Electric Cars and Insurance: What You Need to Know
In India, the market for electric vehicles (EVs) is beginning to pick up speed. In addition to being environmentally friendly alternatives to gasoline and diesel cars, they might also be less expensive to maintain over time.
What is insurance for electric cars?
Modern insurance providers offer vehicle insurance for electric cars in response to the increased popularity of EVs.
The EV bajaj allianz car insurance policy provides financial protection for your vehicle against liabilities such as accidental damage, fire, natural calamities, riots, theft of the insured vehicle, and third-party injuries or damages to their property. This is similar to the motor insurance policy for petrol and diesel vehicles. You may prevent out-of-pocket costs by selecting the appropriate cover for your electric vehicle.
Why Do Electric Vehicles Need Insurance?
Here are some benefits of getting a comprehensive insurance policy for your electric vehicle.
- Prevent Liability to Third Parties
Your insurance coverage will cover these responsibilities if an unfortunate circumstance arises in which you injure a third party or damage their property. *
- Steer clear of legal sanctions
You will be shielded from fines for failing to maintain the required Third-Party Liability Insurance under the Comprehensive Plan.
- Save Money on Repairs
As the Comprehensive Cover provides Own Damage (OD) coverage, it covers a significant portion of the repair costs in the event of accidents, fires, natural disasters, riots, and theft-related losses. This means that in the event of plan-covered damages, you will not be responsible for paying a high repair fee. ##
- Go here to get personal accident insurance
You receive full financial compensation for unforeseen events like accidental passing away, physical injuries, or partial or whole impairments as a result of an accident with the legally required Personal Accident Coverage (PA). Please be aware that this must be purchased separately with the Comprehensive Plan or the Third-Party Insurance Plan, which are the main characteristics of bajaj allianz car insurance. *
A car insurance calculator is a tool you may use online to determine the amount of coverage required based on your needs.
The advantages of covering your EV with a Comprehensive Vehicle Insurance Policy
- Zero Paperwork
With an efficient digital process, you may purchase or renew electric vehicle insurance in a matter of minutes. You don’t need to stress about lengthy paperwork or form completion. *
- Zero commission
Direct insurance purchases are possible. There are no agents or middlemen involved when you purchase. As a result, our operating costs are decreased, which enables us to pass along the savings to clients in the form of a cost-effective premium. As a result, you can purchase comprehensive auto insurance at reasonable car insurance prices. * ##
- Very Quick Claim Resolution
Claims settlement is easy, quick, and hassle-free. You can submit a claim whenever you want, from any location, by signing into your account. Also, how claiming car insurance is always a worry-free process because of advantages like quick claim payment for minor damages! *
How Can I Get Electric Car Insurance Online?
Here are the steps for buying EV insurance online.
Step 1 – Visit the website or download and install the app for your smartphone.
Step 2 – Input the registration number for your automobile or choose it from the car picker menu.
Step 3 – Choose the various type of your EV and provide some information about yourself and your past insurance.
Step 4 – Choose the plan and add on extra coverages that best suit your needs. *
Step 5 – After paying the online premium, the policy is delivered immediately to your inbox. *
Owning an electric car may come with some unique insurance considerations. While electric cars are generally safer to operate, they can be more expensive to repair or replace, and their innovative technology may require specialised coverage. *
* Standard T&C Apply
## All savings are provided by the insurer as per the IRDAI-approved insurance plan. Standard T&C apply
Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.
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