Get to Know All the Peculiarities of the Electric Car Insurance

The number of electric vehicles is increasing every year. They allow you to save a lot on maintenance, import duties, and excise. Some owners find that their vehicle saves on insurance as well. At the same time, the argument is simple: such cars are not yet very popular among car thieves, they are still rarely driven between cities, and in general, they are designed for quiet movement. Of course, there is logic in these arguments. We offer to understand together the nuances of insurance for innovative cars.

Electric car insurance

As practice shows, an insurance policy for an electric car is needed even more than for a car that runs on gasoline. An electric car is exposed to the same dangers as a conventional vehicle with an internal combustion engine. There are also specific points.

Car accident. More than half of these cars are registered in large cities, where the risk of collision is quite high. The speed of driving in the city is lower than on the highway, but an electric car can be badly damaged even with a small impact. If the battery is damaged, the loss in the value of the car will be up to 60%, as a new one will have to be ordered. Also, in an accident, electronics can be damaged, the repair of which is always expensive.

Fire. Car fires are not as rare as it seems at first glance. They make up 20% of the total number of fires. Electric cars, due to their design features and the presence of an electrical system, have a higher risk of ignition. In addition, extinguishing such cars is more difficult. Although the consequences of fire will be less than that of a car with an internal combustion engine.

Theft. Indeed, electric cars are stolen much less often than conventional ones. But, firstly, this is due to their small number, and secondly, the car may not be touched, but the battery will be removed. The latter is very popular on the black market. They are willingly bought by those who got into an accident, or those whose warranty is coming to an end;

Natural disasters. Like other cars, an electric car is not immune from branches, icicles falling on it, falling under the roadway, falling into a flood, etc. The latter danger is detrimental to the car’s electrical system.

Criminal acts of third parties. The danger of theft or damage resulting from the hooligan actions of not quite adequate people remains high.

What should you pay attention to when insuring an electric vehicle?

When insuring an electric car, be sure to read the terms of the contract. Insurance can be full or partial. When choosing between them, it is best to start from the storage conditions of the car, the region of residence, the criminal situation, driving experience, etc. Partial insurance is suitable for those who are only afraid of an accident.

Attention should be paid to the following points. For example, under what conditions is the battery, the “heart” of the car, insured? How is it planned to be repaired or replaced? Another important point is the insurance of the risk of ignition of the wiring.

So if you want to get an electric car be sure to insure it. Find the best deals available on the Mustard website.

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