As more data rolls in from the insurance industry, an unfortunate trend has persisted for electric vehicles: They cost more to insure. And there are enough of them in the vehicle fleet now to underscore that it’s no longer a matter of insurance companies covering themselves for the unknowns of a new vehicle type. Based on calendar-year... Why do EVs cost more to insure than hybrids in 2024?
As more data rolls in from the insurance industry, an unfortunate trend has persisted for electric vehicles: They cost more to insure. And there are enough of them in the vehicle fleet now to underscore that it’s no longer a matter of insurance companies covering themselves for the unknowns of a new vehicle type. Based on calendar-year...