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.
Keep reading to learn how to get cheap insurance with an EV or hybrid.
- 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.
How much does car insurance cost for a hybrid?
When we ran the numbers, annual full coverage car insurance rates 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.
In the table below, see the cheapest hybrids to insure along with their monthly, biannual and annual rates for full coverage car insurance.
| 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 | $3,617 | $1,808 | $301 |
| Porsche Cayenne Coupe | $3,619 | $1,809 | $302 |
| 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.
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.
Pickups are often cheaper to insure because the vehicle’s back end is simply a bed that can be easily repaired or replaced, making repair costs more affordable. The cheapest electric pickup to insure is the Chevrolet Silverado EV. It costs $2,452 annually to insure.
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: $2,082
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. For instance, the Honda CR-V costs $1,932 to insure annually, while the CR-V Hybrid costs $2,164. The Chevrolet Corvette costs $2,396 for 12 months of coverage, but the hybrid Corvette E-Ray costs $4,584.
| Make model | Gasoline | Hybrid |
|---|---|---|
| Honda CR-V | $1,932 | $2,164 |
| Hyundai Tucson | $2,062 | $2,347 |
| Toyota Corolla Cross | $2,066 | $2,218 |
| Kia Sportage | $2,069 | $2,218 |
| Toyota RAV4 | $2,085 | $2,189 |
| Jeep Wrangler | $2,104 | $2,608 |
| Ford Escape | $2,113 | $2,163 |
| Hyundai Santa Fe | $2,316 | $2,460 |
| Kia Sorento | $2,271 | $2,407 |
| Toyota Highlander | $2,253 | $2,328 |
| Jeep Grand Cherokee | $2,371 | $2,879 |
| Mitsubishi Outlander | $2,399 | $2,671 |
| Lexus RX | $2,555 | $2,725 |
| Lexus NX | $2,612 | $2,668 |
| Toyota Grand Highlander | $2,442 | $2,515 |
| Dodge Hornet | $2,452 | $2,741 |
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 |
|---|---|---|---|---|
| Kia Niro Hybrid | GEICO | $1,699 | $850 | $142 |
| Ford Escape Hybrid | State Farm | $1,659 | $830 | $138 |
| Honda CR-V Hybrid | State Farm | $1,837 | $918 | $153 |
| Toyota RAV4 Hybrid | State Farm | $1,782 | $891 | $149 |
| Kia Sportage Hybrid | Progressive | $1,644 | $822 | $137 |
| Toyota Corolla Cross Hybrid | GEICO | $1,746 | $873 | $146 |
| Toyota Venza | GEICO | $1,826 | $913 | $152 |
| Toyota Highlander Hybrid | Nationwide | $1,712 | $856 | $143 |
| Hyundai Tucson Hybrid | Nationwide | $1,915 | $958 | $160 |
| Kia Sorento Hybrid | Nationwide | $1,966 | $983 | $164 |
| Toyota Prius | State Farm | $1,855 | $927 | $155 |
| Hyundai Santa Fe Hybrid | GEICO | $1,971 | $986 | $164 |
| Lexus UX | State Farm | $2,093 | $1,046 | $174 |
| Toyota Grand Highlander Hybrid | Progressive | $1,931 | $966 | $161 |
| Jeep Wrangler 4xe Hybrid | State Farm | $2,026 | $1,013 | $169 |
| Toyota Prius Prime | GEICO | $2,255 | $1,128 | $188 |
| Lexus NX Hybrid | Nationwide | $2,124 | $1,062 | $177 |
| Mitsubishi Outlander Hybrid | State Farm | $2,028 | $1,014 | $169 |
| Lexus RX Hybrid | State Farm | $2,086 | $1,043 | $174 |
| Dodge Hornet Hybrid | State Farm | $2,317 | $1,158 | $193 |
| Toyota Tundra Hybrid | Nationwide | $2,352 | $1,176 | $196 |
| Mazda CX-90 Hybrid | Progressive | $2,098 | $1,049 | $175 |
| Toyota Crown | Progressive | $1,914 | $957 | $160 |
| Jeep Grand Cherokee 4xe Hybrid | Progressive | $2,432 | $1,216 | $203 |
| Lexus ES Hybrid | GEICO | $2,276 | $1,138 | $190 |
| BMW X5 | Nationwide | $2,516 | $1,258 | $210 |
| Porsche Cayenne Turbo E-Hybrid | Progressive | $2,303 | $1,151 | $192 |
| Chevrolet Corvette E-Ray | Progressive | $3,332 | $1,666 | $278 |
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.
FAQ: The cheapest hybrids and EVs to insure
Can I still get a tax credit if I buy an EV?
Yes, many federal and state tax credits exist for drivers who purchase an EV, although not all states offer them. The credit varies depending on the electric vehicle you buy.
“The current federal tax credit gives up to $7,500 for new EVs and $4,000 for used ones,” Lokenauth says. “But there’s a catch. The vehicle has to be assembled in North America and meet strict battery component requirements. Plus, there are income limits: $150,000 for single filers, $300,000 for joint filers.”
Check the Department of Energy’s Alternative Fuels Data Center for information about state and federal tax credits for EVs, hybrids and other alternative-fuel vehicles.
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 May 2025.
- IRS.gov. “Used clean vehicle credit.” Accessed May 2025.
- U.S. Environmental Protection Agency. “Learn about green vehicles.” Accessed May 2025.
Methodology
The methodology used for this analysis is based on insurance quotes gathered in the year 2024 for a 40-year-old male driver. The coverage parameters include 100/300/100 liability limits with $500 deductibles for collision and comprehensive coverage. Data was collected across all 51 U.S. states, encompassing 472 cities and 510 ZIP codes. Quotes were sourced from 57 different insurance companies, resulting in a total of 67,566,780 quotes analyzed. The study covered 1,661 different make and model combinations, assuming a daily 12-mile commute and an annual mileage of 10,000 miles. The national average insurance cost calculated from this data was $2,663.
Get advice from an experienced insurance professional. Our experts will help you navigate your insurance questions with clarity and confidence.
Browse all FAQs