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VEHICLE INSURANCE

EV insurance claims cost more than ICE

Policybazaar data reported in India shows higher average EV claim severity and rising battery-cover uptake.

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WHAT THE DATA SHOWS

Average claim cost is higher

₹41,543

Reported average EV claim severity for a comparable first-three-year sample.

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THE GAP

Higher by fourteen percent

14% higher

The reported EV average was above the comparable ICE-car claim average.

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MONSOON EFFECT

Rain raises claim severity

₹65,000

Reported average EV claim severity during the monsoon period.

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CHECK THE WORDING

Battery cover matters

70%

Reported EV owners with battery-protection cover after a six-month increase.

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READ THE FULL STORY

Compare cover, not just premium

See the sample limits, repair risks and renewal checks before deciding.

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READ THE FULL STORY

Get the full breakdown

Sources, numbers and what to watch next.

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Read: Reported EV insurance claims 14% costlier than ICE: key checks