The Cheapest Electric Cars to Insure

What is an Electric Car?

An electric car, or EV for short, is a vehicle powered entirely by electricity – so, no fuel. These cars are becoming increasingly popular as technology advances, with more and more people choosing to make the switch. Electric cars have many advantages, such as being much more efficient, producing less emissions and being cheaper to run than traditional petrol and diesel cars. However, one of the main considerations for any car buyer is the cost of insurance. So, what are the cheapest electric cars to insure?

Why Are Electric Cars Cheaper to Insure?

Generally speaking, electric cars are cheaper to insure than traditional petrol and diesel cars. This is because they are often seen as a safer option, due to the fact that they usually have fewer moving parts and fewer potential faults. EVs also tend to be less likely to be involved in accidents, due to the fact that they are typically slower than petrol and diesel cars. In addition, many insurers offer discounts for electric car owners, as they are seen as being more environmentally friendly.

The Cheapest Electric Cars to Insure

There are several electric cars that are renowned for being some of the cheapest to insure. The Tesla Model 3 is one of the most popular electric cars on the market, and it is also one of the cheapest to insure. It is an all-electric sedan with a range of up to 310 miles, and it has a really impressive 5-star safety rating. It is also one of the most affordable EVs on the market, with prices starting at around $35,000. The BMW i3 is another popular electric car that is relatively inexpensive to insure, with prices starting from around $44,000.

The Most Expensive Electric Cars to Insure

At the other end of the scale, there are some electric cars that are more expensive to insure. The Tesla Model S is one of the most luxurious EVs on the market, and it also happens to be one of the most expensive cars to insure. This is because it is a high-performance car, with a range of up to 335 miles and a top speed of 155 mph. It also has a lot of advanced technology, such as Autopilot, which can make it more expensive to insure. Similarly, the Porsche Taycan is another of the most expensive electric cars to insure, with prices starting at around $150,000.

Conclusion

Electric cars can be much cheaper to insure than traditional petrol and diesel cars, with some of the most affordable EVs including the Tesla Model 3 and the BMW i3. However, there are some electric cars that are more expensive to insure, such as the Tesla Model S and the Porsche Taycan. Ultimately, it pays to shop around and compare insurance quotes to find the best deal for you.