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Why EV Insurance Costs More | Fort Wayne News
Electric cars may save you money at the pump, but your insurance bill might not—because fixing them is way more expensive. Complex batteries, high-voltage systems, and scarce specialized repair shops drive up costs, sometimes making repairs cost more than a used gas car. Insurers, still catching up without decades of EV claims data, charge higher premiums to cover the risk. But the good news? The gap is closing: more repair networks, cheaper parts, telematics for discounts, and competitive pricing mean EV insurance is becoming more affordable. Shop around—it makes a difference. Support the…
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