The 12 Benefits of Insurance for Electric Cars

The 12 Benefits of Insurance for Electric Cars

Why even bother with insurance? It seems like a waste of money and in most cases, that’s correct. However, it doesn’t hurt to have the coverage in case something happens and you’re left without a way to get around. Also, if you lease your car or it is still under warranty, insurance may be required plus we all know how expensive car repairs can be.

Here are 12 benefits of insurance for electric cars:

12. Peace of Mind

If you purchased an all-electric vehicle, you have made a huge investment in your vehicle and in the automotive world in general. Having the peace of mind that comes with having coverage will put your mind at ease when out on the road. When it comes to repairs, you can feel confident that if something does happen, your vehicle will be back up and running in no time.

11. Accident Forgiveness

If you’ve had any accidents or moving violations on your current insurance policy, some providers may offer accident forgiveness for electric vehicles. This means that even though you had an accident in the past, you will still be able to get insurance on your new electric car.

10. Protected Against Natural Disasters

If a natural disaster hits and floods or destroys roads, you’ll have coverage to take care of any damages that arise from being stranded. If your home is left without power because downed power lines leave you in the dark, your electric car will still be able to take you where you need to go.

9. Roadside Assistance

Some providers offer roadside assistance coverage for electric cars so if something happens and your vehicle is stuck or broken down along the road, you’ll have someone there to help in no time. This means not having to worry about being left stranded somewhere.

8. Peace of Mind for Lease Drivers

If you are leasing your all-electric vehicle, the monthly payments can be high enough as it is. Having insurance that covers everything can help take away some of the financial burden you would have if something were to go wrong with your vehicle.

7. Low Rates

Being an all-electric car means lower rates for insurance because the risk is considered less than that of standard gas powered cars. Even if your electric vehicle has a short warranty or none at all, you can still get affordable rates when it comes to insurance because your risk is very low in comparison to someone who drives a standard car.

6. Change Your Vehicle, Not Your Insurance

If you drive a standard car now and are looking to purchase an all-electric vehicle, the insurance rates may drop. This means that you won’t have to change providers but rather just your vehicle which can save time and money in the long run.

5. No Need for Gas Stations

Most insurance providers offer coverage for home charging stations so you can charge your vehicle at home. This means not having to worry about being stranded somewhere because you ran out of gas or requiring a tow truck to come and get you.

4. Decrease Driving Costs

Being able to drive wherever you want, whenever you want without worrying about how much gas costs, means you can get to places less expensively. No longer will you have to set money aside for the pump or be forced to stay home because of high prices at the gas station.

3. Electric Vehicles Benefit Society

Having more all-electric vehicles on the road helps cut down on pollution that comes from gasoline powered cars which benefits everyone. The cleaner air benefits everyone and helps improve the quality of life in your area.

2. Insurance for Electric Cars is Cheaper Than You Think

The myth that all-electric cars are more expensive to insure than standard vehicles simply isn’t true anymore. If you shop around, you can find ‘green’ insurance policies at very reasonable rates.

1. The 12 Benefits of Insurance for Electric Cars

Having the peace of mind that comes with having coverage will put your mind at ease when out on the road. When it comes to repairs, you can feel confident that if something does happen, your vehicle will be back up and running in no time.

Are all-electric vehicles more expensive to insure than standard cars?

No. Shop around and you will find ‘green’ insurance policies at very reasonable rates.

Will my current provider cover an electric vehicle?

Yes. Your insurer may offer ‘accident forgiveness’ if your vehicle has been involved in a previous accident.

What are the benefits of having all-electric vehicle?

It’s cheaper to drive, there is no need for gas stations, no more reaching into your wallet at the pump, car maintenance = lower costs, enjoy cleaner air quality.

How often do electric vehicles crash?

Electric cars crash less than standard cars. Electric cars are at a lower risk because they experience fewer mechanical failures that could result in an accident.

What about driving range?

The average electric car has a driving range of 80 – 120 miles per charge so there’s no need to fuel up every time you want to go somewhere.

Upon Analyzing The Facts

So, the next time you’re driving your electric car and it’s running out of juice before reaching its destination, don’t despair. You can now rest easy knowing that there’s a reliable insurance plan just for you! At least until self-driving cars become commonplace. In the meantime, be sure to keep an eye on how much charge is left in your battery so as not to have any surprises when it comes to paying for insurance coverage. If you’re curious about what other benefits might come with our policy or want help choosing a new vehicle altogether, we’ve got experts standing by waiting to hear from you—just comment below!

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