Posts Tagged: insurance rates for an electric vehicle
Car insurance rates for electric vehicles
Why are car insurance rates for electric vehicles higher than other cars? If you’re contemplating buying an electrical vehicle, be prepared for higher insurance rates for an electric vehicle; about 20% more for car insurance than a comparable gasoline vehicle. Here’s why. The accident risk for electric vehicles is the same, but repair costs are much higher. So the insurance rates for electric vehicle is higher You have to take it to a specialized repair shop and that costs more Electric cars don’t get into more accidents. But when they … Read More