New Delhi, April 24 -- Electric vehicles (EVs) are on the rise in India. But the insurance on such vehicles is expensive compared to those that run on petrol and diesel. Further, most insurance policies do not cover batteries. The cover on batteries can be bought only as an 'add-on' in most policies. Here is a primer on insurance for EVs, the ideal coverage you should have and other important aspects to keep in mind while purchasing your policy.

The insurance on EVs is expensive compared to petrol and diesel vehicles as the IDV (Insured Declared Value) is higher. EVs are typically priced higher than vehicles that run on petrol and diesel. The insurance on EVs is decided after taking into account several aspects including the model of the...