- Joined
- Sep 2, 2019
- Messages
- 5,599
- Reaction score
- 3,889
What insurance on an electric vehicle costs in SA
Insurance on electric vehicles (EVs) in South Africa is costly compared to cars with internal combustion engines (ICEs), but premiums could decrease due to better safety features that can improve policyholders' driving histories.
That is according to Ernest North, co-founder of Naked Insurance, an online platform that lets South Africans take out insurance in minutes on their car, home, or other personal items using a mobile app and website.
North said Naked has recently recorded an increase in insurance quotes and policies sold on EVs.
Insurance on electric vehicles (EVs) in South Africa is costly compared to cars with internal combustion engines (ICEs), but premiums could decrease due to better safety features that can improve policyholders' driving histories.
That is according to Ernest North, co-founder of Naked Insurance, an online platform that lets South Africans take out insurance in minutes on their car, home, or other personal items using a mobile app and website.
North said Naked has recently recorded an increase in insurance quotes and policies sold on EVs.