Electric car insurance: your questions answered
Finding the best car insurance is no easy task, especially when it comes to insuring your electric vehicle (EV).
That being said, by getting the right answers to the right questions, you can be well on your way to finding the right EV insurance for you and your car.
Read on, to find all your questions answered on electric car insurance.
Where can you get the best electric car insurance?
If you’re looking for the best EV insurance, the two main things to consider are the coverage and the premiums.
Essentially, you want an insurer that offers the right coverage you need for your vehicle – whether that be for your car, charging stations, vehicle towing, etc. – all for the lowest cost of your premiums.
Check out coverage for electric cars with Lemonade Car, for instance, if you want to see what kinds of bonus coverage and discounts are available to you.
What is electric car insurance?
EV insurance is a particular type of insurance policy that’s designed for – you guessed it – electric cars. Simply put, if you have an EV, you need EV insurance.
Just in case you weren’t sure, an EV is a type of vehicle that runs off an electric battery and electric motors, which are used to propel the car. There are different types of EVs available – e.g., some also include gas engines, some don’t – but this is the core component in each one, that defines it as an EV.
Therefore, if you own any type of EV – whether a hybrid, plug-in hybrid, or pure EV – then you must take out an EV insurance policy to legally drive your car.
What are the benefits of electric car insurance?
Now onto the key part, where you find out what’s in it for you. Here are some of the benefits you can get when you take out an EV insurance policy:
- Discounted premiums
A great benefit of EV insurance is that you can receive discounts on your premiums, simply for driving a type of electric car.
One of the main aspects of an EV is that they are significantly more fuel efficient than standard gas cars. Depending on the type of EV you drive, you either use much less, or possibly zero fuel when driving.
When gasoline is burned in a car’s engine, it releases carbon dioxide (CO2) emissions into the atmosphere, which is harmful to the planet’s ozone layer.
Therefore, since EVs burn less fuel than gas cars, it means much less harmful emissions and a more environmentally friendly way of travelling.
As a result, insurance providers offer discounts for drivers of EVs as a way of encouraging this greener form of driving.
- Flexible coverage
Another benefit of taking out an EV insurance policy is that you can gain flexible coverage for your car, including all the important components that go with it.
Unless your EV is a hybrid, your car will need to be charged at a charging station, or through a compatible electric outlet.
Many drivers choose to have a charging station installed in their home for easier use, or opt for a portable charger to give the car some juice on the go.
With EV insurance, you can cover every aspect of your driving, including these components, to give your entire EV driving experience the protection and re-assurance it deserves.
- Emergency assistance
Since your EV runs on electric charge, there’s always the fear that you’ll run out and be stranded in the middle of nowhere.
Fear not, because with the right EV insurance you can receive cover for any emergency assistance you might require with your vehicle, anywhere you find yourself on the road.
If your car runs out of charge, you can have it towed to the nearest charging station, and your insurance can cover the cost.
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