Is Tesla insurance cheaper than regular insurance?

Electric car insurance: costs and special features

➤ The right electric car insurance
➤ Which services are important?
➤ Make sure to also insure the battery
➤ What are the benefits of all-risk coverage?
➤ Protection against the high costs of being towed
➤ Used car insurance for e-cars
➤ This is how the insurance amount is calculated
➤ Save on the e-car policy

The battery of an electric car makes up around a third of the vehicle's value. Damage to the battery quickly results in costs of 10,000 to 15,000 euros. More and more insurance companies have adjusted their tariffs accordingly and offer special services for e-cars. But the offers are often not easy to understand. AUTO BILD explains what to look for when it comes to car insurance for electric cars and how high the costs are.

Do I need special vehicle insurance for an e-car?

Incorrect charging can damage the battery. The insurance should cover the costs.

© DPA

Basically not. For liability insurance, it is irrelevant which drive the car has, since it does not cover damage to your own vehicle anyway. And comprehensive insurance applies to an electric car in the same way as it does to a petrol or diesel. With comprehensive insurance, it is still worth taking a closer look: Certain insurance benefits that are important for an e-car can be included in the normal tariff or offered as an additional service. Some services are only offered as part of a supplementary electrical module. Overall, the offers of the car insurers are very different, which does not make the comparison easier.

What services should the insurance for the e-car include?

Especially with Short circuit damage and Consequential damage from marten bites Many insurances have improved with regard to higher damage amounts for hybrid and electric cars. The comparison portal Verivox has evaluated around 340 insurance tariffs under this aspect. "179 tariffs now pay a maximum of 10,000 euros or more for consequential damage caused by marten bites, and 141 tariffs for short-circuit damage," says Wolfgang Schütz from Verivox. Just a few years ago, such damage often ended at 5000 euros. Now some tariffs even offer maximum amounts of 20,000 euros. Good insurance should also Overvoltage damage from lightning strike co-insure. Also Charging stations (wall boxes) and charging cables are with many offers Insured against theft and damage. In the end, it does not matter whether the individual services are included in the normal comprehensive insurance or are offered as additional modules. The bottom line is that the total costs are decisive.

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Wallbox + green electricity in the AUTO BILD edition

Is the e-car battery generally also insured?

The comprehensive insurance should always also include the vehicle's battery. This is the case with almost all providers - there are very few exceptions. There it may be that the battery is only insured as part of an additional module. Apart from these exceptions, damage caused by fire, theft, short circuits, marten bites, storms and floods are covered by partial comprehensive insurance. The fully comprehensive insurance also covers damage caused by vandalism and self-inflicted accident damage (to your own car). But be careful: As mentioned above, there can be significant differences in the amounts insured for individual comprehensive insurance coverage (e.g. short-circuit damage, marten bites) depending on the provider.

What does an all-risk cover do for the battery?

Some insurance companies offer it as an additional component, a so-called all-risk cover for damage to the battery at. The batteries are covered by fully comprehensive insurance against all risks, unless they are excluded in advance. As a rule, construction errors, chemical reactions and wear and tear are excluded - as is the deteriorating performance of the battery over time. In the event of such damage, however, the manufacturer's guarantee sometimes applies. However, damage caused by, for example, is insured incorrect operation. One possible damage scenario for electric cars could be deep discharge, which permanently damages the battery. But there are also providers who emphasize that, thanks to the battery management system, no operating errors are possible. "All-risk covers are ideal for customers with increased security needs," explains Wolfgang Schütz. "But the important risks can also be hedged without this component." The positive result of the Verivox analysis: Even among the cheapest tariffs on the market, many already include all-risk cover or offer it for a manageable surcharge. You don't have to pay more than 20 to 40 euros.

Attention, towing costs!

E-car owners are not always cheaper when it comes to insurance than cars with internal combustion engines.

© Thomas Ruddies

Transporting an e-car away is much more difficult with an electric vehicle than with other cars. The reason: In electric cars, electricity is generated via the drive axle. Improper towing can lead to short circuits. In the worst case, the battery will be damaged or a fire will occur. Anyone who wants to have towing costs covered in the event of a breakdown usually has to have one Book a cover letter.

Is there a used car insurance for e-cars?

Used car insurances (also known as used car warranties) cover repair costs for vehicles bought second-hand. Which components or assemblies are insured is precisely specified in the contract. Insurance coverage can include, for example, the engine, transmission and electrical system. There is currently no used car insurance that covers the battery of an e-car. It can be assumed, however, that the providers of used vehicle guarantees will soon be launching corresponding products on the market.

How is the price for the electric car insurance calculated?

In general, various factors are included in the amount of the contribution, including:
• Type class and regional class
• No claims class
• Annual mileage
• The amount of the deductible
• Circle of drivers
• Age of the driver
• Job
• Vehicle age
• Value of the car

In principle, the insurance premium for an e-car does not have to be more expensive than for a combustion engine. In some cases, e-cars are even cheaper to insure - even if the tariff contains additional modules such as all-risk coverage. This is primarily related to the type class classification: If the drivers of a model cause little damage, the classification is low and the insurance is cheap. Electric cars generally come off quite well here - compared to similarly motorized petrol engines.

Save on electric car insurance

Electric car drivers benefit in many ways - grants to buy, tax exemptions and free parking. Some insurance companies also promise discounts for e-cars. Insurance expert Schütz advises: "A discount does not help much if the insurer is generally too expensive. Therefore, the benefits should be right first. Then motorists should look for the cheapest offer in a premium comparison."