Owning an electric car means improving your carbon footprint, benefiting from a lower cost of use than a thermal vehicle, but it also means benefiting from cheaper car insurance. According to a study conducted by Assurland.com in 2023, the owner of an electric car paid his insurance premium 563 euros on average compared to 645 euros for the insured with a gasoline vehicle, reports BFMTV. Which represents a discount of 20 to 25% on a third-party contract, and 12 to 15% on an all-risk formula. But this advantage is not expected to last: the cost of car insurance for an electric car “could soon soar” warns Assurland.
Currently, most electric cars are less expensive to insure than their thermal equivalent. The only exception is the Dacia Spring which, under all risks, sees its contribution reach 255 euros when a Sandero III owner must pay 250 euros.
Big price differences
For the Fiat 500, the owner of the electric model pays 145 euros to the third party compared to 173 for the gasoline vehicle and 311 euros all risks compared to 318 euros for its thermal equivalent. Same observation for the Renault Zoe: 142 euros for a third party and 302 euros for all risks, compared to respectively 169 euros and 318 euros for the Clio V.
Owners can count on exemption from the Special Tax on Insurance Agreements (TSCA). This TSCA, owners of “zero tailpipe emission” vehicles whose registration certificate was issued as of January 1, 2021 are exempt from paying it, specifies Argus. Which amounts to a 33% discount on civil liability coverage. We must add an 18% reduction on damage guarantees.
The End of the TSCA Exemption
But be careful, from December 31, 2023, there should no longer be any exemption. Unless the advantage is added to the 2024 Finance Bill before its final vote. For the moment, this is not the case. Contributions for 100% electric vehicles should therefore increase.
Another factor could cause an increase in insurance premiums for zero-emission vehicles, according to Assurland: the cost of repairs. But this would more affect models made of aluminum like Teslas, points out Argus. Which already explains why the American brand’s Model
Pay attention to the price of batteries
The cost of batteries is problematic because it can “represent up to 50% of the price of the vehicle”. In the event of an accident, the repair is “not profitable enough compared to the residual value of the car”. The car therefore ends up in the scrapyard, specifies the specialized site.
But Argus tempers this argument. The SRA (Automotive Safety & Repairs) association indicated that “in practice and, depending on the typology of damage on electric vehicles, the battery is rarely damaged. »
2023-10-10 11:28:52
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