Finding the cheapest insurance for electric cars
No matter what car you drive, comparison shopping is the best way to nail down a good deal on car insurance. For the vehicles and driver profiles we researched, Mercury Insurance offered the cheapest annual premium. USAA offered a lower quote for the electric Smart Fortwo and the second-lowest quote for the other three cars, but the insurer is open only to military members and their families, so we didn’t include it.
| CHEAPEST INSURANCE COMPANIES FOR ELECTRIC CARS IN CALIFORNIA | |||
|---|---|---|---|
| CHEAPEST | SECOND | THIRD | |
| Chevrolet Spark | Mercury, $1,294 | Allstate, $1,689 | Auto Club, $1,754 |
| Fiat 500 | Mercury, $1,294 | Farmers, $1,670 | Auto Club, $1,904 |
| Smart Fortwo | Mercury, $1,294 | 21st Century, $1,632 | Auto Club, $1,754 |
| Volkswagen Golf | Mercury, $1,256 | Farmers, $1,691 | Allstate, $1,778 |
Methodology: NerdWallet analyzed rates from the nine largest insurers in California. Policy limits are shown in the previous chart. Results exclude USAA, which is open only to military members and their families.
