Costly Blunders To Avoid When Insuring Your Electric Car

There are potential pitfalls in insuring your EV and attention to detail here is important: even seemingly minor modifications can have a substantial impact on your policy.

High Insurance Premiums: A Costly Oversight

The initial revelation for many new EV owners is the cost of insurance. While electric cars are known for their cost-efficiency in terms of fuel and maintenance, their insurance premiums can be a different story. This is often due to the higher costs associated with repairing or replacing their advanced technological components.

Avoid the Blunder

Before settling, compare policies from different insurers, especially those with a focus on electric vehicles. Some insurers might offer tailored policies or discounts for EV owners, potentially offsetting the higher premiums.

Battery Coverage: The Heart of Your EV

An electric car's battery is not just a crucial component; it's also among the most expensive to replace. However, some insurers might not cover the battery comprehensively, especially if it's leased separately.

Avoid the Blunder

Ensure your insurance policy provides explicit coverage f...