What you’ll pay to insure your electric car depends on your insurer. Most plans cover, at minimum, issues with the battery, damage, fire and theft, as well as issues with the charger and cable, and liability costs if you cause an accident. Breakdown cover is also included by some insurance companies.
Lots of firms will also cover over-the-air (OTA) updates for your electric car. In a similar way to your smartphone or computer updating itself while you sleep, some electric car manufacturers send the latest software updates to your car wirelessly. These can sometimes increase the power and performance, or generally change aspects of the car, which could invalidate regular insurance policies.
You should check that over-the-air software updates are included in your insurance package to ensure that any changes don’t invalidate your cover.
As more firms offer specialist electric-car cover, premium prices are likely to drop. Although the cost has been falling each year, electric cars still tend to be a bit more expensive to insure than petrol or diesel cars.
Make sure you don’t auto-renew your insurance, because you may well find a less expensive option if you shop around before your current policy ends.