If one of your New Year’s resolutions is to own an electric vehicle (EV), it’s worth recognizing that this could be the first step toward a more sustainable and technological lifestyle. In addition to helping the environment, EVs offer various advantages, such as:
- Fuel Savings: Say goodbye to gasoline costs; just recharge.
- Advanced Technology: Sensors and software make driving safer and more efficient.
- Futuristic Design: Modern and comfortable interiors created for your convenience.
- Low Maintenance: Without traditional engines, EVs require fewer mechanical checks.
With these features, driving an EV feels like stepping into the future. Although their prices may still be high, more brands are launching affordable models for different budgets.
The Impact of EVs on Auto Insurance
Electric cars collect vast amounts of data thanks to their advanced technology, benefiting responsible drivers. Many insurers use this data to personalize policies and offer competitive premiums.
It’s important to note that despite owning an EV, you must meet Florida’s mandatory coverage requirements:
- Personal Injury Protection (PIP): Covers 80% of reasonable medical expenses up to $10,000, regardless of fault.
- Property Damage Liability (PDL): Covers up to $10,000 in damages to third-party property.
Cost of EV Auto Insurance
Due to their high market value, EV insurance costs are generally higher than those for gasoline cars, especially because of the replacement value included in policies. Comparative studies estimate it to be about 25% more expensive.
How to Insure Your Electric Vehicle
To ensure your EV is adequately protected, it must meet Florida’s minimum mandatory coverage.
At Univista Insurance, we can offer a personalized pay-per-mile insurance plan with rates adjusted to your good driving habits recorded by your EV’s technology. We can also recommend the best market option that balances cost and coverage.
In Conclusion
If your goal this year is to save on gas and protect the environment by purchasing an electric vehicle, make sure to secure the best insurance to protect your investment.
Call Univista Insurance, where our specialists will help you find the ideal policy for your EV at affordable rates. Make your experience with your electric vehicle as modern as its technology.
Vehicle 
Home & Property 
Commercial 
Life 
Health