How Insuring An Electric Car Differs From Other Vehicles

Over the past decade, electric vehicles have become increasingly more common. With makers like Tesla capturing the minds of tech lovers, electric vehicles are no longer only bought by the environmentally-conscious.

In the automotive world, the electric vehicles are still not commonplace. This is partly because of the price of going electric.

While you will save money on gas, the car itself is perceived to be expensive. Furthermore, maintenance can cost more and you will pay a high insurance premium every month.

The reality is that there are many cheaper electric cars today. You can get a brand new electric vehicle for as little as $40,000. Is insurance really prohibitively expensive?

Let’s look at how insurance differs for electric vehicles and why.