We’ve got your EV covered
Featured articles
Top tips to maintain your EV
Our guide to charging your EV
Is your home EV ready?
EV safety: what you need to know
In the news: EV incentives to help you make the switch
Additional resources
Carloop
EV FireSafe
Frequently asked questions
Each insurance company calculates the cost of motor insurance differently.
The cost of your motor insurance is determined by a range of factors.
When calculating your motor insurance premium, we consider factors such as:
- the age, driving experience and claims history of the person who drives the car most
- the year, make and model of your car
- the location your car is parked.
Not all motor insurance providers offer the same coverage. Motor insurance may cover your electric vehicle for loss or damage including fire, but you’ll need to check your policy details to confirm whether your EV battery is specifically covered.
Our Motor Insurance provides cover for thermal runaway in your EV, as well as your battery, charging cables and wall chargers in your home.
It’s less likely for an EV to catch fire when compared to fires related to petrol or diesel cars. International research conducted in Sweden reported that EVs are twenty times less likely to catch fire than a petrol or diesel car.
Batteries in an EV can become unstable when the battery cells have sustained damage, for example when the EV is involved in a traffic collision.
Thermal runaway in a damaged battery can cause it to catch fire when accompanied by the release of flammable gas. Read more about thermal runaway in EV batteries.
Our Motor Insurance provides cover for your EV, including your charging cables and wall chargers if they’re damaged in an insured event.
For more information about charging your EV, read our Guide to charging your electric vehicle.
This will depend on the electricity rates, the battery size of your electric vehicle and the charging speed.
DC fast charging provides the quickest charging times for EVs, and costs approximately $0.40 to $0.70 per kWh.
In Australia, charging an EV at your home can cost between $0.15 and $0.30 per kWh, offering a cheaper alternative to the running costs for traditional petrol-powered vehicles. If you have solar panels, this can reduce the cost of EV charging even more.
You can top up your vehicle’s energy supply at home. Charging your EV at home can be the cheapest and most convenient way to power your vehicle, providing you have off-street parking.
You can even charge your EV overnight while you sleep, by drawing power from your home and using a cable to supply it to your vehicle.
Find out more about how to adapt your home for EV charging, including tips for installing an EV charger, average costs, and safety considerations. Our Motor Insurance provides cover for your EV, including your battery, charging cables and wall chargers in your home.