EV Insurance Cost Guide
Annual insurance estimates for 30 electric vehicles — sortable by cost, brand, and vs. gas car premium. Estimates based on Bankrate and NerdWallet published averages for a 35-year-old driver with good credit and a clean record.
5 Cheapest to Insure
#1
Nissan LEAF
40 kWh
$1,180/yr
8% less than gas
#2
Mazda MX-30
$1,240/yr
6% less than gas
#3
Chevrolet Bolt EV
$1,290/yr
5% less than gas
#4
Toyota bZ4X
$1,310/yr
4% less than gas
#5
Subaru Solterra
$1,340/yr
2% less than gas
5 Most Expensive to Insure
#1
Tesla Model S Plaid
$3,890/yr
42% more than gas
#2
Tesla Model X Plaid
$3,720/yr
38% more than gas
#3
Lucid Air Grand Touring
$3,650/yr
45% more than gas
#4
Rivian R1T Adventure
$3,420/yr
35% more than gas
#5
Rivian R1S Adventure
$3,380/yr
33% more than gas
| Vehicle ↕ | Est. Annual Premium ↑ | Range | vs Gas Car ↕ | Tier | MSRP ↕ |
|---|---|---|---|---|---|
Nissan LEAF 40 kWh | $1,180 $98/mo | $950 – $1,420 | -8% | Low | $28,040 |
Mazda MX-30 | $1,240 $103/mo | $1,000 – $1,490 | -6% | Low | $33,470 |
Chevrolet Bolt EV | $1,290 $108/mo | $1,040 – $1,550 | -5% | Low | $26,500 |
Toyota bZ4X | $1,310 $109/mo | $1,050 – $1,570 | -4% | Low | $44,765 |
Subaru Solterra | $1,340 $112/mo | $1,080 – $1,610 | -2% | Low | $44,995 |
Chevrolet Equinox EV | $1,380 $115/mo | $1,100 – $1,660 | -3% | Low | $34,995 |
Mini Cooper SE | $1,390 $116/mo | $1,120 – $1,670 | -1% | Low | $29,900 |
Honda Prologue | $1,410 $118/mo | $1,130 – $1,690 | -2% | Low | $47,400 |
Volvo EX30 | $1,460 $122/mo | $1,170 – $1,750 | 0% | Low | $34,950 |
Volkswagen ID.4 Pro | $1,490 $124/mo | $1,200 – $1,800 | 0% | Moderate | $38,995 |
Hyundai IONIQ 6 SE RWD | $1,540 $128/mo | $1,250 – $1,850 | +2% | Moderate | $38,615 |
Chevrolet Blazer EV | $1,580 $132/mo | $1,280 – $1,900 | +4% | Moderate | $44,995 |
Kia EV6 Light RWD | $1,580 $132/mo | $1,280 – $1,900 | +3% | Moderate | $42,600 |
Hyundai IONIQ 5 SE RWD | $1,620 $135/mo | $1,300 – $1,950 | +5% | Moderate | $41,450 |
Ford Mustang Mach-E RWD | $1,660 $138/mo | $1,350 – $2,000 | +5% | Moderate | $42,995 |
Kia EV9 Light RWD | $1,720 $143/mo | $1,380 – $2,060 | +8% | Moderate | $54,900 |
Ford F-150 Lightning Pro | $1,820 $152/mo | $1,450 – $2,190 | +10% | Moderate | $49,995 |
Tesla Model Y RWD | $1,940 $162/mo | $1,550 – $2,350 | +10% | Moderate | $43,990 |
Tesla Model 3 RWD | $1,980 $165/mo | $1,600 – $2,400 | +12% | Moderate | $40,240 |
Tesla Model Y Long Range | $2,290 $191/mo | $1,850 – $2,750 | +16% | High | $50,990 |
Tesla Model 3 Long Range | $2,340 $195/mo | $1,900 – $2,800 | +18% | High | $47,240 |
BMW i4 eDrive40 | $2,420 $202/mo | $1,950 – $2,900 | +20% | High | $57,400 |
BMW iX xDrive50 | $2,680 $223/mo | $2,100 – $3,200 | +25% | High | $87,100 |
Audi e-tron GT | $2,810 $234/mo | $2,200 – $3,400 | +28% | High | $106,395 |
Mercedes EQS 450+ | $2,930 $244/mo | $2,300 – $3,500 | +30% | High | $104,400 |
Rivian R1S Adventure | $3,380 $282/mo | $2,700 – $4,000 | +33% | Very High | $75,900 |
Rivian R1T Adventure | $3,420 $285/mo | $2,800 – $4,100 | +35% | Very High | $71,700 |
Lucid Air Grand Touring | $3,650 $304/mo | $2,900 – $4,400 | +45% | Very High | $138,000 |
Tesla Model X Plaid | $3,720 $310/mo | $3,000 – $4,400 | +38% | Very High | $109,990 |
Tesla Model S Plaid | $3,890 $324/mo | $3,200 – $4,600 | +42% | Very High | $104,990 |
Estimates for a 35-year-old driver, good credit, clean record, full coverage. Actual rates vary significantly by age, driving record, ZIP code, and insurer. Click any insurer to compare real quotes.
Compare Real Quotes for Your EV
Estimates above are averages. Your actual rate depends on your ZIP, age, driving record, and coverage limits. Compare quotes from multiple insurers to find the best rate.
How to Lower Your EV Insurance
Increase your deductible
Raising from $500 to $1,000 can cut premiums 10–20%. Only do this if you have emergency savings to cover it.
Bundle home + auto
Most insurers offer 5–15% multi-policy discounts. If you own a home or rent, bundling almost always pays.
Use telematics / usage-based insurance
EVs are ideal for telematics programs (State Farm Drive Safe, Progressive Snapshot). EV owners tend to drive conservatively and score well.
Shop annually
EV insurance rates have been dropping as insurers gain data. Shopping every renewal can save $200–500/year versus staying with your current insurer.
Ask about EV-specific discounts
Some insurers (Tesla Insurance, Lemonade) specialize in EVs and can offer 15–30% lower rates than traditional insurers.
Maintain a good credit score
In most states, credit score is one of the strongest predictors of insurance rates. A 50-point credit score improvement can reduce premiums 10–15%.