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Savings on fuel consumption, but with higher costs if there is no insurance. Understand the reasons for such high insurance prices for electric cars!
Electric cars are coming gaining space on Brazilian streets, attracting more and more specific consumers in sustainable vehicles, economical and with less environmental impact. However, despite the savings provided when refueling, many drivers are surprised to discover that the electric car insurance can have a significantly higher value than traditional combustion-powered vehicles, according to the AutoPapo website.
What makes electric car insurance more expensive?
According to Professor José Varanda, coordinator of the Undergraduate Course in Insurance Management at the School of Business and Insurance (ENS), there is a series of factors that explain this difference. One of the main points is that the Brazilian insurance market still has little familiarity with electric vehicles. This, combined with thehigh adequate infrastructure for loading and the limited number of specialized workshops, directly impacts the cost of insurance.
Furthermore, the high price of spare parts — especially batteries — is a crucial factor. Maintaining these vehicles requires trained professionals and specific labor, which also influences the final value. Another point highlighted by Varanda is the increased risk of fire-related accidents due to the lithium-ion batteries present in electric vehicles.
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Specific coverage for electric cars
Given these particularities, some insurance companies offer different coverage to meet the needs of electric vehicle owners. These include protections for charging cables, batteries and emergency charging assistance in cases of dry dashboard.
Despite the higher costs, the good news is that, so far, electric cars were not among the main targets for theft or robbery. This is because the black market for parts for these vehicles is still underdeveloped and, in addition, electric vehicles tend to have advanced tracking systems, which ends up discouraging criminal actions.
How do insurance companies set the price of insurance?
When calculating the value of insurance, guarantees take into account a number of factors. These include: the insured value of the vehicle, the average repair costs, the driver's profile (age, length of time held on the driver's license, accident history), and the region where the car usually circulates. In the case of electric cars, the price tends to be higher mainly due to the added value of the vehicle itself and the more expensive maintenance.
So, although the electric car represents economy In the long term, in terms of energy consumption and environmental benefits, it is important that the future owner also considers additional costs, such as insurance, which can weigh on the budget.
