If you think an EV or hybrid vehicle is a good investment, you’re not alone. A whopping 20% of all new vehicles sold in Washington State fall under this category. However, buying an EV or hybrid is not a decision that Auburn, WA drivers should make without a bit of research. It’s especially important to realize that auto insurance for an EV or hybrid is different from auto insurance for a gas-powered vehicle.
Insurance Differences
EVs and hybrids are often more expensive to buy new than gas-powered cars; therefore, it stands to reason that it often costs more to insure one of these vehicles than it would to insure a gas-powered car. Insurers also take the cost of repairs into account, as not all auto repair shops have mechanics who are qualified to fix an EV or hybrid. On the flip side, there are insurance companies that offer discounts for electric vehicles and hybrids. What’s more, these vehicles often have safety features that can qualify you for further discounts.
Furthermore, EV and hybrid vehicle insurance often comes with the option of buying a battery insurance policy rider. This rider covers the cost of fixing or replacing the battery if it’s damaged or destroyed by a covered peril. It’s an important form of coverage since EV batteries cost more than batteries for gas-powered vehicles.
Call Alpine Ridge Insurance for More Information
Alpine Ridge Insurance serves gas-powered, EV, and hybrid vehicle owners in and around Auburn, WA. We offer multiple policy options to suit the needs of people from all walks of life. Give us a call to find out more about how to insure your new EV or hybrid vehicle, and we’ll help you review your policy options to get the best deal we can provide.
