Who Needs Electric Auto Insurance?
Excuse us, but you do. Don't take our word for it, but allow us to show you exactly why you should take out a policy on your electric car, and what can happen if you don't. The chief reason is that because electric cars are environment-friendly, most insurance companies offer a discount on the premium that you pay. And since an electric car owner conveys a solid, dependable image to insurance companies, they know that they are less likely to have to settle car accident claims, which means a saving for them.
As you can see, therefore, buying electric car insurance is very different from buying insurance for a regular car. However, before you buy electric car insurance, you should be aware of the basics, which will help you seal the best deal. Don't be fooled by the fine print into giving up a discount that was legitimately yours. The wrong kind of insurance policy can have serious consequences, sometimes leading to irreparable financial damage.
For example, if you are driving and become involved in an accident in which a third party is physically injured, and if it is established that the accident was your fault, the consequences are likely to be grave. Since most insurance companies place a limit on the amount that they pay out to a third party, an increase in this limit means you pay a much higher premium to obtain coverage. So it is advisable to opt for lower deductibles even if that means a slightly higher premium, because in the event of an accident, you can rest easy in the knowledge that you will be adequately covered.
However, we have no wish to be doomsayers, so let's look at the bright side of things. When you buy electric car insurance, you will not only be paying a lower premium than usual owing to the nature of the car, but also owing to the fact that your driving record is likely to be clean and the chance of accidents low.
But you need to be smart and choose the right electric car insurance company. The Internet is a good place for research on various auto insurance companies and their quotes, because you have all the information you want at your disposal. All reputable car insurance companies offer their services online, so you ought to have no trouble locating an insurer of your choice. However, make sure you know exactly what your policy will offer you, and make sure the insurers deliver on their promise.
Additionally, you must be convinced that the car insurance company you are eyeing is financially solvent and has both the reputation and the ability to settle claims on time without creating unnecessary hurdles.
With these precautions, you can't go wrong with a policy for your electric car. Just don't say, "I don't need electric car insurance"!
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Read more: http://www.netquote.com/auto-insurance/understand/electric-car-insurance.aspx#ixzz0pW6O6MKk
Via: Auto Insurance
