The most expensive and cheapest electric cars to insure

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Insuring an electric car costs anywhere from $2,400 to $6,400 a year, depending almost entirely on which model you drive. Budget-friendly EVs like the Fiat 500e, Hyundai Kona Electric, and Kia Niro EV sit at the low end, while luxury models like the Audi e-tron GT, BMW i7, and Mercedes-AMG EQS dominate the top of the list.

The gap comes down to repair costs. Luxury EVs are built with advanced electronics, high-performance parts, and complex battery systems that aren’t cheap to fix — and insurers price that risk into your premium. Mainstream EVs use simpler designs and more widely available parts, which keeps coverage affordable.

What are the most and least expensive electric cars to insure?

The Fiat 500e is the cheapest electric car to insure, averaging $2,447 per year. The Audi e-tron GT is the most expensive, at $6,413 per year — almost three times more expensive.

Insurance costs scale with the price and complexity of the vehicle. Budget-friendly EVs use simpler designs and widely available parts, keeping premiums low. Luxury EVs carry higher repair costs, advanced electronics, and specialized battery systems, which push premiums up.

Most expensive electric cars to insure by model

Luxury electric vehicles dominate the top of the list. The Audi e-tron GT leads at $6,413 per year, followed by the BMW i7 at $6,092 and the Mercedes-AMG EQS at $5,866. These models cost more to insure because they’re expensive to repair, built with advanced technology, and carry high replacement-part costs — all factors insurers weigh heavily when setting premiums.

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Table

Make	Model	Average annual premium
Audi	e-tron GT	$6,413
BMW	i7	$6,092
Mercedes-AMG	EQS	$5,866
Porsche	Taycan	$5,761
Porsche	Taycan Cross Turismo	$5,749
Lucid	Air	$5,701
Tesla	Model X	$5,462

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Least expensive electric cars to insure by model

The Fiat 500e is the cheapest electric car to insure at $2,447 per year, followed by the Hyundai Kona Electric at $2,544 and the Kia Niro EV at $2,654. All ten of the most affordable EVs to insure come in under $3,050 annually — well below the $3,708 average for electric vehicles overall.These models keep premiums low for the same reasons luxury EVs push them high, just in reverse: simpler designs, lower repair costs, and easier access to replacement parts. Without the complex electronics and high-end materials found in premium models, insurers face smaller potential claim payouts and pass those savings on through lower rates.

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Table

Make	Model	Average annual premium
Fiat	500e	$2,447
Hyundai	Kona Electric	$2,544
Kia	Niro EV	$2,654
Nissan	Leaf	$2,735
Toyota	bZ4X	$2,768
Chevrolet	Equinox EV	$2,772
Subaru	Solterra	$2,818
Mini	Countryman Electric	$2,824
Ford	Mustang Mach-E	$3,001
Nissan	Ariya	$3,040

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What companies offer electric car insurance?

Most major insurers cover electric vehicles, but what you’ll actually pay can vary quite dramatically. Travelers, for instance, can come in at around $1,900 a year in some states, while Allstate or Farmers can push past $6,000 in higher-cost areas. That gap has less to do with the insurer itself and more to do with where you live, which can shift your premium by thousands of dollars.

That’s why comparing quotes is important. Use the table below to see average rates by insurer and state, and find the most affordable option for your situation.

Why does electric car insurance cost more than gas vehicles?

Electric car insurance costs more than gas vehicle insurance for two main reasons: higher purchase prices and higher repair costs. On average, EVs cost $3,708 per year to insure compared to $3,037 for vehicles overall — a difference of roughly $670 annually.

The cost gap breaks down into three core factors:

• Higher vehicle prices. Most EVs carry a higher MSRP than comparable gas-powered models, which raises the potential payout on any claim.
• Specialized parts. EVs rely on large battery packs, electric motors, advanced sensors, and tightly integrated electronics — all expensive to replace.
• Specialized labor. Fewer repair shops are equipped to work on EVs, and the technicians can often charge more per hour.

Insurers price coverage based on two things: how likely a claim is and how much it will cost to settle. For EVs, the second number runs significantly higher, and that’s what shows up in your premium.

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How can you reduce your EV insurance costs?

The most effective ways to cut EV insurance costs are choosing a more affordable model, raising your deductible, and comparing quotes regularly. A mainstream EV can cost thousands less per year to insure than a luxury model, so the vehicle itself is often the biggest lever you have. From there, it’s about making smart decisions on your policy and knowing which discounts to ask for.

Here are some practical ways to reduce your premium:

• Bundle policies. Combining auto with home insurance, or insuring multiple vehicles together, can unlock multi-policy discounts worth exploring.
• Raise your deductible. Increasing from $250 to $500 can noticeably lower your premium, just make sure you can comfortably cover that cost if you do need to file a claim.
• Review your coverage annually. Rates shift more often than most people realise, so comparing quotes each year can surface better deals or give you something to negotiate with your current insurer.
• Ask about EV-specific discounts. Some insurers offer savings for electric or alternative-energy vehicles, so it’s always worth asking what’s available.
• Look into tax credits and incentives. Federal and state EV incentives can reduce your overall ownership costs, and many buyers are still making use of these credits as the market grows.

The smartest way to save on EV insurance? Pick the right car

The EV you pick has a bigger impact on your insurance costs than anything else — including discounts, deductibles, or which insurer you go with. Choosing a Fiat 500e over an Audi e-tron GT saves nearly $4,000 a year in premiums alone. Before you fall in love with a specific model, run an insurance quote on it. It’s the single biggest lever you have.

How to get electric car insurance

Getting insurance for an electric car works the same as insuring any other vehicle: compare quotes from multiple insurers, review your coverage options carefully, and choose a policy that fits your budget and driving needs. Here’s how to do it step by step.

1. Compare insurers. Start by identifying companies that offer competitive rates for electric vehicles in your area.
2. Get multiple quotes. Use online tools to compare pricing and coverage options side by side.
3. Check reviews and claims satisfaction. Look at customer feedback to understand how each insurer handles claims.
4. Choose the right coverage. Balance cost with protection, including liability, collision, and comprehensive coverage.
5. Provide your details. Share your personal information and vehicle details, including the VIN, to finalise your policy.
6. Purchase your policy. Make your payment and receive your insurance ID cards.

One extra thing to keep in mind: if you’re planning to install a Level 2 home charger, it’s worth checking with your home insurance provider to confirm the installation is covered and meets safety requirements.

Is an electric vehicle worth the expense?

An electric vehicle is worth the expense for drivers who commute regularly, have access to home charging, and plan to keep the car long enough to recoup the higher upfront cost through fuel and maintenance savings. For occasional drivers, rural residents with limited charging access, or buyers prioritizing lowest sticker price, a gas or hybrid vehicle often makes more financial sense.

An EV is likely worth it if you:

• Drive 10,000+ miles a year and can charge at home
• Plan to keep the car for at least 5–7 years
• Live in an area with reliable public charging
• Qualify for federal or state EV tax credits and incentives

A gas or hybrid may make more sense if you:

• Take frequent long road trips through areas with sparse charging
• Drive fewer than 7,000 miles a year
• Have no access to home or workplace charging
• Are working with a tight upfront budget

The math comes down to weighing the higher purchase price and insurance premiums (averaging $3,708 a year for EVs vs. $3,037 across all vehicles) against fuel savings, lower maintenance costs, and any tax credits you qualify for. Run the numbers for your actual driving habits before deciding.

Methodology

Insure.com commissioned Quadrant Information Systems to field auto insurance rates from major insurers across all U.S. states. The analysis includes quotes from 174 insurance companies grouped into 77 insurer groups, covering 1,549 vehicle make and model combinations, with more than 15 billion quotes analyzed across 29,159 cities and 34,595 ZIP codes.

Rates were calculated for 2025 model-year vehicles using a standardized driver profile. The sample driver is a 40-year-old male with a clean driving record, driving 10,000 miles annually with a 12-mile daily commute. Coverage was set at 100/300/100 liability limits with a $500 deductible for both collision and comprehensive coverage.

Based on this data, the national average premium is $3,037 per year for all vehicles and $3,708 annually for electric vehicles.

Alisha Ambre

 

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Alisha Ambre holds a Bachelor of Arts with honours in English Literature and Media Studies. She focuses on crafting clear, engaging content that makes complex information feel practical and approachable for everyday readers. When she’s not writing, she’s likely on the volleyball court or immersed in a good video game.