Electric Vehicle (EV) Insurance is auto insurance specifically tailored to cover the unique risks and high-value components of electric cars, such as the battery, electric motor, and charging equipment. While the core policies (Third-Party Liability and Comprehensive) are the same as for traditional Internal Combustion Engine (ICE) vehicles, EV insurance policies place a greater emphasis on protecting the expensive, specialized electric components.

The fundamental difference lies in the value of the components and the specific risks associated with an electric powertrain. EV insurance addresses these through specialized riders (add-ons):