Thinking of buying an EV? ⚡
Most buyers compare range, charging infrastructure, and subsidies.
But one cost rarely discussed is insurance.
For a ₹10 lakh car:
🚗 Petrol → ₹12k–₹15k/year
🔋 EV → ₹16k–₹22k/year
That’s roughly 20–40% higher premiums.
Why?
• Expensive battery packs
• Higher repair costs
• Limited EV repair garages
Battery replacement alone can cost ₹3–8 lakh depending on the model.
Before buying an EV, check if your policy covers:
✔ Battery damage
✔ EV roadside assistance
✔ Cashless EV garages
✔ Zero depreciation
Skipping proper insurance to save a few thousand can become a very expensive mistake.
If you're evaluating an EV purchase, this is something worth considering.
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