Difference Between Electric Scooter Insurance and Traditional Vehicle Insurance

Jun 17, 2024 3 min read
Difference Between Electric Scooter Insurance and Traditional Vehicle Insurance

Looking at the present era of globalisation and the fast-growing technological world, it is going through a process of transformation. Electric scooters are a modern variation of conventional automobiles where one can travel without actually using a car. With their popularity increasing, the necessity of getting insurance for these types of vehicles has become relevant. Thus, the aim of this article is to describe the key essential features that distinguish electric scooter insurance from traditional vehicle insurance.

Understanding Scooter Insurance

Electric scooter insurance is intended to cover all risks associated with riding an electric scooter. It often has elements of theft, damage, third-party risks, and personal injuries. Since electric scooters are being widely used, most scooter insurance providers now have comprehensive insurance plans specifically for these vehicles.
The essential aspects of scooter insurance are as follows:

  1. Theft Protection: Electric scooters are not very heavy and can easily be stolen; therefore, they need strong anti-theft provisions. Scooter insurance renewal makes it possible to be reimbursed in case your scooter gets stolen so that you do not spend money from your pocket.
  2. Accident Coverage: Scooter insurance provides protection against any accidental damage to the scooter or to any third-party property at any given time. It also pays for your medical bills in the event of an accident.
  3. Third-Party Liability: This is any coverage extending to legal responsibility for harm to a third party, for example, their car or themselves.
  4. Personal Accident Cover: This offers reimbursement for losses the rider might suffer, such as medical bills and loss of income while healing.
  5. Customisation: There are always extra options, like zero depreciation cover and roadside assistance, available at an added price.

Traditional Vehicle Insurance

The ordinary and general car insurance as well as the two-wheeler insurance such as Honda Activa insurance have similar features, but the classifications and premiums differ because of the different rates of risks involved with and the usage of the cars and motorcycles. In addition to personal accident insurance, a conventional car insurance policy covers both comprehensive and third-party insurance programmes.

Key Features of Traditional Vehicle Insurance

  1. Comprehensive Coverage: This encompasses loss due to an accident, theft, natural calamities, and even deliberate destruction of your vehicle. It also covers third-party risks.
  2. Third-Party Liability: This part is very similar to scooter insurance, which provides legal responsibility for any damage to a third party.
  3. Personal Accident Cover: This is required for conventional automobiles and includes health care costs and restitution for losses as well as injuries suffered by the driver.
  4. Optional Riders: In addition to the models listed above, policyholders can opt for the following riders: zero depreciation, engine protection, and roadside assistance.
  5. Insurance Renewal: To keep it active, the policy must be renewed frequently. Insurance renewals for scooters and general car insurance can be done through online services like Parivahan Sewa.

Key Difference: Electric Scooter vs. Traditional Vehicle Insurance

  1. Cost: Electric scooter insurance is often cheaper than regular vehicle insurance because they are worth less and pose less of a risk.
  2. Coverage Scope: Although both insurance types provide strong comprehensive and third-party coverage, the details can be different. For example, scooter insurance may include additional diverse opportunities for city rides and security from thefts.
  3. Customisation: Depending on markets, electric scooter insurance options are generally more versatile in associating particular riders with electric vehicles like batteries.
  4. Renewal Processes: Compared to the initial purchase, both kinds of insurance need renewal frequently, and it is not complicated since it can be done online through the Parivahan Sewa portal to avoid an insurance lapse.

Must Visit: Mistakes to Avoid When Renewing Two-Wheeler Insurance

Additional Considerations

When choosing between electric scooter insurance and traditional vehicle insurance, it's essential to consider additional factors such as:

  • Usage Patterns: Assess how frequently and where you drive your vehicle so as to make accurate decisions on the types of insurance policies to pursue.
  • Value of Vehicle: Electric scooters tend to be cheaper than automobiles such as the Honda Activa Scooter or motorcycles.
  • Digital Solutions: Mobile applications like CarInfo can help in tracking insurance information, verifying RC details, service history, and e-challan effortlessly.
  • Legal Compliance: Follow the local RTO laws and standards regarding e-challans, payment, and the validity of your vehicle insurance.
  • Check Bike Insurance: It is recommended to check the bike insurance details at least once a month to know whether they are in compliance with the legal requirements in your state.
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