morekaos
Well-known member
Cost of insurance is significantly higher also…![Man facepalming: medium skin tone :man_facepalming_tone3: 🤦🏽♂️](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f926-1f3fd-2642.png)
![Hand with index finger and thumb crossed: medium skin tone :hand_with_index_finger_and_thumb_crossed_tone3: 🫰🏽](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1faf0-1f3fd.png)
![Face with tears of joy :joy: 😂](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f602.png)
![Face with tears of joy :joy: 😂](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f602.png)
![Unicorn :unicorn: 🦄](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f984.png)
![Rainbow :rainbow: 🌈](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f308.png)
The latest estimate from NerdWallet said the national average cost of car insurancestands at about $2,148 per year. Meanwhile, the same for EVs is $2,280 annually, according to a Forbes Advisor analysis. That could mean average annual premiums of $1,830 for a Chevrolet Bolt or $4,066 for a Tesla Model S, says financial services company Bankrate. Tesla car insurancecosts more than any other electric car: The average cost to insure the company's cheapest model, the Tesla Model 3, is $2,503.
![Man facepalming: medium skin tone :man_facepalming_tone3: 🤦🏽♂️](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f926-1f3fd-2642.png)
![Hand with index finger and thumb crossed: medium skin tone :hand_with_index_finger_and_thumb_crossed_tone3: 🫰🏽](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1faf0-1f3fd.png)
![Face with tears of joy :joy: 😂](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f602.png)
![Face with tears of joy :joy: 😂](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f602.png)
![Unicorn :unicorn: 🦄](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f984.png)
![Rainbow :rainbow: 🌈](https://cdn.jsdelivr.net/joypixels/assets/8.0/png/unicode/64/1f308.png)
That shiny new electric car you bought will cost more to insure — here's why
The latest estimate from NerdWallet said the national average cost of car insurancestands at about $2,148 per year. Meanwhile, the same for EVs is $2,280 annually, according to a Forbes Advisor analysis. That could mean average annual premiums of $1,830 for a Chevrolet Bolt or $4,066 for a Tesla Model S, says financial services company Bankrate. Tesla car insurancecosts more than any other electric car: The average cost to insure the company's cheapest model, the Tesla Model 3, is $2,503.
Electric car insurance is more expensive than gas vehicles: Here's why
Insuring your brand-new electric vehicle might cost more, but there are a few reasons why that's okay.
www.businessinsider.com