Electric Vehicle Insurance
An EV is still an Ontario auto policy at its core, but repairs, battery systems, charging setups, and claim outcomes can look different. We'll shop the market, make sure the coverage fits how you actually use the vehicle, and structure it so you're protected properly.
EV-Specific Things We Review
Battery and repair costs
EV repairs can be more specialized, and the cost of parts and qualified repair facilities can impact claim outcomes. We'll make sure your physical damage coverage and deductibles are set up intentionally.
Charging equipment and home setup
If you have a home charging station, we'll confirm what's covered under your home policy and what isn't, and whether any updates are needed.
Replacement cost and depreciation
EV values can change quickly. For newer vehicles, we'll review waiver of depreciation options so you're not stuck with a settlement you didn't expect.
What's Covered (Ontario Auto Foundation)
Liability
You could be held responsible for injuries and property damage in a collision. We recommend $2M to $5M liability.
Accident Benefits
Covers a range of medical benefits not covered by provincial health care including rehabilitation and attendant care.
Direct Compensation Property Damage (DCPD)
When you are in a collision and not-at-fault, this part of your policy pays for your vehicle's damages with no deductible.
Uninsured Automobile Coverage
Protects you if you are injured by an uninsured motorist or by a hit-and-run.
Liability
You could be held responsible for injuries and property damage in a collision. We recommend $2M to $5M liability.
Accident Benefits
Covers a range of medical benefits not covered by provincial health care including rehabilitation and attendant care.
Direct Compensation Property Damage (DCPD)
When you are in a collision and not-at-fault, this part of your policy pays for your vehicle's damages with no deductible.
Uninsured Automobile Coverage
Protects you if you are injured by an uninsured motorist or by a hit-and-run.
Get quotes for your electric vehicle today
We work with carriers that understand electric vehicles and price accordingly.
We shop multiple carriers and explain coverages and options so you're well informed.
Key Things EV Owners Should Know
Collision and comprehensive still matter most
Collision and comprehensive (or all perils) are what pay to repair or replace the vehicle after an accident, theft, vandalism, fire, or other insured losses. We'll set deductibles that fit your risk tolerance.
Rental car coverage is worth reviewing
Loss of use coverage can provide a rental vehicle or transportation allowance while your EV is being repaired due to an insured loss.
New EVs should be protected against depreciation
Waiver of depreciation ensures you receive the original purchase price of the vehicle without depreciation. This is often one of the most valuable add-ons for newer vehicles.
Collision and comprehensive still matter most
Collision and comprehensive (or all perils) are what pay to repair or replace the vehicle after an accident, theft, vandalism, fire, or other insured losses. We'll set deductibles that fit your risk tolerance.
Rental car coverage is worth reviewing
Loss of use coverage can provide a rental vehicle or transportation allowance while your EV is being repaired due to an insured loss.
New EVs should be protected against depreciation
Waiver of depreciation ensures you receive the original purchase price of the vehicle without depreciation. This is often one of the most valuable add-ons for newer vehicles.
Optional Coverages We Strongly Recommend
These are the coverages that most often change the outcome of an EV claim.
Frequently Asked Questions
Is EV insurance more expensive?
It depends. Pricing is still driven by the usual factors (drivers, location, claims history, usage), but EV repair costs and parts availability can impact premium. We'll shop multiple insurers.
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