Electric Shock: EVs Cost 23% More to Insure Than Gas-Powered Vehicles | Inurify
Electric vehicle owners may spend less on fuel for their vehicles, but they pay more for car insurance — a lot more.
Full-coverage car insurance for EVs averages $3,430 annually compared to $2,778 for gas-powered internal combustion engine (ICE) vehicles, according to a new report by Insurify.