Allianz EV Hub

Each insurance company calculates the cost of car insurance differently.

The cost of your car insurance is determined by a range of factors.

When calculating your car 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.

To find out how much you would pay for our Comprehensive Car Insurance, get a quote.

Not all car insurance providers offer the same coverage. Car insurance may cover your electric car for loss or damage including fire, but you’ll need to check your policy details to confirm whether your EV battery is specifically covered.

Allianz Comprehensive Car Insurance provides cover for thermal runaway in your EV, as well as your battery, charging cables and wall chargers in your home.

Yes, Allianz Comprehensive Car Insurance covers the sunroof of EVs if they’re made of glass, for example, the Heavy Duty Laminated glass that Tesla uses. If you choose optional windscreen cover, you won’t pay an excess on any windscreen or window glass claim, including the sunroof, for one replacement and/or two repairs per policy period. This excess waiver doesn’t apply if the support structure of the vehicle’s frame or any electrics parts are also damaged.

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.

Allianz Comprehensive Car Insurance provides cover for your EV, including your charging cables and wall chargers if they’re damaged in an insured event.

This depends on how much you use your electric car. Many EV manufacturers guarantee their EV batteries for eight years or 160,000 km. However, some EV batteries can last up to between 15 to 20 years within the car. As technology continues to evolve, the lifespan of EV batteries may also extend past this.

This depends on the type of charger used, the size of your EV’s battery, and the maximum charge rate that the vehicle can accept. A standard electric car with a 70kWh battery would, on average, need around 10 hours to become fully charged from empty using a 7kWh charging point.

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 car 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. Allianz Comprehensive Car Insurance provides cover for your EV, including your battery, charging cables and wall chargers in your home.