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EV Rickshaw Insurance
EV Rickshaw Insurance, also known as Electric Rickshaw Insurance, is a specialized form of commercial vehicle insurance designed to protect electric auto rickshaws used for passenger and loading purposes. With the rapid rise of electric vehicles (EVs) in India, brands like Mahindra electric auto, Bajaj RE, Kinetic, Altigreen, Montra, Autopal, Grevol, Shigan, Skyride, and Treo models such as Mahindra Treo, Treo Zor, and J1000 are becoming increasingly popular due to their affordable price, low running cost, and eco-friendly technology.
EV Rickshaw Insurance Plans#1
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Claim Benefits
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
Addons
- IMT 23Helps pay for repairing, replacing, or repainting damaged parts like lamps, tyres, tubes, mudguards, bonnet, side parts, bumper, and headlights after an accident.
- Zero DepreciationAlso called Bumper-to-Bumper or Nil Depreciation, this gets you the full price for replacing a damaged part (excluding tyres and batteries) without any decrease in value.
- Electrical AccessoriesCovers damage to additionally-fitted electrical accessories like fog lights, music system etc.
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
#1 Rs 5773/- per annum is the price for third-party commercial vehicle insurance for Mahindara Alfa PAX DX registration year 2020. The list of insurers mentioned are arranged according to the alphabetical order of the names of insurers respectively. The comprehensive commercial vehicle insurance prices mentioned above are for a 5 year Mahindara Alfa PAX DX registration year 2020. These quotes are from mentioned from lowest to highest price. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. The list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
What is Commercial Vehicle Insurance?
A Commercial Vehicle Insurance is a motor insurance policy to cover for damage and loss caused to and by a commercial vehicle. Owner of the vehicle and driver who drives the vehicle. This could include damage and losses in situations as accident, collisions, fires, theft, natural calamities, etc. it is mainly for all type of business to buy a commercial vehicle insurance for their vehicles, such as for auto rickshaws, cabs, pickups, trucks, tractors, school buses, commercial vans, jcb, harvester and amongst other.
EV Rickshaw & Related Models – Insurance Price List
Electric rickshaws (EV Rickshaws) are widely used for last-mile passenger transport, urban commuting, and small cargo delivery. Insurance ensures protection for the vehicle, driver, passengers, and daily income, while also covering high-value battery and electric drivetrain components.
Given the high-frequency city usage and risk exposure, EV Rickshaw insurance is crucial for financial security, legal compliance, and uninterrupted operations.
EV Rickshaw Insurance – Approximate Price List (India)
Mahindra Treo / Alfa EV Rickshaw
1st Year Premium: ₹6,500 – ₹10,500
Renewal (with NCB): ₹4,500 – ₹8,000
Kinetic / Atul / Piaggio EV Rickshaw
1st Year Premium: ₹7,000 – ₹11,500
Renewal (with NCB): ₹5,000 – ₹9,000
Electric Cargo Rickshaw / EV Loaders
1st Year Premium: ₹7,500 – ₹12,500
Renewal (with NCB): ₹5,500 – ₹10,000
Related Three-Wheel EVs
1st Year Premium: ₹6,500 – ₹13,000
Renewal (with NCB): ₹4,500 – ₹11,000
Note: Premium depends on IDV, battery capacity, city, RTO, add-ons, NCB, and insurer selection.
What Is the Main Reason for EV Rickshaw Insurance?
The primary reason to buy EV Rickshaw insurance is:
To protect your electric rickshaw, driver, passengers, and income from financial loss due to accidents, battery damage, theft, natural disasters, and third-party liabilities.
EV rickshaws have high-value batteries and motors, making insurance essential to avoid expensive repairs, replacement costs, and business downtime.
Types of EV Rickshaw Insurance Policies Available
Third-Party Liability Insurance
- Mandatory under Motor Vehicles Act
- Covers injury, death, or property damage to third parties
- Does not cover your own EV Rickshaw
Comprehensive Insurance (Highly Recommended)
- Covers third-party liability + own vehicle damage
- Covers accidents, fire, theft, floods, storms, battery & motor damage
- Ideal for passenger and cargo EV rickshaws
Standalone Own-Damage Insurance
- Covers only your EV Rickshaw
- Requires active third-party insurance
Add-Ons / Riders for Enhanced Protection
- Zero Depreciation Cover
- Battery & Motor Protection
- Engine / Gearbox / Motor Protection
- Roadside Assistance
- Consumables & Charging Equipment Cover
- Return to Invoice
- Passenger / Driver Personal Accident Cover
Add-ons slightly increase premium but significantly reduce out-of-pocket claim costs.
EV Rickshaw Insurance Price – Premium & Cost Factors
Key Factors Affecting Insurance Cost
- IDV (Insured Declared Value)
- Battery & Electric Motor Value
- City / RTO Zone
- Vehicle Age & Model
- No Claim Bonus (NCB) – Up to 50% discount
- Usage Type (Passenger / Cargo / Commercial)
- Policy Coverage & Add-ons Selected
- Claim History & Driver Profile
Why Buy EV Rickshaw Insurance Online from PolicyLegit?
Instant Quote Comparison
Compare premiums from multiple insurers in minutes.
Affordable Pricing
Online purchase reduces agent commission costs.
Customised Coverage
Select add-ons according to EV battery, motor, and operational usage.
Renewal Alerts
Protect your NCB and avoid policy lapse.
100% Digital & Paperless
Instant policy issuance and secure payment.
Dedicated Claim Support
End-to-end assistance for faster claim settlement.
EV Rickshaw Insurance Renewal – Simple Online Process
Renew your EV Rickshaw insurance in 5 easy steps:
- Enter your EV Rickshaw number
- Compare renewal quotes instantly
- Select coverage & add-ons
- Make secure online payment
- Download renewed policy instantly
Renew before expiry to avoid inspection delays, penalties, and NCB loss.
Secure your Electric Rickshaw Insurance today at PolicyLegit.com
Compare, save, and insure your EV vehicle in minutes.
Commercial Vehicle Insurance
Types of Vehicles insured in Commercial Vehicle Insurance Policy
Commercial vehicles are an essential mode of transportation and are heavy-duty vehicles used daily to carry out tasks. Some of the most common commercial vehicles are:
- Trucks
- Vans
- Trailers
- Buses
- Taxies
- Coaches
- Carriers
- Shovels
- Tractors
- Cranes
- Mobile rigs
- Bulldozers
These commercial vehicles transport goods within the city/cities and from one state to another, as well as for intercity passenger tours and travel.
Coverage Under Commercial Vehicle Insurance
- Losses due to riots, strikes, natural calamities such as earthquakes, hurricanes, cyclones, etc, are covered
- Damages to the vehicle arising out of fire, self-ignition and explosion
- Partial or total loss to the insured vehicle due to theft, housebreaking, and burglary
- Loss or damage caused to the third-party property, vehicle, bodily injuries and death of the third person.
- Damages arising out of road accidents or collisions are also covered.
- Wear and tear/depreciation of the commercial vehicle.
- Losses incurred during a civil war, nuclear perils.
- Contractual liabilities of the owner/driver of the insured commercial vehicle are also not covered.
- The occurrence of an accident while driving with an invalid driving license or under the consumption of alcohol.
- Using a vehicle in accordance with 'limitations as to use', for instance, a private car is used as a taxi.
- Electrical and mechanical breakdown, breakage or failure of the insured vehicle.
List of EV Rickshaw Commercial Vehicle Insurance Companies in India 2026
Following is the list of general insurance companies that offer commercial vehicle insurance:
| Insurer Name | Passenger Carrying Vehicle Insurance | Goods Carrying Vehicle Insurance | Miscellaneous Vehicle Insurance |
| Bajaj Allianz Commercial Vehicle Insurance | No | Yes | No |
| Godigit Commercial Vehicle Insurance | Yes | Yes | Yes |
| New India Assurance Commercial Vehicle Insurance | Yes | Yes | No |
| Reliance General Commercial Vehicle Insurance | Yes | Yes | Yes |
| SBI General Commercial Vehicle Insurance | Yes | Yes | Yes |
| Shriram General Commercial Vehicle Insurance | Yes | Yes | No |
| United India Commercial Vehicle Insurance | Yes | Yes | No |
| Zuno Commercial Vehicle Insurance | Yes | Yes | No |
*Disclaimer: The table mentioned above is according to the alphabetical order of the insurance company. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website www.irdai.gov.in
Explore More Under Commercial Vehicle Insurance
- Commercial Vehicle Third Party Insurance
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- Auto-Rickshaw Insurance
- E-rickshaw Insurance
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