Archive · 3 Oct 2026
EV Insurance: What Owners Should Know About Coverage and Costs
Electric cars need insurance, just like petrol and diesel cars.
Their insurance price depends on many things, including the car’s value, where it is registered and the driver’s claims history.
Some electric-car parts, especially the battery, can be expensive to repair.
Fixing them may also require special tools and trained workers.
Insurance can help with accidental damage if the policy covers it, but it may not pay for a battery that slowly gets weaker with age.
Owners should read the policy carefully and check which repair garages can work on electric cars.
They should also find out whether charging cables are covered.
A very cheap policy may leave out protections that matter.
EV premiums depend on several factors, including vehicle model and value, IDV, location, coverage and claims history—not just the vehicle’s power source.
Battery packs and other specialised EV components can be costly to repair, and repairs may require trained technicians and specialised equipment.
Third-party insurance requirements apply to EVs as they do to petrol and diesel cars; owners can add own-damage cover or choose comprehensive insurance.
Accidental battery damage may be covered under policy terms, while gradual battery ageing or reduced capacity may not count as an insured loss.
Buyers should check battery exclusions, charging-equipment coverage, deductibles, add-ons and the availability of EV-equipped repair garages.
- Who
- People buying or owning electric vehicles, and insurers offering motor insurance.
- What
- Guidance on EV insurance costs, coverage, exclusions and repair considerations.
- Why
- EV batteries and specialised electrical components can be costly to repair, so owners need to understand policy terms and available repair facilities.
- Required cover
- EV owners are required to have third-party motor insurance.
- Additional cover
- Owners can buy own-damage cover alongside third-party cover or choose a comprehensive policy.
- Premium factors
- Factors include model and vehicle value, Insured Declared Value (IDV), registration location, coverage and claims history.
- Battery damage
- Accidental damage may be covered depending on policy terms and conditions.
- Battery ageing
- Gradual capacity loss may not be an insured loss and may instead be subject to the manufacturer's warranty.
- Repair facilities
- Some EV repairs require trained technicians, specialised equipment and suitable repair facilities.
- Other equipment
- Owners should check whether charging cables and other charging-related equipment are covered.