Insurance costs shouldn’t be affected for garages working on EVs

Research found no specific insurance exclusions or cost implications for electric and hybrid vehicle servicing and repairs

Insurance costs shouldn’t be affected for garages working on EVs

The Independent Garage Association (IGA) has said garages won’t be hit with cost implications if they work on hybrid and electric vehicles.

An investigation commissioned by the IGA, prompted after a number of garages reported increased insurance costs, found no evidence that insurers hike up prices for businesses working with hybrid and electric vehicles.

Automotive insurance broker Gallagher contacted some the UK’s major motor trade insurance companies on behalf of the IGA and received responses from Allianz, Travelers, Axa, NIG, Aviva and Markerstudy stating that they have no specific exclusions in respect of electric/hybrid vehicles, nor are there cost implications.

An IGA spokesperson said: “Although there is no reason this class of vehicle should be excluded from policies bearing in mind their growing popularity, if an incident occurs while working on a hybrid/electric car you should expect your insurance provider to ask if the technician involved was qualified to work on that type of vehicle.

“If you have been told any different by your insurer, or have any further concerns, please call us on the direct member helpline.”

Gallagher provides MOT Loss of Licence cover as standard for RMI members with an authorised MOT centre taking out an Allianz insurance package, available to RMI members when you purchase an Allianz Motor Trade Policy from Gallagher via the RMI.

For further information about the IGA, select ‘more details’ below.

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