New Delhi, Oct. 12 -- Insurance claims for repairing electric vehicles cost owners 14% more on average than for comparable petrol and diesel four-wheelers, according to the latest data released by insurance marketplace Policybazaar.

The average claim cost for an electric car stood at Rs.41,543, compared with Rs.36,185 for an internal combustion engine (ICE) car. The comparison covers vehicles priced between Rs.10 lakh and Rs.15 lakh in their first three years of ownership, excluding large-loss claims.

EV insurance claims have become pricier during the monsoon due to the impact of flooding, waterlogging and adverse weather. Average claim severity rose to nearly Rs.65,000 during this period, 25% higher than the Rs.52,000 average recorded ...