Insuring an electric vehicle in North Carolina

Auto Insurance
Car Insurance
April 4, 2023

Over the past few years, electric vehicles (EVs) have become increasingly popular. They make up a greater and greater number of cars on North Carolina roads, especially in larger cities like Raleigh, Charlotte, and Durham.

Their drivers will quickly tell you about the benefits of EVs over traditional gasoline-powered vehicles. EVs produce zero emissions, and can save drivers money on fuel costs.

But what about insurance costs? Well, there are also some unique challenges associated with insuring EVs.

One of the biggest challenges is that EVs are more expensive to insure than gasoline-powered vehicles. This is because EVs have more complex technology, which can make them more expensive to repair.

Another challenge is that EV-certified mechanics are not as common as mechanics for traditional gas powered vehicles. It may be difficult to get repairs done quickly and efficiently.

Additionally, EV batteries can be damaged if they are not properly maintained. This isn’t as much of a problem in larger North Carolina cities but can be a bit of a hassle for residents of smaller towns.

There are a number of things that EV owners can do to reduce their insurance costs. One is to choose an insurance policy that covers the specific needs of EVs, such as coverage for battery damage and roadside assistance.

Another is to choose an insurance company like Superior Insurance.

Find the NC insurance office closest to you and one of our agents will personally shop around for the best rates for you. That way, you’ll know you’re getting the best insurance at the cheapest price.

Here are some additional tips for insuring an EV in North Carolina:

  • Consider your coverage needs. When choosing an insurance policy, make sure you understand what coverage you need and what you can afford. Some EV owners choose to add collision and comprehensive coverage to their policies, while others only choose liability coverage.
  • Consider your deductible. The deductible is the amount of money you’ll have to pay out of pocket before your insurance company starts to cover damages. A higher deductible can lower your monthly premium, but it’s important to choose a deductible that you can afford to pay if you need to file a claim.
  • Ask about discounts. Some insurance companies offer discounts to EV owners, such as a discount for having a clean driving record, bundling other insurance policies, or for being a member of a certain organization. Ask your insurer about any discounts that may be available to you. Superior Insurance customers already know this because our agents tell them about available discounts.
  • Be prepared to pay more. As mentioned above, EV owners typically pay more for car insurance than gasoline-powered vehicle owners. This is due to a number of factors, including the higher cost of EVs and the fact that they are considered to be a higher risk for insurers.

By following these tips, you can get the car insurance you need for your EV at a price you can afford.

For a free, no obligation quote on an EV insurance policy, please contact Superior Insurance at any one of our 4 North Carolina offices.

In just a few minutes you will have a comprehensive quote from several insurers. And you’ll be able to make the best decision for your protection and your budget.