Best Electric Car Insurance Options in Australia 2025 – Complete Guide

As electric vehicles (EVs) gain popularity in Australia, more drivers are switching to greener, quieter, and more efficient cars. However, finding the best electric car insurance options in Australia (2025) is still a challenge for many. EVs often cost more to repair and replace than petrol cars, which means premiums can be higher.

This guide explains everything you need to know about electric car insurance in Australia who offers the best policies, how much it costs, what to look for, and tips to save money.

By the end of this article, you will know which insurer fits your needs and how to get affordable, reliable coverage for your electric car.

Why Do You Need Specialized Electric Car Insurance?

Not all car insurance policies are created equal. Electric cars come with unique risks and features that make specialized insurance necessary:

• Expensive batteries can cost thousands to replace.

• Repairs often require EV-certified mechanics.

• EVs may have higher market values than similar petrol models.

• Charging equipment and cables might not be covered under standard policies.

Choosing an insurer that understands EVs ensures your car, battery, and accessories are adequately protected.

How Much Does Electric Car Insurance Cost in Australia?

On average, comprehensive insurance for electric cars in Australia ranges between $1,400 – $3,000 per year, depending on:

• Make and model of your EV (e.g., Tesla Model Y vs. Nissan Leaf)

• Driver age and history

• Where you live and park your vehicle

• Your chosen excess and coverage options

• Annual kilometres driven

In general, EV premiums are around 20–30% higher than similar petrol cars, although this gap is narrowing as more insurers compete in the market.

Best Electric Car Insurance Providers in Australia (2025)

Here are the top insurers offering competitive and comprehensive policies for electric vehicles in Australia.

1. RACV (Victoria)

• Why it’s good: Offers EV-specific policies and discounts.

• Average cost: $1,800 – $2,400/year

• Key benefits:

  • Covers EV batteries and charging cables.

  • Discounts for low-kilometre drivers.

  • Member discounts and roadside assist included.

2. NRMA (New South Wales & ACT)

• Why it’s good: Known for great customer service and flexibility.

• Average cost: $1,900 – $2,700/year

• Key benefits:

  • Covers damage to home charging stations.

  • Access to EV-certified repairers.

  • Optional hire car after an accident.

3. AAMI

• Why it’s good: Simple, affordable policies with add-ons for EVs.

• Average cost: $1,600 – $2,500/year

• Key benefits:

  • Covers battery damage and fire risks.

  • Lifetime repair guarantee.

  • Discounts for safe drivers.

4. Allianz

• Why it’s good: Well-suited for luxury EVs like Teslas and Polestars.

• Average cost: $2,000 – $3,000/year

• Key benefits:

  • Specialist EV cover, including battery and cables.

  • Agreed value policies for high-value EVs.

  • Premium roadside assist options.

5. Youi

• Why it’s good: Personalized quotes for EV owners.

• Average cost: $1,700 – $2,600/year

• Key benefits:

  • Discounts if you drive less.

  • Covers EV charging equipment.

  • Flexible excess options.

Summary Table: Best Electric Car Insurance Options in Australia (2025)

What Does Electric Car Insurance Typically Cover?

When choosing an EV insurance policy, check that it includes:

• Damage to the vehicle, including battery packs.

• Third-party property damage.

• Fire, theft, and natural disaster coverage.

• Charging cables, wall box, and portable chargers.

• Towing to an EV-certified repairer.

• Optional cover for personal items and hire car.

Some insurers also offer additional benefits, like cover for modifications (e.g., solar panel roof racks) or replacement with a new EV if yours is written off within the first two years.

How to Choose the Right Policy for Your Electric Car

When comparing policies, focus on these points:

Battery Cover

Ensure the policy explicitly covers repair or replacement of the battery, which is often the most expensive part of an EV.

Charging Equipment

Check if the insurer covers your wall-mounted charger and cables — even if they’re damaged at home.

Excess and Premium Balance

Higher excess can lower your premium, but ensure it’s still affordable if you need to claim.

EV Repair Network

Confirm that the insurer works with EV-qualified mechanics and repairers.

Customer Service

Read reviews and consider how easy it is to claim or get assistance.

Tips to Save Money on Electric Car Insurance

• Opt for a higher voluntary excess.

• Install approved security features.

• Park in a garage or secure car park.

• Drive fewer kilometres annually and choose a low‑km policy.

• Bundle your car insurance with home or contents insurance for multi‑policy discounts.

• Take advantage of membership perks if you’re with RACV, NRMA, or other clubs.

Why Electric Car Insurance Costs More (and Why That’s Changing)

EVs cost more to insure now because:

• Fewer qualified repairers, making labour expensive.

• Battery repair/replacement is costly.

• Parts and technology are newer and more expensive.

However, as EVs become mainstream and more repairers train to service them, premiums are expected to drop over the next 2–3 years.

What You Should Do Next

• Gather quotes from at least three of the insurers mentioned here.

• Review their PDS to make sure batteries and chargers are covered.

• Consider your driving habits and choose a policy that rewards low‑km driving.

• Look for EV‑specific benefits like free roadside assist and charging equipment cover.

Frequently Asked Questions

1. Do I need a special insurance policy for an electric car?

While not mandatory, it’s wise to choose a policy tailored to EVs to ensure your battery, charger, and related components are covered.

2. Is electric car insurance more expensive than petrol car insurance?

Yes, on average by about 20–30%, but the gap is narrowing as EVs become more common.

3. Does insurance cover my charging cable if it’s stolen or damaged?

If your policy includes accessories, yes. Always check the PDS to confirm.

4. Will my home insurance cover my wall‑mounted charger?

Sometimes — but usually your car insurance is the better place to claim. Confirm with both insurers.

5. Are there discounts for low‑kilometre EV drivers?

Yes. Insurers like Youi and RACV offer lower premiums if you drive fewer kilometres annually.

6. Can I insure a used electric car?

Absolutely. All the insurers listed above cover both new and used EVs.

7. What if my battery degrades over time — does insurance cover that?

No. Insurance generally only covers accidental damage, not wear and tear or natural battery degradation.

8. Do I need comprehensive cover for my EV?

If your car has high value or you rely on it daily, comprehensive is recommended to protect your investment.

9. Does roadside assistance come standard with EV insurance?

Some insurers include it, others don’t. Check your policy — many offer it as an optional add‑on.

10. Are Teslas more expensive to insure than other EVs?

Generally, yes. Tesla parts and repairs tend to cost more, which raises premiums.

Final Thoughts: Best Electric Car Insurance Options in Australia 2025

The growing popularity of EVs in Australia is great news — but finding the right insurance is crucial to protect your investment.

The best electric car insurance options in Australia (2025) combine competitive premiums, full battery and charger coverage, access to specialist repairers, and benefits tailored for EV owners.

Whether you drive a Tesla, Nissan Leaf, Hyundai Ioniq, or another EV, it pays to compare quotes and choose a policy that balances cost and protection.

What you should do next:

• Get quotes from at least three insurers mentioned above.

• Look for EV‑specific benefits like battery and charger cover.

• Choose a policy that fits your driving habits and budget.

By being informed and proactive, you can save money and enjoy peace of mind while driving your electric car.