120+ more*Quotes generated for Insurify users within the last 10 days. Last updated on October 16, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users within the last 10 days. Last updated on October 16, 2025. Actual quotes may vary based on the policy buyer’s unique driver profile.
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Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.
Jessica has been a contributor at Insurify since July 2023.
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Experienced personal finance writer
Background working with banks and insurance companies
Sarah enjoys helping people find smarter ways to spend their money. She covers auto financing, banking, credit cards, credit health, insurance, and personal loans.
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7+ years experience in data analysis
Ph.D. in Computational Biology
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
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Electrical vehicle (EV) insurance typically costs more than coverage for gas-powered vehicles, with drivers paying 49% more to insure an EV, according to Insurify data. Factors like higher purchase prices and repair costs contribute to the steeper insurance costs for EVs.
Here’s what you should know about EV car insurance, including how much it costs and step-by-step strategies to help you save on a policy.
On average, it costs $1,326 more per year to insure an electric vehicle than a gas-powered car.
EV batteries are one of the most expensive components to replace, ranging from $4,000 to $20,000, and can drive up insurance costs.[1]
The federal tax credit for new EVs ended Sept. 30, 2025, which may drive up the cost of EV ownership.
Insurify data shows that the national average insurance premiums for an EV are $4,058 per year, or $338 per month, compared to $2,732 per year, or $228 per month, for gas-powered vehicles. This cost discrepancy leaves EV drivers paying an extra $1,326 per year, or $110 per month, to insure their vehicle.
The following table highlights the difference in the annual cost of insurance premiums for popular EV vehicles compared to gas-powered vehicles.
Popular Electric Vehicles  | Average Annual Premium |
|---|---|
| Tesla Model X | $4,765 |
| Tesla Model 3 | $4,546 |
| Cadillac Lyriq | $3,752 |
| Hyundai Ioniq 5 | $3,503 |
| Chevrolet Bolt EUV | $2,657 |
Popular Gas-Powered Vehicles | Average Annual Premium |
|---|---|
| Audi Q5 | $2,915 |
| Mercedes-Benz A-Class | $3,592 |
| Cadillac XT5 | $2,671 |
| Hyundai Kona | $2,621 |
| Chevrolet Trax | $2,418 |
Insurance costs for electric vehicles also vary regionally due to differences in weather patterns, theft rates, and the number of EV drivers. For instance, EV insurance rates are higher in states like Arkansas, where tornadoes are common and few drivers own EVs.
But in states like New Jersey — where there are more EVs on the road — EV insurance may be more affordable.
See quotes from top insurers in minutes
The following table highlights some of the cheapest auto insurance quotes from top insurers offering coverage for electric vehicles.
Insurance Company | Liability Only | Full Coverage |
|---|---|---|
| COUNTRY Financial | $48 | $89 |
| Auto-Owners | $60 | $110 |
| USAA | $71 | $145 |
| State Farm | $78 | $164 |
| Mile Auto | $90 | $152 |
| NJM | $97 | $139 |
| Allstate | $99 | $200 |
| American Family | $108 | $216 |
| Erie | $120 | $179 |
| Commonwealth | $129 | $334 |
The cheapest insurance company for EVs isn’t always the best option. If you’re looking for a policy for your EV, Travelers, State Farm, and Mile Auto are a few of Insurify’s top picks.
| User Reviews | 4.7 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.5 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $99/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $186/mo |
Customers appreciate the insurer’s communicative customer service and efficient claims process. But they’re dissatisfied with the consistent and sometimes significant price increases, even for those with clean driving records.
Customers appreciate the insurer’s communicative customer service and efficient claims process. But they’re dissatisfied with the consistent and sometimes significant price increases, even for those with clean driving records.
Travelers has been in business for more than 170 years and offers special discounts for EV and hybrid drivers. The company also offers a range of auto insurance discounts, including multi-policy, continuous insurance, good student, and savings for driving a new car.
Clean-vehicle discount
Below-average number of complaints with the National Association of Insurance Commissioners (NAIC)
AM Best financial strength rating of A++ (Superior)
Below-average J.D. Power claims satisfaction rating
Certain discounts not available in all states
Rideshare coverage not available in all states
| User Reviews | 4.1 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $56/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $110/mo |
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
State Farm offers a wide range of insurance products and is the largest insurance company by market share. With the Drive Safe & Save program, you can save up to 30% on insurance for your EV by practicing safe driving habits. And if your EV is equipped with an alarm or anti-theft device, you can save with State Farm’s anti-theft discount.
Affordable EV insurance rates
Above-average J.D. Power claims satisfaction rating
AM Best financial strength rating of A++ (Superior)
Low Trustpilot rating
Gap coverage not available
Not accredited by the Better Business Bureau (BBB)
| User Reviews | 4.5 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.8 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $67/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $108/mo |
Drivers appreciate the quality service but find the rates high and claim processing slow.
Drivers appreciate the quality service but find the rates high and claim processing slow.
If you only drive your electric vehicle short distances, usage-based insurance, like Mile Auto, might help you save on coverage.
Mile Auto offers a pay-per-mile plan that helps drivers save up to 40% on their rate. You don’t need to install a telematics device. Instead, the company asks you to send in your odometer reading each month. You’ll pay for the miles you drive plus a low monthly base rate.
Affordable EV insurance rates
No telematics device
Low-mileage drivers can save 30% to 40% off current rates
Not available in all states
No J.D. Power scores
No discounts on website
Electric car insurance often includes the following auto coverage options:
Nearly every state requires liability insurance, which covers bodily injury and property damage liability if you’re at fault in an accident. Liability insurance doesn’t cover the cost to fix your vehicle or pay your medical bills.
Collision insurance helps pay for damages to your EV after a crash — even if it’s your fault, such as if you back up into a pole or hit a tree. Since EVs are often more expensive to repair than gas-powered vehicles, you might pay more for collision coverage.
Comprehensive insurance is part of a full-coverage insurance policy. It’s often a good choice for higher-value vehicles, like EVs. If your EV is involved in a non-collision event — like theft, vandalism, a hailstorm, or a tree falling on your car — comprehensive coverage helps protect you financially.
Uninsured/underinsured motorist coverage offers protection if you’re involved in an accident with a driver who doesn’t have insurance — or who doesn’t have enough coverage. It can also protect you in the event of a hit-and-run so you’re not stuck covering the cost of car repairs or medical bills.
The battery for your EV is typically one of the most expensive components to replace. To help protect your investment, some insurers offer specialized add-ons that cover the cost of battery replacement. This type of coverage may also protect the equipment you need to charge your EV, like charging cables and your home charging station.
Many EV insurers allow you to add roadside assistance coverage. This type of insurance offers protection in the event of a flat tire or dead battery. Coverage usually helps pay for certain types of services, like emergency tire changes or a tow to a repair shop.
The amount of coverage you need for your electric car depends on your state’s minimum coverage requirements — as well as your lender’s requirements if you finance. Since electric vehicles often come with a higher purchase price and are more expensive to repair than a gas or hybrid vehicle, you may also opt for higher liability limits.
For added protection, some additional coverages to consider as an EV owner include:[2]
Full-coverage insurance: This type of coverage includes collision and comprehensive coverage in addition to liability protection. Your lender may require it if you finance your electric vehicle.
Personal injury protection: Also known as PIP, some states require this insurance, which pays for injuries to you and your passengers. It can include medical payments, lost wages, and more.
Gap coverage: Gap insurance covers the gap between what you owe on your auto loan and what your insurance covers if you total your EV or someone steals it. If you lease or finance your vehicle, your lender might require this coverage.
OEM parts rider: You may need an original equipment manufacturer (OEM) add-on if you want to use factory parts for repairs.
Insurify data shows that EVs cost 49% more to insure than gas-powered vehicles, on average. Here are some of the key factors to help explain the difference in cost:
Higher MSRP: Electric vehicles are typically more expensive to purchase than gas-powered or hybrid vehicles. Higher prices can lead to higher premiums.
Higher repair cost: Electric vehicles may require specialized parts and labor, which can drive up the cost of repairs.
Battery replacement risk: The battery on an EV is one of the most expensive components to replace, ranging from $4,000 to $20,000.
Limited repair network: There aren’t as many dealerships or technicians who have the training and knowledge to do EV repairs. These shops can charge more for repairs.
Higher claim frequency among new EV drivers: Driving an EV is different from driving a gas-powered vehicle and takes some getting used to. Drivers who make the switch often have a higher collision risk — and more severe and frequent claims.[3]
Insurify partners with top insurers for real-time quotes
A range of factors can influence the cost of car insurance premiums, regardless of the type of vehicle you drive — including your location, age, gender, and driving history.
When you own an EV, some additional factors that may influence your rates include:
Since EVs are typically more expensive than gas or hybrid vehicles, they can be more expensive to repair or replace. This can drive up insurance costs, as many insurers use replacement coverage costs to help determine rates.
The battery in an EV is the most expensive component to replace. The battery represents up to 50% of the cost of the EV.[4]
Demonstrating safe driving behaviors through a telematics program can help lower your premiums.
Severe weather risks affect premiums for all vehicles, but since EVs tend to be more expensive to repair after weather-related damage, this can increase insurance costs.
Repair shops and technicians with specialized training to repair electric vehicles are scarce and tend to charge higher maintenance costs than conventional repair shops.
Electric vehicles equipped with high-quality safety features might qualify for a lower premium.
If you want to save on electric car insurance, you can take steps to reduce your premiums, including:[5]
Bundle insurance policies. Combining your auto insurance with homeowners or renters insurance can help you save.
Look into telematics and low-mileage programs. Telematics programs reward safe drivers with lower insurance premiums. If you’re a lower-mileage driver, you may qualify for a low-mileage savings discount.
Ask about EV-specific discounts. Some insurers offer special discounts for electric vehicles.
Raise your deductible. Raising your deductible (the amount you pay before your insurance kicks in) can help lower your insurance premiums.
Compare quotes at every renewal. Prices vary between insurance companies, so shop around to get at least three quotes before making a decision.
If you’re looking for more information about electric car insurance, check out answers to some of the most commonly asked questions below.
Yes. EVs are often more expensive to insure than gas or hybrid vehicles due to several factors, including higher vehicle value, higher repair costs, and a more limited network of repair shops and EV-trained technicians.
Insurance coverage requirements for electric vehicles are similar to those for gas-powered vehicles. Both types of vehicles require mandatory liability coverage in nearly every U.S. state. Optional coverages, like collision insurance and roadside assistance, are also the same. But EV insurance tends to be more expensive.
The Chevrolet Bolt EV is one of the cheapest EVs to insure, according to Insurify data. But electric vehicle insurance premiums depend on a variety of factors, including your age, gender, driving record, ZIP code, the cost of your EV, and the type and amount of auto insurance you purchase.
Usually, yes. Car insurance typically covers the cost to replace an EV battery if a covered event damages it. Or you can sometimes purchase optional coverage specifically designed to insure the battery and its charging equipment.
Insurify data scientists analyzed more than 90 million quotes served to car insurance applicants in Insurify’s proprietary database to calculate the premium averages displayed on this page. These premiums are real quotes that come directly from Insurify’s 500+ partner insurance companies in all 50 states and Washington, D.C. Quote averages represent the median price for a quote across the given coverage level, driver subset, and geographic area.
Unless otherwise specified, quoted rates reflect the average cost for drivers between 20 and 70 years old with a clean driving record and average or better credit (a credit score of 600 or higher).
Liability-only premium averages correspond to policies with the following coverage limits:
Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
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Jessica is a freelance writer, professional researcher, and mother of two rambunctious little boys. She specializes in personal finance, women and money, and financial literacy. Jessica is fascinated by the psychology of money and what drives people to make important financial decisions. She holds a Masters of Science degree in Cognitive Research Psychology.
Jessica has been a contributor at Insurify since July 2023.
Experienced personal finance writer
Background working with banks and insurance companies
Sarah enjoys helping people find smarter ways to spend their money. She covers auto financing, banking, credit cards, credit health, insurance, and personal loans.
Featured in
7+ years experience in data analysis
Ph.D. in Computational Biology
Konstantin has led data teams across multiple industries, including insurance, travel, and biology. He’s led Insurify’s engineering team for more than three years.
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