Reported 11 months ago
With the upcoming era of electric cars, the exclusive insurance for electric cars is set to be implemented in July. The reference rates for electric car body insurance will see an average increase of 5% to 10% compared to traditional car body insurance. The new insurance scheme aims to address the unique challenges and higher damage rates of electric vehicles compared to traditional fuel cars, with the changes taking effect on July 1st. Insurance companies are advised to prepare for the new rates, ensuring electric car owners understand the potential adjustments in insurance premiums.
Source: YAHOO