EV insurance -VRT rebate/SEAI grant

daheff · 14-11-2018 06:31PM #1

Hi

One question that I've been considering when thinking about an EV:

If I buy a new EV and avail of the VRT & SEAI grant, when I go to insure my car, should I insure the value net of grants or gross?

I guess while grants are still in force making an insurance claim including VRT/SEAI would leave me in a better position than I was prior to buying the car??

But what if grants are taken away mid way through an insured year and car is stolen/written off etc? If i haven't insured those amounts then I'm out of pocket.

Appreciate this really only applies to the first year (or maybe 2) of a new cars life.

sorry if this is rambling a bit.

Gumbo · 14-11-2018 06:47PM

You’ll still get market value

unkel · 14-11-2018 09:24PM

With any decent comprehensive insurance policy, if your brand new car is written off during the first year, the insurance company will replace it with a brand new one (or pay you to do so)

daheff · 17-11-2018 07:52PM

unkel wrote: »

With any decent comprehensive insurance policy, if your brand new car is written off during the first year, the insurance company will replace it with a brand new one (or pay you to do so)

But don't you need to put a value in that? insurance cos usually pull all the tricks to minimise their payouts.

DesperateDan · 18-11-2018 02:06AM

I would imagine not because really those grants don't involve Joe public. So if your 40kwh Leaf is written off then you'll either get a new Leaf or get what you paid for it. If they remove that grant/rebate there's going to be a window where you may be in trouble, but by that time the EV market should be stable enough that it's not so much of a problem (the 40kwh Leaf will never literally cost someone 43k)

cillo2000 · 01-12-2018 12:13AM

So the SEAI say they give grants to new EVs.... The revenue considers cars under 6 months old as 'new' in the VRT process. I know it would be practically impossible, but legally I wonder could you pick an ev grant in the UK and then again when you import the EV into the ROI?

unkel · 01-12-2018 12:53AM

Nope. SEAI grant in Ireland is only for brand new cars bought and registered in Ireland first. You don't get the grant, the dealer does.

EV insurance -VRT rebate/SEAI grant

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