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Best Auto Insurance for Electric Cars 2026
Auto-Owners, Travelers, State Farm, American Family, and Lemonade are our top picks for auto insurance for EVs.
Best Value
Editor's Rating:
4.4/5
4.4/5Best for New Electric Car Owners
Editor's Rating:4.1/5
4.1/5
Full Coverage Averages for EVs
- Annual Premium: $2,201
- Monthly Premium: $183
Best for Young Drivers
Editor's Rating:4.9/5
4.9/5
Full Coverage Averages for EVs
- Annual Premium: $2,653
- Monthly Premium: $221
Last updated: June 21, 2026
Key Takeaways: Best Auto Insurance for Electric Cars
The best value car insurance for electric cars is Auto-Owners, which costs $2,151/year on average.
Electric cars cost an average of $3,655 per year to insure, which is 55 percent higher than the average for all vehicle types.
Owners of new electric cars can find great coverage and discounts from Travelers, while State Farm is an ideal choice for young drivers.
American Family is the best provider for bundling home and auto, while safe drivers should consider Lemonade.
Summary of the Best Auto Insurance for Electric Cars
- Best Value: Auto-Owners
- Best for New Electric Car Owners: Travelers
- Best for Young Drivers: State Farm
- Best for Bundling: American Family
- Best for Safe Drivers: Lemonade
Comparison of the Best Auto Insurance for Electric Cars
| Company | Full coverage annual average for EVs | Full coverage monthly average for EVs | J.D. Power Claims Satisfaction1 |
|---|---|---|---|
| Auto-Owners | $2,151 | $179 | Above average |
| Travelers | $2,201 | $183 | Below average |
| State Farm | $2,653 | $221 | Above average |
| American Family | $3,082 | $257 | Above average |
| Lemonade | Data not available | Data not available | Not rated |
| EV average | $3,655 | $305 | – |
Breaking Down the Best Auto Insurance for Electric Cars
1. Auto-Owners - Best Value
4.4
Editor's Rating:
- Average Rate for Minimum Coverage
- $43 mo.
- Average Rate for Full Coverage
- $156 mo.
Affordable average rates for EVs- Variety of coverage options
- Above-average claims satisfaction according to J.D. Power
Agent-only sales- Slower digital adoption
Why we chose it
Auto-Owners works with over 48,000 licensed agents across 26 states. The average annual cost of auto insurance for an electric car from Auto-Owners Insurance is $2,151, making it one of the cheapest auto insurance companies for electric vehicles, on average.
Auto-Owners offers discounts if your electric vehicle has antilock brakes, airbags, and anti-theft devices, which all modern EVs are equipped with. It also has a range of coverages you can add to your policy, including gap insurance and diminished value coverage, as well as its Personal Automobile Plus Package, which includes 10 additional coverages such as identity theft and cell phone replacement.
Many insurance companies, including Auto-Owners, help cover the cost of a rental car if you can’t use your vehicle due to an accident. Auto-Owners also extends your policy coverage to any rented vehicle as long as you travel within your coverage area. If your primary car is an electric vehicle, rental car coverage can help you bypass one of the pitfalls of long-distance driving.
Who it’s best for
Those looking for the best rates, frequent rental car users, those needing gap coverage
Auto-Owners EV Pricing
| Auto-Owners | Full coverage |
|---|---|
| Monthly | $179 |
| Annually | $2,151 |
| Difference from EV average | -41% |
2. Travelers - Best for New Electric Car Owners
4.1
Editor's Rating:
- Average Rate for Minimum Coverage
- $40 mo.
- Average Rate for Full Coverage
- $101 mo.
- Competitive EV rates
- Discount for new cars
- Wide range of coverages
- Average satisfaction scores
- Limited agent density in some regions
Why we chose it
Travelers is one of the largest providers of property and casualty insurance products in the U.S. It offers multiple discounts you can apply to your new electric vehicle. When you purchase a new car or own a car that is less than three years old, you’ll qualify for a discount as well as new car replacement coverage.
New car replacement coverage from Travelers will replace a vehicle with a brand-new car of the same make and model if you total your car in the first five years of ownership (some insurers offer this type of replacement coverage for the first two or three years).
Like many auto insurance companies, Travelers offers bundling discounts. You can save up to 15 percent on your Travelers car insurance when you purchase home/condo insurance or another policy from Travelers. Travelers also offers a car insurance discount if you own a home or condo, even if you insure it elsewhere. (This discount is not available in California.)
Who it’s best for
New car owners, homeowners (even if not insured with Travelers), members of affinity programs that are eligible for Travelers discounts
Travelers EV Pricing
| Travelers | Full coverage |
|---|---|
| Monthly | $183 |
| Annually | $2,201 |
| Difference from EV average | -40% |
3. State Farm - Best for Young Drivers
4.9
Editor's Rating:
- Average Rate for Minimum Coverage
- $53 mo.
- Average Rate for Full Coverage
- $162 mo.
- Telematics program for young drivers
- Affordable rates for teens
- Strong customer service
- Must complete quotes by phone
- No accident forgiveness
Why we chose it
State Farm is the most popular car insurance provider in the U.S., with over a century of reliable service, extensive coverage, and customizable discounts. It offers various discounts for safe driving, including its accident-free discount, which rewards drivers who have maintained a clean driving record over a certain period, usually three continuous years.
Additionally, it has two telematics programs, Drive Safe & Save and Steer Clear, which track driving behaviors through a mobile app or an in-car plug-in device. The latter is designed for young drivers and includes a training module that they must complete in addition to earning a good driving score to get a discount on their auto insurance.
State Farm also has a useful perk as part of its comprehensive coverage, which generally pays to repair or replace a vehicle or accessory that’s stolen or damaged by something other than a collision or rolling. State Farm’s comprehensive and collision coverage can extend to a charging station installed at your home. (Most insurers only include this under homeowners insurance.)
Who it’s best for
Families with teen drivers, accident-free drivers, those who prioritize customer service
State Farm EV Pricing
| State Farm | Full coverage |
|---|---|
| Monthly | $221 |
| Annually | $2,653 |
| Difference from EV average | -27% |
4. American Family - Best for Bundling
4.4
Editor's Rating:
- Average Rate for Minimum Coverage
- $57 mo.
- Average Rate for Full Coverage
- $182 mo.
- Generous bundling discount
- Below-average rates for EVs
- Generational discount
- Limited to select states
- Agent-dependent experience
Why we chose it
American Family sells car insurance in 19 states and scored above average for customer satisfaction in four out of the five regions it was ranked in in J.D. Power’s Auto Insurance Study.2 The company also has below-average rates for EVs, making it a good option for electric car owners.
Homeowners looking to bundle their auto and home insurance with the same provider may find significant savings with American Family, as it offers a maximum bundling discount of 40 percent, one of the highest available from any insurer. You can also get a discount for bundling auto and life insurance or auto and renters insurance, though the discount will be smaller.
American Family has a long list of additional discounts, including for safe driving and switching from a competitor. Young drivers getting their own policy can benefit from a generational discount if their parents are American Family customers, and drivers who drive less than 8,000 miles per year can earn up to 25 percent off with one of the company’s usage-based insurance programs, MilesMyWay.
Who it’s best for
Homeowners looking to bundle home and auto insurance, low-mileage drivers, people who live in one of the 19 states where American Family operates
American Family EV Pricing
| American Family | Full coverage |
|---|---|
| Monthly | $257 |
| Annually | $3,082 |
| Difference from EV average | -16% |
5. Lemonade - Best for Safe Drivers
4.1
Editor's Rating:
- Safe drivers can save with usage-based insurance
- User-friendly online platform
- EV discount
- Limited states
- Newer insurer track record
Why we chose it
Lemonade is a modern insurance company that relies primarily on its intuitive online platform to sell insurance and interact with customers. Lemonade built out its car insurance offering following its acquisition of Metromile in 2022. It’s currently available in 10 states, including California.
DID YOU KNOW?
California has the highest number of EVs registered, which represents 35 percent of all registered EV vehicles in the U.S.3
Lemonade provides exclusively usage-based insurance, which tracks your driving and calculates your premium based on how safely and how often you drive. Driving less than average will result in savings, as will driving safely. You’ll get an initial rate when you purchase a policy, which will then be updated after about a month based on your actual driving habits. After that, your rate may change at renewal based on changes to your driving behavior.
Lemonade is a certified B Corp and puts a strong focus on environmentalism, which EV owners can benefit from. The company offers a specific discount for EVs, as well as coverages for electric cars, including for home charging stations and portable chargers. Its roadside assistance also includes towing to charging stations.
Who it’s best for
Drivers who live in one of the 10 states where Lemonade car insurance is available, safe drivers, those who drive less than average
Frequently Asked Questions
Yes. Electric cars are more expensive to insure compared to gas-powered cars because of the cost of specialized features and replacement parts. The average annual cost of electric car insurance is $3,655, compared to an average of $2,356 for gas-powered vehicles. On average, electric car insurance is 55 percent higher than car insurance for gas-powered vehicles. When determining premium amounts, insurance companies factor in the cost of claims for similar cars. The additional cost for replacement parts, electric vehicle batteries, and specialized repair shops may increase your auto insurance premium.
Electric cars or vehicles (EVs) are less expensive to maintain over time compared to gas-powered vehicles. EVs have no engine, so they don’t need engine services or oil changes. You will have to replace the battery in your electric car periodically, however, which is a significant cost. While the cost of an electric vehicle may be higher upfront, EV owners save on fuel and maintenance costs.
Electric car batteries are estimated to last between 10 to 15 years. Most manufacturers have a five- to eight-year warranty on their batteries.
Charging costs for electric cars depend on energy costs. According to the U.S. Department of Energy’s Office of Energy Efficiency & Renewable Energy, most electric cars travel three to four miles per kilowatt-hour (kWh) of energy. The U.S. Energy Information Administration recorded residential energy costs as an average of 18.6 cents per kWh. That makes the average cost of charging your electric car at home $47 to $62 per 1,000 miles.
There are several reasons why you may choose to get an electric car over a gas-powered vehicle:
- Lower maintenance costs: Electric cars require less maintenance and have lower running costs than gas-powered vehicles because you don’t have to pay for gas or service the engine.
- Lower fuel costs: Charging an electric car is much cheaper than paying for gas, on average, especially if you have an at-home charging setup.
- Fewer harmful emissions: Electric vehicles and hybrid cars produce fewer harmful emissions than gas vehicles, improving air quality.
Methodology
We evaluated insurance companies on four key metrics to identify the best auto insurance providers for electric vehicles:
- Pricing (40%): We evaluated average costs and discounts for electric cars using the latest industry research and our own proprietary data. Full coverage averages use the following limits:
- Bodily injury liability: $100,000 per person/$300,000 per accident
- Property damage liability: $100,000 per accident
- Uninsured and underinsured motorist bodily injury: $100,000 per person/$300,000 per accident
- Comprehensive and collision: $500 deductible
- Claims Handling (25%): We evaluated insurers’ claims processes by analyzing factors such as responsiveness, transparency, and overall customer satisfaction using industry reports such as J.D. Power’s claims satisfaction ratings and the CRASH Network’s Insurer Report.
- Customer Experience (25%): We assessed the overall customer experience provided by insurance companies for electric car owners, looking at factors like ease of account management, mobile app functionality, and quality of customer service. We used third-party data from sources including J.D. Power, the Better Business Bureau (BBB), and the National Association of Insurance Commissioners (NAIC).
- Coverage Options (10%): We evaluated the availability of coverage options that are especially beneficial for EV owners, including original equipment manufacturer (OEM) coverage and windshield repair coverage.
We use the latest industry research and third-party ratings to evaluate auto insurance providers, as well as feedback from real customers. Read more about our editorial guidelines.
Sources
Satisfaction with Auto Insurance Claims Strained by Higher Deductibles, More Total Losses, JD Power Finds. JD Power. (2025, Oct 28).
https://www.jdpower.com/business/press-releases/2025-us-auto-claims-satisfaction-studyAuto Insurers Struggle to Maintain Seamless Interactions Across Channels, JD Power Finds. JD Power. (2026, Jun 09).
https://www.jdpower.com/business/press-releases/2026-us-auto-insurance-studyElectric Vehicle Registrations by State. U.S. Department of Energy. (2024, Sept).
https://afdc.energy.gov/data/10962
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