About insurance for electric cars

An electric car is a vehicle that uses electric power instead of being propelled by gas. It uses an electric motor and battery to operate. You charge the engine using a wall outlet that can be installed in your home or at a public charging station.

Insurance for electric vehicles is relatively new. You’ll need it if you want to drive an electric car. Electric vehicles have only been in mass production since 1997 when Toyota introduced the Prius. But the popularity of Tesla and other models has significantly increased the number of electric vehicles on the road today. But even now, not all insurers offer coverage and it is still a niche market.

What is electric car insurance?

Electric car insurance is an insurance policy for vehicles that run on electricity over gas. While the majority of coverage is similar to standard car insurance policies, there are some subtleties to note. For example, you may require additional liability coverage for situations unique to electric vehicles – charging cables, charging stations, and EV battery protection.

If you install a charging station at home, you will also need to update your home insurance policy to include the charging station equipment.

How does electric car insurance work?

Insurance for electric cars works the same as other normal policies. You are required to have insurance coverage to drive. You need a minimum of $200,000 in third-party liability. Mandatory coverage also includes accident benefits, direct compensation property damage (DCPD), and uninsured automobile coverage.

Drivers can increase their coverage and plan limits. This allows you to customize your insurance. It’s common to add comprehensive or collision coverage. Speak with your insurer about coverage requirements specifically for electric cars.