Last update: Sun Jun 09 2019
Many freshly-minted or experienced EV owners are getting quotes that are way higher than for similarly-valued ICE cars, while others are getting quotes that are way lower. So is electric cars' auto insurance more expensive than similarly-priced gas cars?
The partially higher quotes is because they are still a "new" phenomenon for mainstream auto insurance companies and many agents at insurance companies don't YET know how to properly value them. There is nothing inherently more expensive about electric cars to insure. In fact, they are often and should also be cheaper.
This is why we started electrade – to break down this barrier to entry for electric car adoption even further. More here. We make it easier to find cheaper insurance for your electric car with our by being the first EV-only insurance service. If you want to shop around on your own however, please find below our top 3 pieces of advice we've learned in the field.
You shouldn't be paying more. You should be paying the same – or less – in 2019.
Not everyone knows electric vehicles yet. Know the benefits of insuring an electric vehicle, like better driver-assist features, lower center of gravity, better handling in bad conditions, so far demographically safer drivers, and many other upsides. Factors include:
Try every single company and don't stop until you have a satisfactory quote. Go down the list of all top US insurers in the article linked below, and contact us if one is missing. All you need is one good quote, and a little busywork can save you large amounts of money in the long run. Also, re-negotiate your deal every time your auto insurance policy runs out. Alternatively, we can do this part for you – see below.
The agent you get on the line, the state you are in, and the company will all vary, even for the same driver, vehicle, history etc. But these common factors all have an influence.
Implementing the 3 steps above, our agents and technology can shop around all insurance companies available in your area so we can get a better quote for you.
Thank you for reading, and thank you for supporting the electification of transport. ⚡️