Month: July 2025

Many misconceptions surround electric cars. If you’re considering buying one, it’s important to separate fact from fiction. One common misconception is that electric vehicles require a separate insurance policy in Alabama. If you’ve recently purchased an electric car, Surety Ins Inc. can help you find the best auto insurance to meet your needs.

You Don’t Need a Separate Auto Insurance Policy

Auto insurance policies for electric vehicles are written in a similar manner to those for gas-powered cars. This is because all vehicles—whether gas-powered, hybrid, or electric—have similar coverage needs. Every driver requires basic coverage, including bodily injury liability, property damage liability, collision, comprehensive, medical payments, and uninsured/underinsured motorist coverage. These needs remain the same regardless of the type of car you own.

However, owning an electric vehicle can impact the cost of your premium. This is due to the inherent differences between electric and gas-powered cars, which influence the risks perceived by insurance carriers. While you don’t need a separate policy for an electric vehicle, these differences often result in higher premiums.

Electric Vehicle Differences

The primary factor affecting insurance premiums for electric vehicles is their initial cost. Electric cars are generally more expensive than their gas-powered counterparts, which leads to higher premiums. This principle applies to any car with a higher price tag. Additionally, other factors contribute to increased premiums for electric car owners:

• Specialized parts that are more expensive to replace
• Costly batteries
• A limited number of technicians skilled in electric vehicle repair and maintenance

Despite higher insurance premiums, many electric vehicle owners find that savings on gasoline offset these costs.

Get started on your electric vehicle auto insurance policy by contacting Surety Ins Inc., proudly serving Alabama residents. Contact our office today to schedule an appointment.