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.

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.
  • You can get significant tax rebates depending on which green vehicle you want, which can help offset your insurance costs.cker prices, more expensive repairs and an expensive battery.

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: 

  1. Chevrolet Corvette E-Ray
  2. Porsche Cayenne Turbo E-Hybrid
  3. BMW X5
  4. Lexus ES Hybrid
  5. 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:

  1. Mercedes-AMG EQS
  2. Audi e-tron GT
  3. BMW i7
  4. Tesla Model S
  5. 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.

Most expensive EVs to insure by company
Make model Company Average annual rates Average six-month rates Average monthly rates
Audi e-tron GTAllstate$7,512$3,756$626
Audi Q4 e-tronAllstate$3,822$1,911$319
Audi Q8 e-tronAllstate$4,692$2,346$391
Audi SQ8 e-tronGEICO$5,293$2,646$441
BMW i4Allstate$4,771$2,385$398
BMW i5Farmers$5,449$2,724$454
BMW i7GEICO$6,335$3,168$528
BMW iXAllstate$5,891$2,945$491
Cadillac LYRIQAllstate$3,905$1,953$325
Chevrolet Blazer EVFarmers$4,470$2,235$372
Chevrolet Silverado EVAllstate$3,220$1,610$268
Ford F-150 LightningAllstate$4,010$2,005$334
Ford Mustang Mach-EFarmers$4,387$2,193$366
Genesis Electrified G80Allstate$6,554$3,277$546
Genesis Electrified GV70Allstate$4,782$2,391$399
Genesis GV60Allstate$4,673$2,336$389
GMC Hummer EV SUVAllstate$6,207$3,103$517
GMC Hummer EV TruckAllstate$6,223$3,112$519
Hyundai Ioniq 5Farmers$4,213$2,107$351
Hyundai Ioniq 6Farmers$4,468$2,234$372
Hyundai Kona ElectricAllstate$2,818$1,409$235
Jaguar I-PaceFarmers$4,019$2,010$335
Kia EV6Farmers$4,123$2,061$344
Kia EV9Allstate$4,462$2,231$372
Kia Niro EVAllstate$2,937$1,468$245
Mercedes-AMG EQSAllstate$8,468$4,234$706
Mercedes-Benz EQBFarmers$3,649$1,824$304
Mercedes-Benz EQEFarmers$4,750$2,375$396
Mercedes-Benz EQE SUVProgressive$4,670$2,335$389
Mercedes-Benz EQSFarmers$6,017$3,009$501
Mercedes-Benz EQS SUVAllstate$5,792$2,896$483
Mini Cooper ElectricAllstate$2,847$1,424$237
Nissan AriyaFarmers$4,403$2,202$367
Nissan LeafAllstate$3,157$1,578$263
Polestar 2Farmers$5,093$2,547$424
Porsche TaycanAllstate$6,494$3,247$541
Porsche Taycan Cross TurismoAllstate$6,552$3,276$546
Subaru SolterraFarmers$4,633$2,317$386
Tesla Model 3Farmers$4,723$2,361$394
Tesla Model SAllstate$8,099$4,049$675
Tesla Model XAllstate$6,163$3,081$514
Tesla Model YFarmers$4,803$2,401$400
Toyota bZ4XFarmers$3,561$1,781$297
Toyota MiraiAllstate$4,765$2,383$397
Volkswagen ID.4Farmers$3,374$1,687$281
Volvo C40 RechargeFarmers$4,538$2,269$378
Volvo XC40 RechargeFarmers$4,315$2,157$360
Most expensive hybrids to insure by company
Make model Company Average annual rates Average six-month rates Average monthly rates
Chevrolet Corvette E-RayAllstate$6,131$3,066$511
Porsche Cayenne Turbo E-HybridGEICO$5,791$2,895$483
BMW X5Allstate$4,559$2,280$380
Lexus ES HybridAllstate$4,207$2,103$351
Jeep Grand Cherokee 4xe HybridAllstate$3,678$1,839$307
Toyota CrownAllstate$4,276$2,138$356
Mazda CX-90 HybridAllstate$4,046$2,023$337
Toyota Tundra HybridAllstate$3,483$1,741$290
Dodge Hornet HybridAllstate$3,737$1,868$311
Lexus RX HybridAllstate$3,610$1,805$301
Mitsubishi Outlander HybridAllstate$3,325$1,663$277
Lexus NX HybridAllstate$3,705$1,852$309
Toyota Prius PrimeAllstate$3,308$1,654$276
Jeep Wrangler 4xe HybridAllstate$3,830$1,915$319
Toyota Grand Highlander HybridAllstate$3,250$1,625$271
Lexus UXAllstate$3,337$1,669$278
Hyundai Santa Fe HybridAllstate$3,204$1,602$267
Toyota PriusAllstate$3,439$1,719$287
Kia Sorento HybridFarmers$3,220$1,610$268
Hyundai Tucson HybridAllstate$3,076$1,538$256
Toyota Highlander HybridAllstate$3,206$1,603$267
Toyota VenzaFarmers$3,098$1,549$258
Toyota Corolla Cross HybridAllstate$2,923$1,461$244
Kia Sportage HybridAllstate$2,875$1,438$240
Toyota RAV4 HybridAllstate$2,907$1,453$242
Honda CR-V HybridAllstate$2,806$1,403$234
Ford Escape HybridAllstate$2,926$1,463$244
Kia Niro HybridAllstate$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. 

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. 

FAQ: The most expensive EVs and hybrids to insure

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Can I get a tax credit if I buy an EV?

Yes, many federal and state tax credits exist for drivers who purchase EVs, although not all states offer rebates or credits. The savings can be significant – the federal credit is up to $7,500 for new EVs and up to $4,000 for used ones (although the vehicle must be assembled in North America and meet strict battery component requirements).

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 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

  1. Bumper. “How much is my car worth?” Accessed May 2025. 
  2. EERE. “Alternative Fuels Data Center.” 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.

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author-img Erik Martin Contributing Researcher
Erik J. Martin is a Chicago area-based freelance writer whose articles have been published by AARP The Magazine, The Motley Fool, The Costco Connection, USAA, US Chamber of Commerce, Bankrate, The Chicago Tribune, and other publications. He often writes on topics related to insurance, real estate, personal finance, business, technology, health care, and entertainment. Erik also hosts a podcast and publishes several blogs, including Martinspiration.com and Cineversegroup.com.
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Scott Nyerges is an insurance expert who writes and edits for QuinStreet’s CarInsurance.com, Insurance.com and Insure.com. He is a former senior editor and content strategist at U.S. News & World Report, where he led coverage of car insurance and other personal insurance lines. He also served as a managing editor for Consumer Reports and a news programmer for MSN.