Tesla Car Insurance in India: Tesla, the world’s leading electric vehicle (EV) manufacturer, officially entered the Indian market in July 2025 with its first showroom at Bandra Kurla Complex (BKC) in Mumbai. This marked a new chapter in India’s premium EV segment. If you are planning to buy a Tesla, one of the most important steps after purchasing the car is getting the right car insurance.
In India, under the Motor Vehicles Act, 1988, at least third-party insurance is mandatory. However, for a premium electric car like Tesla, opting for a comprehensive insurance policy is a much safer choice. Let’s explore why Tesla insurance is essential, the types of coverage available, and how you can buy the right policy.
Also Read- Tesla Upcoming Cars in India: Prices, Features & Launch Dates Revealed
Why Tesla Car Insurance is Essential
Tesla cars are high-tech, luxury electric vehicles equipped with features such as Autopilot, advanced battery packs, and electric motors. These unique elements make them different from regular cars and also more expensive to repair. That is why choosing the right insurance is crucial.
- High IDV (Insured Declared Value): Tesla’s price in India (for example, Model Y is expected to start at around ₹60 lakh) makes its IDV higher, which directly increases the premium.
- EV-specific cover: Batteries, charging systems, and advanced tech features need special coverage.
- Expensive repairs: Tesla repairs require specialized tools and trained technicians, and service centers are still limited in India.
Types of Tesla Car Insurance in India
When buying insurance for your Tesla in India, you have two main options:
1. Third-Party Insurance
- Mandatory under Indian law.
- Covers damages to another vehicle, person, or property.
- Does not cover your Tesla’s damages.
- Estimated cost: ₹7,000 – ₹15,000 annually (for luxury cars).
2. Comprehensive Insurance
- Covers both third-party liability and your own car’s damages.
- Protects against theft, fire, natural disasters, and accidents.
- Recommended for Tesla since it includes battery, motor, and high-tech parts.
- Can include add-ons such as Zero Depreciation, Roadside Assistance, and Battery Protection.
- Estimated cost: ₹50,000 – ₹1.5 lakh annually (depending on model and add-ons).
Step-by-Step Process to Buy Tesla Car Insurance
1. Choose an Insurance Provider
Tesla owners can select from leading insurers in India.
- Public insurers: New India Assurance, National Insurance, Oriental Insurance, United India Insurance.
- Private insurers: Bajaj Allianz, HDFC ERGO, ICICI Lombard, Tata AIG.
👉 Tip: Pick a company with strong experience in EV insurance policies and a high claim settlement ratio. Tesla showrooms also provide details of their partner insurers.
2. Collect Required Documents
To apply, you will need:
- Vehicle Registration Certificate (RC)
- Driving License
- ID and Address proof (Aadhaar, PAN, Passport)
- Tesla purchase invoice and model details
- Previous insurance copy (for renewal)
- Bank details for payment
3. Get Insurance Quotes
- Online: Visit insurer websites or platforms like Policybazaar to compare Tesla insurance quotes.
- Tesla Dealership: Contact Tesla’s Mumbai showroom (BKC) or their official website for partner insurance offers.
Premium depends on IDV, car model, location, and add-on covers.
4. Select Policy and Add-ons
Some must-have add-ons for Tesla:
- Zero Depreciation Cover – prevents value deduction during claims.
- Battery Protection Cover – secures against battery damage or theft.
- Roadside Assistance – support for breakdowns or battery drain.
- Engine Protection – covers Tesla’s electric motor.
5. Pay Premium Online
You can pay via UPI, credit/debit card, or net banking. After payment, you will receive the insurance policy document.
6. Verify Policy Details
Double-check all information like IDV, premium, coverage terms, and Tesla’s model details. Report errors immediately.
Also Read- Tesla Upcoming Cars in India: Prices, Features, and Launch Dates of Model Y, Model 3, Model S & More
Tesla Car Insurance Claim Process
In case of an accident or damage:
- Inform the insurer immediately via helpline or online claim registration.
- Submit documents – Policy copy, RC, DL, FIR (if third-party damages), repair estimates, and photos.
- Surveyor inspection – Insurer sends a surveyor to assess damage.
- Repair process – Preferably at Tesla-authorized service centers. Cashless claims are processed directly, while reimbursement requires bills.
- Claim settlement – Once verified, the insurer releases payment.
Special Considerations for Tesla Insurance in India
- EV Policy Benefits: The Government’s new EV policies and import tax relief may reduce Tesla’s cost, affecting IDV and insurance premium.
- Limited Service Centers: Ensure your insurer has tie-ups with Tesla-authorized repair centers in India.
- No Claim Bonus (NCB): If you haven’t made a claim earlier, you may get a discount on Tesla insurance.
- Premium Factors: Model, car price, driving history, location (Mumbai/Delhi premiums are higher), and add-ons chosen.
Tips to Save on Tesla Insurance Premium
- Compare quotes from multiple insurers before finalizing.
- Check Tesla’s official dealership for tie-ups with insurance companies.
- Buy insurance online to avail discounts.
- Renew policies on time to avoid coverage gaps.
Estimated Cost of Tesla Car Insurance
- Third-Party Insurance: ₹7,000 – ₹15,000 annually.
- Comprehensive Insurance: ₹50,000 – ₹1.5 lakh annually.
- Add-ons: ₹5,000 – ₹20,000 extra depending on covers.
Final Thoughts
Buying a Tesla in India is a premium experience, and protecting it with the right insurance is equally important. A comprehensive policy with essential add-ons like Zero Depreciation and Battery Protection is the best choice for Tesla owners. You can explore Tesla’s Mumbai showroom (BKC) or their website to get details of partner insurance providers.
Always compare quotes, check claim settlement records, and carefully read policy terms before purchasing. With the right insurance, your Tesla will stay protected, giving you peace of mind and a smooth driving experience across India.
Note: This article is based on information available as of September 2, 2025. For the latest updates on Tesla’s insurance policies or government regulations, contact Tesla or your insurance provider directly.
Tesla Car Insurance in India – FAQs
What is the cost of Tesla car insurance in India?
Is Tesla car insurance mandatory in India?
Which insurance is best for Tesla cars in India?
Zero Depreciation Cover
Battery Protection Cover
Roadside Assistance
Engine Protection
This ensures complete protection for Tesla’s high-tech parts and reduces out-of-pocket expenses during repairs.
Can I buy Tesla insurance online in India?
Which companies provide Tesla car insurance in India?
Public: New India Assurance, Oriental Insurance, National Insurance, United India Insurance.
Private: Bajaj Allianz, HDFC ERGO, ICICI Lombard, Tata AIG.
Does Tesla car insurance cover the battery?
How is Tesla car insurance premium calculated in India?
Car’s price and Insured Declared Value (IDV)
Tesla model and variant (e.g., Model Y, Model 3)
City of registration (premiums are higher in Mumbai/Delhi)
Add-ons selected (Zero Depreciation, Battery Protection, etc.)
Driving record of the owner
What documents are required for Tesla insurance in India?
Vehicle Registration Certificate (RC)
Driving License
ID and Address proof (Aadhaar, PAN, Passport)
Tesla purchase invoice
Previous insurance details (for renewal)
How to claim Tesla car insurance in India?
Inform the insurance company immediately.
Submit documents like policy copy, RC, DL, FIR (if third-party involved), and damage photos.
A surveyor inspects the damage.
Repairs are done at Tesla-authorized service centers.
Claim is settled via cashless or reimbursement mode.