How much does it cost to insure an electric car?

While great for the environment, electric vehicles usually cost more to insure than standard gas-powered vehicles for a number of reasons, including a higher purchase price of the vehicle. The average cost of insuring an electric vehicle is about $137/month or $1,636 annually. You can lower your electric car insurance costs by shopping around for the best deal.

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UPDATED: Jun 22, 2022

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