Electric cars vs gas cars - any difference in insurance costs?

[Jackson]

Will it cost different to insure an electric car versus a gas car? Or will the insurance depend on the age of the vehicle and the condition?

 

[Melissa]

The only difference is that insurance for an electric car will cost more than that of a conventional car. The main reason behind this is because electric cars are far more expensive and easy to damage than a car run by gas.

 

[Emily Park]

I don't think there is a difference. I think you may also get more back in return for driving an electric car. I know there are some incentives that are given for drivers who drive electric cars. Might just be a deal with a certain insurer, but I'm sure there are options that give back for driving electric over gas.

The only difference is that insurance for an electric car will cost more than that of a conventional car. The main reason behind this is because electric cars are far more expensive and easy to damage than a car run by gas.

Is that true? I am under the impression that electric cars are essentially the same in terms of how they're built, and what their built with. The only difference is the engine, or what runs the car. I can't imagine they are easier or tougher to damage than gas cars, I imagine it's about the same. Can you point me into an article/study that shows that to be true?

 

[McGraw]

Is that true? I am under the impression that electric cars are essentially the same in terms of how they're built, and what their built with. The only difference is the engine, or what runs the car. I can't imagine they are easier or tougher to damage than gas cars, I imagine it's about the same. Can you point me into an article/study that shows that to be true?

I did a little digging and it looks to be true. According to this site I found below, insurance for electric cars on average is about 25% more than gas cars. This means your insurance will likely go up if you do switch to an electric car. But, there are stuff like tax credits and other credits given for driving an electric car. You would just have to make the decision of whether or not, if it's worth going electric.

How Having an Electric Car Affects Your Auto Insurance Rates

The popularity of electric cars has grown based on the potential for environmental friendliness and reduction in fuel costs. What many people may not realize though is that they are costlier to insure than similar models that use gas. In this article, we explore just how much more expensive an...

www.valuepenguin.com

 

[maxrealestate]

You can expect to pay anywhere from 10% to 30% more for electric-powered vehicles. I think this is down to them not being standardized and posing a higher risk of damage costs in the event of an auto accident.