That shiny new electric car you bought will cost more to insure — here's why
Expensive vehicles cost more to insure, and EVs remain expensiveA new EV sold for $58,725 on average in January. That plays a role in the fact thatInsuring an EV might differ from insuring a gas-powered vehicle.Car-buyers should understand the nuances of EV insurance and why it might cost more.
There are certain nuances to insuring electric vehicles that car shoppers might want to know before they commit. Electric cars have a lot of similarities to gas-powered cars, but they also bring some distinct differences. Right now, new EVs cost more on average. They haveAll of those factors could play a role in an EV owner's insurance policy. Drivers have a lot to weigh before going electric, like an EV's range,
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