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Home > Suv > Does it cost more to insure an electric or hybrid vehicle?

Does it cost more to insure an electric or hybrid vehicle?

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With the rise in interest in emission-free vehicles comes an increased demand for car insurance for EVs. In March of this year, LowestRates.ca saw a 146 per cent year-over-year increase in the number of drivers looking for car insurance quotes for electric vehicles on its website. With generous incentives in British Columbia and Quebec, it’s no surprise that more people are in the market for a green car.

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But how does owning an electric or hybrid vehicle affect your car insurance rates?

Insuring electric vehicles versus gas-fueled cars

Insuring an emission-free car is fairly similar to insuring any other type of car.

Does it cost more to insure an electric or hybrid vehicle?

  • Keywaylock
  • 29/06/2022
  • 74 Views
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