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Insurance

Electric Vehicle Insurance

Electric Vehicle Insurance

One of the main problems with electric vehicles (EVs) has always been the price. Rechargeable battery technology has seen a lot of improvement, but still remains a large chunk of vehicle price. It seems like there is another EV cost that some haven’t considered…insurance. Early adopters of EVs have to pay a premium to purchase their chosen car, but some are reaping unexpected savings on their insurance bills. Obviously insurance premiums vary widely based on driving history and local crime and vehicle theft rates, but owners of lower segmentation EVs such as the Nissan Leaf can generally expect a lower insurance premium. Read more