Does it cost more to insure an electric car?
By Brian O Connell article
More drivers are taking the “plug and go” route with their vehicles. But how does that move impact auto insurance? (iStock)
Electric vehicles, popularized by automakers like Tesla, Nissan, Volkswagen, and Mitsubishi, are seeing robust demand in 2020. According to the International Energy Agency, electric vehicle sales should comprise 3% of all global auto sales by the end of 2020 as the traditional passenger vehicle market will contract by 15% over the same time period.
Car owners are willing to fork over more cash for electric cars but does a higher price tag lead to higher car insurance costs? Here s everything to know about insuring an electric car, and how to get cheaper rates.