There are many good reasons to buy an electric vehicle. EVs are easier to maintain, have lower fueling costs, and are better for the environment. Before purchasing one, it is important to understand how auto insurance protects these vehicles so you are not responsible for large bills if an accident or charging mishap occurs.
What About EV Charging Mishaps?
Auto insurance can cover problems that occur at a public charging station, depending on the type of coverage you carry. If your vehicle catches fire while charging, this is typically covered under a comprehensive auto insurance policy. If you accidentally hit and damage a charging station, property damage liability coverage would apply. Liability insurance also provides protection if someone is injured while you are backing into or pulling out of the charging area.
If you have an EV charger installed at home, certain mishaps fall under your homeowners’ insurance. Injuries to guests or neighbors caused by your charging setup are usually covered under homeowners’ liability insurance. Damage to the charger from events such as fire or lightning is often covered under your property insurance. Keep in mind that the charger must be listed on your policy to qualify for coverage.
Standard auto and home insurance policies do not cover damage to an EV battery that occurs while the vehicle is charging. They also do not cover towing costs if the battery dies and the vehicle needs to be taken to a repair shop. You may need specialized EV coverage or endorsements to insure these risks.
Call Schneider Insurance Agency in Gahanna for More Information
Schneider Insurance Agency has offices in Newark and Gahanna, OH. Our team can help EV owners choose auto insurance that provides the right level of protection. Contact us to learn more about available policies or to request an insurance quote.
