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Drive green with a battery rider
Financial Express Chandigarh
|May 05, 2025
TAKE BATTERY PROTECTION COVER WHEN BUYING INSURANCE FOR ELECTRIC VEHICLE
GIVEN THE UNIQUE technology in electric vehicles (EVs), opting for a battery protection or replacement rider could be a smart choice when buying motor vehicle insurance for your EV. It can help prevent significant out-of-pocket expenses, particularly for those driving long distances regularly or residing in areas with extreme temperatures that can affect battery health.
In an EV, the battery accounts for around 60% of the total cost. It is the most financially sensitive component. Any damage from water ingress or accidents can lead to extremely high repair and replacement costs. Battery replacement due to water ingression or short circuit is covered if you opt for the replacement rider.
This story is from the May 05, 2025 edition of Financial Express Chandigarh.
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