Insurance for EV's
Discussion
What are your experiences of insuring your EV's? Please post your vehicle make, model, area and price if possible, so we can see a range. I'm interested to see how much risk the insurance companies associate with EV's. I'm wondering if being slower poses a higher risk than more powerful internal combustion engines 
BMW have been pushing the low insurance message for the i3 as, presumably, the CFRP construction might lead people to assume that the insurance is going to be more expensive.
http://green.autoblog.com/2013/12/11/bmw-i3-ev-low...
I've rung around for a couple of quotes and from a first glance it seems it's nothing to be concerned about (Admiral quoted £428).
http://green.autoblog.com/2013/12/11/bmw-i3-ev-low...
I've rung around for a couple of quotes and from a first glance it seems it's nothing to be concerned about (Admiral quoted £428).
Now I consider that reasonable, especially as the base price for the vehicle is around £25k.
Meanwhile on the Twizy I'm still getting a quote of over a grand but now from a specialist EV insurer. I understand that going direct to Renault maybe the way forward but even so the specialist is still quite ridiculous. When I asked the broker why he said that out of 168 insurers the others would not quote. Apparent reason? EV claims in London. If anyone else is getting unreasonable quotes please fire them here.
Meanwhile on the Twizy I'm still getting a quote of over a grand but now from a specialist EV insurer. I understand that going direct to Renault maybe the way forward but even so the specialist is still quite ridiculous. When I asked the broker why he said that out of 168 insurers the others would not quote. Apparent reason? EV claims in London. If anyone else is getting unreasonable quotes please fire them here.
What I am seeing here is looks as though BMW have already had discussions with the insurance companies whereas Renault have not!
I could understand maybe 10% more for a new type of vehicle but these quotes are madness. I'm going to have a word with a Renault dealer and see what deals (if any) they can offer against a new model.
Those prices are enough to put you off going EV
I could understand maybe 10% more for a new type of vehicle but these quotes are madness. I'm going to have a word with a Renault dealer and see what deals (if any) they can offer against a new model.
Those prices are enough to put you off going EV
That bike fits my need! I've a Kawasaki ZZR1400 which is too nice for commuting in the summer weather. The condition of the insurance is that the bike must be garaged so I have built a bespoke garage for it.
I'm paying £350 FC for the ZZR. I think £150 is very reasonable given that it must be an unknown quantity to the insurer.
There doesn't seem to be much around at that price point for electric bikes, they are all £10k plus for anything bigger and I cannot see the need for the commute. Thanks for the info
I'm paying £350 FC for the ZZR. I think £150 is very reasonable given that it must be an unknown quantity to the insurer.
There doesn't seem to be much around at that price point for electric bikes, they are all £10k plus for anything bigger and I cannot see the need for the commute. Thanks for the info
Back in 2011 when I first tried insuring a Tesla Roadster, I spoke to a couple of the online insurers and asked up front if they cover EV's and it was “yes, yes we definitely cover electric vehicles sir” followed by 30 minutes of interrogation, which eventually gets to the point where the dopey call centre operative asks “what engine size is it” .. and because they can’t enter 0.00cc and had no other "electric" tick box options on their system the call abruptly halted 
Eventually I found two underwriters prepared to make a quote, Zurich and someone else that I can’t remember. One was £1,200, the other was £2,700 with caveats.
At renewal recently I found that dozens of the big online insurers now cover EV’s, and its now insured with Admiral for just £410 on a "multicar" policy.
(full business and SDP use, garaged, one sp30, £500 excess, full comp etc)
Eventually I found two underwriters prepared to make a quote, Zurich and someone else that I can’t remember. One was £1,200, the other was £2,700 with caveats.
At renewal recently I found that dozens of the big online insurers now cover EV’s, and its now insured with Admiral for just £410 on a "multicar" policy.
(full business and SDP use, garaged, one sp30, £500 excess, full comp etc)
Edited by Carparticus on Monday 23 December 17:41
you're doomed!adamfawsitt said:
Model S P85 (cost £80,600 after rebate) £430.
Seems good value. Who with ?!? .. and I wonder what they would quote for car of comparable initial value / performance like an M5 ..
Has anyone got any horror stories about what its like to be insured by, say, Admiral, with an £80k car that then has a £20k accident repair bill and they insist on only their approved repairers doing the work.
Also, has anyone ever used Admirals legal services to pursue a claim for diminution in value etc ??
The quote was from Admiral.
I have some heavy metal insured with them, never claimed big but theft of Fiat 500 Essesse value about £16k was paid out with no issues after some haggling on value which I think you get with any company.
Not used the legal services but did interact with them over a matter too protracted for this post and lets just say that I got the impression they were very low horsepower!
I have some heavy metal insured with them, never claimed big but theft of Fiat 500 Essesse value about £16k was paid out with no issues after some haggling on value which I think you get with any company.
Not used the legal services but did interact with them over a matter too protracted for this post and lets just say that I got the impression they were very low horsepower!
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