If you’re considering purchasing an electric vehicle (EV) to save at the gas pump or to reduce your carbon footprint, know that getting car insurance for an EV is similar to shopping for insurance like any other vehicle. In an interview with CarInsurance.com, Partner P.J. Miller said he hasn't noticed a major rate disparity between premiums for EVs/hybrids versus gas-powered autos.
“Car insurance rates are predicated on so many factors – credit scores, location of the garage and the vehicle, driving record and price of the car. The engine and powertrain haven't factored in as a major portion of the typical rate-making process.”
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