The Future of Car Insurance: The Rise of EVs (2023) – MarketWatch

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  • The Future of Car Insurance: The Rise of EVs (2023) – MarketWatch

EVs come with a wide range of benefits for consumers beyond lower fuel costs: they have fewer moving parts that can break down, they don’t need oil changes and they’re generally easier on brake systems than their gas-powered counterparts. However, EVs also come with higher price tags, meaning they cost more to insure than traditional combustion-engine vehicles.

Why Are EVs More Expensive To Insure?

Along with the fact that EVs cost more than most traditional cars, their parts…

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