While there are many good reasons to buy an electric vehicle, Hershey, PA drivers will want to bear in mind that EV auto insurance isn’t the same as a regular auto insurance policy. Understanding the differences between the two types of coverage can help you make informed decisions as you buy a new vehicle and get it insured.

Coverage Differences

Basic auto insurance for an EV or gas-powered car will provide liability and property damage coverage. Comprehensive coverage for either type of vehicle will cover theft and some forms of damage from natural disasters. However, there are some specialty coverage options available to EV owners that don’t apply to gas-powered vehicles.

EV owners can purchase car battery insurance that will cover the cost of replacing the vehicle’s battery. This is important because replacement EV batteries typically cost between $5,000 and $20,000. Furthermore, because it can take longer to repair an EV than a regular car, insurers may offer rental reimbursement coverage for EV owners who need to rent a vehicle while an EV is in the repair shop.

Cost

Generally speaking, it’s usually more expensive to purchase EV insurance than a regular auto insurance policy because EVs are typically more expensive and cost more to repair than regular vehicles. On the other hand, some insurance agencies offer special discounts for EV vehicle owners. What’s more, some EV models qualify for discounts if they have certain safety and/or anti-theft features. Talk with your insurer about your options to see which one best meets your needs.

Contact Options Insurance Agency for More Information

Options Insurance Agency specializes in helping Hershey, PA vehicle owners find great auto insurance policies at the best possible price. Call us at your convenience to find out more about policy options and to request price quotes.