💰Insuring an EV? Here's How to Avoid Overpaying

Jul 27, 2025

read time 2 minutes

Hi there,

So, you’re thinking about making the switch to an electric vehicle or have already. Congrats! You’ve opened a brand new door to fewer gas stops, instant torque, and eco-friendly travels.

But here’s the curveball: insuring an EV isn’t the same as insuring a gas car. When I bought my Tesla Model 3 back in 2021, I was lucky to get a decent rate on insurance. But I had a friend who was paying over $600 for his Model 3 alone.

So, why are EVs more difficult to insure and how do you make sure you’re not overpaying? Let’s break it down:

Why EV Insurance Can Cost More

EVs cost more to fix, especially the battery
Fewer repair shops are EV-certified meaning slower, pricier repairs
Higher vehicle value = higher premiums

Must-Have Coverage for EV Owners

Standard: Liability, Collision, Comprehensive
EV-Specific:

Battery replacement
Roadside help with EV charging/towing
Protection for your home charging station
Rental car coverage (EV repairs can take a while)

Discounts You Might Qualify For

Green vehicle discount (5–10% off)
Low mileage or usage-based discounts
Bundle savings (auto + home/renters)
Safe driver discount—always a win

Pro tip: Compare quotes and ask if they have EV-specific coverage—some cheaper policies skip this.

Bottom line?
EV insurance can cost more—but the right policy helps you avoid big surprises. Shop smart, get the right protection, and don’t pay for coverage you don’t need.

Need help comparing options? Click here.

Using my affiliate link helps support my team and I to create new content for you every week. Thank you!

- Milan and Team

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