Are Electric Cars Covered By Auto Insurance?

​Electric car insurance may cost extra. Due to their higher cost and more complex elements, electric vehicles may cost more to fix or replace after an accident. Comprehensive and collision coverage may cost more. Tax incentives and long-term fuel and maintenance savings may balance higher insurance prices.

Why is electric car insurance higher?
Most electric and hybrid vehicles (which combine gas and battery-powered engines) are more expensive than gasoline-only vehicles, but the price gap is shrinking. A more expensive vehicle's repair or replacement costs usually raise its insurance rate. Electric cars have fewer moving parts than traditional cars. 

These parts are pricey. Repairs may cost more if a battery is destroyed due to extra precautions. Electric vehicle repair shops are scarce. This may lead repair shops to charge more due to their specific training.

Insurance firms may pay more to settle electric or hybrid car accidents, raising drivers' premiums. The car's construction increases risk. Repairs and insurance should decrease as more people acquire electric cars and components and qualified mechanics become available.

Can electric auto insurance be lowered?
Your insurer may cut your price if you have no accidents or penalties. Age and location affect your premium. Electric car demand has lowered insurance costs for various makes and models.

There are various discount programs available. Discounts are available from many insurers for things like bundling insurance, insuring several vehicles, going claim-free, and taking defensive driving courses.

Conclusion 
Electric cars are in demand due to rising gas prices and climate change awareness. Insurance companies might help clients navigate EV problems and opportunities. Traditional insurance policy solutions are being reimagined as creative offers that help protect the customer's interests instead of only the customer's assets.

At Kapasu Insurance Services Inc., we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (760) 995-3853 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!