Car insurance for Electric cars

There are many different benefits of having an electric car in the UAE. The demand for electric cars is increasing day by day because of their economic benefits and environmental-friendly features. The demand for stylish and comfortable vehicles is always popular and electric cars provide all that customer needs. 

These cars are cost-effective and save money on fuel for the customers. With all these benefits customer demand for electric cars is increasing. Having insurance for cars is mandatory in the UAE. Here in this article, we discuss car insurance for electric cars. 

Car Insurance for Electric cars

Insurance is required for electric cars the same way as it is required for conventional cars in the UAE. For electric cars third-party liability insurance is mandatory similar to other cars. Apart from the regular car insurance, optional car insurance like natural disaster cover, breakdown coverage, personal effects coverage and other coverage are also provided by the insurance company. 

Car insurance for electric cars in the Middle East is a new concept that has become more popular in recent decades. There are many insurance companies that are offering insurance policies for electric cars and they are ready to provide comprehensive insurance policies for e-cars. Comprehensive car insurance is one of the best types of car insurance policy for electric cars as it provides more protection. 

Conventional Car insurance vs Electric Car Insurance

There is not much difference between electric car insurance and conventional car insurance. The insurance company will provide a similar kind of coverage for the cars. Car insurance provides protection to the owner from third-party liabilities and also provides protection against accidents. 

The other process and coverage is the same but there is only a difference in the insurance price. Insurance coverage and premium plans are higher for electric cars compared to conventional cars. 

Is it mandatory to have insurance for Electric cars?

The answer is Yes, it is very much mandatory to have electric car insurance in the UAE. The rules which pertain to conventional cars are related and will apply to electric cars as well.. The electric car will be seized if there is no proper electric car insurance. Also, there will be a huge penalty and the license will be marked with black points. You need electric car insurance just not only as per law requirement but also to provide protection for your car.

How many types of Electric car insurance plans are available?

Third-Party Liability Insurance 

This insurance cover will only provide protection to cover third-party liabilities which happen due to the accidents. If the policyholder is at fault then this insurance will come into effect. 

Comprehensive Insurance

Comprehensive electric car insurance will provide protection for cars which is for both the owners and the third party. In an accident, third-party coverage will be provided if you are at fault. 

If there are any collisions or accidents own damages provide coverage and protection to the car owner. 

Minimum third-party coverage is mandatory for electric cars or any conventional cars but if you need more protection then you can go for comprehensive coverage. 

The major concern of electric car owners is if battery failure is covered in the insurance or not. Most insurance companies will provide coverage if the battery is damaged due to the accident. Replacement of battery is covered in the coverage but it depends on the insurance provider and varies from company to company. 

What are the inclusions for electric car insurance?

• Damages/injuries caused to third parties
• Physical injury sustained by car owner
• Fire accidental damages and natural disaster damages are covered
• Human disasters like theft/riots/vandalism and others are covered
• Battery damages may be included depending on insurers
• Engine cover
• No Claim bonus protection
• Other conventional car insurance inclusions

What are the exclusions for electric car insurance?

• Drunken driving
• Driving without license
• Negligent/reckless driving
• Any other exclusions as listed in the terms and conditions of the insurance policy

Click here How to get Tesla Car Insurance in UAE?

Buying electric car insurance in the UAE

Insurance can be purchased both online and offline. From the branch offices, brokers will guide you through the process. If you are buying through the online mode you can read the instructions and purchase. If you need any assistance you can call the insurance service provider and they will assist you. 

What documents are required to purchase Electric Car Insurance?

• The documents are similar to purchasing conventional car insurance and these are listed below.
• Documents of car registration
• Driving license
• Emirate ID
• GCC specification certificate

Among the Eco-friendly cars, electric vehicles are the most famous and stylish cars. The government of the UAE has taken many initiatives in recent times to reduce carbon emissions. To encourage the drivers the government has introduced major incentives to encourage electric cars. These benefits are as follows.

• The government has introduced a reduction in the RTA car registration & renewal fee. This is a great advantage for electric car purchasers; it will save a lot of money and time. 
• Free Salik Tag- Salik is Dubai’s auto toll collection method where vehicles travel on the Dubai highway. There is a total fee waiver for electric cars in the UAE.
• Free parking zones are offered to zero carbon emission vehicles.  
• Free e-car charging points where the car owners can have more than 100 DEWA public electric cars with charging stations. 

Conclusion

Electric cars are still new and their usage is not as much as conventional cars. There are fewer mechanics who specialize in electric cars. The spare parts are not very much available as in conventional cars. The repairs are high and expensive as there is a higher risk. Overall the cost of electric cars and their insurance is higher than conventional cars.