Insurance Requirements for Electric Fleets

Insuring your electric fleet under one policy massively reduces costs and hassle. Whether your fleet is large or small, fleet insurance is the most effective way to provide comprehensive cover.

There are a few requirements you need to consider before your electric fleet is eligible for insurance though. Whilst these requirements aren’t hard to reach, you should be sure to understand the details around electric fleet insurance before seeking a policy, so you achieve the best possible deal.

Do you need specialist insurance for an electric fleet?

You do need specialist insurance for an electric fleet, because electric vehicles come with different risks and equipment to traditional petrol cars. Whilst the fleet insurance works in the same way, electric fleet insurance is designed to cover all bases, such as high-value battery and charging equipment. 

That said, the process of attaining a fleet policy is the same, you’ll just need to disclose what type of vehicles you’re hoping to cover, and we’ll find a policy for you! 

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Why electric fleet insurance is different

Electric fleet insurance is different, and often slightly more expensive, because the insurer needs to consider the different components and risks associated with EVs:

Insurance requirements for an electric fleet

Electric vehicles will affect your fleet insurance, so we’d source a standard fleet insurance policy for you, but with additions including battery cover, charging cables, like-for-like courtesy vehicles and more. These plans are designed to cover everything you’d expect with a fleet insurance plan as well as the additional necessities that come with electric vehicles. 

Depending on your needs and preferences, this might include third party, third party, fire and theft, or comprehensive coverage as a base, then other aspects such as battery cover, charging equipment cover, adas recalibration cover and access to specialist repair networks. 

It may seem confusing, but FleetCover can listen to your specific needs and find the policy to match your electric fleet.

The insurance risks of transitioning to an EV fleet

Whilst transitioning to an EV fleet comes with a number of benefits, there are also some insurance risks which you should be aware of before you make the switch for good:

Effectively, all of these risks can drive the prices of premiums up, leading to a more expensive insurance policy. However, that doesn’t mean it’s not worth using an electric fleet. With the help of FleetCover’s expertise, you can be sure that the insurance plan you’re getting is the best possible deal. As a result, rest assured that your electric fleet is comprehensively protected, and your business can operate efficiently.

Choosing the right electric vehicle insurance policy for your business

Choosing the right electric vehicle insurance policy for your business means understanding all of the unique requirements of EVs, and failure to do so could leave you with a plan which doesn’t cover all bases, costing you money in the long run.

With the help of Fleet Cover, you can rest assured that you’ll be provided with a bespoke insurance plan, which addresses all of your needs as a business and keeps your fleet on the road as much as possible. All of this at the best possible price on the market! We’re experienced in covering fleets of all sizes too, including mini fleets. Get in touch with us to find out more.