CarInsurance.com Insights
- EVs and hybrids are usually more expensive to insure than gas-powered vehicles because they have higher sticker prices, costlier repairs and an expensive battery.
- Insurance premiums can vary dramatically for electric vehicles and hybrids.
- Shopping regularly for car insurance will ensure you are not overpaying for coverage.
High-end sports and luxury electric vehicles (EVs) and hybrids like the Mercedes-AMG EQS and Chevrolet Corvette E-Ray aren’t just expensive to buy. They’re also expensive to insure.
“Electric vehicles are typically more expensive to insure than their gas-powered cousins and slightly pricier than most hybrids. That’s because they often come with higher repair costs, thanks to their expensive battery systems and complex onboard technology,” says John Espenschied, agency principal with Insurance Brokers Group, LLC in O’Fallon, Missouri. “Additionally, many EVs are classified as luxury vehicles, which naturally drives up insurance premiums.”
Keep reading if you’re curious about which hybrids and electric cars are the most expensive to insure.
Which vehicles are the most expensive hybrids to insure?
The most expensive hybrids to insure are also sports cars. Sports cars are always more expensive to insure. They tend to have large motors, high top speeds, large engines and are often driven by more risk-prone drivers. The five most costly hybrids to insure are high-end sports cars, with Audi in the top three spots.
Here are the top five most expensive hybrids to insure annually:
- Chevrolet Corvette E-Ray
- Porsche Cayenne Turbo E-Hybrid
- BMW X5
- Lexus ES Hybrid
- Jeep Grand Cherokee 4xe Hybrid
Insurers are on the hook to replace your vehicle if a covered peril destroys it, so a high sticker price will always push up your insurance costs. And since a hybrid has a gas engine and an electric motor, the vehicle and repair costs tend to be higher than those of a gas-powered vehicle.
Which EVs are the most expensive to insure?
Electric cars are even more expensive to insure than hybrids, with the most expensive on our list, the Mercedes-AMG EQS, costing $5,648 a year for car insurance. Like hybrids, the most costly electric vehicles to insure are sports cars with big engines, high sticker prices and high top speeds.
The most expensive electric vehicles to insure come from four key automakers: Mercedes-Benz, Audi, BMW and Tesla. Insurance costs for their top models—such as the Mercedes-AMG EQS, Audi e-tron GT, BMW i7 and Tesla Model S—range from $5,073 to $5,648 annually for, making them the priciest EVs for full coverage.
Here are the top five most expensive electric vehicles to insure:
- Mercedes-AMG EQS
- Audi e-tron GT
- BMW i7
- Tesla Model S
- Porsche Taycan
“If one of these vehicle models were to be totaled in an accident, the cost to repair or replace the vehicle could be significantly higher than for standard automobiles, leading to increased car insurance premiums,” says Lauren McKenzie, a licensed insurance agent/broker with A Plus Insurance in Sierra Vista, Arizona.
How do insurance companies set rates for green vehicles?
Like gas-powered cars, the cheapest insurance company for a green vehicle will vary depending on the vehicle and various other factors. Insurance companies use proprietary algorithms to set rates, so premiums vary depending on personal risk factors and the exact vehicle.
When we ran the numbers on hundreds of green vehicles, our data showed differences in premium quotes for the same vehicle. The tables below show the differences in premiums for the EVs and hybrids on our list.
| Make model | Company | Average annual rates | Average six-month rates | Average monthly rates |
|---|---|---|---|---|
| Audi e-tron GT | Allstate | $7,512 | $3,756 | $626 |
| Audi Q4 e-tron | Allstate | $3,822 | $1,911 | $319 |
| Audi Q8 e-tron | Allstate | $4,692 | $2,346 | $391 |
| Audi SQ8 e-tron | GEICO | $5,293 | $2,646 | $441 |
| BMW i4 | Allstate | $4,771 | $2,385 | $398 |
| BMW i5 | Farmers | $5,449 | $2,724 | $454 |
| BMW i7 | GEICO | $6,335 | $3,168 | $528 |
| BMW iX | Allstate | $5,891 | $2,945 | $491 |
| Cadillac LYRIQ | Allstate | $3,905 | $1,953 | $325 |
| Chevrolet Blazer EV | Farmers | $4,470 | $2,235 | $372 |
| Chevrolet Silverado EV | Allstate | $3,220 | $1,610 | $268 |
| Ford F-150 Lightning | Allstate | $4,010 | $2,005 | $334 |
| Ford Mustang Mach-E | Farmers | $4,387 | $2,193 | $366 |
| Genesis Electrified G80 | Allstate | $6,554 | $3,277 | $546 |
| Genesis Electrified GV70 | Allstate | $4,782 | $2,391 | $399 |
| Genesis GV60 | Allstate | $4,673 | $2,336 | $389 |
| GMC Hummer EV SUV | Allstate | $6,207 | $3,103 | $517 |
| GMC Hummer EV Truck | Allstate | $6,223 | $3,112 | $519 |
| Hyundai Ioniq 5 | Farmers | $4,213 | $2,107 | $351 |
| Hyundai Ioniq 6 | Farmers | $4,468 | $2,234 | $372 |
| Hyundai Kona Electric | Allstate | $2,818 | $1,409 | $235 |
| Jaguar I-Pace | Farmers | $4,019 | $2,010 | $335 |
| Kia EV6 | Farmers | $4,123 | $2,061 | $344 |
| Kia EV9 | Allstate | $4,462 | $2,231 | $372 |
| Kia Niro EV | Allstate | $2,937 | $1,468 | $245 |
| Mercedes-AMG EQS | Allstate | $8,468 | $4,234 | $706 |
| Mercedes-Benz EQB | Farmers | $3,649 | $1,824 | $304 |
| Mercedes-Benz EQE | Farmers | $4,750 | $2,375 | $396 |
| Mercedes-Benz EQE SUV | Progressive | $4,670 | $2,335 | $389 |
| Mercedes-Benz EQS | Farmers | $6,017 | $3,009 | $501 |
| Mercedes-Benz EQS SUV | Allstate | $5,792 | $2,896 | $483 |
| Mini Cooper Electric | Allstate | $2,847 | $1,424 | $237 |
| Nissan Ariya | Farmers | $4,403 | $2,202 | $367 |
| Nissan Leaf | Allstate | $3,157 | $1,578 | $263 |
| Polestar 2 | Farmers | $5,093 | $2,547 | $424 |
| Porsche Taycan | Allstate | $6,494 | $3,247 | $541 |
| Porsche Taycan Cross Turismo | Allstate | $6,552 | $3,276 | $546 |
| Subaru Solterra | Farmers | $4,633 | $2,317 | $386 |
| Tesla Model 3 | Farmers | $4,723 | $2,361 | $394 |
| Tesla Model S | Allstate | $8,099 | $4,049 | $675 |
| Tesla Model X | Allstate | $6,163 | $3,081 | $514 |
| Tesla Model Y | Farmers | $4,803 | $2,401 | $400 |
| Toyota bZ4X | Farmers | $3,561 | $1,781 | $297 |
| Toyota Mirai | Allstate | $4,765 | $2,383 | $397 |
| Volkswagen ID.4 | Farmers | $3,374 | $1,687 | $281 |
| Volvo C40 Recharge | Farmers | $4,538 | $2,269 | $378 |
| Volvo XC40 Recharge | Farmers | $4,315 | $2,157 | $360 |
| Make model | Company | Average annual rates | Average six-month rates | Average monthly rates |
|---|---|---|---|---|
| Chevrolet Corvette E-Ray | Allstate | $6,131 | $3,066 | $511 |
| Porsche Cayenne Turbo E-Hybrid | GEICO | $5,791 | $2,895 | $483 |
| BMW X5 | Allstate | $4,559 | $2,280 | $380 |
| Lexus ES Hybrid | Allstate | $4,207 | $2,103 | $351 |
| Jeep Grand Cherokee 4xe Hybrid | Allstate | $3,678 | $1,839 | $307 |
| Toyota Crown | Allstate | $4,276 | $2,138 | $356 |
| Mazda CX-90 Hybrid | Allstate | $4,046 | $2,023 | $337 |
| Toyota Tundra Hybrid | Allstate | $3,483 | $1,741 | $290 |
| Dodge Hornet Hybrid | Allstate | $3,737 | $1,868 | $311 |
| Lexus RX Hybrid | Allstate | $3,610 | $1,805 | $301 |
| Mitsubishi Outlander Hybrid | Allstate | $3,325 | $1,663 | $277 |
| Lexus NX Hybrid | Allstate | $3,705 | $1,852 | $309 |
| Toyota Prius Prime | Allstate | $3,308 | $1,654 | $276 |
| Jeep Wrangler 4xe Hybrid | Allstate | $3,830 | $1,915 | $319 |
| Toyota Grand Highlander Hybrid | Allstate | $3,250 | $1,625 | $271 |
| Lexus UX | Allstate | $3,337 | $1,669 | $278 |
| Hyundai Santa Fe Hybrid | Allstate | $3,204 | $1,602 | $267 |
| Toyota Prius | Allstate | $3,439 | $1,719 | $287 |
| Kia Sorento Hybrid | Farmers | $3,220 | $1,610 | $268 |
| Hyundai Tucson Hybrid | Allstate | $3,076 | $1,538 | $256 |
| Toyota Highlander Hybrid | Allstate | $3,206 | $1,603 | $267 |
| Toyota Venza | Farmers | $3,098 | $1,549 | $258 |
| Toyota Corolla Cross Hybrid | Allstate | $2,923 | $1,461 | $244 |
| Kia Sportage Hybrid | Allstate | $2,875 | $1,438 | $240 |
| Toyota RAV4 Hybrid | Allstate | $2,907 | $1,453 | $242 |
| Honda CR-V Hybrid | Allstate | $2,806 | $1,403 | $234 |
| Ford Escape Hybrid | Allstate | $2,926 | $1,463 | $244 |
| Kia Niro Hybrid | Allstate | $2,765 | $1,382 | $230 |
The data reveal a wide range of insurance costs for hybrids, with premiums varying based on model and insurer. High-end models like the Chevrolet Corvette E-Ray ($6,131 at Allstate) and Porsche Cayenne Turbo E-Hybrid ($5,791 at GEICO) have higher premiums, while more affordable options like the Toyota Tundra Hybrid ($3,483 at Allstate) and Jeep Grand Cherokee 4xe Hybrid ($3,678 at Allstate) are cheaper to insure.
These differences highlight how vehicle type, performance and insurer affect insurance rates, with luxury and performance models costing more, while more practical vehicles are cheaper to insure.
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Why do green vehicles cost more to insure?
Here are a few different factors that push up the cost of insuring an electric vehicle or hybrid:
- Big battery: The big battery under the hood pushes up the insurance cost because it is costly to replace if the car is in an accident. Even a minor accident can damage the battery, and if it needs to be replaced, it can cost more than $15,000, so insurers charge a higher premium to cover that risk.
- Technology: EVs and hybrids are usually loaded with technology, high-end electronics and advanced safety features, which are always expensive to repair. High repair costs will almost always push up the cost of insurance.
- Sticker price: Electric and hybrid vehicles tend to have a higher purchase price than gas-powered vehicles, which results in higher rates. Your insurer will have to cover the cost of replacing your car if a covered peril destroys it, so the higher the purchase price, the higher your premium.
“In many cases, electric vehicles are more expensive to purchase and repair than their gas-powered counterparts. These high repair costs are reflected in insurance premiums for the car. Ultimately, it would cost the insurance company more to replace or repair an electric vehicle and that difference can get passed on to the consumer, resulting in higher rates, says Ian Lang, senior car advice editor with Bumper.com
How can I save money on car insurance for my electric vehicle?
Finding the most affordable insurance for an electric vehicle is no different than shopping for a gas-powered car. Here’s how to save money on car insurance:
Shop around: Because insurers rate risk differently, premium quotes can dramatically differ. Shop your coverage yearly and get quotes from at least five insurers. Always compare apples to apples when it comes to coverage levels and deductibles.
“Not all insurers rate EVs the same way. Some carriers are more EV-friendly and offer better rates for green-minded drivers,” Espenschied says.
Discounts: Insurance companies offer tons of discounts, so ask your agent to do a discount review to ensure that all available discounts are applied to your policy.
“Consider bundling your insurance policies, installing tracking or anti-theft devices, and participating in a telematics program, which rewards good driving behavior,” Espenschied says.
Increase your deductible: You should see significant savings if you can double your deductible. Always choose a deductible you can easily afford if you have to make a claim.
Final thoughts
Green vehicles are becoming more common on the road as consumers switch to EVs and hybrids. Even though green vehicles can be more expensive to insure, some customers are willing to offset their carbon emissions for a slightly higher insurance cost.
However, when it comes to high-end sports EVs and hybrids (just like their gas-powered counterparts), you can expect pricey premiums. Big engines, massive top speeds and expensive repair costs all lead to premiums that are higher than average.
Make sure to shop your coverage regularly – there can be dramatic differences in premium quotes with some insurers charging more than double that of their competitors for green vehicles.
Frequently Asked Questions: The most expensive EVs and hybrids to insure
Can I 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 EV or hybrid?
Electric vehicles and hybrids offer various benefits. In addition to helping the environment, green vehicles require fewer maintenance requirements and are usually cheaper to operate than gas-powered vehicles.
Espenschied says electric and hybrid cars are built with far fewer moving components than traditional gas-powered vehicles, so they generally need less upkeep. Drivers can avoid regular tasks like oil changes and fuel filter replacements. Electric cars are also significantly more environmentally friendly since they don’t run on gasoline and don’t emit pollutants from a tailpipe.
Resources & Methodology
Sources
- Bumper. “How much is my car worth?” Accessed October 2025.
- EERE. “Alternative Fuels Data Center.” 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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