Rest assured, the reason why car insurance for electric vehicles costs more than standard vehicles is not because of you as a driver. Electric cars are significant pieces of hardware and technology on wheels, some of which are the latest in their industry. While you’re more than guaranteed to save on upkeep and fuel (or lack thereof) costs, insurance for electric cars is more than standard car insurance because they are simply too expensive to fix if something happens. This looks at this fact of insurance in detail and offers some insights on how to get affordable electric car insurance.
Electric cars have exclusive components like battery packs and electronic engines, which are all more expensive to repair if they are broken than their petrol counterparts. There are whole sets of protocols that specialised auto shops have to go through in order to administer the proper repairs. This is also the case for more expensive cars and higher makes and models. As previously mentioned, the main reason why anyone would buy an electric car is to save on upkeep and petrol rather than car insurance.
An average for how much people pay for electric car insurance is difficult because everyone pays a different amount for coverage. But to give you an idea, one of the cheapest electric cars to insure is the Hyundai Kona at an annual $2,152 in the US. That is greater than the average for normal car insurance in some states. So, you can expect your electric car insurance to cost at least this much.
When it comes to reducing how much you pay for electric car insurance, the most reliable way of doing so is to maintain a clean driving record. Avoiding claims and accidents can lower your premiums in time and show your insurance provider that you are not a risky driver. Discounts aren’t as readily available for electric cars as they are for standard cars, so you’ll want to become the best driver you can be with your electric car.