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Electric Car Insurance

EVs(Electric Vehicles) are rapidly becoming people’s choice. And why not? They have numerous features that are cool yet practical. Also, electric cars beat fuel-powered cars in terms of pollution- all thanks to replacing those internal combustion engines with electric motors!

Now, if you already own an EV or are planning to welcome one to your garage, consider bringing decent electric vehicle insurance along with it. Why? Well, unexpected incidents happen, and sometimes they can wipe your savings. It can be an accident or a misery due to natural causes; the financial burden can be overwhelming without insurance coverage. That's where EV insurance becomes the saviour to tackle these situations. Let’s have a better understanding!

What Is Electric Car Insurance?

Even the electric car owners can face adversities. What are those? Well, it can be financial losses caused by accidents, theft, natural disasters, or even third-party liabilities. Electric auto insurance is specifically designed for electric vehicles and their unique challenges. Unlike regular car insurance, it also covers unique EV components like the battery, electric motor, and charging equipment. It ensures that electric vehicle owners in India can enjoy eco-friendly rides without worrying about unexpected costs.

Generali Central’s electric vehicle policy India comes with many benefits. From easy claim process to quick renewal, you can complete everything with just a few clicks online. With our car insurance for EV, you can also select among various frequencies of insurance premium payment- monthly, quarterly, semi-annually, or yearly. EV insurance plans come with various add-ons, too, which are a great way of adding more valuable benefits to your base policy. In short, the motto is simple- ‘you own it… We’ll cover it!’

How to Calculate Insurance Premiums for Electric Cars?

• Start by visiting Generali Central’s website and navigate towards the car insurance section.

• Now click the ‘Get Quote’ button or access the car insurance calculator here directly.

• Select your type of coverage, i.e., third-party or comprehensive cover.

• If you have any old policy, fill in its details so our system can give you a better result.

• Upon proceeding, you will see your exact electric car insurance cost.

What is Covered by Generali Central Electric Car Insurance?

Generali Central brings two curated plans for the EV owners- third party car insurance and a comprehensive car insurance plan. Below, you can get an overview of what’s included in these plans:

Third-party liability

With third party car insurance, we cover damages or injuries caused to a third party's property or person in an accident involving your car.
Natural and man-made disasters

Our protection extends to any damages caused by floods, earthquakes, riots, or vandalism.
Accidental damages

Whether it's a minor fender bender or a major collision, we cover repair costs to restore your car to its original condition.
Theft and fire

If your car is stolen or suffers damage from fire or explosions, you will get compensation for your financial loss.
Battery and charging setup

Recognising the importance of EV components, our car insurance on electric cars includes coverage for battery repairs and damage to charging infrastructure, such as power surges or faulty equipment.
Own damage cover

In case of permanent disability or loss of life of the owner-driver due to an accident, your policy includes a lump sum benefit.
Damage due to transportation

Sometimes, your electric car may get damaged during transportation by road, rail, air, or water. In that case, the insurance company is here to take care of the repair cost.

What is not covered?

While Generali Central provides extensive coverage, here are a few exclusions-

Normal wear and tear

Depreciation and ageing of the vehicle, including routine wear and tear, are not covered.
Illegal activities

Driving without a valid license or under the influence of alcohol or drugs voids your claim.
Consequential losses

Damages that are not direct results of an accident are excluded from coverage. Suppose you drive your car after a collision, and its engine or any other major part gets severely damaged.
Mechanical failures

Issues like breakdowns or malfunctions not resulting from an accident are not covered.
Geographical limits

The EV insurance policy is valid only within India, and damages outside this boundary are excluded.

How to Buy Electric Car Insurance Online?

Becoming a valuable customer of Generali Central is easy! Follow the steps mentioned below to buy the best insurance cover for your electric vehicle.

1. Visit the official website

Head to Generali Central’s official website and click on Products-Motor Insurance-Car Insurance. Select the “Buy Now” option to begin the process.

2. Enter your car details

Provide essential details like your car's make, model, registration number, year of manufacture, and phone number. After filling it out, click on the ‘Get Quote’ option. Use the car insurance calculator to estimate your premium.

3. Customise your policy

Choose the type of coverage and review your quote. For enhanced protection, you can also select add-ons like Zero Depreciation car insurance cover, Engine Protect cover, etc.

4. Review and confirm

Check the policy details, inclusions, and exclusions thoroughly. Ensure the coverage meets your needs and budget before proceeding.

5. Make a payment

Select a secure payment method to complete the transaction online. Once the payment is successful, you’ll receive a digital copy of your policy instantly.

If you need any assistance regarding the process or need to clarify any doubt, our customer support agents are always there to help!

Benefits of Buying Electric Vehicle Insurance from Generali Central

• Complete coverage for your EV

Not only keeping you on the right side of the law, but Generali Central car insurance for electric cars protects your vehicle from damages, theft, and third-party liabilities. With us, you can drive stress-free, knowing your EV is under complete protection..

• Protection for high-cost EV parts

Repairing your electric car’s batteries and motors can drain your savings fast. Be it a repair or replacement, our electric vehicle policy includes specialised coverage for these critical parts, saving you from hefty expenses.

• Financial safety during emergencies

Be it a natural disaster (earthquakes or floods), man-made issues (riots or vandalism), or an accident, our policy ensures you’re financially secure. From repair costs to unforeseen medical expenses, we’ve got you covered.

• Flexible add-ons

Add-ons like Return to Invoice cover and Zero Depreciation car insurance cover are great ways to customise your policy. With Generali, it's all about enhancing your coverage and getting what you exactly need for your electric car.

• Hassle-free processes

Buying and renewing your policy is simple and quick. We carefully designed our online platform and customer support to ensure you enjoy a seamless experience every step of the way.

• GCI Xpress and Xpress+

Settling EV insurance claims can sometimes take some time. At Generali Central, we care for your valuable time and urgent needs. We offer our express claim services for this purpose- GCI Xpress and Xpress+. It’s all about avoiding the long wait time and getting your service on a priority basis!

Electric Car Insurance Claim Process

Making a claim with Generali Central for your car insurance for EV is simple and efficient. Follow these steps:

• Notify the insurer

Start by informing us about the incident as soon as possible. You can do this online or through the customer care helpline.

• Share details

Provide your policy number and a detailed description of the incident. Attach any required documents to support your claim.

• Damage assessment

If your electric car is damaged, take it to any of our network garages. A surveyor will inspect the vehicle and prepare a report to assess the damage.

• Cashless repairs

The repair costs will be settled directly between the company and the garage for cashless claims at a network garage. You’ll only need to pay for items not included in the coverage.

• Reimbursement for non-network garages

If you use a non-network garage, pay for the repairs upfront. Submit the bills and documents later to us to get reimbursed for the covered expenses.

• Handling theft claims

File an FIR with the police for your stolen EV. If the car is not recovered, submit the non-traceable report along with the required claim documents to get compensated.

• Third-party claims

For liabilities involving a third party, file an FIR and let the Motor Accident Claims Tribunal (MACT) handle the case. The company will pay the compensation as directed by MACT.

How to Renew EV Car Insurance Online?

Renewing your EV car insurance with Generali Central is seamless and quick. Here’s how you can get it done:

1. Visit the renewal section

Head to Generali Central’s website and navigate the policy renewal page (Renew-Motor Insurance-Car Insurance).

2. Fill details

Enter your existing policy number or electric car registration number and click ‘Continue.’

3. Review and update your policy

Check the details of your current plan to ensure accuracy. Use the premium calculator to explore updated premium amounts if you wish to add or remove features like add-ons to enhance coverage.

4. Make changes if needed

Customise your policy by picking add-on benefits like Roadside Assistance cover, Return to Invoice cover, etc. The system will reflect the updated premium after the changes are applied.

5. Complete the payment

Choose your convenient payment method to pay the renewal premium. Your policy will be renewed instantly upon successful payment, and you’ll receive a digital copy.

6. For expired policies

IIf your EV policy has expired, you might need to get your vehicle inspected. Once our surveyor completes the inspection, your policy will be renewed.

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Documents Required for Electric Auto Insurance Claim

Submitting the correct documents is key to making your claim process quick! Here’s what you must gather at the time of emergency-

• Duly filled claim form

• Your insurance policy number

• Electric vehicle registration certificate

• Chassis and motor number

• All repair work receipts (in case of reimbursement claims)

• Date and time of the accident (for accident claims)

• Location and description of the event (for accident claims)

• Copy of the FIR (in case of accidents and theft)

Electric Car Insurance FAQs

Is it mandatory to insure my electric car?

According to the Motor Vehicle Act 1988, you must carry at least a third-party cover to drive your EV on roads. Failing to do so might attract fines and even imprisonment in some cases.

How can I reduce my electric vehicle car insurance premium?

There are several ways to cut your premium. The below steps can help you do this-

Choose higher deductibles
Add anti-theft features
Avoid frequent claims

Which type of insurance plan should I choose?

Choosing comprehensive cover shields you from third-party hassles and own-damage incidents! So, it might be a better option for your electric car. Additionally, you can enjoy add-on benefits with the comprehensive plan, which lets you customise the policy to another level.

How does the Zero Depreciation cover work?

It ensures your EV repairs or replacements are covered fully without considering the depreciation of parts, giving you maximum claim benefits.

Do I need to submit a PUC (Pollution Under Control) certificate to buy insurance from Generali Central?

As your EV has no internal combustion engine that runs on fuel, you need no PUC certificate to drive or buy insurance for your electric car.

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