The cost of insurance is frequently overlooked and usually ignored. Is it more expensive to insure electric cars, and do you need a special policy? You'll discover out in this advice guide.
Is it important to insure an electric car?
To drive an electric car on UK roads, you must insure it just like any other vehicle. You'll still need one, whether it's a third-party or comprehensive policy.
If you don't have insurance for your electric car and are found driving it, you'll be fined £300 and given six points on your license. If the issue goes to court, there is no cap on how much you can be fined, and you could lose your license.
The police also have the authority to take and, in some situations, destroy your car. In a sentence, don't drive without insurance.
Is insurance an electric car more expensive?
Insurance costs vary greatly depending on the car you're insuring and your personal circumstances, but electric cars are often more expensive to cover than their petrol or diesel equivalents.
The difference isn't as large as it once was, since electric car prices have come down somewhat, repairs have become more regular, and there's the added benefit of being less of a target for theft.
However, because of their higher pricing and often higher levels of equipment, they still cost a little more to cover.
How much does it cost to insure an electric car?
This is one of those "how long is a length of string" questions, where the answer usually varies depending on a lot of situations. It depends on your own unique cases, including accident history, where you live, and your driving experience, as well as the car you're insuring, just like any other car.
When getting an insurance quote for an electric car, the same elements are considered, hence the process is the same as it is for any other policy.
Who offers electric car insurance?
Of course, which insurers will cover you depends on your specific circumstances, but the same insurers who can supply you with a policy for a conventional car can also give you with one for an electric vehicle.
This means you can search for your coverage in the regular locations, such as comparison websites or directly calling providers - there are no additional hoops to jump through.
Do I need a special electric car insurance policy?
In most cases, you won't need a separate electric car insurance policy to protect your vehicle. Some insurers may provide additional benefits, but any policy that covers the vehicle, whether third-party or comprehensive, is valid.
Are battery failures covered by insurance?
This will vary depending on the provider and your policy, however some insurance companies will cover the batteries in an electric car if they fail.
Fire and accidental damage coverage, breakdown coverage, and even coverage for the vehicle's charging cable or your wallbox charger are all available.
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