E-Bike License and Insurance: Everything You Need to Know



Electric bikes (E-bikes) are a low-cost option. An E-bike helps the bike owner save money as it runs on stored electricity. E-bike owners should get insurance in order to get financial protection against various expenses that might arise due to third-party liabilities and own damage.

There are various things that people should know before purchasing an E-bike and its insurance. Let’s take a look at things to keep in mind when buying an E-bike-

E-Bike License

According to guidelines, a person doesn’t need a driving license in case he/she buys an E-bike with a power capacity up to 250 watts. Furthermore, the bike’s top speed should be below 25 kilometre per hour. A person will need a driving license if he/she purchases an E-bike with a capacity above 250 watts and a top speed up to 60 kilometre per hour.

E-Bike Insurance Plan

There is no specific e- bike insurance as such. Two-wheeler insurance is applicable for Electric bikes. It is recommended as it provides financial protection against various expenses. It can cover third-party liabilities and own damage.

Primarily, there are two types of insurance- third-party insurance and comprehensive insurance. Third-party insurance provides cover against third-party liabilities. However, it doesn’t cover expenses arising due to damages caused to the insurer person’s bike. But comprehensive insurance covers third-party liabilities as well as own damage.

Bike insurance covers expenses arising due to any loss or damage caused to the bike in case of an accident. Furthermore, if the bike gets stolen, then the insurer can provide the cover amount.

It offers cover against natural calamities like earthquake, fire, flood, etc. Two wheeler insurance also covers man-made calamities like burglary, theft, etc.

Things to Consider Before Buying Bike Insurance

  • Insured Declared Value (IDV)

The approximate current market value of the bike is called IDV. In case of loss or theft of the bike, the insurer will provide a cover amount based on the IDV. Hence, it’s crucial to select the right IDV.

  • The Premium

The premium is the amount of money that a person needs to pay to purchase two wheeler insurance. Therefore, it becomes important to compare different plans based on their benefits and premium before selecting one. This can help a person purchase the most affordable bike insurance policy.

  • The Claim Process

One of the most important factors to consider when purchasing two-wheeler insurance is the claim process of the insurance company. Before purchasing a plan, make sure to check the claim process of the insurer. Also, check the claim settlement ratio. This can help in selecting an insurer that offers a smooth claim settlement process.

  • Add-Ons

Add-ons are additional benefits that a person can purchase by paying an extra premium. These add-ons can help in enhancing the policy. Some of the add-ons that bike owners should consider are- personal accident cover, zero depreciation cover, etc.

In conclusion, if you opt for an E-bike, then you can save money as it’s a cost-effective option. Also, you must purchase bike insurance to get financial protection against various expenses.