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.

Contents

1 Cost and Providers:
2 What Impacts Cost of Insurance for Electric Vehicles:

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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Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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How Crane Trucks Can Drastically Improve Project Efficiency

It’s likely you never understood the full benefit of a crane truck until the first time you made use of one. It’s astounding to realize how much of the work that comes out of the construction industry relies on these devices.Having a crane truck on a construction site is said to improve productivity by almost double. That is why hiring a crane truck from a crane services company is beneficial as they will provide the highest level of service to the clients and community at an exceptional value. This means you could see your project in completion almost twice as fast just by bringing one of these gentle giants onto the scene.Let’s help you understand the niche so you know what to pick for your next project. What Are Crane Trucks? Full-sized cranes take up a lot of space and have to be fixed to a specific point in the ground for the duration of a project. They are simply too large and heavy to be moved around at any point in the project’s duration.For this reason, contractors bring in what are known as crane trucks.Crane tracks are essentially the portable version of the full-sized fixed cranes. Instead of being bolted to the ground, the crane operates from a truck that forms the entirety of the base.Crane trucks are handy because not only can they accommodate great weights, they can also be moved around a site as needed. They have the ability to be used for a multitude of jobs around the space.There are different-sized crane trucks available to suit the nature of the task at hand. Some tasks will require heavier lifting than others; In these cases, more heavy-duty crane trucks will be brought in. What Are Tilt Trays? Tilt trays can usually be hired from the same companies that supply crane trucks. In a similar way, tilt trays also do the heavy lifting—but from ground level, as opposed to from above.Tilt trays are massive flat surfaces that are attached to trucks. The surface has the ability to tilt and slide outward & toward the ground simultaneously. The result is a slanted surface on which objects can be easy on and offloaded.You might recognize tilt trays as the vehicles used to transport boats, cars, and other forklift-type devices. Who Might Need One? Most construction-based sites can make use of a crane truck or tilt tray in one way or another. They come in handy a lot more often than you might think.Heavy lifting isn’t something that can often be accomplished by manpower alone. Sometimes we need to turn to machinery to get the job done and get it done quickly!Keeping this in mind, there are always going to be some construction jobs that require more of a full force unit, and a full-sized, permanent crane system may be needed.The good news: Crane trucks and tilt trays are the perfect balance between gantry cranes & full-sized units.When hiring any of these units, always keep industry regulations for tilt trays and crane trucks in mind. Ensure you’re purchasing safe, standardized machinery. This will keep both you and anyone else in the vicinity safe & ensure safe completion of the project at hand. Benefits of Crane Trucks & Tilt Trays There are many benefits to making use of these pieces of machinery that far outweigh the already increased productivity of your team. Effortless: Crane trucks and tilt trays require little to no effort to enter & exit a space. Full-sized cranes need to be brought in, built up, and bolted down before they can be used. They then need to be fully dismantled before they can be taken away.These trucks simply get driven in, put to use, and driven out. No harm, no fuss! Affordability: When it comes to saving money, crane trucks are one-way tickets to a happy bank account. This is due to the elimination of the “not in use” fee that usually comes with crane hire.When cranes are permanently put onto a site, there’s a daily charge even for times when the unit isn’t needed. Crane trucks eliminate the fee because they can be driven back to their owners on days when they’ll not be needed.You’ll only be paying for what you use! Less Responsibility: Another great thing about both crane trucks and tilt trays is that your business doesn’t absorb as much responsibility for the units as you would more permanent installations.When the construction day comes to an end, the trucks can be parked somewhere enclosed or sent back to the hiring company. No additional security needs to be implemented to watch over the units by night to make sure they are safe. Versatility: Any device built onto a truck is automatically more efficient and versatile than something that is fixed to the ground.Being able to maneuver a crane around the premises as needed is hugely beneficial. You could start the workday with the crane performing tasks on one end of the site and end the day with it somewhere else getting completely new tasks done.The versatility of both crane trucks and tilt trays is hugely notable & a big reason why most companies opt for these before they agree to any fixed forms of lifting. Conclusion: As you can see, the reasons why a crane truck can’t make your business more efficient would probably have been a shorter list to dive into.When it comes to construction, efficiency and productivity are what will set your business apart from the rest. Your machinery needs to work with you in order to do this!Read Also: How To Ship A Car Made Easy: 5 Tips To Keep In Mind 8 Factors To Consider When Purchasing A Bed Liner For Your Truck 10 Reasons To Purchase A Used Car

Important Terminology In Filing For A Car Accident Claim

On a different post, we’ve mentioned steps you can take in filing for a car accident claim. But in addition to knowing what guidelines to follow during the process, it is vital that you understand legal terms frequently used in claim-filing.From your Kansas City car accident attorney to you, below are terminology you will encounter as you file for, investigate, evaluate, and submit your car accident claim. Car Accident Claim-Filing Terms And Definitions- 1. Burden Of Proof: “Burden of proof” is the term used to describe the actual task and act of proving yourself innocent in an accident claim. And proving damages wrought and injuries incurred which you believe (and calculate) worthy of the value you specify in your claim.You, being the plaintiff (the person who is stepping forward to present the claim) have the burden of proof as you “prove” to the courts or the party of the defendant your right to said claim. 2. Liability: “Liability” refers to one’s “debt” or “responsibility”, in coming up with recompense for the car accident and for causing the car accident in the first place. The party that is liable for the car accident claim is also called the “defendant”, “accused”, “appellant”, and “respondent”. Other categories of crime use the term “suspect” as well.Besides pointing out who the liable persons are in a car accident, this can be established and legally determined through pieces of evidence in the accident scene, police reports and related documentation, vehicular damages, injuries, statements from bystanders and witnesses, traffic violations (via recorded evidence), etc. 3. Claim: A legal claim is a request a person can make for court review, wherein you state evidence-supported reasons at the outset, for why the claim is being presented. Technically speaking, a claim falls outside the bounds of a “legal case”, and will transition into it only if the claim is denied and/or a settlement is not concluded. 4. Settlement: In law, a settlement is a conclusion, the coming-to-terms, or the agreement of litigants regarding the particulars mentioned in your claim. Reaching a settlement means that the defendant is amenable to it and is willing to provide compensation for the car accident, with the exact value specified in the same claim.When a settlement is reached, you will not have to escalate the claim into a court case. Also, reaching a settlement should be the goal of your claim-submission. 5. Uninsured Motorist Coverage (UIM): Some states in the U.S., Missouri included, require that drivers sign up for UIM or an Uninsured Motorist Coverage. A UIM is a kind of insurance that protects drivers in the event that the perpetrator of the accident does not have any insurance coverage.Losses, or portions of it, can be covered by the UIM. The amount in a UIM will depend on your policy’s terms and limits. 6. Actual Cash Value:This is a phrase used to define what the damaged automobile’s market value is. Think of it as what the value or “price” your car would have borne right before the accident took place.Read Also:5 Things To Do Immediately After You Get Into A Car Accident 7 Ways Truck Accidents Differ from the Regular Car Crashes Car Insurance: What You Need To Know Before Taking The One! Used car: simple steps for buying from a reliable cars dealership

2018 Tesla Model S: The Complete Electric vehicle

Tesla has an impressive range of electric cars with decent power and along with that, the cars are friendly to the pocket. Tesla has been in the market for the past few years but has not succeeded in impressing the buyers. However, with the recent launch of Tesla Model S, which is an electric variant car and a medium-sized sedan, it has started to gain the popularity. A major reason behind this is, the affordable price and that that car offers ample amount of features which are otherwise not seen in the other electric cars in the market. Pros: The car is an electric variant. It is a medium-sized luxury sedan which has an impressive range on the high-end models of the car. The acceleration is quick and thus, the power of the engine has been done justice with the gas pedal system. Talking about the space, the liftback design is an added advantage. It offers an abundant cargo space to the customer. Moreover, there are a few Tesla exclusive technologies and general technologies which are not available in other luxury cars. Cons: There are similarly priced sedans in the market too. A major setback which can be predicted is that it is an electric car. The electric cars have not gained popularity and always considered weaker against the gas-operated car. Moreover, the luxury polish is not clearly visible such as in the other cars having the similar price tag. If we look into the aftersales part, the service centers are not present all around the world. This is because of the number of dealers in the car also less. Trims:Till the time Tesla had launched Model S, the electric vehicles were not preferred. The gas-operated vehicles were always given the priority despite the operating cost and the base price of the cars. After Tesla Model S was launched in two different trims, the potential buyers of the electric vehicles got an option to buy one of the best electric cars in the market. The basic model of the Tesla Model S is the 75D. The car is EPA-rated at the range of 229 miles. This means the fuel economy of the car is 229 miles. The higher version which is 100D can run 331 miles in one charge. This is the middle ground between the basic and the top model and thus, has all the necessary features. The top model of the car is the P100D. Talking about the acceleration of the car, when the Tesla Model S is completely charged, it can accelerate from 0 to 60 mph in the period of 2.5 seconds. The time taken by the car is lesser than most of the exotic cars priced at even higher rates than the Tesla Model S MSRP. Software: The most important thing about having an electric car is the continuous software updates. From the Tesla Model S review, it is known that Tesla is known for releasing new software, bug fixes and the addition of features in each software upgrade. The firmware update adds more features into the car. An added advantage of having an electric car over the gas-operated car is that the number of features keeps adding. Whereas, in the gas-operated car, once you buy the car, you will not see any features being upgraded. In the electric car, if there is an inconvenience, it will be fixed by the software itself up to some extent. Interior: Tesla model s interiors have been given top ratings by the reviewers. The advanced features in the car, ask for a bit of learning but once you are well-versed with all the features, you can enjoy the cabin with lovely materials and the infotainment system within an arm’s distance. The infotainment system can be used with the help of a 17-inch touchscreen. The whole electronic network works great. However, you can face the problem when it comes to the power exterior door handles. They deployment is delayed. The cabin is huge and gives a wide-open feeling with a ton of legroom and headroom. Safety: Considering the safety of the car, it is equipped with 5 airbags. Apart from the airbags, the car also has other standard active safety features such as 4-wheel ABS, 4-Wheel Disc Brakes, Brake Assist, Electronic Stability Control, Daytime Running Lights, and lane keep assist along with other numerous Tesla exclusive safety features.Read Also:Best New Cars For Teenagers Important Tips To Maintain Your Luxury Car

Car Insurance For Electric Vehicles Explained

Cost and Providers: