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Electric car insurance covers damage to a person’s vehicle as well as financial protection in the event that they are held accountable for another party’s injuries or property losses.
Their EV insurance may also cover the medical costs of anyone injured in an accident or struck by an underinsured or uninsured driver. These limitations were agreed upon by them and their insurer, and they are protected by their insurance.
While purchasing an electric car may offer a number of advantages, one may also want to take into account some of the contrasts, such as purchasing electric vehicle insurance as opposed to traditional auto insurance.
Understanding the best way to insure an electric car can help one to save money and make sure they have the right coverage for their new purchase.
An electric vehicle typically costs more to insure than a regular car does. This is largely because electric vehicles are more expensive to buy and require more frequent repairs, especially ones with pricey technical features.
The Turkey EV Insurance Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.
In order to achieve its sustainability strategy goals in the area of the environment, Allianz Turkey is introducing a discount incentive for the insurance of electric vehicles, even though the immediate impact is unquestionably minimal in a nation where more than 22 million cars are registered for use on the roads.
One of the three sustainable solutions Allianz Turkey started was a discount of up to 20% on the insurance of electric vehicles, with the energy industry being the other.
For solar energy plants, Allianz Turkey created a solution that would reimburse regardless of any bodily harm and financial loss brought on by low sunshine brought on by unfavorable weather conditions.
As part of the group, Allianz Turkey has also implemented measures, continuously evaluates its sustainability performance and reports on it in compliance with GRI reporting requirements.
