I didn’t know this, did you?
Key Findings
On average, electric vehicle models cost 15% more to insure than conventional gas-powered vehicles.
Of the electric vehicle models that had corresponding combustion models, MoneyGeek found 6% to 40% higher premiums.
Teslas are amongst the most costly electric vehicles to insure.
15 of the 17 EV models’ insurance rates were higher than the national average.
MOST EXPENSIVE ELECTRIC VEHICLES TO INSURE
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VehicleYearAnnual Premium
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1.Porsche Taycan2021$3,567
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2.Tesla Model S2021$3,022
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3.Tesla Model X2021$2,885
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4.Tesla Model Y2021$1,901
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5.Audi E Tron2021$1,893
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6.Volvo XC40 Recharge2021$1,886
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7.Tesla Model 32021$1,855
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8.Ford Mustang Mach E2021$1,784
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9.BMW I32021$1,700
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10.VW ID.42021$1,679
So as the ‘savings’ on electricity vs. gasoline fluctuate as gasoline and the price of a Kilowatt both surge. You will be spending more than that savings might be each month for car insurance.
On the North River 