claim settlement ratio96.3%
Number of claims settled4.5 million
Average claim settlement time23 days
Network of garages4,000+
24/7 emergency assistanceYes

New India Car Assurance

Founded in 1919, New India Car Assurance has a 92% claim settlement ratio. With a huge customer market, the company is providing world-class service both in India and abroad.

MetricData
Company nameNew India Assurance
HeadquartersMumbai, India
Founded1919
CustomersOver 25 million
Claim settlement ratio95.6%
Number of claims settled6.5 million
Average claim settlement time25 days
Network of garages5,000+
24/7 emergency assistanceYes

Royal Sundaram Car Insurance

Established in October 2000, Royal Sundaram Car Insurance is trusted by over 28 million Indians. The company has a 99% claim settlement ratio and provides complete protection for your vehicle.

MetricData
Company nameRoyal Sundaram General Insurance
HeadquartersChennai, India
Founded1956
CustomersOver 5 million
Claim settlement ratio95%
Number of claims settled1.2 million
Average claim settlement time22 days
Network of garages3,500+
24/7 emergency assistanceYes

Digit Car Insurance

Established in the year 2016, Digit Insurance is trusted by over 3 crore Indians and has a 96% claim settlement ratio.

AttributeValue
Company NameDigit General Insurance
HeadquartersBengaluru, India
Founded2016
CustomersOver 2 million
Claim Settlement Ratio96%
Number of Claims Settled1 million
Average Claim Settlement Time15 days
Network of Garages1,000+
24/7 Emergency AssistanceYes

Cholamandalam Car Insurance

Founded in 2001, Cholamandalam MS caters to different customer needs. With a 96% claim settlement ratio, the company is highly trusted by customers.

FeatureDetails
Company nameCholamandalam MS General Insurance Company Limited
HeadquartersChennai, Tamil Nadu, India
Founded1989
Parent companyMurugappa Group
Japanese partnerMitsui Sumitomo Insurance Company Limited
ProductsMotor insurance, health insurance, travel insurance, home insurance, and other general insurance products
Websitehttps://www.cholainsurance.com/
Total customers10 million+
Claim settlement ratio96% (FY 2021-22)

Future Generali Car Insurance

Future Generali has been in business since 2006 and has a 96% claim settlement ratio. With over 121 branches across India, the company serves its customers 24*7.

FeatureDetails
Company nameFuture Generali India Insurance Company Limited
HeadquartersMumbai, India
Founded2007
Parent companyFuture Group
ProductsCar insurance, health insurance, travel insurance, home insurance, and other general insurance products
CustomersOver 10 million
Claim settlement ratio95.2% (FY 2021-22)
Number of claims settled1.2 million (FY 2021-22)
Average claim settlement time30 days
Network of garages3,500+
24/7 emergency assistanceYes

Reliance Car Insurance

Founded in August 2000, Reliance Car Insurance has managed to meet customer expectations with its effortless service. With a 96% claim settlement ratio, the company is popular among customers.

MetricData
Company nameReliance General Insurance Company Limited
HeadquartersMumbai, India
Founded2005
Parent companyReliance Industries Limited
ProductsCar insurance, health insurance, travel insurance, home insurance, and other general insurance products
CustomersOver 10 million
Claim settlement ratio95% (FY 2021-22)
Number of claims settled1.2 million (FY 2021-22)
Average claim settlement time30 days
Network of garages3,500+
24/7 emergency assistanceYes

Liberty Car Insurance

Founded in 2013, Liberty Car Insurance has over 110 offices across. The company has issued 20 crore policies since 2013 and has a 98% claim settlement ratio.

MetricData
Company nameLiberty General Insurance Limited
HeadquartersMumbai, India
Founded2006
Parent companyLiberty Citystate Holdings Pte. Ltd.
ProductsCar insurance, health insurance, travel insurance, home insurance, and other general insurance products
CustomersOver 5 million
Claim settlement ratio95.4% (FY 2021-22)
Number of claims settled1 million (FY 2021-22)
Average claim settlement time25 days
Network of garages2,500+
24/7 emergency assistanceYes

Kotak Car Insurance

Established in April 2015, Kotak Car Insurance has over 1.1 crore customers. With 4000+ network garages, the company has a 98% claim settlement ratio.

MetricData
Company nameKotak Mahindra General Insurance
HeadquartersMumbai, India
Founded2002
CustomersOver 5 million
Claim settlement ratio96.8%
Number of claims settled1.1 million
Average claim settlement time23 days
Network of garages3,000+
24/7 emergency assistanceYes

Bajaj Allianz Car Insurance

Founded in 1926, Bajaj Allianz is a customer-centric organization. Bajaj Allianz customers can get 24*7 roadside assistance. With a 99% claim settlement ratio, the company makes sure to provide what its customers need.

MetricData
Company nameBajaj Allianz General Insurance
HeadquartersMumbai, India
Founded2001
CustomersOver 10 million
Claim settlement ratio96.3%
Number of claims settled1.5 million
Average claim settlement time22 days
Network of garages4,000+
24/7 emergency assistanceYes

Zuno Car Insurance

Established in 2016, Zuno is a trusted insurance provider in India. With a huge customer base, the company has a 98% claim settlement ratio

MetricData
Company nameZuno General Insurance
HeadquartersMumbai, India
Founded2017
CustomersOver 1 million
Claim settlement ratio97%
Number of claims settled500,000
Average claim settlement time15 days
Network of garages1,000+
24/7 emergency assistanceYes
Key features
  • Cashless claim settlement
  • Zero depreciation cover
  • Personal accident cover
  • 24/7 roadside assistance
  • Easy online purchase

Universal Sompo Car Insurance

In 2008, Universal Sompo General Insurance started its business in India. The company’s PAN India presence provides customers with 24*7 assistance, a quick claim process, and the best insurance deals. Universal Sompo has a 96% claim settlement ratio.

MetricData
Company nameZuno General Insurance
HeadquartersMumbai, India
Founded2017
CustomersOver 1 million
Claim settlement ratio97%
Number of claims settled500,000
Average claim settlement time15 days
Network of garages1,000+
24/7 emergency assistanceYes

IFFCO Tokio Car Insurance

IFFCO Tokio Car Insurance was founded in the year, 2000, as a joint venture between IFFCO Tokio and Tokio Marine Asia. With a customer rating of 4.8, the company has a 96% claim settlement ratio.

MetricData
Company nameIFFCO Tokio General Insurance
HeadquartersMumbai, India
Founded2000
Parent companyIFFCO (Indian Farmers Fertiliser Cooperative Limited) and Tokio Marine Group
CustomersOver 5 million
Claim settlement ratio96%
Number of claims settled1.2 million
Average claim settlement time25 days
Network of garages2,500+
24/7 emergency assistanceYes

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