Car insurance confusion: Normal policies are often not enough for electric cars

Confusion about car insurance
Normal policies are often not enough for electric cars

More and more electric cars are circulating on the streets. In addition to statutory motor vehicle liability insurance, many want to protect expensive vehicles with comprehensive insurance; this can be done with special rates.

If you want to insure your electric car with comprehensive insurance, you should carefully check whether the policy sufficiently covers the special components of an electric car. Simple basic rates are not enough. Because with electric cars, according to the “Finanztest”, completely new damage can occur. If, for example, the unit’s battery breaks due to an animal bite, power surge or malfunction, several thousand euros are quickly owed. If coverage isn’t enough, it can quickly become uncomfortable.

More and more insurers are including these specific damages to electric cars, and there are not always additional fees. Some providers include special services in the conventional rates. In some cases, important services are only included in the most expensive policies. Other providers have modules that can be reserved for electric cars. And some grant discounts of up to 25 percent on the respective rate if an e-car is insured.

However, there are some of the relevant components only in comprehensive insurance, which experts recommend anyway for new electric cars due to their high value. The following important components should always be included:

battery damage

For a certain period of time, the battery must also be insurable up to its new value. Some even offer protection indefinitely, but most have to accept redemption value deductions every year after the end of a term.

The structure is also different: some only refund the price of the new battery if the whole car was damaged. Others too, if only the battery was damaged. It is important to look closely and ask questions when in doubt.

Charging cable or wall box

These should also be covered if, for example, a cable or mobile charger has been stolen or a wall box has been damaged. According to information, the latter is often automatically insured through residential building insurance if it is permanently attached to the house.

operator error

It is useful if operating errors are also insured. This is usually done through the so-called “all-risk” coverage in all-risk insurance, so the term “operational error” does not necessarily appear in the conditions. Some providers assume damages of up to 5,000 euros, others up to 20,000 euros or more.

animal bite

In the case of animal bites, it is important to ensure, among other things, that the consequential damage is also insured through comprehensive insurance. The services listed by “Finanztest” range between 3,000 and 20,000 euros. Some are “unlimited” liable. This usually means that the replacement value of the car is the limit.

For some, it might also be useful to have components such as a cover letter, which also provides breakdown assistance if the battery is exceptionally low. However, the insurance terms are often a jumble. Even for financial experts, it was sometimes “difficult to understand which benefits apply and which specific claims are insured.” “We had to ask many insurers many times to be able to classify some of the formulations. Such conditions can certainly cause confusion among consumers,” report product testers.


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