Electric 3 Wheeler Auto Insurance: A Guide to Policies and Protections

Electric 3 Wheeler Auto Insurance: A Guide to Policies and Protections

Electric vehicles are changing the landscape of transportation and India is no exception. The surge in popularity of electric three wheeler, such as those produced by Altigreen, highlights a growing shift towards eco-friendly, cost effective transportation options. These cargo vehicles, including passenger autos and electric three wheeler loader, offer numerous benefits but like any other vehicle, they require insurance. This guide will help you understand the various insurance policies and protections available for electric three wheeler in India.

The Rise of Electric Three Wheeler in India

Altigreen Electric three wheeler, especially those designed for passengers and goods are becoming more common on Indian roads. These vehicles, powered by rechargeable batteries, provide a sustainable alternative to traditional petrol and diesel vehicles. Not only are they better for the environment, but they also offer lower running costs, making them an attractive option for many.

Why Choose Altigreen Electric Three Wheeler?

1. Eco Friendly: Altigreen, Electric three wheelers produce zero emissions, contributing to a reduction in air pollution.

2. Cost Effective: They have lower operational costs compared to traditional fuel powered vehicles i.e., 0.92 paise per km.

3. Government Support: The Indian government offers various subsidies such as EMPS and incentives to promote the adoption of electric vehicles.

The Importance of Insurance for Electric Three Wheeler

Insurance is essential for any vehicle and electric three wheeler loader is no exception. Insurance provides financial protection and ensures compliance with legal requirements. In India, third party liability insurance is mandatory for all vehicles, including electric three wheelers. This type of insurance covers damages to third parties in the event of an accident. However, there are additional coverage options that offer broader protection.

Types of Insurance Policies

1. Third Party Liability Insurance: This is the minimum required by law. It covers damages to third parties, including injury, death, and property damage.

2. Comprehensive Insurance: This offers extensive coverage, including third party liability and damages to your vehicle due to accidents, theft, fire, natural disasters, and man-made incidents.

3. Own Damage Insurance: This optional cover protects against damages to your vehicle from accidents, theft, fire, and other risks.

4. Personal Accident Cover: This provides coverage for the driver in case of an accident leading to injury or death.

Key Features to Look for in an Insurance Policy

1. Coverage: Ensure the policy covers all potential risks, including accidents, theft, and natural disasters.

2. Premium: Compare premiums from different insurers to find the most cost effective option.

3. Claim Settlement Ratio: opt for insurers with a high claim settlement ratio to ensure efficient claim processing.

4. Add On: Consider additional protections like zero depreciation cover, roadside assistance, and passenger cover.

Benefits of Insuring Altigreen Electric Three Wheelers

1. Financial Protection: Insurance covers repair or replacement costs in case of damage or theft.

2. Legal Compliance: It ensures you meet legal requirements under the Motor Vehicles Act.

3. Peace of Mind: Knowing you are covered in case of accidents or other unforeseen events provides peace of mind.

4. Enhanced Safety: Add on like personal accident cover and passenger cover offer additional safety for drivers and passengers.

Challenges in Insuring Electric Cargo Three Wheeler

While there are many benefits, insuring electric three wheelers also presents some challenges:

1. Limited Insurers: Not all insurance companies offer policies for electric vehicles.

2. Higher Premiums: Initially, premiums for electric vehicles may be higher due to the high cost of batteries and repairs.

3. Awareness: Many owners are not fully aware of the insurance options and benefits available for electric three wheeler loader.

Commercial Electric Vehicles in India

Commercial electric vehicles, including those from Altigreen, are also on the rise in India. The insurance requirements for traditional vehicles are similar to those for Altigreen electric three wheelers, with additional considerations for commercial use.

Insurance for Commercial Electric Vehicles

1. Commercial Auto Insurance: Covers vehicles used for business purposes, including third party liability and own damage.

2. Goods In Transit Insurance: Specifically for electric loaders, this covers the goods being transported against risks like theft, fire, and accidents.

3. Fleet Insurance: For businesses with multiple vehicles, fleet insurance provides coverage for all vehicles under a single policy, often at a reduced rate.

Steps to Insure Your Electric Cargo Three Wheeler

1. Research: Compare policies from different insurers to find the best coverage and premium.

2. Understand Your Needs: Determine the type of coverage you need based on how you use your vehicle.

3. Check for Discounts: Look for discounts on premiums for electric vehicles, as some insurers offer lower rates to promote eco-friendly transportation.

4. Read the Fine Print: Understand the terms and conditions, exclusions and claim process before purchasing a policy.


Insuring your electric three wheeler, whether it's a passenger auto or an electric loader, is not just a legal requirement but also a smart financial decision. With the right insurance policy, you can protect yourself from financial losses due to accidents, theft, and other risks. As the popularity of electric vehicles continues to grow in India, more insurance options are becoming available, making it easier than ever to find a policy that meets your needs.

Altigreen is at the forefront of this revolution, offering high quality electric cargo three wheeler that combine efficiency with sustainability. By investing in comprehensive insurance, you ensure that you and your vehicle are protected, allowing you to enjoy the benefits of clean, efficient, and sustainable transportation without worry.

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