Cheapest EVs to Insure in 2025

[MountainAlive]

The Lightning comes in as the 5th cheapest to insure. I was surprised myself when I insured mine. It cost the same as our ICE Toyota Highlander.

Cheapest EVs to insure

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[WXman]

Traded 2019 F-250 for 2025 F-150 Lightning and my premium went down $350 per year on Progressive. I was shocked!

 

[RLXXI]

When I input the info for my insurer, they did not differentiate between the Lightning and a regular F 150 although they did list the Mustang and e version separately. Cost the same amount as my other F 150 to add to the policy with a slight bump in cost due to being leased.

Surprised me as well as I already had in the back of mind sticker shock lol.

 

[02Reaper]

When I input the info for my insurer, they did not differentiate between the Lightning and a regular F 150 although they did list the Mustang and e version separately. Cost the same amount as my other F 150 to add to the policy with a slight bump in cost due to being leased.

Surprised me as well as I already had in the back of mind sticker shock lol.

They don't to begin with, but they will. Mine did the same thing.

 

[hturnerfamily]

there are a LOT(!) of underlying considerations when it comes to trying to 'compare' vehicles and insurance... a LOT.

most of us don't really understand how pricing for insurance rates work - we just assume that because a new vehicle is 'new', it must, therefore, be more expensive, etc... insurance actuaries, the accounting engineers who decide the 'rate' though, look at ALL the aspects and variability of internal potential cost of claims, within each line of Coverage.

for instance, you can have one vehicle, newer, whose MSRP is higher than a similar vehicle, and yet it's 'rate' is slightly LOWER, due to other reasons: Cost of replacement parts may be lower, or easier to procure, or it's Liability rate may be lower due to it's design - it sits lower, or has less 'impact' on other vehicles, etc.

This also doesn't even attempt to compare 'who' is driving - and what experience they have, what area they typically drive in(traffic, etc), the driver's own history of violations and accidents, etc. Sometimes even our own situation has changed, since last insuring a comparative vehicle - many times an underlying rate change within the company has not yet affected our 'old' vehicle, yet when we trade it in for the 'new' vehicle, those rates are automatically then applied.

The only real way to 'compare' two, or more, different vehicles, for insurance, is to purchase them all at the same exact time, add them to a joint policy all at the same exact time, and make sure they all have exactly the same exact Coverages and Deductibles. Do this across the board with ALL available auto insurers in that same State, and then all the insurers across the US, and then, maybe, you'll have a TRUE comparison. Otherwise, it's just a guesstimate. And, as I tell all my customers, a guesstimate is truly just a GUESS, until you actually press the 'purchase' button.

and, just for kicks, if you want to 'compare' different quotes even from the same insurer, call two different agencies that represent the same insurer: you may find TWO DIFFERENT prices. Really.

 

[RLXXI]

there are a LOT(!) of underlying considerations when it comes to trying to 'compare' vehicles and insurance... a LOT.

most of us don't really understand how pricing for insurance rates work - we just assume that because a new vehicle is 'new', it must, therefore, be more expensive, etc... insurance actuaries, the accounting engineers who decide the 'rate' though, look at ALL the aspects and variability of internal potential cost of claims, within each line of Coverage.

for instance, you can have one vehicle, newer, whose MSRP is higher than a similar vehicle, and yet it's 'rate' is slightly LOWER, due to other reasons: Cost of replacement parts may be lower, or easier to procure, or it's Liability rate may be lower due to it's design - it sits lower, or has less 'impact' on other vehicles, etc.

This also doesn't even attempt to compare 'who' is driving - and what experience they have, what area they typically drive in(traffic, etc), the driver's own history of violations and accidents, etc. Sometimes even our own situation has changed, since last insuring a comparative vehicle - many times an underlying rate change within the company has not yet affected our 'old' vehicle, yet when we trade it in for the 'new' vehicle, those rates are automatically then applied.

The only real way to 'compare' two, or more, different vehicles, for insurance, is to purchase them all at the same exact time, add them to a joint policy all at the same exact time, and make sure they all have exactly the same exact Coverages and Deductibles. Do this across the board with ALL available auto insurers in that same State, and then all the insurers across the US, and then, maybe, you'll have a TRUE comparison. Otherwise, it's just a guesstimate. And, as I tell all my customers, a guesstimate is truly just a GUESS, until you actually press the 'purchase' button.

and, just for kicks, if you want to 'compare' different quotes even from the same insurer, call two different agencies that represent the same insurer: you may find TWO DIFFERENT prices. Really.

On that last note, never go thru an agency if you don't have to, I buy insurance directly from the company. No commissions, no sales pressure.

 

[Calvin H-C]

The only real way to 'compare' two, or more, different vehicles, for insurance, is to purchase them all at the same exact time, add them to a joint policy all at the same exact time, and make sure they all have exactly the same exact Coverages and Deductibles.

True.

Though not bought at the same time, here's what we experienced...

When we got our 2017 Focus Electric in November 2017, we had an ICE 2013 Focus SE and based on continuing to drive the ICE Focus about 25,000 km per year and expecting to drive the FFE only 16,000, the insurance premium was roughly the same for each.

When we found that the FFE was the car that was driven 25k and the ICE car was only 16k, the insurance rate dropped by about $15. That's basically zero.

When we got the Lightning in 2023, it's premium was about the same as the 2017 FFE, despite the FFE no longer having full replacement coverage which the new Lightning had.

I should also note that our insurance company applies a 5% discount for EVs.

 

[Ricks Lightning]

What I found was all over the board when I bought my first 23 pro. My commercial policy with state farm wasn't really interested in insuring it as commerce so I went with my non commercial carrier who Costco farms out too. They were OK as long as i didn't use it more than a few times a week for commercial work. But when I leased my 24 flash months later. Costco Co. Was fine for 3 month, then sent me a notice they weren't going to renew me when my policy ends. They say they dont do commercial policies. Remember 6 months earlier my pro was fine. Its when I sold the pro and the flash became the primary vehicle is when underwriting picked up on it.

State Farm was nuts, wanting $650. A month for a commercial policy. 750K liability minimum and being in Los Angeles. Went online and did some comparisons. Progressive hit all the marks..moved 4 vehicles over to Progressive/ 3 commercial and 1 family vehicle.. sure after 6 months it went up some, but so has everything..

Do your legwork and go online with your current policy..fill in the same limits and then tweak the limits, see where you're at. In the end I got a better policy with a better price and did this all online..then spoke to the agent to confirm all the line items. All stayed the same.

Do your homework, but don't go online and fill out your name and phone number on random insurance websites unless you want every agent to call you for the next 6 months.

Rick

 

[hturnerfamily]

On that last note, never go thru an agency if you don't have to, I buy insurance directly from the company. No commissions, no sales pressure...

actually, there is no 'true' way to buy insurance DIRECTLY from the insurer, as every state requires any policy to be assigned to, and handled by, a Licensed Appointed AGENT, and one that is licensed in the State your policy is issued within: different states have differing requirements, and each agent has to be licensed in EACH of those states. Some of us agents do business in a single state, such as Georgia, simply because that's where all of my customers are, and others might be larger agencies or brokers or insurers who require their agents to be licensed and appointed in multiple states, in order to help customers in many parts of the country. Even if I live and work on a state line, and have many customers working nearby, but who live next door in the neighboring state, I have to be Licensed separately in that other state, and also hold Appointments for all the insurers I wish to market insurance policies for, in that other state.... it's not as simple as many may assume.

And, while it may hold true for retail products and other services, there is NO price difference between buying, for instance, Progressive insurance DIRECTLY from Progressive's website, versus walking into or calling a local Progressive appointed AGENT/agency, simply because Progressive's rates, are, well, Progressive's rates - they don't vary or change just because we purchase our policy thru their website - and 'commissions' are always outside of any rate or premium for any policy you purchase, no matter HOW you purchase it. State Insurance commissioners don't allow rates to be 'different' just because a consumer buys 'online', versus their local agent....And, don't be fooled that just because you are purchasing 'online' that you are somehow diverting or escaping someone from being paid commissions, someone will always be paid - no matter if they are your local agent, or someone sitting in a call center 12 states away, or simply the 'assigned' agent for direct-online purchases.

Insurers have many costs associated with 'selling' Auto and any type of insurance - and we will never be able to escape the cost of marketing: whether your local agent, broad National TV or Streaming or Website ADS, or internal Licensed Agents who work in the insurer's office. There will always be HUMANS as part of the equation, even if we don't see them.

 

[hturnerfamily]

What I found was all over the board when I bought my first 23 pro. My commercial policy with state farm wasn't really interested in insuring it as commerce so I went with my non commercial carrier who Costco farms out too. They were OK as long as i didn't use it more than a few times a week for commercial work. But when I leased my 24 flash months later. Costco Co. Was fine for 3 month, then sent me a notice they weren't going to renew me when my policy ends. They say they dont do commercial policies. Remember 6 months earlier my pro was fine. Its when I sold the pro and the flash became the primary vehicle is when underwriting picked up on it. State Farm was nuts, wanting $650. A month for a commercial policy. 750K liability minimum and being in Los Angeles. Went online and did some comparisons. Progressive hit all the marks..moved 4 vehicles over to Progressive/ 3 commercial and 1 family vehicle.. sure after 6 months it went up some, but so has everything..
Do your legwork and go online with your current policy..fill in the same limits and then tweak the limits, see where you're at. In the end I got a better policy with a better price and did this all online..then spoke to the agent to confirm all the line items. All stayed the same.
Do your homework, but don't go online and fill out your name and phone number on random insurance websites unless you want every agent to call you for the next 6 months.

Rick

it's true that most personal Auto Insurance companies don't do 'Commercial' auto policies, meaning for vehicles used in the course of everyday 'business', owned by the business, etc.
These vehicles require a more robust Commercial coverage policy, and, therefore, require an insurer to build a different policy, with differing coverages. Sometimes it may be a single vehicle, owned by a sole proprietor, and other times, as you can imagine, a FLEET of hundreds, or even thousands of vehicles... and vehicles of all sorts of shapes and sizes.

 

[02Reaper]

there are a LOT(!) of underlying considerations when it comes to trying to 'compare' vehicles and insurance... a LOT.

most of us don't really understand how pricing for insurance rates work - we just assume that because a new vehicle is 'new', it must, therefore, be more expensive, etc... insurance actuaries, the accounting engineers who decide the 'rate' though, look at ALL the aspects and variability of internal potential cost of claims, within each line of Coverage.

for instance, you can have one vehicle, newer, whose MSRP is higher than a similar vehicle, and yet it's 'rate' is slightly LOWER, due to other reasons: Cost of replacement parts may be lower, or easier to procure, or it's Liability rate may be lower due to it's design - it sits lower, or has less 'impact' on other vehicles, etc.

This also doesn't even attempt to compare 'who' is driving - and what experience they have, what area they typically drive in(traffic, etc), the driver's own history of violations and accidents, etc. Sometimes even our own situation has changed, since last insuring a comparative vehicle - many times an underlying rate change within the company has not yet affected our 'old' vehicle, yet when we trade it in for the 'new' vehicle, those rates are automatically then applied.

The only real way to 'compare' two, or more, different vehicles, for insurance, is to purchase them all at the same exact time, add them to a joint policy all at the same exact time, and make sure they all have exactly the same exact Coverages and Deductibles. Do this across the board with ALL available auto insurers in that same State, and then all the insurers across the US, and then, maybe, you'll have a TRUE comparison. Otherwise, it's just a guesstimate. And, as I tell all my customers, a guesstimate is truly just a GUESS, until you actually press the 'purchase' button.

and, just for kicks, if you want to 'compare' different quotes even from the same insurer, call two different agencies that represent the same insurer: you may find TWO DIFFERENT prices. Really.

So, do the agencies you go through get a kickback every time you pay your premiums?

 

[davehu]

The Lightning comes in as the 5th cheapest to insure. I was surprised myself when I insured mine. It cost the same as our ICE Toyota Highlander.

Cheapest EVs to insure

for my '23 Lariat I'm actually paying $118/mth where my wifes 2017 Honda Pilot is $133/mth. go figure. I'm with State Farm in Hot Springs, AR

 

[RLXXI]

actually, there is no 'true' way to buy insurance DIRECTLY from the insurer, as every state requires any policy to be assigned to, and handled by, a Licensed Appointed AGENT, and one that is licensed in the State your policy is issued within: different states have differing requirements, and each agent has to be licensed in EACH of those states. Some of us agents do business in a single state, such as Georgia, simply because that's where all of my customers are, and others might be larger agencies or brokers or insurers who require their agents to be licensed and appointed in multiple states, in order to help customers in many parts of the country. Even if I live and work on a state line, and have many customers working nearby, but who live next door in the neighboring state, I have to be Licensed separately in that other state, and also hold Appointments for all the insurers I wish to market insurance policies for, in that other state.... it's not as simple as many may assume.

And, while it may hold true for retail products and other services, there is NO price difference between buying, for instance, Progressive insurance DIRECTLY from Progressive's website, versus walking into or calling a local Progressive appointed AGENT/agency, simply because Progressive's rates, are, well, Progressive's rates - they don't vary or change just because we purchase our policy thru their website - and 'commissions' are always outside of any rate or premium for any policy you purchase, no matter HOW you purchase it. State Insurance commissioners don't allow rates to be 'different' just because a consumer buys 'online', versus their local agent....And, don't be fooled that just because you are purchasing 'online' that you are somehow diverting or escaping someone from being paid commissions, someone will always be paid - no matter if they are your local agent, or someone sitting in a call center 12 states away, or simply the 'assigned' agent for direct-online purchases.

Insurers have many costs associated with 'selling' Auto and any type of insurance - and we will never be able to escape the cost of marketing: whether your local agent, broad National TV or Streaming or Website ADS, or internal Licensed Agents who work in the insurer's office. There will always be HUMANS as part of the equation, even if we don't see them.

Not true in my state. The only insurance I have to go thru an agent for is homeowners. Car, boat, motorcycle I go directly to the company.

 

[Gaffer]

Sold our 2015 Elantra and bought our 2023 Lightning, rate went up like $10. Granted, the Elantra had become the highest stolen vehicle in our city due to a ticktock trend…

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