EVsJalopnikabout 3 hours ago
Why EV Insurance Costs More And Is Dropping
1 min read
Electric vehicle insurance averages $3,159 per year, $941 more than gasoline models at $2,218, according to an Insurify analysis. Higher repair costs, expensive batteries, and instant torque acceleration drive premiums up. For 2024 model-year and newer EVs, the cost gap narrows to 18% from 42%.
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