Insuring your electric vehicle is an essential step in making sure that you’re secure on the road and that you can bounce back should anything go awry in relation to your car.
Electric vehicle insurance is designed specifically for electric cars, meaning that it covers more than just what a normal car insurance policy can, as it includes coverage for electric vehicle-specific features.
In this article, we’ll dive into the reasons why you must insure your electric vehicle.
It’s Required by the Government
Car insurance is mandated by the government for any vehicle on the road. An electric vehicle policy typically includes coverage that comes with regular car insurance, except that it has certain extra features that are designed to protect this type of modern vehicle.
You and Your Property are Protected
Electric vehicle insurance is meant to keep you, your family, and others on the road safe. In the event of an accident, you can rest assured that you can take care of any injuries and damages that may occur.
Electric vehicle insurance also typically protects your car, which means that you can easily pay for covered expenses, such as repairs and replacements.
You Save Time and Hassle
The aftermath of a car accident brings about tedious deals and time-consuming to-do’s. With electric vehicle insurance, you can save yourself from the hassle.
When you file a claim, your insurance provider can help you through the process. They can assist with towing, repairs and replacements, and even negotiating with other concerned parties, all on top of providing you financial support.
You Get Coverage Specific to Electric Vehicles
Electric vehicles aren’t regular cars–they come with specific features. Electric vehicle insurance is designed for this type of vehicle so it meets the needs of its owners. You can add coverage concerning charging stations, battery protection, and other electric vehicle tech.
You Can Get a ‘Green’ Discount
The Canadian government offers ‘green’ rebates for some electric vehicles. You can get up to $5,000 because you converted into this type of car. Plus, some insurance brokers also give you a discount on your premiums.
You May Get Subsidized for Switching to Electric
Some insurance providers give a subsidy to car owners who upgrade their gas-powered or hybrid cars into electric vehicles after a total loss. This makes for a great incentive to make the switch.
How to Insure Your Electric Vehicle
The first step to insuring your electric vehicle is finding an insurance provider that can deliver great customer service and support. You want to be able to work with a broker who can provide you with adequate coverage and who you can trust will be there right when you need them to be.
Shop around for options, then compare the policies that they offer. Next, choose a coverage plan that suits your needs. You can get a basic plan and add riders or buy a comprehensive plan that gets you covered all around.
