Do Electric Cars Have Lower Insurance Premiums in Singapore?
ironconcepts2024-12-27T10:32:56+00:00With the surge in electric car adoption, many Singaporeans are weighing the financial implications of owning one, including insurance premiums. While EVs are heralded as the future of mobility, their unique characteristics affect how insurers determine coverage costs. Misconceptions abound, with some believing that EV insurance is universally cheaper due to reduced maintenance, while others [...]