EV Fire Insurance: What Every Owner Must Know in 2026
If your EV catches fire, Class 1 and Class 2+ insurance both cover it β regardless of cause (Thermal Runaway, electrical short, post-collision). Class 3+ does NOT cover fire. Under new OIC rules, battery depreciation drops from 100% in year 1 to 50% after 5+ years. For a 500K THB battery at year 5, you would receive only 250K β the rest is out of pocket. Set your insured sum high enough to cover a new battery, and verify Wallbox coverage is included. Always choose dealer repair (authorized service center) for EV fire claims. Paying slightly more for comprehensive EV-specific coverage protects you from six-figure surprises.
Before you decide, compare EV insurance from several insurers on our homepage β you will see premiums and coverage side by side.