Electric Vehicle Charging Station Insurance: Cost & Quotes From $34/mo

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At least 500 to 1000 people sustain fatal electrical accidents. These electrical accidents are majorly caused by improper use of extension cords, lack of ground-fault protection, and lack of knowledge on how to use electrical appliances. 

The USA is going electric when it comes to automobiles. Many are now investing in an EV charging station business. But before you venture into this promising business industry, it would be wise if you acquaint yourself with the necessary precautions when it comes to safeguarding your EV charging station from unprecedented risks and losses. Read on to find out some of the electric vehicle charging station insurance policies that can be of great use to your business. And if you are wondering which add-ons you should add to these EV charger insurance policies to comprehensively provide coverage to your business, then worry not as we got you covered with in-depth answers.

General Liability Insurance for Electric Vehicle Charging Stations

CoverWallet  NEXT (Best) Thimble  Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $300,000/$1,000,000 $1,000,000/$2,000,000
Aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000 $1,000,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $100,000 $100,000 $5,000 $100,000 $1,000,000
Waiver of subrogation included? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No Excluded Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included


This business insurance policy protects your business from any financial consequences subjected to it in the event the use of products, services, or its operations causes third-party bodily injuries and property damages. 

Under this insurance policy, your EV charging station business is also protected from claims served to you by your competitors or other business entities, alleging that your business has caused them reputational harm or advertising injury.


Coverage Limits for General Liability Insurance for Electric Vehicle Charging Stations

It ranges from $1,000,000-$5,000,000. This coverage limit is dependent on the size, location, and approximate number of clients your EV charging station serves in a day.


Add-Ons for This Electric Vehicle Charging Station Insurance

  • Pollution liability insurance–This add-on provides you with financial aid in the event your EV charging stations cause gradual or sudden environmental degradation

  • Cyber liability coverage–If you record and store your EV charging stations’ customer data online, then we recommend that you purchase this add-on as you may use it in the event your EV charging stations’ network gets compromised following a cyberattack. Cyber liability insurance can be used to cover legal expenses, customer notification expenses, credit monitoring, and other related costs

Product Liability Insurance for Electric Vehicle Charging Stations

This EV charger insurance policy is a type of business insurance that protects you from third-party bodily injury and property damage liabilities that are caused by the use of a defective product that you sell, distribute, or manufacture. The costs covered under this policy include legal expenses and medical expenses.

In the event that the use of your product causes premature death to a third party, this policy will compensate the deceased’s named beneficiaries. It is important to note that your product recall costs and your employee’s injuries following the use of your product are not covered under this policy.


Coverage Limits for Product Liability Insurance for Electric Vehicle Charging Stations

It’s approximately $1,000,000-$10,000,000. The maximum amount an insurer will pay you under this EV charger insurance policy depends on your claims history, the risks associated with the use of the product you deal in, the location of your EV charging stations, and your business’s annual revenue.


Add-Ons for Product Liability Insurance for Electric Vehicle Charging Stations

  • Product recall insurance–This add-on exempts you from any financial losses in the event that you are ordered by your state’s law to recall the product you sell or manufacture from the market. Some of the costs covered under this add-on include costs of notifying your customers and disposing of your faulty or defective products

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Commercial Property Insurance for Electric Vehicle Charging Stations

CoverWallet NEXT (Best) Thimble The Hartford Hiscox
Building coverage limit (minimum) $50,000 $330,000 $25,000/$500,000 $60,000 $25,000
Contents coverage limit (minimum) $50,000 $35,000 $25,000/$500,000 $60,000 $15,000
Outdoor signs Excluded $2,500 Excluded Excluded Included
Accounts receivable  Excluded Excluded $5,000/$10,000 Excluded Included
Money and securities Excluded $2,500 $1,000 Excluded Included
Lock and keys  Excluded $2,500 Excluded Excluded Included
Business interruption floater Excluded Included Included Excluded Included
Equipment breakdown floater Excluded Included Excluded Excluded Included
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Excluded Excluded


This EV charger insurance policy protects you from incurring the costs of rebuilding and repairing damaged commercial buildings (both owned and rented) and the costs of replacing the physical assets destroyed in the insured commercial building. The insured perils under this policy are fire, theft, vandalism, wind, lightning, and hailstorms.


Coverage Limits for Commercial Property Insurance for Electric Vehicle Charging Stations

An insurance carrier will pay you $25,000-$500,000 when a covered peril happens. The location of your EV charging stations, the type of material used in the construction of your commercial building, and the measures you have put in place to protect your physical assets from the insured perils are some of the factors an insurer will use to determine your coverage limit under this policy.


Add-Ons for Commercial Property Insurance for Electric Vehicle Charging Stations

  • Terrorism insurance coverage–This add-on covers you from all the financial losses your EV charging station is subjected to following a terrorist attack

  • Earthquake insurance coverage–Under this add-on, you are protected from incurring the costs of rebuilding your building and repairing or replacing the physical assets found in the damaged building following an earthquake

Business Owner’s Policy for Electric Vehicle Charging Stations

CoverWallet NEXT (Best) Thimble  The Hartford Hiscox
General liability aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000
Commercial property coverage limit  $50,000 $330,000 $25,000/$500,000 $75,000 $75,000
Optional policies can be added? Yes Yes Yes Yes Yes
Name additional insureds for free? Yes Yes Yes Yes Yes
BOP discount? Yes Yes Yes Yes Yes


This is a commercial insurance policy that merges three insurance policies into one. The 3 policies that make up the BOP for electric vehicle charging stations are business interruption insurance, commercial property insurance, and general liability insurance. Under the BOP for electric vehicle charging stations, your business is protected from the following claims and costs:

  • Copyright infringement lawsuits

  • Reputational harm claims

  • Advertising injury claims

  • Costs of repairing and replacing your commercial buildings and the contents in it

  • Loss of income and inability to pay your employees and pay rent following the disruption of the operations of your income-generating activities

Coverage Limits for Business Owner’s Policy for Electric Charging Stations

It ranges between $500,000-$1,000,000 for the general liability policy and $25,000-$50,000 for the commercial property policy. This coverage limit is not fixed. You can have your chosen insurance provider increase or decrease it depending on your electric vehicle charging stations’ needs.


Add-Ons for Business Owner’s Policy for Electric Charging Stations

  • Customer property coverage–This can be used to reimburse the customer if his or her property got damaged or lost due to theft, fire, vandalism, and other covered perils while under your care, custody, and control

  • Employee dishonesty insurance–This add-on compensates you for any financial losses you may be subjected to due to your employee’s dishonest acts such as stealing from your business or engaging in fraudulent acts

Tools and Equipment Insurance for Electric Vehicle Charging Stations

NEXT  Thimble Hiscox The Hartford
Aggregate limit $3,000/$10,000 $2,500/$5,000 $15,000/$25,000 $5,000-$10,000
Covers hired and borrowed equipment? $3,000/$10,000 $2,500/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0


This policy is sometimes referred to as contractors equipment insurance. Upon the acquisition of this policy, your insurer provides you with financial aid in the event the tools and equipment you use for your EV charging stations operations get stolen, lost, or damaged by fire and adverse weather conditions such as windstorms. 

The financial aid your insurer is expected to provide you with under this policy includes, repair and replacement costs, loss of income, and losses incurred due to a delay in the completion of a project following the occurrence of the insured peril. Below is a list of the items covered under this EV charger insurance policy:

  • Clothing and protective gear

  • Hand tools e.g chisels and wrenches

  • Heavy machinery such as bulldozers

  • Miscellaneous equipment such as ladders and toolboxes

  • Power tools 

Coverage Limits for Tools and Equipment Insurance for Electric Vehicle Charging Stations

An insurer will pay you a minimum of $700-$10,000 as the coverage limit for each of the insured tools and equipment. The market value, the risks associated with the use of the tools and equipment, and the deductibles and coinsurance under this policy determine the maximum amount an insurer will pay you in the event your insured tools and equipment get lost or damaged by an insured peril.


Add-Ons for Tools and Equipment Insurance for Electric Vehicle Charging Stations

  • Earthquake insurance–If your EV charging stations are located in earthquake-prone states such as Wyoming, Utah, Nevada, Oregon, South Carolina, Idaho, Illinois, and Kentucky, then we recommend that you purchase this tools and equipment insurance add-on as it will protect you from incurring any costs of repairing or replacing your tools and equipment

  • Flood insurance–This add-on confers you with financial immunity in the event your EV charging stations’ tools and equipment are destroyed or damaged by floods

Commercial Auto Insurance for Electric Vehicle Charging Stations

This insurance exempts you from any financial liability you may be subjected to in the event your commercial vehicle gets hit or hits another object or vehicle. Under this policy, your family members, the passengers traveling in your commercial car and you are covered from incurring any medical expenses following an accident. 

It also protects you from third-party liability claims such as bodily injuries and property damages.  This policy doesn’t provide coverage to rented, leased, or non-owned vehicles that you use for your business operations.


Coverage Limits for Commercial Auto Insurance for Electric Vehicle Charging Stations

It’s from $50,000-$1,000,000. The deductibles and exclusions under this policy directly determine the coverage limits an insurer will pay you in the event you issue them with a claim notice.


Add-Ons for Commercial Auto Insurance for Electric Vehicle Charging Stations

  • Roadside assistance coverage–In the event your car breaks down or gets disabled while on the road and you are required to foot the costs of towing it or repairing it, then you can use this 

  • Engine protection insurance–This add-on provides you with financial aid in the event your commercial car’s engine gets damaged by an insured peril

Excess Liability Insurance for Electric Vehicle Charging Stations

This policy provides you with extra financial protection in the event your primary or base insurance coverage limits get exhausted. For example, if your primary insurance has a limit of $500,000 and you are required to pay $1,000,000 after the occurrence of an insured risk, then you can use excess liability insurance to offset the deficit that hasn’t been covered by your primary policy. 


Coverage Limits for Excess Liability Insurance for Electric Charging Stations

The coverage limits under this policy can range between $1,000,000-$10,000,000. The location of your EV charging station, the approximate number of clients you get in a day, and the risks your business is exposed to are some of the determining factors.


Workers Compensation Insurance for Electric Vehicle Charging Stations

It’s commonly referred to as workers comp. This insurance policy protects you from any financial losses in the event your employee demands you compensate them for lost wages and medical expenses arising from a job-related illness or injury. 

Workers comp also provides your employees with disability and amputation benefits and also death benefits to the named beneficiaries. In the USA, only two states don’t require employers to purchase this insurance policy.

Independent contractors are also not mandated by the civil law to purchase workers comp insurance. Important to note is that employers and NOT employees pay for this insurance policy. 

Your employees also benefit from this insurance policy regardless of who is at fault. In the event your employee accepts to be compensated under this policy, they automatically lose their civil rights to sue you for any acts of negligence that might have caused them occupation-related injury or sickness.


Coverage Limits for Workers Comp Insurance for Electric Vehicle Charging Stations

There are no set coverage limits on how much your chosen insurance carrier will pay you in the event you issue them with a claim notice upon the occurrence of the insured peril as defined under this policy.


Add-Ons for Workers Comp Insurance for Electric Vehicle Charging Stations

  • Employer’s liability insurance–Employer’s liability coverage can be added to workers comp so that you enjoy coverage for legal expenses in case employees file a lawsuit for negligence following the occurrence of a work-related injury or disease

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Electric Vehicle Charging Station Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $51 $612 $0-$500
Pollution liability insurance $55 $660 $500-$1,000
Excess liability insurance $57 $684 $500-$1,000
Commercial property insurance $61 $732 $1,000-$2,000
Business owner’s policy $112 $1,344 $1,500
Tools and equipment insurance $58 $696 $500-$1,000
Commercial auto insurance $69 $828 $500-$1,000
Workers compensation insurance $82 $984 $2,500-$5,000


The average electric vehicle charging station insurance cost is $51 per month or $612 per year for a $1 million general liability insurance. Factors that affect the cost of premiums are claims history, business history, policy limits, deductibles, revenues, location, and number of employees. Here’s a table giving you a further idea about the cost of  EV charger insurance by outlining the rates of the best companies for a $1 million general liability coverage. 

Cost per Month Cost per Year Best for
NEXT $29 $348 Best overall; Fastest general liability insurance for EV charging stations
CoverWallet $33 $396 Comparing EV charger insurance quotes online
The Hartford $36 $432 Established electric vehicle charging stations which are equipped with high-priced equipment and which provide services to high-cost electric vehicles
Tivly $38 $456 Comparing EV charger insurance quotes over the phone
Thimble $41 $492 Electric vehicle charging stations who are in need of on-demand or temporary insurance coverages
Hiscox $43 $516 Electric vehicle charging stations which are located in high-risk areas

Compare Cheap Electric Vehicle Charging Station Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Electric Vehicle Charging Station Insurance Companies

Below is a list of the best electric vehicle charging station insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance.


NEXT Electric Vehicle Charging Station Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for EV charging stations

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any

NEXT is a privately owned insurance company that’s led by Guy Goldstein. The AM Best has rated this 100% digitally operated insurance company an A-. It specializes in providing its affordable and customizable insurance coverages to small-scale companies and self-employed business owners.

Best for: Best overall; Fastest general liability insurance for EV charging stations 

Average cost: $29 per month

Our rating: 10/10


CoverWallet Electric Vehicle Charging Station Insurance

Pros

  •  Its policies are competitively priced

  • Its platform is not complicated, making it easy to use for both veteran and newbie policyholders

  • You can use it to compare the different coverages as provided by its partner providers

Cons

  • Not an actual insurance carrier

CoverWallet is an online insurance broker that aggregates cost-effective insurance policies from reputable insurance carriers. This B-rated insurance agent works with Liberty Mutual, CNA, AMTrust, Berkshire Hathaway, Progressive, Chubb, and Hiscox to provide its clientele with free and fast quotes and more than 30 types of online purchasable and manageable insurance policies.

Best for: Comparing EV charger insurance quotes online

Average cost: $33 per month

Our rating: 10/10


The Hartford Electric Vehicle Charging Station Insurance

Pros

  • Renowned company for workers comp insurance

  • Can underwrite specialized policies for high-risk customers

  • Quick to process claims 

Cons

  • Limited add-ons to base policies 

The Hartford is a renowned company for workers comp and has garnered a lot of awards. Its unmatched customer services and its ability to provide its customers with both insurance coverages and financial services have made it to be ranked number 142 on the Fortune 500 list.

Best for: Established electric vehicle charging stations which are equipped with high-priced equipment and which provide services to high-cost electric vehicles

Average cost: $36 per month

Our rating: 10/10


Tivly Electric Vehicle Charging Station Insurance

Pros

  • Compare quotes over the phone

  • A partner of many reputable insurance companies

  • It deals with multiple customizable business insurance policies

Cons

  • You need to call to get a quote 

This A+ AM Best rated digital insurance agency was known as CommercialInsurance.net until in November of 2022 when it was rebranded as Tivly. Its headquarters are located in St. Petersburg, Florida. Despite not underwriting its insurance policies, Tivly facilitates its clientele with the acquisition of easy-to-apply business insurance policies at a speedy rate. Call now to compare quotes over the phone. 

Best for: Comparing EV charger insurance quotes over the phone 

Average cost: $38 per month

Our rating: 9/10


Thimble Electric Vehicle Charging Station Insurance

Pros

  • You can purchase general liability insurance as a short-term policy

  • Numerous add-ons to general liability insurance

  • Quickly issues an estimate of your rates

Cons

  • You can’t reach customer service by calling 

Over the years, this AM Best A rated insurance company has provided its customers with flexible, scalable, fast, and efficient insurance coverages and free quotes. Despite being backed by the Markel Insurance Company, Thimble has demonstrated its efficiency by providing its customers with multiple coverages that can span from an hour to a day depending on the needs of the customers, something that most insurers don’t do.

Best for: Electric vehicle charging stations who are in need of on-demand or temporary insurance coverage

Average cost: $41 per month

Our rating: 8/10


Hiscox Electric Vehicle Charging Station Insurance

Pros

  • 14-day money-back guarantee

  • Worldwide coverage

  • Numerous add-ons to base policies

Cons

  • Online quoting is not available all the time due to periodic site maintenance

The AM Best has rated Hiscox as an A+ grade insurance company. This internationally recognized insurance carrier has its headquarters located in Bermuda, United Kingdom. Its insurance coverages are found in all the states of the USA except in Alaska. Over the past 100 years, Hiscox has continued to provide its customers with easy to apply, purchase and claim personal and business insurance policies

Best for: Electric vehicle charging stations which are located in high-risk areas

Average cost: $43 per month

Our rating: 8/10

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