Electric Car Insurance

This regularly updated section of the HomeApproved web site will cover the latest trends, research, opinion and developments in the UK car insurance sector.

Electric Car Insurance
We have recently been reading about the new Rolls Royce Phantom 102EX. Nothing remarkable about that you may well be thinking. However when you consider that this is Rolls Royce's first foray into the ever growing electric car market it made us think of the possibilities for a burgeoning electric car insurance market?!

For a manufacturer such as Rolls Royce to show this vehicle at this years Geneva Motor Show is a clear indication that the future of motoring powered by oil is probably entering it's final phase. A remarkable thought but one which many industry commentators see playing out over the next decades.

For the staff at Homeapproved this had us contemplating the potential ramifications for the car insurance market. No doubt their will be new motor policies specifically designed to cover this type of battery powered vehicle(s). Our questions are how would they differ from the standard third party and comprehensive policies designed for today's petrol and diesel powered cars?

If you are currently in the market for a new electric car then a new car insurance policy specifically tailored to your new vehicle could be hard to come by? It is quite likely that your insurer for your petrol or diesel powered motor does not have a policy specifically for electrically powered vehicles?

Should one of the benefits of driving an electric vehicle be cheaper motor premiums? What about the necessity for breakdown insurance as the range for these vehicle is still limited? Many questions remain about how the electric car insurance market will develop over the next 10 years. What you can be sure about is that here at Homeapproved if their is any news to give you you will find it here first.

ENDS

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