The Hidden Rewards of Going Green
Driving an electric car? Great decision! Here at Regal Insurance, we take the health of our planet seriously. If you’re new to electric vehicles—or EVs as they’re also referred to—there are things you need to be aware of, including how they’re insured. One difference is price. On average, quotes for electric vehicle insurance are 21% higher than they are for motorcars. This is because EVs are built with complicated battery systems that require specially trained mechanics. When it comes to damage or loss, your insurance company might have to pay more for repairs or replacement.
Here’s the good news: while electric car insurance might be more expensive, EVs save you money with lower fuel costs and require less service than conventional gas vehicles. In fact, driving an EV can save you as much as 50% on your annual fuel costs, so you can put more towards an electric vehicle policy.
Get Your Electric Vehicle Insurance Quote
There’s more good news! Regal Insurance partners with a number of companies offering Green Vehicle discounts on electric vehicle insurance to reward you for your eco-friendly choice. If your EV has AEB (Automatic Emergency Braking)—which most electric vehicles do—you could be eligible for even more discounts!
Learn more about the many options of auto insurance and the companies Regal Insurance is partnered with. Also, if you’re ever involved in an auto accident, here is some helpful advice on what to do next.
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Comparing Electric Vehicle Insurance Rates From Canada’s Leading Insurance Providers
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