One EV issue that rarely gets talked about is insurance. As production EVs are relatively new, getting insurance for your new electric car could be an interesting experience.
Since an electric car is good for the environment, you may be able to score an insurance discount. Another factor working in your favor is that you may be perceived as a safe and dependable driver. After all, what reckless person would be concerned about saving the environment? The fact that new EVs are also well built could factor into your rates possibly being lower as well.
On the other hand, you might actually have to pay a higher insurance premium for an EV. That’s because EVs are still more expensive to purchase than comparable gasoline powered vehicles.
Age, driving record still key Most insurance companies also say that there isn’t enough data to conclude anything about the driving habits of those who use an electric car. While you might appear to be safe driver, the data isn’t good enough to offer discounts for some carriers yet. The best thing to do is inquire with a specific insurer for details in terms of rates for EVs.
Gas car or EV, the biggest factors in determining premiums are your age and driving record. But this doesn’t mean a smart car owner can’t look out for auto insurance carriers that with a specific electric car policy and/or discount. Perusing the Internet can be a great way to find auto insurance companies who might offer special deals for EV owners.
If you are thinking about buying an electric car, you are adding yet another layer to the insurance seeking and quoting process. On the bright side, an EV could score you a discount, or it could have no effect at all on your rate. On the down side, you might be charged more, mostly due to the fact that a new EV such as a Nissan LEAF is priced considerably higher than a comparable gasoline car.
These are just a few things to consider when purchasing insurance for your electric car.