Electric car insurance: costs & what to look out for?
Do I need special car insurance for an electric car?
It is still worth taking a closer look when it comes to comprehensive insurance: certain insurance services that are important for an e-car can be included in the normal tariff or offered as an additional service. Individual services are sometimes only offered as part of an additional electronic module. All in all, the offers of the car insurers are knitted very differently, which does not exactly facilitate the comparison.
What benefits should electric car insurance include?
Is the e-car battery also insured?
What does an all-risk cover for the battery bring?
As an additional module, some insurance companies offer so-called all-risk or all-risk coverage for damage to the battery. The batteries are fully comprehensively protected against all dangers, unless they have been excluded in advance. Construction errors, chemical reactions and wear and tear are usually excluded – as is the decreasing performance of the battery over time. In the case of such damage, however, the manufacturer’s guarantee sometimes applies.
“All-risk coverages meet customers with an increased need for security,” explains Wolfgang Schütz from the comparison portal Verivox. “But the important risks can also be hedged without this building block.” Even among the cheapest tariffs on the market, many already include all-risk coverage or offer it for a manageable surcharge. You don’t have to pay more than 20 to 40 euros.
Attention, towing costs!
Transporting an electric car is much more difficult with a car with an electric drive than with other cars. The reason: In an e-car, electricity is generated via the drive axle. Improper towing can lead to short circuits.
Is there used car insurance for e-cars?
How is the price of electric car insurance calculated?
In principle, the insurance premium for an e-car does not have to be more expensive than for a combustion engine. In some cases, e-cars are even cheaper to insure – even if the tariff includes additional modules such as all-risk coverage. This is mainly related to the type class classifications: If the drivers of a model cause few damages, the classification is low and the insurance is cheap. In general, electric cars often fare quite well here – compared to similarly powered petrol vehicles.
Are e-cars more expensive to insure than combustion engines?
Average contribution for selected electric cars and comparable combustion engines*
Tesla Model 3
Fiat 500 E
Fiat 500 1.0
Hyundai Kona Electric
Hyundai Kona 1.6 T-GDI
VW Golf 8 1.5 TSI
Mini Cooper SE
Mini Cooper 2.0 S
Verivox has evaluated the five cheapest fully comprehensive tariffs for all car models and formed the average price from them. All evaluated tariffs included important services such as protection against damage and consequential damage caused by animal bites, extended game damage protection and protection even in the event of gross negligence.
In the case of electric cars, important performance features were also required to protect the expensive battery – for example, coverage for damage caused by short circuits or overvoltage.
The tariff calculation was based on a typical driver profile, which was identical for all model vehicles (44-year-old family man from Münster; 12,000 km mileage; new car; single driver, no-claims class 13, excess €150 partially comprehensive, €300 fully comprehensive).