Car Insurance For Electric Vehicles Explained

20 November 2018

You’ve taken the leap into electric vehicles, leaving behind petrol fumes and high bills at the forecourt lured by the prospect of low running costs, no vehicle tax, and low emissions. Or maybe you’re just considering ditching fuel tanks for plugs and are doing the maths, calculating whether the savings you can rack up with an EV, from the government’s rebate to lower servicing charges, can offset the higher initial outlay.

While electric vehicles are exempt from vehicle tax and from charges in London’s congestion zone, and you can rack up discounts on parking permits from many councils, you can’t avoid some of the standard costs of owning a vehicle. A major, unavoidable expense is for car insurance, which is a legal requirement for any vehicle using or even parked on public roads in the UK. If you’ve never sought out or arranged insurance for an electric vehicle, you might be baffled about where to start.

Cost and Providers:

You may heard electric vehicles are significantly more expensive to insure and that you’ll need to see out a specialist provider. It’s true that the market for electric vehicles, and therefore for insurance for electric vehicles, is still in its infancy. As of the end of September 2018, there are just 178,000 plug-in vehicles (including fully electric vehicles and plug-in hybrids) registered in the UK, out of a total of 37.3m vehicles on our roads. But the number is rising quickly: there were 5,000 new registrations of plug-in vehicles each month of 2018, while in 2014 just 400 new plug-in vehicles were being driven off lots.

With the increasing uptake of EVs and hybrids, especially in the run up to the 2040 ban on petrol and diesel vehicles, the cost and complication of insuring them will fall. Electric vehicle insurance policies will become standard fare from mainstream insurers.

Today, the higher purchase price of EVs drives up insurance premiums for them, as insurers need to consider to cost of replacing your vehicle if it’s stolen or damaged beyond repair.

But even now you might find insuring an electric vehicle might be comparable to, or even cheaper, than insuring a petrol- or diesel-powered car, owing to the small size and less powerful engines on EVs and the discounts some insurers can give you for driving environmentally-friendly cars.

However, the process of obtaining insurance quotes and policies for an electric vehicle is different than that for EVs and a rundown will be helpful as you start your electrically-powered journey.

What Impacts Cost of Insurance for Electric Vehicles:

You’re probably familiar with the features of a standard vehicle that can inflate, or reduce, your monthly premiums for its insurance, including its car insurance group, the size of its engine, and purchase price. For insuring electric vehicles, there’s a new calculus, accounting for who owns the battery and the risk posed by (not kidding) power cables.

leased batteries:

Some EV manufacturers like Renault and Clio offer motorists the option of buying the vehicle outright but leasing its battery, with a monthly fee and mileage agreement. These arrangements spare you the steep cost of replacing batteries when they lose functionality after a few years. But if you’re leasing the battery, you’ll need to inform your insurer when obtaining quotes, as a leased battery will affect who needs to be paid if your electric vehicle is written off. Additionally, some policies may not cover leased batteries.

power cables and liability:

Much like your smartphone, your electric vehicle will need to be charged, just with a very big cord. If you’re charging in your driveway or garage, you won’t have to worry about the cord trailing large distances. But if you’re charging your vehicle while it’s parked on the street or at a public charging station, that cord could pose a tripping hazard. When obtaining an insurance policy for your electric vehicle, you should ensure it provides enough liability cover to protect you if a member of the public face-plants over your cable.

fires from at-home charging:

If your electric vehicle or cable fire while plugged in in your driveway or garage you might wonder which insurance policy will pay out: your home insurance policy or the one for your car. That ultimately depends on where the fire originates, but the risk of an electric fault within your vehicle causing a fire that then destroys you home can push up premiums for car insurance for EVs.

green discounts:

Some insurers will offer discounts of up to 5% on your annual premiums as a reward for you driving an environmentally-friendly car. Others will make charitable donations to green causes in your name from your premiums or plant a certain number of trees.

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7 Top Gear Manufacturing Companies in the USA

Gears are one of the most important inventions in the world, allowing humans to maximize the efficiency of thousands of different machines. Whether you're in the automotive industry or working with manufacturing equipment, seamless rolled rings play an important role in the things you deal with on a day-to-day basis. For companies that rely on seamless rolled rings, finding a reliable manufacturer is one of the biggest steps to running a successful business. Cliffe Metal Products specializes in seamless rolled ring forging and manufacturing, helping customers in a wide range of industries make the most out of their machines. We pride ourselves on delivering a quality product every time and making sure every product does what it's supposed to do. No matter what you need seamless rolled rings for, having a good manufacturer that you can count on to make everything to spec is important. To learn more about some of the best gear manufacturing companies in the USA, check out this list we put together. 1. Cleveland Gear Company: With roots that begin all the way back in 1912, the Cleveland Gear Company is one of the oldest and most experienced gear manufacturers in the country. Cleveland Gear Company has been working with industrial gears, worm gears, precision gears, and more for more than a century, and all that experience has been a result of some of the best manufacturing processes. Every gear Cleveland Gear Company makes is well-made and fits the specs, making it a top choice for customers across the country. 3. Gear Motions: While Gear Motions isn't quite as old as Cleveland Gear Company (most gear manufacturers aren't), it's made a name for itself as one of the best manufacturers in the United States. Gear Motions has made a big splash in the world of custom cut and ground gears, and that includes both complete gears and blanks. Precision is the name of the game when it comes to gears, and Gear Motions does that well. 3. Cliffe Metal Products: Cliffe Metal Products is an ISO-9002 certified manufacturer of gears, which is a big deal. This certification ensures that a company is using the best practices from the initial manufacturing of a part or product to the actual delivery of that product. Cliffe Metal Products manufactures some of the best gears on the market by sticking to the best manufacturing and quality assurance practices, in addition to working closely with customers to make sure every product delivered fits its intended purpose. Whether somebody needs gear for something simple or a bearing for an aircraft, Cliffe Metal Products delivers. 4. Omni Gear & Machine Corporation: Just like any good gear manufacturer, Omni Gear & Machine Corporation is all about precision when it comes to manufacturing. In fact, Omni Gear & Machine Corporation offers a wide range of custom and precision gear manufacturing solutions for customers in nearly every industry. Whether you need smaller gears for an automobile or something industrial for machinery or an aircraft, you can count on the precise manufacturing of Omni Gear & Machine Corporation to deliver exactly what you need. 5. American Gear, Inc. American Gear, Inc. handles gears up to 6" in diameter, delivering quality that you can only count on when you're dealing with one of the country's top gear manufacturing companies. The gears manufactured by American Gear, Inc. can be made to meet military and industrial specs, which makes them some of the leading products for both consumers and businesses. With years of experience with everything from sprockets, splines, pulleys, and all sorts of gears, you'll have a hard time finding a gear manufacturing task that American Gear, Inc. can't handle. 6. The Timken Company: Operating from 42 countries, the Timken Company is one of the largest manufacturers of gears and bearings in the entire world. These products are used in transmissions for vehicles and aircraft, in addition to a range of other industries. Much like Cleveland Gear Company, the Timken Company can trace its roots all the way back to the early 20th century. The company was started in 1917, which means you can count on more than 100 years of experience in gear manufacturing to deliver the best quality products for your needs. 7. Rexnord Industries, LLC: Rexnord Industries, LLC wasn't always the biggest name in the gear manufacturing industry, but it did get its start before the turn of the 20th century. The company was initially started as the Chain Belt Company way back in 1892, getting its name from the fact that the company mainly manufactured chain belts at the time. Thanks to several decades of experience, Rexnord Industries, LLC has become one of the top manufacturers for everything from chain belts and conveyors to gear drives and bearings, which is why they're a trusted name in the manufacturing industry. Do You Need to Work with the Best Rolled Ring Suppliers for Gear Manufacturing? Contact Cliffe Metal Products Today! No matter what you use seamless rolled rings for, precision and quality manufacturing are important. The good news is you can get the best seamless rolled rings for any use from Cliffe Metal Products. Thanks to decades of experience, we've mastered the manufacturing process and designed a quality assurance program to deliver the best product every time. Plus, we can do everything from gears for automobiles to bearings and gears for helicopters and other aircraft. Contact Cliffe Metal Products today to find out more about our custom-manufactured seamless rolled rings, gears, and forged products. 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Perfect ways to Earn from your Wonderful Car

Is it the cost of owning a car that drives you insane? Looks like you always pay for gas, insurance, repairs or tax? Wouldn't it be great if the car had been able to pay for itself? There are a lot of things you can do every day while using your car to earn extra money. It is time your car was turned into an asset, not a liability. Here are five ways to make comparatively little risk out of money in your car. With insurance and other measures to keep your car and you safe, each of the companies mentioned here protects you. Open a used car dealership Well perhaps opening a used car dealership is the most obvious way to make money from cars, used cars are always on excess supply and this can be a profitable working line. But it can also be one of the more challenging businesses to run, especially when you start out first. But, if you have a car, or two, you just don't want to. You could sell them forever. In fact, if you can find great deals on cars and fix them up a little bit, you could build a business from flipping them out for profit. Rent your car If you don't actually want to drive your vehicle around to make money, use an app to rent it to others. They pay a small fee and then when they're done they drop the vehicle back off. You can put your car to work while doing something else. Register with a company and customers will rent your car, pick it up from your designated location (including home or office) and return it to you. Open a garage Those with an interest in what's under the hood could have their own garage installed. If you are a mechanic so you can do the work yourself, of course, it's beneficial. But if you're not, you might always look at hiring staff and taking care of the operation's tech side. This is another field that is always in competition, as cars are complicated machines and often have problems. Medical Transportation Service Seniors and people with medical problems preventing them from driving often could use access to a car to and from medical appointments. Excel in this area especially if you have a ramp or a vehicle that is easily accessible. Drive an Uber If you are looking for a part-time job or you don’t have a good corporate job, don’t worry. We’ve got the solution for you. You can drive Uber with your car and can earn money. You just have to be very careful while driving and try to avoid any kind of drug that can cause you trouble. The accident can affect both you and the customer. If it happens in Nevada, you need to get an attorney and immediately register a Nevada car accident report to avoid further problems. These are just a couple of ways you could make money out of your passion for everything related to auto. Making money out of your passion can be incredibly rewarding and every day make sure you take pride in your work. Moreover, this can also be a profitable industry in which to work, as vehicles are always on demand and play such an essential role in everyday life. More Related Post: 7 Ways Truck Accidents Differ from the Regular Car Crashes Dos and Don’ts After a Car Crash Tips for Winning Your DUI Car Accident Case

The Safest Motorcycle Equipment: Gear For Every Rider

Riding a motorcycle offers a sense of freedom and adventure, but it also comes with inherent risks. As a motorcyclist, your safety should be a top priority every time you hit the road. While honing your riding skills and practicing defensive driving techniques are crucial, investing in the right motorcycle equipment can provide an additional layer of protection in the event of an accident. In this blog post, we'll explore the safest motorcycle equipment that every rider should consider wearing to stay safe on the road. Helmet A high-quality helmet is the single most important piece of safety equipment for any motorcyclist. In the event of a crash, a helmet can significantly reduce the risk of head injuries and traumatic brain injuries. When choosing a helmet, opt for one that meets or exceeds safety standards, such as the Department of Transportation (DOT) or Snell certification. Look for features such as a sturdy outer shell, impact-absorbing liner, comfortable padding, and a secure chin strap. Additionally, make sure the helmet fits snugly and securely on your head to provide maximum protection. Protective Riding Gear In addition to a helmet, wearing protective riding gear can help safeguard your body from injuries in the event of a crash or slide. Invest in a durable motorcycle jacket made from abrasion-resistant materials such as leather or textile, with built-in armor in critical areas like the shoulders, elbows, and spine. Pair the jacket with armored riding pants or jeans, which offer added protection for your legs and hips. Don't forget to wear sturdy motorcycle gloves to protect your hands and wrists from abrasion and impact injuries. Riding Boots Proper footwear is essential for maintaining control of your motorcycle and protecting your feet and ankles in the event of a crash. Choose motorcycle-specific riding boots with reinforced soles, ankle support, and impact protection. Look for boots made from durable materials such as leather or synthetic textiles, with non-slip soles for optimal grip on foot pegs and pavement. Avoid wearing sneakers or other casual shoes, which offer little to no protection in the event of an accident. Eye Protection Protecting your eyes from wind, debris, and insects is essential for maintaining visibility and safety while riding. Invest in a good pair of motorcycle goggles or a full-face helmet with a built-in visor or face shield. Look for eye protection with anti-fog and UV-resistant coatings for optimal clarity and comfort in various riding conditions. Additionally, consider carrying a spare visor or anti-fog treatment for long rides or inclement weather to ensure clear vision at all times. Reflective Gear The Cherry Hill motorcycle accident attorneys make it clear that visibility is crucial for staying safe on the road, especially when riding at night or in low-light conditions. Incorporating reflective gear into your riding ensemble can help increase your visibility to other motorists and reduce the risk of accidents. Wear a reflective vest or jacket with reflective strips, or add reflective tape to your helmet, jacket, and motorcycle to enhance visibility from all angles. Consider investing in reflective decals or accessories for your motorcycle, such as wheel stripes or side reflectors, to improve visibility even further. Motorcycle Armor For riders who engage in off-road or high-speed riding, motorcycle armor provides an extra layer of protection against impacts and abrasions. Motorcycle armor typically consists of hard plastic or composite panels strategically placed on key areas of the body, such as the chest, back, shoulders, elbows, and knees. Integrated into a compatible motorcycle jacket or pants, armor enhances protection without sacrificing comfort or mobility. Look for CE-certified armor for optimal impact resistance and shock absorption. Riding a motorcycle can be an exhilarating experience, but it's essential to prioritize safety every time you hit the road. Investing in the safest motorcycle equipment is crucial for protecting yourself from potential injuries in the event of an accident. By wearing the right gear and practicing safe riding habits, you can enjoy the thrill of motorcycling while minimizing the risks associated with this exhilarating mode of transportation. High Visibility Vest Reflective motorcycle vests with high visibility are extremely important in case you are riding during the night or in darker areas. They are cost-effective and provide the necessary safety for your adventure rides. Road crews and highway workers wear them for safety reasons. Similarly, you, too, must utilize this safety tool to maximize visibility. These vests are available in many different materials. They offer reflective and high-visibility colors to help alleviate safety concerns. So if you do not have one, you must get one. A high-visibility vest is a great option for riding in high-traffic as well as high-density population areas. These vests will save you from dangerous situations. You may want to stay comfortable, but safety is key. Protective and preventive motorcycle safety gears keep you safe while you take on the challenges on the road. They do not let safety become an obstacle in the path to your limitless thrill. Earplugs One of the most important items of safety gear for motorcycle riders is earplugs. You may not be riding a throaty cruiser with its V-twin engine. Bikes, however, are noisy. If you add traffic and wind noise to the already loud party, ear fatigue is not too far away. The excessive exposure to this high-decibel noise will start to set in for sure. In order to protect your hearing, use industrial use foam plugs to keep your ears safe. Some of them are inexpensive, but a higher-quality plug will offer a better fit as well as better attenuation. It will be a far better choice to invest in a set of custom-made plugs. Our ears are unique, similar to fingerprints. There are many motorcycle companies that offer earplugs that are designed especially for motorcycle riding. Even audiologists can make you a custom-fitted pair within a week or two. Wrapping Up It is crucial to wear safety gear amid the right clothing when riding a bike. You could be riding a moped or even a high-performance bike. As serious as crashing on a bike sounds, the right equipment will help keep you ready for all situations. There are safety helmets and eye protection to consider. Visors and goggles will keep your eyes from getting injured and increase on-road visibility. Safe riding is not just a personal choice, it is also a legal requirement to make sure that you get the right protection while on the road. If you have thoughts to share or questions to ask, please leave a comment below. We would love to hear from you! Read Also: Things to Consider Before Buying Your First Motorcycle Dos and Don’ts When You’re Involved in a Motorcycle Accident 8 Useful Tips to Help You Prepare For Your First Motorcycle Track Day

Car Insurance For Electric Vehicles Explained

Cost and Providers: