For an electric vehicle: check that the battery and the charging station are well covered, opt for the comprehensive policy for peace of mind, and adapt the insurance to your use and model.
With the rise of electric vehicles, drivers now need to think beyond traditional insurance coverage: the battery, charging infrastructure, and home charging stations all change the insurance landscape. Understanding these specifics and adapting your policy is essential for peace of mind on the road. This article explains what to check, how to adjust your coverage, and why KT Assur&Bank is a comprehensive partner for EV drivers.
Specific features of an electric vehicle to consider for insurance purposes
The battery: a very expensive component to replace, its coverage is often conditional upon the "all-risk damage" warranty.
- The charging station at home or at work: an electrical equipment that can be insured in your home insurance contract, but which also has implications for the car.
- The cost and value of the vehicle: an EV can cost more, which impacts the insurance premium.
- Usage, journeys, charging: an EV can generate new risks (battery failure, specific towing, etc.).
What guarantees should you request for your electric vehicle?
Mandatory civil liability insurance
As with all motorized land vehicles, "civil liability" insurance is mandatory.
Comprehensive damage guarantee
For a new or valuable EV, this warranty covers the battery, electrical components, or in the event of an at-fault accident.
Battery warranty and specific equipment
– Make sure that the battery is explicitly included in the contract in case of a claim (accident, fire, theft).
– Charging cable, home charging station: if they are not covered by car insurance, check your home insurance policy or a dedicated option.
Specialized "0 km" assistance or battery failure
In case of battery failure or inability to recharge, appropriate assistance is a plus.
Accessory warranties and value preservation
For a recent EV, also check: loss of use, replacement vehicle (electric if possible), new value, theft coverage with battery.
Pricing and regulatory changes to monitor
- The cost of insurance for an EV may be slightly higher due to the value of the vehicle and specific components.
- In France, the exemption from the special tax on insurance contracts (TSCA) for EVs could be reduced or modified, which could increase premiums.
5 tips to properly tailor your EV insurance
- Compare "EV" plans rather than taking standard ones: some insurance companies offer specific battery or charging station options.
- Check the battery : is it included in the claim? What is the deductible amount?
- Declare the charging station : if you have a wallbox at home, inform your insurer so that it is covered.
- Choose the right assistance : in case of battery failure, towing to a charging station or ideally an electric replacement vehicle.
- Anticipate the value and use of your EV : if you have a high-end or rare model, opt for a comprehensive policy with battery and accessory coverage.
5. Why choose KT Assur&Bank?
- Automotive expertise: since 2016, specialist in automotive solutions & innovations.
- Personalized support: analysis of your electric vehicle, your usage, equipment (charging station, battery) to adapt your contract.
- Price transparency: you pay for the coverage you actually need, without over-insuring.
- Comprehensive and multi-product service: auto, home, temporary insurance, etc., centralized for your convenience.
Conclusion
Owning an electric vehicle is both an environmentally friendly choice and a new responsibility in terms of insurance. Battery, charging station, different usage: these are all factors to consider carefully. By choosing the right coverage and using KT Assur&Bank, you can drive with peace of mind.