Insurance Products Claims Knowledge Hub My Account 08000 66 55 44 Everything you need to know about insuring electric cars Driving 3 min read Electric cars are becoming more popular as the trend towards environmentalism grows. The UK Government also aims to ban the sale of new petrol and diesel vehicles by 2030 – a decade early than initially planned. But what do you need to know about insuring electric cars? Is insuring electric cars more expensive? Studies show that 23% of customers in Northern Ireland would strongly consider buying an electric car as their next purchase. The increasing popularity can contribute to reducing the cost of insuring electric cars. Traditionally, electric cars have been more expensive to insure than petrol or diesel models because of the specialised nature of the repairs needed. But insurers now have more knowledge on the cost of repairs and there are an increasing number of mechanics qualified to work on electric cars. On top of that, electric cars are exempt from road tax and customers in Northern Ireland can charge their car for free at over 300 charging points across the country. These benefits can often offset higher insurance premiums. Check your policy when insuring electric cars It’s important to check that your policy contains everything you need to insure an electric car. The cheapest policy may not be the best. On top of standard insurance features like breakdown cover or roadside assistance, you will also need battery cover when insuring electric cars. This may be especially important if you lease your battery separately (more on that later). The battery is the key component of an electric car and can be very expensive to repair or replace. You should also consider cover for your charging cables in case they get lost, stolen or damaged while you’re on the road. And legal liability may be needed if, for example, you usually charge your car on a street where the cable could be a trip hazard. Whatever your circumstances, it’s important to check with your insurance provider that you’re getting the level of cover you need when insuring electric cars. Are you leasing your battery? Some manufacturers allow you to purchase the car but lease the battery as a monthly payment. They may require the battery to be insured. It’s vital that you tell your insurer if you lease the battery because you both need to understand any stipulations from the manufacturer. Check for perks when insuring electric cars Some insurers offer perks for drivers insuring electric cars. This could be a discount on your premium or a donation to an environmental charity on your behalf. These benefits might not be immediately apparent when you’re looking for quotes so it’s worth speaking to an insurance broker like AbbeyAutoline when buying. How can you bring the cost of your premium down when insuring electric cars? Similar to policies for petrol and diesel cars, there are a number of ways to bring down your premium when insuring electric cars: Reduce your annual milage. This is especially relevant in the current COVID climate when people are working from home and spending less time on the road. Increase your excess. If you’re able to pay more excess in the event of a claim, this will reduce the cost of the policy. Consider installing black box. A telematics device monitors your driving behaviour and good behaviour can lead to lower premiums. Use a dashcam. These can provide crucial evidence if you’re in an accident and insurers can offer lower premiums to dashcam users. Pay up front if possible. It’s usually cheaper to pay for your premium up front because monthly payments often include interest. It’s important to shop around for the best deal when insuring electric cars. As your trusted local insurance broker, AbbeyAutoline can help you find specialised deals. Call us on 08000 66 55 44 or get a quote online today. Was this article helpful? Yes, love it! Eh, not really Related articles What is Young Driver Insurance and why can it be so expensive? So you have done the difficult part in passing your driving test and securing a full driving licence. You even have a car or are sharing a car and are eager to get on the road. But before you can do that, you’ll need young driver insurance. Driving 3 min read Professional Indemnity vs Directors and Officers Insurance So you have researched the business insurance your company needs to minimise risk and protect your employees from potential legal claims. You may have come across both Professional Indemnity Insurance and Directors and Officers Insurance. Living 4 min read AbbeyAutoline MD shortlisted for prestigious industry awards Julie Gibbons pays tribute to staff after a momentous year for the business Living 3 min read Home / Knowledge Hub / Driving / Everything you need to know about insuring electric cars Need to speak with us? 08000 66 55 44 PRODUCTS Car Insurance GAP Insurance Home Insurance Travel Insurance Business Insurance Farm Insurance Van Insurance Motorcycle Insurance Taxi Insurance COMPANY Privacy Policy Cookie Policy Social Media Policy Careers Terms of Business Advertising Claims SUPPORT Contact Us Branches Claims Sitemap ©AbbeyAutoline. AbbeyAutoline is a trading name of Abbey Insurance Brokers Limited who are authorised and regulated by the Financial Conduct Authority – 434752. Registered in Northern Ireland (NI053754) 10 Governors Place, Carrickfergus, Co.Antrim, BT38 7BN.