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Covéa Insurance plans to re-enter EV insurance market in 2025

By 2025-04-16T06:00:00

electric vehicles (3)

The underwriter first pulled back from insuring fully electric vehicles as part of its relationship with retailer John Lewis in 2023 after getting cold feet about repair costs

Covéa Insurance chief executive Georges de Macedo has confirmed to Insurance Times that the insurer will re-enter the electric vehicle (EV) insurance market in 2025 after initially halting the sale of new EV policies and renewals distributed through its partnership with retailer John Lewis in 2023.

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