Car insurance and electric cars : Any peculiarities?

Let’s go back a few years… Electric cars were almost the stuff of science fiction. Today, they are becoming increasingly common on the roads, and the industry is experiencing rapid growth! Every car manufacturer now offers a hybrid or 100% electric model.

Do you have one? Whether for its environmental benefits or government rebates, this eco-friendly purchase has many advantages!

Does an electric vehicle need to be insured to drive on the road? Of course! But does auto insurance differ from that of a gas-powered car? Whether you own a green vehicle or are thinking of purchasing one, learn more about insurance for hybrid and electric cars now!

Electric car insurance vs. gasoline car insurance: what are the differences?

Gas, hybrid, electric… It doesn’t matter! The type of energy used to power your vehicle does not affect your coverage. In other words, your auto insurer will insure your electric vehicle in the same way as a car with a combustion engine.

Premiums for electric or hybrid car insurance?

Yes! Some insurers support the development of electric cars and offer more attractive rates… Discounts! So, is electric car insurance more or less expensive? Less expensive! Owners of green vehicles can benefit from reduced prices depending on the model and brand of the car.

So, if you own an electric or plug-in hybrid vehicle, check with your current broker to take advantage of the benefits.

What affects the price of your auto insurance policy?

We often talk about the driver’s age and gender to explain the price of an insurance premium. But what influences the price of your hybrid or electric vehicle insurance? In addition to the make and model of your vehicle, certain factors come into play:

1. Your estimated annual mileage and your trips;
2. Your driving record and personal profile;
3. The chosen franchise;
4. The amount and type of protection.

That’s where AMR comes in, promising you the best insurance policy for your needs!

Choosing an insurer: opt for an expert

How to choose the right auto insurer? Make sure they understand the realities of green vehicles!

A little anecdote:

Recently, one of our clients who owns a Tesla had to file a claim with his insurer. Unfortunately, the insurer was not very knowledgeable about Tesla vehicles. As a resident of Sherbrooke, he was unable to have his vehicle repaired there, as Tesla required him to go to an authorized body shop in Montreal. Obviously, having his vehicle towed between the two cities would have incurred enormous additional costs, and his insurance company refused to compensate him for them.

At Assurances Multi-Risques, our brokers have your best interests at heart and strive to defend them to the utmost. Thanks to our intervention, the insurer understood the absurdity of its policy and finally agreed to compensate the customer for the towing of his vehicle.

This misunderstanding even prompted the insurer to deepen its knowledge in this area. The goal? To modernize its customer service and better serve its policyholders when future claims involving electric cars are filed.

The right electric car insurance for an even more eco-friendly choice

Opting for an electric vehicle is certainly an eco-friendly choice that saves energy resources. But to make this purchase even greener, it must also be sustainable over time.

How can you get the most out of your investment? With proper maintenance and the right hybrid or electric vehicle insurance coverage! So why not take the time to fully understand your auto insurance so you can make an informed choice about your insurer?

To get the quality service you deserve, AMR recommends contacting an independent insurance broker who is knowledgeable about electric vehicles. That way, in addition to saving on gas, you’ll save on coverage that lets you drive with confidence… Unless you forget to recharge your batteries!