If P&C Insurance, a risk insurance company, paid out more than €344,000 in claims for damage to electric vehicles last year, according to company representatives.
The number of insured electric vehicles has doubled compared to 2024.
The average payout for damage to electric vehicles last year was just over €1,000, while the largest single claim totaled €19,500. This claim was the result of a direct collision with a moose, causing significant damage to the vehicle’s body – including doors, side panels, and windows.
Data from If shows that the most frequently insured electric vehicle brands in Latvia are BMW, Volkswagen, and Tesla.
More than 50% of insured electric vehicles are up to two years classic, 38% are between three and five years old, 9% are between six and eight years old, and 3% are between nine and eleven years old.
If data indicates that electric vehicles are most often damaged in traffic accidents, including collisions with other vehicles. Scratches sustained in parking lots and damage from natural disasters, such as falling trees or hail during storms, are also common.
Like internal combustion engine vehicles, electric cars frequently sustain tire and wheel damage when hitting potholes – a situation particularly common in winter or spring when road conditions are obscured by thawing ice. Damage to tires and wheels can range from a few hundred to several thousand euros, depending on the vehicle’s make, tire size, and brand.
insurance claims for electric vehicles often involve windshield damage from flying stones and debris, with an increase observed in spring and summer when roads are not yet fully cleared or are undergoing seasonal repairs. Today, windshield replacement claims often exceed €1,000.
Last year, If also paid out claims for electric vehicle accidents in Lithuania, Estonia, Poland, Germany, and the Scandinavian countries.
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Rewritten Article:
If P&C Insurance reported paying over €344,000 in claims related to electric vehicle damage in the past year, signaling a growing trend in EV-related insurance payouts.
The insurer noted a doubling in the number of insured electric vehicles compared to 2024, reflecting the increasing adoption of EVs across the region.
The average claim for EV damage amounted to just over €1,000, though one particularly costly incident resulted in a €19,500 payout. This claim stemmed from a collision with a moose, causing extensive body damage including damage to doors, side panels, and windows.
According to If’s data, the most frequently insured EV brands are BMW, Volkswagen, and Tesla, indicating consumer preferences in the electric vehicle market.
The company’s portfolio shows a concentration of newer EVs, with over 50% being up to two years old. Approximately 38% are between three and five years old, 9% are six to eight years old, and 3% are nine to eleven years old.
If’s data reveals that the most common causes of EV damage are traffic accidents, including collisions with other vehicles. Damage from parking incidents and natural events, such as falling trees or hail, also contribute to claims.
Similar to traditional combustion engine vehicles, EVs are susceptible to tire and wheel damage from potholes, particularly during the winter and spring thaw when road conditions are less visible. Tire and wheel repairs can range from several hundred to several thousand euros, depending on the vehicle model and component specifications.
Windshield damage from road debris is another frequent claim, with an uptick observed during spring and summer months when roads are undergoing maintenance or haven’t been fully cleared. Windshield replacement costs often exceed €1,000.
If P&C Insurance processed claims for EV accidents not only in its home market but also in Lithuania, Estonia, Poland, Germany, and across Scandinavia last year.
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