Electromobility is booming in Germany and more and more drivers are switching to environmentally friendly electric vehicles. But even though electric cars offer advantages due to their low emissions and energy efficiency, they still need to be insured. However, electric vehicles have different requirements for car insurance than conventional vehicles with combustion engines.
Choosing the right car insurance for an electric car can therefore be a challenge. There are different policies and rates that need to take into account that electric cars have expensive batteries and have different hazard potentials than conventional vehicles. Which policies and rates make sense depends on various factors, such as the value of the vehicle and how it is used.
In this article, we will explain what to look for when choosing car insurance for your electric vehicle and which policies and rates are suitable for your electric car. We highlight the different insurance models and give you valuable tips on how to make the right decision to optimally insure your electric car.
Find out in our article which car insurance and electric vehicles make sense and how you can also save money in the process. We will help you make an informed decision when choosing your car insurance policy.
Electric vehicles and their special insurance needs
The increasing popularity of electric vehicles has led to new insurance needs. Compared to conventional cars, electric vehicles have a different set of risks and damages that need to be insured for.
For example, electric cars can cause a fire if the battery overheats, which can lead to high damages. Therefore, it is important that the insurance policy for electric vehicles includes specific coverage for fire or overheating damage.
In addition, electric cars usually have higher repair costs due to their special technology and expensive spare parts. Insurance for electric vehicles should therefore include comprehensive coverage for repair costs and special damage to the battery.
Vehicle owners should also pay attention to their individual needs and choose an insurance policy that fits their vehicle model and individual driving style. Because depending on how you drive and how many miles you drive each day, your insurance needs may also differ.
Overall, it is advisable to become well acquainted with the various insurance options for electric vehicles and to choose comprehensive coverage in order to be adequately protected in the event of a claim.
What types of car insurance are there?
Before choosing an auto insurance policy, it’s a good idea to learn about the different types available. In Germany, there are three types of car insurance: liability insurance, partial coverage and comprehensive insurance.
- Liability insurance: this insurance is required by law and covers damage you cause to others with your own vehicle. Liability insurance is the cheapest option.
- Partial coverage: In addition to damage caused to others with your own vehicle, partial coverage also covers damage caused to your own vehicle by third parties, such as.B. Theft, fire or wildlife damage.
- Fully comprehensive insurance: Fully comprehensive insurance is the most comprehensive type and, in addition to the benefits of partial comprehensive insurance, also covers damage to your own vehicle caused by yourself.
Fully comprehensive insurance is especially recommended for electric vehicles, as repair and replacement costs for electric vehicles are often higher than for conventional vehicles. In addition, when choosing an insurance policy, make sure that it also covers damage caused by defects in the charging infrastructure.
It is always worth comparing different quotes and rates to find the right car insurance policy. A higher deductible can also lower monthly costs, but should only be chosen if you can afford the cost in the event of a claim.
Tips for choosing the right insurance for electric vehicles
Insurance premiums for electric vehicles often differ from those for conventional cars. It is therefore important to consider a few things when choosing the right car insurance for an electric car.
- Consider the value of the car: Since electric cars are often more expensive than conventional cars, make sure your insurance covers the full value of the car.
- Consider what type of coverage you need: While liability insurance is mandatory, you may also need comprehensive insurance to protect your electric car from theft, fire and accidental damage.
- Check what specialized insurers offer: there are insurance companies that specialize in electric cars and may offer better options for electric car owners.
However, there are also some things to consider when choosing the right car insurance for an electric car that go beyond insurance coverage:
- Consider the charging process: some insurance companies offer special coverage in the event that your electric car suffers damage during charging.
- Consider the battery: the battery of an electric car is often the most expensive part of the vehicle. Your insurance should be able to cover repairs or replacement costs if damaged.
- Consider renewable energy insurance: since electric cars are often powered by renewable energy resources, it may make sense to purchase insurance that focuses on renewable energy sources.
Additional policies for electric vehicles
Car insurance has changed a lot in recent years. Electric vehicles in particular have brought new challenges for insurance companies and car owners. One important policy for electric vehicles is comprehensive insurance. Because electric vehicles are often more expensive than gasoline or diesel vehicles due to the expensive technology, comprehensive insurance is essential. This policy covers all damages to the own vehicle.
Another important policy for electric vehicles is gap insurance. This policy is particularly useful if the vehicle is leased or financed. Gap insurance pays the difference between the value of the vehicle and the outstanding amount of financing if the vehicle is stolen or totally damaged in an accident.
An additional insurance for electric vehicles is the charging station insurance. This policy is very useful if you have a private charging station for your electric vehicle. Charging station insurance covers damage to the charger or infrastructure, as well as lost profits due to charging station failure.
- Some insurance companies also offer special insurance for the battery. Since the battery of an electric vehicle is often the largest cost, it makes sense to have insurance for the battery. This policy covers damage and a possible decrease in capacity.
Another important factor for an electric car insurance is the coverage of the battery. The battery of an electric vehicle is an essential part of the vehicle, for which a high level of insurance coverage is necessary. Here, coverage for theft, fire, short circuits or robbery is important.
Ultimately, any additional policy for electric vehicles is beneficial to cover potential risks. However, care should be taken to ensure that the cost of these policies is reasonable in relation to the value of the vehicle.
Choosing the right car insurance for electric vehicles
An electric vehicle requires a special car insurance policy, which takes into account the high acquisition costs and the special risks of electric motors.
There are several policies to choose from, depending on individual needs and the level of protection desired:
- Liability insurance: the basic insurance required by law, which covers damage to third parties.
- Partial comprehensive insurance: Recommended for theft, glass breakage or damage caused by natural events.
- Comprehensive insurance: in addition to partial coverage, it also covers damage to your own vehicle, including vandalism.
When choosing the right car insurance, you should also pay attention to special offers, such as discounts for electric vehicles, alternative drives or low CO2 emissions.
You should also find out about additional services, such as a cover letter that offers assistance in the event of a breakdown at home or abroad.
Carefully compare the policies and conditions offered to find the best insurance for your electric vehicle.