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Insurance On Electric Cars: What Buyers And Owners Need To Know

18 Jun 2023 | Abstracted from NASDAQ

"When buying a new electric or hybrid car, there is often no difference from regular gas-powered cars when taking out insurance coverage.

"...additional risk of insuring any type of EV model typically has nothing to do with the person driving the car, but more so with the cost factors involved in repairing and fixing a high-end electric car.

"...insurance costs for electric and hybrid vehicles can range from between $2,152 to $4,725 for the more high-end luxury EVs and hybrid cars..."



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