EV Owners and Insurance: 2026 Attitudes Survey

We surveyed 620 US EV owners about their insurance experience. The gap between expectation and reality is wider than for any other vehicle class we have surveyed.

Key Findings

• 68% expected EV insurance to be cheaper than a gas car. Only 12% actually pay less.
• Average premium premium for EVs vs comparable gas: +22%
• 41% did not shop their EV policy at purchase — they added to existing coverage
• Of those who shopped, 58% got quotes varying by more than $600/yr

Biggest Surprises for EV Owners

1. Higher premiums than gas (mentioned by 61%)
2. Longer repair wait times (44%)
3. Restricted repair networks (28%)
4. Higher deductibles required by carrier (14%)

What EV Owners Wish They Had Known

• Shop specifically for EV coverage — the spread between carriers is largest here
• Ask about battery coverage terms up front
• Confirm your repair shop is in-network before you need it

Methodology: 620 US EV owners, model years 2020–2026. Margin of error ±3.9%.