Your Electric Car Policy Needs These Three Essential Coverages

Looking to drive electric but worried about insurance surprises? You absolutely should be.

Navigating electric vehicle insurance presents challenges even experienced drivers don't anticipate. While most focus solely on premium costs (which can skyrocket beyond £5,000 annually regardless of age), three critical coverage areas demand your attention before purchase.

Your home charging equipment represents a substantial investment requiring explicit insurance protection. Whether included with your vehicle purchase or acquired separately, don't assume automatic coverage under existing policies. Damage can occur numerous ways - from children's games to accidental impacts - leaving you with significant replacement costs. Smart chargers and especially bidirectional models (allowing home powering during outages) demand comprehensive coverage through car insurance, home insurance, or dedicated policies. Installation considerations matter too; properties on loop electrical supplies require professional modification before charger installation, with potential implications for coverage.

Charging cables present another insurance blind spot. These essential accessories can cost hundreds of pounds and attract thieves looking for easy resale opportunities. Beyond theft protection, liability coverage becomes crucial when charging in public spaces where passersby might trip over cables. Many policies exclude coverage if reasonable safety precautions aren't taken - details overlooked by most dealers.

Perhaps most shocking is windscreen replacement. While traditional vehicles might cost £400 for replacement glass, electric equivalents reach £2,400 due to integrated technology requiring sophisticated calibration. Industry sources suggest insurers plan to move EV windscreen claims from dedicated glass coverage to general accident coverage - potentially triggering higher excesses and impacting no-claims discounts. Lease customers face additional complications when deciding between chip repair versus full replacement.

Electric vehicles do benefit from lower theft rates, with professional thieves avoiding them due to sophisticated security and dangerous high-voltage components. Surprisingly, street parking might yield lower premiums than garage parking, contradicting conventional wisdom.

Ready to understand what dealers won't tell you about electric car insurance? Subscribe now to ensure you're fully protected before making your EV purchase. Your wallet will thank you.

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Chapters

• 0:00 Introduction and Book Promotion
• 1:32 Insurance Policy Must-Haves for EVs
• 3:01 Home Charger Insurance Coverage
• 9:00 Cable Theft and Liability Protection
• 11:52 The Windscreen Replacement Issue
• 16:44 EV Theft Protection and Final Tips
• 19:17 Closing and Contact Information