Insuring an electric car can cost far more or far less than shoppers assume, because repair costs, vehicle value and driver profile all feed into the quote. Rate studies published for 2026 show a gap of thousands of dollars a year between the cheapest and priciest popular models. Here are eleven EVs, ordered roughly from the lowest insurance cost to the highest.
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1. Chevrolet Silverado EV: Cheapest of 33 Models
MoneyGeek’s 2026 study of 33 electric models found the Silverado EV cheapest to insure, at $1,947 a year for full coverage. The quotes assumed a 40-year-old driver with a clean record, 100/300/100 liability limits and $500 deductibles.
That profile matters, since a younger driver or a different state would change the figure. Still, a full-size electric pickup landing at the bottom of the table surprises many buyers who expect large, costly trucks to carry high premiums.
2. Hyundai Kona Electric: Small Crossover, Small Premium
The Kona Electric’s typical 2026 premium runs between $2,000 and $2,350 a year, according to Recharged’s cost guide. That range places the small Hyundai near the bottom of the insurance price scale for popular electric vehicles.
Compact size and a modest purchase price help keep repair bills and total vehicle value lower, which insurers reflect in their rates. Buyers should still collect several quotes, since individual driving records vary widely.
3. Kia Niro EV: Hybrid Roots, Low Rates
Recharged lists the Niro EV at $2,050 to $2,400 a year in typical 2026 premiums. The Kia is a small crossover that shares its name with a hybrid sibling and sits close to the Kona in cost.
Insurers tend to view mainstream, moderately priced EVs more kindly than exotic ones. The Niro EV fits that pattern, giving owners an efficient daily driver without a luxury-level insurance bill attached, and the quote range overlaps closely with its Hyundai cousin.
4. Kia EV6: Monthly Math on an EV6
Compare.com’s quote data puts the EV6’s full coverage at an average of $209 a month. Over twelve months that adds up to a sum comfortably above the cheapest annual quotes elsewhere on this list.
Monthly numbers look manageable but add up over a year, and the EV6’s sporty positioning can nudge quotes above those of more basic Kia EVs. Drivers should price coverage before they commit to the car, since a single quote can change the monthly budget noticeably.
5. Tesla Model Y: Popular and Pricier
Recharged reports typical 2026 premiums for the Model Y of $2,700 to $3,400 or more a year. The best-selling Tesla therefore costs noticeably more to insure than the Hyundai and Kia electric crossovers earlier on this list.
Part of the difference comes from repair complexity and the cost of parts, which insurers factor into pricing. Shoppers choosing a Model Y should treat insurance as a real part of the ownership budget.
6. Volkswagen ID.4: Mainstream Pricing Climbs
Compare.com says ID.4 full coverage averages $253 a month. That figure is higher than the EV6 in the same data set, even though the Volkswagen is also a mainstream electric crossover.
Differences between similar models often come down to claims history and replacement costs. A buyer deciding between rival crossovers can save real money by comparing quotes before signing the sales contract, because the premium gap between the two models can reach hundreds of dollars over a year.
7. Ford Mustang Mach-E: A Match for the ID.4
The Mustang Mach-E’s full coverage also averages $253 a month in Compare.com’s data, level with the Volkswagen ID.4. Ford’s electric crossover sits in the middle of the pack for insurance costs.
The tie suggests that mainstream crossovers from different brands cluster around similar premiums. Choosing between them is therefore more likely to turn on price, features and charging access than on what the insurer charges, which makes insurance a tiebreaker rather than a deciding factor.
8. Rivian R1T: Truck Costs More Than Silverado
Full coverage on the Rivian R1T runs $3,050 a year in MoneyGeek’s analysis. That is about $1,100 more than the $1,947 charged for the Chevrolet Silverado EV in the same study.
Electric pickups can price very differently from one another, as the R1T and Silverado EV show. Newer manufacturers with costlier parts and smaller repair networks may push premiums up for their owners, so shoppers should get quotes on both trucks before choosing.
9. Chevrolet Equinox EV: Cheap to Insure, Within Reason
Recharged puts typical 2026 premiums for the Equinox EV at $2,050 to $2,450 a year, often only modestly above the gas Equinox. That comparison is useful for shoppers weighing the switch to electric.
The small gap suggests that going electric does not always bring a big insurance penalty. The Equinox EV therefore appeals to buyers who want a family crossover without a large jump in running costs, and shoppers can compare the two versions directly with one insurer.
10. Lucid Air: Luxury Sedan, Higher Bill
MoneyGeek lists Lucid Air full coverage at $3,917 a year, roughly double the cost of insuring a Silverado EV. The high-performance luxury sedan carries a high replacement value, and insurers price accordingly.
Premiums rise with vehicle price and repair complexity, and a low-volume maker may face higher parts costs. Anyone shopping the Air should ask for a quote early, before the purchase decision gets made, because the premium alone could exceed what many drivers pay for several smaller EVs.
11. Audi Q8 e-tron: Priciest in the Study
MoneyGeek lists Audi Q8 e-tron full coverage at $9,004 a year, among the costliest in its 2026 study. That is more than four times the $1,947 charged for the Silverado EV.
The gulf shows how widely EV insurance varies, from a modest bill to something closer to a car payment. Shoppers considering a luxury electric SUV should check insurance costs before they sign anything, and should remember that the study used one specific driver profile.
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