I’ve just spent a small fortune on a new EV, and everyone keeps reassuring me that I’ll save more in the long run. How much money will an electric car actually save me?
Reviewed by Shannon Martin, Licensed Insurance Agent.
Most people find the ticket price of EVs to be a little steep. However, most of the money comes back in savings, with electric car owners saving $4,700 on fuel alone over the first seven years.
Operating expenses are where you’ll find the most savings. According to a Consumer Reports study,
owners spend 60% less to recharge than vehicles spend on fuel. Factors like cheaper fuel and less maintenance will help to put some of the money from the initial costs back in your pocket.
can help you save even more by helping you secure the cheapest car insurance. The average Jerry user saves over $800 a year on car insurance.
It’s this simple: download the Jerry app or go to getjerry.com. In less than 45 seconds, Jerry collects all of your information from your existing insurer. Choose from competitive quotes sourced from 55+ top insurance companies, and Jerry takes care of the rest—securing your new policy and helping you cancel your old one.
No long forms. No calling around. No hard work. Just savings.
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.