Electric Vehicle Insurance

Specialized coverage for EVs including battery protection.

Typical cost: $1,500 – $3,500 per year

Electric Vehicle Insurance

Electric vehicle (EV) insurance covers Teslas, Rivians, electric versions of traditional models, and plug-in hybrids. EVs have unique characteristics that affect insurance: expensive battery systems, specialized repair requirements, and different risk profiles.

Higher Repair Costs

EV repairs often cost more due to expensive battery systems, specialized parts, limited repair facilities, and the need for certified EV technicians. These factors typically result in higher comprehensive and collision premiums compared to similar gas-powered vehicles.

EV-Specific Considerations

Battery coverage is important—replacement batteries can cost $10,000-$20,000+. Some policies include charging equipment coverage. Autopilot and self-driving features create unique liability questions that insurers are still navigating.

What's covered

Liability Coverage

Covers damage and injuries you cause, standard for all vehicles.

Collision Coverage

Pays to repair your EV after accidents, including battery damage.

Comprehensive Coverage

Protects against theft, fire, weather, and battery-related issues.

Battery Coverage

Ensures expensive battery systems are covered at replacement cost.

Charging Equipment

Covers home charging stations and portable charging equipment.

Tips

  • Compare EV-specific insurers who understand electric vehicles
  • Ensure battery is covered at replacement cost
  • Ask about charging equipment coverage for home stations
  • Consider gap insurance given rapid EV depreciation
  • Look for insurers partnering with EV-certified repair shops

Other auto insurance types

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