How much is it to insure an electric car?

I'm planning on buying a more eco-friendly vehicle soon. How much will it be to get insurance?

Answer
The cost of insuring a hybrid or electric car is about the same as insuring a gas car.
The same factors that influence premiums for traditional vehicles apply to hybrids as well, like:
  • Your annual mileage
  • Where you park your vehicle (on the street vs. in a garage)
  • Your driving history
  • Your age
  • Your vehicle’s safety features
  • Your credit score (in some states)
  • The optional coverages you include
While insuring an EV is about the same, keep in mind that hybrid cars might cost more to repair in the event of a collision, so it’s important to be prepared!
To make sure you have the best coverage to protect your EV, use the Jerry app. Jerry compares rates from 50 of the top insurance providers and delivers the best deals to your phone in minutes. And the best part–Jerry does this for free.
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Miles Smith
Answered on Aug 30, 2021
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