The Alternative Remedies Guide

Buying cheap car insurance for electric cars is very different from buying insurance for the standard gas powered car. As with all policies however, it is important that you have the right policy. The wrong can lead to financial damage and serious consequences.

First up, not all insurance companies are ready to sell policies for electric cars.(EV’s). Some companies offer policies for EV’s, but only when insured as second cars. You can expect that most policies for EV’s are cheaper then policies for conventional cars.
In some countries, including Canada, electric Low Speed Vehicle (LSVs) are not required to meet the same safety standards such as having air bags and anchored seatbelts as regular vehicles. Yet in Vancouver, the insurance for LSV cars is level with that of conventional cars.

Whilst EV’s are still considerably rare, companies give discounts on electric car owners, who are still perceived as solid and dependable.
Amongst the standard criteria to asses the price of the policy is also the cost of repair in case of an accident is an important argument taken into account by insurance companies. This cost is likely to decrease when EVs are sold, maintained, and repaired by millions whcih we expect will happen rather sooner then later.