What Every EV Owner Needs to Know!

 


Just got an electric vehicle (EV)? Before you zoom off into the eco-friendly sunset, let’s make sure your insurance is as cutting-edge as your ride! Here’s the lowdown on what you should look out for:

Battery Coverage : Your EV’s battery is its most expensive part! In India, replacing a battery can cost between ₹5,00,000 to ₹12,00,000. For instance, the Tata Nexon EV’s battery replacement could be around ₹6,00,000. Without proper battery coverage, you might be stuck with this hefty bill if something goes wrong. 


Charging Equipment Protection: More than 60% of EV owners charge at home! 🏠 But if your home charging station is damaged, it could cost you ₹25,000 to repair or replace it. 😱 Ensure your insurance includes coverage for home charging equipment to avoid these unexpected costs. 


Specialized Repairs: EVs often need specialized repairs, which can be 20% higher than for traditional cars.  For example, fixing a minor collision on a Mahindra eVerito might cost around ₹50,000, compared to ₹40,000 for a similar gasoline vehicle. Make sure your insurance covers repairs by certified EV technicians.


Increased Replacement Costs: The cost to replace an EV can be significantly higher. For example, replacing a MG ZS EV could cost around ₹23,00,000, while a comparable gasoline vehicle costs about ₹18,00,000. Ensure your insurance policy includes sufficient coverage limits to match these higher replacement values.


Drive smart and stay covered! Protect your high-tech ride with insurance that matches its modern features and enjoy the road with confidence! 

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