Electric Car Insurance
Having an electric car sounds great, doesn’t it? Before you purchase one, be sure to know the facts about them so you can make a sound decision about whether one is right for you or not.
What you need to know about electric cars
If you have a long commute, an electric car is probably not a wise choice. But if you drive less than 40-50 miles a day, an electric car may be worth considering.
There are 3 different categories of electric cars:
- a production electric car,
- an electric conversion vehicle, and
- a low-speed vehicle. The most popular electric car in America right now is the low-speed vehicle.
The problem with a low-speed vehicle is that you cannot legally drive them in some states. They are restricted to speeds of no more than 25 miles per hour, and have a shorter battery life of 25-40 miles per charge. Production electric cars and electric conversion vehicles, on the other hand, are passenger vehicles and can be driven on the highways like regular gasoline powered vehicles.
The price of electric vehicles range anywhere from $12,500 to six figures. The cost to run them is 3-5 cents a mile. On the downside, it can take 4-6 hours to charge the battery, and you will have to replace the batteries, which last anywhere from 3-12 years. Another concern is the lightweight material used to make the vehicles—so far they haven’t performed well in crash tests.
To find out more about electric car insurance, request a quote here. We make it easy to request quotes and more information on electric car insurance. Get started now, request a quote today!