Electric vehicle insurance. Is it really cheaper?

Alors that sales of electric vehicles in France continues to grow (according to There is France), car insurers are gradually starting to offer adapted contracts to these new cars. Indeed, companies are trying to create coverage that meets the real needs of EV drivers.

But what is the cheapest car insurance? And why ?

Differences between electric car insurance and diesel locomotive car insurance

In addition to the difference in the cost of buying an electric or thermal car (new or used), the maintenance of such a car will be distinguished by a positive point. Indeed, electric vehicles have six times fewer moving mechanical parts than the traditional thermal model and only 60% fewer components. They are located less prone to wear than heat devices. These two criteria are the main reasons for lower maintenance costs. 

Some auto insurance guarantees will also differ depending on the type of vehicle you have. Indeed, as we pointed out in our article by choosing auto insurance for electric vehicleit is important to choose additional guarantees. They can then protect you from the risks associated with your vehicle's charging equipment, battery problems (if the rental agreement does not include insurance), etc.

Except for these guarantees, auto insurance for electric and thermal imaging vehicles are similar. They offer the same guarantees (civil liability, glass breakage, theft, fire, etc.). Therefore, it is normal to wonder about the price difference between the two contracts. So which is the cheapest and why?

What is the really cheapest car insurance?

Despite the striking similarities between these auto insurance contracts, it is not uncommon for cheaper electric car insurance than a similar thermal model. For example the comparator Minute carwhich guarantees to find the best car insurance at the best price, estimates the annual premium at an average of € 249,61 for the Renault Zoé, compared to € 289,02 for the Renault Clio (diesel) of the same generation. This difference between insurance premiums can be up to 50%, according to insurers.the insurance premium for electric vehicles is always the lowest. But why is there such a difference?

Reducing claims for electric vehicles

Electric vehicles are very often used for rather short trips due to their limited mileage (several hundred kilometers). Likewise, electric vehicle drivers often drive slower than combustion vehicle owners. This allows them, in particular, to save battery. 

Insurance companies take these features into account when calculating rates. Really, shorter trips as well as reduced speed significantly reduce the risk of accidents... In addition, due to short journeys and lower speeds, serious accidents are even less common. Thus, it will be reflected in the prices of electric vehicle insurance, which will also decrease. 

Insurers also consider other criteria when calculating premiums for auto insurance. This could be, for example:

• driving experience: a young driver will pay more due to the additional bonus.
• the number of kilometers traveled per year. The greater the distance traveled, the higher the risk of an accident.
• and so on

Again, more than just saying that EVs are cheaper in terms of insurance. A young driver usually cannot afford an electric model. Thus, other drivers can take out insurance at no additional premium and take advantage of their bonus. In addition, electric vehicles very often cover shorter distances than diesel locomotives. This is due to the lower autonomy of the latter.

Award for clean car owners.

Some insurers also offer financial benefits (discounts, gift certificates, etc.). These benefits are intended for drivers of the so-called clean car. These are cars with CO2 emissions of less than 120 g / km. Thus, eco-friendly car drivers can get an attractive discount over thermal drivers.

Take the plunge and choose an electric car, so this opportunity to make interesting savings for your car insurance but also on your maintenance costs... What to allow yourself to be seduced and go through with what? Avtotachki easy to find your electric car.

To find out more about electric vehicle insurance, read our article “How to properly insure an electric vehicle”.