Reported EV insurance claims 14% costlier than ICE: key checks
Policybazaar data reported by ETAuto and Fortune India on 6 Oct 2026 puts average EV claim severity at ₹41,543 versus ₹36,185 for…
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In this short
- EV insurance claims cost more than ICE — Policybazaar data reported in India shows higher average EV claim severity and rising battery-cover uptake.
- Average claim cost is higher — Reported average EV claim severity for a comparable first-three-year sample.
- Higher by fourteen percent — The reported EV average was above the comparable ICE-car claim average.
- Rain raises claim severity — Reported average EV claim severity during the monsoon period.
- Battery cover matters — Reported EV owners with battery-protection cover after a six-month increase.
- Compare cover, not just premium — See the sample limits, repair risks and renewal checks before deciding.
- Get the full breakdown — Sources, numbers and what to watch next.