Electric cars are no longer the future; they are the now. Be it the sleek Tesla or a practical Nissan Leaf, many potential buyers are considering an electric car but ignore its insurance costs. In this blog, we feature some of the cheapest electric cars to insure, enabling you to make an informed decision that saves money.
What is the Cheapest Electric Car to Insure?
People are shifting to electric vehicles as they’re environment-friendly, have fewer running costs, and are supported by evolving technology. When considering the purchase of an electric vehicle, the insurance cost must also be factored in since the insurance cost of an electric vehicle can vary significantly from model to model. This blog will inform you on some of the cheapest electric cars to insure, how to estimate their insurance, and where to get the best policies.
Mini Cooper SE
It has the lowest insurance rates among electric cars. It is compact and stylish—a purely urban car. The Mini Cooper SE costs less in terms of insurance than the average costs, based on the compact size and affordability for repair. This car also has robust safety features that are very beneficial for low insurance costs. A modern electric drivetrain supplements the classic charm that attracted city dwellers to the Mini Cooper.
Hyundai Kona SEL
Another electric car that does not attract huge insurance costs is the Hyundai Kona SEL. The subcompact SUV has advanced safety features like forward collision warning, lane-keeping assist, and pedestrian detection—all of which bring down the insurance cost a long way. Its affordability, augmented with a pretty impressive range and performance, makes it a strong contender in the electric car realm. It is robust and reliable for lower insurance costs, attracting budget-minded drivers.
Hyundai Kona Limited
The Hyundai Kona Limited also enjoys fairly good insurance rates. It has many features, including leather upholstery, a sunroof, and an advanced infotainment system, yet the insurance costs stay decent. All those extra safety features and a higher price do not significantly change the insurance premiums, making this an affordable option for someone who wants to up the luxury on their EV.
Kia Niro EV EX
The Kia Niro EV EX is an affordable electric crossover with a versatile, low-cost insurance cover package. It has many in-built safety features, including blind-spot monitoring, rear cross-traffic alert, and adaptive cruise control. These features improve the driver’s safety and help keep insurance premiums low. It’s comfortable, has reasonable cargo space, and has a decent range.
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Kia Niro EV EX Premium
The Kia Niro EV EX Premium trim follows the regular Niro EV EX trim and has many premium features, including an uprated infotainment system. However, this doesn’t compromise the EX Premium’s insurability. The vehicle continues to have reasonable insurance rates, and its strong safety performance and advanced driver assistance systems deliver a luxury driving experience without a significant increase in insurance expenses.
Nissan Leaf S
The Nissan Leaf S is among the best-selling electric cars because of its low pricing and practicality. Its insurance cost is also one of the cheapest within the EV segment due to its small dimensions, extensive safety features, and many replacement parts. The Leaf S offers a smooth, quiet ride with a decent range and basic driving experience—one of the best ways to get introduced to the world of electric cars.
Chevrolet Bolt EV LT
The Chevrolet Bolt EV LT is affordable, has low insurance rates, and offers a good driving range. It has safety features, such as automatic emergency braking and lane-keeping assist. These features are installed to lower insurance premiums. Inside, the vehicle feels roomy; it has a long driving range and is known for its reliability. Thus, many Chevrolet Bolt EV LT users are enthusiasts who want a good deal on an electric car.
Ford F-150 Lightning Pro
The Ford F-150 Lightning Pro offers the power of the loved F-150 series but in an electric version. Considering this, the Lightning Pro’s insurance costs are low, and it has Ford’s many safety features and built-in ruggedness.
Ford F-150 Lightning Platinum
The Ford F-150 Lightning Platinum is loaded with luxury features and advanced technologies. Although it costs more than the Pro, the Platinum has a reputation for Ford’s advanced safety systems, so insurance costs will be low. It has features like adaptive cruise control, a 360-degree camera system, and enhanced driver assistance features, which can all rein in insurance premiums.
Ford F-150 Lightning Lariat
This model has competitive insurance costs because of its safety and durability. Its features comprise a large infotainment screen, premium audio, and advanced towing features that someone looking for a capable electric truck will like.
How Much does Electric Car Insurance Cost?
Electric car insurance costs vary depending on many factors, such as the electric car’s make and model, the driver’s age, driving history, and location. In general, they cost more than those for gasoline vehicles because of the relatively high repair and replacement expenses. Yet, it’s possible to find insurers offering reduced electric vehicle insurance prices primarily because accidents involving them don’t usually lead to severe impacts.
Where to Get the Best Car Insurance for Your Electric Car
Ensure you obtain several quotes to secure the best electric car insurance. Some companies offering reasonable electric vehicle rates include Geico, Progressive, State Farm, and Allstate. Some electric vehicle insurance companies are specialized and might have better rates or certain advantages offered to their clients who own EVs. Also, watch out for discounts for bundling policies, keeping your driving record clean, or installing an anti-theft device.
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Conclusion
Selecting the best electric vehicle can impact how much you pay for insurance. Some of the least expensive models to insure are the Mini Cooper SE, Hyundai Kona SEL, Hyundai Kona Limited, Kia Niro EV EX, Kia Niro EV EX Premium, Nissan Leaf S, Chevrolet Bolt EV LT, and the Ford F-150 Lightning in a variety of trims, all providing their drivers robust safety features, reliable performance, and reasonable repair costs. Shop around for the best rates to get the best coverage for your electric car.
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