CarInsurance.com Insights
- Electric vehicles and hybrids are typically more expensive to insure than gas-powered vehicles.
- EVs and hybrids have higher sticker prices, are more costly to repair and have expensive batteries.
- Insurance rates for electric vehicles and hybrids vary dramatically between insurers, so it pays to shop around regularly for coverage.
EVs, hybrids and plug-in hybrids can frequently be seen on American roads. While car insurance for these vehicles can be more expensive than insurance for gas-powered vehicles, the difference is not as big as you may think.
In some cases, the difference in annual premiums may be as little as $100, which can be easily made up in fuel savings over time.
How much does car insurance cost for a hybrid?
Annual full coverage car insurance for a hybrid ranged from $2,128 for a Kia Niro Hybrid to $4,584 for a Chevrolet Corvette E-Ray.
“Based on my insurance industry experience, hybrids typically cost 5% to 10% more to insure than conventional vehicles but less than pure electric vehicles,” says personal finance expert Andrew Lokeanuth.
A hybrid vehicle has a gasoline engine and an electric motor. It operates as an electric vehicle under certain conditions, and the gas-powered motor kicks in when necessary. The Toyota Prius is probably the best-known example of a hybrid, but most automakers have at least a few hybrids in their lineup.
Like internal combustion vehicles, the cost to insure a hybrid can vary dramatically depending on the car. Insurers consider various factors, including the vehicle’s price, repair costs, safety features and personal risk factors.
What are the cheapest hybrids to insure?
The Kia Niro Hybrid, Ford Escape Hybrid, Honda CR-V Hybrid, Toyota RAV4 Hybrid and Kia Sportage Hybrid are the five cheapest hybrids to insure with annual premiums ranging from $2,128 to $2,218 for a full coverage policy.
The table below shows the cheapest hybrids to insure and their monthly, biannual and annual full coverage car insurance rates.
| Make model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Kia Niro Hybrid | $2,128 | $1,064 | $177 |
| Ford Escape Hybrid | $2,163 | $1,082 | $180 |
| Honda CR-V Hybrid | $2,164 | $1,082 | $180 |
| Toyota RAV4 Hybrid | $2,189 | $1,094 | $182 |
| Kia Sportage Hybrid | $2,218 | $1,109 | $185 |
| Toyota Corolla Cross Hybrid | $2,218 | $1,109 | $185 |
| Toyota Venza | $2,240 | $1,120 | $187 |
| Toyota Highlander Hybrid | $2,328 | $1,164 | $194 |
| Hyundai Tucson Hybrid | $2,347 | $1,174 | $196 |
| Kia Sorento Hybrid | $2,407 | $1,204 | $201 |
| Toyota Prius | $2,415 | $1,207 | $201 |
| Hyundai Santa Fe Hybrid | $2,460 | $1,230 | $205 |
| Lexus UX | $2,490 | $1,245 | $208 |
| Toyota Grand Highlander Hybrid | $2,515 | $1,258 | $210 |
| Jeep Wrangler 4xe Hybrid | $2,608 | $1,304 | $217 |
| Toyota Prius Prime | $2,666 | $1,333 | $222 |
| Lexus NX Hybrid | $2,668 | $1,334 | $222 |
| Mitsubishi Outlander Hybrid | $2,671 | $1,336 | $223 |
| Lexus RX Hybrid | $2,725 | $1,363 | $227 |
| Dodge Hornet Hybrid | $2,741 | $1,371 | $228 |
| Toyota Tundra Hybrid | $2,755 | $1,377 | $230 |
| Mazda CX-90 Hybrid | $2,784 | $1,392 | $232 |
| Toyota Crown | $2,871 | $1,435 | $239 |
| Jeep Grand Cherokee 4xe Hybrid | $2,879 | $1,439 | $240 |
| Lexus ES Hybrid | $2,951 | $1,476 | $246 |
| BMW X5 | $3,369 | $1,685 | $281 |
| Porsche Cayenne Turbo E-Hybrid | $4,074 | $2,037 | $339 |
| Chevrolet Corvette E-Ray | $4,584 | $2,292 | $382 |
How much does car insurance cost for an EV?
Based on the models we analyzed, the average yearly cost of electric car insurance ranges from $2,099 to $5,648.
The cheapest EVs to insure are smaller, compact vehicles with a reasonably low (for an EV) starting price. Compact cars are more affordable to insure, regardless of whether the engine under the hood runs on electricity or gas.
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What are the cheapest EVs to insure?
The cheapest electric vehicle to insure is the Mini Cooper Electric, with an annual premium of $2,099. The second-cheapest EV to insure is the Kia Niro EV, with a yearly premium of $2,239. It is followed by the Hyundai Kona Electric, at $2,276, and the Volkswagen ID.4, at $2,318. These EVs have a starting price ranging from about $32,000 to around $41,000. The Nissan Leaf rounds out the top five with an annual premium of $2,396. This EV has a starting price of just over $28,000, making it one of the least expensive EVs on our list.
See the rates for the cheapest EVs in the table below.
| Make model | Annual rates | Six-month rates | Monthly rates |
|---|---|---|---|
| Mini Cooper Electric | $2,099 | $1,050 | $175 |
| Kia Niro EV | $2,239 | $1,120 | $187 |
| Hyundai Kona Electric | $2,276 | $1,138 | $190 |
| Volkswagen ID.4 | $2,318 | $1,159 | $193 |
| Nissan Leaf | $2,396 | $1,198 | $200 |
| Chevrolet Silverado EV | $2,452 | $1,226 | $204 |
| Subaru Solterra | $2,647 | $1,324 | $221 |
| Toyota bZ4X | $2,699 | $1,350 | $225 |
| Audi Q4 e-tron | $2,711 | $1,355 | $226 |
| Hyundai Ioniq 5 | $2,721 | $1,360 | $227 |
| Ford F-150 Lightning | $2,743 | $1,372 | $229 |
| Kia EV6 | $2,850 | $1,425 | $238 |
| Ford Mustang Mach-E | $2,851 | $1,426 | $238 |
| Volvo XC40 Recharge | $2,853 | $1,426 | $238 |
| Mercedes-Benz EQB | $2,879 | $1,440 | $240 |
| Chevrolet Blazer EV | $2,890 | $1,445 | $241 |
| Hyundai Ioniq 6 | $2,929 | $1,465 | $244 |
| Cadillac LYRIQ | $2,985 | $1,492 | $249 |
| Genesis Electrified GV70 | $3,006 | $1,503 | $251 |
| Jaguar I-Pace | $3,054 | $1,527 | $254 |
| Nissan Ariya | $3,059 | $1,529 | $255 |
| Kia EV9 | $3,064 | $1,532 | $255 |
| Toyota Mirai | $3,064 | $1,532 | $255 |
| Volvo C40 Recharge | $3,139 | $1,569 | $262 |
| Genesis GV60 | $3,172 | $1,586 | $264 |
| Audi Q8 e-tron | $3,295 | $1,647 | $275 |
| Polestar 2 | $3,367 | $1,683 | $281 |
| Tesla Model 3 | $3,466 | $1,733 | $289 |
| Tesla Model Y | $3,529 | $1,765 | $294 |
| Mercedes-Benz EQE SUV | $3,639 | $1,819 | $303 |
| Genesis Electrified G80 | $3,646 | $1,823 | $304 |
| BMW i4 | $3,726 | $1,863 | $310 |
| Mercedes-Benz EQE | $3,862 | $1,931 | $322 |
| BMW i5 | $3,877 | $1,939 | $323 |
| BMW iX | $3,916 | $1,958 | $326 |
| Audi SQ8 e-tron | $4,010 | $2,005 | $334 |
| GMC Hummer EV Truck | $4,111 | $2,056 | $343 |
| GMC Hummer EV SUV | $4,513 | $2,256 | $376 |
| Mercedes-Benz EQS SUV | $4,663 | $2,331 | $389 |
| Mercedes-Benz EQS | $4,786 | $2,393 | $399 |
| Tesla Model X | $4,805 | $2,403 | $400 |
| Porsche Taycan Cross Turismo | $4,981 | $2,490 | $415 |
| Porsche Taycan | $5,073 | $2,537 | $423 |
| Tesla Model S | $5,074 | $2,537 | $423 |
| BMW i7 | $5,480 | $2,740 | $457 |
| Audi e-tron GT | $5,528 | $2,764 | $461 |
| Mercedes-AMG EQS | $5,648 | $2,824 | $471 |
Car insurance rates for green vs. gas-powered vehicles
A green vehicle uses alternative fuel or a combination of alternative fuel and gasoline to reduce emissions and create less pollution.
Electric cars cost more to insure than standard gasoline cars because they have different parts and require specialized service and maintenance. Another factor is their overall cost. The pricier a vehicle, the more it costs to insure.
“An electric car’s higher price tag and more complex equipment mean it may cost more to repair or replace if it’s in an accident, ” says Tim Derham, chairman of the board of directors at Universal Casualty. “In addition, there aren’t as many shops with technicians qualified to fix electric vehicles, which means qualified facilities may charge more for repairs because of the specialized training required.”
Case study: Gas-powered vs. hybrid vehiclesHere’s an example, using 12-month premiums for comparison:
Gasoline-powered Toyota RAV4: $2,085
Hybrid Toyota RAV4: $2,189
The rates for the cheapest cars with gas-powered and hybrid versions and their annual premiums are shown in the table below.
Hybrid models generally have higher insurance premiums than their gas-powered counterparts.
| Make model | Gasoline | Hybrid |
|---|---|---|
| Audi Q5 | $2,656 | $2,817 |
| BMW 3 Series | $2,895 | $3,325 |
| BMW 4 Series | $3,176 | $3,951 |
| BMW 4 Series Gran Coupe | $3,280 | $3,993 |
| BMW X3 | $2,445 | $2,930 |
| BMW X4 | $2,774 | $3,208 |
| Chrysler Pacifica | $2,330 | $2,525 |
| Ford F-150 | $2,400 | $2,758 |
| Ford Maverick | $2,141 | $2,058 |
| Genesis G90 | $4,840 | $5,014 |
| Honda Accord | $2,271 | $2,377 |
| Hyundai Elantra | $2,425 | $2,672 |
| Hyundai Sonata | $2,623 | $2,678 |
| Jaguar F-Pace | $3,241 | $3,488 |
| Land Rover Defender | $3,637 | $3,563 |
| Land Rover Discovery | $3,198 | $3,276 |
| Land Rover Range Rover Velar | $3,094 | $3,652 |
| Lexus LC | $4,449 | $4,421 |
| Lexus LS | $4,129 | $4,387 |
| Lexus TX | $2,960 | $3,200 |
| Lincoln Corsair | $2,365 | $2,621 |
| Lincoln Nautilus | $2,715 | $2,941 |
| Mercedes-AMG CLA-Class | $4,050 | $3,503 |
| Mercedes-AMG GT | $5,491 | $4,966 |
| Mitsubishi Eclipse Cross | $2,436 | $2,551 |
| Mitsubishi Outlander | $2,399 | $2,541 |
| Porsche Cayenne | $3,428 | $3,807 |
| Porsche Cayenne Coupe | $3,224 | $4,022 |
| Toyota Camry | $2,391 | $2,438 |
| Toyota Corolla | $2,349 | $2,501 |
Are electric cars more expensive to maintain?
Electric vehicles can spend longer in the repair shop due to supply chain issues and require more expensive replacement parts. Overall, however, they cost less to maintain than their gasoline-powered counterparts.
What are the cheapest companies for green vehicles?
The best insurance company for a green vehicle will vary dramatically depending on various factors. Insurers use proprietary algorithms to set rates, so premium quotes will differ depending on personal risk factors and the exact green vehicle you insure.
The tables below show the differences in full coverage rates from various insurance companies for the cheapest EVs and hybrids to insure.
| Make model | Company | Average annual rates | Average six-month rates | Average monthly rates |
|---|---|---|---|---|
| Audi e-tron GT | State Farm | $3,583 | $1,791 | $299 |
| Audi Q4 e-tron | State Farm | $2,114 | $1,057 | $176 |
| Audi Q8 e-tron | Progressive | $2,623 | $1,312 | $219 |
| Audi SQ8 e-tron | Progressive | $3,024 | $1,512 | $252 |
| BMW i4 | State Farm | $2,871 | $1,436 | $239 |
| BMW i5 | Progressive | $2,921 | $1,460 | $243 |
| BMW i7 | State Farm | $3,997 | $1,999 | $333 |
| BMW iX | Progressive | $1,940 | $970 | $162 |
| Cadillac LYRIQ | Geico | $2,198 | $1,099 | $183 |
| Chevrolet Blazer EV | State Farm | $2,105 | $1,052 | $175 |
| Chevrolet Silverado EV | State Farm | $2,026 | $1,013 | $169 |
| Ford F-150 Lightning | Geico | $1,973 | $986 | $164 |
| Ford Mustang Mach-E | Nationwide | $2,141 | $1,070 | $178 |
| Genesis Electrified G80 | Progressive | $2,473 | $1,236 | $206 |
| Genesis Electrified GV70 | Progressive | $2,180 | $1,090 | $182 |
| Genesis GV60 | Geico | $2,316 | $1,158 | $193 |
| GMC Hummer EV SUV | Progressive | $2,972 | $1,486 | $248 |
| GMC Hummer EV Truck | Geico | $2,679 | $1,339 | $223 |
| Hyundai Ioniq 5 | Geico | $1,956 | $978 | $163 |
| Hyundai Ioniq 6 | Progressive | $2,315 | $1,158 | $193 |
| Hyundai Kona Electric | Geico | $1,668 | $834 | $139 |
| Jaguar I-Pace | Progressive | $2,286 | $1,143 | $190 |
| Kia EV6 | Geico | $2,187 | $1,094 | $182 |
| Kia EV9 | Progressive | $1,935 | $967 | $161 |
| Kia Niro EV | Geico | $1,730 | $865 | $144 |
| Mercedes-AMG EQS | State Farm | $4,292 | $2,146 | $358 |
| Mercedes-Benz EQB | State Farm | $2,201 | $1,100 | $183 |
| Mercedes-Benz EQE | State Farm | $2,667 | $1,333 | $222 |
| Mercedes-Benz EQE SUV | Geico | $2,593 | $1,296 | $216 |
| Mercedes-Benz EQS | State Farm | $3,708 | $1,854 | $309 |
| Mercedes-Benz EQS SUV | Geico | $3,453 | $1,726 | $288 |
| Mini Cooper Electric | Nationwide | $1,522 | $761 | $127 |
| Nissan Ariya | State Farm | $2,362 | $1,181 | $197 |
| Nissan Leaf | Geico | $1,850 | $925 | $154 |
| Polestar 2 | State Farm | $2,234 | $1,117 | $186 |
| Porsche Taycan | Nationwide | $4,172 | $2,086 | $348 |
| Porsche Taycan Cross Turismo | Nationwide | $3,767 | $1,884 | $314 |
| Subaru Solterra | Geico | $1,804 | $902 | $150 |
| Tesla Model 3 | Nationwide | $2,505 | $1,252 | $209 |
| Tesla Model S | Nationwide | $2,678 | $1,339 | $223 |
| Tesla Model X | State Farm | $3,057 | $1,529 | $255 |
| Tesla Model Y | Nationwide | $2,599 | $1,299 | $217 |
| Toyota bZ4X | State Farm | $2,209 | $1,104 | $184 |
| Toyota Mirai | Progressive | $2,109 | $1,054 | $176 |
| Volkswagen ID.4 | Geico | $1,673 | $837 | $139 |
| Volvo C40 Recharge | Progressive | $2,135 | $1,067 | $178 |
| Volvo XC40 Recharge | State Farm | $2,275 | $1,137 | $190 |
| Make model | Company | Average annual rates | Average six-month rates | Average monthly rates |
|---|---|---|---|---|
| BMW X5 | Nationwide | $2,516 | $1,258 | $210 |
| Chevrolet Corvette E-Ray | Progressive | $3,332 | $1,666 | $278 |
| Dodge Hornet Hybrid | State Farm | $2,317 | $1,158 | $193 |
| Ford Escape Hybrid | State Farm | $1,659 | $830 | $138 |
| Honda CR-V Hybrid | State Farm | $1,837 | $918 | $153 |
| Hyundai Santa Fe Hybrid | Geico | $1,971 | $986 | $164 |
| Hyundai Tucson Hybrid | Nationwide | $1,915 | $958 | $160 |
| Jeep Grand Cherokee 4xe Hybrid | Progressive | $2,432 | $1,216 | $203 |
| Jeep Wrangler 4xe Hybrid | State Farm | $2,026 | $1,013 | $169 |
| Kia Niro Hybrid | Geico | $1,699 | $850 | $142 |
| Kia Sorento Hybrid | Nationwide | $1,966 | $983 | $164 |
| Kia Sportage Hybrid | Progressive | $1,644 | $822 | $137 |
| Lexus ES Hybrid | Geico | $2,276 | $1,138 | $190 |
| Lexus NX Hybrid | Nationwide | $2,124 | $1,062 | $177 |
| Lexus RX Hybrid | State Farm | $2,086 | $1,043 | $174 |
| Lexus UX | State Farm | $2,093 | $1,046 | $174 |
| Mazda CX-90 Hybrid | Progressive | $2,098 | $1,049 | $175 |
| Mitsubishi Outlander Hybrid | State Farm | $2,028 | $1,014 | $169 |
| Porsche Cayenne Turbo E-Hybrid | Progressive | $2,303 | $1,151 | $192 |
| Toyota Corolla Cross Hybrid | Geico | $1,746 | $873 | $146 |
| Toyota Crown | Progressive | $1,914 | $957 | $160 |
| Toyota Grand Highlander Hybrid | Progressive | $1,931 | $966 | $161 |
| Toyota Highlander Hybrid | Nationwide | $1,712 | $856 | $143 |
| Toyota Prius | State Farm | $1,855 | $927 | $155 |
| Toyota Prius Prime | Geico | $2,255 | $1,128 | $188 |
| Toyota RAV4 Hybrid | State Farm | $1,782 | $891 | $149 |
| Toyota Tundra Hybrid | Nationwide | $2,352 | $1,176 | $196 |
| Toyota Venza | Geico | $1,826 | $913 | $152 |
Which discounts are available for hybrids and electric cars?
Currently, there are few discounts specific to hybrid or electric vehicles. However, a few insurers offer a green vehicle discount, which can also be called an alternative fuel vehicle discount or a fuel-efficient discount. This discount tends to be small – 5% is standard – but every little bit helps. Check with your insurer whether they offer a discount for environmentally friendly vehicles.
Here are the most common discounts available, regardless of whether your car is electric or not:
- Multi-policy discount
- Good driver discount
- Paperless discount
- Paid in full discount
- Multi-vehicle discount
- Telematics
- Discounts for advanced safety features
How to save money with an electric car
One of the best ways to save money on an electric car is to shop around and compare insurance rates with multiple carriers. The actual vehicle you purchase will factor into your costs, however, so the more exotic and expensive your car, the more you will pay for insurance, repairs and maintenance. Think of everyday utilitarian vehicles rather than luxury models.
Frequently Asked Questions: Cheapest hybrids and EVs to insure
Can I still get a tax credit if I buy an EV?
The federal tax incentives for electric vehicles expired on September 30, 2025, meaning new EV purchases made after that date no longer qualify for federal tax credits. As of October 1, the federal EV tax credit is no longer available.
What are the benefits of buying an electric vehicle or a hybrid?
In addition to fighting climate change, green vehicles offer several other benefits, including tax incentives and lower fuel costs.
“Green vehicles come with tax incentives offered by federal and state governments as well as long-term savings on fuel and maintenance, ” says Derham. “Green vehicles have fewer moving parts and often break down less often which reduces or eliminates fuel costs. Both of these benefits can help offset higher insurance rates.”
What are the most expensive EVs and hybrids to insure?
The Mercedes-AMG EQS is the most expensive EV to insure at $5,648, followed by the Audi e-tron GT at $5,528, the BMW i7 at $5,480, the Tesla Model S at $5,074, and the Porsche Taycan at $5,073.
The Chevrolet Corvette E-Ray has the most expensive hybrid insurance premium, at $4,584. It is followed by the Porsche Cayenne Turbo E-Hybrid, at $4,074, the BMW X5, at $3,369, the Lexus ES Hybrid, at $2,951 and the Jeep Grand Cherokee 4xe Hybrid, at $2,879.
Final thoughts on insurance for EVs and hybrids
The number of green vehicles on the road increases as more drivers switch to electric cars or hybrids. While insuring a green vehicle can be a bit more expensive than a gas-powered vehicle due to higher sticker prices and repair costs, the difference is not always budget-busting.
While it will vary by vehicle and risk factors, insuring a green vehicle can cost slightly more than a gas-powered vehicle. The data show how important it is to shop your coverage around regularly, particularly if you drive a green car. Some insurers charge double the rates offered by their competitors.
Resources & Methodology
Sources
- IRS.gov. “Credits for new clean vehicles purchased in 2023 or after.” Accessed October 2025
- IRS.gov. “Used clean vehicle credit.” Accessed October 2025
- U.S. Environmental Protection Agency. “Learn about green vehicles.” Accessed October 2025
Methodology
CarInsurance.com editors collected rates from Quadrant Information Services for a 40-year-old male and female driver carrying a full coverage insurance policy with limits 100/300/100 and $500 comprehensive and collision deductibles. Read the detailed methodology for more information.
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