Does It Cost More To Insure An Electric Vehicle. The best way to save on electric car insurance is to shop for discounts. Based on current data, including figures from nimblefins and uswitch, we can see that electric car insurance, on average, tends to be higher than that of petrol.
This means that some of your fuel savings will be eaten up by higher insurance costs. But how does owning an electric or hybrid vehicle affect your car insurance rates?
According To A June 2022 Report By Getjerry, Electric Car Owners Can Expect To Pay Roughly $56 More Per Month To Insure Their Vehicles.
Some of the key factors that determine a carโs insurance group.
And A Tesla Model 3 Long Range.
According to data provided by the zebra, an insurance comparison website, a chevrolet bolt ev costs $78 more per year to insure than a hyundai ioniq blue, a hybrid.
That's Over $650 Extra Each.
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It Costs About 20% More To Insure An Electric.
Is it more expensive to insure an electric car?
Insurance Provider Admiral Publishes Regular Trackers On The Insurance Premiums Paid By Their Customers.
On average, car insurance for an electric car is about $337 per month, or $4,043 per year.
Thatโs Important Because, Since The Price Of The Car Affects The Price Of Insurance, Getting Coverage For Some Electric Cars Can Cost A Lot More Than For Traditional.
