The British Insurance Brokers’ Association and Novo insurance have launched a new motor insurance scheme specifically tailored for electric cars in the UK market. This new scheme addresses the current challenges faced by electric vehicle owners and brokers in obtaining comprehensive policy coverage.

Available to BIBA members, the scheme boasts a range of unique features, including like-for-like replacement mobility in the event of a claim and access to a UK wide EV repair network. There is also a partnership with a specialist EV claims management provider, ensuring expert support throughout the claims process.

Mike Hallam, BIBA head of technical services, commented: “Electric vehicles have rapidly gained popularity in recent years, presenting unique insurance challenges due to their advanced technology and specialist repair requirements. Traditional insurance policies often fall short in providing adequate coverage and support for EV owners and brokers, especially at the point customers need their policy the most, after an accident. This scheme will provide BIBA members with a solution for this growing sector of the market.”