do you need to take out specific insurance?

The electric car is an automobile almost like any other. It must be insured like thermal vehicles and, as such, you have the choice between third-party, extended third-party or all-risk insurance.

There is no specific standard contract. However, in the event of the purchase of a new vehicle, all-risk guarantees are best suited due to the value of the vehicle and its battery as well as the specifics of its repairs. Insurers have therefore supplemented the classic “all risks” with additional guarantees.

With some insurers, stolen cables and adapters can be reimbursed at replacement value.  Volvo picture

With some insurers, stolen cables and adapters can be reimbursed at replacement value. Volvo picture

Zero kilometer assistance

To avoid being immobilized in the event of a battery failure, it is advisable to take out zero kilometer breakdown assistance in your electric vehicle insurance contract.

You can thus benefit from the towing of your car to a charging station, with no mileage deductible. A repairman can also come to your home to repair an electrical fault on your electric car as part of this assistance, at no additional cost.

It is important to carefully read the insurance proposal;  often, additional guarantees are reserved for premium formulas, in particular towing covered.  Photo Renault

It is important to carefully read the insurance proposal; often, additional guarantees are reserved for premium formulas, in particular towing covered. Photo Renault

Ensure your battery

The battery is an essential part of the car to be able to move. How to insure the battery of your electric car? It depends on how you purchased your car: purchase with battery included or purchase with battery rental.

In the latter case, the battery belongs to the manufacturer, who may include insurance in the rental agreement. So, before taking out insurance, remember to check if your battery is covered by your contract.

Exemption from the special tax on insurance agreements only concerns 100% electric vehicles;  hybrids and plug-in hybrids are subject to it.  Photo Peugeot / Stellantis

Exemption from the special tax on insurance agreements only concerns 100% electric vehicles; hybrids and plug-in hybrids are subject to it. Photo Peugeot / Stellantis

Secure your charging station

You benefit from an individual garage or your car is parked in the basement of your house and you have had a wallbox installed. Your vehicle’s charging station may present a risk, including an electrical fire hazard.

Is it covered by insurance? Yes, through your MRH (Multi-risk home) insurance.

However, you must declare the presence of the terminal to the insurer. It is also necessary to check that the installation is compliant and does not risk disturbing the balance of your basic electrical installation.

TSCA exemption

The special tax on insurance contracts was introduced in 1944 to replace the various stamp duties relating to insurance contracts. Since January 2021, the Government has chosen to encourage the purchase of cleaner vehicles, including electric cars, by abolishing this tax.

A measure that should last until 2023. Thanks to this exemption, you can save up to 25% per year on your insurance premium. This makes your contract more economical.

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