A new index is introduced for eccentricity fault diagnosis in three-phase squirrel-cage induction motors. Basically, some physical quantities of the motors structure such as air gap length influence this index, while other operational factors including motor supply, control type, load level, and its fluctuation cannot affect the proposed index. The influence of various eccentricity faults upon this index is investigated and shows the segregation ability of different eccentricity types by the index. It is indicated that the change of load, speed, and saturation level can slightly change the index value. Experimental results confirm the simulation results.