- Traffic ViolationsAlthough electric cars haven't been around long enough to produce long-term accident data, in general, older drivers file fewer claims and cost insurance companies less money in payouts. Mature drivers are less likely than younger drivers to be involved in vehicle crashes caused by inexperience or speeding and other risky behaviors. In fact, reports published by the Centers for Disease Control and Prevention (CDC) show that young people between the ages of 15 and 24 account for about a third of the total costs of motor vehicle injuries.
- FraudYour auto insurance carrier should also know that your car is missing. This is a requirement of all car insurance companies. Your insurance carrier will need to confirm that your car is really missing, so don't be surprised if they sound as if they are treating you like a suspect. Lots of people commit insurance fraud by reporting their cars stolen when the vehicles aren't really missing.
- Property DamageLiability coverage is the most basic type of car insurance and it is required by most states. It provides you with financial protection if you cause an accident that results in injuries or property damage to others. This coverage includes two components: bodily injury liability and property damage liability. Bodily injury liability covers medical expenses and lost wages for injured parties, while property damage liability covers the repair or replacement costs of damaged property.